So why did AAPL just take a tumble? Profit taking?
There's lots of opinions and factors on this.
One is options (talking about weekly options on the week of a big event, like the iPhone announcement or earnings). Speculators speculate, lured in by the hopes of riches if the stock moves a lot. Up or down, some bet on both, maybe looking for a $5-10 move. Maybe they get them for as little as 50 cents, or maybe they pay a few bucks. Either way, if AAPL jumps a lot, they make 200%, or even more.
The market digests the news and then moves. But the market is finicky, and so the volume lowers and the directional push stalls.
Meanwhile, the big guys who took the other side of the trade don't want to pay out too much, if any. And so they wait for the volume to die down, and then push it a bit. Maybe it's just buying 50k to cover part of their 500k position. But when volume has settled down, that moves the price.
Another side is anyone who foregoes options and went straight with shares, and so they were just profit taking like you say. Call them the Days Trader.
Either way, the stock moves around, sometimes even without the aid of Twitter. The stock doesn't normally keep moving one way for long. The upside is that it's hard for it to get overheated, such as that RSI of 75 that was called out, if there's a few flat or down days in the mix.
We're still in the wait and see timeframe, with no actual numbers. Someone might do a poll, showing that x% plan to upgrade. But then there's the nasty rumors that we haven't seen for 9 months, of such and such supplier said they have an order cut.
Fun times. Or maybe it's all getting old.
"Kids, back when I first started investing, the prices were in fractions!"
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 12:48:32 GMT -5
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 14:42:52 GMT -5
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5