Not good that we broke 22.80 on a big market up day. Not good at all... If we break the 22.28-22.52 range then a big pullback is in store. They are probably just shaking out the weak hands...probably,
Bust through, we take out 52 week high and quickly run above 24! I didn't think we would test it today but we already did. We need to push hard as we approach, it's gonna be tough but we can break thru if we get any positive news... More positive that is since most of the news has been positive. On the down side we cannot go thru 22.80! That would be very negative short term. GL
Also the SA report just out didn't help.
Strong strong move
Still bullish, all is good! But it needs to hold 22 if 22.30 fails, 22.80 is temporary resistance.
Looks like they're trying to shove it down this morning to test support. If it holds 22 it should recover during Santa clause rally and window dressing. Should see 52 week high by end of year and 25 ish prior to earnings
They did the same thing with twtr and goog. It is fun to watch them manipulate the trades to hit the number. Took many years to figure it out but I don't get burned anymore. They tried a head fake on google to scare the 1065 guys but shookem out and ran it to 1070. The calls doubled in the last five minutes. Nice 110 percent gain during the last few minutes. AAPL should hit 52 week high next week and make a run at 580. GL
It did indeed hit 3.54 on that date and really its no big deal, the fact that things have progressed nicely since then coupled with the high recent volume indicates to me that.... in fact there will be some resistance at this level, once driven through, it will act as support and should propel us to new highs.. Multiple option buys the last few weeks is also a good indication that by this Spring investors are looking for the news to be rather good. it could fail at the 3.50 level, but watching biotech lately, OXBT for example and KERX for another, the move will be quick and violently UPWARD once it clears.. Hand on enjoy, maybe this will be the start of a long upward track. GL
How did u figure 60 percent of float was shorted when they short into an uptick in goes back down?
sorry, not this week, not this month. probably 15-18 months out and at a much higher price.... 50-55, pennies to the two big boys of checking them out.
Why would you do that? Company is awesome on its own they don't need people making things up for them... or was it just for you You lose credibility when you spread falsehoods.
On the other hand, the MM could be trying to shake out the weak hands before letting the stock run to new highs. Everybody knows this company is in the sweet spot and its just a matter of time before the buying starts. Remember, you can't fight the tape and if the market is preparing for a correction then everything will be sold.
The breakout technically failed....lots of volume and sold off ever since the open after earnings. Never even got close to the highs after hours. If we don't have a reversal soon on big volume then it will take another great quarter for the street to realize that this company is real competition for IBM and Oracle. I wouldn't be suprised to see consolidation here for a few months then either a breakout to the highs or a possible buyout. The market cap is chicken feed to the big boys. If we break 25.24 today then I see us heading lower in the short term. Like I said, very positive long term, but looks like short term pain. GL