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Post by phoebear611 on May 23, 2013 2:10:54 GMT -8
Well - yesterday's reversal in the S&P has caused havoc throughout international markets. Overnight China PMI came out at 49.6 (est. were 50.4) suggesting contraction. Japan down over 7.32%...Europe down ... I don't know why Fed Governors don't keep silent. Each time one says something for or against an early taper, markets fluctuate wildly. It didn't help that Bernanke read his comments - and markets soared - then answered questions - and market plummeted. Insanity, volatility.....let's see which Fed Governor comes out today to clarify, if at all. This market could be setting up for a swing trade of sorts. Ah yes....red AAPL today in PM along with all else.
PS - FYI: 8:30 Jobless Claims today -- and I believe Mfg. PMI comes out this morning as well.
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Post by wheeles on May 23, 2013 2:18:40 GMT -8
Yep, not looking too bullish right now.
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Post by lovemyipad on May 23, 2013 3:00:34 GMT -8
Timber!
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aapldamus
Member
"Miss Cleo ain't got NOTHING on me!"
Posts: 64
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Post by aapldamus on May 23, 2013 4:40:55 GMT -8
A great fall in front the bell, howls, screams, and hell. Severity of the distance, unknowing.
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Post by macwire on May 23, 2013 4:43:12 GMT -8
Well off lows for the futures anyways...willing to bet a lot of people are going to think long and hard about holding a bag over a extended weekend.
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Post by terps530 on May 23, 2013 5:28:50 GMT -8
should be a wild open across the board. timber followed by afternoon recovery, or timber followed by timberrrrrrrr edit: or not too wild lol
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Post by lance on May 23, 2013 6:13:47 GMT -8
As expected continued sideways trading as BB tightens. AAPL looks poised to develop more strength and reisstance as 100 day and 50 day slowly begin to creep under the stock price. Very positive session.
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Post by twrx on May 23, 2013 6:13:59 GMT -8
Except for the aapl tree ;D, at least for the time being. Buy back kicks in?
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Post by sponge on May 23, 2013 6:15:23 GMT -8
Nice recovery. Bodes well for tomorrow
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Post by macwire on May 23, 2013 6:17:24 GMT -8
Nice price action and relative strength.
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Deleted
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Post by Deleted on May 23, 2013 6:44:28 GMT -8
A great fall in front the bell, howls, screams, and hell. Severity of the distance, unknowing. I fell asleep in front of the TV last night, and of course didn't set my iPad alarm clock. Ergo, I slept in an extra 90 minutes. Glad I did, because I missed the angst having checked in AFTER AAPL retraced >$11.00 off its intraday low. Talking with a friend last night (also an AAPL trader) he pointed out that AAPL is trading in a broad channel, which translates to potential for $15-$20 intraday swings, WITHOUT IMPLYING A DIRECTION CHANGE. Today is a good example of that. Friday's, on the other hand, have not been my friend. So, an order has been placed to Close my stink bid $430/$435 BCS (purchased Monday at the Open for $2.33) for $4.80. Almost got it a few minutes ago.
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Post by macwire on May 23, 2013 6:47:08 GMT -8
A great fall in front the bell, howls, screams, and hell. Severity of the distance, unknowing. I fell asleep in front of the TV last night, and of course didn't set my iPad alarm clock. Ergo, I slept in an extra 90 minutes. Glad I did, because I missed the angst having checked in AFTER AAPL retraced >$11.00 off its intraday low. Talking with a friend last night (also an AAPL trader) he pointed out that AAPL is trading in a broad channel, which translates to potential for $15-$20 intraday swings, WITHOUT IMPLYING A DIRECTION CHANGE. Today is a good example of that. Friday's, on the other hand, have not been my friend. So, an order has been placed to Close my stink bid $430/$435 BCS (purchased Monday at the Open for $2.33) for $4.80. Almost got it a few minutes ago. Exactly. Until aapl proves relative strength I am also in a don't look a gift horse in the mouth too long mode if I go long. It's a short swing only.
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Deleted
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Post by Deleted on May 23, 2013 6:56:22 GMT -8
Today is a classic Gap 'n Crap.
AAPL gapped down at the Open more than $5.00, suggesting the Bears had wrestled control from the Bulls.
