The AAPL Of My Eye
AAPL closed @ 121.26
AAPL earnings come out end of july. The iPhone sales probably will not count toward this quarter because the quarter already ended before the launch of the iPhone. Nevertheless, i believe that anticipation of the iPhone has brought alot of people to Apple products. What is important, though, at earnings will be the guidance. Make no mistake about it, the iPhone will be responsible for future blockbuster quarters. Why did Steve Jobs go with Cingular, when their network ain't that great? Because Cingular was the only company that was willing to give up alot to Steve Jobs, including a percentage of the monthly fees you and i pay to use the iPhone. Verizon probably told Stevie Jobs to get lost.
There's been talk of AAPL heading to $200, which would give a market cap of about $200 billion (which is bigger than Intel's $155 billion market cap). I personally think that ($200) will be the ultimate top for AAPL, because any tech stock that gets bigger than Intel (with the exception of MSFT) is probably done going up. I guess if AAPL continues innovating and brings in more people to the world of Apple and Macs, the stock could surpass $200 billion market cap. AAPL could also trade above $200 if the company keeps on buying back stock in the future but i don't think AAPL is known for liking to buy back stock their own stock.
Let's worry about the ultimate top later, but right now i want you to buy:
Aug 140 calls @ 1.50 or so, or buy the stock.
I don't like this play as much as i liked the BIDU play. AAPL could drop to $115 where you can back up the truck if that happens, but at a lower strike price.
Let's see if the stock can hold above the opening price before buying.
AAPL earnings come out end of july. The iPhone sales probably will not count toward this quarter because the quarter already ended before the launch of the iPhone. Nevertheless, i believe that anticipation of the iPhone has brought alot of people to Apple products. What is important, though, at earnings will be the guidance. Make no mistake about it, the iPhone will be responsible for future blockbuster quarters. Why did Steve Jobs go with Cingular, when their network ain't that great? Because Cingular was the only company that was willing to give up alot to Steve Jobs, including a percentage of the monthly fees you and i pay to use the iPhone. Verizon probably told Stevie Jobs to get lost.
There's been talk of AAPL heading to $200, which would give a market cap of about $200 billion (which is bigger than Intel's $155 billion market cap). I personally think that ($200) will be the ultimate top for AAPL, because any tech stock that gets bigger than Intel (with the exception of MSFT) is probably done going up. I guess if AAPL continues innovating and brings in more people to the world of Apple and Macs, the stock could surpass $200 billion market cap. AAPL could also trade above $200 if the company keeps on buying back stock in the future but i don't think AAPL is known for liking to buy back stock their own stock.
Let's worry about the ultimate top later, but right now i want you to buy:
Aug 140 calls @ 1.50 or so, or buy the stock.
I don't like this play as much as i liked the BIDU play. AAPL could drop to $115 where you can back up the truck if that happens, but at a lower strike price.
Let's see if the stock can hold above the opening price before buying.
posted by beanie11111 | 7:19 AM
24 Comments:
FCX:
if FCX trades above 66, go long!
BIDU:
Why i left so much money on the table is beyond me. I sold 1/2 and then the last 1/2 yesterday. In hindsight, i was playing it too safe. I forgot how cheap BIDU actually is relative to its potential.
BIDU is the world's 7th busiest website and as China grows up it will probably be in the top 3. Only 6.5 billion market cap!
BEANIE?
FCX AT 66???
what r u saying, BIDU made u drunk..
I have been monitoring FCX on a poss buyout...
seems to be going fast up...
PT,
i meant FCX at 86
BX:
i bought in this morning.
Beanie,
so if AAPL goes down to 115 which calls would you recommend buying?
Also, what do you think of GOOG? Good time to get some calls? Which ones?
Thanks
Did M recommend his spec play?
aymon,
With GOOG, i would get in the money or near the money.
Solar stocks on fire again!!!!
SPWR great buy if it stays above 66
FINALLY! Apple is off to a nice start today... +2.88 last i checked.
JASO:
simply amazing
Beanie,
At what price do you think we should get back into RIMM?
look at that strength in NTRI...1$ down and institutions gobbled those shares...
Forming a nice cup here
I believe huge earnings, big breakout and 2 for 1 split...
Good luck
also holding spwr, hoku, lifc, kyph...dec calls...cheers
AAPL:
those calls are almost worth twice as much.
congrats.
And people complained about the paris hilton picture on my blog.....well it said buy HLT and today up over $2.....
Buying or getting buried....XHB july 28 calls 2.35....seems safe enough....
downside... i can name 50 reasons....
upside....thurs and fri econ reports good....hope this helps housing...
zee
Love that AAPL action.
Thanks for the board, Beannie, and Happy 4th of July to all.
WOW, what a awesome day! AAPL, FSLR, LVLT and AMX I love you!
Go home early, have a safe and fun 4th!
RIMM:
i believe this stock bottomed at 207
BX:
i think it goes higher next week. I want to say it already bottomed but let's see Thursday.
Beanie, whats so good about bx? Whats your target
jet,
BX is the biggest private equity fund around. While i find private equity going public makes no sense at all, i feel that the big boys will eventually put this stock in play.
It is very important the stock trades and stays above $30 soon, or else i don't recommend owning it. The stock could still dip to the low $20. I will use $30 as my guide. Get in above $30 and stay out below $30.
BX:
i choose to look at playing this stock at this time is because the chart is saying it should go higher at least in the short term. I am hoping the big boys pick this one up and run it to new highs, instead of bouncing it and then let it rip lower. We'll just have to put this one on our radar and see.
RIMM:
It was premature of me to announce that 207 is the bottom, because it may not be. It's a pretty long red candlestick today. We'll see.
It’s raining in Texas....but this is so possible.......AMR and CAL 200 d MA’s which is a strange signal in the first place...but oh so reliable...says the general market short term top happens when AMR at $30.40 and CAL at $38.70...be prepared to short SPY, DIA, QQQQ... if you see these two stocks at these two prices...or go to blog...for a look see...
Here’s a chart AMR with the 200 day MA...
AMR CHART
downside....these two airlines go down at the 200 d ma target price but the market keeps going up...it would be nice though if Tranportation sector really does signal the market top this time...
AYMON JULY calls on AAPL ...$300 contracts gets you delta 30..$500 gets you delta 50 ... $800 gets you delta 80.... man JULY AAPL contracts are cheap....
AAPL ... AUG calls $300 gets you gets you delta 30 and $800 gets you delta 50...
BIDU AUG calls $1000 contracts gets you delta 35...
GOOG AUG calls $1700 contracts gets you delta 35...
GOOG JULY $3000 contracts gets you delta 80...( for daytrading only, i imagine).. cheaper just to buy the stock...
zee
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