Anyone planning on buying AAPL (Apple Stock)?

[Slug]

For those who still have AAPL calls out there. You might want to look at closing them out before the earnings announcement.

After the announcement some of the IV is going to come out of the option and if it falls back to "normal" you may need a ~$30 price movement up just to keep the option price where it is now.

Good luck.

Oh yeah, dumped that call for a loss a while back. Looks a whole lot worse now. It's a good stock though that will come back, but I'll be looking for a pretty clear bottom.

[KTP]

very very tempting to buy some Apple now at around $515.

I still hear all of the kids saying Iphone Ipad this and that

I saw a commercial for lego mindstorms 3 that only mentions supporting Apple products

Every time I watch a tv show or a movie I see a Macbook.

not sure why Apple is only $515 today.

[disneysteve]

very very tempting to buy some Apple now at around $515.

I still hear all of the kids saying Iphone Ipad this and that

I saw a commercial for lego mindstorms 3 that only mentions supporting Apple products

Every time I watch a tv show or a movie I see a Macbook.

not sure why Apple is only $515 today.

I think it was in Money that I just read an article recommending buying Apple. They had a little bit of a slide with the change in leadership but Tim Cook is hitting his stride, the iPad and iPhone are still doing very well. The iPhone 5 is incredible just speaking personally having acquired one a couple of weeks ago. And they sit on more cash than most European countries. The rumors now are that they are going to bring out a TV. If they can do to the TV market what they've done to every other market they've entered, think about the prospects of that.

If you are looking for an investment, I think Apple remains a good one, and this dip in price might turn out to be a great deal down the road.

[Slug]

I read the same article. I just stop limited out of AAPL last week when it dipped below $530. It's getting back to a level where I feel like nibbling too. It bounced off $509 on 12/14 and on 12/28.

[disneysteve]

Broke through $500 today and bounced back up to $504. I wonder how low it will dip.

[bjl584]

UPDATE 4-Apple shares fall on reports of cuts to iPhone parts orders

Apple's stock is being hurt as a result of their recent cut for parts for their I-phone.

Smart phones are becoming a commodity. Apple will need to do something really revolutionary to stay ahead of the game.

[kv968]

I think it was in Money that I just read an article recommending buying Apple. They had a little bit of a slide with the change in leadership but Tim Cook is hitting his stride, the iPad and iPhone are still doing very well. The iPhone 5 is incredible just speaking personally having acquired one a couple of weeks ago. And they sit on more cash than most European countries. The rumors now are that they are going to bring out a TV. If they can do to the TV market what they've done to every other market they've entered, think about the prospects of that.

If you are looking for an investment, I think Apple remains a good one, and this dip in price might turn out to be a great deal down the road.

I think the Tim Cook transition worry is pretty much over with and not so much a factor anymore. It is what it is. The concentration now is on the seemingly slowing orders Apple is having with their parts for the iPhone leading to assumptions that they aren't selling as much as expected.

The TV has also been talked about for years and I think most investors are just adopting an "I'll believe it when I see it" attitude.

If Apple has a decent earnings report and forward guidance I wouldn't be surprised to see it back in the mid-$600's. Even if they have don't have a blockbuster earnings report the valuation on the company is still very good. Investors are just worried about slowing growth and the competition that's being ramped up by others like Samsung.

Technically however the next real level of support is around the $400-$420 range. I don't know if it'll get down that far but with nervous investors you never know.

[Slug]

Yup, I'm sitting on Feb. call I should probably sell. Seems like all most all the pressure is downward with small recoveries.

[kv968]

Yup, I'm sitting on Feb. call I should probably sell. Seems like all most all the pressure is downward with small recoveries.

What strike price do you have?

If it's anything that's ATM or OTM you might want to sell some time before earnings due to high implied vol. Once that volatility comes out, AAPL will probably have to move up at least $10 just for those option prices to stay where they are.

[stockmarketmate]

I would advise caution when investing in apple. The earnings report is only a few days away, no need to jump in before that. If they beat you will still get a chance to enter at a decent price. Due to the fact that this was a holiday quarter they should beat but you never know. Pay attention to the guidance. Don't rush to buying before earnings report to avoid an unpleasant surprise.

[KTP]

I did do a calendar spread today (that sounds kinky) on Apple options.

I bought 2 April $500 calls for $30 and sold 2 Feb $530 calls for $11.

So I paid $19 per call ($3800 total plus $10 commission)


I calculate if Apple even just stays at $500 and the Feb expire worthless, my Aprils will still be worth $25. I can sell them in Feb after expiration for $1200 profit.

If Apple goes past $530 and I get called away, I make $2200 profit.

I have had some luck with this strategy in the past with stocks that don't do much like microsoft...we will see if it works with apple.

[disneysteve]

So Apple reports an 18% increase in revenue to a record level and earnings per share beat analyst estimates by $0.47 and the stock price plummets. It's a good thing they didn't report bad news.

[Slug]

Yeah, there's so much downward pressure on Apple right now. I'm glad I dumped my call option even if I did eat the loss. It would be much worse today. Pre-market is showing it in the $460 range. To me that's an opportunity to take a small bite (pun intended)

[kv968]

So Apple reports an 18% increase in revenue to a record level and earnings per share beat analyst estimates by $0.47 and the stock price plummets. It's a good thing they didn't report bad news.

They had an increase in revenue and beat the EPS estimates (which they always seem to do) but their gross margin fell ~6% from last year and their net income also fell 4% over the same period.

Nothing shocking, but it may be proving what some investors are thinking in that they can't stay competative without losing some on the bottom line.

[mrpaseo]

I sold my shares at $185 (Kicking myself) but I did make a $500 profit so not to bad.