Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Aug 27, 2015 2:22:25 GMT -8
Good morning everyone. World markets are soaring and Wall Street is ready to rally. Nice of you guys to get things back on track in my absence. AAPL is GREEN in premarket trading at 112.39 +2.70 (2.46%). Is 120+ to much to ask? Not much in the news this morning. Seems the FUDsters are preoccupied with other things. Have a great day. Let's make money.
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Aug 27, 2015 2:26:48 GMT -8
|
|
|
Post by rickag on Aug 27, 2015 3:53:37 GMT -8
Since84 Glad you're back.
|
|
|
Post by Lstream on Aug 27, 2015 5:23:59 GMT -8
Another day, another brain cramp from Apple Music. It no longer lets me stream any new content at all, and sends me into a screen asking me to sign up and pay. Two months into my three month free trial. However, it still lets me listen to music that I have not bought that I added during the trial. So one part of the app thinks I subscribe, and another part doesn't. What a mess.
EDIT - this was on my Phone. Everything worked on the iPad. So I rebooted the Phone, and now this problem is gone.
|
|
|
Post by Red Shirted Ensign on Aug 27, 2015 6:09:04 GMT -8
|
|
|
Post by aaplcrazie on Aug 27, 2015 6:20:28 GMT -8
Bloody Brilliant! Thanks Red, Thanks London Underground.
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Aug 27, 2015 7:10:24 GMT -8
|
|
Ted
fire starter
Posts: 882
|
Post by Ted on Aug 27, 2015 7:45:59 GMT -8
Foxconn is a security mess! appleinsider.com/articles/15/08/27/china-sentences-14-people-in-plot-to-convert-us-iphones-for-chinese-networks"A court in the Chinese city of Zhengzhou has reportedly sentenced 14 people for hacking into a Foxconn database to steal digital identity certificates, in turn used to convert U.S. iPhones for Chinese networks….
Foxconn has regularly had trouble with porous security in relation to Apple products. Workers have leaked both parts and specifications, the latter of which can be particularly valuable for Chinese accessory makers looking to get a jump on the competition. A number of people have been arrested and/or convicted in recent years."
|
|
|
Post by Lstream on Aug 27, 2015 7:52:28 GMT -8
Have a quick read of this Guardian article on stupid CEO speak from the Swatch CEO. I wonder if he thinks anyone believes his twisted version of reality.
|
|
|
Post by Red Shirted Ensign on Aug 27, 2015 7:59:42 GMT -8
Have a quick read of this Guardian article on stupid CEO speak from the Swatch CEO. I wonder if he thinks anyone believes his twisted version of reality. His smartwatch is going to last how long on a battery charge? And do exactly what on that charge? "those automobile things are interesting toys, jacobs, but I've invented a longer buggy whip and now you don't have to flick your wrist as hard to get the horse to move."
|
|
|
Post by Lstream on Aug 27, 2015 8:04:39 GMT -8
I would rather charge my watch every night, than be forced to go to a jeweller every 9 months to swap my battery. And the "exactly what" question is bang on.
|
|
|
Post by sponge on Aug 27, 2015 8:33:58 GMT -8
Sept 9 should be more exciting then usual for an iPhone intro. We are so low that we may not get the usual 4% drop in stock post event.
I am still betting will announce 13 million iPhones in first weekend of sales. Then the stock should start to make its way back up over 200 MA.
|
|
|
Post by firestorm on Aug 27, 2015 8:43:09 GMT -8
The US economy grew at a rate of 3.7% in the second quarter, which is pretty terrific: goo.gl/C3c3k4
|
|
|
Post by BillH on Aug 27, 2015 8:57:32 GMT -8
I'm starting to grow a bit of a tin foil hat I think. Our little mini crash being so close to a nicely revised GDP number, lower than expected unemployment claims and a big spike in consumer confidence has me going mmmmm.
