there is a resistance line that seems to be limiting the apple upside. draw the line off the last 2 highs and you will see we have to break that resistance to really break out. not sure if apple has the juice to do that, or if we just keep going slowly up to that point and backing off.my guess is that apple rises slow and steady for the next 2 weeks, but not major break-out. 105 in 2 weeks from now would be fine with me.
here we are again with a news story based on old information. sure there were production problems back in june or july, but they were solved and the production is humming. even if the sale date of iPhones were pushed back a couple weeks as a result, we know the media event date and if apple delivers great news on that presentation, who cares about a small delay? the latest news indicates that watch screens are being delivered in time for a October launch. that is important news.
this is an idea whose time has come and gone. apple has been disproving the commodity thesis for the past year. android smartphones are commodities, but the switching cost to move from iOS to android is substantial. the new iPhones will sell like hotcakes and disrupt the current market shares. within the next 5 years there will be a lot of transition as wearables take over much of the smartphone functionality and phamblets take over much of the tablet market and tablets take over much of the pc world. apple seems to be unique positioned to benefit from this IF they deliver great products. i will sell my apple stock if the company does not deliver hit products this year. but i'm pretty confident they will do that.
where a massive herd of sheep all trample the sheep skinner as they buy more and more apple stock and the money fund managers (represented by elephants) follow the sheep and finally trample him into the ground. apple is just simply moving up further. it might have some small pull-backs, but the big money managers need to gain more exposure if they want to meet or beat their index averages, and that alone is enough to keep the price rising. don't expect it to rocket to 105 overnight, but it could be 105 by the end of next week or the following.
the fund managers will fall behind their indexes unless they buy apple, which further propels the stock and forces more fund mangers to chase the performance.
daughter's friends all have iphones - young girls have to have them to be cool. the iphone 6 will change the competitive landscape, so until we see that, all opinions are meaningless.
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.