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

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ThaBigFella
LSU Fan
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Member since Apr 2006
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Apple up over 10% and $47 since last week....what do we see first $500 or $400


Seems like the buyback has put a floor under the stock, the diminishing margins are worrying but it seems to get a 3% dividend to wait and see whats next

So what do we see first....$400 again or $500 on the uptick?



This post was edited on 4/29 at 1:43 pm



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BennyAndTheInkJets
Arkansas Fan
NYC
Member since Nov 2010
3846 posts

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


That's tough. All technical indicators are basically right in the middle or slightly upticking. It just crossed its 50DMA and RSI is still around the 55 area so it has more room to go. The big resistance level will be the $460 area and if it breaks that then the next stop is $507. From a demand perspective I don't think we'll see hedge funds having as big of positions in AAPL again compared to what they had relatively, honestly that was just ridiculous on their part and they got burned when they all tried to liquidate shares at once, making the sell-off more dramatic than it should've been.

I'll have to say based on equity momentum slowing down I don't see it hitting $500 before $400, which would actually be very beneficial to the company if they can have the buyback program take place around $400.






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ThaBigFella
LSU Fan
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Member since Apr 2006
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re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


I actually read in barron's the other day that tons of fund managers said if it broke through $425 they WOULD BE BUYING.....that was their resistance point so it'll be interesting with the buyback + dividend you're looking at a 7.5% yield with no growth, so Im definitely long from near $400 just happy to see it finally on an upswing, hope it continues, it's vastly undervalued in my opinion and the huge selloff and panic is what caused a drop.....google's charts show a similar drop after a huge runup a while ago, and theyre right back at $800+ now





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GrantTheFan
LSU Fan
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Member since Nov 2010
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re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


I'm in as far as I'm willing to go with it now, so I'm hoping to see $500 before $400. It should have a pretty solid floor with the capital allocation plan announced last week, which can keep it steady through the summer, imo. Hopefully, they have a pretty good refresh cycle announcement, a 5S should help margin reduce margin pressure and if they surprise us with something new, we could see a pop. That's the angle I'm betting on happening, anyway. I've hit some and I've missed some, but I feel pretty good about it.





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BennyAndTheInkJets
Arkansas Fan
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Member since Nov 2010
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re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


quote:

I actually read in barron's the other day that tons of fund managers said if it broke through $425 they WOULD BE BUYING

As a general rule of thumb, whenever you read what a manager says they will do in the media you should probably discard the information. Very rarely will managers openly say what they are and will be doing, because when they have in the past they have often gotten burned.






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Interception
Providence Fan
Member since Nov 2008
11089 posts

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


$400

Then they unveil buy back program. This stock needs a new catalyst to drive it up.






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LSURussian
LSU Fan
Baton Rouge
Member since Feb 2005
80199 posts

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


quote:

$400

Then they unveil buy back program.
AAPL unveiled a new buy back program last week.






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NC_Tigah
LSU Fan
Member since Sep 2003
50656 posts

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


quote:

LSURussian
quote:

Predict AAPL's closing price for Wed., April 24...
Oh wait . . . . I think I thought that "4" was a "9".






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Chad504boy
New Orleans Saints Fan
Five Oh Four
Member since Feb 2005
79285 posts

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


I hope it gets to 700 again w a 8 % dividend





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Interception
Providence Fan
Member since Nov 2008
11089 posts

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


quote:

AAPL unveiled a new buy back program last week.


Sweet!

Great news for investors plus the dividend. Their P/E is looking low compared to other companies in their sector. What's the growth story though? Is the Apple TV gaining any market share?






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matthew25
Ole Miss Fan
Member since Jun 2012
3359 posts

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


2.9% yield??





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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


up $4 premarket....the uptrend appears to be intact! finally for all us apple bulls

Russian Billionaire just bought $100M worth of stock too!

LINK



This post was edited on 4/30 at 9:40 am


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bpfergu
Arkansas Fan
Member since Jun 2011
3398 posts

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


I'm expecting a pullback and potentially testing the 400 area before thinking about breaking into the 500s. That being said, I plan on buying a couple of call options on the next pullback.





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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


a pullback?!?!?! they just crossed $440, they just announced a giant buyback and dividend increase....while still killing it with sales and marketshare intact without a new product release and plenty of new stuff on the way, so much is enticing that a man just plunked $100m of his own money on apple.....will the apple bears just give up already this company is just too damn cheap

look at googles chart a few years back, huge run up followed by a huge pullback, apple appears to be on the same path...i hope



This post was edited on 4/30 at 11:00 am


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BennyAndTheInkJets
Arkansas Fan
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Member since Nov 2010
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re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


quote:

a pullback?!?!?! they just announced a giant buyback and dividend increase....while still killing it with sales and marketshare intact without a new product release.....will the apple bears just give up already this company is just too damn cheap

So all that hasn't been priced in already? AAPL is moving up right now based on technicals, fundamentals are already priced in. It does have about $20 to go from a technical side, but I'd be cautious of it breaking that $460 resistance, plus we're coming up on May. I have no idea why "sell in May and go away" keeps working year after year after year. But news timing always seems to work out that way. My old football coach used to tell me "The definition of stupidity is doing the same thing over and over and expecting a different result". So... I'd be cautious in AAPL's moves going forward.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
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re: Apple up over 10% and $47 since last week....what do we see first $500 or $400


all you said is true benny BUT

the market also said apple was fine while it plunged all the way down to $385, so the techincals aren't always in line. I don't know about you but every single one of my holdings is pretty much at 52 week highs EXCEPT apple so to rebalance and shift your winners into losers I would be 100% apple right now, so many of my stocks like PM,MCD,KO are trading at crazy valuations at this point its scary, apple seems to be the only one priced right at this point






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bpfergu
Arkansas Fan
Member since Jun 2011
3398 posts

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


Yes a small pullback. I still think it will go back up over 500+ in the future, but I expect a small pullback first. FWIW I think we have basically hit the bottom for all intents and purposes. I just don't see 400 being broken. However, testing it is certainly a possibility.

I'm not sold it will stay above the daily 50MA the first go around (it has tested it 3 previous times in the last 5 months and wasn't able to break through any of them). And even if it does, it still has to deal with the weekly 50MA which as history has shown has been an incredibly powerful psychological support/resistance for AAPL. Also I really like Ichimoku clouds as a good future indicator and so far it isn't giving me any indication that we are turning long-term bullish.

Apple just dropped like 40% in value in 8 months. I think a period of consolidation is not out of the question.







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BennyAndTheInkJets
Arkansas Fan
NYC
Member since Nov 2010
3846 posts

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


Agreed on a relative basis that it's undervalued compared to other equities, but I'd be more worried about the macro market factors now. Momentum is slowing down in the S&P, so while I'm fairly confident holding AAPL for the next couple months will give you alpha compared to the S&P or Nasdaq, I'm not confident in positive absolute returns.


This post was edited on 4/30 at 11:21 am


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Northwestern tiger
New Orleans Saints Fan
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Member since Oct 2005
16577 posts

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


I'm thinking about selling today and buying back at 400$. I bought at aroud 415$





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SouthOfSouth
USA Fan
South of I-10 till I die
Member since Jun 2008
31172 posts

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


Getting that AA+ rating on their debt was big. Most thought they would get A+. Up 3.3% on the day. FAP FAP FAP. I'm a little worried about a pullback and I'm thinking of getting out if I can get it up to 450 or so.





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