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AAPL - Apple Inc - Page 600

post #11981 of 16422

markets look like there are in a fire sale!! 10% off many stocks

post #11982 of 16422

im gonna hold some calls overnight cuz i bet jobless numbers will be good tomorrow

post #11983 of 16422

Good luck Kal! I don't see much downside to AAPL at this level, but my only fear is if the market declines (not hard to imagine since we are at year-highs) it could pull us down further.

post #11984 of 16422

I picked up a May 11 590 call, hoping for some upward movement tomorrow or early next week.

post #11985 of 16422

Hey guys a newby question here.  I been playing AAPL for a while and have done quite well, but wanted to learn a lot about these puts and calls.  Whats the best place to start?  Seems most of the discussions on this forum aim towards these.

post #11986 of 16422

this guy is simple

http://www.optionmonster.com/education/options_basics.php

 

i recommend a book

post #11987 of 16422

are people selling and getting ready for FB?

post #11988 of 16422
Quote:
Originally Posted by iron883 View Post

are people selling and getting ready for FB?

I don't think Facebook will be very successful long term. In the first few weeks/months it will be more popular amongst investors than AAPL but then they'll sell their Facebook holdings and get back into apple.
Edited by Venom08 - 5/3/12 at 7:50pm
post #11989 of 16422
Quote:
Originally Posted by iron883 View Post

are people selling and getting ready for FB?

lol... no

post #11990 of 16422

fb gonna be successful imo

 

aapl has lost momentum.

post #11991 of 16422
Quote:
Originally Posted by tones View Post

fb gonna be successful imo

 

aapl has lost momentum.

people like this don't really make sense to me.. apple is up over 70% in the past few months, it takes one month to cool off (like its done numerous times before) and they think its over..

post #11992 of 16422

The 3rd candlestick rule applies again, lol. +$5k so far

post #11993 of 16422

I'm thinking of buying some weekly calls right now, I think that AAPL support is strong at $570 and we might end at around $580. Thoughts?

post #11994 of 16422

im SO lucky i ended up selling my calls before yesterday's close , a friend from this forum convinced me and sold em in the last minute so today i could buy puts and ++profit

post #11995 of 16422
Quote:
Originally Posted by Venom08 View Post

I'm thinking of buying some weekly calls right now, I think that AAPL support is strong at $570 and we might end at around $580. Thoughts?

Short term downtrend is in force!

If AAPL closes today near it's lows, a test of the 550 - 540 area is possible.suspicious.gif
post #11996 of 16422

This thing has been in a downtrend for over a month, lol. Besides the day after the earnings report came out, this has either ended the day flat or down by over a percent at least.

post #11997 of 16422
Don't fight the trend.
post #11998 of 16422
Quote:
Originally Posted by Venom08 View Post

There were quite a bit of buyers at that level. It dithered under $580 for a little then was immediately bought up. It's almost at $586 right now.

 

Broken with huge volume.

post #11999 of 16422

getting cheaper and cheaper

post #12000 of 16422

http://tech.fortune.cnn.com/2012/05/03/how-low-can-apple-go/

 

Interesting read. I hate articles that seem to say there is a 100% chance of a stock going up to X, but it's hard to not see upside given the company at the price.

 

I am definitely going to be moving more toward longer out positioning since getting hammered by the recent downtrend.

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