55x reaching....

I'm watching from sidelines now.. need to see if AAPL can creep back above 564.. otherwise
I'll have to redraw my chart for bearland navigation.

it's broad US market profit taking now, not just apple. dunno this will last how long.

yup... Draghi comment this morning drove down stocks even more.
If SP500 can't hold 1380.. that's it.. SHORT all the way.

Apple (NASDAQ:AAPL) still has “brilliant people” and “amazing new products,” but the company has hit its peak and has nowhere to go but downhill, according to a former employee. Dan Crow, a former engineer manager at Apple and also a past employee of Google (NASDAQ:GOOG), wrote in an opinion column in The Guardian on Wednesday that several changes in the company after the death of co-founder Steve Jobs as well as its recent “missteps” have led him to believe that the best was over.
“I think Apple has peaked and the story of the next few years will be one of a slow but real decline,” Crow wrote. “There are a number of signs. The most visible recent one is the Maps debacle. Replacing Google Maps with an obviously inferior experience shows how much Apple has changed. Apple’s success had been all about offering users the best possible experience; suddenly it is willing to give users a clearly worse experience to further its corporate interests — in this case its long-running dispute with Google. We might expect this sort of behavior from Microsoft (NASDAQ:MSFT), but we don’t expect it from Apple.”
Our 20-page proprietary analysis of Apple’s stock is ready. Click here and to get your Cheat Sheet report now!
Crow added that he believed there were signs of a “creative slowdown” at the company and cited the example of the launch of the fourth-generation iPad, which came just over six months after the third-generation iPad. “[iPad 4] doesn’t improve substantially over the previous version, yet has managed to annoy users who just bought an iPad 3,” Crow wrote. “This insipid update is not the sort of magical product launch on which Apple has built its reputation.”
Crow added that Apple was built in Jobs’ image and with him gone, it was suffering from “serious structural faults.” He also pointed to what he felt were recent dents to the company’s public perception. Although Crow said he did not believe the company was likely to go the way of Research In Motion (NASDAQ:RIMM) or Nokia (NYSE:NOK), he wrote that “the pace will slacken and … it will not return to the levels of execution and brilliance we saw in the first decade of this millennium.”

http://wallstcheatsheet.com/stocks/is-appl...to-an-end.html/


Quite true of what he said....
World middle class population is surely increasing in the next decade. Question is, if Apple really turns into an just average brand instead of current premium brand, can its profit still surging over the years? Since other companies are basically sharing market shares from Android and the still small of windows platform, when Apple has no competitors on iOS platform.
And I've no idea if the Apple TV can fight with Samsung TV.

I think PD may come out and defend his stance on AAPL later...
Anyway, we got serious technical damage today.. it may take a while to repair AAPL (Close 558.00 -22.20 3.83%) - stucked in bear land.

General index SP500 closing below 1400, Dow below 13000 also not good but great for bears.
So, I expect more selling to come.
If you're longs, should stay aside and let this play out first and take opportunity to sell every rally from here.

This post has been edited by danmooncake: Nov 8 2012, 05:33 AM

Some miners held up pretty well today! Whatta change for once!

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Added on November 8, 2012, 8:37 amLOOKie at this trade! Wowee!


UVXY

04:00pm EST

31.34

4.34

+16.07%

11,807,541

ProShares Ultra VIX Short-Term Fut ETF

This post has been edited by prophetjul: Nov 8 2012, 08:37 AM

Greetings + G'Day,

DJIA skydive 313pts today due to fiscal cliff fear which expects to push USA
to recession by -0.5% of the GDP in 1st half of year 2013. DJIA and S&P500
closed below 13000pts and 1400pts respectively.VIX jumps to 19pts.

CASH will be KING again in 1st half of year 2013.
Monitor and wait until FEAR FACTOR VIX reaches 30pts and above, to make
wise + prudent decision-making by putting yr $$ to work hard 4 u.

VIX will shoot up + market will skyfall if major rating agencies downgrade usa credit debt grade.

http://en.wikipedia.org/wiki/CBOE_Volatility_Index
http://en.wikipedia.org/wiki/Fiscal_cliff_debate

Have a great day.

LOL.. I heard various spins on this.. the financial news just look for reasons why the market tanks.

The fiscal cliff fear isn't the only cause because it's been well known way ahead of time - infact months ago..
now only sell of meh?

The stories are..we got all sorts of combo events...overnight Obama wins, then Romney's friendly hedge funds SELL to punish the financial systems..Draghi comments that said Euro Zone will remain "weak" in near term - , AAPL fell into bear territory (564)..another technical sell because some index funds hold 5~10% of AAPL.
2nd storm is coming to US east coasts again.. now we got financial storm.

