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The last few years have been great to me, as i was able to clobber the S&P500 many times in returns. But of course, you can't make a living trading the markets if you don't make great great returns. I'll try to give my readers trades that i think will make them money. However, you need to have money management skills, in order not to lose everything on a greedy or stupid trade. I may or may not already be in the trades i recommend. I may or may not trade the stocks i recommend. Due diligence is required on your part and the usual disclaimer that i am not responsible for your losses always apply. I have no affiliations with any broker/dealer and all posts are for educational purposes only. Remember to 'refresh' the home page and the "Comments" pages frequently in order to receive updated posts. Let's rock!

Friday, January 26, 2007

AAPL: the shorts are waiting for 86 to break.

AAPL closed @ 86.25

I believe that if 86 breaks this time, the stock will see 80-82 very quickly.

Cramer came out and defended the stock once more last nite. It seems like just about everyday somebody calls him about AAPL and he defends it, in addition to the fact that he pushes the stock just about every morning of every day.

55 Comments:

Anonymous Anonymous said...

Thanks Beanie for another good stock trade!

Fri Jan 26, 08:08:00 AM EST  
Blogger beanie11111 said...

MSFT looks like a good short on this gap up. You would think there should be more volume if buyers were excited.

31

Fri Jan 26, 08:27:00 AM EST  
Blogger beanie11111 said...

The durable numbers that came out were positive. Don't short until the market goes negative.

Fri Jan 26, 08:58:00 AM EST  
Blogger beanie11111 said...

Cramer pumps AAPL again this morning! lol

Fri Jan 26, 09:00:00 AM EST  
Blogger beanie11111 said...

GOOG is a buy.

490

Fri Jan 26, 09:08:00 AM EST  
Anonymous Anonymous said...

Dear Beanie, with the results of earning on CCUR positive, is it safe to buy at this price? Thnk you

Fri Jan 26, 09:10:00 AM EST  
Blogger beanie11111 said...

anonymous,

I don't like CCUR.

Fri Jan 26, 09:12:00 AM EST  
Blogger beanie11111 said...

short AAPL

87.3

Fri Jan 26, 09:32:00 AM EST  
Blogger beanie11111 said...

Nice AAPL! lol

Fri Jan 26, 09:46:00 AM EST  
Anonymous Anonymous said...

still a short at 86.04?

-thanks,

mark the rat

Fri Jan 26, 09:50:00 AM EST  
Anonymous Anonymous said...

Wow ! ZANE is on fire !!!Watch this one closely forks !!!
TM

Fri Jan 26, 10:00:00 AM EST  
Blogger beanie11111 said...

AAPL is deadmeat today is my opinion

Fri Jan 26, 10:00:00 AM EST  
Blogger Johnny3185 said...

AAPL has very strong support at 85.5

Fri Jan 26, 10:01:00 AM EST  
Anonymous Anonymous said...

AAPL in freefall! Thanks Beanie!!

Fri Jan 26, 10:05:00 AM EST  
Blogger beanie11111 said...

johnny,

AAPL is dead meat today. The 85.50 already broke. It may bounce higher, but the hole is already made and AAPL shall sink thru it today.

Fri Jan 26, 10:09:00 AM EST  
Blogger beanie11111 said...

http://www.duchessathome.com/music/rhythmofthefallingrain.html

Fri Jan 26, 10:11:00 AM EST  
Blogger beanie11111 said...

http://youtube.com/watch?v=NeAXNIno6bE&mode=related&search=

Fri Jan 26, 10:14:00 AM EST  
Blogger Johnny3185 said...

beanie,

Looking at the 30 minute chart, AAPL bounced off of 85.5 three times this past few days. But if it stays below 85.5 for a length of time today, then it might drop to the 82-83 range in a few days.

Fri Jan 26, 10:22:00 AM EST  
Blogger beanie11111 said...

keep on short AAPL in the high 85's. I believe it's goin down hard today and break 85.

Fri Jan 26, 10:22:00 AM EST  
Blogger beanie11111 said...

All i can say is this:
http://youtube.com/watch?v=NeAXNIno6bE&mode=related&search=

Fri Jan 26, 10:23:00 AM EST  
Blogger beanie11111 said...

wow, strong rebound in AAPL. lol

Fri Jan 26, 10:33:00 AM EST  
Blogger beanie11111 said...

