The volume had trailed off to acutely low levels with low volatility and a narrow range pointing to continuing upside ultimately as there's essentially no selling.
It was clear that in a low volume vacuum, when buyers would normally be forced to pay higher prices for low availability of shares, that the entities responsible for this bear raid controlled the BID - ASK on both sides and walked it down to a level that triggered a stop loss domino effect cascade that essentially filled the gap to the gap up opening price on July 31, the eventual 30% move up on earnings. The reason it stopped there, I'm speculating, is that there are no stop losses between the 52 area and 60, so the road ended there, and based on the limited volume with no detrimental PR release, buyers came in. I added at $60.50 -
My view is that, other than stop losses, this bear raid was under the radar for most longs, and considering the limited additional selling after the initial drop, and the lack of total intraday volume, it's clear that a short entity covered, and / or shares that couldn't be bought long based on the drop off in volume, were accumulated. Day traders playing momentum took positions and did well to 65 and unloaded before the close, but as the dust clears, where the stock price has settled is an opportunity for existing longs and new longs. Liquidity is king. This is an opportunity.
We had fading volume until a COORDINATED take down through the 50 and the 200. Today was the reversal day and entities - Market makers, institutions aware of China Mobile deal ahead, and those in charge of the AAPL share buyback program, et al - made sure that at the point when buyers would likely have come in, they were DISRUPTORS. IT got walked through two MAJOR SUPPORT LEVELS - a Golden Cross point - on a big day for the markets. It was not distribution. It was ACCUMULATION and a day when margin retailers got their faces ripped off. The irony is that 450 is the BUY point, and retailers were steamrolled violently today. Holders of shares sold on the return to 500 + and on fading volume, while it was being walked down, the selling was ending. Today was likely the buy day and that's why it was gapped down with heavy firepower to disrupt what was a vacuum in which opportunists would enter. The closing price is once again the entry point. The question for the individual retailer is how much damage was done and is there firepower left. AAPL is a slow moving target, disconnected from the market in terms of its actual value to the detriment of investors presently, and despite being one of the most legendary American iconic success stories, it's one of the most dangerous trading stocks I've ever seen for its market capitalization. The longs win. What's in between and what the market is assigning to its stock price right now is IRRATIONAL. LONG AAPL.
China Unicom, the nation’s second-largest wireless carrier, said online reservations for Apple Inc.’s new iPhone 5C and 5S have passed 100,000 units since the devices were unveiled last week.
China Unicom, which announced the volume of registrations on its official account with Sina Corp.’s Weibo microblog, hasn’t disclosed pricing plans for the handsets which are due to go on sale Sept. 20.
Disingenuous post. You know how many stop losses were just below the key 50 and 200 support levels. The gap down was coordinated to get to those stop losses by the MMs and they targeted $450 as the rough key support level for the reversal. They couldn't get to the stop losses with the golden cross as the no man's land. The gap down was not a capitulation but a HFT program triggered stop loss domino effect. The HFTs now disrupt the classic entry points on fading volume - the windows buyers would normally come in. There is no capitulation, only a disruptive day that would have normally pointed to a climb in the pps at key support levels.
These information vacuums are shadow areas in which the stock is accumulated by any means necessary as it will be higher near-term. IT's the market culture. The clear identification of it is blurred by the nonsensical hyena blog writers and media headlines attributing these moves to fundamental shifts in the AAPL story, but these are technical events that represent accumulated wealth for prop desks and scrambling for retailers to limit damage to the downside when profit erodes or when a day trade becomes, at times, a mysterious, unjustifiable, and unknowable ride in intraday hell. Today felt like a slow car crash.
Sorry mng -
Stop loss take outs can certainly lead to a capitulation that can gain steam and turn sentiment to dust. Today felt like a day when guys capitulated all the way to the end of the day, which on a long chart looks like the entry point. We were at $514 less that 2 weeks ago? This is a joke.
