So, now that we know all this and it’s out for everyone to read, would this also implicate that now there’s really nothing else to hold back this carefully pressed down coil and AAPL may rocket upwards from here any time soon?

Yea… Like in the PM on Monday.

d

Dollar hits new low against EURO

So it looks like the Canadian dollar is now on parity to the US dollar, as well. With iPhones selling in Europe, those Euro prices may actually make more for Apple than a US sale.

I will NEVER forget August 16th.  As a new investor with no experience, I bought at $143.70 on July 23.  As the stock fell in the following days, I bought heavilly on margin.  Through sheer good luck (as it turned out) I had bought just enough (or not enough, as you will) that at $111.62 on August 16 I had breached my equity requirement.  Had I been forced to sell at that point, I would have been an horrendous $200k down on my initial investment.  I well remember that moment.  Mirraculously, in the hour or so left to the close, APPL SHOT UP to $117.50.  I felt as if I had had the escape of my life.  To think that that may have been completely manipulated is chilling.  I was very, very lucky.

[quote author=“gatesofhell”]I will NEVER forget August 16th.  As a new investor with no experience, I bought at $143.70 on July 23.  As the stock fell in the following days, I bought heavilly on margin.  Through sheer good luck (as it turned out) I had bought just enough (or not enough, as you will) that at $111.62 on August 16 I had breached my equity requirement.  Had I been forced to sell at that point, I would have been an horrendous $200k down on my initial investment.  I well remember that moment.  Mirraculously, in the hour or so left to the close, APPL SHOT UP to $117.50.  I felt as if I had had the escape of my life.  To think that that may have been completely manipulated is chilling.  I was very, very lucky.

Wow, that must have been hard! Despite the fact I think you’ve done something incredibly stupid I still very much admire your confidence and courage. You can buy common stock with your money just anytime you want and if the investment turns against you just wait it out (as many of us did in the first half of 2006) but you always need to have clear exit strategy if you are on margin especially if you don’t have enough expirience. I’ve been in AAPL for almost two years and watched it before for years and I still don’t feel like I’ve got enough experience to trade on margin or in options (though I got second account for warrants now and I will probably use margin if I see a major chance to make good money). You seem to be very lucky so good luck in the future as well!

$2 pop in the PM thanks to the analyst comments. Will it stick, or sell back to $140?

I love the way the media paint the “decline” in crude oil prices to “under $82” as being the result about “concerns of US growth.”

How about the stuff is just ridiculously overpriced, refineries can’t process enough of it because they don’t have the capacity, and its just not in as strong demand as is being pretended by all the crude oil whores out there? The only slight justification for rising crude prices up at these nose bleed levels is the falling Dollar. $82 crude is a result of traders holding well over 10x the number of crude oil contracts as there actually exists the physical commodity, meaning the price has totally detached from the fundamentals.

AAPL at 141.88 in the PM now after peeking over $142. I don’t see it getting chased here, not on an OE Friday with $140 the nearest (and from yesterday’s action obviously very magnetic) strike. Not unless there’s some real FY08/09 earnings revisions rather than just minor upgrades to Q4 07 earnings.

Furthermore its worth noting that the markets are up big this morning, as is RIMM, GOOG etc

Pumpety pump.. RIMM gets an upgrade to $110.
08:32   RIMM Research In Motion tgt raised to $110 from $95 at TD Newcrest- DJ (90.23 )

Stock is up 2%.

AAPL up barely 1% on its own slew of good news this morning.

just more spring-coiling…

Funny how the market just saw widespread selling across many stocks minutes away from the open.. clear program trading in effect on an OE Friday. Beware the machines, they’re pulling all the strings today.

10 million shares traded at open!

[quote author=“macglenn”]10 million shares traded at open!

I think you mean 4 in that mammoth trade (total vol just under 6M now), but still - yes, there’s some enormous churn going on there.

I had to remove that volume bar from my chart to get a decent view of the action!

[quote author=“Tommo_UK”][quote author=“macglenn”]10 million shares traded at open!

I think you mean 4 in that mammoth trade (total vol just under 6M now), but still - yes, there’s some enormous churn going on there.

I had to remove that volume bar from my chart to get a decent view of the action!

e*trade shows volume at 9:37 at 10.3 mil

[quote author=“macglenn”][quote author=“Tommo_UK”][quote author=“macglenn”]10 million shares traded at open!

I think you mean 4 in that mammoth trade (total vol just under 6M now), but still - yes, there’s some enormous churn going on there.

I had to remove that volume bar from my chart to get a decent view of the action!

e*trade shows volume at 9:37 at 10.3 mil

is wrong 6.9mio now

[quote author=“macglenn”]10 million shares traded at open!

4mio

And then barely any traded.

The programs tried to drop the price quickly, but don’t seem to have a “next” command, possibly not until 2:30 this afternoon. I don’t expect the machines to fail. Just drag out our slow painfuldeath.