AppleInsider › Forums › Investors › AAPL Investors › Currently at $532
New Posts  All Forums:Forum Nav:

Currently at $532

post #1 of 11
5/17/12 at 9:52am
Thread Starter 

What in the world is going on? A $13 drop today. Some speculate this has to do with hedge funds weakening their positions in Apple to buy into facebook. 

Reply
Reply
post #2 of 11
5/17/12 at 10:09am
Quote:
Originally Posted by gwmac View Post

What in the world is going on? A $13 drop today. Some speculate this has to do with hedge funds weakening their positions in Apple to buy into facebook. 

 

If I've said it once I've said it a thousand times.

 

This drop in AAPL was totally expected.

 

... and, yes, some of the big daily drops could be hedge funds dumping AAPL to buy into Facebook but I doubt that has hardly had much of an impact on the final outcome... just sped up the process

 

Apple just can't get no respect.

 

Even "if" AAPL drops another $30 this is still a good time to buy. There's a good chance that when AAPL bounces it will retain a price that is well above the current price (even if it is still below the $644 price from 5 weeks ago) and will not move down to these levels again.

 

Just saying...

We know where you are. We know where youve been. We can more or less know what youre thinking about. - Eric Schmidt
Reply
We know where you are. We know where youve been. We can more or less know what youre thinking about. - Eric Schmidt
Reply
post #3 of 11
5/17/12 at 10:13am
Thread Starter 

I agree. I bought 75 shares the day before earning at about $564 then sold the next day at $610.  I might go in for another 25 to 50 shares at this price. Just moved $2 to $534 so maybe now is the time to buy in some more. I am long on my 500 shares and won't touch them, but nice to be able to add shares when I can. 

Reply
Reply
post #4 of 11
5/17/12 at 11:46am

Starting to think about buying more as well (obviously great value here, but my weight in AAPL had me not planning on it, yet again, value is too good to pass up). I feel like $520's might be the area where the bands let up and the pile-on-upward starts.

Reply
Reply
post #5 of 11
5/17/12 at 11:55am
Thread Starter 

At the time of my post now it is trading slightly above the low for the day at $533. I hope you are wrong and it won't get into the $520's. I was really surprised when it passed the $560 barrier. No good reason for a 2.32% drop in one day. I panicked and bought in at $538 because I thought I was riding an upwave swing then it dropped again an hour later. lol No biggie, I think at this price and certainly in the $520's it is still a bargain that we may not see again for a while. Now watch it go below $500 just because I said that.

Reply
Reply
post #6 of 11
5/17/12 at 1:05pm
Quote:
Originally Posted by gwmac View Post

At the time of my post now it is trading slightly above the low for the day at $533. I hope you are wrong and it won't get into the $520's. I was really surprised when it passed the $560 barrier. No good reason for a 2.32% drop in one day. I panicked and bought in at $538 because I thought I was riding an upwave swing then it dropped again an hour later. lol No biggie, I think at this price and certainly in the $520's it is still a bargain that we may not see again for a while. Now watch it go below $500 just because I said that.

 

Don't sweat it, you have $100+ upside from your buying point JUST to get to the previous highs, not counting all new upcoming highs. It might go lower, and I'm following the sleazy Options traders now (if you can't beat them, at least listen to them), and it sounds like their venom is for it to hit the $520's, but I'm not sure. The Bulls seem to be coming out of the woodwork again (finally) and that's usually when in due time you see the stock soar up and break through new levels (and leave old ones behind).

I already have enough weight in AAPL, one batch I'm still up nicely on, and one (smaller) batch I'm down increasingly-"nicely" on, but if AAPL gets into the low $500's, I'm betting the farm, all in baby. Massive upside already from here, massive upside from $600 in due time, but as the stock keeps dropping, the upside gets more and more massive. Once the smoke clears and jitterbugs get squeezed out, it'll be "all okay again" and AAPL will soar accordingly. It happens time and time again, and AAPL jitterbug investors have short memories (use it to your advantage :) )

Reply
Reply
post #7 of 11
5/17/12 at 2:00pm
Quote:
Originally Posted by gwmac View Post

At the time of my post now it is trading slightly above the low for the day at $533. I hope you are wrong and it won't get into the $520's. I was really surprised when it passed the $560 barrier. No good reason for a 2.32% drop in one day. I panicked and bought in at $538 because I thought I was riding an upwave swing then it dropped again an hour later. lol No biggie, I think at this price and certainly in the $520's it is still a bargain that we may not see again for a while. Now watch it go below $500 just because I said that.

 

Hey, you bought it for $106 lower than the high. 106 FREAKING DOLLARS!! Feel good about it.  That is excellent in my opinion.

 

Sure, you might have got it for a few bucks lower but in the end you're going to feel good about your trade.

 

Remember, you might have waited and had to buy it at $575 or above.

We know where you are. We know where youve been. We can more or less know what youre thinking about. - Eric Schmidt
Reply
We know where you are. We know where youve been. We can more or less know what youre thinking about. - Eric Schmidt
Reply
post #8 of 11
5/21/12 at 2:43pm
Quote:
Originally Posted by gwmac View Post

At the time of my post now it is trading slightly above the low for the day at $533. I hope you are wrong and it won't get into the $520's. I was really surprised when it passed the $560 barrier. No good reason for a 2.32% drop in one day. I panicked and bought in at $538 because I thought I was riding an upwave swing then it dropped again an hour later. lol No biggie, I think at this price and certainly in the $520's it is still a bargain that we may not see again for a while. Now watch it go below $500 just because I said that.

 

How's that $538 trade feeling today?!

We know where you are. We know where youve been. We can more or less know what youre thinking about. - Eric Schmidt
Reply
We know where you are. We know where youve been. We can more or less know what youre thinking about. - Eric Schmidt
Reply
post #9 of 11
5/21/12 at 4:03pm
Thread Starter 
Quote:
Originally Posted by island hermit View Post

 

How's that $538 trade feeling today?!

Very relieved. Ever onward and upward! 

Reply
Reply
post #10 of 11
5/21/12 at 9:24pm

I missed the boat in the $530's! Itchy trigger finger in the 6's, but not in the low $500's? (slaps self). Placed my limit orders too low. 

Reply
Reply
post #11 of 11
5/22/12 at 6:49am
This was reasonably predictable. You have to watch the options calendars; the momentum into the week of expiration will tend to continue until expiration, and then it corrects. The options contracts that expire after an earnings report are very widely held by both bulls and bears.

Hopefully we see $630 pretty soon again.
Reply
Reply
New Posts  All Forums:Forum Nav:
  Return Home
  Back to Forum: AAPL Investors
AppleInsider › Forums › Investors › AAPL Investors › Currently at $532