Yes, I saw that too. High volume on that particular call. But your math is way off. 600s times 7000s, that's 4.2m not 42m.
So what? That's not changing how Apple is doing business nor affecting consumers interest in Apple products. Nobody gives a rat a.
The 4-week dma is the 20 dma right? 4 trading weeks, 20 days? Based on the data I'm looking at. But why is your $502 4-week ma price different than your $499 20-day ma? And even it call pull above 535 for a couple of days, I don't think that will increase the 4 week ma from 502 to 508. The math just doesn't add up. Also, here is where I have the biggest disagreement with you. You seem to focus more on the technical side. But fundamentally, if Apple's earnings are fantastic and guidance is upbeat, do you really think it will not rally just because it didn't pull back to a specific price area? I think fundamentals trump techinicals.
If earnings are good, it's expected to run. But there's only 3 trading sessions left. I don't see how it'll go under 500 to complete the pullback.
But it did not pull back to 490 to 500 area. What happens if it runs up without completing the pullback to the said area?
Thanks for the explanation. I get what you're saying. Could you discuss how to determine the rate and magnitude of reverse head and shoulder pattern's development? You said there's one in play right now, and 580 is the target. But 580 really seems like a random number to me. How did you get the conclusion? Did you just draw a line on the chart and it happens to be pointing at 580? And also, is there a way to gauge the speed of this type of movement, for instance, using different technical indicators?
You said it would pull back. It did yesterday to an intraday low of 508. Even though it didn't go as low as you suggested, I'm now more interested in the Kelner channel theory that you brought up. What does the channel tell you now? Is the pullback complete? You say there's a target for the current reverse head and shoulder pattern in play. How quickly do you think that pattern is going to develop to hit the target? And once the target is reached, is another pullback destined? If so, to what level? 20 dma, 50 dma? Thanks.
share count will be below 900 million, but the impact on EPS is only pennies, not nearly as big as you suggested. You might want to check your math.
It's hard to find that extra $1 billion revenue. When they said near the top range, I think they meant close to 37b in revenue. Also in June quarter, they had a big inventory buildup. They had to move the older inventory to the market at lower prices, which could pressure margin. I hope the new iPhone mix could offset that pressure. And your share count is a little big off. On June 29, there were only 908 million shares outstanding. Assuming the net reduction in share count is 20 million in the rent Q (very conservative guess), on September 29 shares outstanding would only be 888. To calculated diluted EPS, you take the weighted average, which is 898. So the denominator is smaller than you thought.