OMG - the DELL love on CNBC is stomach churning… at least Jim Goldman got it right - “even though the PC industry’s rising tide is lifting DELL, the company is still losing market share and the slowest grower of all manufacturers.”
[quote author=“Slyboots”][quote author=“capablanca”][quote author=“lumi”]Quite a firm ceiling we just bounced off there at $185. If we recover and correct a little above $184 I won’t be too concerned. But if we keep going down from here, it’s going to look a lot like $185 was reached via a bull trap with coordinated sales at $185. Really hard to trust the action in AAPL after the past few weeks of heavy manipulation.
Worrying about this also. I don’t trust the Golden Slacks people.
Sold some Dec195 calls at $2.95 to create a bull spread with my long DEC180s.
It seems like only a few days ago people were worrying that AAPL couldn’t break 175. Wait… it WAS only a few days ago. Sorry.
That is my point exactly. To risky to be out right now. When we get back close to our high there will be several opportunities to get a scalp. Then I will pull some out looking for reposition points. I can tell you from experience (started investing when I was 24) there is nothing worse than watching your favorite stock go up and not be in it. No offense meant by that MikeB. Just have been there and done that.
I understand the phenomenon and agree this is why we dropped in after hours. However, I can assure the after hours sellers that Apple has absolutely no “sympathy” whatsoever for a company from which we are now and forever from this point forward grabbing market share.
We should be up AH on Dell’s report confirming the Mac’s continuing market share growth.
[quote author=“Plato”][quote author=“runedge”]OT - did anyone see the new Zune commercial by the way… made me want to puke not buy a zune….
I don’t know what you’re talking about - I am not puking I always have a great laugh when seeing the Zune - the same when I see this clown Ballmer.
Edit: Oh, oh Dell disappointed and drags Apple with it down. Funny shouldn’t that be good news for Apple, since INTC said just some days ago that the chip business is doing great. So if Dell is not doing that good, that means there are more Macs sold. Hello WS, can’t you add 1 and 1???
DELL down 8% from its report.. AAPL dragged down $1 in its wake. DELL has a massive short base, which if they cover could actually squeeze the stock up hard, depending on whatever the Maestro of Mirrors, Monsieur Dell, says in his first conference call in over a year.
After the run-up that pig had these last few days it should be down a lot more.
[quote author=“Slyboots”]
It seems like only a few days ago people were worrying that AAPL couldn’t break 175. Wait… it WAS only a few days ago. Sorry.
Please don’t mistake protecting profits with either bearishness or disappointment.
To be honest right now I’m very happy being all out; obviously however if we hit 200 tomorrow then I’ll be a lot less happy.
It’s also clear though that experience counts for a lot in this, and I am painfully aware that my practical trading experience is very limited, so it’s great to hear everyone sharing their opinions so openly here… I have learnt a lot.
At the end of the day though following others blindly is not the wisest course, we must all decide for ourselves what to do, and use the best judgment and instinct that we have. Sometimes win a lot, sometimes win a bit less, but at least with the way aapl is moving forward now we will probably all win in the long term.
[quote author=“Slyboots”][quote author=“capablanca”][quote author=“lumi”]Quite a firm ceiling we just bounced off there at $185. If we recover and correct a little above $184 I won’t be too concerned. But if we keep going down from here, it’s going to look a lot like $185 was reached via a bull trap with coordinated sales at $185. Really hard to trust the action in AAPL after the past few weeks of heavy manipulation.
Worrying about this also. I don’t trust the Golden Slacks people.
Sold some Dec195 calls at $2.95 to create a bull spread with my long DEC180s.
It seems like only a few days ago people were worrying that AAPL couldn’t break 175. Wait… it WAS only a few days ago. Sorry.
No surprise there. I’ve watched it do similar things for years. BTW, I assume you are the “Slyboots” from Google Finance. Glad to see you dropped in here. The people here are much more knowledgable and professional, and the information and analysis are way ahead of the market and the pundits.
[quote author=“capablanca”][quote author=“Slyboots”]
It seems like only a few days ago people were worrying that AAPL couldn’t break 175. Wait… it WAS only a few days ago. Sorry.
Please don’t mistake protecting profits with either bearishness or disappointment.
Was out and about today and not keeping up, wow AAPL really got some respect today considering GOOG and RIMM. Definitely should make Tommo feel better after yesterday’s mediocre movement.
Anyone know when the Bernanke news is coming? Can’t find much about it, but I’m sure I don’t know the right places to look
[quote author=“jnook1”]Was out and about today and not keeping up, wow AAPL really got some respect today considering GOOG and RIMM. Definitely should make Tommo feel better after yesterday’s mediocre movement.
Anyone know when the Bernanke news is coming? Can’t find much about it, but I’m sure I don’t know the right places to look
Looks like good news, the FED will remain flexible etc (rate cuts may be coming on Dec 11th). Would think the news would keep the markets pretty green even though it’s going to hurt the dollar.
Currently up more than 1 point from where it was in AH before 7pm EST
[quote author=“capablanca”][quote author=“Slyboots”]
It seems like only a few days ago people were worrying that AAPL couldn’t break 175. Wait… it WAS only a few days ago. Sorry.
Please don’t mistake protecting profits with either bearishness or disappointment.
I probably should have been clearer. My only point was that we’ve only had ONE day of being this close to 185, right? Isn’t it a bit premature to say there’s something like a “bear trap” going on? After all, people were saying only a few days ago that 175 was a big resistance point.
But maybe I’m just an optimist. [removed]emoticon(’:)’)
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