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  • jimsmith177@ymail.com jimsmith177 Oct 6, 2012 9:05 PM Flag

    Should be up signifigantly on Monday-Id say at least $20-rumor was grossly false that strike had shutdown plant

    You are right
    Chart looks terrible
    support at 630?

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    • Perhaps 630. Will have to look at it closer. Charts still not the entire picture. I mentioned Goog before...the big deal there, especially this week is that Goog has its Earnings. I suspect many will not want to be in Goog, especially as it trades at its High end right now. I look for the beginnings of a switch back into Aapl...these lower price levels are a no-brainer for those wanting to take profits in Goog now, and pick up cheaper shares in Aapl, in one fell swoop.

      A contention of mine has been the lackluster PPS action with Aapl for those dramatic 20 point Up days. We have not seen that since Spring. Now at the higher price levels, 20 points is not much of a percentage.

      So I do look for a gain, but it is not going to be all that dramatic. I am also suspect that some Share buyback has already occurred...that is more of a floor, not a boost in PPS. I will save more on that in another Post.

 
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