Chuck LeBeau

After Long Run, Apple Chart Turns Bearish

I agree that AAPL is headed to $250.

Re "patient investors" - How much patience will be required to get back to even in GM, Lehman Brothers, FNM, Texaco, Chrysler, Polaroid, etc, etc, etc. ?? Will you be a seller at $250?


On Dec 08 11:52 AM where's mick flaherty ? wrote:

> You know what........boys and girls ?
>
> APPL is going a lot higher (try 250) and this piece only re-enforces
>
> my disdain for chart readers.
>
> Oh yeah....once in awhile they hit a single
> off a nice slow moving pattern but overall they simply give solid
>
> fundamental, patient investors a shot at putting on a position at
> a
> "steal" price if enough readers fall into the drivel !
>
> Good investing be yours,
>
> Tom

After Long Run, Apple Chart Turns Bearish

On Dec 07 03:29 PM jmmx wrote:

> @ maverta
>
> Lighten up dude! He is not talking cause or reasonableness of the
> move, he is just talking from a technical analysis - which is a type
> of analysis that some people use that ignore all else but the chart.
> You may not be interested in this, but some people are.
>
> Personally, I think that some big money sets are hurting for cash
> and cashing in their chips. Also, Apple has had a great run up. It
> needs a breather. Not everyone is so bullish as you are, and they
> are taking profits. That is what happens, you get a run up, you need
> a breather.
>
> What I think will happen is that it will drift down to $185 +/- and
> go sideways until figures start coming in after Christmas. Then we
> will see the estimates of sales, and in January the real figures
> will come out, blow everyone away, and it will rocket once again.
> It will advance all the stronger for all the flakes having bailed
> now.
>
> My humble opinion - just hang tight.


I agree. Looks like sideways for a while. A quick check at SmartStops.net indicates that sideways will turn to down if price breaks below $185.39 (pretty much what you said).

Apple's Uptrend Is Officially Broken

I checked at SmartStops.net and the service indicates that AAPL is a hold unless it breaks below $185.39 today. This number adjusts daily based on contractions and expansions in volatility.

Yahoo vs. Tech Stocks: Sad Snapshot

Yahoo shareholders could have easily sold their shares in the mid twenties March through June and if they still believe in the fundamentals of the company they could be buying back twice as many shares now.

But that would have involved abandoning Buy and Hold and using some simple technical analysis.

Don't forget - its where you sell that determines the outcome of your investments. Buy and Hold has returned less than zero over the last ten years. That applies to the Dow Industrials and also to Yahoo which was trading above $28 ten years ago in November of '98.

If you are "Seeking Alpha" try spending more time working on exits. That's where the Aplpha is hiding. Buy and Hold is not just dying, its already dead.