AAPL taking out the 52 week high right now

[BOOOYAHOOO!]

Taking out the 52 week high right now. Jan put players should wait until the high for this move (currently 55.96) is breached. Short termers can still play the Nov 55's.

[gtg657g]

Thank you AAPL....got in at 49, out at 55. Bulls make money and the hogs will get slaughtered :lol:

[BOOOYAHOOO!]

I'm showing a high trade of 56.30. But I don't show that high on the chart. Must have been somebody playing it safe with a market buy "if and only if" AAPL broke out. I guess when they couldn't take seeing AAPL run away from them on the stealth move to 55.95 they finally pulled the trigger! Congrats to the guy who had the sell limit at 56.30 to fill that guys last market order! :lol: Either that or they are telling us ahead of time where exact top on AAPL will be :?

[BOOOYAHOOO!]

Jacob It's time! Take the bid price on the Jan 45's. Now at .75. Set it. Forget it! :wink:

[jacobnbr1]

i got the order in waiting for fill. :mrgreen:

[BOOOYAHOOO!]

Good! I think the next atomic drop in crude will send the Naz up sometime later today. Right now AAPL back below 56.00 but you should get your order covered on any Naz strength. When this pig starts fallin I don't want you to just sit there and go WOW! I want you to remember who brought this play to you, then you can go WOW! :lol: In the meantime you can go ahead and check your charts to see if you can pick up the clues that told me what is going to happen. Look at OBV, +50 million+ on the Bigcharts.com 10 day chart. It don't get no more rabid than that. Also, notice how the RSI made a lower high as the price made a higher high. Always a good clue. I'll make a killer outta you yet! :lol:

[jacobnbr1]

Good! I think the next atomic drop in crude will send the Naz up sometime later today. Right now AAPL back below 56.00 but you should get your order covered on any Naz strength. When this pig starts fallin I don't want you to just sit there and go WOW! I want you to remember who brought this play to you, then you can go WOW! :lol: In the meantime you can go ahead and check your charts to see if you can pick up the clues that told me what is going to happen. Look at OBV, +50 million+ on the Bigcharts.com 10 day chart. It don't get no more rabid than that. Also, notice how the RSI made a lower high as the price made a higher high. Always a good clue. I'll make a killer outta you yet! :lol:
ok i see rsi declining,im not sure what you see on obv, maybe going sideways? and im not getting a picture on the charts itself , just looks to be at a alltime high.:?

[BOOOYAHOOO!]

Jeesh! You does have a ton of chart learnin ta do. Make my cut of da profits 20% instead of 10%!! :lol:

[jacobnbr1]

Jeesh! You does have a ton of chart learnin ta do. Make my cut of da profits 20% instead of 10%!! :lol:
well... i am reading some books on chart readings. :)

[jacobnbr1]

the obv turned down... that is a sighn of a weak trend or rally

[jacobnbr1]

i didnt get filled, did you? also i have read the obv indicator application and use guide and it totally looks bullish to me based on how they tell you how it works. although it did turn down and volume is declining. maybe i have the frequency time not accurate. can you help?

[BOOOYAHOOO!]

Keep that limit open. I saw last trade at .75 for 1000. I was hoping that was you. Then the bid went to .80. You may have missed the boat but I'll see what I can do! :wink: Of course I can help! But I don't work cheap! :lol:

[paydabill]

Apple is very bullish right now. It broke a high trend and is making gains on moderate to high volume. Plus it is going against the index.

I have been watching it for a little while and was waiting it to break out of $55. Once it did I new a new rally could start. The true sign will be the support it gets tommorow. I ma hoping for a better day, outside of Apple and a recent chart pick up on Dicks - i am seeing nothing but red.

[jacobnbr1]

Keep that limit open. I saw last trade at .75 for 1000. I was hoping that was you. Then the bid went to .80. You may have missed the boat but I'll see what I can do! :wink: Of course I can help! But I don't work cheap! :lol:
i got some edollars :mrgreen:

[BOOOYAHOOO!]

:lol: I've got plenty of e$ meself. Gimme a jangle when you get your total up to $1000000. 8O

[BOOOYAHOOO!]

