AAPL Intraday Updates (Archive)

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    Posted: 12 February 2010 11:54 AM #76

    artman

    has anyone told you that you are a real comic? :-D :-D

         
  • Posted: 12 February 2010 11:55 AM #77

    artman1033 - 12 February 2010 03:51 PM
    Plato - 12 February 2010 03:41 PM
    sirozha - 12 February 2010 03:32 PM
    wheeles - 12 February 2010 01:26 PM

    Needham upgrades AAPL from 235 to 280.

    When these price targets are set by analysts, what is the time frame they are talking about? Is it one year from now?

    Yes, usually it is a 12 month target price.

    More from CHARLIE WOLF HERE!

    Here?s a look at Wolf?s 10-year forecast for iPhone unit sales:

    2009: 25.5 million units (actual)
    2010: 37.2 million
    2011: 48.5 million
    2012: 60.0 million
    2013: 72.4 million
    2014: 85.4 million
    2015: 98.2 million
    2016: 109.3 million
    2017: 120.6 million
    2018: 131.7 million
    2019: 142.5 million

    THE AUDACITY OF HOPE!

    So, the combined number of iPhones sold since the launch of the product would be approaching 1 billion by 2019.

         
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    Posted: 12 February 2010 12:25 PM #78

    Plato - 12 February 2010 03:43 PM

    How come RIMM is up over 1% after an upgrade, and AAPL is down 1% after an upgrade. Yeah, WS that really makes sense, doesn’t it!!

    Plato: Looks like the traders finally got your memo… Nice jump in Apple action.

         
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    Posted: 12 February 2010 12:36 PM #79

    Plato - 12 February 2010 03:43 PM

    How come RIMM is up over 1% after an upgrade, and AAPL is down 1% after an upgrade. Yeah, WS that really makes sense, doesn’t it!!

    Is RIMM in the S&P 500? If not, then that is probably the answer.

    EDIT: Before anyone complains about RIMM’s movements, just compare a yearly chart of AAPL with that of RIMM. These two trade completely differently.

    [ Edited: 12 February 2010 12:41 PM by wheeles ]

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  • Posted: 12 February 2010 01:05 PM #80

    wheeles - 12 February 2010 04:36 PM
    Plato - 12 February 2010 03:43 PM

    How come RIMM is up over 1% after an upgrade, and AAPL is down 1% after an upgrade. Yeah, WS that really makes sense, doesn’t it!!

    Is RIMM in the S&P 500? If not, then that is probably the answer.

    EDIT: Before anyone complains about RIMM’s movements, just compare a yearly chart of AAPL with that of RIMM. These two trade completely differently.

    No, RIMM is not in the S&P 500. I am not sure that is really the reason. As I type is we are up 0.65% and the S&P still down 0.8%.

    I bought some July 210 calls this morning. Intend to keep them for a while. I think this upgrade and when the market digests the China news the market will go higher and AAPL will break through the 50MA.

    Above 200 as I type this. Woohooo!

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    Posted: 12 February 2010 01:15 PM #81

    Plato - 12 February 2010 05:05 PM

    No, RIMM is not in the S&P 500. I am not sure that is really the reason.

    Have to disagree with you there. The big boys play the S&P and it seems to be the tool that is used to “react” to any news. So if there’s tremendous selling going on there, then AAPL also gets clobbered. RIMM does not. An upgrade of RIMM is more likely to have a positive effect when the S&P trading is bearish, whereas an AAPL upgrade possibly won’t.

    The current action is exactly what I have been anticipating for several days now. On the hourly Ichimoku we are now above the cloud and several key moving averages are bullish. The daily chart still shows overhead resistance up to 205, so we’re still not out of the woods just yet, but we are getting there.

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    Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting. ? Jesse Livermore

         
  • Posted: 12 February 2010 01:22 PM #82

    Plato do you still see a close over 201.72 as the key spot?
    thanks.

         
  • Posted: 12 February 2010 01:22 PM #83

    It was mentioned here yesterday that we need to close above 201.72 (50 day SMA) for next leg up. Its approaching that level. We’ll see if this rally holds up.

         
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    Posted: 12 February 2010 01:30 PM #84

    You can analyze it all you want but I know it’s waiting for me to sell before it hits an all time high.

         
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    Posted: 12 February 2010 01:32 PM #85

    thealct - 12 February 2010 05:22 PM

    It was mentioned here yesterday that we need to close above 201.72 (50 day SMA) for next leg up. Its approaching that level. We’ll see if this rally holds up.

    Looks like it’s 201.78 today.

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    Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting. ? Jesse Livermore

         
  • Posted: 12 February 2010 01:35 PM #86

    barth - 12 February 2010 05:22 PM

    Plato do you still see a close over 201.72 as the key spot?
    thanks.

    I still think we have to close above the 50MA to get the interest of some big funds for more accumulation. But- as wheeles said - 205 is also a big resistance. I don’t think we will see a close above the 50MA today, b/c I am afraid we well sell off again into the close. But you never know!!

    We found resistance at 201.70 just a minute ago, we’ll see if we can even break it today, leave alone closing above that level.

    I am also watching RIMM, if found resistance around 71.50 as it did since September ‘09. If it breaks above it on high volume I will get in.

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    Posted: 12 February 2010 01:46 PM #87

    Plato - 12 February 2010 05:35 PM
    barth - 12 February 2010 05:22 PM

    Plato do you still see a close over 201.72 as the key spot?
    thanks.

    I am also watching RIMM, if found resistance around 71.50 as it did since September ‘09. If it breaks above it on high volume I will get in.

    I had a Feb 70 call I was short and was going to just get called away but this move seems like it has some legs so I rolled into a March 70 to pick up some premium.  RIMM has been beaten down for a while and may finally be showing some life.  A 120 price target on the stock - ouch.

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  • Posted: 12 February 2010 03:17 PM #88

    http://brainstormtech.blogs.fortune.cnn.com/

         
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    Posted: 12 February 2010 05:04 PM #89

    Plato - 12 February 2010 05:35 PM
    barth - 12 February 2010 05:22 PM

    Plato do you still see a close over 201.72 as the key spot?
    thanks.

    I still think we have to close above the 50MA to get the interest of some big funds for more accumulation. But- as wheeles said - 205 is also a big resistance. I don’t think we will see a close above the 50MA today, b/c I am afraid we well sell off again into the close. But you never know!!

    We found resistance at 201.70 just a minute ago, we’ll see if we can even break it today, leave alone closing above that level.

    AAPL closed on the nose of the 50d EMA. Google shows yesterday’s 20d and 50d EMA were $199.49 and $200.38. So far, still responding well in the after-hours market. Next week ought to be a nice week.

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    Tightwad.