aapl
fire starter
Posts: 184
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Post by aapl on Oct 10, 2023 2:17:05 GMT -8
Morning, premarket's a little green at this early hour...179.17 +0.18 (+0.10%) Horace is doing an Apple investor conference next month in Boston - see here.
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Post by Luckychoices on Oct 10, 2023 9:50:39 GMT -8
What a typical day for AAPL...the market's been open for about 4 hours and AAPL has varied between $178.12 and $179.72...$1.60 range. And for what reason? For day traders to make money, IMO. TSLA, AMZN and META have been green since the market opened...GOOG is green now, after starting the day in the red. AAPL and MSFT have been in and out of the green today and, this year in particular, I'm so glad to be *long* AAPL..instead of trying to anticipate the daily, weekly or monthly movements when it comes to the stock. YMMV
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Post by duckpins on Oct 10, 2023 16:32:02 GMT -8
FOR THOSE who watch charts AAPL is on the verge of filling the 181-178 gap. Then there is a 190 - 187 gap. Fill that and the season ending rally plus the final year of the presidential cycle should add some lift. Good earnings would be the fuel.
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mark
fire starter
Posts: 1,555
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Post by mark on Oct 11, 2023 5:37:08 GMT -8
What a typical day for AAPL...the market's been open for about 4 hours and AAPL has varied between $178.12 and $179.72...$1.60 range. And for what reason? For day traders to make money, IMO. This is a very common misconception. When day traders trade stock between themselves within the price range of $178.12 and $179.72, there is a buyer and seller each time. Net net, they don't make all that much, because when one of them "makes" money, the other one "loses" money. The main cohort that "makes" or "loses" money that day are the people who hold the stock. Look at it this way, the person who bought at $178.93 and sold at $179 made 7 cents, the person who bought at $179 and sold at $178.93 lost 7 cents. But everyone else who simply held the stock "lost" 60 cents on Tuesday. HOWEVER, because over the long term, stocks almost always go up, the holders of stocks almost always "make" more than the day traders of stocks. The reason stocks move around somewhat each day is because of liquidity. Every minute of every day, there are new people placing their orders, and some are willing to pay a few cents more, and some are willing to sell for a few cents less, across an entire day (6 1/2 hours of regular trading) you end up with the variations we see. If not for all those people placing their orders, we would see stagnant prices, and much lower volume, and thus much less liquidity. It would be like the bad old days with much wider bid-ask spreads. After high commissions, it was absurdly wide bid-ask spreads that rankled me most investing in the 80s. And, of course, having to make a phone call and talk to a human for each trade was no pleasure either.
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Post by Luckychoices on Oct 11, 2023 9:48:32 GMT -8
What a typical day for AAPL...the market's been open for about 4 hours and AAPL has varied between $178.12 and $179.72...$1.60 range. And for what reason? For day traders to make money, IMO. This is a very common misconception. When day traders trade stock between themselves within the price range of $178.12 and $179.72, there is a buyer and seller each time. Net net, they don't make all that much, because when one of them "makes" money, the other one "loses" money. The main cohort that "makes" or "loses" money that day are the people who hold the stock. Look at it this way, the person who bought at $178.93 and sold at $179 made 7 cents, the person who bought at $179 and sold at $178.93 lost 7 cents. But everyone else who simply held the stock "lost" 60 cents on Tuesday. HOWEVER, because over the long term, stocks almost always go up, the holders of stocks almost always "make" more than the day traders of stocks. Thanks, Mark. Forgive me for using "day traders" when referring to folks making money from share price movements unrelated to any news. It was just a convenient term to indicate the share price movement was made so that *someone* could make short-term money. The stock movement shown in my original chart wasn't based on financial news, world news, or any news, IMO. The two charts below, screen shots from this morning, illustrate to what I was referring. Five minutes after the stock opened at $178.20, it had climbed $.64 to $178.84, as shown in the first chart. Then, as shown in the second chart, AAPL dropped to $177.78...-$1.06 drop in 15 minutes. To me, this isn't day traders trading "stock between themselves" but instead a huge drop where someone made a great deal of money in a very short time. The reason stocks move around somewhat each day is because of liquidity. Every minute of every day, there are new people placing their orders, and some are willing to pay a few cents more, and some are willing to sell for a few cents less, across an entire day (6 1/2 hours of regular trading) you end up with the variations we see. OK, I'm pretty certain that's a good explanation of what's happening during a market day. And I suggest that's what we see in the red box in the 3rd chart taken from the first part of today's market chart for AAPL. In any case, Mark, thanks for your insights on the effects of day trading...yet another area in which I'm blissfully ignorant. 😁
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Post by zebrum on Oct 11, 2023 15:39:13 GMT -8
A close rally usually means hedge fund dumping season is over
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