Let's start off the new year with one of the markets most talked about stock - Apple. What are your thoughts on Apple's next move?
:popcorn:
Attachment 710
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Let's start off the new year with one of the markets most talked about stock - Apple. What are your thoughts on Apple's next move?
:popcorn:
Attachment 710
Market watch has been resurrected!
I'm kicking myself for not selling my very substantial position at $700. That said, I think this stock makes it back to $700 after they report a better than expected holiday season. They poll all kinds of age groups from kids to adults and the bulk of the most requested holiday gifts are Apple products.
Im watching my family members under 6yrs old and over 60yrs old adopt Apple product as we speak. no one does it better, and until they do, I'm sticking with APPL.
I base this on nothing but my gut. I purchased my first iPod back in 2003 and within a week spent every penny I had on shares of AAPL. I was in college at the time and every last penny was a few grand. That few grand turned in to a downpayment on my house a few years later.
I have been loading AAPL aggressively in Dec and just again today. It is hard not to calculate apple going back to $650 in a month or two. It appears to be a no brainer. Apple is the temporary victim of it's phenomenal success.
I base this on nothing but my gut. I purchased my first iPod back in 2003 and within a week spent every penny on shares of AAPL. I was in college at the time and every last penny was a few grand. That few grand turned in to a downpayment on my house a few years later.[/QUOTE]
Great to have the willpower and foresight at that age to sacrifice for the future.
Apples PE is stupid low. If it closes above $595, don't blink because $700 isnt far away. Thats the problem with this stock, they will blow away holiday sales estimates and no analyst will account for those massive sales numbers even though they do it every friggin year.
My portfolio is completely overweight in AAPL and I recently added to my position.
Maybe Apple decides to drop back into the channels and start a grind back upwards
Attachment 714
Do you follow these guys? http://www.asymco.com/2013/01/07/est...-2013-quarter/
They are typically suprisingly accurate but, I haven't followed them in the last year or so. I remember them getting blowout quarters correct when the street was grossly underestimating. Its worth a read. And you'll like their charts ;)
If you like to judge a stock on a collaboration of intput, you should at least read their users comments following their earnings articles.
Try to figure out Apples sales figures can be a nightmare, these guys are pretty good at it.
So, Apple got killed today because of a cut in iPhone part order but, what if they over ordered to begin with? What if they are busy developing and building the iPhone 6?
A run past $700 was likely unsustainable but, I just don't see how this is a sub $500 stock.
BTW, number products is a bad idea. iPhone 11? Dumb.
Agree with you Buzz, cutting part orders can be for a lot of reasons, found it cheaper, new product development and phasing out old, etc. I think it is another over-reaction and an over sold situation I just had to buy into. Earnings next week will be interesting, even more so now that I am definitely going to hold through then.
http://seekingalpha.com/article/1110..._article_title
I think a BIG positive, $15 profit/share quarter is coming next week
for some reason I remember 486 as an important level for aapl, maybe there is a gap there, maybe even 435 rings a bell.
The iPhone is actually why I hold a position in VZ. The Apple news doesn't jive with Verizons activations or iTunes registrations.
According to the P&F chart, AAPL is in the midst of a triple bottom breakdown which to me means there's further downside for the sp. The sp has support at 484.but if it breaks that level, watch out below because the next support level is at 392.
David
Yoda, there is a gap that could offer support also. Currently with yesterday's close, apple sits right above the neckline.
Attachment 733
Here's a symmetrical triangle pattern for Deckers that I threw a little coin at. I'm playing the rebound to the top and anticipating an upwards breakout out of the triangle based on the volume patterns. Breakouts always need confirmation though. DYODD
Attachment 734
Limit - in your chart you state "a break below the neckline on above average volume would confirm the head & shoulder pattern with a target of approx $415". Does that mean that the break has to be done with the closing sp or can it be done with the High/Low sp? It appeared as is if came close if not actually broke thru on the low of yesterday, which is why I ask.
David