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.
I think we won't and probably can't. Apple is simply too big and a gap up requires a huge volume move or a covering huge short interest. We don't have any shorts to speak of and look at the amount of money it takes for a volume move. I'd love the big gap up as much as anyone, but I think it's steady as she goes best case. Plus I worry more about unrealistic expectations that could cause a muted response to good news or disproportionate reaction to expectations merely being met. Our's is a fickle stakeholders group at this point with many of us clutching remarkable gains after remarkable losses and navigating by looking over our shoulders at the Sept 2012 initiation of the reign or terror. We need to be careful and detached from the stock. Ownership is not marriage. Fear tends to trump greed.
BTW, most Fridays are down days for AAPL. So the last few being up almost stacks the deck against today. But there's still time left and we've seen huge turns in the last hour.
Well so far it looks like Monday is more promising than today. GL
I do expect the run up. But I don't expect it tomorrow given it's Friday and monthly OPEX. Still volume AH was impressive. Next week is where I'm looking for joy...
No strength? Where were you EOD when it ran with abandon to the day's highs???
Ummm, I prefer wealth-building. Good luck with that strategy...
AAPL almost always goes down leading up to a major announcement and 2 are coming. Likely we'll see further depression and then a run up.