AAPL Correcting Lower $10.45 (2.6%) to $384.80 on IPad Demand Concerns

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A Daytraders Strategy: Part 2 of 2

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No Weekly Trader Homework This Week

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Napodano: Nile Digs In

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

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AAPL Correcting Lower $10.45 (2.6%) to $384.80 on IPad Demand Concerns by Andrew Keene | 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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Michael Kudrna

(Monday, May 20. 2013 11:10 AM)

Keeping tight position in DEJ until we get confirmation of no short-term dilution from management. As Zacks noted, cash ratio is slightly under what they need to keep financing.

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Michael Kudrna

(Friday, May 17. 2013 12:56 PM)

Added back to GST and looking for the chart to grind higher. Easy money seems to be made, so keep a close eye on your positions.

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Michael Kudrna

(Monday, Mar 11. 2013 3:41 PM)

Initial glance at GST earnings is bullish. Lawsuit overhang will keep a lid on how high stock can move though. Long term spec still

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