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Post by aaplsauce on Jun 9, 2021 21:57:31 GMT -8
Hello Thursday! Four GREEN trading days in a row! And futures are currently green.
Apple Investor News, "always updating news stream”.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jun 10, 2021 7:42:34 GMT -8
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4aapl
Moderator
Posts: 3,631
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Post by 4aapl on Jun 10, 2021 10:05:18 GMT -8
Four GREEN trading days in a row! And futures are currently green.
Sure, jinx it. I was expecting at least a little red after the monopoly reports included Apple. FWIW, I had to do a search to find the Big Sur update, so IMO Apple doesn't put their own products front and center. How many years did the final settlement with Microsoft take? It seemed like it was years. It's likely that this is just the first step in a long negotiation and potentially legal battle.
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Post by archibaldtuttle on Jun 10, 2021 10:28:04 GMT -8
Nasdaq up 1%, AAPL down 1%. Can anyone explain it?
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4aapl
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Posts: 3,631
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Post by 4aapl on Jun 10, 2021 10:29:54 GMT -8
Nasdaq up 1%, AAPL down 1%. Can anyone explain it? From chinacat's post late yesterday:
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Post by aaplsauce on Jun 10, 2021 10:42:57 GMT -8
Four GREEN trading days in a row! And futures are currently green.
Sure, jinx it. Guilty...shortly after market open I even contemplated the possibility of waking up archibaldtuttle "Wake me up when we close above 128"
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Post by rmhe1999 on Jun 10, 2021 10:46:11 GMT -8
Regarding today's red, AAPL hit the top of its channel then immediately reversed. It's stuck between the 50-day SMA and the 200-day SMA on the Daily chart. See here: AAPL Stock Chart. AAPL is going through a long period of consolidation. Which IMHO is a good thing after a large move in 2020. No way to say which way it'll break out of the channel but the longer it stays the stronger the support becomes from a TA point of view.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jun 10, 2021 10:46:16 GMT -8
Yahoo!finance has Apple and Facebook need each other more than they’d ever admit. "...Apple can’t just drop Facebook." is a stupid statement, unless I have missed Tim Cook threatening such action. Facebook is affected the same as any other app purveyor by Apple's recent changes to guard user privacy. If it affects them more dramatically, then it is due to their choice to abuse user privacy, just like any other apps that do the same.
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Post by archibaldtuttle on Jun 10, 2021 12:06:05 GMT -8
Guilty...shortly after market open I even contemplated the possibility of waking up archibaldtuttle "Wake me up when we close above 128" Ha that’s why I said *close* above 128. It’s gotten rejected a lot at that 128 level
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Post by zebrum on Jun 10, 2021 14:45:20 GMT -8
Nasdaq up 1%, AAPL down 1%. Can anyone explain it? Barrons: Why Can’t the Stock Market Hit a New High? Blame Apple.That is partly because bond yields have risen. Higher yields, and higher interest rates in general, erode the current value of future cash flows. That is a particular problem for growth stocks because the bulk of the cash they will pump out is expected to arrive years from now.
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Post by archibaldtuttle on Jun 10, 2021 17:09:10 GMT -8
Looks like bond yields have been lowering in the last couple weeks, including today. So that doesn’t explain today’s price action. But maybe the slowing yields saved AAPL from continuing its downslide.
Also, this headline is quite funny on a day when the stock market (S&P 500 at least) literally hit a new high.
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4aapl
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Post by 4aapl on Jun 10, 2021 19:01:55 GMT -8
Looks like bond yields have been lowering in the last couple weeks, including today. So that doesn’t explain today’s price action. But maybe the slowing yields saved AAPL from continuing its downslide. Also, this headline is quite funny on a day when the stock market (S&P 500 at least) literally hit a new high. That's the problem with writing your story the day before. AAPL will make it out of this eventually. But it's just not as exciting right now as others. Truthfully, if you're looking for 100% annual returns, you might have higher probability with GME than AAPL, even if Apple is a much more solid long term investment. Such is life in the day of lottery ticket investments.
