The only thing to be watching as a trader is the 50MA on a closing basis here in my opinion. If you are playing apple via options (especially on the weekly chain) I'd advise caution regardless of how you are positioned. People have made tons of money in a few months as we saw new record inflows into the weekly chain, I've been cautious about this for some time (longer than warranted apparently), but do not underestimate the ability for market makers to win via inflated implied volatility here. The casino is NOT going to just keep paying here, be very mindful of that. It's obviously going to seem almost Pavlovian for a retail trader to get right back into the weekly chain for what's been working week after week in regard to the underlying paying off long option holders 5-10-20 fold, but if I've learned anything in trading is that this will not end well for many people waiting for a repeat performance of what they did in their last trade, I'd just be prepared here.
AAPL - Apple Inc - Page 597
Tax evasion??? It's done by many companies....incl google
That cannot be a reason
2nd fact...peps are selling apple ORRR there are I more buyers!...were do peps put their money in tech now???
Is it rimm??
amazon at 26666666 pe!!!
So we break it down to no more buyers NOT bc of sellers...volume is also low to support that
At 600$ a share ..,the buyers are all smart money...the home cannot n I'm sure banks n funds are already here since 300
Let's see we're the smart money goes now..they lifted this sector ...
I don't see banks or energy next
Blue chips seem the place to bee
Or they are ready to short
hmm... I don't know maybe the fact that the stock has ran for the past 8 years and has split as well. The stock has only ran from 6 dollars. The stock has had no serious pullback since the run. There is long term money in this stock more so than any other stock. The options have beat to the long side way too much. The stock has more non-algo money in it than any other. Smart money as a cnbc reference means that they are going to be looking for good quick r2r trades. Apple is not a good r2r trade right now. They are being harassed for evading taxes in a legal way.
I don't know if you watch the daily charts on the indices, but uh NQ and ES have huge wicks. If the action from algos leads to downside on indices then apple goes down too. Apple has been the only thing holding this market up. Any bull market has to have the others on IWM and what not be strong as well which they have not. It is also May and the action on indices is pure rotation right now on bigger time frames.
Oh and btw, Apple is a turd.
Scott Forstall, Apple’s chief in iOS recently sold around 65,151 shares of Apple Inc. (NASDAQ:AAPL) stock, or around 95% of his stake in the company, so that total sales of the shares reached $38.7 million.
Scott, who is the a senior Vice President for iOS software at Apple Inc. (NASDAQ:AAPL) made the sales last Friday, and documents that had been filed at the US Securities and Exchange Commission corroborate this. The shares that were sold were a part of retention bonus that was granted to the Apple head in 2008. The shares were sold at around $ 601 and $605 a piece, and although this was not the record share price, it seems that the chief of iOS wanted to make a killing with the move.
However, even after this move, Scott still owns at least 2,998 shares in the giant company. At the close of business on Friday, the shares were worth around $1.8 million. Apple’s management were however, quick to add that Scott would not be leaving the company because he made this move.
Scott is also supposed to rake in another windfall due to 100,000 restricted stock units that were granted to him in 2010, but will vest in 2014, and he also has another 150,000 restricted stock units that will vest in 2013, and 2016, as long as he stays with the company till then.
Analysts keen on the move that Scott made are also of the opinion that Scott may stay put because if shares for Apple Inc. (NASDAQ:AAPL) reach $1,000 a piece, then the restricted stock units that he holds may be valued as much as a quarter of a million dollars. Furthermore, Scott earns over $700,000 annually in salaries, and is the reason he may not be leaving any time soon.
However, Apple also has a reason to hold on to Scott because he runs the software division that was credited with making $29 billion of the $39 billion that was made between the iPhone and iPad in the last quarter sales.
Forstall, who many people tend to liken to Jobs, was at one time in the beginning of the year profiled as the CEO in waiting for Apple. This is because it is said that the Apple head, in many ways, tends to resemble Steve Jobs in the way that he runs things, and even operates. For instance, it is claimed that Forstall is usually quite good at knowing what he wants, and usually stops at nothing to get it. There are also people who say that he is quite difficult to work with, and he may be the sole reason why a number of high flying executives may have left Apple.
The sale of Forstall’s stock began when the restricted 120,000 stocks that he got in 2008 became fully vested. He cleared 55,849 shares for taxes, and then sold around 65,151 shares. However, at the same time, Tim Cook, Apple’s CEO, Phil Schiller the marketing head, and Peter Oppenheimer, the CFO sold hundreds of thousands of shares that got them a total of around $150 million after taxes.