Aapl 160$ by july 18th

[MrSer]

Lets see if my prediction is right. I'm playing 170$ puts I average down to 4.40 an option.

[Albert0373]

;)


http://www.socalbubble.com/wp-content/uploads/2007/02/crashfun.gif

[aiki14]

I am taking the exact opposite position, I think it's more likely we see $193 than $160 in your time frame.

[MrSer]

I see no catalyst to push it higher. All tech is slumping the economy is in a rough time and on top of that investor and consumer confidence is at an all time low. I would like to know why you think it will see 193$ it also just went under the 50 day ma.

[sjzeno]

i had been shorting aapl since it was at 187, i recently covered because i saw the dow at a triple bottom... i predict aapl to go to the 162 at least in the short term, but until it goes there i will wait it out and take my profit.

[aiki14]

I see no catalyst to push it higher. All tech is slumping the economy is in a rough time and on top of that investor and consumer confidence is at an all time low.

Here are a couple:

Microsoft is investing more heavily in it's business division that is benefitting from surging sales of Apple Inc. computers. (from the Dow Jones Newswire which I can't cut and paste here)

Telefonica preordered 300k iPhones today

SAP AG announced it is at work on a more powerful version of it's customer relationship products for the iPhone.

Piper Jaffray’s Gene Munster thinks Apple will do 12.9 million units, though next year he predicts that will more than triple to 45 million. (AAPL is sticking to it's 10 million unit prediction)

On the other side, the RIMM report took it's toll on AAPL and it is down $2.21 after hours after a nice gain during the session today.

[MrSer]

Here are a couple:

Microsoft is investing more heavily in it's business division that is benefitting from surging sales of Apple Inc. computers. (from the Dow Jones Newswire which I can't cut and paste here)

Telefonica preordered 300k iPhones today

SAP AG announced it is at work on a more powerful version of it's customer relationship products for the iPhone.

Piper Jaffray’s Gene Munster thinks Apple will do 12.9 million units, though next year he predicts that will more than triple to 45 million. (AAPL is sticking to it's 10 million unit prediction)

On the other side, the RIMM report took it's toll on AAPL and it is down $2.21 after hours after a nice gain during the session today.

Most of those are long term outlooks and in the long term I think this company will prosper, but I believe it will have difficulties this month.(The stock not the company)

[Riddicks]

How do you guys think the delay of Blackberry BOLD by AT&T is going to affect the sales. Do you think Apple had something to do with this (their Partnership with At&t), cause it seems like Bold might release here in Canada but just not in U.S till August or Sept at the earliest.

[aiki14]

I see no catalyst to push it higher. All tech is slumping the economy is in a rough time and on top of that investor and consumer confidence is at an all time low. I would like to know why you think it will see 193$ it also just went under the 50 day ma.

I actually don't make price predictions normally, but it was about the same distance above the price as your prediction was below it, as well as being slightly above the recent high of 192.24.

[cramerica1972]

I am taking the exact opposite position, I think it's more likely we see $193 than $160 in your time frame.aiki,AAPL has no new product to push the stock higher other than the 3G iphone,unless they can be the one to put the wireless internet into the GM or chrysler cars running off of the linux OS.Also who takes over when steve jobs leaves?

[MrSer]

Down 8 bucks today I believe it will close around 170.

[john_for_u80]

Down 8 bucks today I believe it will close around 170.

$NDX broke down. I would not be surprised to see AAPL at 150 below 200DMA.

Market is due for rally due to oversold situation but at the same time I am not able to see any signs of strength in DOW, S&P!

Are you holding NCOC, ICO?
Thanks!

[MrSer]

I sold out my whole ncoc position at 10.30, but added a lot the other day at the 9.20s. Looking for calls on JRCC a huge pull back for no real reason.

[MrSer]

Sold all my puts will reload tomorrow on bounce bought 220$ jul calls on pot for 9.70 eac for the bounce tomorrow(hopefully)

[aiki14]

Sold all my puts will reload tomorrow on bounce bought 220$ jul calls on pot for 9.70 eac for the bounce tomorrow(hopefully)

Good call on this Mr. Ser, my hats off to you. Still like AAPL long term but the trade was yours.

[MrSer]

Good call on this Mr. Ser, my hats off to you. Still like AAPL long term but the trade was yours.

8)

[numbers]

Are you holding NCOC, ICO?
Thanks!


Sold my ICO a few days ago to preserve profits.