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mark
fire starter
Posts: 1,552
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Post by mark on Jun 11, 2021 6:16:50 GMT -8
Looks like bond yields have been lowering in the last couple weeks, including today. So that doesn’t explain today’s price action. But maybe the slowing yields saved AAPL from continuing its downslide. Also, this headline is quite funny on a day when the stock market (S&P 500 at least) literally hit a new high. That's the problem with writing your story the day before. AAPL will make it out of this eventually. But it's just not as exciting right now as others. Truthfully, if you're looking for 100% annual returns, you might have higher probability with GME than AAPL, even if Apple is a much more solid long term investment. Such is life in the day of lottery ticket investments.My gut tells me that when it ends, when the lottery ticket portion gets too big and suddenly everyone wants out, it will affect more than just the lottery tickets. Maybe back in '06-07 the lottery tickets were rental homes, and maybe today the lottery tickets are meme stonks (and/or some crypto, or all crypto, or NFT, or whatever), but usually in the end when the SHTF, it affects a whole bunch of things.
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4aapl
Moderator
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Post by 4aapl on Jun 11, 2021 6:22:49 GMT -8
That's the problem with writing your story the day before. AAPL will make it out of this eventually. But it's just not as exciting right now as others. Truthfully, if you're looking for 100% annual returns, you might have higher probability with GME than AAPL, even if Apple is a much more solid long term investment. Such is life in the day of lottery ticket investments.My gut tells me that when it ends, when the lottery ticket portion gets too big and suddenly everyone wants out, it will affect more than just the lottery tickets. Maybe back in '06-07 the lottery tickets were rental homes, and maybe today the lottery tickets are meme stonks (and/or some crypto, or all crypto, or NFT, or whatever), but usually in the end when the SHTF, it affects a whole bunch of things. Yep, always true. A sinking tide affects all boats too. OTOH, in that situation while some money gets taken away and put into much different investments (bonds?) or paying off loans/margin, some moves to less risky investments. Apple is much different than it was in the major declines over the past 25 years, and it might be close to the point where it is a safer haven during a decline, possibly declining less than the market. Either way, like the lottery ticket investments of '00, some of them will be hit down much more than the market as a whole.
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mark
fire starter
Posts: 1,552
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Post by mark on Jun 11, 2021 6:48:58 GMT -8
My gut tells me that when it ends, when the lottery ticket portion gets too big and suddenly everyone wants out, it will affect more than just the lottery tickets. Maybe back in '06-07 the lottery tickets were rental homes, and maybe today the lottery tickets are meme stonks (and/or some crypto, or all crypto, or NFT, or whatever), but usually in the end when the SHTF, it affects a whole bunch of things. Yep, always true. A sinking tide affects all boats too. OTOH, in that situation while some money gets taken away and put into much different investments (bonds?) or paying off loans/margin, some moves to less risky investments. Apple is much different than it was in the major declines over the past 25 years, and it might be close to the point where it is a safer haven during a decline, possibly declining less than the market.Either way, like the lottery ticket investments of '00, some of them will be hit down much more than the market as a whole. Oh, this would be a terrible state of affairs!!!! If Apple becomes a "safe haven" company, by definition it has become a cyclical and/or value stock that produces regular low-growth or no-growth returns, rather than being the growth stock that it is today. I mean, regular earnings and regular dividends and a stable stock price might be good for many people, but for those of us looking for growth, we want less "safe haven", more volatility, and more growth ... and the resultant better returns over the long-term with those kinds of companies. Heck, when the lottery tickets blow up, I wouldn't be so unhappy to see APPL cut in half or so ... then I could get into my traditional long-term options, and perhaps buy some more stock, and wait a few years to reap the benefits. Also, I think you just used those famously risky words - "This Time Is Different".
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4aapl
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Post by 4aapl on Jun 11, 2021 10:50:44 GMT -8
Also, I think you just used those famously risky words - "This Time Is Different". Not quite. It's a different company than when I first bought shares in January 1998, only half a year or so after Apple got the loan from Microsoft, and SJ had come back. A much different company. But it's not so different that it will never see a decline. All stocks see declines. The reasoning, the timing, and the severity can change, but nothing is immune. It's impressive how the market has held up in the past 13 years. Last year's dip is hard to put into the calculation as to if it was really a reset. I don't really think it was, and that we'll see another one. But right now is so different too, with so much money being dumped into the economy by the government in a variety of ways. It's hard to know when the party will end, but all parties do end eventually.
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