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Post by aaplsauce on May 4, 2022 20:35:51 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on May 5, 2022 2:22:59 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on May 5, 2022 6:19:15 GMT -8
EU antitrust chief calls for global approach towards tech giantsThis article has me so pissed I don't even want to quote from it. This is a blatant attack on America (the entire point of the EU). This little troll Vestager wants the world to gang up on us. We need our government to step up and defend our companies. Very easy to do. Unfortunately, there aren't a lot of people in DC who give a damn on either side of the aisle. Tim is not without fault here. Apple is perceived as arrogant in DC.
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Post by archibaldtuttle on May 5, 2022 6:35:53 GMT -8
Ugly reversal
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on May 5, 2022 6:38:15 GMT -8
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4aapl
Moderator
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Post by 4aapl on May 5, 2022 7:25:18 GMT -8
Did Powell come back and say they changed their minds, and now they are actively considering raising rates by three-fourths of a percentage point in June?
I remember this sort of market action just a little with the good is bad and bad is good rallies/falls with rate changes in the past 2 big cycles. Crazy times, but it is what it is when many are trying to be one step ahead or second guess things. And I'm sure it's multiplied by the algos now, just needing to see a glimpse of a direction the market is going or can be pushed.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on May 5, 2022 7:27:23 GMT -8
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Ted
fire starter
Posts: 892
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Post by Ted on May 5, 2022 8:19:52 GMT -8
I think it's the "500 channels and nothin to watch" syndrome that's at play here. If the content providers only have a couple shows each that interest you, then you end up with more subscriptions to feed the fat-butt video addiction. Apple TV+ though, with its emphasis on quality over quantity, has me subscribing to fewer apps. HBO Max at $15/mo is too rich for my blood - I turn it on and off as needed. Apple TV+ is still only $5/mo and there're a dozen or more things I like on there fwiw.
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Post by aaplcrazie on May 5, 2022 8:54:30 GMT -8
Bloody Hell What the What the....🍏 😱
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Post by archibaldtuttle on May 5, 2022 9:15:21 GMT -8
For the first time in 2 years, price now stuck below the weekly pivot line... unless we see another rebound by the end of tomorrow, look out below. There is the moving average underneath there as an extra support. In March, the price went under the pivot line, only to bounce up hard from the moving average. That appeared to be what happened yesterday as well. But this time, the bounce faded and the pivot line became overhead resistance instead of support.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on May 5, 2022 10:15:35 GMT -8
For the first time in 2 years, price now stuck below the weekly pivot line... unless we see another rebound by the end of tomorrow, look out below. There is the moving average underneath there as an extra support. In March, the price went under the pivot line, only to bounce up hard from the moving average. That appeared to be what happened yesterday as well. But this time, the bounce faded and the pivot line became overhead resistance instead of support. Do you tend to find that the charts and pivot lines still matter much for an individual stock when the movement is mostly market related? Looks like the Nasdaq is knocked back to it's price first seen in November 2020, so a year and a half back. AAPL's daily chart has an RSI of just below 42, whereas often the painful lows are below 35, sometimes down to 30, and occasionally even lower. stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=3&mn=0&dy=0
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Post by archibaldtuttle on May 5, 2022 11:19:39 GMT -8
Yes - for a while AAPL was doing better than the rest of the market / tech and that was reflected in the resilience of this indicator. But as of this week, AAPL is collapsing harder than the rest. So I do think it’s still a useful indicator, as much as I don’t like the results.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on May 5, 2022 11:57:43 GMT -8
Come on with the TA nonsense. The entire market is tanking! If TA is so predictive, tell us the day before this shit happens! TIA!
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Post by duckpins on May 5, 2022 12:05:37 GMT -8
Again I posit, what would Apple really be buying with Netflix, when people are dropping 3 of 5 services? No thanks!
Well buying low is something to think about. Netflix is now oversold on the 7 Monthly RSI. The 14 RSI Monthly is below 30 as well. Rarely happens. The one thing Apple TV has failed at is providing shows and movies from the past. By this time Apple should have a collection of TCM, TV and other shows from golden era of both Hollywood and TV. It doesn't. Netflix is the contemporary answer. However the past would still need filling to totally compete with Disney which offers 3 streaming services. Apple TV is a long way from Disney which has stuff kids watch 40 times. Plus the Netflix DVD business has a certain charm to it and folding it into the streaming service for a small additional charge could vastly expand the choices of old, foreign, and Grade B thrillers.
