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Apple Investors We Got Our Wedgies

Started by Zach Bass · 10 months ago

What a great day in the market yesterday (August 28) if you’re a Bull, as all the major indices broke out of their respective wedges, and to the upside! Much of the advance can be attributed to the surprise GDP numbers, revised to 3.3$ growth, and improving Jobs ... Continue reading »

22 comments

  • Motorsport Experience

    7 months ago

    I am tempted to go in for Apple but I really need to see the economy bottoming out. The truth will be revealed when they tally the earnings over the festive period.
    reply
  • Racing School

    7 months ago

    It's amazing how the stock has tumbled in just less than 3 months.
    reply
  • taojones

    10 months ago

    if there's any stops or sneaky tweaks that can be done to these government figures this week they will be done. you can count on this administration to publish good news prior to mccain's convention and push this market as much as possible ( exaggerate today revise tomorrow ,lie of omission is the bush style) if we finish down prior to the week end it will be a miracle.
    reply
  • Ed

    10 months ago

    zach's wedgie is full of crap as usual--he's no better at picking the direction of the stock, or the market, than throwing darts...

    a monkey throwing darts...

    oh, and please remember to click on some links to reward him for for poting worthless crp dy in and day out..

    we're here..we could go there, but we might go here, or may stay there...

    "as i said"..

    lol
    reply
  • SEO

    6 months ago

    Sometimes it is good to be debating in blog post, however it is not a advisable to go further by posting personal attacks.
    reply
  • macfan

    10 months ago

    I could not agree more.
    reply
  • crazyhorse

    10 months ago

    ED,
    and you are who?

    Don't be a DICK ED.

    You look like more of a ASS than a monkey!
    reply
  • Ed

    10 months ago

    hi crazyhorse,

    if you played zach's call yesterday, you just got stopped out at $170 for a nice loss.

    what Zach didn't tell you yesterday (but he just told people on his googl blog) was that he played a straddle along with the buy the stock at 174-76 call and he is POSITIVE in his trade!!)

    Guy is amazing!! You're out of the stock and your money!!
    reply
  • Zach Bass

    10 months ago

    My standard operating procedure on stops is that they are on a closing basis unless there's an intraday reason to pull it, or otherwise noted. For example when there's a very tight stop I would recommend a trigger. But this is a swing trade with a longer horizon. Gotta let it breathe.
    reply
  • Ed

    10 months ago

    either way, anyone who listened to that call yesterday, was stopped out today with the close below 170.

    your blog post just a short 4 days ago was all about capital preservation.

    today, any of your clients would have been stopped out at a loss.
    reply
  • Zach Bass

    10 months ago

    Well, Ed, let me just say that I agree with you. I agree that I made a mistake with the construction of the alert. My thinking was to make the stop just above the 50 day moving average, which at the time was $169.74, so I made the stop $170. I now realize that I should have made it just below the 50-DMA at $169.

    That makes more sense because one would expect that the 50 DMA is a level of support that if breached would make the risk:reward much smaller. So, I have to apologize for that mistake. The other mistake I made was that I should have spelled out "Stops on a closing basis." Although in this case the first mistake would have trumped that.

    In either case, I am still holding my long, and believe it will work out just fine.
    reply
  • The Meta Secret

    7 months ago

    Hi Ed,

    If you are so pissed, why don't you just roll over? Why do you come here and rant when Zach don't even charge you a dime for sharing some insights of how he trades? You sound like some Guru so why don't you post some of your achievements or leave down your url. If not, just get lost, the sight of you makes me puke. You must have lost a lot to be so frustrated. If you can't take the heat, then don't speculate and stop coming here to bark like an insane hound.
    reply
  • marcos

    10 months ago

    This is short pain. The kind of pain that is inflicted by stubbing your toe in the night going to the bathroom or banging your head against a partially open door. Me, I prefer just to bang my head against a wall and daily, when I see the results of AAPL's moves. With the low volume its been carrying lately, a single fart at a MacWorld Convention will make the stock stink.
    reply
  • Comment removed.
  • marcos

    10 months ago

    Zach Bass,

    Its Zach not Xact. Don't let the bastards get you down. These nasty comments
    are the frustrated rant of grown babies who still expect some else to wipe
    their asses for them. Sometimes you hit it and sometimes you don't. You're
    not a hired investment advisor and I do appreciate your insight.
    Keep on keeping on. BTW if you want tech vision or comment on AAPL and
    interrelated events with other tech companies from time to time we will
    dispense it. We are just not so good at picking the winning days this year
    as we've been in the past. But, hey, no one is lately.

    Marcos
    reply
  • Macfan

    10 months ago

    I have a great Idea. How about we all just stop reading Zach Bass's crap. "I realize now" that " I was mistaken" to have been reading this garbage all along. I'm done.
    reply
  • marcos

    10 months ago

    Its Zach not Xact. Don't let the bastards get you down. These nasty comments are the frustrated rant of grown babies who still expect some else to wipe their asses for them. Sometimes you hit it and sometimes you don't. You're not a hired investment advisor and I do appreciate your insight.
    .
    reply
  • Macfan

    10 months ago

    Aw...That is sooooo nice. You're a great guy Marcos.
    reply
  • Zach Bass

    10 months ago

    This is a swing trade, which means it has a time horizon from a few days to a couple of weeks. And the setup will stand so long as the performance of the stock and market make it an acceptable risk. I'll have to admit we're skirting on the edge. But so far the trade still has a good risk to return ratio. The big wild card here is how the markets will behave when the big money gets back from the long weekend, and if Gustav has made any significant impact.
    reply
  • hd movies

    6 months ago

    Isn’t that interesting. The company that sells cut-rate Windows based machines, with ultra slim margins, can’t compete with Apple which sells first-class personal computers with margins that are the envy of the industry. This looks like another huge opportunity for Apple to gain even more market share. The only concern is that some investors may look at Dell’s poor showing as a reflection on corporate spending.
    reply
  • SEO

    4 months ago

    Well i guess advances would definitely stick as well as Technology Sector will also hold these advancements..
    reply
  • Web Design

    3 months ago

    I have always tempted by stocks progress. The graphics looks nice, though the line is moving downwards so no applause yet. .
    reply

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