Anyway... I think for all dip buyers out there.. just be careful, we could be in the process of a major pull back. Uptrend will become downtrend in a few more sessions if this doesn't bounce. Watch for that 200MA line..(line in sand).

Good luck to all.

This post has been edited by danmooncake: Nov 8 2012, 10:14 AM

Greetings + G'Day,

Expects to have 15-20% correction in year 2013, if any of the rating
agencies(Moody's Investor, Fitch and Std & Poor) downgrade usa credit debt grade
again due to no compromise/clear solution to the fiscal cliff budget hanger.

Cash will be KING.. Pick + Invest wisely .. My Pick = LVS, XL, LYG, MGM, BZH + CRBC

Have a great day.

Dow , Nasdaq, Russell all lost 200MA already

Let S&P 500 join the party

Would it b a gd time to go into US market after Boxing day b4 CNY???

Hope its gonna b a pretty 2013!!!

What kind of question is this?

hmmm if u thk 2013 will be a good year then perhaps u can go in...?
but i m all for the bear~~ =P for now bear is growing~~~wuuhuu~~

Greetings + G'Day,

What are the best USA stocks for investors to pick? Dividend? Price?
Low P/E Ratio, PEG ?? Good Cashflow? Share Split 2 for 1 ...etc..etc

AAPL, C, BAC, GE, KO, MCD, MSFT, IBM, INTC, NBG, CRBC,
ETFC, S, SVU, THC, LSI ..etc..etc

Have a great day.

G'day,

Best? It's all relative.
What's best today may not be best tomorrow.. eg. look at AAPL. 6 months ago.. it was the Best! Everyone wants it. Now, it is a Pest! Everyone wants out!

Also, looks like you already got your picks above..

When you picks stocks.. ask yourself "What's my their time horizons, my expected returns and my risk tolerance .."
I not sure if you're in just for trading, or really investing (like long term cap gains, expecting divis..) or something else.

For investing, you may want to spread your risk and choose each stocks from diff. sector (aka. diversifying).
Below, you got two pairs that are too close.

LVS and MGM - the same gaming sector (pick one or the other)
XL and CRVC - Ins & banks...close enough.

Try pick 5.. all from different sectors.

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Added on November 8, 2012, 9:57 pm
AAPL is trapped below the bear line (-20% from peak) tonight.. it needs to crawl itself out from 565.. otherwise,
next sub floor is at 525-535.

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Added on November 8, 2012, 11:12 pmAAPL digs another $-7 hole to $548.. will we see $545 today?... $535 by Friday..watching capitulation?

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Added on November 8, 2012, 11:23 pmUpdate: AAPL 545 $-12 ...

Raw AAPL being squeezed into AAPL can juice..

This post has been edited by danmooncake: Nov 8 2012, 11:23 PM

Greetings + Gday,

LVS + MGM are my major portfolios as they respresent 60% of my holdings since March 2009.

I believed, in any gaming sector(casino), ppls always greedy and wanna to try their luck to earn fast money.
Both companies got its control subsidiary companies in Macau (listed in HKSE) and with great (and strong) China's
economy power house(2nd in the world), Chinese ppls also wealthy and will visit Macau to play roulette/black jack ..etc..etc.

If 10 ppls go into casino, and the probability is 80% of the ppls will lose their $$$ in the casino.. Even the 20% won,
but with greed mind/emotion, the next day, they will re-visit casino again and again. Their payput Dividends are great too.

BZH = Home Contruction Company is another one of my favourite pick, as USA housing has bottomed and
housing/home are growing in USA for the past few qrtrs.

AAPL = I monitor this counter when that time was just price = USD98 few years back.. Now, more then USD500..

Since we all earn a living in RM, it will very expensive to buy USA blue chip/technology stocks with much higher currency exchg.
Once u got a few units of USA stocks, when the stock price move uptrend, the profits will be convert to RM or remains in trust account.

My experience using online trading accounts are E-Trade(ETFC), UBS, Zecco and OSK188.. Support wise, OSK188 is better, as same time-zone.
Entry the market when there is a big MEGA Sale Discount ( When VIX > 35pts and above ).. Exit the market(sell non-performing counters)
when VIX < 18pts and below). VIX is the gauge of stock market FEAR FACTOR level.

All the best.

Only one comment. I see "risky" zone here.. 60% in one similar sector.

Bear like AAPL can juice it's dropping pretty fast compare to other stock isn't it

Now 547

Greetings + G'Day,

Always got the risk with the high allocation. Will be wise if portfolio splits into different industry/sectors.

BTW, i already got my capital back and good profit from the counters divident payout..

Fiscal Cliff Settlement/Agreement and rating agency downgrade on USA credit debt grade will be closely watch in coming qrtr.

IMO, Till Jan 2013, lock profits and hold CASH will be ideal case.. For good blue-chip divident counters, HOLD it 4ever.

have a great day.