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AAPL Intraday Updates (Archive)
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I just bought a thimble full of AAPL.
What make you so sure that $300 won’t be tested?
Because traders always game what is supposed to happen. as a counter-trend guy, I was a little early, but any trade in the money is a good trade.
Anyway, Ken Heebner must have ready my early MM remarks and said, he’s got me pegged!
Rumor is that Ken’s CGM fund sold its AAPL position.
[ Edited: 12 November 2010 03:46 PM by Eric Landstrom ]Signature
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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... retired .gov types are worried over SS and cuts in pensions ...
Is it legal to cut SS and pensions of retirees? Isn’t the disbursements legally binding at the point of retirement.
Only states are bound by the Contracts Clause. Ironically, that most often applies to the public sector’s employment contracts, when the whole point of it was to protect the private sector from states.
Rough day. Perhaps some deals out there? Anyone buying calls?
Jan 2012 bank calls.
Signature
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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Gregg Thurman
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Never heard of Kent. How many shares did they sell and at what price/when?
Kent’s fund sold AAPL which is why the dip happened.
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You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.
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Ken Heebner
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Never heard of Kent. How many shares did they sell and at what price/when?
Kent’s fund sold AAPL which is why the dip happened.
typo. my bad. Here is the story:
http://www.reuters.com/article/idUSN1214774720101112
[ Edited: 12 November 2010 03:50 PM by Eric Landstrom ]Signature
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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The news for Ken Heebner selling his AAPL position via 13F filling is as of September 13, and he may even may have added since then. Morning Star rates his Fund two stars.
Just a heads up to those interested in following Mr. Heebner?s tip.
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... retired .gov types are worried over SS and cuts in pensions ...
Is it legal to cut SS and pensions of retirees? Isn’t the disbursements legally binding at the point of retirement.
Only states are bound by the Contracts Clause. Ironically, that most often applies to the public sector’s employment contracts, when the whole point of it was to protect the private sector from states.
Rough day. Perhaps some deals out there? Anyone buying calls?
Bought a bunch of Feb 280 calls at ~$37 when AAPL was heading south from $306. Seemed like a safe bet.
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Technicians and Chartists,
Please refer to this daily chart. Notice price ($319-$321.30) is bearishly divergent with indicators. Also, today is the first time since early Sep that AAPL drops below the 20-day EMA. What can we say about future price direction?
Intraday-wise, AAPL breaks above the inverse H&S’s neckline, likely to top up at $$311.
Intraday inverse H&S completed at $309.80. Looking for new pattern.
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Stay Hungry. Stay Foolish. - Steve Jobs
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Bought a thimbleful and a half of Calls on the sell of off. April ‘11s.
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Technicians and Chartists,
Please refer to this daily chart. Notice price ($319-$321.30) is bearishly divergent with indicators. Also, today is the first time since early Sep that AAPL drops below the 20-day EMA. What can we say about future price direction?
Intraday-wise, AAPL breaks above the inverse H&S’s neckline, likely to top up at $$311.
Intraday inverse H&S completed at $309.80. Looking for new pattern.
Good reading. Bearish technical divergences no question about it. And $311 is the technical hurdle.
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Gregg Thurman
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BTC 100 JAN $350 Calls and made $2.00
Have new order in STO JAN $350 Calls at $6.10. When this is executed I will hold 100 JAN $280/$350 Call Spreads with a -$1.00 basis.
Rough day. Perhaps some deals out there? Anyone buying calls?
Signature
You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.
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Gregg Thurman
- [ Ignore ]
If it does you’ll hear a large splash coming from Spokane, WA as I jump in with everything I have.
I just bought a thimble full of AAPL.
What make you so sure that $300 won’t be tested?
Signature
You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.
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Gregg Thurman
- [ Ignore ]
Not a bad buy if you plan on selling mid January.
Bought a bunch of Feb 280 calls at ~$37 when AAPL was heading south from $306. Seemed like a safe bet.
Signature
You can’t do more, make more, be more, than the next guy, if you think like the next guy. Think different.
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If it does you’ll hear a large splash coming from Spokane, WA as I jump in with everything I have.
Your aggression scare me. Jan $350? All in? I bought a couple of calls(Feb $310).
Signature
Stay Hungry. Stay Foolish. - Steve Jobs
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The whole idea of China having this kind of influence on stock and bond prices is somewhat bothersome. China choose to run a dollar peg below market value, US choose to run huge budget deficits. And here we are.
USDX 78.265 -0.12% and FXE up 0.32%. Not to blame the dollar trade today.
DJI 11196.05 down -86.28 -0.76%
SPX 1198 down -1.28. A bit of resistance here.
VIX 20.36 up 9.17%. A good shake-out of complacency
AAPL $310.22 down -2% however off of lows. Low $303.63 and high $316.63. Mace is correct about the technicals as at high when it was met with bearish divergences in the relative strength index (RSI), stochastics, the on-balance volume (OBV) and the TRIX. Correctly pointed out also that intraday we would find resistance at $311. Would like to point out however that dip buying is relentless as we are now more than 7 points from lows. Also AAPL does not follow the laws of physics, however would exercise extreme caution when trading it from here.
What will happen now with AAPL depends on the overall market. The overbought condition of the market is being worked out and dips like today?s offer opportunities to players on the sidelines and shake out weak hands. Still bullish that we will see higher highs in indexes after this is over, maybe very soon.
Remember POMO 2.0 is cumulative and comes in small and steady doses. The poison effect will take a while to kick in on larger bears. A dose a day will keep bears away…
