|
Post by CdnPhoto on Jun 22, 2024 3:54:53 GMT -8
A drop of exactly $5, knocking out all the Calls above that point. Same as last week.
Oh well. I'm hoping we have the opportunity to breakout here and climb higher. Cheers to the longs.
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
|
Post by Dave on Jun 22, 2024 5:52:25 GMT -8
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
|
Post by Dave on Jun 22, 2024 5:56:43 GMT -8
|
|
|
Post by CdnPhoto on Jun 22, 2024 7:53:18 GMT -8
I believe there were reports Apple was talking to Baidu about using their AI.
|
|
|
Post by hledgard on Jun 22, 2024 18:54:36 GMT -8
Any more info on Baidu would be welcome.
I still think AI is overrated. There is already a great deal of deduction in what Google and Apple do with queries (spelling correction, interpretation options, rewording). Ai adds another dimension, but with the risk of false or misleading outcomes.
As for the attempt in AI to write letters or essays or text, not I. Any of one's own personality, style, or quips -- maybe. But perhaps I need to see more.
On another channel, keeping the market open in China appears to be very important.
|
|
|
Post by Luckychoices on Jun 22, 2024 21:37:28 GMT -8
I still think AI is overrated. There is already a great deal of deduction in what Google and Apple do with queries (spelling correction, interpretation options, rewording). It's fine that you think AI is overrated...but as you know, the market usually/always reacts before all the facts are in...people invest their money ASAP and take their chances in order to get invested early in *potential* winners. And, as you're also well aware of, many people believe AAPL/Apple is overrated...but a large number of us hold the stock because we believe otherwise. Ai adds another dimension, but with the risk of false or misleading outcomes. True...but I'm sure you're aware that there's *already* a tremendous number of false and misleading websites.
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,313
|
Post by Dave on Jun 23, 2024 8:34:29 GMT -8
|
|
4aapl
Moderator
Posts: 3,845
|
Post by 4aapl on Jun 23, 2024 12:06:33 GMT -8
A drop of exactly $5, knocking out all the Calls above that point. Same as last week. Oh well. I'm hoping we have the opportunity to breakout here and climb higher. Cheers to the longs. Were the options open interest huge? Stock volume was nearly 4 times the average. It seems like all of that index rebalancing could have happened in the last 10 minutes, and maybe a lot more. If I had some dividends that didn’t get auto reinvested and wanted them in, I’d be tempted to place a premarket order. I wouldn’t be surprised with that volume pulling the price down on Friday, for the spring to release at open. But that’s a guess just for fun, on a quick 1%.
|
|
|
Post by CdnPhoto on Jun 23, 2024 15:46:11 GMT -8
Were the options open interest huge? There was a lot at the $210 mark. 36K Puts and 41K Calls. I didn't note the 207.50 calls and puts.
|
|
mark
fire starter
Posts: 1,624
|
Post by mark on Jun 23, 2024 18:37:41 GMT -8
One thing that is kind of hilarious is that XLK had to complete their rebalance by Friday, and presumably they did. However, even before the deadline, Nvidia slipped back to third place in market cap again!
Is "had to complete" actually correct? I can't find any definitive info.
They really need to change those ridiculous rebalancing rules. At least apply some hysteresis to the prices so that the rebalance only occurs if there is a persistent change in positioning of top market caps over an entire quarter. Abrupt changes are essentially nonsensical as we've just witnessed. I don't know exactly how they would do it, but maybe something like quarterly average market cap in addition to end market cap, or something similar.
|
|
4aapl
Moderator
Posts: 3,845
|
Post by 4aapl on Jun 24, 2024 9:28:49 GMT -8
One thing that is kind of hilarious is that XLK had to complete their rebalance by Friday, and presumably they did. However, even before the deadline, Nvidia slipped back to third place in market cap again! Is "had to complete" actually correct? I can't find any definitive info. They really need to change those ridiculous rebalancing rules. At least apply some hysteresis to the prices so that the rebalance only occurs if there is a persistent change in positioning of top market caps over an entire quarter. Abrupt changes are essentially nonsensical as we've just witnessed. I don't know exactly how they would do it, but maybe something like quarterly average market cap in addition to end market cap, or something similar. I read an article on it. I think it was one of those things that you never really expected to happen and so the wording or thought wasn’t perfect. Something like if the top three or five stocks are more than 50% of the index then adjust the ones that earn at the top, two smaller percentages. The general idea was not being overly concentrated in the very top stocks if they make up too much of the overall ETF, and so adjust some of their positions lower than the index otherwise would have them. I forget if it was on quarterly valuations or monthly. Either way there’s some lag time. I considered playing it for a couple of points. But I didn’t bother.
|
|
|
Post by Lstream on Jun 24, 2024 13:29:01 GMT -8
I still think AI is overrated. There is already a great deal of deduction in what Google and Apple do with queries (spelling correction, interpretation options, rewording). Ai adds another dimension, but with the risk of false or misleading outcomes. What is your proposed course of action that you think Apple should take, given your ‘overrated” POV?
|
|