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Here we go… Another earnings week and OE behind us. What’s next?
[ Edited: 04 May 2012 07:58 PM by lovemyipad ] -
nate010203
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Here we go… Another earnings week and OE behind us. What’s next?
I just hope apple closes on friday above 600
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Up, I hope!
I think a broader market up day would help with the buying pressure. Not too long until the divvy, for one thing. AAPL still trading under a 15 multiple for another.
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
Apple historically does very well tomorrow - the Monday after earnings. Up 6 of the past 6 quarters. It then tends to finish the week lower than Monday’s close.
Data since Jan 2010 is in the bottom right table on this page.
http://aapltrader99.home.comcast.net/~aapltrader99/Apple_Trading/Earnings_Price_Change.html
I did a weekly 605-610 bucs to try and take advantage of a pop tomorrow. Only was able to get a few contracts late Friday so no real $$ on the line, but will be fun to watch.
AT99
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I’m expecting us to challenge 620 this week. I think we get there. If we do, I will look to get rid of the May 650s I purchased on Friday @ 3.20
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Most around here have there own definition of what a WTF sale is, but mine is as follows:
WTF Sale Price = AAPL < (10 x TTM Earnings) + Cash.
After the Jan Earnings report apple dropped into my WTF sale range and I went all in (and stayed there). What followed was of course the greatest 3 months of my investment lifetime.
After last weeks earnings and the corresponding share price bump, AAPL is currently quite far out of my WTF sale region (which would now be in the $530?s region and below.)
12-13 weeks until Q3 earnings (assuming $12.00 EPS), at which time my WTF sale price will be about $580-$590 and below..
Then it gets exciting, 26 weeks until Q4 earnings (assuming iPhone 5 launch & minimum $14.00 EPS), at which time my WTF sale price will be between $675-$700 and below
Looking further out, by Jan 2014 Earnings, my WTF sale price will be approximately $1200-1250 per share.
I expect apple to trade on average at least 10% higher than my WTF sale price within a month of each earnings announcement.
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Full Disclosure:
- Long Apple
- Pro: Apple HDTV, iPhone Air, Stock split, Consumer robotics -
No love lost between Apple and the NYT. Nah, not one bit:
http://www.nytimes.com/2012/04/29/business/apples-response-on-its-tax-practices.html
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
I do not have any idea what will happen tomorrow or this week.
I think I do have some clues about what will happen over the next, year, though.
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Burgess, GREAT post—thank you!!!
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Well, I guess this is _another_ kind of scoop:
http://online.wsj.com/article/SB10001424052702304868004577374272894249402.html
Google Street View Project - more than just pictures of roads!
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
I do not have any idea what will happen tomorrow or this week.
I think I do have some clues about what will happen over the next, year, though.
Thanks roni, this will go over great in the intraYEAR thread.
I say, up Mon and Tue, iffy Wed (up then down most likely), then likely back to option shenanigans. We have Friday and Mondays option action unknown ATM, so hopefully those weekly 630’s start showing some more interest from the riverboat gambler crowd…
May 19 options have an unusually large spread of calls. #1 is 600, #2 is 650 and #3 is 700.
Well that narrows it down, huh?
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We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007
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Interesting article over at Foss
http://www.fosspatents.com/
Google to court: Galaxy Nexus code is closed just like that of the iPhone -
I do not have any idea what will happen tomorrow or this week.
I think I do have some clues about what will happen over the next, year, though.
Thanks roni, this will go over great in the intraYEAR thread.
You’re most welcome
My positions have been getting adjusted accordingly
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Burgess, GREAT post—thank you!!!
Thanks mod
I don’t know anything about TA / Charts, but a share price of 10xPE + Cash seems like a good support level to me…for a company growing as fast as apple.
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Full Disclosure:
- Long Apple
- Pro: Apple HDTV, iPhone Air, Stock split, Consumer robotics -
For as long as fundamentals matter, that is.
For now, I’d say they do.
Signature
The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
Good reading from Jean-Louis Gassee (I don’t always agree with him, but I do on this one):
http://www.mondaynote.com/2012/04/29/apple-is-doomed-the-phony-sony-parallel/
[ Edited: 30 April 2012 12:00 AM by Mav ]Signature
The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve.
