AAPL Intraday Updates (Archive)

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    Posted: 24 February 2009 11:38 PM #16

    Winterpool - 25 February 2009 03:24 AM

    For a variety of reasons I failed to watch or listen to the Obama speech (can you believe I watched an episode of Chuck instead?).  Also failed to read any financial developments.  I suppose I was feeling a bit sore about not buying anything yesterday (dang my luck with limit orders) and missing today’s rally.

    Anyhow, then I return to the Apple Finance Board and read of the ups and downs of FSLR after-hours (142 to 114 to 129?!) and AAPL at 88.  What the bloody hell happened?

    Best get caught up with the news then…

    Not sure there is any news. The last trade was at 88 despite that it was trading at or near 90.50 up to that point. A glitch perhaps?

         
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    Posted: 24 February 2009 11:39 PM #17

    Thankfully the new page doesn’t require scrolling all the way to the next county..

         
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    Posted: 25 February 2009 12:05 AM #18

    Winterpool - 25 February 2009 03:24 AM

    For a variety of reasons I failed to watch or listen to the Obama speech (can you believe I watched an episode of Chuck instead?).  Also failed to read any financial developments.  I suppose I was feeling a bit sore about not buying anything yesterday (dang my luck with limit orders) and missing today’s rally.

    Anyhow, then I return to the Apple Finance Board and read of the ups and downs of FSLR after-hours (142 to 114 to 129?!) and AAPL at 88.  What the bloody hell happened?

    Best get caught up with the news then…

    I fell asleep in the first five minutes. Really. From the talking heads I understand the speech lacked substance and did not set forth a workable plan. Like Diogenes wandering the streets looking for an honest man, Wall Street wanders the street looking for a plan.

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    For those who look, a flash allows one to see farther.

         
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    Posted: 25 February 2009 12:41 AM #19

    willrob - 25 February 2009 03:04 AM

    I think the market will respond positively to tonight’s Obama address.

    As of right now, the Futures are slightly down.  We’ll see what happens by morning.

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  • Posted: 25 February 2009 09:25 AM #20

    kiwitrader - 24 February 2009 11:14 PM
    Plato - 24 February 2009 10:54 PM

    Why 165 in SKF - I don’t follow that stock that much!?

    Looking at a 10-day intraday chart, $165 looks like a strong support level. The ETF gapped up there on Feb.17th, breaking through a few days of resistance at $150. That’s when the financials all started melting down, until today. Looking at a 3-month daily chart, $165 has been resistance since early December, except for the week of Jan. 19th when we had a marketwide selloff. It’s hard to decipher what’s the tail wagging the dog, but IMHO, the fear of this double-inverse ETF shorting the living daylights out of everything could have been an obstacle to buying the finacials for many. Seeing it break a key support area may have given some a technical “buy” signal as well?

    Thanks kiwi! Makes sense.

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  • Posted: 25 February 2009 09:32 AM #21

    Too late to short FSLR? Down 15% or so in PM already.

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    Posted: 25 February 2009 09:37 AM #22

    Plato - 25 February 2009 01:32 PM

    Too late to short FSLR? Down 15% or so in PM already.

    In PM today it’s run from 120’s-112’s.

         
  • Posted: 25 February 2009 09:39 AM #23

    kiwitrader - 25 February 2009 01:37 PM
    Plato - 25 February 2009 01:32 PM

    Too late to short FSLR? Down 15% or so in PM already.

    In PM today it’s run from 120’s-112’s.

    I see - I didn’t follow it yesterday that closely. So it went already down to 120 in AH yesterday.

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    Posted: 25 February 2009 09:52 AM #24

    Plato - 25 February 2009 01:39 PM
    kiwitrader - 25 February 2009 01:37 PM
    Plato - 25 February 2009 01:32 PM

    Too late to short FSLR? Down 15% or so in PM already.

    In PM today it’s run from 120’s-112’s.

    I see - I didn’t follow it yesterday that closely. So it went already down to 120 in AH yesterday.

    It went down to 113’s as far as I saw last night. Went back to 120’s early this a.m. and then bottomed another dollar lower to 112’s and drifted back up again. In other words, could see 120 again before the shorts pile on for anther ride.

         
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    Posted: 25 February 2009 09:58 AM #25

    The financials are up but battleing with SKF +165. What’s the gut feeling? Big sell-off of financials at the open? Edit: correction, BAC and C are up, all the others are down. I think I know the answer…

         
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    Posted: 25 February 2009 10:10 AM #26

    Wall Street apparently is not keen on the ‘stress test’ idea (see bank thread for all sorts of concerns).  BAC and C are, in a sense, safe because they presumably already fail the tests, but the government is assisting them and has promised, of a fashion, not to let them go under or nationalise them altogether (I’m sceptical about the latter promise, which is implicit at best).  Other banks have the uncertainty of the test hanging over them.

    Kiwi, what would you say would be a good entry level for FSLR?  Or is the volatility too wild, and one should stay clear for now?  The swings after earnings have been crazy.

    Edited: has anyone figured out what the 88 price for AAPL after hours was about?  I am half-tempted to set a limit order round 88 and see what happens in the opening minutes.

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    Posted: 25 February 2009 10:24 AM #27

    Winterpool - 25 February 2009 02:10 PM

    Kiwi, what would you say would be a good entry level for FSLR?  Or is the volatility too wild, and one should stay clear for now?  The swings after earnings have been crazy.

    FSLR is super thinly traded because of a small float. the Walton Family Trust owns a majority of the stock. Do your own DD, but IMHO, stay out unless you are prepared to day trade or hold through the volatility. But why bother holding through volatility? If the stock has the potential to see $300’s again, who cares if you buy at $110 or $120?

    FWIW, I have 2 blocks of it in my retirement account for long term. 1 block from last year at $180, the other block of equal size at $87.

         
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    Posted: 25 February 2009 10:36 AM #28

    Sold 40% of my BAC at $4.86, for a small profit. Too much lost sleep and effort for the money though.

         
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    Posted: 25 February 2009 10:37 AM #29

    willrob - 25 February 2009 01:50 AM

    Wednesday

    R4         104.96
      midpoint   102.21
    R3       99.47
      midpoint   96.72
    R2       93.98
      midpoint   92.22
    R1       90.46
      midpoint   89.48
    PP       88.49
      midpoint   86.73
    S1       84.97
      midpoint   83.99
    S2       83.00
      midpoint   80.25
    S3       77.51
      midpoint   74.76
    S4       72.02

    These don’t appear to be correct for today, based on the pivots I see on my trading screen. They look like yesterday’s pivots.

         
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    Posted: 25 February 2009 10:51 AM #30

    Looks like aapl is holding up well. I assume because of the shareholder meeting and Safari 4. Or a bull trap, short setup? Hardware is pretty mixed ATM.