GOOG is having a pre earnings run today!!!

Fri Jan 26, 10:39:00 AM EST  
Blogger beanie11111 said...

600,000 iraqi's already died (from certain sources which i believe are most likely correct), most are innocent civilians, and mr. bush claims to be protecting the civilians. yikes!

Fri Jan 26, 10:45:00 AM EST  
Blogger beanie11111 said...

AAPL is deadmeat

Fri Jan 26, 10:55:00 AM EST  
Blogger beanie11111 said...

Actually, the SPY may be very oversold and could bounce today, taking everybody higher. So be careful not to overstretch on your shorts. The last 2-3 hours should give us an idea for monday.

Fri Jan 26, 10:59:00 AM EST  
Anonymous Anonymous said...

Beanie, your blog is very good and you have some great advice. Have you thought about doing your own site and earning some revenue and building up a user base?

Fri Jan 26, 11:16:00 AM EST  
Anonymous Anonymous said...

Anyone watching WFR? What an amazing story......And it's not done, long term yet!

Fri Jan 26, 11:38:00 AM EST  
Blogger beanie11111 said...

anonymous,

Maybe one day i'll have my own site, but right now i'm enjoying this blog alot.

wheeeeeeeeee

Fri Jan 26, 11:47:00 AM EST  
Anonymous Anonymous said...

beanie
need ur guru advice

I won loads LEH 90 calls
losing my ass here?

I expect 100 by JUne

ur thoughts?

Fri Jan 26, 12:04:00 PM EST  
Anonymous Anonymous said...

OPBL at major support level... BUY!!

Fri Jan 26, 12:39:00 PM EST  
Blogger beanie11111 said...

uh oh for AAPL

Fri Jan 26, 12:44:00 PM EST  
Blogger beanie11111 said...

AAPL: wait till 85 breaks, then pile in more shorts

Fri Jan 26, 12:46:00 PM EST  
Blogger beanie11111 said...

Truth be told, i rather have AAPL rally above 90 then have it fall to 70

Fri Jan 26, 12:47:00 PM EST  
Blogger beanie11111 said...

I no longer have AAPL shorts, but will short again once 85 breaks

Fri Jan 26, 12:56:00 PM EST  
Anonymous Anonymous said...

Beanie, thank you for keeping this blog free. Too many pricks out there peddle there advice for money.
Thanks beanie!

Fri Jan 26, 12:57:00 PM EST  
Blogger beanie11111 said...

AAPL: not wise to short in the mid 85's.

Fri Jan 26, 01:07:00 PM EST  
Blogger beanie11111 said...

AAPL: wait for the hole of 85 to open up before shorting. There's a big battle going on in the mid 85 between bears and bulls. Right now right here.

Fri Jan 26, 01:10:00 PM EST  
Anonymous Anonymous said...

LEH?

Beanie advice pls

Fri Jan 26, 01:15:00 PM EST  
Blogger beanie11111 said...

LEH looks like it'll see 78

Fri Jan 26, 01:27:00 PM EST  
Blogger beanie11111 said...

AAPL: even though it touched 84.99 briefly, i would not consider that a break of 85. So just watch.

Fri Jan 26, 01:32:00 PM EST  
Anonymous Anonymous said...

If we see aapl get to 82, would you consider that a buy (intermediate to long term) or do you see it falling further in the coming months?

Fri Jan 26, 01:49:00 PM EST  
Blogger beanie11111 said...

Damn AAPL, why don't you just die and get it over with? lol

Fri Jan 26, 02:10:00 PM EST  
Blogger beanie11111 said...

anonymous,

Regarding AAPL, i actually don't know whether it's a buy at 82 until it gets there. When it gets there, i'll see how the chart looks.

Fri Jan 26, 02:12:00 PM EST  
Anonymous Anonymous said...

Beanie,

Are yiu watching CPLA? Looks like a good story and insider buys. Back to breakout point now.

rgds,
Abdul.

Fri Jan 26, 02:18:00 PM EST  
Blogger beanie11111 said...

