Thread: Apple

AAPL only sold 35.1 million I phones in the last quarter and I think around 35% of those sales were in China. China has over 600 million people that may want an AAPL product - can you imagine.

Originally Posted by Birchtree

AAPL only sold 35.1 million I phones in the last quarter and I think around 35% of those sales were in China. China has over 600 million people that may want an AAPL product - can you imagine.

But how many of them can afford it. Not all of them can give a kidney for one...

Well, the parabolic SAR might like your trade for awhile, Tom:

saraapl.png

Originally Posted by tsptalk

OK, I just took the plunge at $561 this morning.

Yesterday's reversal day looked promising, but today's sell-off is concerning. At least I got in at a little lower, but I'm not crazy about the action this morning. Buy fear, sell euphoria, right?

A little follow-up on Apple. I am still in and in hindsight, I should have sold on Friday - the first day I could have because of the 3-day settlement rule. I would have been able to get out near $610.

Instead it is down to about $586 today. Still a fair profit, but obviously selling after the report would have been ideal. As a trader, I don't want this to turn into a buy and hold because of the drop. From a technical analysis viewpoint, it is actually getting very close to another nice risk/reward buy area.

The pullback is on light volume and it seems to be wanting to fill the open gap, which happens to be near the 50-day EMA. 575 looks like a good place to start buying, using a lower low (below $550) as a stop.

The fact that it couldn't get above the April high on that great report is a concern. But it seems like every time I sold Apple over the last few years, because it is underperforming, it would have been a good time to buy instead.

Good trade Tom. Here's Don's take on AAPL as of late.

Some Thoughts on the Apple - Traders-Talk.com

I believe he sees H&S patterns in his sleep, too.

Originally Posted by tsptalk

But it seems like every time I sold Apple over the last few years, because it is underperforming, it would have been a good time to buy instead.

Exactly why I've written it off. Always seems like it has to stop climbing making you want to sell anytime weakness presents. But, P/E is still totally reasonable and I don't know of a rational soul on the planet that thinks AAPL, as a whole company, is doing anything but growing. A perplexing stock.

Originally Posted by tsptalk

A little follow-up on Apple. I am still in and in hindsight, I should have sold on Friday - the first day I could have because of the 3-day settlement rule. I would have been able to get out near $610.

Instead it is down to about $586 today. Still a fair profit, but obviously selling after the report would have been ideal. As a trader, I don't want this to turn into a buy and hold because of the drop. From a technical analysis viewpoint, it is actually getting very close to another nice risk/reward buy area.

The pullback is on light volume and it seems to be wanting to fill the open gap, which happens to be near the 50-day EMA. 575 looks like a good place to start buying, using a lower low (below $550) as a stop.

The fact that it couldn't get above the April high on that great report is a concern. But it seems like every time I sold Apple over the last few years, because it is underperforming, it would have been a good time to buy instead.

I decided to sell this morning's rally. Out at 595.53.

I'll look to trade again if that gap gets filled near 570.

UPS Source Says Documents Reveal “Something Big Is About to Happen” With Apple

"An administrative assistant at a top U.S. brokerage firm that handles Intel and Apple’s ocean/air accounts has informed the iPhone 5 News Blog that “something big is about to happen.” The source provided me with the address and telephone number of where she works, and I was able to call and verify her employment at the brokerage firm."

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Originally Posted by tsptalk

I decided to sell this morning's rally. Out at 595.53.

I'll look to trade again if that gap gets filled near 570.

OK, took the plunge again on Apple after it filled the big gap. In at $569.38.

Originally Posted by tsptalk

OK, took the plunge again on Apple after it filled the big gap. In at $569.38.

Sold this morning @ 561.96. It just didn't get the pop off support I was looking for and has been pretty stagnant.

Probably a decent idea... live to fight another day my man.
Don't think this guy liked the look of things, either:

AAPL takes a hit and continues to deteriorate... - Traders-Talk.com