AAPL is going higher, AKAM is going lower.
AAPL closed @ 86.15
AKAM closed @ 56.95
Trend reversal, for the immediate term, for AAPL is confirmed. First stop is 87.50 and then 90.
AKAM - let's look for a morning rise before shorting. AKAM is due for a correction is my opinion. Kinda like what happened to GOOG.
Good luck.
AKAM closed @ 56.95
Trend reversal, for the immediate term, for AAPL is confirmed. First stop is 87.50 and then 90.
AKAM - let's look for a morning rise before shorting. AKAM is due for a correction is my opinion. Kinda like what happened to GOOG.
Good luck.
posted by beanie11111 | 1:09 AM
95 Comments:
So, the main indication for AAPL is its close above 86?
What do you think about the exchanges, beanie?
ICE has been on a tear.
ISE has declared stellar earnings.
Is ICE the next CME?
gosu,
no, has nothing to do with AAPL closing above 86. Just a reversal two days ago and a higher volume big gainer yesterday.
The exchanges are great stocks but alot of them are overextended. ICE, for example, gained 200% in a matter of 8 months without much consolidation.
ICE is almost 1/2 the market cap of CME, so i'd say it's already the next CME.
AAPL is a buy on all dips
beanie, don't u think that mkt will go lower today, it looked so strong yesterday and then we hardly moved. so w the weaker mkt u think we can go long on aapl.
and what is wrong w the people on cnbc, cant they make their mind up about the reason for the markets strength or weakness. it seems like oil is the only thing everytime. if the market goes up its cause oil is going up, if the market goes down its cause oil is going down. they use oil as a reason for everything.
alok,
they gotta give a reason everyday just to make people happy (sad?). The truth is, astrology probably gives better reasons than these CNBC clowns.
I totally agree with you, i've learnt to ignore them now. the problem is that even they are calling for a correction in the mkt. cnbc is atleast 2-4 wks behind any move, but this time even they are calling for a correction and the correction hasn't started. that is scary.
can you give me some advice on LTS, i've had it since 2, i dont think i should be holding it any more but i'm not sure. what would be the right price to sell it or should i hold on to it.
I firmly believe that because 77% of stocks are trading above their 200 day MA, I think its time for some correction.
http://www2.barchart.com/momentum.asp
Alok,
LTS chart looks good but i would start trimming some as it goes higher.
Just in case you folks haven't noticed, Thursdays are frequently corrective days. A drop can almost always be expected on Thursdays. Let's hope it reverses later in the afternoon.
thx beanie, i started selling yesterday at 2.35 and 2.45, i hold only half of my initial position now, i think i'll offload all today if it goes up again. dont want to loose my gains.
luckily i have some of it for my core position too. LTS was a pleasant surprise for me.
thx for the feedback
aaple at 85.50 premarket....wait out the first 30 min and see how it trades? thanks.
-markrat
yes markrat.
Holy cow, CNBC attacking the markets all morning!! lol. Somebody got caught short yesterday!!!
Totally unethical of those CNBC guys to take a Thursday (normally a selloff day) to slam the markets some more! lol
Does NYX look like its done going down?
is anyone here very familiar with ameritrade?
they calculate day trade buying power as 4x the equity in your account, ie, if you have 25,000 you can buy 100,000 for a day-trade....but what happens if you don't close the position at the end of the day?
anyone?
-markrat
HELP!!!!!!!!!!!!!
I'm drowning with my AAPL long this morning.........
keep on buying AAPL on dips
anonymous,
you dont know NOTHING, i bought 1,000 shares at 83.35
-markrat
i'm in apple for 130 shares at 84.17
NYX not out of the woods yet until it takes out 97.75
AKAM: keep on shorting it near 56
Don't be scared out of AAPL!
beanie,
100% cash + 300% margin in apple... insane?
i'm in at 86.35.
-markrat
SDXC ipo soon.. any thoughts?
wow, APKT and RVBD had their heads handed to them today after reporting decent earnings yesterday. Plus RVBD announced a second offering of 5mil shares.
Both down around 10-11%!
Beanie,
Still long Apple at 85.70?