Looks like its all about GOOG and SNDK today. Most other techies are not riding the wave of enthusiasm. AAPL for instance is right now trading only .01 above yesterday's high in premarket trading. So get those orders to buy Jan 45 AAPL puts in early! :D The estimate I made about how much higher the Naz would open is close to being right on target, and it was only a guess! :lol: With the fair value down 1.50 at the close last night and the futures up 5 (based solely on the GOOG and SNDK blowoff ramp I'm sure) the Naz could confirm all tops before noon today. That would be a tremndous mistake by the bulls. I see crude is down below 60.00. If it closes that way I win me $50 bet I made with the local BP mini mart owner who said crude goes to $80 before it goes below $60 on a closing basis. I made that bet the day after New Orleans flooded. You know me! A true contrarian at heart! :lol:

[jacobnbr1]

by the sounds of your predictions, me thinks you build your own a/d line or mfi indicator. it would take a guy a little time to do it but this is what i think. am i right? :D

[jacobnbr1]

Looks like its all about GOOG and SNDK today. Most other techies are not riding the wave of enthusiasm. AAPL for instance is right now trading only .01 above yesterday's high in premarket trading. So get those orders to buy Jan 45 AAPL puts in early! :D The estimate I made about how much higher the Naz would open is close to being right on target, and it was only a guess! :lol: With the fair value down 1.50 at the close last night and the futures up 5 (based solely on the GOOG and SNDK blowoff ramp I'm sure) the Naz could confirm all tops before noon today. That would be a tremndous mistake by the bulls. I see crude is down below 60.00. If it closes that way I win me $50 bet I made with the local BP mini mart owner who said crude goes to $80 before it goes below $60 on a closing basis. I made that bet the day after New Orleans flooded. You know me! A true contrarian at heart! :lol:

filled the order.

[BOOOYAHOOO!]

Good job Jacob! Or should I say....GOOG job? :lol: Once again we need to thank Jim Cramer for the bounty that we are to recieve. To answer your question about a/d lines and udder crap. No! I doan do any of that. And there would be no need to keep guessin bout what I do. It took me 4 years to figure it out and I promise you will not be able to figure out what I figured out all by my lonesome! :wink:

[jacobnbr1]

the nasdaq needs to touch 2093 and me thinks we start fallin

[BOOOYAHOOO!]

It needs to take out 2096 and change. Let's see if they can get er done before noon like I thunk they would. Let's see if Cramer gets his 350 on GOOG! You saw my prediction at the other site? 349.99! :lol: There will be NO safe havens this time. And if 2000 doesn't hold I refuse to guess where the bottom comes in. But I think it might come in by sometime next week. I told you the sectors I like. Homeland security and select golds. My fav hs plays, CNLG, SSPI, ALAN, STKR. My favorite gold plays are KRY, NXG, CAU,, BGO, and I also like PAL although it isn't gold. Amazing stuff huh? Even in the energy sector there should be stuff doublin as other stuff gets cut in half! I luv this game! :lol: Hold your AAPL shorts to 25.00 even though you were planning on covering at 35.00. The estree 10.00 is fo me! :lol:

[jacobnbr1]

the dji sneaking down to gain support...

[jacobnbr1]

looks like the dow found support and is heading back up. think the dow will help little brother nasdaq out? :?

[BOOOYAHOOO!]

Beats me! I don't follow the Dow too closely except to say the longer term chart looks like a double top forming.

[jacobnbr1]

i see it on the chart now of aapl :lol: i dont know what the pattern is called but i see it. and we are waiting for the nasdaq to do the same. one question. why did apple go higher today when it was confirmed :?

[BOOOYAHOOO!]

That question will take me 5 minutes to answer. My rate is $50/hr in real $$$, not playdough! Please credit my account for the appropriate funds. I accept cash, bisa, matta cawd, store gift cawds. But I don't accept Amaricone Distress. Sorry! :lol:

[jacobnbr1]

you are good. you are good. i will have to take my hat off to you on that one. i was just lastnight reading through ths same stuff and just now pulled the chart up on appl and it gave me a shinner. funny thing was i have been folowing the pattern on nasdaq waiting to see what happens. i still didnt confirm the obv reading. i think it was turning down. :idea: :mrgreen:

[jacobnbr1]

That question will take me 5 minutes to answer. My rate is $50/hr in real $$$, not playdough! Please credit my account for the appropriate funds. I accept cash, bisa, matta cawd, store gift cawds. But I don't accept Amaricone Distress. Sorry! :lol: hey. dont forget about paypal!
50 an hour. how we going to keep track of how much time is teaching vs chat time?

