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Post by phoebear611 on Dec 11, 2012 12:35:50 GMT -8
Harry Reid says hard to do deal before Xmas... causing the pullback. Congress and the POTUS better stay in DC! That's unacceptable, Harry. If you were in private business, you'd be fired for saying that. Get off your collective butts and get this done.. NOW. Is it ok to say that I don't dislike politicians but I LOATHE them...am REPULSED by them. Every one of them. They should all be fired - the bull crap that is going on in Washington is a disgrace. Cut the frigging deal already! Ridiculous.
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Mav
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Post by Mav on Dec 11, 2012 12:36:37 GMT -8
AAPL still hangin' in there, considering.
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Post by appledoc on Dec 11, 2012 12:47:32 GMT -8
AAPL still hangin' in there, considering. Quickly recovering yesterday's HOD was good assuming it stays that way. We had the 50% retrace of yesterday's LOD to today's HOD, 50% retrace of 526.60 to today's HOD, and yesterday's HOD all sitting at 538.xx.
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Post by highway2heel on Dec 11, 2012 12:48:55 GMT -8
That's unacceptable, Harry. If you were in private business, you'd be fired for saying that. Get off your collective butts and get this done.. NOW. Is it ok to say that I don't dislike politicians but I LOATHE them...am REPULSED by them. Every one of them. They should all be fired - the bull crap that is going on in Washington is a disgrace. Cut the frigging deal already! Ridiculous. Exalted. Question: What's black and brown and looks good on a politician? Answer: A doberman.
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Post by Deleted on Dec 11, 2012 12:56:20 GMT -8
AAPL still hangin' in there, considering. Quickly recovering yesterday's HOD was good assuming it stays that way. We had the 50% retrace of yesterday's LOD to today's HOD, 50% retrace of 526.60 to today's HOD, and yesterday's HOD all sitting at 538.xx. All these Fibonacci percentages I keep seeing around here must be some sort of self fulfilling TA. They seem like absolutely meaningless numbers, but if enough people & black boxes are using them as buy/sell signals then obviously they are going to swing the stock price around. It seems like just another reason why the stock has become detached from the underlying company.
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Post by appledoc on Dec 11, 2012 13:02:59 GMT -8
Quickly recovering yesterday's HOD was good assuming it stays that way. We had the 50% retrace of yesterday's LOD to today's HOD, 50% retrace of 526.60 to today's HOD, and yesterday's HOD all sitting at 538.xx. All these Fibonacci percentages I keep seeing around here must be some sort of self fulfilling TA. They seem like absolutely meaningless numbers, but if enough people & black boxes are using them as buy/sell signals then obviously they are going to swing the stock price around. It seems like just another reason why the stock has become detached from the underlying company. But Fib level does not indicate direction. It just says it's an important point to look at. If you are trading, you should be ready to go either direction when the level approaches. I think I picked good spots to pretend trade today. If I had far more capital I think it would be worth it to day trade commons. I'm so tempted to mess with weeklies again, but I just can't get myself to do it unless I see a golden opportunity. Solid breach of 538 would have been one.
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benoir
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Post by benoir on Dec 11, 2012 13:08:52 GMT -8
precursory language warning... whoever wrote that article is a clueless dick..... in Australia we suffer somewhat from tall poppy syndrome but that tops it. Why the f#ck would you shoot yourself in the foot? It hurts when you do that. Apple should snub CNBC as for as far as I can see they add little to the US economy as all they do is continually shoot it in the foot. Apple is like a heathy green shoot on an otherwise stressed and withering tree and CNCB is doing its best to yank it off. Dickheads!!!! The US needs, (amongst other things) strong robust companies to drive it's economy. And Apple is part of that, as is Google(if they play nice), Amazon(if they start making some money), Microsoft (if they can just do something right), Dell(perhaps if they give back the money back to shareholders), HP (perhaps if they spend their money wisely), and on, and on, and on... ahhhh... that's better
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Post by Deleted on Dec 11, 2012 13:22:16 GMT -8
This could be a signal that the Surface has flopped so bad that Microsoft are going to plan B - dominate the iOS platform for office software.