Mark, the Day trading power is a top limit per day of all the transactions that can be made. You can't use it all at 1 time. So you could buy and sell 25,000 worth of stock 4 times a day. Then you are done! They wont let you borrow 100,000 at 1 time!
i just snapped up 1000 shares of aapl at 85.83
anonymous,
all i can say is that i have 25,000 and they just let me buy 85,000 worth of apple at one time.....and it says i can still buy 15,000 worth......
???? i know what you are saying, (that is what i thought too) but apparantly i can.
-markrat
AAPL making me nervous!!
Mark, wow I dont understand that. I would expect a margin call! That 4x limit is there because of the SEC not Ameritrade.
Mark, and I meant to add that you are 1 crazy guy. All of your money in 1 stock!!! It may work sometimes and it may work many times in a row, but 1 day it is going to kill you.
hahahha yeah, i don't have enough money or enough time to trade often (and well) so instead i just trade CRAZY! :) and i know about the SEC..not sure why ameritrade allows me to buy more than 2x equity, but oh well.
-markrat
mark,
you are one crazy guy. What if AAPL keeps on going down today, only to come back strongly 2 days later? Can you stand the heat?????
mark,
Worst case scenerio: What if market stays right here or down and you hold your position overnite only to find out Steve Jobs leaves the company tomorrow on options backdating? That bad news can take AAPL down 15 points overnite.
You suppose that could really hurt?
you are right beanie, it's a bit extreme.
-markrat
Hi Beanie,
What would be the short-term target
and long-term target of XNN. I want to buy more but not sure at waht level. Appreciate the help
holy cow, i guess i was really wrong about AKAM! lol
srini,
buy XNN near 2 until you see great news that's gonna take the company/stock to a new level.
The great thing about today is that techs are only down very little.
XNN is already at 3. what are the chances it will go back to 2
srini,
if you don't own any, i suppose you can buy some here, and some more on dips.
XNN: the recent licensing deal with the NRA is actually great news.
You can short AKAM now, use a chart next time.
AKAM can be shorted in the mid 86
AKAM is a short here
56.5
you are right beanie,
i dumped it for now...took my 300 loss. and i dont even know if i would be allowed to hold that giant position overnight. i'd have to call amtd.
-markrat
beanie is PARL a short here, the only reason its going up is cause the CEO left the company. the fundamentals haven't changed. do you think its run up too much.
Hi Beani and rest,
yestarday I mentioned yahoo. It has broken $30 resistance, that has held it down since last July. You may want to have a look, if it can hold above 30 it could be ready for a breakout.
Disclosure. I have been long yahoo since earnings. I am also a relative rookie trader, so this is not advice - but have look. This is a great blogg and I hope I can contribute positively. Any thoughts on a breakout?
cheers,
chili
is the mkt turning, i notice a lot of stocks have turned positive in the last 30 mins. could this be a reversal for the day?
wow, techs are rallying, except AAPL.
They've been screaming correction the entire morning!!! Man oh man, if we keep on rallying, those guys are deadmeat.
wow, AKAM is impressive!!!!
c'mon AAPL, you can do it!
sold my aaple for a $450 gain. thx beanie!!
heez beanie, you must be down thousands in akam today
did you finally cover and stop trading???
I use interactivebrokers. They also allow day trade buying power of 4x the equity in your account. If you have $25,000, you can buy $100,000 worth of stocks during normal trading hours. Ten minutes before 4pm, a warning will pop up on your screen telling you that you need to bring your account back to the overnight margin level of only 2x equity. If you don't do it yourself, they will automatically do it for you before 4pm. They will just randomly sell some of your stocks.
Johnny,
thanks for your input. i wonder what ameritrade's policy is on that....probably similiar although i would have to call to verify. thanks,
-markrat
Jonny, i use interactivebrokers too. i dont think they randomly pick a stock. ive found that they've have a very sophisticated system of identifying the worst stock that you recently bought to liquidate (which should turn out in your favor as they let your profitable picks run). i like their system.
apple being a bitch today....any thoughts on how to play it today?
86.25 right now
-markrat
If that is true that you can buy and hold all of the 4x the equity at 1 time, then I stand corrected. I didn't think this was the case. It is always good to learn everyday!
