AAPL Apple: Runup to earnings

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	David Sachdev
	Washington, DC User since Dec 2009	37
Covers MCP SINA GLUU SODA BAC AAPL TIBX and 3 other stocks - Go to Blog
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Runup to earnings

I personally think that we will see 435 on AAPL prior to earnings which I believe are on the 24th. I also think that we will see high volatility on the price of the options up til the 22nd or 23rd, which is why I purchased options a month or more ahead. I have sold some options, and bought others when the buying opportunities have come up. I think that another break below 419 could send us back to 415 and I would see that as an additional buying opportunity.

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What People Are Saying...

Wesley To said at 1/12/12 3:53 PM Price action was $421.25 -1.30 (-0.3%)

I hope you're right! I would love to see $435 in the next 10-12 days!

David Sachdev said at 1/13/12 8:08 AM Price action was $421.39 -1.16 (-0.3%)

It will be interesting to see how the market reacts to the iPhone news out of China. Could be good on the sellout, could be bad on the issues at the Apple Store, and them not selling it at certain stores because of the violence.

David Sachdev said at 1/13/12 8:28 AM Price action was $421.39 -1.16 (-0.3%)

Target said on Thursday that it planned to test Apple centers at 25 of its retail locations this year.
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A Target spokeswoman, Dustee Jenkins, described the tests as ?expanded displays? of Apple products, but declined to say how the merchandise would be arranged or whether there would be Apple Store-like displays to showcase it.

Apple already has small stores within Best Buy locations, but enlarging its presence at Target would make the computer, phone and music brand more accessible to everyday shoppers who are not necessarily looking for electronics.

Ginger Gal said at 1/13/12 12:57 PM Price action was $419.26 -2.13 (-0.5%)

Sounds like the mobs in China who want the 4GS will be buying online.

Also just read the note about Target! Based on the AAPl at $500 does not sound absurd at all!

I am holding on for $435 for now.

David Sachdev said at 1/13/12 2:01 PM Price action was $419.14 -2.25 (-0.5%)

Apple discloses it's suppliers. There has been lots of NXPI chatter since:

http://www.washingtonpost.com/business/technology/apple-discloses-its-suppl...

David Sachdev said at 1/16/12 11:16 PM Price action was $419.81 -1.58 (-0.4%)

Apple's Thursday media event:

http://www.macrumors.com/2012/01/16/more-on-apples-textbook-plans-for-thurs...

David Sachdev said at 1/17/12 8:41 AM Price action was $419.81 -1.58 (-0.4%)

Apple Earnings next week looking large as suppliers show strength.

http://www.forbes.com/sites/greatspeculations/2012/01/17/apple-earnings-nex...

David Sachdev said at 1/17/12 11:21 AM Price action was $425.63 5.82 (+1.4%)

We may challenge the all time highs today.

David Sachdev said at 1/18/12 9:45 AM Price action was $424.70 0.00 (0.0%)

New All time highs in AAPL

David Sachdev said at 1/18/12 3:01 PM Price action was $428.33 3.63 (+0.9%)

Sold some AAPL options, but holding onto more...looking for higher prices tomorrow in the a.m. ahead of announcement for textbooks.

David Sachdev said at 1/18/12 3:16 PM Price action was $428.50 3.80 (+0.9%)

Getting there...high at 429.47 now.

David Sachdev said at 1/19/12 8:46 AM Price action was $429.11 4.41 (+1.0%)

You got to love it. He didn't like it on it's multiple dips to 365, or the time it flirted with 352 in October, but he likes it now:

Apple Inc. : Jim Cramer ranked this stock a Buy . The stock closed at $429.11, its 52-week high is $429.47, and its 52-week low is $310.50.

David Sachdev said at 1/20/12 11:35 AM Price action was $424.38 -3.37 (-0.8%)

This will probably bite me in the ass, but I'll put the high range of next week around the 447 level.

I think Tim Cook wants to make sure that the street hasn't lost confidence in AAPL, and if they were close to missing numbers they wouldn't have pushed the China iPhone 4S launch into the next quarter.

Also look at AAPL suppliers:
Skyworks jumps after earnings and guidance, resistance at $21.38

David Sachdev said at 1/24/12 2:36 PM Price action was $422.79 -4.62 (-1.1%)

I think we have to wait another 3 months before there is a chance of a dividend....but wondering if we might get a stock split.

David Sachdev said at 1/24/12 4:49 PM Price action was $420.41 -7.00 (-1.6%)

All of twitter calling for AAPL 460 when it is un-halted.

David Sachdev said at 1/24/12 4:51 PM Price action was $420.41 -7.00 (-1.6%)

After Hours: 460.24 Up 39.83 (9.47%)

Wesley To said at 1/24/12 5:21 PM Price action was $420.41 -7.00 (-1.6%)

Nice, looks like a win for me tomorrow. I hope we see $460 at the opening bell.

Josh Warner-Burke said at 1/24/12 7:42 PM Price action was $420.41 -7.00 (-1.6%)

Great call David.