Last earnings it did not shoot to the moon instantly after hours, but after 48 hours it was up big time. Out of the money calls were selling at a hefty premium. In the money calls not nearly as much (duh). The calls were a serious gamble given the premium. Still .. with a major 33% increase in earnings and growing penetration in the massive Asia market, and an increase in returns to investors through buybacks and dividends...I could see a daily climb up to the high 130's before the ship runs out of steam.
Agree all signs point up...after much patience it would be nice for us to get a payday.
...and there was much rejoicing. (A Monte Python and the Holy Grail quote) somehow works on many levels.
Seems like a classic sell on the news scenario. Consumer response to Iwatch is unknown at this point. Its a product that is breaking some new ground compared to other 'fitness' watches. Straddles between a fitness watch with APPS and a communication swiss army knife. Investors hate the unknown and Iwatch is unknowable. 6 months from now we have an understanding of the consumer response, the developer response, etc. etc. I think the missing link today amongst the bears and sellers is that Apple is building out its ecosystem again...and that the new products are certainly accretive to earnings, short of a total flop. Apple lives off introducing game changers and then evolving them into better and better products. Same deal here...they will let the people buy and react and then guide the R&D (ie battery life, screen size etc) to serve the demand that they have created.
I've seen both scenarios of the last few months of Fridays. Mostly...a tight range bound PPS close to some round maxpain expiration value...but occasionally the PPS gets away from 'them' and runs up or down. today the $130 barrier seems hard to breach.
Ok...so it broke 126.93...not sure what that 'support' meant. TA people please step in here and explain.
I am NO expert, but from my reading on StocksTA last night it seems the next 'support' is 126.93. breaking through that would be a signal for the TA crowd to sell more. JMO. GLTA.
Long and strong...
I see your posts from time to time...
The investor village MB has some familiar names and they do a nice job of breaking down some of the science, the pipeline, the partners, and reading between the lines on the conference calls. You gotta love the queue of trials and upcoming results...me-hopes this time around is better than the Indiplosion. Not all the eggs are in one drug basket...could be a great year!
Was doing a mass cleanup/purge of old papers, and file cabinet re-org and found my original trade confirmations from Gruntal and company...1997 or 1998...still holding those shares.
Curious as to your take on whether NBIX is still an independent company this time next year?
There are TA guys who supposedly can divine the 'support' line. I look at things fundamentally, but also peak at the RSI which was screaming overbought. I still make plenty of wrong decisions...out of fear and greed. I was nodding as I read your post.
Not sure I agree with the support line at $130. Seems like the overbought state will lead to a bigger sell-off. I think it goes to $127 by Friday. Long term AAPL is a major HOLD and buy as an investor on dips. But very short term I think this falls a bit further. DISCLOSURE: I am holding puts so I may be biased :)
Ok...so I was too early and totally wrong on this prediction and got the snot knocked out of my puts last week. Trying again this week with the 130 puts...so far I am in the red again...but the dude abides. GLTA.
I believe those shares that went for $36.00 were executable today. Given the low volume today it does not look like those who bought at $36 were anxious to take a small profit and run. We will need to help raiguy a bit going forward. He may be a better punter than investor.
You have to admit that this board has more than a few knuckleheads, looney birds, and pathalogical liars. I was making a joke at the expense of the wing-nuts...not at the general reader of the MB. I happen to agree with clgl_fubar and have read Graham. I trade options on AAPL but only with 'play' money. My real investing is quite boring.
Posting this kind of market wisdom here is like trying to sell foie gras on the infield at Talledega...but I appreciate the effort :) Have a great weekend.
Did not realize the EOD dump was related to the Greek thing. I put little value in the AH & Pre-Market moves unless they are huge. This AM for instance AAPL was down $.50 pre-market..and we all saw what it did today. As stated I was lucky to get out of the puts...the premium was too high for the time left. With all my powder dry I will wait for the premiums to get smaller before trading more options.