I there any chance at all that they'll announce a dividend increase or buyback that the street will think is insufficient and the stock sells off? Seems like many here think that if one or both of these things do in fact occur the stock will go to the moon,but Mr. Cook has the habit of disappointing shareholders often.
The rally seemed to lack conviction,with volume being just 14M. Thoughts?
You're on the beam skre ,on all counts
Went through $821.50 though on volume,not good.Technicians will wait.Needs to close above open which would be a big comeback from here as it closed yesterday under 10 day SMA. Good luck to all.
Hopefully will close higher (Thursday),if not and it pierces $821.50 on down volume it's hard to know where the next level of support is. Some say $705. Good luck to all.
will happen today.Technical buyers waiting for $821.50 to print.Good luck to all
will be filled today.Technicians have been waiting on this $821.50 to $828.93 to fill and have been shorting with impunity since that window opened
First off, I hope you and everyone else here makes money,no matter what your position is. I'm a novice technician,I basically confirm my observations with other real chart types as I trade this stock both long and short.Day before yesterday the chart was a dark cloud cover which needed confirmation to be a sign of a pullback.Yesterday was a spinning top which means indecision, the stock could go either way today,as today is the confirmation day.IMO a gap up or gap down always leaves the threat of that window being closed.Good luck to all.
A lot of chart folks are calling the gap up on the fifth an exhaustion gap and the chart pattern yesterday a bearish cloud cover. Both of these are what they sound like. If the stock doesn't push through it's high of between $840-$844 on volume it will fill the $822-$829 gap. If it breaches the gap to the down side on volume it will be looking for for it's next level of support, which many say is in the the $705-$710 area.Trade careful today.GLTA
Agreed.Rationale:The big traders locked in their profit yesterday and Monday,especially those who sold March 8th calls between $820-$840 which will expire worthless if it closes at $820 or below,which means a 100% gain for them on the calls they sold. There's no incentive for them to run the share price up further this week.,IMO.
Beige Book numbers also to be tomorrow mid morning. I wonder how the Sequester issue affected hiring and commerce?
Test
2/16 should have been noted as 3/16 in my post
Hi Carson, I think this is a great short,but IMO for option swing trades only. I closed my 2/16 $800 calls late in the day today and went short via 2/16 $800 puts.Yesterday the stock closed below the 10 day EMA which was a terrible sign in an up market.The chart looks tired and it seemed today like it was driven up and supported by the upgrades and a lot of retail buyers who may slip out from under the upgrade and press ether on a downturn.I believe today's volume confirms that suspicion.It's interesting how the number of $800 contracts for 3/16 was about equal for both the puts and calls.Unless it breaks out above or below its recent $790-$808 trading range I think you can buy calls when the RSI hits 30 and buy puts when the RSI hits 70 and make money.
The ML upgrade today is a big event and will have a much more found affect on the share price than the Sequester will. The chart action yesterday was a sell signal to many.I think a lot of short sellers will be caught flat footed today
Thanks for your input betcha.I agree a run to the $900 level short term is unlikely and the market overall looks toppy. Google looked very toppy today and acted peculiar.It didn't follow the NAZ up ,and it also seemed to not have pricing strength,the bid was getting hit more than usual. If the volume would have been big it would have been a bad sign IMO.I see now after charting the 10 EMA how it broke that support and even closed under it.I swing trade near term options,both calls and puts,I try to buy them cheap and sell them them for a few hundred dollars more in a day or two.It takes staying with the tape for most of the day but has worked great.
Thanks again for your post. Any technical advice on swing trading calls would be appreciated.
Unusual trading today.It looked like good consolidation as we closed so close to yesterdays close under a lot of selling pressure. What chart range shows the Bull flag? TIA
What X date did you buy? TIA
Well they didn't miss,as I was expecting due to the huge down volume before earnings.To be honest,I didn't dissect the report market,but seeing the action afterwards obviously the market did and liked what they saw. PPP showed great.strength today in a real ugly market. Seeing the RSI is near a 52 week low I'm thinking that taking on most any size position is safe,unless there's a fly down deep in the ointment.I also think there so cheap one of the majors may make a play for them Sorry for the delay in my reply,I've been busy swing trading Google options.GLTA
Maybe....I saw this stock posted on another message board as an after the fact double.I'm sure it's being touted elsewhere.