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re: Apple is approaching $400....would you buy it before earnings?
Posted on 4/18/13 at 11:56 am to GrantTheFan
Posted on 4/18/13 at 11:56 am to GrantTheFan
quote:
If you can work with that time-frame, my opinion is that you'll be handsomely rewarded.
I agree with this. However, the basis of this thread alone was earnings based. Last quarter their earnings were tremendous, yet the stock price has went down, then down some more, then keeps going down. Earnings can be the same way but unless something else comes out with that conference call in regards to the next big thing, I do not think it will matter.
IMO your strategy is a good one being based long term. Those looking for a quick pop, I would look elsewhere.
1
Posted on 4/18/13 at 11:59 am to OnTheBrink
BTW BigFella, the title needs to be updated...
"Apple has went below $400.... would you buy if before earnings?"
"Apple has went below $400.... would you buy if before earnings?"
Posted on 4/18/13 at 12:50 pm to OnTheBrink
Now you're just being mean.....
Posted on 4/18/13 at 12:54 pm to LSURussian
I can see someone seeing the title about approaching $400, checking the share price, then saying "Man, it is running UP to $400. I am going to have to get in on this!"
Posted on 4/18/13 at 1:02 pm to OnTheBrink
I didn't think of that angle.
If someone thinks APPL is on its way UP to $400 and they buy it, it would be a perfect example of financial Darwinism.
If someone thinks APPL is on its way UP to $400 and they buy it, it would be a perfect example of financial Darwinism.
Posted on 4/18/13 at 2:14 pm to LSU0358
quote:
We have a winner, I agree 100%. Stocks are bought and sold on what people think is going to happen, not what has already occured.
So previous "price action" is irrelevant? or is it crucial to an investment decision?
Posted on 4/18/13 at 2:24 pm to Duck
quote:
So previous "price action" is irrelevant?
Edited so I wouldn't sound like a prick.
It's not a black and white issue with stocks. You can't say one thing is important and something else isn't. You have to know when certain things are important and others are not as important.
For instance, yes AAPL made a lot of money at the last earnings announcement. Evidently, that didn't matter and the price continued to plummet. If the price has dropped 40% when the general market has gone up, I don't care how good the earnings are, it's not a good stock to go long in. Might it have a bounce to the upside? Sure. But I doubt it sees 500 anytime soon.
This post was edited on 4/18/13 at 2:44 pm
Posted on 4/18/13 at 2:32 pm to Duck
quote:
So previous "price action" is irrelevant? or is it crucial to an investment decision?
I think you have to look at stocks differently in regards to your question.
In Apples case, the rise was due to what great product was next. iPod, iPhone, iPad, iPud, you name it, they were putting them out and they were game changers. Lately, all they have produced is a slightly modified version of the original products. The innovation seems to be gone. Tim Cook is doing NOTHING for shareholders with the wad of cash they are sitting on.
And I am not against buying AAPL, I am watching it very closely. All I am saying is don't fight the trend!
Posted on 4/18/13 at 2:42 pm to LSU0358
So I should buy stocks after they increase by 40% and follow the trend? I am honestly trying to figure out your sage advice.
I want you to show me some price action in CURRENT stocks and tell me what it means for the FUTURE of the stock.
Edit: Also don't mean to sound like a dick; however, you make a lot of generalizations and pass them off as fact in these threads.
I want you to show me some price action in CURRENT stocks and tell me what it means for the FUTURE of the stock.
Edit: Also don't mean to sound like a dick; however, you make a lot of generalizations and pass them off as fact in these threads.
This post was edited on 4/18/13 at 2:44 pm
Posted on 4/18/13 at 2:46 pm to LSU0358
quote:
Might it have a bounce to the upside? Sure. But I doubt it sees 500 anytime soon.
Like this. What is this based on the daily movement?
If apple's earnings grow at 20%, how much further can their PE be compressed to the downside?
Their trailing PE is now under 9.
Posted on 4/18/13 at 3:04 pm to Duck
quote:
So I should buy stocks after they increase by 40% and follow the trend?
It would be much better than going long after it has dropped.
quote:
I want you to show me some price action in CURRENT stocks and tell me what it means for the FUTURE of the stock.
I mentioned several in my previous post. But take CG for instance. Pull up a chart on Yahoo and notice where it was at in December of 2012. It went up ~50% by the end of Feb 2013. It had a pullback starting at the end of February and pulled back 20% or so of it's last move up. Is it a buy at that point? No. Let it prove it's going to hold a price level. Since early March it has gone up and down but has not breached the $29 dollar level. If it comes back to the 29.50 - 30.00 level it would be a good spot to place a buy order. You've seen from the PRICE ACTION that the area is holding support. One could give the stock some wiggle room and place a stop in the 27.50 to 28 level.
Does this work all the time? Nope, but it's made me good money.
quote:
generalizations and pass them off as fact in these threads.
