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Post by CdnPhoto on Jun 8, 2024 3:23:14 GMT -8
Great week, going in to WWDC.
A lot of hype in the media on what will be announced. Do we get a "Sell the News" effect? It think we will, but recover and climb over the next couple of weeks.
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4aapl
Moderator
Posts: 3,845
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Post by 4aapl on Jun 8, 2024 12:10:22 GMT -8
Here's a couple of slightly related articles I thought were interesting. Google cut Uncle Sam a $2 million check so it could avoid a jury trial. A judge just agreedTitle says most of it. With the recent article of the DOJ going after AI companies, it seems like they are going after many. I hate things settling to avoid court or in this case a jury, but at the same time if Apple had anywhere close to this low of a settlement, the smart move would be to take it. GameStop meme lord behind stock’s wild moves reveals himself after three yearsI really don't follow the whole meme stock thing much, but it is interesting as a glimpse into where some of the market psychology is. And with that mindset, I watched Dumb Money last night. It wasn't the best, but did give a lot of background and thoughts that are probably mostly true. There was a lot of pushing the class warfare, of that wallstreet and bankers were unjustly getting tons of money, reaping it from the government bailouts or normal people's accounts. But it was also a bit of the occupy movement coupled with the dot com or even bitcoin bullish runs. And with the numbers they gave, basically a 4x increase in 6 months, and a 20x increase on the stock at the peak, I can see how things can get so riled up. Especially if you add in options or margin. Watch it as a cautionary tale or a reminder. Be prepared for vulgar music, and wall street bets comments and videos. That was more of a side thing, but made the subtitles tough to read as it went back and forth between being the movie words and the music lyrics. Gordon Gecko or the housing panic movies are better, but if you need some variety and want some context for the meme thing, this does pretty well. Happy weekend everyone! And be prepared for volatility next week, that likely won't match up with the longer term directionality of Apple and AAPL.
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