A reluctant up day but did close higher by $3+. If otherwise, there would
have been a lot of gnashing of teeth and disappointment on such a bullish day.
Prepare for a pullback tomorrow for the entire market and the technology sector.
Thank you to the ITC goons for ensuring that the "short" AAPL June 7 2013 calls
(strike 455 and 460 calls) will expire worthless.
The President WILL veto the ruling which will be a slap to Samsung.
Survivors for over 12 millenium in an envious and medieval continent. Success
in that environment was viewed suspiciously which led to their sad demise.
The announcement was known before today's disclosure. NFLX stock clearly
overpriced and fund managers highly skeptical to purchase at these levels.
The move has been anticipated today, that's why the
Any further up move tomorrow will be short lived and
an opportunity to take profits.
Members of Congress and the Senate are exempted on gains from trading
on inside information.
Your negative outlook seems plausible but you overlooked two things:
1) The massive stock repurchase program by Apple Inc.
2) Apple stock still one of the top holdings by many funds.
Are you currently holding a "short" position in the stock OR holding
put options - a disclosure will at least back up your negative outlook.
Downgrade ignored or overlooked?
GOOG due for at least a 10% correction the next few days.
Last Saturday, I noticed that there were less than 15
customers in the store at the mall.
This week showed an improved traffic, doubling the previous
Any reports elsewhere??
The only question is WHEN and the Feds have already stated
it will be due to a much improved labor force.
Consider the slowdown in QE by end of 2014 and not sooner.
By then, the market could improve another 10%.
Latest "short interest" jumped 107% for AAPL to 41.589 million shares.
This would usually be regarded as "bullish" as more buying to cover,
Others feel otherwise as a general professiona lnegative sentiment
Latest short interest was up 9.81% to 13.225 million.
This would usually be bullish BUT some would think otherwise.
Currently long 1200 shares at an average of $85.08 and looking
to sell half this coming week.
Evening futures firm and indicate a positive start tomorrow.
For whom ever interested, play the trend either up or down,
especially those with puts on Apple Inc. Time value on
stock options is an ongoing negative.
Theoretically the stock's opening price tomorrow is adjusted lower by the
BUT many other factors come into play which will determine tomorrow's
opening price: market's mood in the morning AND supply vs. demand.
Majority of AAPL's products are sold online although
the Apple Store's foot traffic is an indication of Apple's
This quarter's sales will be a real test even on AAPL's
own lowered forecast.
Currently "short" AAPL puts for August 2013 and waiting for a more
favorable earnings report for the second quarter.
Expectations are not high and AAPL has had a better than expected
run in the last 10 days.