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Posts Tagged ‘Apple Inc.’


Posted on September 9, 2008 - by andrew

Stock Chart Update: Apple Inc, BMI, CSX, STJ, MPWR

If you’ve been following the market’s behavior over the last month, you already know that July’s rally stalled and is now a correction. I wanted to give a quick update on the stocks I analyzed recently:

Apple Inc. ()

Apple has not changed much since my first post. At the time, it was shaping a cup base. It eventually stared to form a handle with a buy point of $180.45 (Point 1). It has since fell about -17% below that buy point (Point 2). I would wait until reaches the old buy point of $180.45 before considering buying it.

Apple Inc (AAPL) 09/09/08

Badger Meter Inc ()

As stated in my previous post, Be cautious with Badger Meter Inc (BMI), had two red flags that warned investors to avoid buying it:

  1. Only averages 142,000 shares a day - thin stock, below the minimum 300-400K shares daily volume.
  2. Negative reversal on huge volume - had a big gain, then three big distribution days the week of July 25, 2008

The week after my post, had a rebound on strong volume that might have suckered some investors back into buying shares (Point 1). But you can see over the next four weeks, sliced through its 10 week moving average (Point 2), then crashed all the way to its 40 week moving average (Point 3).

Badger Meter Inc (BMI) 09/09/08

Corp ()

Transportation-Rail stocks were doing well at the time I wrote my original post, CSX Corp. (CSX) forming a Cup Base Pattern. But as the rally stalled so did and the rest of the rails. went on to form a cup-with-handle base that ended up failing. sunk to its 40 week moving average on heavy volume last week. Watch to see if it can build the right-side of this current base with healthy volume.

St. Jude Medical Inc. ()

St. Jude was forming a three-weeks-tight pattern as biotech stocks seemed to be amongst the leading sectors when the rally began. But ended up moving sideways and formed a flat base (Point 1). The bright side is that volume has been low, which means big investors aren’t dumping shares. Keep on your radar when a new rally begins.

St. Jude Medical Inc. (STJ) 09/09/08

()

When I wrote my original post, broke out of its cup base on strong volume. The rally was still going strong at this point and I decided to buy some shares in (see my trading journal). But within a few days, quickly triggered my -8% loss rule and I sold my entire position.  has since sunk down to its 40 week moving average.


Posted on May 22, 2008 - by andrew

Sold 21 Apple Inc (AAPL) @ $178.37

Sold all of :

  1. Market looked like heading for a correction
  2. I bought too early and ended up forming a handle. I fig I could get back in on the handle break out
  3. Already had a -5% loss.

Posted on January 2, 2008 - by andrew

Sold 25 Apple Inc. (AAPL) @ $194.19

Sold all of my because:

  1. The market was down big today by 1pm (Nasdaq -1.8%)
  2. Had nearly a -4% loss in and did not like how the market looked

Posted on December 26, 2007 - by andrew

Buy 25 Apple Inc. (AAPL) @ $200.88

Bought :

  1. 2% above  $196.93 buypoint from rebound off of 50 DMA
  2. did not go lower from where I sold it earlier in the week ($195.85) and was still within buypoint so I decided to buy it back

Posted on December 24, 2007 - by andrew

Sold 36 Apple Inc. (AAPL) @ $195.85

Decided to sell :

  1. Was still within -1% of a $196.93 buypoint and felt that I could always buy back after Christmas on a dip
  2. Was satisfied with the $300 profit I had in just 3 trading sessions.

Posted on December 21, 2007 - by andrew

Buy 12 Apple Inc. (AAPL) @ $192.98

Decided to add to my position:

  1. just crossed its buypoint of $192.78 (however it was on lower volume)
  2. Wanted to add more to my position because I think its gonna do well, despite the fact that I already bought $4500 worth

Posted on December 20, 2007 - by andrew

Buy 24 Apple Inc (AAPL) @ $186.51

Bought back into APPL:

  1. Nasdaq was up 1.42% on higher volume in the afternoon
  2. was around the price where I had sold it last week.

Posted on December 17, 2007 - by andrew

Sell 24 Apple Inc. (AAPL) @ $186.49

Sold all of my :

  1. Have a feeling the rally is in trouble and did not want to lose more (already had -4% loss)
  2. Felt I could always buy back again once it reached its buypoint again (was -4% beneath it)

Posted on December 12, 2007 - by andrew

Buy 24 Apple Inc (AAPL) @ $193.46

Started a position in :

  1. Felt like it was safer than BIDU
  2. Still within +1% from buypoint of $ from rebound off of 50 DMA
  3. Market rebounded strongly at the open from December 11th selloff.
  4. Have confidence in from past investments. Did not think it would be too volatile if the market hit rough patches during rally

Posted on November 8, 2007 - by andrew

Sold 20 Apple Inc. (AAPL) @ $182.55

Sold all of my position:

  1. Has been longer than 4 weeks
  2. Market is acting weak and wanted to take profits