|
|
|
Post by rickag on Aug 27, 2015 9:05:55 GMT -8
With the P/E breaking 13 we are in nose bleed territory /s
|
|
4aapl
Moderator
Posts: 3,650
|
Post by 4aapl on Aug 27, 2015 9:22:10 GMT -8
With the P/E breaking 13 we are in nose bleed territory /s RSI is almost back up to 50 (One of the few technicals I follow, with around 30 (for AAPL) reminding that things have gone down for a while (i.e. it's not just me) and it's likely a great time to buy), and that 50 DMA is still 7 cents ahead of the 200 (according to stockcharts.com, which could vary depending on how your preferred source treats the dividend). It's going to take a little while to make it back to 125+, and I'd prefer to see AAPL outperforming the market, but with the 9th not too far away there will be a possible catalyst.
|
|
|
Post by rickag on Aug 27, 2015 9:45:39 GMT -8
With the P/E breaking 13 we are in nose bleed territory /s RSI is almost back up to 50 (One of the few technicals I follow, with around 30 (for AAPL) reminding that things have gone down for a while (i.e. it's not just me) and it's likely a great time to buy), and that 50 DMA is still 7 cents ahead of the 200 (according to stockcharts.com, which could vary depending on how your preferred source treats the dividend). It's going to take a little while to make it back to 125+, and I'd prefer to see AAPL outperforming the market, but with the 9th not too far away there will be a possible catalyst. What parameters do you use for RSI?
|
|
|
Post by nagrani on Aug 27, 2015 10:03:44 GMT -8
There is no reason to be trading so low. See you guys at 125
|
|
mark
fire starter
Posts: 1,555
|
Post by mark on Aug 27, 2015 10:08:08 GMT -8
There is no reason to be trading so low. See you guys at 125 It all depends on so much other sh*t going on around the world right now. If it were Apple in a vacuum, I'd completely agree and perhaps even say 135+.
|
|
4aapl
Moderator
Posts: 3,650
|
Post by 4aapl on Aug 27, 2015 11:04:39 GMT -8
RSI is almost back up to 50 (One of the few technicals I follow, with around 30 (for AAPL) reminding that things have gone down for a while (i.e. it's not just me) and it's likely a great time to buy), and that 50 DMA is still 7 cents ahead of the 200 (according to stockcharts.com, which could vary depending on how your preferred source treats the dividend). It's going to take a little while to make it back to 125+, and I'd prefer to see AAPL outperforming the market, but with the 9th not too far away there will be a possible catalyst. What parameters do you use for RSI? I use the default 14 day RSI. I just stick with the simple stuff, since I'm not trading in and out on a daily or weekly basis. Basically for me RSI is just something to see, and confirm that the stock really has been battered down for a bit. It doesn't normally stay under 35 for long, though that doesn't mean it's about to make a big turn up. stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=2&dy=0&id=p97638765797But something else should work as well, even something like just waiting for a 10% drop to buy some, and go crazy buying at a 18%+ drop. It won't guarantee success, and likewise it might not happen for a while. But that condition might be a time to go a little more bullish, or touch margin a little bit, or at least realize that there's a good reason why your position feels a little battered at the moment. Personally, I don't care much about reading the charts, but it helped once I figured out that the reason they sometimes work is the psychology behind it all. Just as "Extraordinary Popular Delusions and Madness of Crowds" can point out what a real bubble (tech bubble, or real estate) looks like, even 160 years after being published, so can charts help show how the market might likely behave. It's not an exact science, since pesky little things like earnings, product announcements, and outside market events can get in there. But I can see how it can give a user a leg up in many circumstances, as long as they are patient and wait for a good fit instead of trying to push a fit on everything. But I'm mostly just a long term investor who's had some good times, along with some bad times, with AAPL stock and options over the past nearly 2 decades. That said, now looks like a good time to take a little extra risk.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,186
|
Post by JDSoCal on Aug 27, 2015 11:55:26 GMT -8
I'm starting to grow a bit of a tin foil hat I think. Our little mini crash being so close to a nicely revised GDP number, lower than expected unemployment claims and a big spike in consumer confidence has me going mmmmm. Never attribute to malice that which is adequately explained by stupidity. And 3.7% GDP growth is hardly "terrific." It's decent, after years of mediocrity. Lawdy, Reagan *averaged* 3.7% in his second term, and 7.2% for all of 1984 after inheriting Jimmuh Carter's disaster. And he fixed the economy in 18 months, not 7 years. The bar is set so low these days, mediocre is apparently the new terrific. Plus, still not sure if this GDP # is good news for investors, what with the Yellen of Oz wanting to justify her existence with some hawkery...just good enough to justify a rate hike, not good enough for organic market growth.... And yes, AMZN is up over 3% on the Fire's fail announcement. Imagine the response if Apple had announced they laid off its watch team!