[MrSer]

Dang PALM missed earnings its down a little more AH.

[computeraces]

Maybe it's just me, but at 170, I don't think it'll go down much further and I actually think it's a "buy" here. Especially if you wanted to buy some and sit back for about a year.

[numbers]

Maybe it's just me, but at 170, I don't think it'll go down much further and I actually think it's a "buy" here. Especially if you wanted to buy some and sit back for about a year.

I would wait a little bit longer. EMA(13) and EMA(50) on a 9-month chart looks like it's about to converge for a bearish trend. Additionally, MACD lines are also bullish right now.

[MrSer]

This dogs headed for 160$. I would buy qid or puts on QQQQ if you think apple options are a big expensive.

[wallstreetsedge]

hey ser...

you dont have to stick to just QID and QQQQ

there's also QLD :)


on aapl, i think it ends up around 145 but i think it goes to 180 before it heads back down

[MrSer]

hey ser...

you dont have to stick to just QID and QQQQ

there's also QLD :)


on aapl, i think it ends up around 145 but i think it goes to 180 before it heads back down

I got out of both apple and pot options for a healthy profit I am not touching this because I think there will be some sort of rebound next week. I have calls on AGU at strike price 110$ for july. I believe this stock is very undervalued and the MM's did a good job bringing it down to 102 today and picked up tons of shares. I believe this stock will be around 120$ by options expiration and this stock looks extremely good for a short term trade.(1-2 month hold)

[aiki14]

I see the new iPhone had way longer lines at the stores friday than expected and the expected wait for those who couldn't get one friday is 7-10 days. I think this will have a positive effect on the price this week. Shares are up moderately in the early premarket. There is so much extraneous data that effects AAPL that it is hard to play it on short term, but I am still bullish going forward long term.

[balkanboy]

I don't think AAPL will sink that low by July 18th. The new iPhones are in great demand, and the stores can hardly keep up with the demand. In fact the bigger than expected demand took me off gaurd. I think the stock will continue to tread around the $170-$180 mark, although I'd love to see a rebound in the mid 180's! :wink:

[MrSer]

My prediction was an over exaggeration, but it is closer to 160 than it is to 190.

[MrSer]

Good fight apple you tried. My agu puts will put a smile on my face tomorrow if it continues trading at these levels. :mrgreen:

[balkanboy]

I knew that AAPL would drop, but down to $149 in after hours trading??! :confused: I don't think its warranted, but oh well, that's the market. Any suggestions as to what would be a good entry point? Will AAPL trickle down to the $120's like it did back earlier in Feb. of this year? Suggestions, comments, and advice will be greatly appreciated. Thanks to all of you for your comments and advice. Keep up the great work and let's keep making money!:top:

[wallstreetsedge]

i doubt you see 120 but 145 here we come :P

most likey aapl will continue down to 137-142ish

[computeraces]

A good time to buy or average down your position if you are long term like me.

[MrSer]

Definitely not a good time to buy I would wait till the low 140s high 130s.

[aiki14]

The guys who run my large cap value portfolio added to AAPL this morning at $148. They are the same guys who run Goldmans Lg Val mutual fund. I would watch for block trades crossing after market to get an idea if they are moving in big or just chipping. Volume here will be very telling, the report was great and typically the guidance was horrible. Still they've beaten estimates 8 straight Q's. I think you could get a few percent on a trade here.

[MrSer]

The guys who run my large cap value portfolio added to AAPL this morning at $148. They are the same guys who run Goldmans Lg Val mutual fund. I would watch for block trades crossing after market to get an idea if they are moving in big or just chipping. Volume here will be very telling, the report was great and typically the guidance was horrible. Still they've beaten estimates 8 straight Q's. I think you could get a few percent on a trade here.

Great move. I Sold most of my puts during the morning cause i thought this rebound would happen.

[computeraces]

It went up $9 today since I posted the previous post. It was at 150, now 159. I don't think it's going much (if any) lower than $150 in the short term. Long term, I see 200 about a year from now or less.

[computeraces]

Ended up $12 from the time I said it was a good buy earlier today. But... it may go down that much tomorrow. who knows.

[statepkt]

any one else think it getting close to overbought at 165? Down day today?

[MrSer]

any one else think it getting close to overbought at 165? Down day today?

I wouldn't touch this the overall market is overbought imo.

[Baker Street]

Estimates for this stock are potentially out, how can they be so similar to last year estimates - pre-credit crunch? Consumer spending will slow, and as Apple themselves have noted, this year will be a struggle.

