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AAPL - Apple Inc - Page 566

post #11301 of 16393

its breaking down...

 

cut losses on the option

 

stock id still hold..no point selling for 10-20$ movements...can easily be the bottom

post #11302 of 16393
Important for AAPL to hold 580 support area on a closing basis.

Good bounce off 582.

S&P starting to show some weakness.
post #11303 of 16393

Im glad i didnt buy 100 shares on friday lol

post #11304 of 16393

it dropped 60 in five days.  thats not a 10 to 20 movement.

post #11305 of 16393
580 area seems to be providing good support for AAPL.
post #11306 of 16393

weakest ive ever seen apple

 

esp with earnings comming up

post #11307 of 16393
Just a normal correction, since going straight up since Jan, from 420 to 640.
post #11308 of 16393

Looks more and more likely AAPL will go down to the 550-575 range and test it's 50-day moving average.  This is normal and positive action for stocks in general, as long as the 50-day moving can hold. 

post #11309 of 16393
Could work it's way down there. Definitely within trading parameters of this correction.

Keep an eye on the 580 level EOD.

Gap from March is at 568.suspicious.gif
post #11310 of 16393
AAPL led the way up, now leading the way down.

Let the correction run it's course.
post #11311 of 16393

I am not too worried about this correction, I don't think this is anything unusual for a parabolic move and then an earnings release the following week. Just signifies that this will run up nicely sometime this week.

post #11312 of 16393
Im in more calls

620 n 600

Someone gotto step up a week before earnings n say..if apple beats we hit 700
post #11313 of 16393

My plan was to sell for a nice 3% profit by Monday, right before earnings. The way this is heading I might have to hold through earnings, dammit AAPL. Pick up, you've finally corrected, congrats.

post #11314 of 16393
Venom, it does not sound like you have any sell rules / plan to the downside. Remember to keep your loses small, set sell stops when you buy and always stick to them.
post #11315 of 16393

I usually do, but with AAPL it's been up up and away for quite some time now. I was very surprised that I went in at the top, the fall on Tuesday was surprising and I didn't know what to make of it so I decided to wait it out. Then I averaged down on Wednesday and since then it's been a free fall.

post #11316 of 16393

I've been gone from HSM for years, I came back a few weeks ago to to voice my bearishness on AAPL.  Remember folk stocks peak when the its loved the most.  I'm riding my short swing short on AAPL.  All the longs out there have your damn max loss stop in it. dont let this correction kill you. Stop averaging in.

post #11317 of 16393

Is AAPL done going down now?

post #11318 of 16393

Nobody knows. I'm slightly bullish, given earnings on Tuesday, but there are plenty who think it has more room to fall.

post #11319 of 16393

the 50 day moving average might give you an oversold bounce but shortly (2-3 days) after, it will break that 50 DAY moving average and will continue to trickle down...

post #11320 of 16393
AAPL earnings are on Tuesday, April 24th. 5:00 P.M. EST

Lot of time till then.
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