Aapl

[skiracer]

Would you have been better off shorting it right before it went down ten points? It makes sense to a technical trader.

Would you have been better off buying the best performing stock? It makes sense to a technical trader.

Would you have been better off starting an amazingly run, extremely popular restaurant franchise worth hundreds of billions of dollars? It makes sense to a technical trader.

Criticism is for critics. (And I found that paragraph very condescending). Thanks for the apology. Maybe I'm just not "technical" enough for the people around here, I'm too interested in "money".

The guy who started this site has his own discipline and strategys and plenty of times he takes alot of heat for both. The best thing about him is that he wears his techniques and views about how he invests with a calm resolution and strong belief in what he does. You can ask him about that any time and the answer you'll get is that we can all get along together regardless of our disciplines. We all like money and moreso the feeling of being right about a stock or position. Being right is at best a short term thing that fluctuates just like a stocks chart does on a daily, weekly, or monthly basis. I'm sure whether a long term investor or or short term trader you can appreciate the truth in that. The only real winners in all of this are those individuals that can absorb what others are trying to state while at the same time standing firm in their strategys and not taking offense when another investors views differ from their own.
I think New Born was trying to make an apology in his own way an at the same time acknowledge that you were right this time. Personally I find it hard to find fault with that or with expressing an opinion about a stock even though it differed from your point of view.
Being right was great. Acknowledging his restatement an apology would have been greater seeing that you did end up with the money.

[phobophobia]

The guy who started this site has his own discipline and strategys and plenty of times he takes alot of heat for both. The best thing about him is that he wears his techniques and views about how he invests with a calm resolution and strong belief in what he does. You can ask him about that any time and the answer you'll get is that we can all get along together regardless of our disciplines. We all like money and moreso the feeling of being right about a stock or position. Being right is at best a short term thing that fluctuates just like a stocks chart does on a daily, weekly, or monthly basis. I'm sure whether a long term investor or or short term trader you can appreciate the truth in that. The only real winners in all of this are those individuals that can absorb what others are trying to state while at the same time standing firm in their strategys and not taking offense when another investors views differ from their own.
I think New Born was trying to make an apology in his own way an at the same time acknowledge that you were right this time. Personally I find it hard to find fault with that or with expressing an opinion about a stock even though it differed from your point of view.
Being right was great. Acknowledging his restatement an apology would have been greater seeing that you did end up with the money.

It was not about me being right, I'm perfectly fine with being wrong. The only thing that he has said that hurt my feelings at all was when he said that (Paraphrasing) he's seen a lot of traders get overly sensitive about their stocks and that they are almost always incorrect. I felt offended by this because it was a reference to me (or seemed like it, since we were talking about me at the time). There is no negative feelings right now, there has already been an apology and I apologize for any attitude given.

[New-born baby]

AAPL's Move

Phobo,
I just read about AAPL's move to IBM from Intel chips. Here's the summation of the article. What is your opinion of it all? Is this guy correct in his advice?

Click on image. Then click on image again to enlarge.

Here's my view of things:

[phobophobia]

Phobo,
I just read about AAPL's move to IBM from Intel chips. Here's the summation of the article. What is your opinion of it all? Is this guy correct in his advice?

Click on image. Then click on image again to enlarge.

Here's my view of things:

If it were truly going to be a problem, there already would have been a huge selloff--and there hasn't been. The article is incorrect, current macs will continue to function fine. Apple is very well-known for keeping compatibility with old systems. Personally, I can't wait for the Intel systems... but I'm having a very hard time not buying an iMac g5. People who like Apple products and understand the CEO know why they are the future of computing--and gaining a lot of marketshare would be enough to make this stock a huge buy anyway. (I'm still very satisfied about Dell not meeting revenue estimates )

Personally, NBB, I would look for reasons to like the stock. Go check out an Apple store.

[mrmarket]

Apple stores are very unique and incredibly cool. Having said that, I'm on my second 40 gig Ipod in 12 months, and this one looks like it is going to crash as well. I play it 10 hrs / day and have 5500 songs on it.

Don't get me wrong, this is good news for AAPL. If GM made a car that lasted 20 years, it would hurt their sales in the long run.

[spikefader]

MM, yep, they are cool. I really like to glance around Apple stores and I dig the appearance of Macs. They are perty

But performance wise, AMD's Athlon 64 motivates me to keep enjoying them. In comparisons Apple Power Macs did well on Photoshop, but the 64-bit AMD-based systems won handily on most tests.

http://www.pcworld.com/news/article/0,aid,112749,pg,8,00.asp

http://www.barefeats.com/macvpc.html

and for graphics, AMD kicks butt. http://www.barefeats.com/mac2pc.html

Those results clearly put into question the accuracy of the early marketing statements that Apple put out there around the time the G5 was released.

I actually found a site accusing Apple 'tweak' their performance results, upon which they they based their early 'world's fastest' marketing claims. Basically, the author says "Apple used a few "cheats" to make the G5 look better."

http://spl.haxial.net/apple-powermac-G5/

Apple later reworded their advertisments in Australia and in the U.K, they were banned from claiming 'world's fastest" http://spl.haxial.net/apple-powermac...ned-in-uk.html

I don't know much about Macs and marketing of them over the recent past. I'm just not interested in them right now...or their iPods. (My daughter is, and we'll be getting her one for her birthday. That iTrip looks cool too).

But I do know this: charts don't lie; people do.



Daily:

Weekly:

[spikefader]

Oh what a difference a day can make. I should have looked at that triangle. Aren't they great!

Anyway, I can see that 60 is in range now and it should happen relatively quickly.