AKAM lower? LOL!!
It happened to me only twice. I just assumed that the picks were random. But interactivebrokers do has some very powerful features. Ameritrade should have the same policy, since the Fed sets it.
Anon, i dont think you will be able to hold your 4X position over night. you should either get a margin call or have the system liquidate your position. I think in scottrade they give you a margin call and give you a couple of days to deposite funds into your a/c. if you dont deposite funds they will liquidate some of your holdings.
interactive on the other hand does not give you time. if by 3:50 you haven't sold a portion of your holdings they will do it for you.
The more I think of it, it probably is up to the broker. The SEC sets the limit for the total trades in 1 day to 4x. It would be up to the broker to set there own limits as to when to issue a margin call anywhere from 1x to 4x. I use schwab, and I think when the equity drops below 40% a margin call would be issued. So I would not be allowed to buy Daytrading BP at one time
beanie, plz tell us you already covered your akam short. its blasting off now!!
Beanie is losing almost 3 whole points on AKAM!
LMAO @ U !!
Anon, why would you be laughing at someones loss. you are sick dude please go somewhere else. u dont have to be on this blog you know.
Pretty amazing. Every bloke that got on CNBC slammed the market! lol
Is a crash comin? lol
relax everybody.... im sure beanie will survive this set-back
AAPL needs to blow past 86.50
Don't worry about me. I'm a daytrader and do not hold daytrade positions when i'm wrong.
With so many bears on CNBC today, i believe we are going higher from here.
yeaahhhh beanie the contratian. damn i sold my LTS today morning, should i get back in?
NYX: this stock is still a short and should see 90
AAPL: lets take profits now
1/2 here and 1/2 at the close if it goes lower
ICE is a short
153
here is what ameritrade said:
If you want to hold the position overnight, you can use up to your regular buying power. If you use your day trade buying power, you must liquidate the security or you will be in a day trade buying power (DTBP) call. One new DTBP call, the account is set to the 2x SRO factor for five days, if the DTBP call is not met w/in five days the account will be restricted to cash only/1x for 90 days (or until the DTBP call is covered). Thanks.
-markrat
ICE: that's what you call a blowoff top?
ICE won't see 155 anytime soon. Keep on shorting the stock up to 155. Cover above 155.
ICE: them $3 feb 150 puts look kinda juicy
Very tragic and sad: Anna Nicole Smith just died.
did u know her beanie?
Alok,
No i don't. But i have always felt her life would end badly. Never could i have imagined that she would die this soon, and a year after her son (and leaving behind a recently borned daughter).
Regardless of her intention for marrying the old man, she does legally deserve some of his assets. The jerk stepson of old man Marshall fought to keep every penny from her. The stepson died last June.
Many women do marry men for money. It's just that most of the time, it's not obvious.
It's not like Anna went to look for old man Marshall. The horndog was the one who went out looking for her.
The first ruling was the correct ruling but it got appealed. You can't win going against someone who has over a $1 billion dollars.
the court system in this country is FUCKED UP beyond belief.
every day i hear about killers and rapists going free for some stupid legal technicality.....
-markrat
Beanie and others,
What is your opinion on BRLC. It seems like it should take off with what was in the CC, but it slipped and never recovered. Talk of $1B in rev. this calender year?????
ZONS is up 21% in afterhours on an awesome earnings report!
http://biz.yahoo.com/iw/070208/0213270.html
You heard it here first!!
Looks like Beanie is sad that he is going to miss all of nicole smiths movies. hehehehehehe
poor beanie i hope you find your anna hahahaha this is good guys, a real fun blog, now its pick on beanie time
Anna ain't a bad person. She's just reckless and raunchy. She speaks out against wearing fur, and she's a vegetarian. Can't be that bad.
Old man Marshall had 1.6 billion net worth. The first judge awarded Anna $400 million. The greedy son wouldn't even give her a penny. What a jerk.
why is everyone laughing about Anna?? you are all very sick! i will go somewhere else. i dont have to be on this blog you know.
Trend reversal, for the immediate term, for AAPL is confirmed. First stop is 87.50 and then 90. HUH ????LOL
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