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AAPL Correcting Lower $10.45 (2.6%) to $384.80 on IPad Demand Concerns | Kudrna's Stock Market Talk
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Napodano: Nile Digs In

Napodano: Nile Digs In

On May 15, 2012, Nile Therapeutics (NLTX) reported financial results for the first quarter 2012. The company reported grant revenues of $195K in the quarter. Net loss for the quarter was $0.8 million or $0.02 ...

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Can Rick Santelli Teach President Obama Basic Math?

Can Rick Santelli Teach President Obama Basic Math?

Chicago's Rick Santelli discusses another way to view the budget with the most simplified view I have seen so far. As I always say, Santelli is a voice of reason on major media television that ...

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TIPSTER: Hollande – The New Canary In The Eurozone Mine

TIPSTER: Hollande – The New Canary In The Eurozone Mine

Quote of the Day: No one is preventing Hollande going ahead with joint bonds for France and Monti for Italy Michael Meister – Merkel’s Christian Democratic Union Party Member   Macro Overview Hollande Is The Canary In The Eurozone Mine Did ...

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TIPSTER: Eurogeddon Fatigue – One Week To Save The Euro… Again

TIPSTER: Eurogeddon Fatigue – One Week To Save The Euro… Again

Quote of the Day: …liabilities and controls go together… Angela Merkel Macro Overview Squeaky Bum Time – Again One week to save the Euro, that’s what Italian Technocrat-Prime-Minister, Mario Monti, thinks. He is of course referring to the week which ...

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Fiscal Cliff Deal: $41 in tax increases to $1 in spending cuts!

Fiscal Cliff Deal: $41 in tax increases to $1 in spending cuts!

It appears we (Our Govt and the majority of voters) have not learned anything from history, even if it's only about 15 years old.  The most recent fiscal cliff deal, reviewed by the CBO, has ...

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Senator Marco Rubio To President Obama: Raising The Debt Ceiling A Sixth Time?

Senator Marco Rubio To President Obama: Raising The Debt Ceiling A Sixth Time?

Another open letter to President Obama has gone viral among the masses via social media.  First it was Leon Cooperman's letter to President Obama that was highly discussed, now it is Senator Marco Rubio expressing ...

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No Weekly Trader Homework This Week

No Weekly Trader Homework This Week

Due to time constraints this week, this is the best I could get done for everyone.  As most of you know, I am now a restaurant owner and spending significant amounts of time trying to ...

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Napodano: Zipsor A Nice Fit For Depomed

Napodano: Zipsor A Nice Fit For Depomed

On June 21, 2012, Depomed (DEPO) announced the acquisition of the product Zipsor (diclofenac potassium) Liquid Filled Capsules from privately-held Xanodyne Pharmaceuticals, Inc. Zipsor is a non-steroidal anti-inflammatory drug (NSAID) indicated for relief of mild ...

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A Daytraders Strategy: Part 2 of 2

A Daytraders Strategy: Part 2 of 2

Continued from Part 1 of A Daytraders Strategy Another successful strategy I use to day trade is very similar to the one used in Part One. However, this strategy uses different indicators to lead the decision ...

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Trading Lesson:  Buy Winners, Not Losers

Trading Lesson: Buy Winners, Not Losers

Remember this basic strategy to save yourself from racking up big losses or holding lots of red and sweating it.  We have multiple discussions in the live chat throughout the day.  This point keeps coming ...

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AAPL Correcting Lower $10.45 (2.6%) to $384.80 on IPad Demand Concerns by | This entry was posted on Thursday, November 10th, 2011 and filed under Stock Market   Comments Off


Price change: Apple Computers (AAPL) is plunging down $10.45 (2.6%) to $384.80 on IPad Demand Concerns.

Thesis: AAPL has been range-bound stuck in a wide range between $350-$425 since July. This IPad demand concerns is a problem, but will not been seen until they report their next earnings report.

Bottom line: AAPL is the most loved company in the world. Throughout the last couple of years it has been a buy on every dip. It has seen poor earnings, the death of Steve Jobs, and now IPad demand sales and it still keeps on chugging. They are now the second biggest smart phone seller, losing out to Samsung this quarter. They only make up 5% of the Smart Phone market share, but comprise of 50% of the profit. I sold a very small piece of the weekly 380-375 Put Spread in the weeklies and if it settles under $380 I will sell a weekly call for next week against it. They will see increased competition against AMZN in the tablet space when the Amazon Fire comes out, which Amazon is willing to sell at a loss.

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