But the Bulls immediately went on the offensive, closing the gap within minutes on their way to setting an intraday high of $446.16, before falling into an apparent trading channel of $442.50/$445.00 (both higher than yesterday's Close).
I should point out that the day is young and anything is possible, but at this juncture I feeling relatively calm.
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Post by mtjs on May 23, 2013 7:07:22 GMT -8
Anyone seen HPQ go up 15%
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Post by sponge on May 23, 2013 7:10:54 GMT -8
Anyone seen HPQ go up 15% Crazy market While CRUS is down 14%
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Post by mace on May 23, 2013 7:35:07 GMT -8
Anyone seen HPQ go up 15% Crazy market While CRUS is down 14% So long GOOG is down, I'm ok.
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Post by sponge on May 23, 2013 8:45:26 GMT -8
Once again. The more the market recovers the weaker we get.
Three more quarters of flat or small growth is what the market sees. That is why we are weak.
Can't wait for WWDC, although we may have to wait until next year for big software and really new products.
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Mav
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Post by Mav on May 23, 2013 8:46:15 GMT -8
Yawn.
Volatile, yet quiet. Hmm.
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Mav
Member
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Posts: 10,784
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Post by Mav on May 23, 2013 9:14:59 GMT -8
iPad, just for learning purposes...at what level is H&S for LNKD "invalid"?
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Post by mace on May 23, 2013 9:28:11 GMT -8
The reason for the decline is the rumor that Apple plans to replace Gorilla glass with Sapphire.
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Post by moltenfire on May 23, 2013 9:38:13 GMT -8
The reason for the decline is the rumor that Apple plans to replace Gorilla glass with Sapphire. Won't Corning be the one affected, rather than Cirrus Logic, the maker of audio chips?
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Post by lance on May 23, 2013 9:47:42 GMT -8
On pace for a 4th straight close within a 2+ dollars.
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Deleted
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Post by Deleted on May 23, 2013 9:51:18 GMT -8
Today is a classic Gap 'n Crap. AAPL gapped down at the Open more than $5.00, suggesting the Bears had wrestled control from the Bulls. But the Bulls immediately went on the offensive, closing the gap within minutes on their way to setting an intraday high of $446.16, before falling into an apparent trading channel of $442.50/$445.00 (both higher than yesterday's Close). I should point out that the day is young and anything is possible, but at this juncture I feeling relatively calm. After a near day long battle, it appears that the Bears have regained control. AAPL now down for the day. I missed my sell order by 5¢ earlier in the day. I hate it when that happens.
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Post by lance on May 23, 2013 10:23:38 GMT -8
Doug Kass bought AAPL today as he said on CNBC @ 443. We shall see how long he holds it.
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Deleted
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Post by Deleted on May 23, 2013 10:33:07 GMT -8
Doug Kass bought AAPL today as he said on CNBC @ 443. We shall see how long he holds it. What a putz. If he wanted to buy he could have purchased AAPL for under $440 at anytime during the first 35 minutes of today's session. Assuming he only bought 100,000 shares (he's a small time player with a big mouth) he could have saved more than $300,000 on his purchase. That wouldn't be a bad payday for a YEAR.
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Post by archibaldtuttle on May 23, 2013 10:46:05 GMT -8
AAPL leading the way up now!
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Post by sponge on May 23, 2013 10:52:10 GMT -8
If we close above 445 then we could have a very nice move upward tomorrow. I am rooting for that close.
Given how we have been acting , we will be lucky to close above 440 however.
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Post by appledoc on May 23, 2013 11:09:26 GMT -8
Doug Kass bought AAPL today as he said on CNBC @ 443. We shall see how long he holds it. What a putz. If he wanted to buy he could have purchased AAPL for under $440 at anytime during the first 35 minutes of today's session. Assuming he only bought 100,000 shares (he's a small time player with a big mouth) he could have saved more than $300,000 on his purchase. That wouldn't be a bad payday for a YEAR. This makes no sense. He has conditions for entry. They were met and he purchased.
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Post by mace on May 23, 2013 11:22:59 GMT -8
The reason for the decline is the rumor that Apple plans to replace Gorilla glass with Sapphire. Won't Corning be the one affected, rather than Cirrus Logic, the maker of audio chips? Sleeping on the wheel. CRUS decline because of margin pressures forecast by its CEO.
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Post by prazan on May 23, 2013 11:42:11 GMT -8
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