We I hope you're wrong about AAPL down $3. That would be about 2.5% and that would do serious technical damage.
You heard wrong. ApplePay is extraordinarily successful for those who can afford an iPhone. Of course those who can't, by all means, use the store cards. Maybe use the money you save to put toward an iPhone.
Thank you wallstp for a fine summary. Very refreshing to read an analytical treatment.
I just think there's some further damage to overcome technically. I agree that we'll go back over $400 longer term but the charts seem to imply 365 or lower before a serious turn. But maybe we'll shoot back up.
Hmmm. This was a disappointment. But we can see how news moves the PPS. That's hopeful. I think we just need to keep hold steady.
Radar? Where've you been? I've been missing your insights.
So this is what was formerly LEVY. Changed symbols recently. It is ready for the launch of Del Taco in place of the SPAC. Should consummate by early July. What's missing, I think, is analyst coverage and PR. Presentations are good and the last jump came on the news of first earnings call. But I don't think any real info hits the street until the deal is final. That's when launch becomes lunch. Or so I hope. I'm pretty loaded up on TACOW (which was LEVYW) - the 5 year warrants. Meanwhile look at the presentations at their site "levyacquisitioncorp". Take care.
I think LOCO is a step up from TACO in terms of food offerings but also far more expensive. I happen to like both but that's personal taste. Fact is that my family chooses TACO as their first pick for fast fresh food. By the way, I think the Double Del burger is very passable. But neither TACO nor LOCO will touch CMG. Completely different concept. But I would choose TACO and LOCO for my meal most often. CMG is a distant and expensive third. But their stock and business models are amazing.
Having said that, I'll be surprised (and disappointed) if TACO doesn't reach $20 by mid-July.
Agree (i.e., hope so too). Like you, I'm in the hold state. I have TACOW but given the 5 year expiration from the close, I feel fairly secure and am prepared for a longer wait as necessary. Good luck to us.
I think the run up to 17+ was a little emotional and we've been settling in to a reasonable correction. Volume today is 10% of average with half the day gone. I don't like this but I believe the actual close in June/July time frame will provide stimulus. There is still a sense of uncertainty.
Clever. It's true though that the glass-half-full crowd often cite the 1.5% off-highs and ignore the 15% above yesterday's close. And I don't really care how well Bezos conducts his business in the classical sense. I buy through Amazon because I like the service. I trade AMZN if I like the pattern. I'm not married to the stock. We just date.
Yes you do know the business. You also know how to give someone the business. Excellent post - strong yet reasonably respectful.
Thought I was safe yesterday selling 13 iron condors for today (325/335/450/460) for 84 cents/sh. Looked like easy money outside the 200 day moving average on both sides. Even last night when earnings were announce the market shrugged until Jeff cast his spell ("these aren't the profit droids you're looking for, move along!"). And I thought 425-430 closing, max.
Wow. I didn't have a lot of money at risk and only $1100 credit but AMZN-o-mania absorbed my whole trading day so the $1100 is all I was able to make today (not complaining). Jeff Bezos is an Houdini. He can make even the most mundane results disappear and replace it with more hope for tomorrow and every believes it (and maybe it's true). But were AAPL to report on Monday comparable to what AMZN reported yesterday, the PPS would be down 12%. Everyone should hire Jeff to make their announcements. He is magic at the mic.