Last year AAPL fans talked a lot of AAPL@$1000 price target, GOOG did it first.
APPL chart tells all Apple story:
“Apple Stock Forecast Based On Algorithm: Chart Of Last 12 Months Predictions”.
Good reason to be nervous about Google at these levels.
If it can't hold $974, then there is no reason to be long on this stock.
Consolidation must break out to the upside here otherwise that $974 will come into play very quickly and if breached, you have to take your profits on the trade.
Google reportedly set to ramp Glass production:
The FT reports Google is planning to substantially increase Glass production volumes going into Christmas. Existing Glass owners (of which there are currently only ~10K) will be able to invite a small number of friends to buy the headgear.
Google has acquired FlexyCore, a French developer of software for OEMs/carriers (known as droidBooster) that optimizes/improves Android hardware performance.
A local paper reports the purchase price was $23.1M.
Developers have often argued Android's use of a virtual machine (Dalvik) to translate Java code hurts its CPU resource efficiency relative to iOS, which in turn hurts battery life. FlexyCore could help address this issue.Other recent Google mobile acquisitions: Flutter, Bump, Wavii, Behavio, Waze
Apple has scheduled a product-announcement event for tomorrow. A 13-inch iPad that is a replacement for full-fledged laptops. The technical setup in Apple stock is such that the stock can easily rocket to $600 and beyond.
Google, Facebook reach display ad deal:
Facebook's FBX exchange (shows targeted ads on Facebook sites based on non-Facebook activity) will now allow advertisers using DoubleClick's Bid Manager ad-buying platform to purchase ad inventory.