Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Sept 22, 2017 2:18:41 GMT -8
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Sept 22, 2017 4:45:39 GMT -8
|
|
|
Post by rob_london on Sept 22, 2017 5:15:13 GMT -8
|
|
|
Post by osx10 on Sept 22, 2017 5:36:07 GMT -8
Where is the gap? $149.50?
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Sept 22, 2017 5:44:42 GMT -8
Depends on who is reading the chart. I was looking at July 31 and $148.73.
|
|
|
Post by artman1033 on Sept 22, 2017 6:24:35 GMT -8
|
|
|
Post by osx10 on Sept 22, 2017 6:26:38 GMT -8
Thanks, Since 84 for the info about the gap and for starting the thread everyday!
All gaps must fill... might still be a thing with AAPL. We certainly have seen that movie before.
|
|
|
Post by rob_london on Sept 22, 2017 6:43:55 GMT -8
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Sept 22, 2017 7:40:19 GMT -8
|
|
bud777
fire starter
Posts: 1,353
|
Post by bud777 on Sept 22, 2017 7:46:52 GMT -8
This drop does not feel like filling the gap or adjustments made on fundamentals. In the face of exuberant upward revisions from respected analysts, we have seen a drop of what? almost 15 points? This feels like capitulation from the flood of traders who wanted to get a piece of the repatriated overseas money.
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
|
Post by chinacat on Sept 22, 2017 10:23:20 GMT -8
|
|
|
Post by archibaldtuttle on Sept 22, 2017 11:53:42 GMT -8
Expect doldrums until the X is in hands... or even beyond that, until January report where guidance for March quarter should blow out expectations (because of pent-up x demand)
|
|
|
Post by archibaldtuttle on Sept 22, 2017 12:00:31 GMT -8
Here's a weekly chart for the last 5 years. While AAPL is in an uptrend there were regular periods of selloff where the stock would reach down to test the middle of the weekly bollinger bands. That's where we're at now. If that pattern continues, we would stay down here for anywhere between 3-12 weeks before heading up again. If this the start of a prolonged downtrend (a la mid-2015, all bets are off)
|
|
4aapl
Moderator
Posts: 3,655
|
Post by 4aapl on Sept 22, 2017 12:48:57 GMT -8
Most of the time the 14 day RSI doesn't make it down to ~30 for long. That doesn't mean the stock price will spring back up, but it might limit the downside, especially if there is a spike lower to knock out that 149-150 level you guys note.
With your weekly chart (also using 14, so a 5 times larger dataset since it's weekly instead of daily), the RSI isn't even at 50. With Nigiri's predictions, he was using a 9 day RSI, so it looked even worse (sub-30).
Sometimes things are crumby on Friday, but when people think about things over the weekend, Monday recovers a bit. But that all depends on how sales and sentiment are. Personally, like others, I'm not that worried about the wifi/cell problem with the watch, other than from a PR issue. Our Wifi sometimes has issues, and so our old iPhones start having issues instead of automagically using cell data instead....and we have to turn off wifi to get it working. I guess I got used to that being a normal thing, but it seems like it could be optimized, being aggressive with switching over for most things, while maybe a little more conservative with large data items like video streams and downloads.
I'm sure Apple already has some smart people working on it. But PR wise, it's not done until Apple fixes it. While it should be an easy fix, just saying that now doesn't really help too much. They will likely sell as many watches as they can make right now, but the part about minimizing the PR problem on this is for those buyers considering it 3-6 months from now, when Apple might not sell every unit they build.
That iPhone processor data is amazing. The A11 based iPhones have a score 31x that of our old iPhone 5S's. And faster than an i5 MacBook! Time to port OS X to it, and just run off an external screen and monitor. Even if that top speed could only be done briefly, reducing it to 25% would still give you a full computer in your pocket.
As a final note, for longevity of Apple products, one of the kids iMacs bit the dust. It was a Core 2 Duo 20" from mid 2006, and it looks like a few things on the backside of the power supply fried. It had a good life, being my system, then my parents, then the in laws, and then our kids. But it turns out the spare I had is a Core Duo, with a max OS of 10.6.8 instead of 10.7.5. OTOH, they use the same power supply module, so I might just operate and bring it back to life. It's amazing that an 11 year old system can still be doing so well. It can't run everything anymore, but if fits the very limited web usage needs of my 3 elementary school children. (Turned out the 17" iMac with bad internal video also had the same power supply, so ended up using it as the donor and now have two working 20" iMacs)
After a few kids soccer games on Saturday, I'll be listening to Woz present at SNC college. And then it's time for some strategizing, possibly starting a big move on Monday from stock to slightly more risky ITM leap spreads in the ROTH. I've talked about doing that for years now during these big moves....maybe now is the time. (thing to remember is that ITM on the short side can be called away for the dividend, so ATM or bull put spreads may be choices, or european style calls (can't be taken early))
Have a great weekend everyone!
|
|
|
Post by archibaldtuttle on Sept 22, 2017 12:59:23 GMT -8
During an uptrend you'll notice the weekly RSI almost never got below 50. Right now we're at 54.
Assuming we're going to continue the uptrend the bottom should be around here somewhere... but we'll probably stay around here for another few weeks.
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Sept 22, 2017 13:18:37 GMT -8
|
|
4aapl
Moderator
Posts: 3,655
|
Post by 4aapl on Sept 22, 2017 20:25:54 GMT -8
During an uptrend you'll notice the weekly RSI almost never got below 50. Right now we're at 54. Assuming we're going to continue the uptrend the bottom should be around here somewhere... but we'll probably stay around here for another few weeks. I do like that RSI on your weekly chart (so a 5 times larger dataset). I agree, it looks like it would be a good thing to stay about 50 for the uptrend in AAPL to continue.
|
|