I am a new AAPL trader but have made profit on every trade. I am also new to options and made a mistake when I thought my order was filled so I was no longer in my position. I logged in the next day to see that I actually had 5 contracts left in which 3 are $595 Jan, 13 and 2 are $600 Jan, 13. Both were around $30 bucks. Unfortunately that next day was the beginning of the slaughter that has lasted until today. Overall, I have made about 10 trades and 3 option plays on AAPL and all have been profitable except one short where I lost about 80 bucks. I am a day trader-short term trader meaning I usually dont like to stay in a position for more than 3 days. I have about 15 stocks that I play and will usually drop or add a few each year after the times change and fundamentals on stocks change. AAPL was just added to that list and broke my rule because of greed I tried to stretch one more play in after I had made some good profits on it but I knew not to play anything before the election (unless you were going to short coal (ANR was the play, 1 day 5K easy)the day before the election and buy gold). Anyways, if my options didnt expire before the quarterly results I would have no doubt that this is going to get back to 600 but it expires a few days before. I think there are a few things that could make this stock go up pretty big but I also see a few factors calling it to go lower. I am looking for educated opinions from both long and shorts. Would you go ahead and get out taking about an 7K loss or do you see this stock at least getting in the 580s within the next 30-45 days? I have been a long time member of yahoo finance so I know we are going to get some ridiculous posts but I do thank those in advance who take the time to give some advice/opinions.
The problem is this stock went up too high too fast, so it must come down + add steve jobs death + samsung competition + some FUD = $545. The fundamentals are still strong, so AAPL will go up. Honestly, i don't want aapl to go up $70 in two weeks because that way it will set itself up for a crash again. Also, i think AAPL will trade sideways for some time because its a market barometer. Until the fiscal cliff issues are resolved, markets will tank and so will aapl. I am going to buy big when the fiscall cliff non-sense is resolved.
this stock had no business going under 600. none! look at the excuses for the selloff they make no sense whatsoever. the stock will rally before earnings and i see at least 600-20 before the earnings. i also see the same funds that sold breaking thair necks to get back in after earnings. still calling for prints in the 700's before the spring next year.
I think the stock has been over sold and everyone is worried about competition and market share. Apple will continue to grow but maybe at the previous sky rocket rates we have historically seen. My projection is that this stock is going to continue to bounce for a while both up and down but stay in the lower 500 range.
I believe the stock will go higher by January 13th, but I wouldn't bet on 600 at this point. It is a great company with tons of cash and a great PE. The stock will go up...but maybe not as fast as you need. This doesn't seem like the correct stock to day trade !
Dude, aapl will be 600 in 2 weeks. Just have patience. I guarantee you it will be 650 before Jan expiration. I am down 90k on my stocks (no options) but I am not concerned at all.
Of course you think it will go up to 650k. You have money invested & are down 90k. Your hoping & not objective. This stock will be $350 by january. Its been dropping $100 almost every month since october. aapl will test 600 this upcoming week. Fridays run was people covering there loses.it was a dead cat bouce......... I think you should panic & sell
Sentiment: Strong Sell
I appreciate the inputs and keep them coming. I think the sell off was because the tax issue and some bad news. Also, I think the Ipad Mini was a terrible idea. With that said, I have seen this stock move fast and if the market gets good news and if in fact a large part of the sell off was what a lot of the experts think, it should hit at least 580 in 45 days. I mean it was down 70 bucks in one week! We only need 32 bucks in 45 days. Its just crazy to look at the fundamentals compared to its peers, this stock should be trading way higher. I think the China thing could be big for growth and some of yall may be against it but if Apple were to create a gaming console or TV then watch out! Gaming has now passed porn as the largest entertainment industry. This year has been slow and its because its at the end of a system cycle. Next year and the following 3-5 years will be back booming.