With the jobs number not improving, and this being a election year, we may see a QE3 to pump the market and give us all the warm and fuzzies by November.
The problem with AAPL is who is left to buy shares. Excluding the people trading in and out of the stock, not only does everyone seem to own AAPL, but the rebalancing is going to cause those with funds mirroring the QQQ to sell their shares.
Those CHK May 12 16 strike puts are still trading at ~.46. If you're interested in picking up a nice premium, that looks like a good way to go. You get protection down to 15.55, that's a bit over 10%.
kantscholar said: The problem with AAPL is who is left to buy shares. Excluding the people trading in and out of the stock, not only does everyone seem to own AAPL, but the rebalancing is going to cause those with funds mirroring the QQQ to sell their shares.
Well AAPL is out there left to buy shares since they are doing a massive buyback(I think it was massive I can't remember how much but wasn't it close to 800M?)
Then wasn't there all the dividend only funds that can now buy, plus old people who like dividends yielding stocks. And there all the people who missed the move up this whole year. There are tons of people to buy, if there is value people will find a way to buy it.
kantscholar said: The problem with AAPL is who is left to buy shares. Excluding the people trading in and out of the stock, not only does everyone seem to own AAPL, but the rebalancing is going to cause those with funds mirroring the QQQ to sell their shares.
The same could have been said at 200, 300, 400, 500. But somebody did buy those shares (along with AAPL products).
Once they have rumor of another product announcement or two, it will pop again. This is a very bad year to bet against AAPL. In the very long term they will fall substantially, but who knows how long that is.
The thing with AAPL is that the true action happens in the options market and lot of the movements are driven by the way options prices are set up.
denbo32 said: kantscholar said: The problem with AAPL is who is left to buy shares. Excluding the people trading in and out of the stock, not only does everyone seem to own AAPL, but the rebalancing is going to cause those with funds mirroring the QQQ to sell their shares.
Well AAPL is out there left to buy shares since they are doing a massive buyback(I think it was massive I can't remember how much but wasn't it close to 800M?)Close...10B. But it won't start until their next fiscal year (which starts in Sept).
jeeves said: kantscholar said: The problem with AAPL is who is left to buy shares. Excluding the people trading in and out of the stock, not only does everyone seem to own AAPL, but the rebalancing is going to cause those with funds mirroring the QQQ to sell their shares.
The same could have been said at 200, 300, 400, 500. But somebody did buy those shares (along with AAPL products).
Once they have rumor of another product announcement or two, it will pop again. This is a very bad year to bet against AAPL. In the very long term they will fall substantially, but who knows how long that is.
The thing with AAPL is that the true action happens in the options market and lot of the movements are driven by the way options prices are set up.
Disagree. It's all anecdotal, but I know many people didn't hop on until the 400 range. I think short term AAPL is in for another 5% drop, and long term it's a stock I want to own. Just not picking it up at these prices and am enjoying the ride down.
kantscholar said: The problem with AAPL is who is left to buy shares. Excluding the people trading in and out of the stock, not only does everyone seem to own AAPL, but the rebalancing is going to cause those with funds mirroring the QQQ to sell their shares.
Any "good" play for today? was at bell. shorting cbou. may be another day of short. trend seems 2 day but volume is really low on cbou considering the shorting, so not many buyers. many shorters covered on hlf and gmcr today.
apple is going to continue to be flat day trade fodder imo, until any new product hints, maybe @ dev conference in june. they've already burned me as of late enough. i wouldn't be long until some serious up beat news on product development, partnership w/ china mobile or after BF.
gazillion dollar question year is QE3 and whether we will see a market correction (many suggesting 20-30%).
LDS, tracking funds don't rebalance over night. I'm not so much worried about the Qs but rather all of the various technology indices that track the Qs.
The very simple answer on AAPL is that, right now, there are more sellers than buyers. So, what you want to think about is WHY there are more sellers than buyers (and why more than usual since AAPL hasn't moved with the market over the last week and a half), when the trend will end (if it will end), the catalyst for it ending, etc
wonder why so many shorts on oww. collusion tactics taking advantage of low volume?
on another note, anyone here ever play the LQMT pump 'n dump? It surprised the bottom hasn't dropped out yet. it's not quite a volatile as many pink sheets and junk stocks that I watch swing. there are a lot of believers in this dud, and perception is 9/10s.
can any of you options gurus riddle me this: if there were 0.5 call contracts traded for each put contract yielding a 1.96 put/call ratio where 7,530 put and 3,844 call contracts exchanged hands on a stock, is that anticipation of downward momentum? My guess is down since a buyer thinks the price of a stock will decrease when buying a put, but hope someone here smarter than me (a level not difficult to achieve!) can interpret that better.
my father (who is not big into the stock market, as far as I can tell) called me asking if he should buy shares in FB when it goes public. first time he's ever asked me a finance related question.
are you holding through the weekend? you think we might have a bounce on Monday? Yes, I plan to hold it for 1-2 days. I shorted FAS couple of days ago at 108.xx but covered next day
BilldaCat said: my father (who is not big into the stock market, as far as I can tell) called me asking if he should buy shares in FB when it goes public. first time he's ever asked me a finance related question.
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