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Post by phoebear611 on Feb 21, 2014 4:05:48 GMT -8
Good morning and happy Friday
Futures looking green this morning as does AAPL in PM. It's Friday so expect some PIN action but OTOH several out there (technicians) are thinking we can pop 1-2% here today. Nonetheless we are one week away from the shareholder meeting which I do not believe anyone has any expectations whatsoever of any news worthy announcements coming from it...so a bit irrelevant I guess. Would be nice if they shed a little light on CHL numbers or throw us a bone on anything at this point but highly doubtful.
In other news, US women's hockey lost to the Canadians in a game that some see as a colossal implosion by the US. As you can tell from many of my posts, I am a sports fan in general and the game captured my attention. You cannot let your guard down and venture to think you have a game "in the bag" especially when you are up against a formidable opponent. Furthermore, you cannot lose your intensity or you're screwed! You are allowing the other team to capture the momentum - and as we all know, in sports or in the markets - momentum often wins the game. Well, let's see what the boys have to deliver at noon today in their game (semi-final) versus Canada at noon. Why am I bringing up sports?....Well AAPL doesn't really have anything exciting or in the news this morning so hey, why not?
Oh one piece of news...Steve Jobs is going to be remembered in a commemorative stamp in 2015. That's pretty cool. It will probably outlive the US Post Office at this rate.
Cheers to the longs!
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Post by qualitywte on Feb 21, 2014 5:41:06 GMT -8
Carolina beat Duke!
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Post by artman1033 on Feb 21, 2014 5:53:08 GMT -8
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Post by artman1033 on Feb 21, 2014 6:31:16 GMT -8
Don't believe everything you read or view on the internet.
When you look at the whole video, you will see the expense that was made to make it realistic to the folks in Sochi.
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Post by qualitywte on Feb 21, 2014 7:11:00 GMT -8
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Post by Deleted on Feb 21, 2014 7:28:48 GMT -8
Go Canada Go
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Post by macwire on Feb 21, 2014 8:07:28 GMT -8
Respect the gravestone doji! Hoping we can hang around here.
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Post by artman1033 on Feb 21, 2014 8:10:15 GMT -8
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Post by rickag on Feb 21, 2014 9:24:23 GMT -8
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Post by phoebear611 on Feb 21, 2014 9:37:41 GMT -8
Please pardon that this article is from Business Insider - which for the most part is a rag and we all know about the history of its founder - HOWEVER - I respect Eric Jackson and this just summarizes it neatly. Basically it's what the street seems to be feeling about Apple these days: www.businessinsider.com/apple-needs-to-be-aggressive-2014-2
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Deleted
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Post by Deleted on Feb 21, 2014 9:43:29 GMT -8
Does that even matter? Has it been shown to be a positive sign...and how does it even work? With everyone who "buys on weakness" theres another whos "selling on weakness".
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Deleted
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Post by Deleted on Feb 21, 2014 9:46:58 GMT -8
Please pardon that this article is from Business Insider - which for the most part is a rag and we all know about the history of its founder - HOWEVER - I respect Eric Jackson and this just summarizes it neatly. Basically it's what the street seems to be feeling about Apple these days: www.businessinsider.com/apple-needs-to-be-aggressive-2014-2I don't remember the last time Apple did anything Wall Street would clarify as aggressive. It's time for a new product already...it's been almost 5 years now. They must have tens of thousands of the best Engineers around. It's getting a little frustrating waiting for them to do something while all their competitors are making acquisitions and releasing new products.
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Post by mace on Feb 21, 2014 10:06:25 GMT -8
FWIW, bullish divergence developed. Hopefully, this means rally resumes next week. Bullish divergence in short-term may not mean resuming of the multi-week rally, could merely mean a short-term rebounce, commonly known as dead-cat bounce.
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Post by phoebear611 on Feb 21, 2014 10:33:47 GMT -8
Please pardon that this article is from Business Insider - which for the most part is a rag and we all know about the history of its founder - HOWEVER - I respect Eric Jackson and this just summarizes it neatly. Basically it's what the street seems to be feeling about Apple these days: www.businessinsider.com/apple-needs-to-be-aggressive-2014-2I don't remember the last time Apple did anything Wall Street would clarify as aggressive. It's time for a new product already...it's been almost 5 years now. They must have tens of thousands of the best Engineers around. It's getting a little frustrating waiting for them to do something while all their competitors are making acquisitions and releasing new products. I believe THAT was indeed the spirit of the article and the commentary ... not so about aggressiveness as DO SOMETHING for the love of God! I agree with you.
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Post by zzmac on Feb 21, 2014 10:40:29 GMT -8
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Post by Deleted on Feb 21, 2014 10:44:16 GMT -8
I missed an opportunity to visit Apple in Cupertino yesterday. Has anyone stopped by the Company store or can offer points of interest the next time I'm near the campus?
Wall Street doesn't care about valuation, only about making money off the labor of others. The banks with their ridiculous price targets can move the stock, but no one questions the basis of their upgrades or downgrades. I noted with interest that lots of puts were purchased Mon (or Tues) at the $550 strike -- more than I think was justified by the price action of that particular day. Then a day or two later, a downgrade from WS veteran Ben Reitz (sp?). Some people made a ton off those puts acquired just prior to the downgrade. Excuse my being tempted about writing the SEC ...