If it reaches the point at which the HFTs are so strong that they can gap down through major support levels, or gap up through resistance levels, INDEPENDENTLY of the participation of the broader retailer market, then the idea of regulation becomes a pretense, and in the end, a few traders will win. The majority of others will have to get beaten up while hopefully determining the right short-term or mid-term or long-term direction of a play. The lack of information of Congress, the conflict of interest and under-manned SEC, and the bureaucracy and distance of the DOJ, all point to a continuing WILD WEST of a market that is hyper-technology driven under the false pretense and guise of a legitimate BID-ASK. PATHETIC. These are the terms.
Unreal. The market has a longer time frame and with the long-term accumulative aggregate script numbers, investors will be rewarded after a 1+ year window of heavy shorting pressure and opportunity cost and profit erosion from the highs. The market, under the smoke screen of a year of market cap destruction, is going long on ARNA. Looks like it can see 5 ( the 6 year chart ).
This was announced just after the gap was filled to 16 (the open of big day before long slow trade down this past month +), after shares had been accumulated, and equally important, at the exact point that the selling had completely ended (today's anemic volume). Shares are hard to come by here.
Sentiment: Strong Buy
As of 9/30/13, short interest had climbed month over month over month to 3M+++ as daily trading volume dried up (the selling dried up). Many don't even know this event has taken place yet as the news hit the wires late in after hours trading and after a halt, OSIR resumed trading with little time left in AH. $21.75 high and a close in AH at $21. Volume will be high tomorrow. MMs have accumulated shares on the long draw down since the parabolic day on the efficacy news. They will be selling shares much higher.
The selling has COMPLETELY ENDED as of the news yesterday - Those who took profit, or wanted out, are OUT. 3M + shares short as of 9/30 - Expect a wide BID/ASK and a climbing share price -----
Play your pre-trade games with 4K shares. It's going to be brutal. You clowns who wait here paralyzed will pay a much higher price. THERE is NO SELLING. There is no liquidity. The pressure is on the shorts.
This was $19.75 4 days ago without this news. The selling is done. The timing of this release points to an unusually severe short squeeze that will disconnect TO THE UPSIDE. This is big news. Huge liquidity infusion. The road is clear for huge cash infusion with revenue from micro surgery applications that will be immense and it points to NO NEED AT ANY POINT FOR ANY SURPRISE DILUTION. The market will give this pps a green light at this point. Long uptrend in play now.
Nonsensical trading. No liquidity + corruption + uninformed retail longs in terms of intraday action means controlled downside. Good luck to the longs.
Volume AH is low.
Imoprtant clue that this is AH bid-ask control to manufacture a market response to this news, but the truth is is that it was another blowout Q and the cash position is immense and the volume does not match the pull back. My view - speculative - is that buyers come in heavily in pre-market or at the open. Based on the numbers, analysts should defend the company and higher price targets. Still a growth story. THE VOLUME DOES NOT MATCH A 10% PULL BACK. We'll see.
Sentiment: Strong Buy
They didn't get the volume they needed on the recent bear raid, and it was another big Q. Remember last Q - In AH it traded up 5% and closed up 14% by 8 pm and ended up 30% up the next day on a huge parabolic move. Because the volume is not crescendoing here in AH, it's likely the shorts - on any upside momentum in pre-trade - will run one another over to cover at these prices. I'm hoping an analyst or more comes out early with an upgrade based on these numbers. They can control scare tactics by controlling both sides, but they can't control volume and this volume points to little selling relative to their painting the perception of the news in AH. There's a recent precedent of this being the case with QCOR in AH. If i remember correctly, two Qs ago, on strong numbers, they took it negative in AH and it had a big day the next day. They are collecting shares in a no-man's-land outside of 9 30 to 4 00 pm.
Low relative to a 10% takedown, I'm saying. The volume would have accelerated had there been a full market response to the news referenced being structurally compromising to the stability of the company. This volume is a retailer response, and in that sense, it's possibly a major opportunity on a full upside reversal at the open tomorrow, if not in pre-trade.