Ok folks, i'm calling it a day.

Have a great weekend!



btw, i just don't think 85 is the bottom for AAPL. I would like to pull out the rally monkey and call 85 the bottom, but i don't really feel confident it is.

Fri Jan 26, 02:34:00 PM EST  
Anonymous Anonymous said...

Beanie:

Anybody playing TRMM? Showed some strength today on a pretty good volume. I held off, playing for a pullback in the 2.60's. What do you think?

Jim

Sat Jan 27, 04:10:00 AM EST  
Anonymous Anonymous said...

Put your money elsewhere, this one is just a fluke. Company's still paying off debt. And worse they cannot make any profit, if so, it will take them years to turn a profit. But of course,the market is irrational. Anything can happen.

Sat Jan 27, 07:42:00 AM EST  
Anonymous Anonymous said...

Anonymous,

TRMM: I don't see it dipping to 2.60s area but if it does I would buy. I've talked about TRMM many times so I'm not going to explain but I think short term its going to $5-$6 and Long term it could go to $8-$10. I've been buying TRMM in the 1.60s area and its finally paying off....

Its funny when I here people talking about a company they have no idea about. TRMM is not a fluke but like you said the market is irrational and anything can happen.

JSPADE

Sat Jan 27, 01:35:00 PM EST  
Anonymous Anonymous said...

You sounds like you fell in love with TRMM. Beanie was so sure about AAPL GOING TO 100 AND BEYOND A WEEK AGO, where is it now? But then again, its your money.

Sun Jan 28, 11:24:00 AM EST  
Anonymous Anonymous said...

Does anyone have any ideas who might benefit from the INTC/IBM announcement??

Probably a Nanotech, or a miner of zirconium, any ideas?

Beanie??

Sun Jan 28, 07:18:00 PM EST  
Anonymous Anonymous said...

if u had about 30k would you buy 10,000 shrs of TRMM.....anyone???

;)

-mark the rat

Sun Jan 28, 09:41:00 PM EST  
Anonymous Anonymous said...

nope
id buy vprt
45

Sun Jan 28, 11:15:00 PM EST  
Blogger beanie11111 said...

markrat,

c'mon mark, that is boneheaded. Don't do it.

Mon Jan 29, 01:27:00 AM EST  
Anonymous Anonymous said...

beanie, yes dumb but not dumb if it goes up a buck or two! :)


lemme ask you something beanie.....
my dad worked for pepsi (operating the machines that make the soda) for about 40 yrs....sadly though he didn't get any stock in the company because he was a low-ly machine operator.......

but I was talking to my mom last night and i was trying to calculate if he had invested $1,000 (which of course was A LOT of money back then) in 1977, when pepsi was around 1.36 or so per share.......

Splits:31-May-77 [3:1], 29-May-86 [3:1], 05-Sep-90 [3:1], 29-May-96 [2:1]


so by my cacluations he would have started with about 750 shares, and after all those splits above, he would have 40,500 shares today, which would be worth $2.6 million today......

750 x 3 x 3 x 3 x 2 x $64/share

am i wrong here?

my mom was ready to vomit :)

Mon Jan 29, 07:35:00 AM EST  
Blogger beanie11111 said...

anonymous,

Remember that i always blasted those contestants on Deal Or No Deal (most of them are very charismatic but short on brain cells and lack capacity to evaluate RISK).

What if you put all your money, for instance, into TRMM and several weeks later they come out with very bad news that can gap the stock down 50% overnite or send the company to bankruptcy? What if there were fraud within the company and the SEC halts the stock? (Yes, weird things like this happen alot to small companies!)

Reward is great, but always consider risk before buying anything.

With regards to Pepsi. No i doubt the stock was ever at 1.36 per share. It was split adjusted 1.36 per share, but does not mean it was ever traded at 1.36 . To convert it back to the original price in 1977, you have to reverse the 3 splits: 1.36 *3 *3 *3 *2 = $73.44 per share in 1977. With $1000, you could have bought 14 shares. Today you would have 756 shares; at $64.45 today's price you would have $48,724 net worth of Pepsi stock.

I did the above calculations quickly but i think it's correct.

Mon Jan 29, 08:22:00 AM EST  

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