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Post by rickag on Feb 21, 2014 11:05:49 GMT -8
Does that even matter? Has it been shown to be a positive sign...and how does it even work? With everyone who "buys on weakness" theres another whos "selling on weakness". It's just another indicator. It just measures the ratio transactions on the uptick compared to the down tick. I just thought some people would be interested.
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Deleted
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Post by Deleted on Feb 21, 2014 11:26:26 GMT -8
But the biggest news of the day...Canada Wins!
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JDSoCal
Member
Aspiring oligarch
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Post by JDSoCal on Feb 21, 2014 12:10:03 GMT -8
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Post by nwjade on Feb 21, 2014 12:30:51 GMT -8
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Post by Volvocoupe on Feb 21, 2014 13:24:42 GMT -8
But the biggest news of the day...Canada Wins! Now just the Swedes to go and then another Hockey Gold baby!!!!!
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Post by lovemyipad on Feb 21, 2014 13:33:07 GMT -8
FWIW, bullish divergence developed. Hopefully, this means rally resumes next week. Bullish divergence in short-term may not mean resuming of the multi-week rally, could merely mean a short-term rebounce, commonly known as dead-cat bounce. +1 Ideally, SMA-20 (here) holds as support, at least on first test...
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Post by lovemyipad on Feb 21, 2014 13:34:39 GMT -8
insert code here Does that even matter? Has it been shown to be a positive sign...and how does it even work? With everyone who "buys on weakness" theres another whos "selling on weakness". It's just another indicator. It just measures the ratio transactions on the uptick compared to the down tick. I just thought some people would be interested. I'm interested. Thanks for posting!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Feb 21, 2014 13:37:11 GMT -8
But the biggest news of the day...Canada Wins! Now just the Swedes to go and then another Hockey Gold baby!!!!! I'd express my umbrage to all these foreigners touting their hockey victories, but I am paralyzed by deep feelings of apathy and indifference.
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Post by phoebear611 on Feb 21, 2014 14:38:48 GMT -8
Now just the Swedes to go and then another Hockey Gold baby!!!!! I'd express my umbrage to all these foreigners touting their hockey victories, but I am paralyzed by deep feelings of apathy and indifference. I have enough enthusiasm for both of us JD ~ sorry but I need to cheer for Sweden since Canada had the nerve to beat the US and Sweden's goalie is a NY Ranger....and a bit of eye candy.. Mr. Lundqvist
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Post by Volvocoupe on Feb 21, 2014 14:41:48 GMT -8
I'd express my umbrage to all these foreigners touting their hockey victories, but I am paralyzed by deep feelings of apathy and indifference. I have enough enthusiasm for both of us JD ~ sorry but I need to cheer for Sweden since Canada had the nerve to beat the US and Sweden's goalie is a NY Ranger....and a bit of eye candy.. Mr. Lundqvist JD and Pho, sorry about that. I will be up at 4 in the morning on Sunday to watch.
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stub
Member
The fix is in. Be patient. Don't panic.
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Post by stub on Feb 21, 2014 16:12:33 GMT -8
Apple said they bought $14B in the 2 weeks post earnings but...
really they only bough $2B and the other $12B was bought by Apple from some un mentioned Investment Bankers.
The average stock price that Apple purchased those back at is approximately $505/shr, or there abouts.
So when did (or will) that other $12B get in at a price that's close to that.
The Investment Bankers get paid a fee for selling the $12B in stock to Apple at that low stock price, but still they want to purchase at around what Apple purchased theirs for, so that the deal is profitable for them.
Was this pull back is academic / planned.
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Post by rickag on Feb 21, 2014 16:48:45 GMT -8
insert code here It's just another indicator. It just measures the ratio transactions on the uptick compared to the down tick. I just thought some people would be interested. I'm interested. Thanks for posting! You"re welcome. If I am understanding correctly, buying on weakness could indicate institutonal buying since it means the dollar amount purchases on upticks is greater than down ticks. For this to happen, especially when the stock continues downward, large purchases must be happening on upticks. When these large purchases stop and volume declines smaller dollar amounts of transactions are occurring and the stock price continues down. Scanning over to the block purchases which can make up a very large % of the total would mean even greater probability of institutional buying. For example Amazon today continued down, yet the dollar amounts on up ticks was higher than down ticks and block purchases outside the open market at one point was about 1/3 of of the total dollar volume of the total transactions if memory serves.Of course there are other explanations, but it could be an indicator. That's my story and I'm sticking to it.
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Post by appleaddict on Feb 21, 2014 17:05:44 GMT -8
insert code here I'm interested. Thanks for posting! You"re welcome. If I am understanding correctly, buying on weakness could indicate institutonal buying since it means the dollar amount purchases on upticks is greater than down ticks. For this to happen, especially when the stock continues downward, large purchases must be happening on upticks. When these large purchases stop and volume declines smaller dollar amounts of transactions are occurring and the stock price continues down. Scanning over to the block purchases which can make up a very large % of the total would mean even greater probability of institutional buying. For example Amazon today continued down, yet the dollar amounts on up ticks was higher than down ticks and block purchases outside the open market at one point was about 1/3 of of the total dollar volume of the total transactions if memory serves.Of course there are other explanations, but it could be an indicator. That's my story and I'm sticking to it. Thanks Rickag. I've been checking that page regularly since you posted previously. Wasn't sure what to make of it, but it is another data point to consider.
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