Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 10, 2018 3:50:55 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 10, 2018 6:18:19 GMT -8
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Post by incorrigible on Oct 10, 2018 6:26:47 GMT -8
How about another $3 day? You got it. Just not the direction you wanted
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Post by sponge on Oct 10, 2018 8:36:16 GMT -8
Well hitting my 50MA target is getting easier since it keeps moving up. I think we will hit it Friday.
Signs still point to a drop post ER. It will be steep but for short duration with new ATH in Jan.
I am not convinced Apple will sell more iPhones then last year. But they are doing well with services and other products which will make up for some of the iPhone sales.
I think looking forward we will set up for the mother of all upgrade cycle in 2020 when they come out with the redisogned 5G iPhone.
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4aapl
Moderator
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Post by 4aapl on Oct 10, 2018 10:40:40 GMT -8
While trying not to start my own conspiracy theory, I've wondered for a while about the impact of potentially buying cheap hardware, such as a security camera. To me, someone offering a camera system (or really anything) for say 33-50% off of others would be the easiest and quickest way to get a vulnerability into a swath of consumers, which may open holes to other areas. But that's the worry with a no-name company, who may just be trying to sell it's first 1,000 units at a low price to get their foot in the door, or pay for initial capital outlay, or whatnot. Recently at Interbike, I had foreign vendors trying to sell their motorized scooters for a 1/3rd of retail, which they said was their manufacturing cost. This was on the last day, and they'd rather sell for cheap than ship them back. OTOH, it could also been production vs prototype, whereas a CA based rack maker was specifically not selling it's non-production models, noting the liability if it broke. I think different places have different priorities. But put together 3 recent articles. The potential server motherboard hacking, which while potentially incorrect, does have people admitting there have been firmware or driver hacks in the past, and brings up other things (factual or not) of ethernet cards being hardware hacked. Then we have a story about small time sellers on Amazon, reminding how easy it is to get access to the masses, potentially under guise if even just for a short period. And then Egadget's article on iPhone chop shop, where they would take out original components and put in fakes, which presumably worked well enough at first when the returned iPhones needed to "work". To me, it seems like the easier way to attack is for a company to buy up something, modify it just a little, and resell it. They could call it new. They could call it remanufactured. Their name could look like the real company. Or they could claim they refurb stuff. How long could they sell before they are found out? This is more likely to get some consumers or small companies/startups, as the big corps with their direct connections and purchase orders wouldn't see this low end attack. But with VPNs and BYOD, it could make it there. But maybe my mind is wandering too much, while AAPL is down $6 ($220.50 RSI 47.39) and I'm supposed to be reviewing taxes. Potential conspiracy plots are more fun.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 10, 2018 11:33:03 GMT -8
Microsoft is Apple nowI really cannot believe that Microsoft has decided to base its entire hardware strategy on Surface; obviously they have have been pleased with its initial reception, for some unknown reason. For those of you in a hurry, here is the closing summary of the article: "When it comes to computer design, Microsoft seems to have taken Apple’s crown, at least for the time being." Excuse me while I go find a corner in which to laugh myself silly.
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4aapl
Moderator
Posts: 3,631
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Post by 4aapl on Oct 10, 2018 12:36:42 GMT -8
WOW!
On the plus side, in general this sinking tide affected other companies as much or more than AAPL.
And it knocked AAPL down decently below that 50 dma and to an RSI plenty low, so those aren't waiting in the shadows anymore.
Offhand I would expect another 1-2 days of downward pressure, assuming things change in the short term, as a push this hard often does. I'm not attempting to play it, but I'm sure some are or will. Congrats for those that were ready, with puts or otherwise.
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4aapl
Moderator
Posts: 3,631
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Post by 4aapl on Oct 10, 2018 17:01:47 GMT -8
Here I thought others would be drowning their sorrows, or at least justifying them. In jotting down today's numbers, I see that back on 9-21, only 2.5 weeks ago, AAPL closed at 217.66. That was a huge volume day, closing into the weekend when something was being rebalanced. Still, AAPL was roughly at this point something like 12 trading days ago. That puts it all in perspective, to me. Still, I'm having a dram of Irish Whiskey....or two. Cheers! To the longs!
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Oct 10, 2018 17:01:53 GMT -8
Yeah... WOW! 214 in the aftermarket What’s driving the sell Off? Interest rates? Bit of an over reaction if interest rates.
Will we hold 1T in the next few days.....
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4aapl
Moderator
Posts: 3,631
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Post by 4aapl on Oct 10, 2018 19:22:53 GMT -8
Yeah... WOW! 214 in the aftermarket What’s driving the sell Off? Interest rates? Bit of an over reaction if interest rates. Will we hold 1T in the next few days..... I really expected AAPL to behave how AMZN did when it hit 1T, and so have been surprised by how well it has done. But I have a theory. With the last 2 big crashes, both fairly sizable and both in the last 2 decades, I don't think we're going to get a frothy top before the next big downturn (and that it will be more of a big downturn instead of as dramatic of a crash). It's the whole recent-memory thing, and attempting to avoid it, so people will be more apt to second guess to the slightly conservative side. That would help explain both this and January's fairly quick and sizable pullback, of people being jumpy to try to avoid an even worse downturn. Personally I don't think this is it, yet. But I expect it in 6-36 months. Maybe that is right, or maybe it is wrong. Either way, it's likely that the market is much closer to the end of a long bull market than the start of it. Exact timing is unlikely to be right, though many people will guess at it. And if they happen to be right, that could be their claim to fame in the future, and so the guesses will keep happening. But unless we do get a frothy top with euphoria all over the place, it's likely that there will be these overreactions. At least that's how I am processing it.
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