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AAPL Intraday Updates - Archive
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WTF is up with the volume today in AAPL? It is beyond anemic!
Lots of distribution in progress. I think lots of funds and retail were caught by surprise by this AAPL earnings + guidance. Already up there on Money flow - Selling on Strength list, maybe not much - 65 MM in Block trades which got retail suckers.
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The past few Weekly OE Fridays have been quite forgiving to AAPL. Today is actually special. I would’ve never expected a 9 point rise two days after what was considered to be one of Apple’s biggest f#*kups. I see some correction happening next week.
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Rhetoric from so called Europe leaders means NOTHING. That has been the foundation of 2 day rally. :bugeyed:
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I’m selling into this rally. WS can choke on their AMZN stock.
That bounce down off 583.50 was all me (sold). Took 20K loss. Will make it back from 550’s or lower. Awaiting for the next pop to close out the other account. Win some lose some. Its the guidance that gives me no hope for any further strength. Also if you notice Mondays have been gap downs. plenty of opportunities if you sit on cash.
Are you sure about that? Last couple of months we’ve been more up than down on Mondays. WWDC was one exception.
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I’m selling into this rally. WS can choke on their AMZN stock.
That bounce down off 583.50 was all me (sold). Took 20K loss. Will make it back from 550’s or lower. Awaiting for the next pop to close out the other account. Win some lose some. Its the guidance that gives me no hope for any further strength. Also if you notice Mondays have been gap downs. plenty of opportunities if you sit on cash.
Are you sure about that? Last couple of months we’ve been more up than down on Mondays. WWDC was one exception.
I’ve also noticed this. And if you look back at the share prices four or five days after earnings, we usually see a bounce. Usually but not always.
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Hmm. If Nasdaq crosses 3000 we could see continuation. Not shorting AMZN yet. That’s a runaway chart.
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The Summer of AAPL is here. Enjoy it (responsibly) while it lasts.
AFB Night Owl Team™
Thanks, Steve. -
Well I did it.
For the first time in about year I sold shares at 584.22 for a profit of $24K.
We could move up again in Monday, but at this point I don’t care to grab the top. I do think we will correct at some point by middle of Sept. I will buy back some shares with increased margin from Ameritrade just to get the dividend, but more importantly I just wanted to get the cash for LEAPS.
Will buy some Jan14 LEAPS in the next week or so. We are seeing a great sale on those and in one year I should cash those in for 500% profit. :-D
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we really need to break 580 today and start getting into that huge earnings GAP…..if not 550 is not that far off…
jmho
We will not close above 580. 10,000 calls say so.
As I said on Wednesday, a 575-580 pain range.
But look at the volume on the 580 calls at nearly 5x the OI.
It’s looking like volume wins this time, unless AAPL drops in the last 5 minutes.
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The only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. — Steve Jobs
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This is awesome, if it holds. Only ~$15 off our pre-earnings price - and breaching a 10K wall of 580 calls* - 3 days after a big “miss”? I hate to even talk about it, for fear of jinxing it.
Monday will tell us a lot about where this stock is going. Were we caught up in today’s overall market, held up by puts, or, dare I say, are we being treated like any other stock? The last of those would be a good thing. Last quarter might not be Appleian, but by any other metric, it does not warrant a paltry 13.xx P/E.
Maybe the silver lining to last quarter’s earnings (edit: and the previous miss in Q4) is that expectations have been permanently lowered. Apple is human after all. Maybe we’ll no longer need grand slams every quarter to be properly valued. Perhaps triples and home runs will suffice?
Dare to dream…
*We’ll never know what the real open interest was today. Thursday’s numbers are all we get. But to be clear, I am pleased to be wrong about today’s close!
[ Edited: 27 July 2012 04:59 PM by JDSoCal ]Signature
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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Coming up on my 1 year anniversary of trading apple. When I first started trading apple nearly 1 year ago I was only thinking about short term swing trades. After many trades I have come to the conclusion that short term day to day is nearly impossible to predict and long term apple is a great stock to own. Apple is down a little over 20 dollars from before earnings, and that is not bad at all. My returns have been fantastic, If I would have just held on and not traded my returns would have been a lot better.
Im not complaining though. Apple is a very very forgiving stock to trade. You make a mistake all you have to do is wait a while and you get your money back. Im talking about buying stock not options though.
My focus will now be more long term. I dont have a lot of shares only 23 but no margin.
Im very glad I found this board nearly 1 year ago
Way to go, Nate! Good to see you sticking it out despite the naysayers.
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The only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. — Steve Jobs
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Well I did it.
For the first time in about year I sold shares at 584.22 for a profit of $24K.
We could move up again in Monday, but at this point I don’t care to grab the top. I do think we will correct at some point by middle of Sept. I will buy back some shares with increased margin from Ameritrade just to get the dividend, but more importantly I just wanted to get the cash for LEAPS.
Will buy some Jan14 LEAPS in the next week or so. We are seeing a great sale on those and in one year I should cash those in for 500% profit. :-D
Congrats on the big step into options, and good luck!
Signature
The only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. — Steve Jobs
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This is awesome, if it holds. Only ~$15 off our pre-earnings price - and breaching a 10K wall of 580 calls* - 3 days after a big “miss”? I hate to even talk about it, for fear of jinxing it.
Monday will tell us a lot about where this stock is going. Were we caught up in today’s overall market, held up by puts, or, dare I say, are we being treated like any other stock? The last of those would be a good thing. Last quarter might not be Appleian, but by any other metric, it does not warrant a paltry 13.xx P/E.
Maybe the silver lining to last quarter’s earnings (edit: and the previous miss in Q4) is that expectations have been permanently lowered. Apple is human after all. Maybe we’ll no longer need grand slams every quarter to be properly valued. Perhaps triples and home runs will suffice?
Dare to dream…
*We’ll never know what the real open interest was today. Thursday’s numbers are all we get. But to be clear, I am pleased to be wrong about today’s close!
lol…585+....jd you are right….all things considered not a bad way to close out the week….
lets hope no european country blows up over the w/e
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All covered up, back to being long.
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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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Jason Schwarz is thinking that “the AAPL post earnings selloff officially ended today”, and he laid down another 10% of his stash to buy October calls.
Time will tell.
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Amazon is seen as expanding their vendor footprint where as Apple is seen as maturing.
That is probably the lamest explanation as to why Amazon receives a P/E multiple 20 TIMES Apple’s. The markets in which Apple operates are hardly maturing (i.e. smart phones and tablets). Further, Apple’s opportunity in enterprise on an international scale further disputes the “mature industry” you cite.
Amazon is held up by the Hedge Funds and TA and just sheer ignorance. It’s truly shocking to me that there is so little analysis or commentary that might include comparisons between a company (AMZN) that reported $100M for the entire quarter vs. another (AAPL) that reported $100M profit EACH day in the same quarter. And I don’t care how many bags of pretzels you buy from Amazon.
The stock market is a den of thieves inside a casino and too many are content to look the other way. I’m glad I have a job and don’t watch this hour-by-hour or minute-by-minute. For me, it would be an empty way to spend a day.
