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Nathaniel Matherson
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I'm an active investor and trader with 4 years experience. I use a combination of Fundamental and Technical Analysis. I live in the Bay Area, California but attend college at the University of Delaware. I grew up in the Bay Area in California about 45 minutes from San Francisco. This year I... More
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  • Apple Analysis: January 15th, 2013 1 comment
    Jan 15, 2013 11:39 AM | about stocks: AAPL

    I keep my technical analysis simple for the most part. Check out my articles on Seeking Alpha for qualitative analysis! You can follow me on Twitter @CircaAlpha and on Stocktwits @Circa!

    Apple (AAPL): A couple days ago I mentioned Apple was wedging between the downward sloping trend line and the horizontal support line at $500. I predicted a move beyond either of these lines would continue in the same direction for the next few days. Since then Apple has taken out the $500 level and should technically continue to the downside. $425 seems very possible and previous resistance should act as support. I remain long Apple and have no plans of selling anytime soon. Fundamentally it looks strong as well as demand for the product, from the younger generation, hasn't gone anywhere(I am part of the younger generation and live on both coasts). If I were Apple I would announce a large share buyback and also a 10:1 split as soon as possible. Feedback is always appreciated!

    (click to enlarge)

    Disclosure: I am long AAPL.

    Stocks: AAPL
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  •  
    Agree on 10:1 and buyback. How about dividend increase?

    Hopefully big bounce next week (even starting before Wed. close), on surprise to upside w/ earnings. My analysis points to $15-16B. (Hoping AAPL holds where at, clsoe to 500 'til then; else partial liquidation miht be required.) Thought tax buyback would have kicked in stronger now. Uuuuughhhh!
    16 Jan, 03:34 AM Reply Like
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