I took a nibble at the close at 48.80, chasing the channel turn up at close today. I will add some more on a return to tomorrow's pivot. 4% stop to target 60 or 22%.

[phobophobia]

Oh what a difference a day can make. I should have looked at that triangle. Aren't they great!

Anyway, I can see that 60 is in range now and it should happen relatively quickly.

I took a nibble at the close at 48.80, chasing the channel turn up at close today. I will add some more on a return to tomorrow's pivot. 4% stop to target 60 or 22%.

Hardware should be good, but it is not the user experience. Software is the user experience--and that is what matters. (And that is what Apple is best at). Plus, I love how the OS and hardware looks, it's like works of art. (And that is also part of the experience). The iMac G5 right now is a great value, I am still thinking about snapping one up... maybe after the next update.

It is foolish to try to insult Apple simply based on not having the fastest systems out there, even though they do have some amazingly performing computers. I would try to look at the company with an open mind. If this company would be the future Microsoft, would you not want to invest in it? (And think about how much money there would be to made coupling technical trading skills with having a great fundamental company).

Anyway, yeah. I know you don't believe me now, but you may look back on these comments and realize how silly they are (other people's, lol not mine). Intelligence and stupidity are the same thing until you see the results.

[spikefader]

you may look back on these comments and realize how silly they are (other people's, lol not mine). Intelligence and stupidity are the same thing until you see the results

Hah! Interesting viewpoint there I think the difference between intelligence and stupidity is that intelligence has its limits. LOL

Let's face it; smart people do dumb things, and most would agree that intelligence and stupidity aren’t mutually exclusive. In contrast to absolutes like hot and cold the irony of human nature is that we can be both smart and stupid.

One might think that Phobo suggesting posters here will be deemed stupid in 5 years because they didn't share Phobo's bullish views on the stock price is not only hilarious, but even stupid! lol (no offence intended)

But seriously, I don't think that results prove a man stupid, but rather his "what were you thinking" behaviour in circumstances that reflect either a deficiency of the will or degree of insensitivity he would rather forget. Whether it's blind folly or plain folly, indulgence, insulting rudeness, or reckless abandon, we all have the potential to do stupid things. This thread, and participants willing to go out on a limb to express their views on AAPL, isn't of earth-shattering consequence in the big picture. But how we express ourselves today to each other is a big picture concept in my book. And I just hope stupid people with stupid remarks will steer clear of it. If people don't have something nice to say, or can't say what they are thinking in a reasonable courteous manner then they are better off remaining a lurker.

As for positions in AAPL, long, short or flat, I think the only stupid person will be a bag holder of a losing position where they didn't exercise careful money management and risk assigning; or perhaps a bag holder that watched 100% of their profit disappear before their eyes because they didn't target well.

..the user experience..is what matters

Actually, my user experience includes hardware, software, and performance - total bang for buck. I prefer to have the high performance to cash ratio (something which Macs can't boast about relative to the competition). And if I'm insulting AAPL by critiquing performance, then AAPL has some issues AAPL needs to resolve

...I would try to look at the company with an open mind. If this company would be the future Microsoft, would you not want to invest in it? (And think about how much money there would be to made coupling technical trading skills with having a great fundamental company).

I actually look at every stock issue with an open mind. I don't fall in love with a stock, and I don't develop a perpetual hatred of one. What bites me today and stops me out may reward me tomorrow. What rewards me today can bite me tomorrow. I am ever aware of my vulnerability in this game of speculation. Price movement will always beyond what this little black duck thinks, so I prefer to trade based on technical system rather than fundamental interpretation of value. And this is why I am long today; not because I look at AAPL the company with an open mind and believe in the company, but rather because my own system of discipline generated a buy signal and I'm just a stoopid monkey at the wheel.

Go AAPL!

[spikefader]

Closed my position today for +11% close to the intrayday double top; I see a 5th wave completion on the daily and will look to buy the abc correction.

[dmk112]

Closed my position today for +11% close to the intrayday double top; I see a 5th wave completion on the daily and will look to buy the abc correction.

Good going spike, although don't you think intraday patterns are pretty much irrelevant? I mean I can probably spot a double top on almost any day, for example yesterday, you could of argued a double top easily.

[B.J]

Closed my position today for +11% close to the intrayday double top; I see a 5th wave completion on the daily and will look to buy the abc correction.

Nice going Spike!

I reduced a bit myself. Took your double top into account, but mainly trimmed ahead of the Green Man So far I've sold 75% for an average about 12%, and I'll hold the remainder for a bit.

[spikefader]

Good going spike, although don't you think intraday patterns are pretty much irrelevant? I mean I can probably spot a double top on almost any day, for example yesterday, you could of argued a double top easily.

Thanks. The intraday double top wasn't the reason I exited today; it just helped me decide to pull the trigger. I actually chose today to exit during the strength in what I see as a 5th completion. Today's candle looks like I did the right thing. I'll look to buy the abc and ride it to 60.00.

EDIT: and as to the relevance of intraday patterns I'll just say that I am a strong believer that patterns can and do help with entries and exits. Yes, there are potential double tops occurring often and naturally they fail. Timing is a good balance of luck and art. But luck favors the prepared.

[spikefader]

Nice going Spike!

I reduced a bit myself. Took your double top into account, but mainly trimmed ahead of the Green Man So far I've sold 75% for an average about 12%, and I'll hold the remainder for a bit.

Good one! There will be another perfect entry for AAPL soon enough. I just hope I catch it after a nice healthy abc. The lower the 'c' the bigger the target Hopefully it will be about 25% target (i.e. 'c' completion at 48.00ish). Back to stalking.

[Runner]

anybody think AAPL is ready to climb up? I think it looks pretty good on the long side right here...