Look at FB's chart. In July before the massive run up, the price went from mid 24s to mid 26s. That's an 8 percent gain in 24 days. You probably would've called it overbought back then. But then look what happened. They reported good earnings, and shares started surging with very few hiccups until now. Chart is retrospective. Different guys can draw different random lines on it and come up with different conclusion. When there's no fundamental news changing the stock price, chart is a good gauge to analyze volume, price movement strength, etc. But it surely isn't the Holy Bible for trading.
You didn't answer my question. If earnings are good on next Monday, does the stock have to complete a pullback before going higher?
Overbought or oversold is subjective judgement. If fundamentals are good, what's considered overbought can suddenly become underbought.
Why must there be a pullback to 490 to 500 before going higher? Different chart guys tell different stories. I heard one chart guy say on TV once AAPL passes 514 it should shoot straight up to 610 in a short amount of time. Of course I don't buy that. I think chart is a somewhat useful reference when no fundamental news is driving the stock. But most of the time, it's only good for entertainment purposes.
If earnings turn out to be fantastic, do you think the stock has to complete a pullback before heading higher? The answer is probably no. You'll be left on the platform while the train has already departed the station.
No, they won't say anything about earnings until the actual conference call. Announcing financial data outside of CC would require extra SEC filing. And they already filed 8-k last month saying numbers will be near the high end of their guided range.
Selling covered calls at a strike 5, 6% above the current price is the best hedging technique. Give up some upside but not all upside should there be a big move and you get a cushion if it goes south. Buying OTM puts for protection most often is a waste of money.
550 by tomorrow end is 99% unlikely. You're asking for a 5.8 percent daily gain on a slow moving stock. As far as I can recall, AAPL never moved that much intraday because of product launch.
Tesla could be big. Google is irreplaceable. AMZN is a good company. If they decide to pursue more profit, they probably could. Netflix on the other hand is a scam. I mean the stock. The company is so vulnerable that Apple doing a little tweak to iTunes service or Google putting more emphasis on Youtube video rental would obliterate Netflix.
oh, you lying son of stinky female dog. You shorted NFLX, and now you pretend you longed it? A$$wipe!
I like moderate sane Republicans like McCain, Collin Paul, Mitt Romney, Paul Ryan. But because of nutcases like Michelle Bachmann, Rick Santorum, Mike Huckabee, Ted Cruz, my sentiment toward the GOP is mixed.
There's one thing that NFLX did but AAPL probably wouldn't follow suit though - growth. NFLX's EPS grew 400% YOY. Apple is expected to report a YOY EPS decline.
after Google, Chipotle, NFLX becomes the third 10%+ gainer in this earnings season. Can Apple make the list? I'm not so sure, but I'd be happy if earnings sent it 6~7% higher.
FYI, NFLX met revenue target, beat EPS by 3 cents at 52 cents.
We live in a crazy world. NFLX makes 0.80 per share, and its share price is 387. AAPL makes 40 bucks per share and its share price is 521.