Seeking Alpha
  • XRTrader
    AAPL makes a little "V" bottom and closes near the high of the day: up $22 from the intra-day low. Weird action. Added more at $510.
    11/16/12
    Reply (21)
    • apspice: of course you did. just happened to buy the exact low of the day.
      11/16/12
    • gwinsto: $505 was the low of the day and it will see $505 again before long....
      11/16/12
    • andyk80: I fortunately closed put day trades near the very bottom of the day. Choosing to do so with the sell off into the European close.
      11/16/12
    • andyk80: Just so happened Boehner came on TV immediately after.
      11/16/12
    • apspice: i bought Feb calls around 517.5 this morning. cant pretend to know the short term, but fundamentally it is trading below its typical floor
      11/16/12
    • apspice: if macro issues can get resolved, this could easily approach its highs heading into this Godzilla january earnings report
      11/16/12
    • andyk80: It will not approach highs heading into earning. You are smoking crack.
      11/16/12
    • apspice: please tell me why you are so sure? do you understand the projected numbers they are going to put out?
      11/16/12
    • apspice: if u have traded aapl for a while theh u know it is prone to massive runs in one way or the other.
      11/16/12
    • apspice: if i would have told u it would be trading below 510 a month ago you would have told me i was smoking crack
      11/16/12
    • XRTrader: apspice - I did buy. I also bought at $550 and $600. I think it will bounce but don't care where the stock is a week or month from now.
      11/16/12
    • XRTrader: I'm allocating capital for the next year or two: 2% div, growth, cash hoard. Nice place to park capital. 2013 catalyst of China mobile & iTV
      11/16/12
    • XRTrader: Some commenters on SA seem to think u gotta make 20% a month. Make 15% a year & I'll have 10s of millions @ 60 years old. AAPL $675 by 2014.
      11/16/12
    • Seth Walters: I bet you can make 10% on AAPL before the market crashes if the fiscal cliff gets resolved soon. I think the capital gains stuff is the
      11/17/12
    • Seth Walters: main reason why it's been going down so much.
      11/17/12
    • Seth Walters: That said, I'm nervous about the idea of being long right now for even 2 days in a row.
      11/17/12
    • apspice: XRT - i share your thoughts exactly. I think 675 by 2014 is conservative, truly. AAPL trades between a 12-15 P/E on TTM EPS.
      11/17/12
    • apspice: currently a little aboce 44.10 TTM EPS, so if it stas within its normal range that shows an upper band around 661 and thats only until Jan..
      11/17/12
    • apspice: ..ER expands the TTM EPS even further. Obviously it breaks this range from time to time, as it just did 12 P/E was 529, and those present...
      11/17/12
    • apspice: ...great buy opps. Alternately, when it trades much above 15-15.5 P/E, usually indicates a short term top is near.
      11/17/12
    • Adam Jackson: An update from SA for StockTalks: we're now tagging tickers inside StockTalks only if they are preceded by $ signs. Please spread the word.
      11/19/12