[BOOOYAHOOO!]

Don't worry. To every problem there is a solution! :wink: Looks like da bulls may be coming to their senses and not taking out the 2096 Naz high. Atleast it appears it may not happen today. But there's still time for them to mess up. :D

[jacobnbr1]

sooo. if i am so busy confirming the trend how will i be able to trade? i mean this pattern seems to go on and on here.wouldnt it be easier to back out on the chart and cut down on the noise? or are we just in a choppy market or toppie as it apears to me? :mrgreen:

[paydabill]

Looks to me that Apple has found some support at 55.50 It covered the double peak and traded well. Even with option sell off.

[Prodigy]

Word!

[BOOOYAHOOO!]

Looks like AAPL had better giddyup! GOOG too! I show a +18 million OBV for AAPL on one charting service I use and +50 million OBV on another, both 10 day charts. That means you guys are willing to pay the axing price. How's a come ya's can't get it to move higher? If I were you I'd be prayin real hard that they don't decide to unwind all of that positive OBV and turn it negative. Care to guess how many points that would be in the price of the stock? I would, but I wouldn't wanna skeer ya! :lol:

[paydabill]

Isnt the OBV suppose to reflect the sale and purchase? SO as the Option sell off is happening there are people willing to pick them up. THat would be verry bullish. I think it will depend on the NAZ, but I believe it has a run in it still. Not a 10 point run, but I could think that it will hit $60 in the near term.

Booyahoo - am I right about the obv?

[BOOOYAHOOO!]

Actually, the OBV simply measures the volume sold at the bid price as opposed to the axed price, it is a great sentiment indicator, in general, under normal market conditions an OBV of +1000 is about the top of the range, but at times when investors believe the story behind a stock it is obvious to assume that they would be more than willing to buy at the market price and thus pay the axed price, that is the case with AAPL, in the past 10 days there has been net trades of 18 million to the asked price, yet the stock price hasn't done much, especially the past 4 days after the big spike which basically doubled the OBV number last week, the consensus is still buying the stock, the price is barely moving, the crowd is all in the theater, let's hope somebody doesn't yell FIRE! :lol: If I was you I'd hang close to the exit :wink:

[jacobnbr1]

how many times do i have to tell aapl it is not going to break 56.98...

[jacobnbr1]

soooo. i gues we need to make another top.

[BOOOYAHOOO!]

Actually Jacob, the VIX needs to make another bottom. :wink: Ya skeeered?! :D

[jacobnbr1]

:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: i aina skeard a anything... just would like to get the show on the road. i am kinda board at the moment and see no progress. me wants progress :lol:

[BOOOYAHOOO!]

Ahhhhh, patients doctor. Remember, there has never been a major market tumble on a Tue, Wed, or Th. But when da black Fri comes, oooooh the humanity! :D Doanchu worry, you'll be rich by Christmas, then you can buy me a nice gift! :wink: Check out the OBV on AAPL right now. It actually fell from 18 mil to 12 mil! Even as AAPL made a new high! Tell me what that means and you will be ready to leave the temple, to go get me a large coffee! Cream and sugar please! :D

[jacobnbr1]

looks like gte is helping me out here. what in the world went wrong with that setup? i use that setup all the time and they normally go...wtf

[BOOOYAHOOO!]

GTE helping you out?!! Nothing wrong with the setup except that it rose 35% above the last major support area at 1.55, confirmed all price and trend tops with higher highs, put in no signal that even higher highs were due, and it wasn't even finished getting deeeeestroyed when it traded to recent low. It'll get over it though. As soon as it trades to like .95! YIKERS!

[jacobnbr1]

:? :? :? :? :lol:

[jacobnbr1]

GTE helping you out?!! Nothing wrong with the setup except that it rose 35% above the last major support area at 1.55, confirmed all price and trend tops with higher highs, put in no signal that even higher highs were due, and it wasn't even finished getting deeeeestroyed when it traded to recent low. It'll get over it though. As soon as it trades to like .95! YIKERS!

well what makes one desire to have a new high and higher highs? no over head?

[jacobnbr1]

GTE helping you out?!! Nothing wrong with the setup except that it rose 35% above the last major support area at 1.55, confirmed all price and trend tops with higher highs, put in no signal that even higher highs were due, and it wasn't even finished getting deeeeestroyed when it traded to recent low. It'll get over it though. As soon as it trades to like .95! YIKERS!
i use a standard text book setup from a class book. i dont get it. the down trend bar was breached with all tech indicators positive, this looked like a reversal to me?

