Saturday, November 10, 2012

Apple...Back Up The Truck!...BUY!!!!

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Apple’s revenues –which it recently forecast would grow to $52 billion – makes its fundamentals attractive enough to lure back skeptical investors. For that reason, Brian White, analyst at Topeka Capital Markets, thinks the stock could soon vault above $1000 per share once the pessimism lifts. Read More

Doug Kass: Time to Buy Apple Again link 
UBS hardware analyst Steve Millunovich today reiterates a Buy rating on shares of Apple link

ITZ has suggested buying Apple at several levels since May as a long term core holding in 1/4 position increments: May 17th $539; July 23rd $588; July 25th $572 & recently Oct 9th $626.
Also having traded call options.

Chart below looks at Apple's cash position & ex-cash valuation, currently at extreme low valuations.

click on chart to expand image



Past ITZ Apple posts:
 Apple Update: Q4 Earnings Report
Apple Pre-Earnings Outlook 10-6-12
Apple Misses Earnings...Now What?

 

19 comments:

itzstockchartz said...

BOUGHT 1/4 position April $650 call options for $15

itzstockchartz said...

add to call position should $AAPL test $540

itzstockchartz said...

added 2nd 1/4 position on call options @ $14

itzstockchartz said...

Let's see if $535 gets retested...currently 1/2 position on April $650 call options cost basis $14.50

itzstockchartz said...

$AAPL $544.30 lets set stop on April $650 calls $14.75

itzstockchartz said...

set stop @ $15 on call options use $0.25 trailing stop

itzstockchartz said...

set stop now to $15.25, currently $15.40 bid/$15.60 ask stock nearing $548 resistance next test $554

itzstockchartz said...

Was stopped out @ $15.25 on call options +$0.75 +5.2%

itzstockchartz said...

Re-entering April $650 call options this morning 1/4 position @ $13

itzstockchartz said...

added 1/4 position $13.25

itzstockchartz said...

Place sell @ $13.60 on calls

itzstockchartz said...

Sold calls @ $13.60 +$0.47 +3.6%

itzstockchartz said...

Re-entering calls 1/4 position @ $13 on open

itzstockchartz said...

add to call option postion on break above $550, sell on break below $541

itzstockchartz said...

Apple broke under $541 exited 1/4 position initiated earlier @ $12, $1.00 loss

itzstockchartz said...

re-entering April $650 calls with 1/4 position $11.30

itzstockchartz said...

looking to add 1/4 position on April $650 calls under $10 prior to close...will post

itzstockchartz said...

Added to Apple April calls 1/4 position $8.30

itzstockchartz said...

Added to call position on reversal $9 remaining 1/4 position:
Recap>> $11.30;$10;$8.30 & $9= avg cost $9.65