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Post by CdnPhoto on Jun 12, 2024 3:10:12 GMT -8
AAPL is down after yesterday's fantastic day. Currently at $206.16 -0.99 (-0.48%) RSI popped to 75.35 from yesterday's jump.
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Post by CdnPhoto on Jun 12, 2024 3:11:49 GMT -8
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Post by CdnPhoto on Jun 12, 2024 3:13:17 GMT -8
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Post by CdnPhoto on Jun 12, 2024 3:14:30 GMT -8
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Post by CdnPhoto on Jun 12, 2024 3:16:49 GMT -8
Bringing LStream's last post to today's thread: This is from Forbes, who I usually avoid, but it’s quite good. They also want you to disable your ad blocker, but you can read the whole thing if you use Reader mode on Safari. This piece focuses on Apple’s cloud server, which is not getting a ton of airtime. Apple Just Gave Millions of Samsung Users a Reason to Buy an iPhoneFrom John Hopkins crypto expert, Matthew Green Bolded emphasis below is mine I’ve read quite a few pieces now, on the significance of Apple allowing for independent third party scrutiny of its server software and architecture. Seems to be a really big deal, which is the theme of this article..
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Post by CdnPhoto on Jun 12, 2024 4:09:28 GMT -8
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Post by CdnPhoto on Jun 12, 2024 5:40:41 GMT -8
Smells like short squeeze mixed in with FOMO. +$5 at the moment
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Post by hyci004 on Jun 12, 2024 5:42:22 GMT -8
AAPL’s market cap is $3.241T and MSFT is $3.238T. Back at the top again.
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4aapl
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Post by 4aapl on Jun 12, 2024 6:03:07 GMT -8
Anyone know the person who maintains this site? I'm not seeing contact info. (EDIT: found a contact page hidden on the site by adding /contact, but it's iffy if it actually worked and went to someone) Wonder where this ranks for biggest percentage gain in a day? This site tracks the ATH closes, and the all-time high percentage gains. Apparently today was #1 all time. 📈🍻 aaplinvestors.net/stats/rank/The problem here is that it is missing data. One of the high dates, November 10th 2022, is not shown. And Art's screenshot from that date is showing other dates missing. I'm sure it's a simple mistake, like when updating the table at some point part of it was overwritten. At the same time, it's a glimpse into the feelings some have of if data was tweaked. It's only because I have the 8.9% gain day in my notes that I checked up on that date. Otherwise, being over a year and a half back it just blends in to the overall ups and downs. Here'e the list (Art took a screenshot from on) November 10th, 2022. aaplfinance.proboards.com/post/129838/threadOn that list, since the 7 to 1 split, today would rank the 8th highest. I don't see higher days since then in my random notes....seems like it would have been noteworthy if there was a high day. Hopefully the site maintainer will notice that and update it. Or we'll have a string of kick-ass days that just overwrite those high dates anyways. Nice start to the trading day. It's fun to watch the ticker and how it blows through a full dollar level. It makes me think there are lots of limit orders at or just below whole numbers, but too many market orders hitting at once make it pop for a brief second. At the 212 level the quick pop went all the way to 212.40 in the 1-2 second first blast upwards. There went the $215 level. It's starting to touch our end of the year guesses. aaplfinance.proboards.com/thread/3968/aapl-predictions-thread-2024
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Post by CdnPhoto on Jun 12, 2024 6:11:36 GMT -8
I'm sure none of the longs will be upset if I win.
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Post by macster on Jun 12, 2024 6:22:41 GMT -8
My predicted high for the year $215, has been breached I’m happy to say. I’m also happy that those talking heads on Mondays late CNBC afternoon shows analyzing the WWDC presentation were so embarrassingly wrong. Missed their excuses Tuesday afternoon if they had not been fired.
