Picking up Apple Cheap

[ajohnson69]

Looking to get into some Apple (AAPL) tomorrow at 172 .... hoping to pick up 6%-10% during the Mac Convention if it gets up there this week I'm taking it and getting out, if not going to hold a great company that I got at a cheap price that'll get up to 210-215 by the end of the year

[TCD619]

it'll skyrocket.
i saw the headline and was like "um, cheap?"
everytime they unveil something new, its booms!
gl aj69

[ajohnson69]

Originally Posted by tdiddy619

it'll skyrocket.
i saw the headline and was like "um, cheap?"
everytime they unveil something new, its booms!
gl aj69

yea i guess they got a new laptop coming out...thanks diddy

[TCD619]

anytime.

[Goods]

I traded AAPL all last week. (Best was when Wednesday's huge late rally presented a beautiful short. AAPL sat flat while the market rallied Thursday because the bulls shot their load Wednesday afternoon. So when Friday's market beat down came along, AAPL was an easy target.)

AAPL has doubled the past year. If we slip into recession, AAPL's bound to eat it's share as people pull profit and hold their cash, IMO.
As long as it keeps stealing PC marketshare and understating their earnings it's a monster but be careful this week as earnings are due on the 22nd. They're bound to surprise as usual, but people have come to expect it. In this brutal market, they come out with anything less than outstanding or give flat guidance, the stock will likely tank hard, at least short term.

Just a head's up.

[ajohnson69]

Originally Posted by Goods

I traded AAPL all last week. (Best was when Wednesday's huge late rally presented a beautiful short. AAPL sat flat while the market rallied Thursday because the bulls shot their load Wednesday afternoon. So when Friday's market beat down came along, AAPL was an easy target.)

AAPL has doubled the past year. If we slip into recession, AAPL's bound to eat it's share as people pull profit and hold their cash, IMO.
As long as it keeps stealing PC marketshare and understating their earnings it's a monster but be careful this week as earnings are due on the 22nd. They're bound to surprise as usual, but people have come to expect it. In this brutal market, they come out with anything less than outstanding or give flat guidance, the stock will likely tank hard, at least short term.

Just a head's up.

thanks ...yea like i said if they don't hit because of the macworld convention i'm looking to hold it til the market corrects itself probably by the second half of the year

[ajohnson69]

up 6.09 or 3% on the day hopefully have a similar day tomorrow

[Romanowski]

take a look at EMC

[ajohnson69]

cruuuuuuushed.... looks like i'll be holding for awhile

EMC looks good nice price at 17

[Goods]

I can see tech getting tagged for a while after that INTC quarter. AAPL didn't have much to offer at the convention outside a lightweight laptop. The hope is there'll be a decent rate cut very soon that will bump the market and give you a chance to bail out. Either that or good earnings and outlook next week.

EMC broke support and I can see it hitting 14 again soon. RIMM could hit 80 with a another bad day tomorrow. They had a great quarter in Dec. and the stock did nothing after the initial pop.
AAPL could hit 150 near term. Especially if more bad tech earnings come out. If AAPL's outlook is bad, it'll get hammered. Chart broke it's uptrend Jan 4th and has closed under the SMA 50 since.

[Goods]

Didn't catch the earnings but judging from the AH activity couldn't have been good.
Hope you got out without too much damage. Geez, ugly day all around.

[ajohnson69]

Originally Posted by Goods

Didn't catch the earnings but judging from the AH activity couldn't have been good.
Hope you got out without too much damage. Geez, ugly day all around.

Yea I actually got out last week but it go killed today ....I actually had a decent day though go in on some Deere, Lowes, WaMu, and I had Mickey D's stay flat.....I wanted to get into some Under Armour after they got crushed last week but was too scared with their inventory but they had a nice day too

[Bozzie]

139 getting crushed today...

[Jimmy D Greek]

I guess if you are holding this stock you are bound to be a little unhappy, but even at this price it is still up 60 pts in the past year. That's amazing for such a large company. If anyone would have told you that a year ago you would have thought they were crazy.

Does anybody have a bead on where solid support is for this stock?