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Aug 27, 2015 12:00:43 GMT -8
Good solid close
|
|
|
Post by Red Shirted Ensign on Aug 27, 2015 12:05:55 GMT -8
Really interesting last hour again...this time the sell off of Tuesday started, but bargains were swooped upon, including AAPL. Now the daily traders have to wonder a bit more before booking those profits at 3:00 EDT.
Come on September 9th. Let's get some great new stuff a working.
|
|
|
Post by rickag on Aug 27, 2015 12:45:00 GMT -8
What parameters do you use for RSI? I use the default 14 day RSI. I just stick with the simple stuff, since I'm not trading in and out on a daily or weekly basis. Basically for me RSI is just something to see, and confirm that the stock really has been battered down for a bit. It doesn't normally stay under 35 for long, though that doesn't mean it's about to make a big turn up. stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=2&dy=0&id=p97638765797But something else should work as well, even something like just waiting for a 10% drop to buy some, and go crazy buying at a 18%+ drop. It won't guarantee success, and likewise it might not happen for a while. But that condition might be a time to go a little more bullish, or touch margin a little bit, or at least realize that there's a good reason why your position feels a little battered at the moment. Personally, I don't care much about reading the charts, but it helped once I figured out that the reason they sometimes work is the psychology behind it all. Just as "Extraordinary Popular Delusions and Madness of Crowds" can point out what a real bubble (tech bubble, or real estate) looks like, even 160 years after being published, so can charts help show how the market might likely behave. It's not an exact science, since pesky little things like earnings, product announcements, and outside market events can get in there. But I can see how it can give a user a leg up in many circumstances, as long as they are patient and wait for a good fit instead of trying to push a fit on everything. But I'm mostly just a long term investor who's had some good times, along with some bad times, with AAPL stock and options over the past nearly 2 decades. That said, now looks like a good time to take a little extra risk. Thank you for the detailed respnse, much appreciated.
|
|
Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
|
Post by Mav on Aug 27, 2015 13:04:48 GMT -8
I CANNOT WAIT to have my new 128GB iPhone 6S up and running about a month from now.
|
|
|
Post by BillH on Aug 27, 2015 13:11:03 GMT -8
I'm starting to grow a bit of a tin foil hat I think. Our little mini crash being so close to a nicely revised GDP number, lower than expected unemployment claims and a big spike in consumer confidence has me going mmmmm. Never attribute to malice that which is adequately explained by stupidity. And 3.7% GDP growth is hardly "terrific." It's decent, after years of mediocrity. Lawdy, Reagan *averaged* 3.7% in his second term, and 7.2% for all of 1984 after inheriting Jimmuh Carter's disaster. And he fixed the economy in 18 months, not 7 years. The bar is set so low these days, mediocre is apparently the new terrific. Plus, still not sure if this GDP # is good news for investors, what with the Yellen of Oz wanting to justify her existence with some hawkery...just good enough to justify a rate hike, not good enough for organic market growth.... And yes, AMZN is up over 3% on the Fire's fail announcement. Imagine the response if Apple had announced they laid off its watch team! Okay, good data. Now about that flash crash...,
|
|
|
Post by firestorm on Aug 27, 2015 15:43:46 GMT -8
I'm starting to grow a bit of a tin foil hat I think. Our little mini crash being so close to a nicely revised GDP number, lower than expected unemployment claims and a big spike in consumer confidence has me going mmmmm. Never attribute to malice that which is adequately explained by stupidity. And 3.7% GDP growth is hardly "terrific." It's decent, after years of mediocrity. Lawdy, Reagan *averaged* 3.7% in his second term, and 7.2% for all of 1984 after inheriting Jimmuh Carter's disaster. And he fixed the economy in 18 months, not 7 years. The bar is set so low these days, mediocre is apparently the new terrific. Plus, still not sure if this GDP # is good news for investors, what with the Yellen of Oz wanting to justify her existence with some hawkery...just good enough to justify a rate hike, not good enough for organic market growth.... And yes, AMZN is up over 3% on the Fire's fail announcement. Imagine the response if Apple had announced they laid off its watch team! It is all right to interpret history in a partisan way, but recall that Jimmy Carter hired Paul Voelker to make the tough decisions that laid the groundwork for a better economy under Reagan, and that the recession that Voelker used to get inflation under control ended up handing Reagan the election (along with the Iran hostage crisis, for which I hold Carter completely responsible). The resultant growth that Voelker initiated would have happened under either Carter or Reagan. Also recall that Obama was handed a terrible economy with negative growth by Bush, which we have been clawing out of ever since. Given that, 3.7% is pretty terrific growth, as is the dramatic stock market rise during Obama's watch.
