Doubtful IMHO, iPad. I don’t remember the last time AAPL rallied close to 5% in two days in a lower beta market. I’m ready for upside but we’ll need a HUGE overall up day in the market or an early iPad 3 media invite for a post-earnings zombie period.
Holding 450+ for a day would be victory enough. 11 weeks before earnings in all likelihood.
agreed, too low of volume, were just going to float around with the market. I think we will hit 450 monday but then bounce around between 440-450 all week.
I would love to see my long call positions fly on monday.
Welcome, po1nt! I joined around this time last year!
Fingers crossed for your calls…
thanks! i have been lurking for a while, but i liked it so much here I figured i would join in on the fun. you guys seem to know your stuff!
yeah fingers crossed, I sold out of some on the late rally we had friday, and re-bought in with the profits in the last few minutes before close in hopes of a monday-bounce.
I would really love a 455 open!
Hm…At 459 I’d probably sell my Jul 12 BCS (designated as tradable given sufficient return) and maybe reshuffle a part of the proceeds into a higher-risk Apr-May BCS. Depends on the trend. If AAPL goes too high too fast I will not chase even though I have uncommitted capital.
yeah I’m hopeful-ish on an “acceptable” Greece outcome. I dont think were going to get anything better than that.
how about kindle fire sales #‘s? ideas on how that might play out?
May play AMZN with a small side bet just because I’m an idiot.
Kindle disappointment may be a small net plus to AAPL over time. Massive Kindle success (yeah, like Amazon management will ever say exactly how many millions were sold) could have a slight impact on AAPL until iPad 3 comes along.
agreed, too low of volume, were just going to float around with the market. I think we will hit 450 monday but then bounce around between 440-450 all week.
The only reason volume is low is because the institutions haven’t weighed in as yet.
Come Monday morning (certainly by Tuesday) they will have memorized Apple’s 10Q, conference call, and determined their moves for the quarter.
What they won’t do is jump on board in volume, as that would drive the price to high, to soon. But we should see an increase in volume. $450 on Monday. Not that big a deal (less than daily trading range). $455 is another matter. $460 with volume would signal much more than $500 by April, and I don’t believe the market is ready to do that without additional confirmation that FQ1/2012 wasn’t a fluke.
agreed, too low of volume, were just going to float around with the market. I think we will hit 450 monday but then bounce around between 440-450 all week.
The only reason volume is low is because the institutions haven’t weighed in as yet.
Come Monday morning (certainly by Tuesday) they will have memorized Apple’s 10Q, conference call, and determined their moves for the quarter.
What they won’t do is jump on board in volume, as that would drive the price to high, to soon. But we should see an increase in volume. $450 on Monday. Not that big a deal (less than daily trading range). $455 is another matter. $460 with volume would signal much more than $500 by April, and I don’t believe the market is ready to do that without additional confirmation that FQ1/2012 wasn’t a fluke.
This is how bullish I am on AAPL at the moment:
Jul 430/460
Oct 430/470
In my inimitable style, I have overreacted and grossly overcompensated, thinking that the football won’t get there in time for my field goal attempt:
May play AMZN with a small side bet just because I’m an idiot.
Kindle disappointment may be a small net plus to AAPL over time. Massive Kindle success (yeah, like Amazon management will ever say exactly how many millions were sold) could have a slight impact on AAPL until iPad 3 comes along.
I personally think that the fire helped eat into iPod touch sales. I think more people would rather have a tablet for $200 than an iPod.
I betting on strong sales numbers and crappy profit margin. wouldn’t be shocked of they reported in the red this quarter with losing money on the fire and price cutting for the hilodays
strong numbers might have a small hit to aapl, but well see. an iPad 3 and $300ish iPad2 would be a great answer to it though
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In my inimitable style, I have overreacted and grossly overcompensated, thinking that the football won’t get there in time for my field goal attempt:
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