[BOOOYAHOOO!]

Good news/bad news for this pig of a stock AAPL. The good news is that it is selling off after a sell signal, that's bullish. The bad news is that if it breaks below 54.00 the ensuing rally that verifies the good news will not take it above 56.00. Then it is gonna squeal like the pig that it truly is! All the way to 25.00 before it ever sees these levels again. actually, it'll be a teenager before it ever sees these levels again. Wouldn't it be great if we could all turnback time? I think so. :D

[jacobnbr1]

Good news/bad news for this pig of a stock AAPL. The good news is that it is selling off after a sell signal, that's bullish. The bad news is that if it breaks below 54.00 the ensuing rally that verifies the good news will not take it above 56.00. Then it is gonna squeal like the pig that it truly is! All the way to 25.00 before it ever sees these levels again. actually, it'll be a teenager before it ever sees these levels again. Wouldn't it be great if we could all turnback time? I think so. :D
and if dont break 54.00? the high is not set?

[BOOOYAHOOO!]

Trust me, anybody who bought at 57.00 or higher already has their limit sell orders in just hoping to get even. They won't!

[jacobnbr1]

Ahhhhh, patients doctor. Remember, there has never been a major market tumble on a Tue, Wed, or Th. But when da black Fri comes, oooooh the humanity! :D Doanchu worry, you'll be rich by Christmas, then you can buy me a nice gift! :wink: Check out the OBV on AAPL right now. It actually fell from 18 mil to 12 mil! Even as AAPL made a new high! Tell me what that means and you will be ready to leave the temple, to go get me a large coffee! Cream and sugar please! :D

can mean several things... 1. being no one is willing to pay the axe price. 2. the stock is extreamly overvalued. 3. the stock is outperforming the market as it declines.

[BOOOYAHOOO!]

Naaaaah, fokes is just hopin it rallies to 57.00 so they can get their $$$ back. We may have just seen all the rally they are gonna get. This pig starts headin lower from here and you'll see plenty of towel throwin goin on. Right down to 51.00 probably. Then the fokes who just sold at a loss will see it back up through 53.00 on a relief rally and they'll jump back in. Kind of like the way Cramer does it. Just the natural process of idiots being eliminated from the markets. They had a chance to eliminate a bunch of em yesterday when they had all those fokes together for Cramer's town meeting, Trump was even there. Oh well, opportunities lost :cry:

[jacobnbr1]

soooo. if i gather this correctly. when a sell/buy signal comes in as in gte and it does what the signal says, then the actual trend carries on. and when buy/sell signals come in and they do the opposite the trend is reversed. and you buy the reversal...

[BOOOYAHOOO!]

Ohhh I'll splain it to ya. But I want you to stand in front of a mirror as I'm splainin it. When I'm through you tell me if you look good as a pretzel and we'll go from there. :lol:

[BOOOYAHOOO!]

Why ain't this pig of a stock participatin in the rally? I know X-mas isn't that far off and everybody is gonna want an i-pod. Should I buy AAPL here at 54.79 based on "ramped sales of the I-pod for the X-mas season means earnings should beat estimates by a wide margin"? Sorry, I lapsed into a funnymental rant there for a second. Do you guys really by crap based on that type of thinking? YIKERS! :lol:

[englishman26]

Stocks respond to many different factors. There is no "one size fits all" process to describe their progress, as you seem to try to argue with your charts.

[BOOOYAHOOO!]

Wrong again Englishman, I NEVER argue with the charts. I may be crazy but I ain't suicidal! :wink:

[jacobnbr1]

looks like this pig going to take the high again.

[jacobnbr1]

some sorry sap must have gotten his market order filled at 58.76.

[BOOOYAHOOO!]

I'm showing a high of 57.20, that's what it's at right now. Caaaamon AAPL bulls! Ya know ya wannit! :lol:

[jacobnbr1]

on da 5 min intraday i show a fill at 58.76. either a glitch or a market order fill..

[jacobnbr1]

we might have underestimated this pig here... this thing is strong.

[BOOOYAHOOO!]

It's actually weaker than it appears. OBV now down to a low of zero today. Like they say, for every buyer there's a seller. And right now it appears that there are alot more shares being sold than bought. :D

[BOOOYAHOOO!]