I think this is good for BOTH Apple & Microsoft.
From Macrumors:
AllThingsD is reporting that contrary to earlier reports that Apple and Microsoft were arguing over a 30% cut of storage upgrade sales through Microsoft's SkyDrive cloud storage utility, instead the companies are negotiating over revenue Microsoft would bring in as part of its Office 365 subscription service. Office has long been a cash cow for Microsoft and extending the platform to iOS will undoubtedly fatten it further. It will also bring significant benefits to Apple’s mobile platform, ones for which Microsoft feels it is owed a discount on that 30 percent cut that Apple would otherwise command on Office 365 subscriptions sold to iOS users through it. The apps are just part of a subscription that includes desktop access.
So the company has been pushing Apple to adjust the 70/30 revenue split in its developer license agreement. Predictably, Apple has refused to comply. It’s not yet clear what sort of concession Microsoft is seeking, but whatever it is, Apple’s evidently not willing to consider it. Indeed, I’m told it’s taken a “the rules are the rules†stance, which would suggest it’s not at all willing to negotiate a different split. Apple’s position: If a customer comes through its gateway, it feels it is deserved the commission outlined in 11.12 of its developer license. Apple, for its part, says that App Store rules are fair and are applied equally to all developers, big and small.
Office for iOS has been rumored several times over the past year, but now seems closer to fruition than ever -- if Apple and Microsoft can come to some agreement. Yesterday, Microsoft leaked references to 'Office Mobile for iPhone', 'Excel for iPad', and 'PowerPoint for iPad'.
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Post by Deleted on Dec 11, 2012 13:24:58 GMT -8
All these Fibonacci percentages I keep seeing around here must be some sort of self fulfilling TA. They seem like absolutely meaningless numbers, but if enough people & black boxes are using them as buy/sell signals then obviously they are going to swing the stock price around. It seems like just another reason why the stock has become detached from the underlying company. But Fib level does not indicate direction. It just says it's an important point to look at. If you are trading, you should be ready to go either direction when the level approaches. I think I picked good spots to pretend trade today. If I had far more capital I think it would be worth it to day trade commons. I'm so tempted to mess with weeklies again, but I just can't get myself to do it unless I see a golden opportunity. Solid breach of 538 would have been one. That's a good point. Bit even if they aren't signals to buy or sell, if the numbers are pierced or are bounced off of, then that accelerates the direction it is heading, yes?
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Post by Deleted on Dec 11, 2012 13:30:39 GMT -8
WTF!!! This is bizarre! Florian mueller tweeted this shocking development: @fosspatents: Qualcomm attacks Apple in ITC filing, calls it a patent infringer who should be embarrassed t.co/RYgUZNxk supports Samsung on #frand
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Mav
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Post by Mav on Dec 11, 2012 13:31:21 GMT -8
Not a bad close. The longer AAPL hangs tough, the less bleak the picture IMHO. 527-530 or so is still support until proven otherwise.
Anything can happen but for now, double bottom still can't be ruled out.
On the sidelines right now. Still no resolution to me.
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Post by artman1033 on Dec 11, 2012 13:31:45 GMT -8
The fiscal cliff is not a problem for ME.
At this point in my life, I only care about my Grandkids.
It is the 16 trillion, which will be $20 TRILLION in 3 years when the interest rate will be what? 5%?
I think falling off the fiscal cliff is the best thing to happen for everyone in the world.
I will post my explanation about this subject in the dungeon.
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Post by Tetrachloride on Dec 11, 2012 13:37:29 GMT -8
Office for iOS. Hmm. Certainly office or other productivity software on iPads can't be ignored. The trainwreck for MSFT is greater than the Apple benefit for now.
