I have an interest, because it's a great trading stock. On a fundamental basis, their ER report was just in-line, both top and bottom line, and they guided very slightly higher. I was short yesterday, covered and went long, and then got out before the close. Two very profitable round trips. I only follow the charts, and to be honest, I'm not really sure I understand exactly what Cavium does, but then I don't need to, since I'm a swing trader. I can tell you if it gaps up tomorrow with the market, and based on the strong reversal candle printed today, and if it can't take out $64 or close to that, then it may become a short once again. Sorry for rambling......
There seems to be some support around $85....good luck. This is no longer Wall street's darling, must own stock.
This market finally looks over, as in bear market.........
It's called "good cop bad cop". You know one of your favorite dove Fed governors will tell everyone there's no way we're raising rates in our lifetime......What a joke they all are.
The Fed is fine in a bull market, but she's way behind the curve in what will be a massive bear market.
What a dope....
He wasted everyone's time on CNBC....He basically tells the public, "I'm a millionaire, and you're not." "I want Apple to buy back stock." "I want Apple to give out more cash." Tim Cook probably can't stand him, and activist investors are NOT the best thing for stocks....Shut up Carl!
Just because he owns a lot of shares, he thinks he can manipulate the company....He made some money in Apple, but lost in just about every other stock he tries to take over......He needs to leave the company alone, and let them do their job, and stop making his ludicrous demands, just because he's wealthy.
In other words, a short squeeze....Your point about the foreign customers with more cash and QE is a good one, however the European issues are structural, and I don't think QE will work, and any near term positive effect won't be sustainable, IMHO.
Given the downtrend, I wouldn't want to hold this through earnings, I don't care what Ma says....or what Mom says....or anyone else, like Cramer.
Was the street expecting worse results?
That and Facebook....The way the analysts are gushing over Apple this morning is sickening.....What they're ignoring is that the 4th quarter Xmas season for AAPL was this report....The consumer will not take their gasoline savings to the Apple stores, and no one cares about an I-watch, so I doubt they'll come anywhere close to this pace the rest of the year.
The Dow broke down today on the point and figure chart. The S&P is next....and now the smart traders are fading the AAPL after hours move.....they know the consumer will fall hard the rest of the year, and won't buy watches or I-phones as much as they did during the holiday season.
They did that last night to VXX, and it opened higher than the previous day's close. So much manipulation.
How do you know it's a dumb call? Don't you think you should wait to see how the stock does the rest of the week?
Dow down 383 points and falling......I'm sure everyone will admit this is a well deserved move, considering how bad the fundamentals are....
Yes you do, but I'll say it......Today is the beginning of the end of the bull market......