|
|
|
Post by macster on Aug 27, 2015 16:23:16 GMT -8
Never attribute to malice that which is adequately explained by stupidity. And 3.7% GDP growth is hardly "terrific." It's decent, after years of mediocrity. Lawdy, Reagan *averaged* 3.7% in his second term, and 7.2% for all of 1984 after inheriting Jimmuh Carter's disaster. And he fixed the economy in 18 months, not 7 years. The bar is set so low these days, mediocre is apparently the new terrific. Plus, still not sure if this GDP # is good news for investors, what with the Yellen of Oz wanting to justify her existence with some hawkery...just good enough to justify a rate hike, not good enough for organic market growth.... And yes, AMZN is up over 3% on the Fire's fail announcement. Imagine the response if Apple had announced they laid off its watch team! It is all right to interpret history in a partisan way, but recall that Jimmy Carter hired Paul Voelker to make the tough decisions that laid the groundwork for a better economy under Reagan, and that the recession that Voelker used to get inflation under control ended up handing Reagan the election (along with the Iran hostage crisis, for which I hold Carter completely responsible). The resultant growth that Voelker initiated would have happened under either Carter or Reagan. Also recall that Obama was handed a terrible economy with negative growth by Bush, which we have been clawing out of ever since. Given that, 3.7% is pretty terrific growth, as is the dramatic stock market rise during Obama's watch. Two perspectives from liberal slanted news organizations www.pbs.org/wgbh/americanexperience/features/general-article/reagan-recession/www.nytimes.com/2012/09/30/sunday-review/obamanomics-a-counterhistory.html?hp&_r=0
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,186
|
Post by JDSoCal on Aug 27, 2015 20:15:00 GMT -8
Never attribute to malice that which is adequately explained by stupidity. And 3.7% GDP growth is hardly "terrific." It's decent, after years of mediocrity. Lawdy, Reagan *averaged* 3.7% in his second term, and 7.2% for all of 1984 after inheriting Jimmuh Carter's disaster. And he fixed the economy in 18 months, not 7 years. The bar is set so low these days, mediocre is apparently the new terrific. Plus, still not sure if this GDP # is good news for investors, what with the Yellen of Oz wanting to justify her existence with some hawkery...just good enough to justify a rate hike, not good enough for organic market growth.... And yes, AMZN is up over 3% on the Fire's fail announcement. Imagine the response if Apple had announced they laid off its watch team! It is all right to interpret history in a partisan way, but recall that Jimmy Carter hired Paul Voelker to make the tough decisions that laid the groundwork for a better economy under Reagan, and that the recession that Voelker used to get inflation under control ended up handing Reagan the election (along with the Iran hostage crisis, for which I hold Carter completely responsible). The resultant growth that Voelker initiated would have happened under either Carter or Reagan. Also recall that Obama was handed a terrible economy with negative growth by Bush, which we have been clawing out of ever since. Given that, 3.7% is pretty terrific growth, as is the dramatic stock market rise during Obama's watch. LOL, so when things go great under a Republican president who inherits a bad economy, the Fed Chair gets the credit. But when the economy goes south (due to housing and credit crash Bush had zero to do with) under a Republican president, he of course gets the blame - even 7 years after he's left office. But if the economy suddenly ticks up to the Reagan era average, it's, "terrific Job, Obama!" Sounds fair. Thanks for injecting an objective, non-partisan take on things.
|
|
|
Post by archibaldtuttle on Aug 27, 2015 20:25:38 GMT -8
|
|