Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Apr 14, 2020 3:01:27 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Apr 14, 2020 3:10:44 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Apr 14, 2020 3:25:05 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Apr 14, 2020 6:27:52 GMT -8
Has anyone else noticed that AAPL is up $285.38, almost 12%? We've broken above the 200 day MA with a 58.73 RSI. All very good, except for all of those pesky gaps left behind.
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4aapl
Moderator
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Post by 4aapl on Apr 14, 2020 7:03:01 GMT -8
Has anyone else noticed that AAPL is up $285.38, almost 12%? We've broken above the 200 day MA with a 58.73 RSI. All very good, except for all of those pesky gaps left behind. You mean up $12 I think. It's a little disappointing to sell my little side bet a day early (volume was low, but AAPL was up a little on a day when the market was down a little. Hard to complain when still making money, but it's good to also try to learn from it). But we're in strange times, with multiple variables and unknowns. And stresses, as one can see between various actions and articles, health wise, financial or otherwise. Nice to see some more green! I've felt the market would do this at some point as the health side came around, settling on some discount (10%?) due to the unknown economic situation. 10% doesn't seem like enough given the longer, and expected continued (per Cuomo, the ramp up taking months not weeks) sideline of so much of the economy. Those $20 jumps were nice, but double digits in a day will work too, and might even be a little more sustainable. Go AAPL!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Apr 14, 2020 7:47:58 GMT -8
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Post by socal Film Composer on Apr 14, 2020 8:33:21 GMT -8
Has anyone else noticed that AAPL is up $285.38, almost 12%? We've broken above the 200 day MA with a 58.73 RSI. All very good, except for all of those pesky gaps left behind. Great news on the 200MDA! Gaps be damned as far as I'm concerned, I'll take the enjoyment of seeing the balances coming back in line on the portfolio. More and more looking like a V or U crash/recovery - interestingly enough some other stocks charts which I added as new holdings near the bottom, such as Simon Property Group - SPG - look like a classic double bottom W shape vs. Apple's crash to 219 and "retest" to 240 area. Time will tell.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Apr 14, 2020 9:24:50 GMT -8
Has anyone else noticed that AAPL is up $285.38, almost 12%? We've broken above the 200 day MA with a 58.73 RSI. All very good, except for all of those pesky gaps left behind. Great news on the 200MDA! Gaps be damned as far as I'm concerned, I'll take the enjoyment of seeing the balances coming back in line on the portfolio. More and more looking like a V or U crash/recovery - interestingly enough some other stocks charts which I added as new holdings near the bottom, such as Simon Property Group - SPG - look like a classic double bottom W shape vs. Apple's crash to 219 and "retest" to 240 area. Time will tell. My bad, I should have said the 50 day MA. The blue line.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Apr 14, 2020 9:28:26 GMT -8
Has anyone else noticed that AAPL is up $285.38, almost 12%? We've broken above the 200 day MA with a 58.73 RSI. All very good, except for all of those pesky gaps left behind. You mean up $12 I think. It's a little disappointing to sell my little side bet a day early (volume was low, but AAPL was up a little on a day when the market was down a little. Hard to complain when still making money, but it's good to also try to learn from it). But we're in strange times, with multiple variables and unknowns. And stresses, as one can see between various actions and articles, health wise, financial or otherwise. Nice to see some more green! I've felt the market would do this at some point as the health side came around, settling on some discount (10%?) due to the unknown economic situation. 10% doesn't seem like enough given the longer, and expected continued (per Cuomo, the ramp up taking months not weeks) sideline of so much of the economy. Those $20 jumps were nice, but double digits in a day will work too, and might even be a little more sustainable. Go AAPL! Please ignore that post, it’s just one of those days.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Apr 14, 2020 10:24:38 GMT -8
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Post by Lstream on Apr 14, 2020 11:50:41 GMT -8
This whole situation is a good illustration of why I am never going to try and figure out how to time the market. When this whole situation really set in, I decided to immunize myself from a total market meltdown, and to have some cash ready to deploy if prices got really cheap. Plus to have at least a couple of years covered in case I faced no income during that time. So I sold about 8% of my Apple holdings at $321, $297, and $253. I was going to sell more if it hit $200.
I am seriously surprised at the strength of the S&P and of Apple here, with the economy in a holding pattern. I expected way worse. Is this a sucker rally? I have no idea, but I remain comfortable with the defensive selling I did.
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4aapl
Moderator
Posts: 3,630
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Post by 4aapl on Apr 14, 2020 12:20:31 GMT -8
This whole situation is a good illustration of why I am never going to try and figure out how to time the market. When this whole situation really set in, I decided to immunize myself from a total market meltdown, and to have some cash ready to deploy if prices got really cheap. Plus to have at least a couple of years covered in case I faced no income during that time. So I sold about 8% of my Apple holdings at $321, $297, and $253. I was going to sell more if it hit $200. I am seriously surprised at the strength of the S&P and of Apple here, with the economy in a holding pattern. I expected way worse. Is this a sucker rally? I have no idea, but I remain comfortable with the defensive selling I did. We really don't know. Much like trying to model the virus itself, it depends on at least a few variables, that we can only make guesses at. A lot depends on how much of the economy is affected, and how much can get back online. There is some flex in the system, with having unemployment so low, but are cruise line and air line employees going to jump over into infrastructure improvements? Or are there going to be enough reductions in construction that there is a direct feed from residential into infrastructure. What worries me is the money flow, in that fewer baseball stadium employees might not seem like a problem at first blush, but if they don't pick up another job in short order suddenly you don't have the money flowing through them to other areas of the economy. It's easy to come up with worst case scenarios, or best case scenarios. It's tough, especially with so many unknowns, to come up with a realistic range within those extremes. Some countries are starting to green light small parts of the economy. That makes sense to me, throttling progress just a little, but then trying to quickly get to the point of opening more areas that can have some distancing. At the same time, it's easy to think that what's happening in your direct world is what is happening everywhere. I think more of the economy is moving forward than I would initially think, but that depends on how many people are still working, whether that's remotely or in person. Around here, many contractors are still working, and some other things are still happening. It will be interesting to get more numbers in the coming 2 weeks or so, including from Apple. I still think there will be retracing, but just like anyone else I can't predict the future even if I can guess at some rough probabilities. We'll see.
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Post by Lstream on Apr 14, 2020 12:42:55 GMT -8
I think there is retracing coming as well. This month is the first one where earnings reflect the impact of what has been happening.
I would like to see governments take the lead in concrete steps like mass availability of testing to bring confidence back. I spend a bunch of money on air travel personally and in my business. It would make me feel a whole lot better if our employees could get on a plane and know that they are not seated beside an infected person. We have one employee in the Pacific Northwest, who is very likely going to succumb to this situation in the next few days. We don’t know how he got it, but we certainly want to have some data and and information, when restrictions are lifted so that we don’t lose anyone else.
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Post by nwjade on Apr 14, 2020 13:05:08 GMT -8
A couple of days ago the thought of AAPL now being only 4.5% away from $300 would of seemed highly unlikely.
A retrace? Sure I guess but I'm not about to try and time it.
I'm hopeful for some market stability sooner rather than later where individual stocks price on fundamentals.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Apr 14, 2020 19:39:38 GMT -8
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