agree there might be some profit taking. if the stock holds 100 tomorrow that is pretty good.
apple has been moving so far, so fast, it just needed to stop and take a breather here just above the resistance. we should be happy if it just hangs out above 100 for a while.
and then that becomes major support. the ascent seems to be slowing, but it is pretty obvious that support is very strong. buyers at any dip in the stock price.
would be nice to see 101 today and get up to 105 by next week. now that apple is above all-time high, there is no upside resistance to battle. sure it still needs to justify the p/e, but that is really not the issue here. the trading is finally very supportive on apple. how high can we go? i don't know, but it is very strong now. lots of institutions need to get into apple or fall behind the indexes.
way too many buyers for apple stock here. even as market is cautious, apple moves up to resistance and just keeps moving up through it. maybe another small break-down before it moves above resistance for good, but this looks far too strong to get defeated here.
it is pretty obvious there is enormous support for a higher price and that sell-offs are being met with very strong buying. i think one more small dip, like yesterday and then it starts to fly over resistance. the move over resistance might take us up 1-2 points rather quickly.
many of those bubbles were created or could have been avoided with better government policies. free markets will always have bad characters who need to be reigned in. the job of the government is to create a system of laws and regulations that channel private enterprise and provide benefits to all, but not choke it with needless inefficiency. the real estate bubble occurred due to a lack of regulation and enforcement on mortgage policy and the fed knew all about it and could see the signs, but chose to do nothing. the government is good at enacting laws to give itself more power, but rarely addresses the real problems and opportunities in life
you need to learn how to count. the debt keeps increasing each year, it is the deficit that has been decreasing but it is still deeply negative, however, even the non-partisan CBO projects that the deficit will begin to rise over the coming years unless changes are made. and you haven't really accounted for the growing unfunded liabilities called social security and medicare. this isn't a right wing conspiracy, the real conspiracy is that they ignore the crisis while there is still time to do something about it. the parts of our economy that are working are related to technology, that is our one big hope for growing the economy fast enough to be able to fund future outlays on social programs. america's strength does not lie in our government, it lies in our private sector that is the envy of every other country.
you cant afford an iphone 5s and you know it. your one opinion doesnt really do much versus the research surveys that point to massive pent-up demand. do your research before you post.
i dont think they would want the price to exceed 42 before the sale is complete. then move it up afterwards
just when the gains slow down, it moves up again. this is massive buying support. next stop is the resistance from previous year high at 100.80 area. we wont clear that today and might have an afternoon pull-back to the 100.40 range. it might take another day or two, but buyers want into apple for the move up once it clears the all-time high.
you've been saying that since apple was much lower. your strategy is NOT working.
the institutions are having to play catch-up or risk that their return will lag the indexes. which means plenty of buying support.
not true. the smart money is getting in for the pop above the previous high and the coming barrage of product news. apple is trading at a p/e of 16 versus companies like google at nearly 30. the p/e ratio for next year's earnings are at about 12 (ex-cash). the market still does not understand that apple is moving into a 2 year period of growth with no margin erosion.
either today or tomorrow. maybe a little sell-off, but it stays over 100 and then moves back up and past that resistance. apple is leading the market higher for the next week. i might consider selling at $110 before the media event, but not here.
why would anyone want to miss out on the upside after clearing the all-time high? if apple had a high p/e i would agree, but apple's p/e is still just around 16 and that isnt even accounting for the iwatch, iwallet and ibm deal fully. the valuation is p/e of 11 times next year earnings projected by Goldman Sachs. apple is leading the indexes higher over the coming week(s). i will consider locking in gains the week ahead of iphone announcement, if the expectations are just too high. north of $110 a share (before media event) i would consider locking in profits, but not here!!!!!
he never shorted the stock. he was just a mouthpiece to get suckers to sell, so whomever was paying him would be able to buy shares cheap. these news media people are mostly frauds. we need a financial news show where the guests sign an agreement to come back on the show and explain the results of their advice.
they are paid by the post and get paid for each response. they live in third world countries and make a few bucks to post hundreds of lies. there is huge buying going on here, now that 100 is broken there is one more resistance to clear at the all-time high, but that one will be cleared very easily now. the barriers are gone and apple is moving on up. dont sell your shares here, even if there is a temporary decline. you will be sorry.