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Post by terps530 on Dec 11, 2012 13:40:21 GMT -8
just talked to my buddy whos a few years in as a trader for a hedgefund. I was asking about the cliff and how he's playing it. He said they are still bullish going into year end. In terms of the cliff, he thinks 10% chance of a great end-all resolution, 10% chance of going over the cliff, and 80% chance we just kick the can with some temporary crap fixes. They are betting though as it won't hurt the market. Of course that is just their opinion but I guess other perspectives always can help.
In other news, I think today was a good day. My WAG as they say it, for tomorrow, is a 5pt gap up in the AM, pull back a bit, then go after the 550's.
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Post by lovemyipad on Dec 11, 2012 13:41:50 GMT -8
Here is the post by that StockTwit guy claiming iTV is coming -- where is this info coming from? One of my trading buds in Avi's group (professional money manager) had the same info come in from his trading desk... Phoebes, I think the StockTwits guy is legit...
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Post by lovemyipad on Dec 11, 2012 13:53:47 GMT -8
All these Fibonacci percentages I keep seeing around here must be some sort of self fulfilling TA. They seem like absolutely meaningless numbers, but if enough people & black boxes are using them as buy/sell signals then obviously they are going to swing the stock price around. It seems like just another reason why the stock has become detached from the underlying company. Take the time to understand what they are, what they mean, why they are meaningful...and you might change your mind. Fibs are a way of measuring the commitment and follow-through of buyers and sellers. If bulls claim 50 points, how much of that (%) do they give up? At what point do new buyers enter? For every 3 steps forward, are we giving up 1? 2? 5? 7? Find some sports analogy.
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Post by po1nt on Dec 11, 2012 14:03:28 GMT -8
All these Fibonacci percentages I keep seeing around here must be some sort of self fulfilling TA. They seem like absolutely meaningless numbers, but if enough people & black boxes are using them as buy/sell signals then obviously they are going to swing the stock price around. It seems like just another reason why the stock has become detached from the underlying company. But Fib level does not indicate direction. It just says it's an important point to look at. If you are trading, you should be ready to go either direction when the level approaches. I think I picked good spots to pretend trade today. If I had far more capital I think it would be worth it to day trade commons. I'm so tempted to mess with weeklies again, but I just can't get myself to do it unless I see a golden opportunity. Solid breach of 538 would have been one. A while back, I had an investor friend give a pretty good analogy about the swings and behaviors of the market. He described it as this. " Imagine a crazy man that is locked room with nothing but a loaded gun.... You cant do anything about the situation, but you can bet either way."
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Post by lovemyipad on Dec 11, 2012 14:07:14 GMT -8
A while back, I had an investor friend give a pretty good analogy about the swings and behaviors of the market. He described it as this. " Imagine a crazy man that is locked room with nothing but a loaded gun.... You cant do anything about the situation, but you can bet either way." LOL! And that's why IMHO regular dollar-cost averaging remains the best way to *invest*. You'll get some high, some low... It all evens out in the end. If you have no interest in market timing, don't bother trying -- you'll do better than most who time badly. But if you do have an interest in market timing (and learning to do it well), well then, come sit next to me....
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Post by qualitywte on Dec 11, 2012 14:16:08 GMT -8
Something missing from this pie? (Clue: Mr. Softie)
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Post by pauls on Dec 11, 2012 14:41:14 GMT -8
WTF!!! This is bizarre! Florian mueller tweeted this shocking development: @fosspatents: Qualcomm attacks Apple in ITC filing, calls it a patent infringer who should be embarrassed t.co/RYgUZNxk supports Samsung on #frand WTF indeed. This does not bode well.