[wallstreetsedge]

i didnt even play aapl's rebound off of 146, i didnt think it would bounce that quickly and was looking to get in the next day... oh well

i did play bidu for earnings though!! yesterday morning/afternoon i traded a ton of august 300 calls, by theend of the day, i held onto 30 for earnings :santaclaus: oh, happy day!!

[aiki14]

The guys who run my large cap value portfolio added to AAPL this morning at $148. They are the same guys who run Goldmans Lg Val mutual fund. I would watch for block trades crossing after market to get an idea if they are moving in big or just chipping. Volume here will be very telling, the report was great and typically the guidance was horrible. Still they've beaten estimates 8 straight Q's. I think you could get a few percent on a trade here.

Sold the shares I bought at 148 at 162.22 this morning. 9+% net of fees in a 2 week period. Now looks to be extending the breakout.

[racingSK]

aiki14,

Now that AAPL is extending, what would you consider a good entry on jumping back in?

[aiki14]

aiki14,

Now that AAPL is extending, what would you consider a good entry on jumping back in?

I reduced a substantial position to take some profit but I am still letting the majority of the position run. I think it's a buy here on any pull back. If the market takes a breath tomorrow and you get a chance to buy under 162 I would jump on it, if the futures point up premarket buy at open. Still looks oversold on the daily chart and OBV is trending up. I'd be careful around 163.20 as that is the current pivot point with support at 158.99 and resistance at 168.39

[JMMARICH]

I picked this up at 156.22 and sold today at 163.91. I am tempted to do that very thing tomorrow if it hits 160ish.

--Josh

[wallstreetsedge]

i think AAPL should have a nice pullback to about 160 but i doubt it pulls under 157.50, if we get the retracement, might be a good buy to 178

[bounced]

I'm waiting for that pullback to begin so I can buy some puts

[aiki14]

I'm waiting for that pullback to begin so I can buy some puts

Why wait? They only get more expensive as the price goes down.
I am on the record as bullish on AAPL going forward, but it's always helpful to hear the opposite case, care to make it?

[wallstreetsedge]

i think we just need a technical pullback on aapl

dont get me wrong, im bullish on aapl but would like a pullback to 160ish to re-enter, optimally id like to get in as close as possible to 158

[racingSK]

Excellent guys, thank you.

[JMMARICH]

My bliss number is 155...but I don't have much faith of seeing that this week...but man 155 keeps bouncing around in my head.

--Josh

[Baker Street]

I am on the record as bullish on AAPL going forward, but it's always helpful to hear the opposite case, care to make it?

Don't you think this type of discretionary consumer spending has/will have to slow? With analysts estimates close to what they were last year. I think any downside could be brutal?

[aiki14]

Don't you think this type of discretionary consumer spending has/will have to slow? With analysts estimates close to what they were last year. I think any downside could be brutal?

I don't see AAPL as the typical "discretionary" spending, the brand loyalty among the less economically sensitive, and the coolness factor, makes them particularly resilient. They still have beaten estimates for 8 straight quarters. They are notorious for over delivering and under promising, as their repeated bad guidance and EPS beats indicates. That and a product pipeline that is the stuff of legend gives me confidence in them long term.

[wallstreetsedge]

i think aapl can make it to 180 before dying back down.. where do you think it tops off?

[JMMARICH]

Some interesting patents came through over the last couple of days. One included a touchscreen looking laptop. Interesting to me.

I totally agree on the marketing and brand loyalty. Right or wrong, its working. Go into a store. People light up like crazy. I am 30, and people I interact with who are in the 20's to people in the 50's are still buying. Hard time or not, everyone purchases some things out of the conservative. Apple is one of those things. Also, like the Razr a while back, I expect a ton more to have them. On top of that, Apple usually improves and impresses. This company is the one that got me interesting in purchasing stocks.

180 and I would be dumping to reset.

--Josh

[Rynn]

I am on the record as bullish on AAPL going forward, but it's always helpful to hear the opposite case, care to make it?

I'm a little concerned that they are saturating the market for high-end computers. You can only sell so many $1500 laptops. In the recent earnings call they stated that they expected lower gross margins going forward, which implies that they will need to cut prices as they gain market share.

That said, I'm holding on to my AAPL shares. The iPhone is doing really well. I might rethink my position in a year or so if Google makes a big push into the mobile phone market, but right now iPhone has no major competition.