July 2012 Trading Thread

[cts]

Originally Posted by savant111

Also AAPL I believe has a greater weight in the market avgs. So when AAPL moves I think it has a greater effect on the spys and qqq and that moves everything. Someone please correct me if this is incorrect.

they are weighted by market cap -- yes you are correct.

[Shuffle]

Looks like we'll get a standard finish around the 50 SMA at 1334?

Nope, closed at yesterday's lows though (and reversal point).

[jackpot7]

I'm long aapl via several jan calls and hoping for a surprise beat via higher iphone sales in china than expected

[Shuffle]

Huge earnings miss on AAPL, down over 5% after hours.

It's coming ... recession, recession, recession.

[chopstick]

Originally Posted by JayTeeMe

It's official: Coal is the worst sector of all time. BTU beats EPS estimates (0.73 to consensus 0.53) and is down 11%. Getting stupid at this point.

No comment on their 3Q guidance?

[highstakesfan]

Originally Posted by Shuffle

Huge earnings miss on AAPL, down over 5% after hours.
It's coming ... recession, recession, recession.

end of the world in my opinion

http://finance.yahoo.com/q?s=aapl&ql=1

.

[highstakesfan]

NFLX down after hours

http://finance.yahoo.com/q?s=nflx&ql=1

.

[highstakesfan]

this is a good link to watch after hour slaughters

http://www.nasdaq.com/extended-tradi...ostactive.aspx

.

[MaliceUW]

weird day, going to be an interesting few months

[savant111]

Picked up some TWM (2x inverse russell) at $33 even. Think I might overpaid. At least I'll be in the game tomorrow.

[kimoser22]

What are peoples thoughts on buying the dip in AAPL? This would be holding through the end of the FY. (I am already long AAPL, just wondering ppl's thoughts)

[AngerPush]

I'm an idiot who way overextended myself on NFLX. Now, I'm sort of freaking out. Someone calm me down or give me a reality check. Wtf do I do with this ****?

Told wife she needs to check me from keep depositing into my brokerage account. Figured being a compulsive gambler wouldn't be that risky when it came to stocks, because it's +EV right? Now I feel like the dumbest piece of **** ever.

[kimoser22]

AngerPush- were you playing earnings with NFLX? dangerous game...

they beat the street consensus for EPS, but I think many investors are worried about their subscription growth and increased competition against their streaming service in the future.

My only advice is to make sure you make a rational decision about getting out of NFLX, panic selling is never the right answer (that is not to say that NFLX is a good long play, just make sure you have reasons behind selling other than omg >15% down...)

[jfresh]

Originally Posted by kimoser22

What are peoples thoughts on buying the dip in AAPL? This would be holding through the end of the FY. (I am already long AAPL, just wondering ppl's thoughts)

i bought a little on the dip in AH, but i can see it going down a bit more tomorrow/near future. a lot of the 'aapl's screwed!' crowd will probably come out of hiding for a bit and scare everyone. also the ****ty state of the global economy doesn't help things.

aapl's gotta have at least one more big pop in them- i'm no expert, so i'll probably buy all the way down and just try not to look at my decreasing brokerage balance

[savant111]

Originally Posted by kimoser22

What are peoples thoughts on buying the dip in AAPL? This would be holding through the end of the FY. (I am already long AAPL, just wondering ppl's thoughts)

Aapl is probably a favorite to touch 600 again between now and the end of the year. That said there is certainly no need to increase your exposure right here. I wouldn't recommend buying a dip at 569.

$554, $548 and $522 are all support levels it can ($522 id say can) and likely will ($554, 548 Id say likely will) drop to.

If the market should slip into a further correction or legit bear market things can get even worse.

The 200day moving average Currently $503.46 might be a solid add price.

$430 is probably your absolute rock bottom European meltdown, China implosion, US Unemployment skyrocketing price.

Also..if your planning on holding this through the end of the year you might as well hang on in 2013 for the new product cycle.