Not buying in AH market as it's usually wacky. After 10 am I'll look at it because that first 30 minutes can be a lot of programmed buys/sells.
I'll start buying. The AH price usually swings too far in cases like this, so I don't think I'll get it at $142.
In the short term, when the Fed govt stops using them as a piggy bank. Otherwise when excessive, unnecessary regulation is removed from the economy everyone will benefit which will lead to higher bank profits.
Look at the volume from 10:30 - 2:15. Lots of small trades as IBB went down, down, down - poor saps who bought high & sold low, lol. Big buying volume on the rebound since. I have a reliable indicator but it probably won't show a bottom unless IBB goes up or at least stays flat tomorrow.
Foxconn which assembles the bulk of Apple's latest smartphones, saw its December revenues slump by 20% and full-year sales miss expectations.
Volume has increased 21%. An increase in volume with lower prices indicate conviction of lower value by investors.
Avg Vol 11/2-12/8: 37,740,123
Avg Vol 12/9-1/6: 45,824,768
What I posted is simple economics - apparently YOU don't understand that because you posted nonsense.
Another supplier reports earnings & says no growth ahead. Looks like the decline in Apple sales projections is real.
30% of Apples revenue will now take a hit, from lower revenues and/or higher unit prices in China to try to compensate. $100 is the magical number to which Apple shareholders are clinging. If this is breached, investors will be looking at $80 as the next line in the sand (be thankful though, the stock shouldn't fall further than this unless something comes out when Apple reports earnings).
Their business model is based on local, fresh produce. They can't monitor/control the number of vendors in the supply chain nor can they monitor/control so many far-flung chains. So Chipotle can't address the root cause.
The best CMG can do to try to salvage the current model is to put a band-aid on & try to control supplies after they enter the restaurant. Once contaminated product enters a restaurant though, control will always lapse at some point/time.
A real solution will require some vertical integration and/or supplier consolidation. So, not local & less fresh. If Chipotle doesn't have these selling points, what do they have? The end up being just another fast food restaurant.
What gets me is that a decent industry analyst should've seen this coming & the PE should never have reached the level it did.
Your post makes no sense, why are you blabbering about Apple selling on another exchange? A plunge in the Chinese market could cause additional declines in the US market, including Apple. When Apple fails to hold at its current price, investors will look to the next chart signal, which is a longer term head & shoulders.
Google "Apple stock head & shoulders" then limit it to the last month. It's being discussed, so instead of hiding your head in the sand adjust your holdings or see if you can collar it.
If Apple fails to hold here, which where the short term H&S indicated it would go and where it hit with the market plunge in August, then the long term H&S pattern will take over. This long term pattern could take the stock to $80.
On Friday, China will allow all shareholders to sell stock once again. This could be the turning point that takes Apple to the new lows.
I know that reading charts should be b.s., but everyone does it & when they see a pattern it becomes a self-fulfilling prophecy.
With the controls that will be put in place, there's no way the company can meet its supply needs for fresh produce. Something will have to break, either number of locations or quality, and neither option bodes well for the current price.
Take your pick, either a longer one with shoulders at Dec/14 & Now/15 or a shorter one with shoulders at Sept/15 & Nov/15. Needs to hold 115 or it could go to 100 or even as low as 80.
All the testing in the world won't help. CMG will not be able to get enough ingredients to supply its restaurants with fresh ingredients its model calls for. End of growth story at the very least, if not a need to even reduce its size.
Other restaurants don't have the fresh ingredients that CMG uses. As a result their supply chains were easier to clean up. CMG will have a very difficult time figuring out the problem. CMG cannot support its current size with these supply chain issues. The issues won't go away because their business model dictates fresh ingredients.
It was based on fresh, healthy food. At this size, CMG cannot control its supply chain in order to ensure the ingredients are fresh. Earlier CMG couldn't even get enough pork because of restrictions it placed on suppliers. Now the restrictions will have to be greater, making it more difficult to supply so many restaurants with quality food.
As a result, CMG can't support its current size, let alone any growth. The forward PE is already twice that of the S&P. It doesn't take a rocket scientist to see that the stock price has a lot further to fall.
Something along the supply chain. Much of this is probably handled by outside companies. Chipotle will have a lot of difficulty tracking down & eliminating the source. I'm not short - been burned too many times being short, lol. However, you can't even pick a bottom right now.