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Last Update: 9.30.13
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9.14.13 “$AAPL Levels I am Watching (Part 2)“
9.23.13 “$AAPL Levels I am Watching (Part 3)”
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9.23.13 Monday
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9/19, Entered Calls @ 473.10
*Chart screened at 8:37am CST on 9/19/13
Back above 50EMA and pivot level!
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9/20, Added More Calls @ $474.55
*Chart screened at 8:55am CST on 9/20/13
As long as we stay above the pivot level, bullish momentum could continue.
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9/23, Added More Calls @ $488.19
*Chart screened at 9:04am CST today
As long as we keep the gap open, island reversal could still play out.
Held Up Well
*Chart screened after market close today
Gap is still open, stayed above the pivot level and island reversal still in effect as the gap remains open. I will update as it starts to progress. Holding full positions.
Click here for in-depth analysis on $AAPL.
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9.25.13 Wednesday
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Added More Calls @ 485.50
*Chart screened at 8:42am CST on 9/25/13
Still there are many bullish signs accumulating and it needs to break above $490 to start the bullish momentum again.
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9.30.13 Monday
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All Positions Stopped Out @ 476.26
*Chart screened at 8:33am CST (market open)
All positions were closed this morning as the whole market gaps down, $AAPL also gaped down. Fortunately, positions I got in @ $473 and $474, had preserved some gains so I was able to get out with minimal loss. Its unfortunate for $AAPL that the broad market has been seeing much weakness last few weeks while $AAPL really tried to make something happen and was setting up for higher prices. I guess it just couldn’t contain the pressure.
11 thoughts on “How I am Positioned in $AAPL”
Is it all priced in?
With 9 million phones and potential increase in buyback, you would think this would be back above 500 by now. The mood is not good. I don’t know why. Can’t be just because of the budget issues in Washington. Since we knew that Ichan was going to speak with Cook in Sept, maybe it was already priced in. If it was then we could see a pop on the announcement and then a big drop following it. Still have to wait and see how it closes today. We should know the Ichan results on Monday. If he can’t convince Cook to increase buy back then it could get very ugly.
Sorry, correction….
It’s a Monday dinner so we should know on Tuesday what transpired.
what day did you enter the calls? did you get in pre the 9 million sales announcement? The dates are slightly confusing (friday the 19th)?. The updates make it seem like you got in calls the 23rd at 473 but it hasn’t been that low since last week. Thanks for the articles.
Zex_M19 thats y i only trade with TA and not trying to answer all of that questions. Need to get above $490 next few days for higher prices
hakimmd2010 every chart there is annotation with when the chart was screened which was the time when i was loading up calls. 19th thursday 20th friday and 23rd monday. Its not that hard to see
Zex_M19 imv what what is priced in is a tremendous amount of skepticism about the true demand and supply of the new iPhones. With the skepticism, what would be unfettered bullish fundamental news is being perceived as uncertain. I know what I think.
Oakgrovecapital Zex_M19 i do like the close today with possible bullish harami cross setting up (needs follow thru for confirmation). $490 is level to reclaim to gather some bullish momentum here
All elliott wave enthusiasts will know that AAPL is at the beginning of WAVE 3 which is the longest and strongest to the upside. Apple is soon going to sky rocket.
@2kaykim: you could have held on for a little longer Kay. Aapl is sure to go higher levels
agni123 yea im back in it at $480.30 (will be making another post tonight)
2kaykim you did good to get back in right away.