AAPL Intraday Updates - Archive

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    Posted: 10 August 2012 04:19 PM #316

    I don’t know whether to go long or short here!  I bought a bit at the $60x range and sold half this week.

         
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    Posted: 10 August 2012 04:42 PM #317

    Phoebear611 - 10 August 2012 04:47 PM

    Can you believe this…David Faber reported that JPM is sponsoring a few meetings for FB management today with large institutions in order to get them motivated/interested to buy stock because a ton of stock is coming to market on the 16th and they are trying to support it!

    WTF! Why on earth would any of these people (institutions) buy it in front of what seems to be a tsunami of stock hitting the market on an overvalued stock not just next week but in the months ahead?! I can’t even believe FB is still above $20!  It’s insane!

    I sold my small position in FB.  Ignoring taxes, I made enough to buy 1/2 mac book air.  I think that the upcoming stock releases may not be as bad as it seems.  There will be selling but maybe a lot of it will be held back for a higher price.  I think there is opportunity to make money with FB options for short term traders. But right now, I will sit out and see which way the wind blows.

         
  • Posted: 10 August 2012 04:47 PM #318

    Nevyn - 10 August 2012 07:42 PM
    Phoebear611 - 10 August 2012 04:47 PM

    Can you believe this…David Faber reported that JPM is sponsoring a few meetings for FB management today with large institutions in order to get them motivated/interested to buy stock because a ton of stock is coming to market on the 16th and they are trying to support it!

    WTF! Why on earth would any of these people (institutions) buy it in front of what seems to be a tsunami of stock hitting the market on an overvalued stock not just next week but in the months ahead?! I can’t even believe FB is still above $20!  It’s insane!

    I sold my small position in FB.  Ignoring taxes, I made enough to buy 1/2 mac book air.  I think that the upcoming stock releases may not be as bad as it seems.  There will be selling but maybe a lot of it will be held back for a higher price.  I think there is opportunity to make money with FB options for short term traders. But right now, I will sit out and see which way the wind blows.

    if it wasn’t hundreds of millions of shares being released.. FB could well crash down to single digits.

         
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    Posted: 10 August 2012 05:02 PM #319

    What a boring yet interesting day. Closed neatly above 620 on skimpy volume.  I think this sets up well for next week…

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    AAPL: to boldly go where no stock has gone before

         
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    Posted: 10 August 2012 05:02 PM #320

    I’ll take that close!

    Momo’d up with Oct 12.  Wish me luck, if you like.

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    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Teamâ„¢
    Thanks, Steve.

         
  • Posted: 10 August 2012 05:08 PM #321

    Red Shirted Ensign - 10 August 2012 08:02 PM

    What a boring yet interesting day. Closed neatly above 620 on skimpy volume.  I think this sets up well for next week…

    Agreed.  Close above $620 is bullish.  Sentiment > Max Pain.

         
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    Posted: 10 August 2012 05:12 PM #322

    Mav - 10 August 2012 08:02 PM

    I’ll take that close!

    Momo’d up with Oct 12.  Wish me luck, if you like.

    Good luck, momo Mav….!

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    AAPL: to boldly go where no stock has gone before

         
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    Posted: 10 August 2012 05:25 PM #323

    Uber-bullish melt-up mode!! smile

         
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    Posted: 10 August 2012 05:25 PM #324

    Nevyn - 10 August 2012 07:19 PM

    I don’t know whether to go long or short here!  I bought a bit at the $60x range and sold half this week.

    Sidelines. smile

         
  • Posted: 10 August 2012 05:29 PM #325

    Gregg Thurman - 10 August 2012 06:35 PM
    Mercel - 10 August 2012 06:00 PM

    Anemic volume.  The EO have not only left for the Hamptons, they’ve turned off the machines.

    Yeah, and AAPL looks to be pinned right at $620.00.  With the volume such as it is, I’m inclined to close all of my positions (including next week’s expiry) before the Close today.

    I did it.  Closed all positions near the intraday high just before market close.  Placed order to Open AUG $605/$610 BCSs at $3.75.  If filled will still have >50% in cash.

    [ Edited: 10 August 2012 05:33 PM by Gregg Thurman ]

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    Posted: 10 August 2012 05:31 PM #326

    Good for you, Gregg!!  It’s not like you can’t get back in whenever you want, should you get new info. 

    I’ve shoved everything out to APR’13 (besides some short-term hedges). smile

         
  • Posted: 10 August 2012 05:49 PM #327

    lovemyipad - 10 August 2012 08:31 PM

    Good for you, Gregg!!  It’s not like you can’t get back in whenever you want, should you get new info. 

    I’ve shoved everything out to APR’13 (besides some short-term hedges). smile

    I may have made a mistake (hindsight issue), but I’d rather lose a little by not being in, than a lot by AAPL suddenly going south, hence the nature of my Order to get back in.  The way AAPL is trading since earnings, I’m taking a much more conservative attitude towards my trading.

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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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    Posted: 10 August 2012 06:50 PM #328

    I’m always more conservative after a 50-point pop…and more aggressive after a 50-point drop. smile

    So if we’re dealing with 100-point ranges going forward, I may be too early on both fronts.

    [ Edited: 10 August 2012 07:13 PM by lovemyipad ]      
  • Posted: 10 August 2012 07:55 PM #329

    lovemyipad - 10 August 2012 09:50 PM

    I’m always more conservative after a 50-point pop…and more aggressive after a 50-point drop. smile
    .

    Huh?

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    Posted: 10 August 2012 08:03 PM #330

    Gregg Thurman - 10 August 2012 10:55 PM
    lovemyipad - 10 August 2012 09:50 PM

    I’m always more conservative after a 50-point pop…and more aggressive after a 50-point drop. smile
    .

    Huh?

    If we have a run up of 50 points without pulling back, I am wary of adding to longs.

    If we have a drop of 50 points without an oversold bounce, I want to buy everything in sight.

    Obviously, I am not a momentum trader! :D

    [ Edited: 10 August 2012 09:12 PM by lovemyipad ]