I would never expect this from apple. They are obsessed with the driverless car like all billionaires seem to be. There is no driverless vacuum that works good. No race cars that are driverless and all they do is follow a track that can be programmed. This and the so called net neutrality which benefits the streamers at the expense of readers who don't care about tube or video are issues where the media has it wrong.
At 1059- points the dow is at its 9th worst day in history. Now we are up to 3 of the worst 20 days during this crash. The covid crash yielded 15 such days and a 40% loss. But the rebound was quick. This has been a 4 month grind down and it is accelerating. Everything is on sale and the only thing being bought is real estate and crypto.
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Post by archibaldtuttle on May 5, 2022 13:20:39 GMT -8
With mortgage rates spiking, real estate boom won’t last much longer.
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Post by archibaldtuttle on May 5, 2022 13:25:22 GMT -8
Come on with the TA nonsense. The entire market is tanking! If TA is so predictive, tell us the day before this shit happens! TIA! LOL go back and read my posts, I have been warning you. I have posting the exact same chart for months, and specifically saying if it breaks below X level, it has a high probability of tanking, etc. Some people just didn’t want to hear it. I also sold a chunk in December when RSI popped above 70, another TA indicator I posted about and some people on this board scoffed at. And in January, I posted charts showing how similar the trading action was to January 2008 and warning that there was probably more downside to come.
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Post by Luckychoices on May 5, 2022 14:30:18 GMT -8
Any person fully invested in AAPL for any length of time had to have long ago adjusted to the fact that AAPL's share price will sometimes increase, sometimes decrease...and sometimes go sideways. Over the years AAPL investors have seen massive appreciation of their investment...but sometimes it's easy to lose track of where we are, investment wise. I don't track AAPL by what it's done YTD or by calendar year...I choose to track it in relation to my retirement date, 05/19/08 and the yearly anniversary. And even at Tuesday's close of $156.80, AAPL was still up 26% since 05/19/21...and if AAPL actually dropped to $140, as some misguided folks have projected, AAPL Longs would still be up 12% since 05/19/21.
Are some AAPL Longs in a slight panic about the possibility of a drop in share price after earnings today? I can't speak for other AAPL Longs, but, personally, I'm hoping the share price stays down for the next few weeks until AAPL dividends are paid in mid-May. The AAPL dividends which were auto-reinvested in February of this year, purchased shares at $171.98. If my wife and I could pick up new shares of AAPL with our dividends in the $140's or $150's, that would be awesome. But if AAPL rises to $200/share by May dividends, I'd be fine with that as well. 😎 Just to update my post from a week ago...even after dropping $9.25 today, even at $156.77/share... AAPL is *still* up 26% since 05/19/21. I enjoy seeing AAPL's share price making ATH's as much as any other AAPL Long...but AAPL dividends will be paid in 7 days(May 12). When February's AAPL dividends were paid, the AAPL dividends in our IRA's bought new AAPL shares at $171.98 and the average cost basis for our dividend-purchased shares since 2012 went from $38.48/share all the way up to $39.59/share. Horrible, amirite? 😊 If AAPL's share price stays close to $156/share until dividends are paid next week, I won't be at all unhappy. Geez, more shares for the same amount of dividend? Who could be unhappy with that? Market actions like today make me more than ever glad I'm a long-term *investor* in AAPL.
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Post by montegn on May 5, 2022 15:07:45 GMT -8
Archibaldtuttle, Thanx for the charts, just wish I had headed the "advice'.
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Post by firestorm on May 5, 2022 17:33:16 GMT -8
I agree with you, imagine that. I have been a Netflix subscriber for 1 1/4 years; there have been a few top notch shows, but most of the stuff bores the hell out of me. I told my wife I would like to drop it for a while until they create a few more series worth watching. I also get Amazon as part of Prime, and love some of their shows. Also pay for PBS and Apple streaming. I will probably drop Apple as well. There just isn't enough time to watch all the stuff that's on now. I think Apple buying Netflix would be a waste of money, and perhaps like trying to catch a falling knife.
