Futures mixed. AAPL flat in the early PM. The Street is divorced from reality at this point, so the insanity could continue for longer than expected. Any analyst who ventured into an Apple Store this weekend and saw the new iPods, and the buzz in the stores, would be very pleasantly surprised, but they were probably all too busy trying to get fix the printer drivers on their sons’ Vista PCs to make it out of the house.

Middle Bollinger is 131.50 which also happens to be a key support area, so guess what the bears will want to do early on

PM is 132.25 on relative large volumes and goin up !

[quote author=“SuperDiesel”]PM is 132.25 on relative large volumes and goin up !

That’s a good start, now we need it to keep going in this direction for several days.

[quote author=“wheeles”][quote author=“SuperDiesel”]PM is 132.25 on relative large volumes and goin up !

That’s a good start, now we need it to keep going in this direction for several days.

However, most news feeds have a negative tone. Let’s see if this is one of the typical premarket ups followed by normal hours drop. I hope not.

[quote author=“carbonat”][quote author=“wheeles”][quote author=“SuperDiesel”]PM is 132.25 on relative large volumes and goin up !

That’s a good start, now we need it to keep going in this direction for several days.

However, most news feeds have a negative tone. Let’s see if this is one of the typical premarket ups followed by normal hours drop. I hope not.

The PM rise is on declining volume, indicating weak underlying demand and bearish expectations. The media are still in hysterics over the iPhone thing and have totally lost all sense of perspective on the hole, with the few voices of reason drowned out by gong-banging idiots all over the shop wailing about price drops, “weak” demand, and forecasting doom and gloom forever after.
In the absence of any real news, the Street will continue to obsess over stuff it likes to make up, bears are happy to provide.

Initial resistance for AAPL is around $133, and then the downtrending angle sitting just under $134. If we can get over those, then the bears will get very uneasy. Currently they’re all holding out for a collapse to $127 or even $120. if the stock moves against them, there could be a nice spike.

F*uck me what just happened? Anyone see the news for the surge to 134.50 just now?

So you have noticed that to

[quote author=“carbonat”]However, most news feeds have a negative tone. Let’s see if this is one of the typical premarket ups followed by normal hours drop. I hope not.

Most news feeds that give an opinion often try to explain what has happened which then twists their future predictions in the direction of whatever has just occurred.

It’s not just the newsfeeds, but some analysts do this. For example let’s just look at AC Research’s recent AAPL notes.

NEW YORK, August 31 (newratings.com) – Analyst Henning Wagener of AC Research reiterates his “accumulate” rating on Apple Inc (AAPL.NAS).

According to AC Research’s research note dated August 30 and published this morning, the company has scheduled a press conference on September 5. On this occasion, Apple will probably present a new iPod product line, possibly including the video iPod with a broad format display. Apple is also likely to announce the introduction of the Beatles catalogue into the iTunes Store.

While the company is in a planned cooperation with Volkswagen with respect to vehicle design, concrete plans have not yet been published in this respect. It seems probable, though, that a small car equipped with Apple products could meet with a lot of interest particularly among a younger group of customers, the analyst says. More detailed information is unliky to be revealed at the September 5 press conference. In all, Apple’s future business perspectives are rated rather positive. The analyst expects the probable launch of a new iPod family to boost iPod sales going ahead. Particularly against the backdrop of the upcoming Christmas business, this is very positive news, according to AC Research. At Wednesday’s closing price of $134.08 and a 2007/2008 P/E ratio of roughly 30, the company’s stock still seems to enjoy a rather moderate rating. Considering the elevated iPhone and iPod marketing potential, the company is expected to deliver a healthy performance over the next few quarters, the analyst says. Moreover, “Apple TV” is making for some additional fantasy. The company has announced plans to offer the TV series of big US broadcasting companies in the British iTunes Store. In the long run, this offer is scheduled to appear in Germany as well. AC Research reiterates its “accumulate” rating on Apple.

And then:

NEW YORK, September 7 (newratings.com) – Analyst Henning Wagener of AC Research downgrades Apple Inc (AAPL.NAS) from “accumulate” to “hold.”

According to AC Research’s research note dated September 6 and published this morning, the company has announced a significant price reduction for iPhone. The mobile phone’s price has been reduced by $200 to $399. The analyst believes that the price reduction indicates that iPhone sales have been lower than expected and has been introduced to boost sales. Apple has offered no explanation for the price reduction. The company also has not disclosed its latest sales results.

Moreover, the company has revised the iPod MP3 player and presented the iPod Touch, which has a touch sensitive screen and may access the internet via WLAN. Another new Apple product is the iPod Nano video function. With Wednesday’s closing price of $136.76 and a 207/2008 P/E ratio of about 30, the company’s stock currently seems to enjoy a rather adequate rating, considering the minor concerns with the iPhone. The analyst adds, however, that the iPhone still has significant market potential. Apple should also be able to further expand its market position with the new iPod Touch and the iPod Nano. Until the start of the holiday season business, Apple plans to have all models from the iPod series revised. Against this backdrop, the analyst expects the company to witness healthy holiday business. AC Research downgrades Apple “accumulate” to “hold.”

So all that optimism from the first note disappears because the iPhone is redirected at the wider market and the Beatles didn’t feature (although I still think their catalogue is coming). Clearly this analyst is not doing much analysis, but instead bases his views on how the wind is blowing.

[quote author=“carbonat”]Let’s see if this is one of the typical premarket ups followed by normal hours drop. I hope not.

No we won’t, 1M iPhones report

APPLE SELLS 1 MILLION IPHONES- GO APPLE!!!!!

OOps - there goes that short covering rally I just posited about

and 134,93 up we go !!!

[quote author=“Plato”]APPLE SELLS 1 MILLION IPHONES- GO APPLE!!!!!

F UCK YOU to all the doubters.

(oops excuse my French).

Like I said, I expect 1.3 - 1.5M iPhones this Q.

[quote author=“Tommo_UK”][quote author=“Plato”]APPLE SELLS 1 MILLION IPHONES- GO APPLE!!!!!

F UCK YOU to all the doubters.

(oops excuse my French).

LOL - You tell’em Tommo! 

Most of all this Scott Moritz guy!