If it was me playing the Jan 45's I'd just add to the position as AAPL hits 60 or as da VIX trades below 13.50, but thaas jis me! :lol:

[stockviper]

BooYaaHoo...Where did you learn all your charting? Years of experience, a good book?

[BOOOYAHOOO!]

Years of experience. :D

[paydabill]

Boooyahooo - you know that i have disagreed with you on this stock. I see it has found support at 55.00 I also see that even when it broke the support it came back big. It is trading at 59.83.

The chart looks good on this one the OBV is still at 200, it is a little over bought, but it is riding market sentiment. I see it breaking agin to 63.00 maybe before next week. The new video Ipod is selling like hot cakes and they have great sales in the supporting market as well.

[BOOOYAHOOO!]

I show OBV back up to +6 million on the second move up to 60.00. It was actually at +200 earlier in the day. That means fokes waited until the second rally to 60.00 to jump on board because they didn't want to miss the move that was coming based on the new video i-pod. I always said you cannot judge entry price based on the launch of a new product line. Obviously the fokes who paid 59.40 or higher today thought they could so we shall see. Besides, 60.00 is a nice round number to stop dead at. :D And if the tide turns you will not only see 55.00 quickly, it won't stop there. So good luck to anyone who thinks AAPL was a good buy at 59.50 because of the new video i-pod. I hope they sell one to every person on da planet cause to be honest witcha they are probably going to need to at this point. :lol:

[englishman26]

Certainly apple is not a good buy here but whether it comes down much by january is a different matter. I think it'll stay above $55 until at least march.

[MarginReaper]

I bought a few hundred shares at around 46 when this stock crashed after the earninigs report last month. I sold all of it at 53 in order to balance out my margin account (I thought it would pull back to 52.) I knew it would go higher down the road but I had no idea it would happen so fast. I don't suppose we'll see 46 again anytime soon, huh? At this point 53 is mon back territory.

[paydabill]

I believe the support of 55 is pretty stable. The chart looks pretty good there, infact it looks great. I bought some at 46, 50, 52. Once I saw it crack the 55.00 roof I think i did a dance. I think we will see it go up again Thursday and Friday. It will get to 60.50 - 61.00.

I think what you will see is when Option Time comes in 2 weeks a lot of people are going to have to cover. Seeing the news and watching the orders, A LOT of people jumped on the November Puts. They are going to have to cover that so the price will bounce around, we might see 56.00 - 55.50 and then I would ride it to 65.00. However, this depends on the christmas rush. I think the sales on going to be through the roof again.

Just my opinion

[gtg657g]

Boo,
You strengthen your arguements for a stock with OBV and VIX charts? Could you tell me what those stand for, how to read them, where to find them? I'm not seeing them on Yahoo! Finance

[jacobnbr1]

i supose this stock is one that is a clear form of "funnymentals" because the fundies are great but not that great to have this type of reaction near christmas time. funnymentals are at the wheel of dis car and greed is the engine = disaster... taser didnt do its thing on fundimentals it was funnymentals... we need to get in front of funnies and let them push us up :D

[BOOOYAHOOO!]

Sure gtg, the VIX is actually an index that measures volatility in the options markets, it isn't actually a technical indicator. It is a good sentiment indicator by itself because it measures how robust the trend is in the markets, both up and down. I don't really want to get into too much of a tutorial but in general the VIX and the markets move in opposite directions and an extreme low reading on the VIX is below 10.00. It only traded that low once or twice in the past few years because the general sentiment in the markets have been positive for the most part. Hope that little bito info helps ya! :D You can chart the VIX or any index or stocks at Bigcharts.com or PCQuote.com, or any good online market information service.

OBV stands for on balance volume. It is a technical indicator you can use when you set up your charting function at any good chart site including the 2 I mentioned. Just follow the instructions for how to set up your chart at the site itself. When a stock is sold it is either sold at the asked price or the bid price. The OBV simply measures how much volume is going to the bid price and how much to the asked. So for instance if a stock has an OBV of say +6 million it means that for the period measured more people were willing to pay the asked price than wait for or hope to get the bid price. The effective way to use the OBV is to try and figure out when it is getting to the point where fokes are willing to pay whatever price is necessary to own the stock. At that point it is probably a good bet that there will be very few buyers left. Of course the case where everyone is willing to sell at the bid price no matter what is a whole different story. :D Hope this helps.

