Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Feb 11, 2021 2:36:45 GMT -8
Good morning. The pre-market is once again green at +$0.24 at the moment. The tug-of-war continues.
There seems to be very little news available today about our favorite fruit company this morning worth linking to. Perhaps that is good.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Feb 11, 2021 3:00:05 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Feb 11, 2021 4:34:40 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Feb 11, 2021 11:13:15 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Feb 11, 2021 11:16:21 GMT -8
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Feb 11, 2021 12:19:13 GMT -8
I can stay solvent longer than analysts can stay irrational. I ignore them. I am kinda perplexed at the failure of the market to acknowledge the amazing quarter Apple just reported. When we got the big yawn right after earning despite Microsoft and others being rewarded for mediocrity (which they do better than anyone in the world), I put it down to the distractions going on e.g. Gamestop, Insurrections, and general incompetence. But enough dust has settled that by now I thought we would be seeing a daily upward trend. I felt that 150 by the 15th was reasonable. I have not heard a decent FUD narrative that explains it. What is going on?
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Feb 11, 2021 13:16:03 GMT -8
I can stay solvent longer than analysts can stay irrational. I ignore them. I am kinda perplexed at the failure of the market to acknowledge the amazing quarter Apple just reported. When we got the big yawn right after earning despite Microsoft and others being rewarded for mediocrity (which they do better than anyone in the world), I put it down to the distractions going on e.g. Gamestop, Insurrections, and general incompetence. But enough dust has settled that by now I thought we would be seeing a daily upward trend. I felt that 150 by the 15th was reasonable. I have not heard a decent FUD narrative that explains it. What is going on? Bud, at first I thought the story by Rod Hall may explain at least today’s action. And then I was expecting the Evercore story to give a big drive higher then it did. But that would only explain today. I have no idea about the post earnings report action. In many ways this is just classic AAPL treatment. There may be a low end target they are striving for before they start to buy again. I don’t want to out of the stock when that happens. Been there, done that and it’s not pleasant.
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Post by rmhe1999 on Feb 11, 2021 13:36:55 GMT -8
Can someone with some technical analysis experience tell me what the heck AAPL has been doing since earnings? I’m a bit skeptical of a head and shoulders pattern (right shoulder seems a bit weak). I also don’t see how we enter a bearish trend after that last earnings report! I perhaps see a wedge condensing from the previous ATH. Looking at the intersection one would expect to see a break out or break down any day now. This sideways action is crazy.
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Post by artman1033 on Feb 11, 2021 14:55:49 GMT -8
AAPL went down on the day of distribution of the DIVIDENDS.
MANY investors reinvest their dividends into more AAPL STOCK.
in the past, AAPL would go UP on this day. I am happy CHIP SHORTAGE?
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Feb 11, 2021 15:43:20 GMT -8
Can someone with some technical analysis experience tell me what the heck AAPL has been doing since earnings? I’m a bit skeptical of a head and shoulders pattern (right shoulder seems a bit weak). I also don’t see how we enter a bearish trend after that last earnings report! I perhaps see a wedge condensing from the previous ATH. Looking at the intersection one would expect to see a break out or break down any day now. This sideways action is crazy. Maybe this can help: Bullish On Apple? How To Use Sector Rotation Trends To Build A Portfolio StrategyThe 21 day moving average is $135.11.
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mark
fire starter
Posts: 1,552
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Post by mark on Feb 11, 2021 16:29:22 GMT -8
AAPL went down on the day of distribution of the DIVIDENDS.
MANY investors reinvest their dividends into more AAPL STOCK.
in the past, AAPL would go UP on this day. I am happy I'll agree that it's weird. With the extra demand for stock today, you would expect it to go up. I just realized [again] about another advantage of the M1 chip (and the A-series, of course). Since Apple (via TSMC) controls the production, there aren't any shortages because Apple is the only customer for those devices. That doesn't mean that the semiconductor issue doesn't affect Apple, since they also need memory chips, wifi chips, 5G chips, etc.
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