Apple is approaching $400....would you buy it before earnings? - Page 4 - TigerDroppings.com

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LSU0358
LSU Fan
Member since Jan 2005
4966 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

bullish before it fell through $1,500.


And I was before it dropped through 1500. After that, I was bearish.






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LSU0358
LSU Fan
Member since Jan 2005
4966 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

I honestly don't understand your logic at all.


I trade off of technicals and it works for me. It might not work for others. I personnaly can't trade succesfully off of PE ratios. Others might have success doing it.

All depends on time frame and trading strategy. There are many ways to turn a profit if one has good risk management.






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acgeaux129
USA Fan
We are BR
Member since Sep 2007
15011 posts

re: Apple is approaching $400....would you buy it before earnings?


Trading at half the valuation of MSFT is just absurd to me.





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Duck
LSU Fan
Member since Dec 2006
304 posts

re: Apple is approaching $400....would you buy it before earnings?


From a Technical standpoint what is special about the levels you previously mentioned.







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Korkstand
LSU Fan
Plaquemine, LA
Member since Nov 2003
7913 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

Duck

I don't think chartists and their technical analysis can compare to looking at the fundamentals, but I do believe some useful information can be gleaned by looking at the "price action".

For example, "double tops" and "double bottoms" are pretty strong indications that some very large investors believe that price level to be significant. In other words, if a stock comes down and "bounces off" of $20 in a relatively short span of time, it is likely that some large institutions (or the market as a whole) believe that to be pretty close to bottom dollar for that stock. Usually, to "confirm" this belief, one would wait until the price gets back above a particular level, typically the prior short-term high or a level derived from it.

Similarly, if a stock is heading down day to day for a couple of weeks, but the intraday trading is consistently moving low to high, that is a sort of hidden indication that some large investors are loading up for the long haul.

Looking at Apple, it did touch a double bottom at around $420 in early March and early April, so it was probably on the radar of the chartists. But after that second bounce it never approached the prior short term high of $465 or so, and the intraday trading also indicated that the downtrend wasn't over yet.

That's what I get out of the "price action" voodoo, anyway.






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LSU0358
LSU Fan
Member since Jan 2005
4966 posts

re: Apple is approaching $400....would you buy it before earnings?


Don't get me wrong, I use fundamentals. I use them more for sector analysis than for individual stocks.


This post was edited on 4/18 at 6:01 pm


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LSU0358
LSU Fan
Member since Jan 2005
4966 posts

re: Apple is approaching $400....would you buy it before earnings?


The 462 level is the last spot it hit at the top of a significant move...since then price started down from there it's headed straight down with no moves worth mentioning to the upside.





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tirebiter
LSU Fan
ATL
Member since Oct 2006
5053 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

I always operate under the assumption that all available information is priced in.


Responding to the head slap. Since this is a tech oriented thread, I am sure all available info was priced into the tech sector in 1Q2000, especially including all the pre-revenue companies taken public, then all of a sudden the current info/value turned out to be "mispriced". It happens with regularity, not a believer in strong form EMH. Not that different than the REIT sector in late 2007/2008.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
76232 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

I am sure all available info was priced into the tech sector in 1Q2000,
The information available at the time WAS priced in. It turned out the information was wrong.

I'm not sure what your point is.






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The Easter Bunny
Georgia Tech Fan
Minneapolis, MN
Member since Jan 2005
41504 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

Honestly apple needs to look into the HP strategy of building utter crap at low prices, I go through 2-3 ACER,HP,Dell laptops a year just bc some of the software I need for work isn't mac compatible. the pc's are just junk, the cheap ones are, can't say I've spent $1000+ on a PC in years


Goddamn, dude, you frick up some computers

Also awesome that you buy the cheap/shitty PC for work and overspend for personal use instead of just dual booting one awesome computer






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Korkstand
LSU Fan
Plaquemine, LA
Member since Nov 2003
7913 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

Goddamn, dude, you frick up some computers

Also awesome that you buy the cheap/shitty PC for work and overspend for personal use instead of just dual booting one awesome computer


I believe he owns/operates several convenience stores/gas stations/service shops, and the cheap pc's are for "greasemonkey" use apparently. His purchasing strategy is sound.






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CajunAlum Tiger Fan
LSU Fan
Broussard
Member since Jan 2008
2287 posts
 Online 

re: Apple is approaching $400....would you buy it before earnings?


Nice thoughts so far in this thread, I always learn from the experts on this board.

I was lucky enough to buy Apple before the last split at ~$40 and thought I would hold it for 20 years. Outside of reasons based on fundamentals or analysis, I sold because naming an operations manager as CEO of such an innovative company sent the wrong signal and wouldn't work long term. He's a career supply chain guy and he's probably damn good at it, but that's the opposite end of the spectrum from the leader that AAPL needs.

I hope to buy again at some point, but not while Cook is at the helm.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple is approaching $400....would you buy it before earnings?


so i guess since most are against my opinion of apple being a good buy.......the question is what would you guys buy at this point? Market peaking and apple down 18% YTD everything else pretty much up double digits.....what are you all buying? If apple is a dog, what do you see as a lifelong holding from here





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GenesChin
Army Fan
The Promise Land
Member since Feb 2012
9779 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

The information available at the time WAS priced in. It turned out the information was wrong.

I'm not sure what your point is.



Seems like you two are misunderstanding what ya'll are talking about.

All information people believe to be correct are priced in. Not all information is known or known to be correct.

That is the failure of EMH.

That being said, if there was info out there about Apple stock, day traders as big companies would find out about it before us on this thread.






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