Completely agree too, it's time for longs to dump too, it's morphing into msft right in front of our eyes and has been explicitly stated but people are in emotional blindness
I am long aapl, with avg in the 430's, but dont think it will hold the 200 dma or the fib retracement at 463. I think it will go towards 440 and range from 430-520 for the next few years. David Tepper said to sell if nothing new in september, well here we are, and all disappointment.
I see it as the new intc, trade the range from 19-24, and aapl from 420-520. It's not going to 300, too much cash and brand recognition.
You have to give her and the fm bunch some credit, they were dead on during Mondays show about sell the event. The china mobile deal probably wont happen any time soon. I am an apple long and love their products but was quite disappointed today with the new products. All the public and market sees is new colors, which is not innovation. I think the value of the company on fundamentals is 520-530, which is where I will sell.
Enthusiasm=sentiment, it is the inherent basis for elliot wave/fib. The amateurs on this board are amazing, no wonder they lose so much money
wow, you guys are sensitive. No wonder aapl-philes gets criticized as a cult-like. My point is not towards the overall long term position of the stock but rather the upcoming week. It's my largest long position but if everyone is telling you to buy based on some ta markers, be careful. The market maximizes losses and the retail investor is usually the victim, with false media reports at the heart of it. For example, WSJ, which reported about china mobile on fri, is a notorious shill for the hedge funds, similar to cnbc. It will be great when it happens but am weary of a setup.
I'm long aapl but this amount of optimism is usually a contrarian signal. The negative sentiment on fast money (especially Brian Kelly) is positive for the stock. Options are pricing a 4% move this week so the talk of 550 may be out of hand, 520 seems possible though
An amazing phenomena with aapl is how close it follows elliot wave/fib. Look at fibline on aapl marketpulse, he is almost always dead on
Agree but i tend not to think it is a chl deal, those things have a tendency to be known by insiders and at least mildly leaked since it would be a big announcement. It would be too hard to hide
AAPL has had a string of sell the news events, so I wouldnt expect much news wise to drive the stock. AAPL seems more driven by technicals/fib than fundamentals
what's your wave 5 target and timeframe to get there? I think wave 3 gets us to 600-650 by early next year and 5 gets us to 820
How does the 20 dma play into your model, if any, since its near 487, rather than the 50% retrace at 483?
Chill, interesting point about the golden cross (given death cross earlier), so you're saying it's around 507 for a closing price? Fib analysis has aapl going to 600 by january