AAPL getting rotten short term!
AAPL closed @ 94.95 and is trading at @93.40 this premarket.
It's time to short AAPL on any rise. Great earnings and revenues growth last quarter but guided lower next quarter which didn't beat analysts' expectations. What is important is the guidance, not so much last quarter's great results.
Also, the iPhone is available in June but we won't know how it will do until the October conference call.
So i expect AAPL to be pressured at least for the next 2-3 months.
Short it when the stock rebounds on the gap down.
It's time to short AAPL on any rise. Great earnings and revenues growth last quarter but guided lower next quarter which didn't beat analysts' expectations. What is important is the guidance, not so much last quarter's great results.
Also, the iPhone is available in June but we won't know how it will do until the October conference call.
So i expect AAPL to be pressured at least for the next 2-3 months.
Short it when the stock rebounds on the gap down.
posted by beanie11111 | 7:54 AM
46 Comments:
i shorted a little bit in the premarket.
HOKU: has big news.
5.4
(i got no position)
NVDA: a great short.
34.01 premarket
AAPL: i dunno what Cramer is trying to do. He thinks the tech rally is over for the time being and recommends sell, yet he likes AAPL,GOOG,CSCO,HPQ. If people dump their techs, it will evitably drag down these leaders as well. Alternatively, if these leaders rise, it should lift most tech boats..
We'll see.
GIGM: a great buy and going higher longer term
wait a second! i bought in at 96 on the hype that "AAPL is the premier high tech to own this year!!! buy buy buy!!!". now you are telling us to short it??? i thought AAPL was an "Intermediate to longer term play".
what gives??
brett
Beanie,
NFLX has news...Any juice in this baby still?
Pamfla
brett,
Yes AAPL is a great buy for the intermediate to longer term . That's 3 months to over 1 year.
If you own it for the longer term, it's ok to keep it. But i would rather leave the train and buy back lower when a likely possible correction is done.
AAPL is short term overbought, especially in light of the guidance for next quarter. Jmho. Had they impress for next quarter, this thing would have gapped up and take off above 100. We need to respect all data points and news and make or change our short term judgement. I still like AAPL as an investment. Maybe Cramer is right, maybe AAPL will prove to be a bad short term short. I dunno, but i'm trading it immediate/short term base on my analysis.
AAPL: in spite of the lowered guidance for next quarter, what made me want to go short is that the stock is gapping down. If the big boys who are upgrading the stock really likes AAPL immediate/short term, why didn't they gap up the stock and buy them hotcakes?
Maybe the big boys are trying to fool the masses premarket. Maybe they'll take this stock positive by the close of today (in which case i'll probably cover my shorts). If the stock closes negative, then i know my short is correct.
We'll see.
AAPL should rebound this morning. If the bounce doesn't hold, it's a good time to short the stock for us daytraders/swingtraders.
Beanie,
NFLX no comment? Bought late...
22.70 any sugg?
Pamfla
pamfla,
sell NFLX. This is too slow a mover for you. The trend is still down.
pamfla,
actually, wait a little and see if it wants to go negative and stay negative today. If so, sell that NFLX! If it goes positive, it may have bottomed short term.
Thanxs Beanie,
Still trying to get it right...
Pamfla
Have a sell in...
HOKU holy crap
Pamfla
sold 22.94 got to go
Luv, Pamfla
That's HUGE news on GIGM today! Thanks to whoever recommended it the other day!!
I covered some AAPL shorts earlier. Holding the rest.
i'll take credit for the GIGM update
i advise everyone on this blog to go to Yahoo's GIGM message board & just read the last several PR's put out by this company since mid-December 2006
look at the developments happening with GIGM - they are really impressive
i think the platform that GIGM is setting up in Asia w/ their on-line gaming & gambling (remember Everest Poker is the 5th-largest poker site in the world), GIGM's future growth prospects are astounding
their Everest Poker site is what's driving their revenue & profit for the immediate & short-term
all the deals GIGM has made over the past month or os is what will drive their long-term profit
basically theya re rolling over their gambling profit into their gaming side of the business
GIGM's CEO & CFO are former Goldman Sach's M&A people, so they really know how to get a deal done
i consider GIGM as a "first-mover" in Asia's gambling arena w/ their "Mahjong cash-wagering" software that they will be licensing to many other gambling websites as well
GIGM is a great short-term buy w/ 4Q earnings set to come out in early-March, but GIGM is also an AWESOME long-term hold into at least 2008 when the deals they are making now will start to turn a nice profit
Van_G
Beanie:
Is PFSW still a play?
Check out ABPI. Once it breaks above $4.50, it's all the way to $7. Maybe more. Pick up some LNUX today. It could be near the $6 mark in a week or two.
I'm hearing somebody upgraded HOKU to 8.50
CJB.TO going higher! 0.80 now. Bought at 0.74
anyone have any thoughts on XNN...finally moving up
-mark the rat
NYX and MA are tanking today
Holy Sh--!!
If it weren't for XNN I would be all red. This sure has not been a good start to the year!!
Lee,
me too....
I am still down 340 bucks on XNN...holding 1,000 shrs.
-mark the rat
Beanie,
Is there anything to buy at this hour for tomorrow?
HOKU GIGM
Pamfla
Dumped am suggestion
I have 1000 shares also, but I am down more than that. The sad part is that not to long ago I was up $1000 and I got greedy waiting for it to pop. Learning alot here and the biggest lesson may be to go back to a good mutual fund like Hartford Cap App and let the pros worry about it.
Sounds like none of you took my recommendation on XING which I posted twice. Too bad, you'd be up a buck today at least from where I recommended it. Good thing for you (and me!) is that it won't be fairly valued for a while so a good entry's are still to be had.
buy FORG, MAMA, PFSW,ONT
Beanie,
How long do you think the market correction is going to last?
Anonymous,
I beg your PARDON....I am an advid watcher of XING. Would love to buy some. How much higher will it go?
Thank you for posting.
Pamfla
XNN made me big bucks today! I'm the one who twice reminded everyone to load up the truck when it went under 2. It went up 9% today. Sweet!! :)
FORG should bounce tomorrow
Hi Beane - do you think that MED is close to bottoming here?
Beanie,
You recommended DIVX at 22+, as it sells at 20.5 now, what's your take ?
regds,
Abdul.
xnn up big after-hours it appears
-mark the rat
Looks like only 100 shares @ 2.33 so I wouldn't go to the bank yet!! Ha!!
FORG will be on the run tomorrow.
Okay Board,
What's gonna happen tomorrow?
I think HOKU will go to 8.00 easy
and XING will continue to take off !!! Any feelings? Pamfla
You are asking Pamfla for advice??
Scarry!!!
no pamfla is asking the board whether or not to buy honu and xing
i would like everyone's advice too
greyhoundlas
Beanie and Board, Anonynous
WOW, you guys think I'm reckless and scary? Your absolutly correct/
Pamfla
i may move to fla so i can be reckless and scary like pamfla too
will anyone recommend for tomorrow am?
greyhoundlasiowa
Keep an eye on XNN. Over 13,000 shares were traded in the AH in the 2.33 to 2.35 range from 7:45 to 7:50pm. Beanie, I think you should re-consider this one again. Something is up!
Beanie:
Nobody is talking about TRMM? Any feelings on this. Thanks
Jim
jim,
TRMM should trade higher intermediate to longer term. No reason to worry, about the company at this point, except the general market.
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