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Post by CdnPhoto on Jun 3, 2024 3:11:53 GMT -8
AAPL is currently trading at $192.94 +0.69 (+0.36%) RSI is 67.29
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Post by CdnPhoto on Jun 3, 2024 3:15:40 GMT -8
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Post by CdnPhoto on Jun 3, 2024 7:30:02 GMT -8
What just happened? ![](https://i.postimg.cc/VsRZ5y5q/Screenshot-2024-06-03-at-11-28-24-AM.jpg)
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jun 3, 2024 7:34:31 GMT -8
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Post by duckpins on Jun 3, 2024 8:42:38 GMT -8
Noted couple of my stocks and etf's hit by this "technical issue". DFEN still down to pennies. Makes one wonder. Why are all the stocks hit going down? If some random technical problem wouldn't they move randomly?
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jun 3, 2024 9:26:30 GMT -8
Noted couple of my stocks and etf's hit by this "technical issue". DFEN still down to pennies. Makes one wonder. Why are all the stocks hit going down? If some random technical problem wouldn't they move randomly? Random means different things to different people and in different situations. Often we expect order in our randomness, or rather the lack of any order. But we see shapes in the clouds. We look for order or patterns.
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Post by CdnPhoto on Jun 3, 2024 9:26:30 GMT -8
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jun 3, 2024 14:28:31 GMT -8
Positive!I've yet to really see why year to date numbers are thrown around so often and are a choice on charts. It seems so arbitrary, where it could be one trading day in or just before the close of the year. It seems mostly just a headline grabber to throw out there. And so here we have our headline: Apple Turns Positive for 2024 After Addressing Key Bear ConcernsI really expected AAPL to be in the 210-220 range by this point of the year. But I can understand reasoning for the path it has taken, due to basically flat sales/earnings, or thereabout. It's too easy to just think longer term, while some of these thing matter, because there's always a chance that they turn worse. I don't really think of this ~194 level as an important level, instead thinking about an ATH, then 205 or even 210. But this is the first step. I do wonder what the next 2 weeks will bring. The leaders to these events all vary a bit, partially on what is announced, but also the general market, and the lead up to the event. I don't really have a good guess for this one, but one scenario I could see is things going up beforehand, then backing off with good announcements but not wildly earth shattering stuff, and then a week later things climbing back upwards as people digest the news and analysts remind people that this is how Apple works, and that the announcements are a good solid push forward that will keep sales moving upwards. Anyone have another guess? (EDIT: I don't really remember it, but my notes say I sold some shares on 6-30-23, for $193.94. So today is basically where it was ~11 months ago. Without really meaning too, I've bought a little more than the same number of shares back since then, at an average of around $175. So we have been here before...but that's just fine. Things got a little ahead of themselves for AAPL and the market there for a bit coming off of the low, but the consolidating and regrouping means that future growth on good earnings or outlook is off of a much more solid footing)
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