Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Aug 10, 2022 1:26:08 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 Aug 10, 2022 1:43:46 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 Aug 10, 2022 1:52:56 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 Aug 10, 2022 6:34:37 GMT -8
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chinacat
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AAPL Long since 2006
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Post by chinacat on Aug 10, 2022 6:57:07 GMT -8
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Post by CdnPhoto on Aug 10, 2022 7:10:50 GMT -8
I love seeing AAPL positive. My worry is the RSI. I see it's at 71.42 at the moment. Anyone have thoughts about AAPL being in the "over bought" range?
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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 Aug 10, 2022 8:03:58 GMT -8
I’ve seen the stock price continue to grow even in the +70.xx range, driven by momentum. But on the weekly chart the RSI is at 59.xx. that may indicate that there’s still some room to grow. This market, like many in the past, is driven by the news cycle. Mr. Market wants to get back to the party, but the weather report keeps reminding everyone that there is a tornado approaching. But that’s just my opinion.
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nwjade
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Post by nwjade on Aug 10, 2022 9:11:08 GMT -8
I love seeing AAPL positive. My worry is the RSI. I see it's at 71.42 at the moment. Anyone have thoughts about AAPL being in the "over bought" range? While 70+ RSI is considered over bought, RSI can remain high for extended periods of time. AAPL is riding and a big part of this market rally, how long it can continue is anybodies guess.
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Post by hrace on Aug 10, 2022 9:33:05 GMT -8
chinacat: I also don’t see the appeal and currently don’t have a desire for a folding phone if given the choice today. Perhaps over time, more use cases will be found but today, I don’t understand the appeal both in use and in pocket-ability. However, I don’t want the phone getting any taller / longer if it doesn’t fold, or I will need a pocket alteration on a few pairs of pants that didn’t get the memo on iPhone sizing (not even max!).
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Post by firestorm on Aug 10, 2022 9:38:58 GMT -8
chinacat: I also don’t see the appeal and currently don’t have a desire for a folding phone if given the choice today. Perhaps over time, more use cases will be found but today, I don’t understand the appeal both in use and in pocket-ability. However, I don’t want the phone getting any taller / longer if it doesn’t fold, or I will need a pocket alteration on a few pairs of pants that didn’t get the memo on iPhone sizing (not even max!). Yes, I view the foldable phones as a solution in search of a problem, the opposite of what Steve and Jony would do.
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Post by duckpins on Aug 10, 2022 11:26:47 GMT -8
"Direxion Launches First Apple and Tesla Single-Stock, Leveraged and Inverse ETF Pairs." The bull ETF is leveraged 1.5 but the Bear ETF is not leveraged. So the only difference between the Bear ETF and the stock is that you would not have to pay the dividend with the ETF. As fares I know anyway. The bull is like buying an option with less delta but with the caveat the share price can't fall to zero unless there is total collapse. Options go to zero all the time.
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Post by hrace on Aug 10, 2022 11:33:24 GMT -8
A family member recently started a small business and created an online store front using Shopify to handle the web templates and payment processing. What I found interesting is that when you checkout, you can either add the item to the cart, pay with Apple pay, or click “more payment options”. Clicking more payment options then takes you to a screen with 4 choices: shop pay, Apple pay, PayPal or metapay. Nice to see Apple pay get exclusive one click priority over the other payment methods. I’m not sure what kind of deals are cut for that to happen not that it makes anyone more likely to pick that vs the extra click to be able to use the other payment options. Maybe there was no deal to make that happen and there’s some other advantage to Shopify to put Apple Pay before the others. Just something I hadn’t noticed before.
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Post by CdnPhoto on Aug 10, 2022 12:12:05 GMT -8
Weeeeeee
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4aapl
Moderator
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Post by 4aapl on Aug 10, 2022 14:10:30 GMT -8
chinacat: I also don’t see the appeal and currently don’t have a desire for a folding phone if given the choice today. Perhaps over time, more use cases will be found but today, I don’t understand the appeal both in use and in pocket-ability. However, I don’t want the phone getting any taller / longer if it doesn’t fold, or I will need a pocket alteration on a few pairs of pants that didn’t get the memo on iPhone sizing (not even max!). It does seem like there are obvious potential benefits, both of having a larger screen size for a given pocket footprint, and of protecting the screen when not in use. I've yet to have a screen on my iPhone crack, though I think my 5S started delaminating after 5.5 years. But my wife went through many on her 8+, and the back of my 11 just cracked when I tripped and fell on rocks. A folded phone would protect the screen. Likewise, who wouldn't want a larger screen, if the footprint wasn't bigger. SJ made fun of the tablet size smart phones, but then made bigger iPhones when the interest continued that way. Or if you like the current screen size, what if the footprint could be half of the current, when not in use? Looking at futuristic TV shows and movies, they tend to use a watch that projects a hologram. You have to have some way to see the stuff, and currently that is a physical screen even if it might be a projection, hologram, glasses, contacts or even an implant in the future. But why force the iPhone to be the screen size, if there ends up being a way that it can be smaller? The flip phone was generally better than the candy bar type ones. Most people are happy with the current iPhone design, though there are issues with pocket size, particularly in women's clothes. But that doesn't mean that the current design will stick around forever. If Samsung has worked out some of their previous issues, I believe of reliability, then it should do well even if it's a bit pricey. But the iPhone/iOS is pretty sticky, so even with a potentially good product there shouldn't be many switchers. OTOH, if it works out well and gains interest, you know that Apple will consider and even implement it, even if that's 2-3 years out on a good reception.
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4aapl
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Post by 4aapl on Aug 10, 2022 14:15:32 GMT -8
I love seeing AAPL positive. My worry is the RSI. I see it's at 71.42 at the moment. Anyone have thoughts about AAPL being in the "over bought" range? ~70 doesn't worry me, though it shows it might be at the upper end for a bit. And really with this stock price putting AAPL where it was in December, that's a lot more of a recovery than most things, and yet there still is a lot of uncertainty out there that gets priced in. With that mindset, it's pretty impressive AAPL is where it is. But all of these technical indicators are really psychological measurements trying to predict what will happen in the future, based on the recent past. And really it just depends. Looking at some of the averages and competitors, but not really with AAPL, there was continued positive movement in prices for 2+ months starting in July 2021 while the RSI was at 70 (AAPL's run there was steeper, but slightly shorter). AAPL has had similar moves in the past, whether it's climbing price, or RSI climbing on up above 70, passing 80, and even approaching 90. This time is different....because each time is a little different. The RSI is more like a cautionary speed advisement going into a corner. Sometimes it really is good to follow, but other times, depending on the conditions and vehicle, you can take it quite a bit hotter.
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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 Aug 10, 2022 14:19:50 GMT -8
For those that have watched the HBO mini series Westworld, they have what might be considered an iPad that folds in half and is very thin, which looks appealing. Maybe we are seeing the early stages of what is to come. By the way, I found the series well made, but very strange and hard to follow.
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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 Aug 11, 2022 1:26:11 GMT -8
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