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4aapl
Moderator
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Post by 4aapl on May 5, 2022 18:21:11 GMT -8
I agree with you, imagine that. I have been a Netflix subscriber for 1 1/4 years; there have been a few top notch shows, but most of the stuff bores the hell out of me. I told my wife I would like to drop it for a while until they create a few more series worth watching. I also get Amazon as part of Prime, and love some of their shows. Also pay for PBS and Apple streaming. I will probably drop Apple as well. There just isn't enough time to watch all the stuff that's on now. I think Apple buying Netflix would be a waste of money, and perhaps like trying to catch a falling knife. It's one of those things about "what's worth it"? We had our trial of Apple+, and watched The Morning Show plus some of the cools Houses from all over the world. But these days we don't watch much TV, so we canceled it. Actually, we missed a month, so we paid for a month, and then canceled. With Amazon Prime, my wife thought it was worth it for a bit for the shipping at xmas. We've missed the cut-off to cancel it a few times, but we are watching a few movies on it, so it balances out a bit. We have Disney+. We watch just about the right amount of stuff on it I guess. My kids get a kick out of some of the really old movies, so it works. But with all of them it's a matter of having enough to make it seem worthwhile. Or maybe just once, so you sign up, and then don't bother canceling for a while. I'd like to watch the new season of Billions, even if I agree with JD that it's not the same as season 1. But do I want to sign up for 4 months to watch it all right away? Or do I just wait, sign up for a month, and call it good? This time around we're even behind on the network shows. In fact, my wife lost interest in NCIS, so we've dropped that too. Seal Team went to subscription. And that just leaves Blacklist, which I'm 4 episodes behind on, and start to wonder if I care much. I know some people are just really up to date on their TV shows, and it used to be a good space for us. But in trying to wait until after the kids have settled down, now after 10, but getting up at 6 with one of our kids, I'm just to the point of calling it a day. We're just not hooked on the TV thing these days, unlike in the pre-kids days where we'd catch an episode of West Wing and then 3 episodes of Law and Order. Times change
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 325
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Post by crispin on May 5, 2022 20:40:40 GMT -8
The last three series on Apple TV+ that I watched were excellent by almost any metric - Severance, Slow Horses, and Pachinko. In particular, I enjoyed Severance which combines a sly humor and brilliant writing with a dystopian vaguely futuristic (but simultaneously retro) office setting. A bit like Black Mirror meets Office Space. The other two are really superb as well. At $5/month I find it cheap enough to just keep the sub going without agonizing. I recently cancelled HBO though. $15/month was hard to justify when I was only watching John Oliver regularly. The nice thing about the streaming services is they make it very easy to stop and start whenever interest waxes or wanes.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on May 6, 2022 2:32:24 GMT -8
With mortgage rates spiking, real estate boom won’t last much longer. Yes, unfortunately many people are buying adjustable rate mortgages now which will be a disaster for them as the rates continue to rise. The price of homeownership have been pushed out of most peoples grasp now. Something has to give, and it will.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on May 6, 2022 2:37:51 GMT -8
For the first time in 2 years, price now stuck below the weekly pivot line... unless we see another rebound by the end of tomorrow, look out below. There is the moving average underneath there as an extra support. In March, the price went under the pivot line, only to bounce up hard from the moving average. That appeared to be what happened yesterday as well. But this time, the bounce faded and the pivot line became overhead resistance instead of support. To me it looks like there is support at $150 and if that doesn’t hold there is support at $140 from last October. It looks like everyone is running to the exits. FUD. Thank you.
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Post by macster on May 6, 2022 5:42:34 GMT -8
For the first time in 2 years, price now stuck below the weekly pivot line... unless we see another rebound by the end of tomorrow, look out below. There is the moving average underneath there as an extra support. In March, the price went under the pivot line, only to bounce up hard from the moving average. That appeared to be what happened yesterday as well. But this time, the bounce faded and the pivot line became overhead resistance instead of support. To me it looks like there is support at $150 and if that doesn’t hold there is support at $140 from last October. It looks like everyone is running to the exits. FUD. Thank you. If you are long have time just sit back, relax and let the buybacks increase your accounts overtime.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on May 6, 2022 6:15:56 GMT -8
Time is always a factor. If time is on your side then you have the luxury of waiting out any down turn. Unfortunately none of us can be sure of how much time we have or how long the down turn will last.
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