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Post by CdnPhoto on Oct 26, 2023 5:26:39 GMT -8
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4aapl
Moderator
Posts: 3,649
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Post by 4aapl on Oct 26, 2023 6:25:09 GMT -8
Ouch.
Down in the 168's now, with an RSI or 33.2. If there was more substance to this fall or worry about Apple I'd be a little worried. Earnings and outlook will be a little more important, but things should be ok even in the middle timeframe.
(EDIT: Saw a 32.1 later. For those that worry a lot about the moving averages, the 20/50/200 are now pumped from 170-177, and the stock has been making it below that 170.09 200 day moving average)
We have a touch of snow out there, but headed out to do some trail work before the season closes down. If there's not much on the stock to talk about, it's Thursday so one conversation starter is "How's your newer Apple product doing".
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4aapl
Moderator
Posts: 3,649
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Post by 4aapl on Oct 26, 2023 7:29:37 GMT -8
Too tempting. Bought some shares pennies above 167, but held myself back from buying too many. It's hard to know how low this will go. Even if I expect Apple's announcement, earnings, and holiday season to be good, there is time before then and it's hard to know what the results and forecast will be, and if all will be interpreted positively.
Like Mark said, there is a chance that the P/E will go lower.
RSI at 30.4 while just below 167.
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Post by aaplcrazie on Oct 26, 2023 7:32:27 GMT -8
Ouch indeed! This am after installing Watch OS 10 was able to use the "touching thumb and index finger" gesture to bring up the passcode screen effortless and an innovative addition to the UI. This new gesture can be used in many ways as outlined: www.macrumors.com/2023/10/25/watchos-10-1-double-tap-gesture/
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Post by archibaldtuttle on Oct 26, 2023 8:27:59 GMT -8
Very rapid and clear breach of the Sept lows around 169.
Even good earnings in tech are getting punished because of the continued fear of inflation and high interest rates.
AAPL not expected to have good earnings - they’re expected to be flat to slight growth.
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Post by CdnPhoto on Oct 26, 2023 12:15:09 GMT -8
Amazon and Intel just reported earnings.
AMZN EPS of $0.93 beating expectations of $0.60 Revenue of $143.1B beating expectations of $141.6B
INTC Rev $14.2B vs Est $13.54B EPS of $0.41 vs Est $0.22
Forecast: Q4 Rev $14.6B to $15.6B, Est. $14.35B Q4 EPS $0.44 vs $0.31 Est
INTC up 8% AMZN up 3.5%
Let's see how we all do tomorrow.
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