[spyder]

Sure gtg, the VIX is actually an index that measures volatility in the options markets, it isn't actually a technical indicator. It is a good sentiment indicator by itself because it measures how robust the trend is in the markets, both up and down. I don't really want to get into too much of a tutorial but in general the VIX and the markets move in opposite directions and an extreme low reading on the VIX is below 10.00. It only traded that low once or twice in the past few years because the general sentiment in the markets have been positive for the most part. Hope that little bito info helps ya! :D You can chart the VIX or any index or stocks at Bigcharts.com or PCQuote.com, or any good online market information service.

OBV stands for on balance volume. It is a technical indicator you can use when you set up your charting function at any good chart site including the 2 I mentioned. Just follow the instructions for how to set up your chart at the site itself. When a stock is sold it is either sold at the asked price or the bid price. The OBV simply measures how much volume is going to the bid price and how much to the asked. So for instance if a stock has an OBV of say +6 million it means that for the period measured more people were willing to pay the asked price than wait for or hope to get the bid price. The effective way to use the OBV is to try and figure out when it is getting to the point where fokes are willing to pay whatever price is necessary to own the stock. At that point it is probably a good bet that there will be very few buyers left. Of course the case where everyone is willing to sell at the bid price no matter what is a whole different story. :D Hope this helps.

The VIX does measure volatility, however, it is a derived number from the options pricings. By that I mean when interest rates, time decay and deltas are subtracted from the option price then the remainder is the volatility. Or at least that's the way it used to be. Remember when Black/Scholes first appeared in the '70's they forgot to incorporate interest rates in their pricing model. I suspect there is a directional component that has been added to the models, probably a first derivitive of a moving average, or something like that, that picks up the trend. If so, the COMPX drop from August 5 to October 5 would pick up a larger number in the puts and a smaller # in the calls, raising the VIX while the market dropped. Since this rally is 16 days old it has yet to add directional pricing to the calls and is not subtracting it from the puts....thus the VIX is contracting. Maybe u math boys can quantify it for us.
Just some thoughts to put some meaning into why it moves the way it does.

[jacobnbr1]

downgraded this am. look out fellas :D

[BOOOYAHOOO!]

The chances are good that a wave of selling will come in to take it down purty good. I'd like to commend the anal-yst that had the guts to give it a downgrade! :lol: Here's the lowdown on this hoe that maygo down like an enemy sub. There is now major support at 56.00 to 54.50 gap. I would say that if the selling is strong enough to take this pig below there it will be extremely tough for AAPL to get back up. The first minor support is at 57.00. If the Naz does head lower today based on the signals yesterday that said there is no reason for it to go higher I think AAPL will break below the gap support I just mentioned. Jacob, you will have to pay attention to that area. If for some reason it can rise again off of 56.00 it could run to 72.80! At that price I think even the longs would say they are crazy. :D AAPL will tell us alot on this first fall. Let's see what happens right cheeeya! Gonna be busy again today so I won't be postin too often. I saw fokes discussin IES this moanin. I thought it would be a buy at appx. 1.00! So now I'm really startin to get interested! :lol:

[jacobnbr1]

well if it bounces from that area yes 70 is the next area as i see it. there is some new targets set at 65 from some analysts. if it turns up i am going long on this jet engine because it be strong. i want it to peter out here and head lower though. :D

[BOOOYAHOOO!]

I wouldn't hedge it unless it gets to the 56.00 area, otherwise you are trading and you will lose. You can take a small call hedge out of the money at like 65's. They should be reeeeal cheap if AAPL gets to 56.00. Then you have what's called a strangle on it :lol: My play would have been to add to my position through 60.00 just like I said. The setup was awesome. It closed below 60.00, the next morning it ramped with a mini gap up and kept running. Those 45 puts must have gotten waaaay down there. It takes guts to do it but hey! it's only muny! :lol:

[spyder]

I wouldn't hedge it unless it gets to the 56.00 area, otherwise you are trading and you will lose. You can take a small call hedge out of the money at like 65's. They should be reeeeal cheap if AAPL gets to 56.00. Then you have what's called a strangle on it :lol: My play would have been to add to my position through 60.00 just like I said. The setup was awesome. It closed below 60.00, the next morning it ramped with a mini gap up and kept running. Those 45 puts must have gotten waaaay down there. It takes guts to do it but hey! it's only muny! :lol:


The Jan 45puts went 35/45....u've been on aapl since it hit new highs several days(&points) ago.........do u have this trade on?

