AAPL - Apple Inc - Page 586
Right, the huge gap up from yesterday's close to this morning's open.
Better sooner than later, but depends if they want to take some more profits or not.
Giving back some of those gains wouldn't be a surprise, either, If AAPL doesn't close strong!
If AAPL performs similarly to last earnings release, then we should range between $605 and $620 this week and next week start going into parabolic mode. I see $660 by next Friday, I might've missed the last run up but not this one! And I know it's going to make an all time high really soon, pre-earnings it did so right now there is no denying that it'll test the high of $644.00.
I also bought some Jan 2013 $705 calls at $34.70. They're pretty expensive.
Parabolic move! No reason for anyone to sell/short unless they were doing for the obvious reasons to realize gains and protect short term profits. Short interest based on float is very low so that is good. It's probably even lower than from March 30th (based on Yahoo Finance).
When people realize it is still a discount from its all time high, the window of opportunity to get a 30 or so points is coming to an end.
That and when they compare it to other tech companies and realize that this is a money-making machine with a super cheap stock, you are going to see few willing to dump their shares at these prices.
The ones who sold at 550 should probably learn a lesson about mental toughness. Or, they don't have the experience yet to realize what bigger funds were doing. Or, they didn't put in the time to do enough due diligence to see that China was the growth story, not American phone companies like Verizon or AT&T. Observing one tree is great, but having the perspective of the entire forest is much more accurate.
Everyone has to learn a lesson at some point. That way, they know how to spot a slingshot or understand what people mean when weak hands get shaken out, especially on a great fundamental story (cheap valuations too) with AAPL.
Put on the pressure until people can't bear it anymore. High volume is one indicator of capitulation.
Or the didn't have a stop loss. I was stopped out at 595 from a 475 average. Reloaded at 550, same stop.
Apple alone had a tremendous effect on the overall market. With paltry growth prospects everywhere in the US economy except this company, Apple is king right now. Now today we say a 8% gain, I can't help to think there will be a pull back in the next few days. In that case I will load up on more shares.
Im still buying with two hands people, I can do so because my average price is so low so less risk. But I seriously think that Apple will dominate at least till this year. No reason to be scared or panicy with this company in 2012. Take advantage of the panics and load up!