10 months agoFrom AAPLInvestors.net’s Terrence Gregory, keeper of the stats.
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Look, I know Robert and Gregg are challenging my thesis, but it pretty much predicted that the options players weren’t going to have it easy pushing AAPL underwater today, even with the advantage of a major tech selloff in their favor. And I don’t think it’s going to get any easier for them going forward.
My reasoning is simple: The low volumes pf the last several months have been telling us that many folks are standing pat with their AAPL. But that also tells us they haven’t bought into the “Apple is doomed!” meme that’s been making the rounds for about that long. And guess what: They’re being rewarded for that patience!
Which means they’re now encouraged to buy and hold even more, which means the buyers at a higher price are outnumbering the sellers at that price. That old market formula, fear vs greed, has finally ticked over to greed.
Yes, it’s basically the same process that has driven TSLA to absurd levels. So? AAPL isn’t even close to being fairly valued, left alone absurdly valued! Buying AAPL isn’t a waste of money, even if no Apple Car is coming down the pike in the near future. At these prices, it’s an extremely sound investment.
The only surprise for me in this run-up is the time it’s taken for the buy and hold crowd to get off the fence.
As Max Pain goes up, isn’t that essentially option players hoping to ‘push’ aapl up? Although I tend to agree that the stock price tends to affect options a lot more than options affect the stock price. Option players tend to try to guess which why investors are going; investors that use option trends to determine how they are going to invest need to go back to investing 101.
“As Max Pain goes up, isn’t that essentially option players hoping to ‘push’ aapl up?“
I wasn’t suggesting some nefarious act, just that Max Pain can be overwhelmed by volume. Like last Friday, for example.
I used to know, but honestly don’t remember the details of the Max Pain process, other than it involved options houses essentially balancing their books on Fridays via buying and/or selling of stock.
And I probably should have said “options” rather than “options players”….
Not going to happen, they don’t like being interrupted by facts or logic. Give them a conspiracy theory and they’re as happy as pigs wallowing in a pen of shit.
How on earth does WS fail to realize Apple remains a solid “growth” stock while still prized as a valued play by investors? The best of both investment worlds.
Apple is firing on all cylinders. It has a pipeline filled with unique and innovative products along with rich consumer service offerings valued by a humongous installed base of users inside an ecosystem providing them security and privacy.
Apple is poised to continue growing in market cap and thus enriching its share price for investors. I never have been more optimistic about Apple’s potential growth and share price appreciation as I am now. Hold on, for 2022 and 2023 are going to be exciting for Apple long term investors. 🙂