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Post by CdnPhoto on Jun 12, 2024 6:39:27 GMT -8
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4aapl
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Post by 4aapl on Jun 12, 2024 7:23:33 GMT -8
On the short squeeze perspective, it turns out the short interest is very small. Looks like the data is only updated monthly. I expect some people made some bets, similar to the options collars we hear someone report about around most Apple earnings or events. But Yahoo shows it at only 0.65% of float: finance.yahoo.com/quote/AAPL/key-statistics/FWIW GME is listed at nearly 30%, from a month ago when it wasn't yet in the news. As a better comparison, MSFT is 0.59%, GOOG is 0.32%, META is 1.36%, and NVDA is 11.84%. My guess is that especially on some of these large market cap stocks, some big holders choose to offset part or all of their holdings within an index fund. Similar to how Fisher Investments said they would be mostly in an index, and then basically double up on one section of the market they thought would do well, and shrink or remove one section of the market they didn't like. With offsetting long/short positions in this manner you don't have the added costs that doing this through options would have. And yet you can easily capture most of the market thorough an index, and potentially keep your qualified status on dividends or long term status on stocks, depending on the index and if it uses the special tax rules that some have. (And while there are various IRS rules that could be a problem, often the complexities aren't enforced, pretty much because they are too complex. Offsetting positions, in a spread (options long/short) or otherwise (ie stock long/short, or in this case long index, short individual), seem to be that way.) AAPL is doing nicely. With moves like this, it's easy to see how someone could get caught up in it. To the moon!!!
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Post by Luckychoices on Jun 12, 2024 7:25:05 GMT -8
It's still early morning in California, not yet 8:30AM...AAPL's up over 5% and the volume for the day is already 30% above the average volume. I like it! 👍 😎 Cheers to the oh-so-patient AAPL Longs!! ![](//storage.proboards.com/3493312/thumbnailer/JfvGanCI0uuxDbnvhAbD.png)
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Post by sponge on Jun 12, 2024 7:28:31 GMT -8
I doubt anyone thought aapl could go up almost 20 points in two days based on WWDC. I have had to adjust my price target for EOD to 250. WS seems giddy about inflation stabilizing.
Net income is up 6% in 6 months and the stock is up 12% in that time frame. We caught up and exceeded regular fundamentals. We are acting like NVDA without income growth. RSI is very high so we will correct this summer. This is a fast elevator with FOMO momentum will run out of steam. Volume is high so this crazy rally may have a few more legs.
It will be interesting to see what it does after the Fed announcement.
I love ChatGPT and I don't see how Apple Inteligence will get me to switch by using voice commands thru Siri.
If Apple would intergrade Spotlight or search where I don't have to get on the app or the web, then I would be impressed.
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Post by nwjade on Jun 12, 2024 7:52:03 GMT -8
I don't think aapl has ever had such a two day surge. The chart is rocketing straight up with RSI at 80.52 and the 50 day is about to cross up above the 200 day... Wow just wow! Thrilling, now if we could just consolidate for a while at these levels. Well deserved cheers to the longs!!!
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4aapl
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Post by 4aapl on Jun 12, 2024 7:55:12 GMT -8
I have had to adjust my price target for EOD to 250. EOD = End of Day? Wow Sponge, that is aggressive!
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Post by artman1033 on Jun 12, 2024 8:14:36 GMT -8
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Post by firestorm on Jun 12, 2024 8:31:19 GMT -8
Fortunately I got back into AAPL before the recent sudden rise It's still early morning in California, not yet 8:30AM...AAPL's up over 5% and the volume for the day is already 30% above the average volume. I like it! 👍 😎 Cheers to the oh-so-patient AAPL Longs!! View Attachment
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aapl
fire starter
Posts: 267
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Post by aapl on Jun 12, 2024 8:43:11 GMT -8
You meant to type 218.12, right?
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Post by duckpins on Jun 12, 2024 9:47:15 GMT -8
Cramer who is a huge head, talking head, was right. His analysis both yesterday and the day before of the Apple Intelligence effect was illuminating. 4th times the charm for approaching 200. Now everyone is happy but the shorts./
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Post by duckpins on Jun 12, 2024 10:02:04 GMT -8
I have had to adjust my price target for EOD to 250. EOD = End of Day? Wow Sponge, that is aggressive! Eve Of Destruction?
