AAPL Intraday Updates (Archive)

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    Posted: 11 December 2008 05:08 PM #151

    This range of $93 to $95 has to hold as a low or the whole weak trend channel from $79 is going to fail. Looks more and more like a corrective pattern from $79.

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    Posted: 11 December 2008 05:12 PM #152

    According to The New York Times ‘prospects of a $14 billion government rescue of the American auto industry seemed to vaporize’ this morning.  The article suggests Senate Republican opposition is strong enough that the Bush administration may be forced to ‘find alternative ways to prevent G.M. and Chrysler from financial collapse’, probably deploying TARP funds in some fashion.

    Considering the way the Senate operates, the Republicans could forestall the bill forever (or at least until Obama-time).  Unless some Senators change their minds, this bailout isn’t happening.

    Time to visit the political blogs and see if there are any realistic prospects for Senators switching sides…

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    Posted: 11 December 2008 05:17 PM #153

    awcabot - 11 December 2008 09:04 PM
    the-irish-guy - 11 December 2008 08:48 PM

    yes - bouncing regularly off 95. was mace saying something about OE being at 95? is OE still a factor at this point?

    Max-Pain is $95.00. Myabe we can put it behind us now and go up? Please?

    cool link - thanks!

         
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    Posted: 11 December 2008 05:19 PM #154

    Winterpool - 11 December 2008 09:12 PM

    According to The New York Times ‘prospects of a $14 billion government rescue of the American auto industry seemed to vaporize’ this morning.  The article suggests Senate Republican opposition is strong enough that the Bush administration may be forced to ‘find alternative ways to prevent G.M. and Chrysler from financial collapse’, probably deploying TARP funds in some fashion.

    Considering the way the Senate operates, the Republicans could forestall the bill forever (or at least until Obama-time).  Unless some Senators change their minds, this bailout isn’t happening.

    Time to visit the political blogs and see if there are any realistic prospects for Senators switching sides…

    Or…the Democrats can make some concessions in the way of reducing their strict environmental standards, and by requiring labor costs to be on par with Nissan, Toyota, and Honda; some middle ground between where the bill stands now and the Corker Ammendment.

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    Posted: 11 December 2008 05:34 PM #155

    ConMan - 11 December 2008 09:19 PM
    Winterpool - 11 December 2008 09:12 PM

    According to The New York Times ‘prospects of a $14 billion government rescue of the American auto industry seemed to vaporize’ this morning.  The article suggests Senate Republican opposition is strong enough that the Bush administration may be forced to ‘find alternative ways to prevent G.M. and Chrysler from financial collapse’, probably deploying TARP funds in some fashion.

    Considering the way the Senate operates, the Republicans could forestall the bill forever (or at least until Obama-time).  Unless some Senators change their minds, this bailout isn’t happening.

    Time to visit the political blogs and see if there are any realistic prospects for Senators switching sides…

    Or…the Democrats can make some concessions in the way of reducing their strict environmental standards, and by requiring labor costs to be on par with Nissan, Toyota, and Honda; some middle ground between where the bill stands now and the Corker Ammendment.

    Sounds like a bunch of whiny children. In any case, this will probably pass eventually once some compromise is reached.  rolleyes

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    Posted: 11 December 2008 06:28 PM #156

    I’m guessing BAC’s announcement of 30,000-35,000 layoffs over the next 3 years is not going to help the markets out much tomorrow.  rolleyes

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    “the market can stay irrational longer than you can stay solvent”
    -John Maynard Keynes