AAPL Intraday Updates (Archive)

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    Posted: 07 May 2009 11:02 AM #16

    Eric Landstrom - 07 May 2009 01:46 PM

    BTW folks you may want to buy in with the NYSE floor specialists here on the stocks that gapped up on the bell and pulled back. Theory: When stocks gap up on the morning bell, the specialist needs to short the stock in order to fulfill his duties to make an orderly market. The specialist does this by shorting inventory from his account. Later on within the hour, the specialist will engineer a pull back to cover his temporary losing position. This is an excellent time to buy with him. So, check the stocks that are pulling back off of a morning gap up.

    Slightly OT: but if you want to take a look at some serious volatility with massive volume spikes, take a look at SIRI this AM, including PM. Crazy movements with huge spikes volume.

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    Posted: 07 May 2009 11:03 AM #17

    artman1033 - 07 May 2009 02:02 PM
    ConMan - 07 May 2009 01:40 PM
    Mercel - 07 May 2009 01:38 PM

    So why is AAPL down?  I can’t find any news at the open to suggest a reason.  :bugeyed:

    Why buy AAPL when you can make another 20% on BAC in one day.  rolleyes

    IMHO: This has been a trading market for AAPL. The traders have all decided that the banks are a great trading vehicle today. They have sold all of their AAPL.

    If my premise is correct, look for AAPL to trend down today, close below $130 with low volume of 12-15 million.

    Did you get out of your May 140C yesterday?  I didn’t recall.

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    “Once we roared like lions for liberty; now we bleat like sheep for security! The solution for America’s problem is not in terms of big government, but it is in big men over whom nobody stands in control but God.”  ?Norman Vincent Peale

         
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    Posted: 07 May 2009 11:03 AM #18

    Getting hammered.  Down over $3 now.

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  • Posted: 07 May 2009 11:07 AM #19

    Tech stocks are kind of collapsing.

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    Posted: 07 May 2009 11:08 AM #20

    BAC just completed a very predictable pop on the specialist’s trading action. Now I go get coffee and love up Bill the office junior stock analyst and mascot while I wait for the market to roll back over (since I’m trading long side).

    Pretty bummed about missing F at $6.32.

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
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    Posted: 07 May 2009 11:28 AM #21

    artman1033 - 07 May 2009 02:02 PM

    IMHO: This has been a trading market for AAPL. The traders have all decided that the banks are a great trading vehicle today. They have sold all of their AAPL.

    If my premise is correct, look for AAPL to trend down today, close below $130 with low volume of 12-15 million.

    Now that we’re solidly below 129, does this setup for a quick trade on an expected rise throughout the day?

         
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    Posted: 07 May 2009 11:54 AM #22

    artman1033 - 07 May 2009 02:47 PM
    dc930 - 07 May 2009 02:28 PM
    artman1033 - 07 May 2009 02:02 PM

    IMHO: This has been a trading market for AAPL. The traders have all decided that the banks are a great trading vehicle today. They have sold all of their AAPL.

    If my premise is correct, look for AAPL to trend down today, close below $130 with low volume of 12-15 million.

    Now that we’re solidly below 129, does this setup for a quick trade on an expected rise throughout the day?

    EXCELLENT IDEA!

    FWIW: I just bought some of the AAPL MAY 140 CALLS APVEH for .34-.35 each.

    I missed my APVEG (135) price by $0.02.  Resetting limit a little higher… any particular reason you are going for the farther OOTM calls?

         
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    Posted: 07 May 2009 12:12 PM #23

    dc930 - 07 May 2009 02:54 PM

    I missed my APVEG (135) price by $0.02.  Resetting limit a little higher… any particular reason you are going for the farther OOTM calls?

    ...and now I got them.  APVEG for a buck even.

         
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    Posted: 07 May 2009 12:15 PM #24

    good morning boys and girls

    The sponge has been too busy to post much.

    I got out at 126 and as usual missed the run to 133.  however I have learned not to be greedy and be thankful for any gain in this market.

    I think aapl continues to follow the market and it outperforming it a little.  another shoe will drop in the next 4 to 6 weeks and we should see this stock back to 100 area.

    this rally smells like a bubble ready to burst.

         
  • Posted: 07 May 2009 12:16 PM #25

    Eric Landstrom - 07 May 2009 02:08 PM

    BAC just completed a very predictable pop on the specialist’s trading action. Now I go get coffee and love up Bill the office junior stock analyst and mascot while I wait for the market to roll back over (since I’m trading long side).

    Pretty bummed about missing F at $6.32.

    If you don’t mind my asking, Eric…how far do you see BAC pulling back?

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  • Posted: 07 May 2009 12:19 PM #26

    I find it kind of interesting that the banks that the “leaked” stress “test” results claim need more money are the only ones that are going greener today. The healthier banks ? those that don’t need more money ?  are red.

         
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    Posted: 07 May 2009 12:30 PM #27

    willrob - 07 May 2009 03:19 PM

    I find it kind of interesting that the banks that the “leaked” stress “test” results claim need more money are the only ones that are going greener today. The healthier banks ? those that don’t need more money ?  are red.

    As I said yesterday, being told that certain banks need to raise a bajillion dollars has been received as good news because if each bank does raise bajillions of dollars the perception is that those banks will become money-making machines and not zombie banks.

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
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    Posted: 07 May 2009 01:50 PM #28

    artman1033 - 07 May 2009 03:59 PM

    GREED!
    A small move upward can result in tremendous gains. Traders may take their profits from BAC and other financial movers and put them into tech this afternoon.
    AAPL “may” be day trading in a pattern. Down in the morning, up in the afternoon.

    OTOH:Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.

    So now its come to the point where people feel the need to post disclaimers on message boards?  tongue laugh

         
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    Posted: 07 May 2009 02:05 PM #29

    artman1033 - 07 May 2009 03:59 PM

    Traders may take their profits from BAC and other financial movers and put them into tech this afternoon.

    Speaking for myself, in trading mode I go where there is movement. This morning a dime’s worth of movement in BAC was like AAPL moving a dollar. When BAC finished its obvious play, I rotated into F and C and played that trade. Now I’m like a gunboat sitting in a harbor waiting to blast at something but content all the same to do nothing.

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
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    Posted: 07 May 2009 02:08 PM #30

    Eric Landstrom - 07 May 2009 05:05 PM

    Now I’m like a gunboat sitting in a harbor waiting to blast at something but content all the same to do nothing.

    Gotta be nice to have ammo. Due to poor risk management on my part, I have very little left with which to blast away. I’m pretty much limited to sniper fire.