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Post by sponge on Jun 12, 2024 10:10:19 GMT -8
EOD = End of Day? Wow Sponge, that is aggressive! Eve Of Destruction? Typo EOY I am still impressed and shocked with volume. It appears we have retail and institutional on the same page however money flow indicates retail is buying from institutional a little.
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Post by duckpins on Jun 12, 2024 10:25:33 GMT -8
Typo EOY I am still impressed and shocked with volume. It appears we have retail and institutional on the same page however money flow indicates retail is buying from institutional a little. There are many companies where the institutions own a higher % of stock than the do of Apple. There are many who use MSFT computers and android. They do not connect with the Apple values.
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Post by duckpins on Jun 12, 2024 10:27:57 GMT -8
The way the chart is looking there could be more upside before the inevitable down draft. But the downdraft depends on how high apple goes. Now it is looking strong on the charts. Closing near the high is a good sign. So lets see what happens.
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4aapl
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Post by 4aapl on Jun 12, 2024 10:28:12 GMT -8
Just sold ~1% at $217.96. I had picked up "those" shares (not for tax purposes) at $166.99 on 4-23. ~52 points (31%) in under 2 months seems pretty good.
Looks like in total over the last year I added 3.5% to my holdings (and ~30% in the last 4 years), while partially borrowing on margin with a current rate of ~6.5%. It's small money if AAPL is doing well, but a decently big number, especially in times when the stock is flat or down. Due to strange tax laws, you mostly don't write off margin costs unless you are itemizing deductions and you have short term gains (including short calls and puts).
We're going to be out of the country for a bit. This calendar year I plan to cut my borrowing in half or more if AAPL is fairly valued or positively valued. I feel it's around fair valuation right now, but expect it to go up more, especially going into and out of events like July earnings and September iPhone announcements. It's hard to guess at these with any precision, but coming out of a zero growth timeframe it's easier YOY comparisons and there should be a lot of bullishness.
I don't think this is the top, and I've missed out on a buck per share just in the time I wrote this. But nothing ever is timed perfectly, and this is my extra money part of my account rather than the 5-20-50 year portion of it. Unless we're donating them, those shares with a cost basis of $23-$26 are staying around for a while.
Thanks AAPL!
(EDIT: FWIW I was trying to get that in before the Fed, just in case. Apparently things were baked in enough, but there was potential downside, especially with the expected rate cut number going from 3 down to 1. But the market, and AAPL, is holding up fine)
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Post by duckpins on Jun 12, 2024 10:55:44 GMT -8
BRK is not following. This might mean there is a build up of energy for that stock. Will have to go higher if this continues.
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4aapl
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Post by 4aapl on Jun 12, 2024 11:13:38 GMT -8
Just touched above $220!
Nice to have back to back huge green days!
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4aapl
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Post by 4aapl on Jun 12, 2024 12:07:58 GMT -8
Wow!
That last 37 minutes was like watching big waves crash. The power is just impressive!
I always wonder what it takes to move the market like that. Is it one group, selling 10% of the volume in that time period? 50%? 2%? It could be that it doesn't take much to spook the herd.
I don't know where AAPL will go in the next day or week. But my bet is that it will reach a new ATH beyond today's both around earnings time, and around the timeframe of the next iPhone.
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Post by sponge on Jun 12, 2024 13:06:40 GMT -8
I have always noticed a pattern. It grinds up and then takes off for two days.
The last two were a real doozy. We corrected 7 points in 30 minutes at the end of the day. What is even crazier is the /nq went up to ATH in the last 30 minutes. The /se looks like it wants to initiate some profit taking. We will see what excuse the market will have tomorrow.
I would like to see a 4% correction by Friday from today's close , and then we slowly grind back up. How far up we go is hard to see short term.
I was encouraged by the Vision Pro updates. Slowly apple is making it easier to share and control. Before we know it we will all be learning sign language.
Converting existing pictures into spatial is a big deal. They are very cool to look at.
sports on Vision Pro in spatial video is incredible and can't wait to see more content. Also we need a ton more cool games.
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