from the guy who said to sell apple at 70, 80 90, 100, etc.
when a stock gets upgrades and drops from 118 to 111 in minutes, it isnt investors selling, it is pure trading manipulation. big money hitting that stock hard to drive it down.
apple will be buying back stock heavily here. why not buy the living daylights out of the stock when they know they are going to beat down the concensus estimate by a mile?
what a christmas gift for investors. next run is from 112 to 130. give it a day or two for the buyers to begin taking out all the sellers.
the traders take it down based on ???? apple has alot of upside to come, but the traders take it down so they can more more money. it is an amazing feat of massive scale in terms of the dollars used to execute these trading strategies, but we have seen this playbook before many times. dont buy too late or sell in a panic.
this is the same pattern that always happens when apple needs to take a break from its ascent. got to shake out the weak hands before we can move beyond 120 to 130 and 140. it is just trading
there were similar patterns twice during this run-up. they just need to shake out the weak hands.
if you are frustrated with apple, then your memory is very short. sure it had a bad week, but it was just traders doing their "thing" this the identical pattern that happened twice before, and then it runs up again. it is the pause between advances. i expect it to test 113-114 again a time or two and then once all the weak hands are out next week, resume the upside.
noone is that stupid. he says the reason is the end of the iphone 6 cycle, but we have to go through blow-out earnings before there is any potential evidence that sales increases cant be maintained. betting short on some unknown future trend, in the face of an earnings report with a known upside catalyst is insane. he is actually just trying to get the price down so he can buy it heavily. you cant trust these wall street goons.
these are not mistakes, they are coordinated attacks and the trading strategy employed involves options writing, buying put options, buying and selling to themselves and creating a trading range based on technical factors. essentially, the traders force the stock into a technical pattern where they can make profits and the overall market is not strong enough to fight it, even with major analyst upgrades piling in.
this was a trading strategy executed by a single trader or group of traders. they do this all the time and apple is a great target because of the liquidity. wonder why apple closed just under 115? they had to kill options premiums. i have seen this same playbook. notice the volume is very low. the traders eliminate volume by killing any rallies, but there are not very many sellers of the stock, so it just sits there. this is the time to buy and hold for the next rally. which might take another week to materialize.
while i agree that calls are not supportive of stock price, there is little chance of apple at 80. the stock is moving to 140 after earnings, only a matter of whether it runs in dec or jan.
once again you are lying through your teeth. buying AFTER the rally is a sign of a poor investor/trader
from my experience the stock will not pop on Monday or even through most of the rest of the week. the thugs who run these trading algorithms will need to unwind their positions and keep it down in this sideways channel for a while. i dont know the exact details, but that is what i have seen in the past. somehow the big money managers dont have the willpower to step into this situation and move the stock past the traders channel. it is a bit insane to me, but that few minutes where apple fell from 119 to 111 convinced me that there are traders who run algorithms with big money and can push ANY stock, even apple anywhere they want to in the short term. and the rest of wall street is too befuddled to make that a losing trade for the traders, as long as the traders are trading in alignment with some technical levels. fundamentals matter in the long run, but in the short run - not at all. i'm just patiently holding apple for the next earnings release, where they crush the pessimists. it is even possible apple sees muted gains until january and then explodes up. i cant see the path from here to earnings, but i know after earnings we sit at 140-150.
so typical. wish i had a billion and could burn these guys out of their very obvious games. i really wish apple would take a billion of their buyback and teach these options thugs a really hard lesson by sending the stock price soaring. that might put some of these traders out of business, or force them to move on to other stocks for their games.
as i said previously, the traders are in control of this stock and wanted to keep it down. they trade the range and make a few bucks here and there. and they squeeze out any weak hands or momentum players, who cant stand to wait a week for the stock to move up. just hold on and wait for the next move up.
making money in the stock market means buying when a good stock is trading ugly.
but the process was very fast, only taking a week. next week we move up again. this is just those wall street traders using their billions to push the stock price around. it is purely trading strategy, not investing strategy, so it can only be executed for a short time period. investors will force the stock up next week. there are too many catalysts for apple.
will break the upside. just buy more. when the thieves play their games, you should play the opposite side and make money.
this is just a traders range. they killed it monday and now are making a few bucks swinging it in a narrowing range. but this range seems like it will break through pretty fast. it is a very tight trading range and very few sellers of the stock to be wrung out now.
the traders are playing with apple, keeping it in this range, but noone wants to sell, so very low volume. they killed off the spike at 117, which was to be expected, but it is only a matter of time before the next spike happens
this is the same exact pattern the traders set up previously. at the end of the big move up apple does this pennant formation and then breaks out to the upside. it is their way of weeding out weak hands for the next move.