Apple up over 10% and $47 since last week....what do we see first $500 or $400 - Page 3 - TigerDroppings.com

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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2260 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


I'd say threats of negativity in public opinion only. both customers and investors want to see Apple revamp future products and definitely improve the current product line (both of which I think will happen through the next 12 months).

so I guess I'm really not saying anything new.

the company is financially sound and the stock is very fairly valued.I bought at three different prices in the 400 rangeand I have no problem with that given my time frame.

I wouldn't go all in, frankly on any stock, but I think this is as good of a technology stock is any.



This post was edited on 5/6 at 8:32 pm


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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


That's how I feel actually just read next 2 iPhones were designed by jobs before he died....so there goes the no innovation post jobs...Personally I don't know any Mac users who would go back to pc.people just have unreal expectations that apple must create a new category of product every few years like the iPad.....they're not going the way of dell or Microsoft those brands never had the same mass appeal nor did they have a retail footprint like apple....one step inside an apple store should give you all the investor confidence you need


This post was edited on 5/4 at 11:43 am


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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21423 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


It's already the most valuable traded company in the world.





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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


$457.20 in premarket today.....wow I am just stunned....2 weeks ago we were at $385 and so many people were saying apple was done and $350 was around the corner funny how a buyback announcement along with a $17B bond offering with immense demand leads to a near 20% gain in the world's largest company in such a short time.




This post was edited on 5/6 at 7:54 am


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BennyAndTheInkJets
Arkansas Fan
NYC
Member since Nov 2010
3873 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


quote:

funny how a buyback announcement along with a $17B bond offering with immense demand leads to a near 20% gain in the world's largest company in such a short time.

Found out why they actually did the bond deal. Most of their cash is overseas so they saved about $9B in repatriating taxes by doing the bond deal to pay for buybacks rather than bringing cash back to the US.

ETA: Here's comes the $460 resistance level, let's see if AAPL has the juice.



This post was edited on 5/6 at 8:05 am


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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


the stock goes ex-div this week and with $3.05 per share due this period, i think we'll go way through the $460 resistance by thursday's div date.





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roguetiger15
LSU Fan
Member since Jan 2013
3456 posts
 Online 

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


our risk indicators were pricing pressure, increased competition and lack of innovation compared to their history of being extremely innovative.





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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


broke through $460 but back to $459 hopefully it can hold up the resistance


This post was edited on 5/6 at 9:04 am


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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2260 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


quote:

it can hold up


I can't guarantee you anything over the next three months, but I'd bet my britches that I will sell this stock with a long-term cap gain.






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roguetiger15
LSU Fan
Member since Jan 2013
3456 posts
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re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


quote:

I can't guarantee you anything over the next three months, but I'd bet my britches that I will sell this stock with a long-term cap gain.


smart move, save on taxes






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


its been a wild 2 weeks, it feels like its just gonna explode lots of momentum,cheap valuation......hopefully soon





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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
21423 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


I can't say the same with the way this stock trades. Way too much volatility for my liking to hold. If it gets close to 500 I'm going to sell.





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BennyAndTheInkJets
Arkansas Fan
NYC
Member since Nov 2010
3873 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


quote:

broke through $460 but back to $459 hopefully it can hold up the resistance

BTW, I was simplifying the $460 figures because the Fibonacci resistance was right at $460.68 which its been staying right around right now +/- 20 cents. If it closes above that level and stays above tomorrow, I expect you'll be making a pretty big cash out on that.

Going to be very interesting. This is why I love technicals, from a fundamental perspective it makes absolutely no sense why 23.6% in a Fibonacci sequence would be a resistance level for a stock. But... it keeps happening over and over. Why do sunflower seeds rotate in the Golden Ratio (part of the Fibonacci sequence), why do bees reproduce in the Golden Ratio? I don't know, but doing the same thing over and over again and expecting a different result is the closest I've ever come to a definition of stupidity.






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Korkstand
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Plaquemine, LA
Member since Nov 2003
9353 posts
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re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


quote:

BennyAndTheInkJets

Even our credit cards are golden rectangles... it has to mean something, right?!






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Northwestern tiger
New Orleans Saints Fan
UT-Southwestern
Member since Oct 2005
16610 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


quote:

I can't say the same with the way this stock trades. Way too much volatility for my liking to hold. If it gets close to 500 I'm going to sell.


Apple is very underrated IMO
I think it's going up to 700 again very soon
I'm glad I didn't sell at 450$






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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2260 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


quote:

Northwestern tiger


I'm not so sure about "very soon", but...

IN







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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


im with you northwestern, i sold off 25 shares this morning to puy more PM as it dipped into the high $92 range but I still have a ton of apple..... $700 would only be 16x earnings...so hope we get there by Next year iphone 6 or itv. For the record i think they need to make a cheap phone with all kinds of colors kinda like their old imac that brought them back to popularity.....that sounds like a smash hit waiting to happen with young kids





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NC_Tigah
LSU Fan
Member since Sep 2003
51076 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


quote:

Apple is very underrated IMO
I think it's going up to 700 again very soon
I'm glad I didn't sell at 450$
IDK about "700 again very soon". Would be nice though.

We put a toe in at around $420, then filled out a position at $405. Won't be adding more as we've got a decent sized holding, but certainly not lightening up either. AAPL looks good to me as a buy-and-hold, even at these levels.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


benny im not a trader or anything like yourself just simply a buy and hold type but what you posted is fascinating stuff for sure so you basically are saying when a stock hits bottom 23.6% higher is the resistance point? Very interesting never knew that.....so is it the 52 week low or what low do you use in your calculations?

basically where did the $460 come from as a resistance point?



This post was edited on 5/6 at 3:07 pm


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BennyAndTheInkJets
Arkansas Fan
NYC
Member since Nov 2010
3873 posts

re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


Exactly, you get the 52-week high and 52-week low. In between those you map the Fibonacci percentages, 0% = 52 week low, 23.6%, 38.2%, 50%, 61.8%, 76.4%, and finally 100% equals your 52-week high. Look from the high in mid-September to the low recently mid-April. Even before we hit the 52-week low prices were using these lines as support/resistance levels.

Let me see if I can upload the Bloomberg screenshot to photobucket to show you what I'm talking about.






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