[jacobnbr1]

no. i have this trade on...

[spyder]

I do too, when it moved to the hi 57+ measured move...strategy was to sell 50 strike against the multiple long 45s to turn it into back spread when the stock moved under 55.....Missed it!

[jacobnbr1]

i am getting the feeling of messing with this stock is like messing with a little mini google. when will it stop. for having a downgrade today it is still holding decent ground. people might shrug that downgrade off... 8O

[englishman26]

I think you're right Jacob. I think people will shrug the downgrade off as an overly cautious move against a postive market and a company that will possibly grow betond estimates next Q.

I think this will be one of the hardest fallers if the market were to downturn though. I just don't think it will.

[spyder]

i am getting the feeling of messing with this stock is like messing with a little mini google. when will it stop. for having a downgrade today it is still holding decent ground. people might shrug that downgrade off... 8O


Hahahaha....I know the feeling...what kicked it up was the news that the xbox ($400) sold out at Walmart and was offered at $4000 on e-bay...that means that consumers are not tapped out for higher priced kids' stuff. May have trouble getting under 60 strike with the Nov options going off in 2 weeks....our one hope is that a stock that goes up like this becomes a source of profit to offset losses as we move into the loss taking season

[BOOOYAHOOO!]

I'm not playing it to whoever axed. My WMB puts appear to be doin just fine again. :P Looks like you will get another chance to catch the low end of the .35-.45 put range. maybe even get .25. I'd add on AAPL's move through the high, 62.50? Does everyone like that round number? :D This pig now slipped into sell mode and the low volume is barely pushing it up. Just add to positions, buy 50% of you original stake. I think it's going down and I think the Naz will turn lower also. AAPL certainly will not survive a market selloff. Let's get the posibility of a double top out of the way right now, not on a reflex from 55.00. :D New player's could probably get a decent risk/reward entry with Jan 50's or possibly higher than those.

[spyder]

uh huh ....NOW I understand!
I don't subscribe to averaging down on any thing...up yes, not down
Good bye

[BOOOYAHOOO!]

uh huh ....NOW I understand!
I don't subscribe to averaging down on any thing...up yes, not down
Good bye

If you are replying to me I just want to make sure my buddy Jacob has the whole scoop on this trade since I referred it to him when we were discussing what we thought were good short candidates. I'm stuck wit AAPL for the sake of somebody else, even though I didn't make the trade personally. I thought the natgas stocks were the most overvalued sector even before Cramer gave it an estree 30% with the Cramer one night pump! :lol: So I went elsewhere but I am responsible for ALL my calls. I.... stick.... wit em! :lol: Go axe Cramer about MSO and see if he has any new thoughts for his listeners. 8O My advice is free and ya get alot mo fo da muny! :roll: :D

[englishman26]

Just saw a piece on CNN about the popularity of the video ipod - and we haven't even got to the holiday season yet.

Funnily enough they talked about something I mentioned on here when the video ipod first came out; portable pod porn (PPP)!

[jacobnbr1]

yea i seen that. i do beleive that appl is under fire by the analyst and sector. i am just wondering when this pig falls.

[paydabill]

I do not believe this pig is going to fall anytime soon. People are shrugging off the down grade. I think another base is being formed here. If it does not drop below 60 in the next couple of days, then that means my support of $55, will be raised to $59. Once that support goes up then I think it breaks out to $70 by the end of the month.

It seems like everything is in a holding pattern today not much movement. My next stock that I think people should look at is HET. Strong quarter - seen the bottom, nothing to do here but to look up.

[jacobnbr1]

you could be right there pay, but take a look at the dowjones newswire there. it is under fire fron analysts. funniementals are kicking in because this thing should be tanking under these circumstances... if it makes it to 70 i will be blown away.

[paydabill]

Jacob

i have been reading the news, but you have to read between the lines take for example this idiot who downgraded it today!

NEW YORK (Dow Jones)--Needham & Co. analyst Charles Wolf said he is "nervous" after downgrading Apple Computer Inc. (AAPL) to hold from buy.

"Well, I'm nervous, yeah, there is no deterioration in the fundamentals. If anything, the fundamentals continue to improve," Wolf said Monday in a CNBC interview. "At the same time, I believe my long-term valuation model does capture everything that I know about the company today, and that's what prompted the downgrade."

