[quote author=“MaCroissant”]
aaplcat,

don’t beat yourself up on “not having seen this coming”, I think that practically none of AFB and others would have been able to foretell the whiplash to $153 and back up (especially this fast).

But the so called “double top” is quite evident…
… aftermath of course!

I think that we should be very careful here.

The fact that this occurred before the EO wek is not a coпncidence…
“They” probably want to put us down again.

[quote author=“aaplcat”]I think that we should be very careful here.

The fact that this occurred before the EO wek is not a coпncidence…
“They” probably want to put us down again.

Absolutely. Max pain is $142.43.

[quote author=“Karybout”]Tomorrow’s Headliners: GE, Apple

“Meanwhile, the hot new iPhone could run into trouble in France, where a law requiring mobile networks to unlock their phones six months into a contract may prove to be a major problem for Apple (AAPL - Cramer’s Take - Stockpickr).

Apple’s going to need European buyers in order to keep the momentum going for its latest device, otherwise investors will be none too pleased. Columnist Brett Arends gets to bottom of whether Apple will be able to cope.

yeah, shame for that article that the issues in France are resolved, and Orange state clearly they are launching the iPhone in France in November I don’t think there’s any problem with the iPhone’s momentum, Mr Columnist.

[quote author=“xumbra”]Many claim that yesterdays drop was due to shockingly low US oil reserves. Both AAPL and GOOG fell in the last hours of yesterday trading. This despite record-good marketshare firgures for GOOG and there where no news on AAPL. Panic driven fumble dubmle what to do, but do something fast.

Christ, how blind can people be :x .. look, BIDU showed it isn’t the momentum monster, estimates beating leviathan everyone thought, and it started to collapse. Then AAPL followed, then RIMM followed. It was a vacuum - buyers stood back to evaluate their commitment to buying into growth at any price, and dumped the next fastest movers, RIMM and AAPL, after their respective massive run-ups.

This had nothing to do with AAPL or GOOG or RIMM. It was all about taking money off the table in a mad rush when the poster child for blind momentum investing, BIDU, showed that it might not deserve the premium it was attracting after the UBS report on it falling a bit short on the revs. This really isn’t rocket science. When the selling began, I pointed to the BIDU news and said it was going to impact AAPL. BIDU broke the momentum game. Its a game of musical chairs. The music stopped. Everyone rushed to sit down. Momentum growth stocks didn’t find a seat.

The music will start again, and the game resumed. But really, there was nothing fundamental behind anything that happened yesterday that was stock specific. It was a rush to the exits to protect gains in highly-leveraged trades in growth favourites couple with a bear raid from shorts riding the tsunami down. If there had been more to it, we wouldn’t have close a mere 2.7% down, but at the lows.

Good morning upgrade

Apple Inc Price Target raised to $180 from $150 at Morgan Stanley

Trying to get further details/confirmation.

[quote author=“Tommo_UK”]Good morning upgrade

Apple Inc Price Target raised to $180 from $150 at Morgan Stanley

Trying to get further details/confirmation.

I’ve looked as well. Can’t find it elsewhere.

GE reports a picture of perfection.. defines the very meaning of the phrase “in-line” report

06:32 EDT GE General Electric-GE reports:
Q3 EPS of 50c vs. consensus of 50c

Reports Q3 revenue of $42.5B vs. consensus of $42.42B.

Sees Q4 EPS of 67c-69c vs. consensus of 68c

The company sees 2007 EPS of $2.19-$2.22 vs. consensus of $2.20.

Does anyone here know if China (the common public and/or companies) has free capital movements (currency/spending/purchase/investments) ?

[quote author=“xumbra”]Does anyone here know if China (the common public and/or companies) has free capital movements (currency/spending/purchase/investments) ?

The Chinese can only invest in their own stock market, for now. Hence the mad run-up - there’s nowhere else for the money to go.

[quote author=“xumbra”]Does anyone here know if China (the common public and/or companies) has free capital movements (currency/spending/purchase/investments) ?

They have just recently been allowed to invest in the Hong Kong market

[quote author=“aaplcat”]
But the so called “double top” is quite evident…
… aftermath of course!

Unfortunately, hindsight is always 20/20.    I know how you feel and I feel horrible for you.  I lost about 1/3 of my portfolio during the shenanigans of this July/Aug.  I had to sit on the sidelines, watching the “opportunity of the year” pass me by because I was margined to the hilt and didn’t have any more cash.  BUT…I have been able to slowly begin rebuilding my portfolio.  I know that, if not for the members of AFB, I probably wouldn’t have the guts to get up and try again, after such a demoralizing loss.  But, I did, and you can.  Slow and steady, taking profit here and there.  Reading Mace’s EW posts doesn’t hurt, either.    Even though I don’t really understand EW, it’s eerie to see his EW “predictions” come to fruition.

Confirmed:

07:16 EDT AAPL theflyonthewall.com:  Apple-AAPL raising estimates & tgt to $180 from $150, maintain Overweight@MSCO :theflyonthewall.com

AAPL up in the PM now, marginally

[quote author=“Tommo_UK”][quote author=“xumbra”]Does anyone here know if China (the common public and/or companies) has free capital movements (currency/spending/purchase/investments) ?

The Chinese can only invest in their own stock market, for now. Hence the mad run-up - there’s nowhere else for the money to go.

Thanks Tommo and SNIPUS

So for foreigners, it’s a bit like investing in a giant scale eco_prison internal_semi-grey_market_system?

Chinese cash must be piling up. How will they feel when they experience their fist major a la dot.com crash. Nowhere to go

Are there no seriously positive outlooks for lifting these restrictions?

[quote author=“sstenner”][quote author=“aaplcat”]
But the so called “double top” is quite evident…
… aftermath of course!

Unfortunately, hindsight is always 20/20.    I know how you feel and I feel horrible for you.  I lost about 1/3 of my portfolio during the shenanigans of this July/Aug.  I had to sit on the sidelines, watching the “opportunity of the year” pass me by because I was margined to the hilt and didn’t have any more cash.  BUT…I have been able to slowly begin rebuilding my portfolio.  I know that, if not for the members of AFB, I probably wouldn’t have the guts to get up and try again, after such a demoralizing loss.  But, I did, and you can.  Slow and steady, taking profit here and there.  Reading Mace’s EW posts doesn’t hurt, either.    Even though I don’t really understand EW, it’s eerie to see his EW “predictions” come to fruition.

I can echo the sentiment that AFB has been invaluable in allowing me to ‘get back on the horse’ ... I started trading options last October and was smoked with the January 2007 post-earnings selloff ... I saw 12K go to 40K and then to zero.  This cured me of trying short term options ... I decided to get back into LEAPS at the end of January and have more than made up for that initial loss ... without AFB, I would not have tried again.