I haven't said anything is a fact. No one knows anything in the stock market.
Posted on 4/18/13 at 3:08 pm to LSU0358
quote:
I haven't said anything is a fact.
You lie.
quote:
No one knows anything in the stock market.
FACT!
This post was edited on 4/18/13 at 3:09 pm
Posted on 4/18/13 at 3:17 pm to LSU0358
You haven't made ANY predictions of stock movement. You have simply gone back into time and fit your narrative to what actually happened in a stock.
I am fine with the statement of "be careful the stock is currently in a negative trend" or some bullshite like that. But to infer that someone is dumb for buying a stock due to the recent price action is asinine.
The above was your comment on April 10th referring to Gold & Silver. Perhaps your charting / investing advice in this thread is worth the same?
I am fine with the statement of "be careful the stock is currently in a negative trend" or some bullshite like that. But to infer that someone is dumb for buying a stock due to the recent price action is asinine.
quote:
When GS downgrades get ready for a drop short term. Then look for a significant trend change to the upside to take place.
The above was your comment on April 10th referring to Gold & Silver. Perhaps your charting / investing advice in this thread is worth the same?
Posted on 4/18/13 at 3:34 pm to Duck
quote:
Like this. What is this based on the daily movement?
It's based on an opinion, it might be right, it could be wrong. But thinking a stock is going to go up, just because it used to be high is an opinion as well.
Posted on 4/18/13 at 3:39 pm to Duck
quote:
quote:
When GS downgrades get ready for a drop short term. Then look for a significant trend change to the upside to take place.
The above was your comment on April 10th referring to Gold & Silver. Perhaps your charting / investing advice in this thread is worth the same?
And this is what I posted on April 13th after gold breached the 1500 level, and then fell about 180 more dollars...
"Serious Damage Done to Precious Metal
Bull market hopes on Friday. I've been bullish for a while with thank goodness no position.
~70 dollar down days in gold aren't common in a bull market. Unless gold rebounds to the upside early next week the gold bull is over IMO."
Posted on 4/18/13 at 3:44 pm to LSU0358
I never said anything of the sort.
I would simply rather buy a stock at an 8.8 PE compared to a 40 PE (2008 PE). Hell Dell is trading at a PE of 10.
I would simply rather buy a stock at an 8.8 PE compared to a 40 PE (2008 PE). Hell Dell is trading at a PE of 10.
Posted on 4/18/13 at 3:49 pm to LSU0358
quote:
And this is what I posted on April 13th after gold breached the 1500 level, and then fell about 180 more dollars... "Serious Damage Done to Precious Metal Bull market hopes on Friday. I've been bullish for a while with thank goodness no position. ~70 dollar down days in gold aren't common in a bull market. Unless gold rebounds to the upside early next week the gold bull is over IMO."
Ironic that you quoted that. By your own words, you wanted to buy at 1,500 and sell at 1,320.
Posted on 4/18/13 at 4:02 pm to Duck
Back to the OP, and to formalize my AAPL opinion.
AAPL is a good company that is still showing a nice profit on the earning side of things.
From a stock price standpoint it has gotten mauled the last 6 months. It has dropped from $697 down to a new low today of $389 for a 44% drop from its high. Each time it starts to head up and gains 5-10% it is sold off and make a lower price than when it headed up.
The above is a fact, the rest of this statement is my opinion which could be very wrong. I hope it is for those that are buying as I don't wish anyone to lose money. Buying here at $392 is very uncertain. There is no good place to set any kind of a stop order as there has been no upside. If AAPL where to break above the $462 level and not make a lower low below $389 on it's next pull back I would start to change my tune.
AAPL is a good company that is still showing a nice profit on the earning side of things.
From a stock price standpoint it has gotten mauled the last 6 months. It has dropped from $697 down to a new low today of $389 for a 44% drop from its high. Each time it starts to head up and gains 5-10% it is sold off and make a lower price than when it headed up.
The above is a fact, the rest of this statement is my opinion which could be very wrong. I hope it is for those that are buying as I don't wish anyone to lose money. Buying here at $392 is very uncertain. There is no good place to set any kind of a stop order as there has been no upside. If AAPL where to break above the $462 level and not make a lower low below $389 on it's next pull back I would start to change my tune.
This post was edited on 4/18/13 at 4:28 pm
Posted on 4/18/13 at 4:18 pm to LSU0358
You specifically said you were bullish before it fell through $1,500.
Posted on 4/18/13 at 4:44 pm to LSU0358
This is what I don't understand.
$392 is no good, but $389 is?
You won't buy at $392, but would buy at $462 or ~20% higher?
All snark aside, I honestly don't understand your logic at all.
$392 is no good, but $389 is?
You won't buy at $392, but would buy at $462 or ~20% higher?
All snark aside, I honestly don't understand your logic at all.
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