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 Jul 7, 2022 1:09:58 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 Jul 7, 2022 1:39:07 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 Jul 7, 2022 1:58:20 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 Jul 7, 2022 2:01:15 GMT -8
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Post by aaplcrazie on Jul 7, 2022 6:41:32 GMT -8
Rene needs to stop waving his hands around at the bottom of the Frame, am getting sea sick over ere. 😂
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Jul 7, 2022 7:58:57 GMT -8
This is a quote from JD’s link. I think the key word is “if”. So how likely is the possibility that a worst case scenario will occur in the next 12 months? Katy has been putting bull and bear cases in her stock price predictions too, and often they are pretty outlandish even if the bull case gets all of the news. During this 6 month round, so far Apple as a company has continued on fairly well, though we'll hear more soon. Instead, this has been sentiment changing, mainly due to seeing some head winds, and guessing at the chance of bad things. It will be interesting to see the YOY numbers. It was interesting to see a story yesterday of changing consumer sentiment, something like 75% worried about a recession, and 68% worried about inflation, from sampling 2k people. I thought that was a big change, possibly near a low point. Then the article, which was fresh, said the study was from around April 23rd. Talk about looking in the rear view mirror. Separately, I'm not one to look too much at charts for technical moves, but looking at AAPL's 6M chart there are a lot of downwards head and shoulder moves. If nothing else it's interesting to see on a psychological level, of a little peak, then another even higher as people get hopeful, but then a 3rd just doesn't have the strength, and instead the stock heads down further looking for support. Things are looking a little better now, but it will take some time to know for sure. The moving averages also tend to show something, and AAPL has passed the 20DMA and might be able to keep above the 50DMA, all while the RSI has moved above 50 for a few days. Maybe some of the digestion has occurred, in addition to seeing the unemployment numbers and hoping that means the Fed's move has made a change such that things are closer to the end than the beginning and that the Fed won't have to raise things as much as they thought they might. Personally, I'm still guessing at another 1% increase in the Fed Funds rate in these last 6 months of the year, which seems plausible if they attempt to not overshoot too much, but that might be too conservative.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Jul 7, 2022 10:01:26 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 Jul 7, 2022 12:03:19 GMT -8
Wow, not a bad day!
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Post by zebrum on Jul 7, 2022 15:29:31 GMT -8
Back on track!
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Jul 7, 2022 21:23:07 GMT -8
Yep, they have fully automated electric car dreams too. How does that work? Do they add something like a tennis ball launcher to make the final door-step delivery? Or does it just let the human get ready for the next delivery instead of having to focus on that pesky driving stuff? I'm not sure. But they've had plans, being investors in one or more electric car makers, and I believe that has overflowed into automated driving too.
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