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Post by artman1033 on Dec 11, 2012 15:10:10 GMT -8
WTF!!! This is bizarre! Florian mueller tweeted this shocking development: @fosspatents: Qualcomm attacks Apple in ITC filing, calls it a patent infringer who should be embarrassed t.co/RYgUZNxk supports Samsung on #frand WTF indeed. This does not bode well. Florian tweeted his post at 1:21 Central time. The tweet was retweeted by 8 folks. AAPL was about $546.50. The price fell from there.
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Post by Apple II+ on Dec 11, 2012 16:10:12 GMT -8
WTF!!! This is bizarre! Florian mueller tweeted this shocking development: @fosspatents: Qualcomm attacks Apple in ITC filing, calls it a patent infringer who should be embarrassed t.co/RYgUZNxk supports Samsung on #frand Mueller's article presents a Qualcomm so desperate to protect it's profits on SEPs that it risks losing Apple as a customer. Mueller estimates that "if it weren't for the leverage it gains from its standard-essential patents, Qualcomm wouldn't even be 10% as profitable as it is." He goes on to say "Everyone knows that if the Federal Circuit essentially upholds Judge Posner's ruling, it will be next to impossible for anyone to win an injunction in the United States over an SEP. And the Federal Trade Commission and the United States Department of Justice have taken positions in letters to the ITC and the FTC also filed an amicus curiae brief with the Federal Circuit fundamentally in support of Judge Posner. Qualcomm doesn't like any of this, and it's apparently chosen to go on the attack against one of its largest customers, Apple, because it presumably fears that a Posner-like FRAND regime would cost Qualcomm more money than losing Apple as a customer." Sounds to me like they want to rest on their laurels.
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Post by alice on Dec 11, 2012 16:26:05 GMT -8
Anyone planning to sell to take long term gains? One need to sell by last trading day of December - correct?
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Mav
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Post by Mav on Dec 11, 2012 16:26:20 GMT -8
Yawn.
AAPL still outperformed.
The patent war goes on with Qualcomm as _interested_, not a combatant (yet). Don't think for a second Apple isn't noticing this, or didn't dot the I's, etc., with its suddenly-spicier relationship with Qualcomm.
Qualcomm wants money, but being so hostile to Apple...eh...
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Post by fariba on Dec 11, 2012 16:42:36 GMT -8
as tim cook said, one wears many hats...competition, customer, provider, collaborator...you have to be able to work with corporations against whom you compete, from whom you buy, with whom who collaborate...you compartmentalize all these separately. in fact different divisions with in a company are in charge of each section. it is called a working relationship. it works until it doesn't and then they part ways
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Post by pauls on Dec 11, 2012 16:56:41 GMT -8
Long both AAPL and QCOM.....I don't like it! It seems like it is bad news for at least one of them. I liked to think of QCOM as Switzerland....
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Post by jcaron on Dec 11, 2012 17:24:07 GMT -8
Long both AAPL and QCOM.....I don't like it! It seems like it is bad news for at least one of them. I liked to think of QCOM as Switzerland.... I am also (long qcom and aapl) but I did add a put hedge to my qcom shares yesterday due to all of the bearish divergence showing on the hourly and daily charts. One contract for each 100 shares.. Could turn out to be valuable insurance....
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Mav
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Post by Mav on Dec 11, 2012 17:31:09 GMT -8
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Post by mbeauch on Dec 11, 2012 17:41:54 GMT -8
North Korea just launched a long range missile, CNN
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Post by pauls on Dec 11, 2012 17:55:32 GMT -8
Long both AAPL and QCOM.....I don't like it! It seems like it is bad news for at least one of them. I liked to think of QCOM as Switzerland.... I am also (long qcom and aapl) but I did add a put hedge to my qcom shares yesterday due to all of the bearish divergence showing on the hourly and daily charts. One contract for each 100 shares.. Could turn out to be valuable insurance.... I don't have a ton of QCOM, but definitely something to consider. With the way AAPL's been traded lately, it will somehow be seen as a 'positive' for QCOM. It does make me wonder what is brewing for chip supply going forward.
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