AAPL Intraday Updates - Archive

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    Posted: 17 August 2012 01:30 PM #436

    Tetrachloride - 17 August 2012 04:13 PM

    644.50 ATH

    We made a run to +1 above this.  Back to 644.50 but edging up again.

    What was that question again ?  Which comes first, 610 or 630.

         
  • Posted: 17 August 2012 01:40 PM #437

    lovemyipad - 17 August 2012 04:28 PM

    161.8% extension reached.  On divergence.

    So is there pullback now or is there another confirmation we need?

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    Keep Calm and Carry On

         
  • Posted: 17 August 2012 02:18 PM #438

    Phoebear611 - 17 August 2012 04:40 PM
    lovemyipad - 17 August 2012 04:28 PM

    161.8% extension reached.  On divergence.

    So is there pullback now or is there another confirmation we need?

    once you’re in the rare air of ATH, there are no sure bets.
    There is no resistance above and no telling if pullback may happen.

         
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    Posted: 17 August 2012 02:43 PM #439

    Well, AAPL _will_ go down.  The when/how much/how long is always the tough part. 

    Staying a bit cautious.  Sold my swing trade about an hour into the open.  Gotta try not to get caught chasing strength.  Apr 13 BCS core trade is still on.

    Like iPad says:  Never again…again. wink

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

         
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    Posted: 17 August 2012 02:50 PM #440

    Red Shirted Ensign - 17 August 2012 01:57 PM

    I did not expect the ATH on option expiration Friday with all the EO tricks in the works….

    Mama Mia..

    EOs still win if we go by max call OI.  But I didn’t need 650 today and I’m pretty sure the rest of us didn’t either. 

    Congrats to the longs!!  Extra ! because we’re at a new intraday ATH…hopefully AAPL can mint a new closing ATH in a couple hours.

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

         
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    Posted: 17 August 2012 02:59 PM #441

    Phoebear611 - 17 August 2012 04:40 PM
    lovemyipad - 17 August 2012 04:28 PM

    161.8% extension reached.  On divergence.

    So is there pullback now or is there another confirmation we need?

    Just watch…  It’s ain’t over ‘til it’s over! :D

         
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    Posted: 17 August 2012 02:59 PM #442

    Plenty of support around 644….so nice to see the interest on a lazy summer Friday with volume doing fine…

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    AAPL: to boldly go where no stock has gone before

         
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    Posted: 17 August 2012 03:01 PM #443

    And YES, to everyone sitting on cash.  It’s HARD!!!

    But as hard as this is…it’s a whole lot harder to watching green turn less green…then red.

         
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    Posted: 17 August 2012 03:19 PM #444

    iPad…161.8% on divergence?

    English, please?  Expansion of which move?  The dreaded red flag bearish divergence?

    Relative strength irrelevant because of volume traded on the move?

    Signature

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

         
  • Posted: 17 August 2012 03:21 PM #445

    lovemyipad - 17 August 2012 06:01 PM

    And YES, to everyone sitting on cash.  It’s HARD!!!

    But as hard as this is…it’s a whole lot harder to watching green turn less green…then red.

    Agree!  And, it really hurts when you lock in the red to stop the bleeding.  I learned this lesson the past 2 earnings reports, the hard way.  Cash is good.  It gives one confidence and peace of mind to take advantage of buying opportunities.  Chasing because your panicked about the bus leaving the station is a mindset that that the EO’s want you to have so they can take advantage of you, and it is a less than optimal purchasing strategy.

         
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    Posted: 17 August 2012 03:24 PM #446

    1. Volume respectable -  check
    2. Rumor mill cranking - check
    3. Anything possible in the short run - check
    4. Anything possible in the short run - double check with a bonus check-a-rooni
    5. AAPL bears having a hard time. Special check

         
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    Posted: 17 August 2012 03:34 PM #447

    This looks good. 

    No afternoon sell-off yet.  Edging up for pennies…..    hold hold hold

    ATH ......... TAG

         
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    Posted: 17 August 2012 03:35 PM #448

    lovemyipad - 17 August 2012 06:01 PM

    And YES, to everyone sitting on cash.  It’s HARD!!!

    But as hard as this is…it’s a whole lot harder to watching green turn less green…then red.

    Thanks for being a voice of reason around here.  It helps to see that even the experts have a tough time sitting on cash.  I lightened up today (was basically 100% long, now only 80%, 20% cash), and although it feels like I could leave some cash on the table, if I did nothing, and AAPL still ended up over $700 by January (a virtual certainty, I think), I’d still get to 3x of my portfolio ATH (which I’m very close to now, finally!).

    To help with that feeling of leaving cash on the table, I also wired some money out.  New toys, mountain bike and track car, will help keep me distracted for the next few months smile

    [ Edited: 17 August 2012 03:57 PM by mjuarez ]      
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    Posted: 17 August 2012 03:58 PM #449

    646, friends.

    Time for a new round of coffee.

         
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    Posted: 17 August 2012 03:59 PM #450

    mstefa - 17 August 2012 02:06 PM

    when I sold 1/3 of my position the other day I was thinking the same. left some nice gains out there but you can’t be a pig. Nobody went bust by taking profits.

    True, but sometimes it’s part of a larger pattern of taking profits too early and then buying back higher only to sell at a loss later, taking losses that outweigh profits. This is especially the case with straight options.

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