AAPL Cheap To Get In Again!
06-04-2007, 09:41 AM
#22
Registered User
Right now everything depends on the iPhone. To me the PE ratio is scary-high but I thought that back when it was around 80. My friend who does nothing but buy-and-hold AAPL is, of course, deleriously happy but also expects a split now.
5-10%?
06-07-2007, 07:07 AM
#26
Administrator
WARNING** Do not chase AAPL here!! This is the beginning of the end of this run up. Monday this stock takes a big hit IMHO. If you hold the stock it's time to start looking at taking profit into today's frenzied buying.
11AM and we've already reached average daily volume. One more day like this and it all comes tumbling down. This according to Guy Adami of Fast Money who I'm inclined to believe. To protect what I have I'll be buying a July 120 PUT either today or tomorrow depending on the price action.
11AM and we've already reached average daily volume. One more day like this and it all comes tumbling down. This according to Guy Adami of Fast Money who I'm inclined to believe. To protect what I have I'll be buying a July 120 PUT either today or tomorrow depending on the price action.
06-07-2007, 12:52 PM
#28
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06-07-2007, 02:59 PM
#30
Administrator
That's a mistake. You shouldn't sell it yet.
I didn't say I was shorting AAPL, I said I bought a PUT to lock in my profits. It's $300 worth of insurance to make sure I have a floor. Incidentally, I bought a July $120 PUT at 11AM for $3.20 and sold it at 3PM for $4.10. The stock ramped up to $127 with 30M shares traded by 11AM today. This to be was a tell of an impending stampede followed by a big selloff.
It turns out that it settled back down to more moderate levels shortly afterward to the point I felt the PUT wasn't necessary. I'll keep a watch for the massive spike in trading volume which should signal an impending selling as the days go forward.
What you are looking for is two days of 3x normal volume trading, that should be the signal to sell some or at least protect your position with a hedge. You shouldn't sell all of it, it's going to go way, way up for at least another year or two. You want to be on that ride. The point of selling ahead of the news is to be able to buy the shares back at a lower price, not to get out of the stock. It's the dip you need to load up.
I'd never short it, that's crazy.
I didn't say I was shorting AAPL, I said I bought a PUT to lock in my profits. It's $300 worth of insurance to make sure I have a floor. Incidentally, I bought a July $120 PUT at 11AM for $3.20 and sold it at 3PM for $4.10. The stock ramped up to $127 with 30M shares traded by 11AM today. This to be was a tell of an impending stampede followed by a big selloff.
It turns out that it settled back down to more moderate levels shortly afterward to the point I felt the PUT wasn't necessary. I'll keep a watch for the massive spike in trading volume which should signal an impending selling as the days go forward.
What you are looking for is two days of 3x normal volume trading, that should be the signal to sell some or at least protect your position with a hedge. You shouldn't sell all of it, it's going to go way, way up for at least another year or two. You want to be on that ride. The point of selling ahead of the news is to be able to buy the shares back at a lower price, not to get out of the stock. It's the dip you need to load up.
I'd never short it, that's crazy.