Markets are kissing their all-time highs from July. This is do or die time. A nasty double top pattern on the S&P is not what we want to see. Lets get a breakout, please, because the short fuel for an extended rally is at never-ever-before-seen-levels. Everyone and their mother, and their hedge fund, is leaning massively short on the market. There’s never been this much money positioned short before, so if there’s a squeeze and we get to new highs, we’re off to the races in the mother of all bull runs.
[quote author=“Lion”][quote author=“Tommo_UK”]
AAPL’s stellar performance today seems to be courtesy of renewed interest in Mac sales
Maybe so. But I have a strong feeling this also has a lot to do with the ‘leaked aug 16/subpoena’ story and the fact that this card has been played out. There’s nothing left to keep it down now -not even on OE Friday- and we’ll see 150 very very soon in the uprun to october earnings
Certainly that’s a big factor in removing a big potential overhang, and we talked about it in depth yesterday afternoon. Lets see AAPL break to new highs before celebrating a new bull phase for the stock though. The momentum crowd are waiting for $149 before getting in.
[quote author=“Tommo_UK”]There’s never been this much money positioned short before, so if there’s a squeeze and we get to new highs, we’re off to the races in the mother of all bull runs.
Really? Never? Is that exuberance or a fact? If it’s true then why isn’t it bigger news?
[quote author=“mike_b”][quote author=“Tommo_UK”]There’s never been this much money positioned short before, so if there’s a squeeze and we get to new highs, we’re off to the races in the mother of all bull runs.
Really? Never? Is that exuberance or a fact? If it’s true then why isn’t it bigger news?
Never. Ever. Short interest is at all-time record high levels and has been building all year. It has been widely mentioned but not much discussed because its an inconvenient embarrassing truth most of the Street doesn’t want to publicly admit to.
[quote author=“Tommo_UK”]Markets are kissing their all-time highs from July. This is do or die time. A nasty double top pattern on the S&P is not what we want to see. Lets get a breakout, please, because the short fuel for an extended rally is at never-ever-before-seen-levels. Everyone and their mother, and their hedge fund, is leaning massively short on the market. There’s never been this much money positioned short before, so if there’s a squeeze and we get to new highs, we’re off to the races in the mother of all bull runs.
Reported short interest in AAPL does not seem high though?
[quote author=“mike_b”]
Really? Never? Is that exuberance or a fact? If it’s true then why isn’t it bigger news?
Have a look at AMZN and RIMM to see real-time where those shorts ended up… Unfortunately, (like others here) I was thrown under the short AMZN bus… Might be interesting to follow as the short positions unwind the market.
May have jumped the gun on AAPL. Still guessing OE tries to push it down into the close.
[quote author=“Tommo_UK”][quote author=“quantman”]Reported short interest in AAPL does not seem high though?
No its not, but that doesn’t really mater. If the markets soar, AAPL will go right along with them.
It’s possible that there is a lot unregulated, unknown naked shorts out there. I have never understood how “they” (regulators, I guess) think there is any way at all to keep tabs on that. There is absolutely no way to keep track of it, especially on a worldwide basis.
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