Wolf, who owns Apple shares, said he expects Apple's stock to continue to appreciate.

"However, the way the company is innovating and introducing new products, it's likely they will have opportunity sets that I cannot see today and when those appear, I may have to upgrade," Wolf said.

With down grades like that all he is doing is following the Pruidential trend because he does not have the spine. I want it to drop so I could buy a little more. With all this news it has only dropped 1% on a sluggish (at best) say. The shorters are getting worried, and they are looking for help.

That is alright let them down grade, and when the consumer keeps buying the video ipod, the shows, and the new nano ipods for Christmas then it will turn in one heck of a quarter and we cash out.

[jacobnbr1]

Jacob

i have been reading the news, but you have to read between the lines take for example this idiot who downgraded it today!

NEW YORK (Dow Jones)--Needham & Co. analyst Charles Wolf said he is "nervous" after downgrading Apple Computer Inc. (AAPL) to hold from buy.

"Well, I'm nervous, yeah, there is no deterioration in the fundamentals. If anything, the fundamentals continue to improve," Wolf said Monday in a CNBC interview. "At the same time, I believe my long-term valuation model does capture everything that I know about the company today, and that's what prompted the downgrade."

Wolf, who owns Apple shares, said he expects Apple's stock to continue to appreciate.

"However, the way the company is innovating and introducing new products, it's likely they will have opportunity sets that I cannot see today and when those appear, I may have to upgrade," Wolf said.

With down grades like that all he is doing is following the Pruidential trend because he does not have the spine. I want it to drop so I could buy a little more. With all this news it has only dropped 1% on a sluggish (at best) say. The shorters are getting worried, and they are looking for help.

That is alright let them down grade, and when the consumer keeps buying the video ipod, the shows, and the new nano ipods for Christmas then it will turn in one heck of a quarter and we cash out.

yes. this is true. on the contrary friend, all the currnt holders are getting weak, they will tighten their stops as for this thing is showing sighns as a top... also let me just throw in it takes more buying to push the price up and even the dumb money wont buy one that has been downgraded twice so far... :D

[paydabill]

You know Jacob you are right. I was not even thinking that way. They are way overbought and I could not find any reason to buy it so high.

Who would be dumb enough to buy it now? I think I hear the cash register!

:twisted:

[jacobnbr1]

i mean dont sell on my behalf. i am just pointing out some oppinions... my oppinions could be wrong, and maybe it goes to 70... the market is the only one that can answer that question. my only problem is i have been betting on a wave down in the naz as appl goes higher. when the wave down starts i think appl will be 1st in line..

[BOOOYAHOOO!]

Looks like SNDK has a bit of a start over AAPL. But AAPL is closer to 60.00 even with the 3.00 fall in SNDK. Both these pigs had better make their first move tomorrow an up move, or else we will play a little game and take a poll on which one hits $50 first! :lol:

[englishman26]

Funny that Cramer did a piece on my PPP (portable pod porn) - even though he directed it towards broadcom somehow!

I'm now convinced he reads this website!

HI JIM!! :wink:

[Code Butcher]

Funny that Cramer did a piece on my PPP (portable pod porn) - even though he directed it towards broadcom somehow!

Well you know, the electroninc industry as well as the Internet owes a lot of it's advances to the Porn industry. Half of all Internet traffic in the world is directed to Adult related sites. :twisted: Maybe we should be investing in porn. :lol:

Kramer must have a lot of stock in Broadcom or gets a kick back for mentioning it. :wink: PUMP and DUMP? We'll have to wait and see.

[jacobnbr1]

well booyahoo: if ya want me to keep shorting this through the highs you are gonna have to loan me some $$$$ cause i ainta doing it again. i will have to short this all the way to 70 and i now have about 1k of puts. the only thing i can hope for is 70 comes and it is the top. maybe i might unload and wait for the ma,s break and then short it

[paydabill]

Jacob - I rang the register for about 1/2 when it stalled @ 62. Then I read the chart again and again. It broke the 62.00 resistance and I got back in. I think you willl have to wait until 71 -72 before your short will come in. I hope you bought Feb-Puts, otherwise you are going to be covering.

The chart is really starting to heat up! It swam against the NAZ, on moderate vloume. The OBV has spiked up and the RSI is still under 80. Plus not to mention it is above the 19 and 50.

It has been a horse, breaking up then creating a base then breaking up again.