AAPL Intraday Updates (Archive)

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    Posted: 01 June 2009 05:37 PM #31

    Eric Landstrom - 01 June 2009 08:35 PM
    Mayor Quimby - 01 June 2009 08:19 PM

    In other news, Chinese children seem to understand what American adults do not:

    http://www.businessinsider.com/chinese-students-laugh-at-tim-geithner-2009-6

    But Turbo Timmie looks good.

    Matthew 7:15

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    The ends don’t justify the means…

         
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    Posted: 01 June 2009 07:39 PM #32

    So, if anyone posting here is trading AAPL, here’s a chart showing S/R at the 146.06 level. I may not be looking at this the right way, but if I am then you can say I knew what I was doing!  tongue laugh

    I was reading around the Woods over the weekend that $140 might be the end of the line for now, and today I see AAPL stopped at $139.99. If it should bust through tommorrow and CLOSE above $140, then let’s see if this $146 level becomes the next point of interest. This level was support until it failed on Sept. 15th and hasn’t been back there since.

    GL to all tomorrow!

    [ Edited: 01 June 2009 07:43 PM by kiwitrader ]
         
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    Posted: 01 June 2009 09:33 PM #33

    Mayor Quimby - 01 June 2009 08:37 PM
    Eric Landstrom - 01 June 2009 08:35 PM

    But Turbo Timmie looks good.

    Matthew 7:15

    Oh, wolves in sheep’s clothing, I love it! Nicely played.

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    Use your powers for good.

         
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    Posted: 02 June 2009 12:04 AM #34

    Eric Landstrom - 01 June 2009 08:35 PM
    Mayor Quimby - 01 June 2009 08:19 PM

    In other news, Chinese children seem to understand what American adults do not:

    http://www.businessinsider.com/chinese-students-laugh-at-tim-geithner-2009-6

    But Turbo Timmie looks good.

    FWIW…my experienced pro trader friend says rally on up to 1050 SPX.  GS to 160.  BAC to possibly 13 - 15.  He showed me technicals and basically it looks like the releveraging is causing a repeat of ‘08 to some extent with a possible collapse once again coming in early summer.  Just his take.  I’m in a very tiny short position via FAZ and will wait to see if he’s right at which point I go all in short.

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    The ends don’t justify the means…

         
  • Posted: 02 June 2009 12:29 AM #35

    Tuesday

    R4         150.91
      midpoint   148.82
    R3       146.73
      midpoint   144.64
    R2       142.55
      midpoint   141.74
    R1       140.92
      midpoint   139.65
    PP       138.37
      midpoint   137.56
    S1       136.74
      midpoint   135.47
    S2       134.19
      midpoint   132.10
    S3       130.01
      midpoint   127.92
    S4       125.83

         
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    Posted: 02 June 2009 01:14 AM #36

    Mayor Quimby - 02 June 2009 03:04 AM
    Eric Landstrom - 01 June 2009 08:35 PM
    Mayor Quimby - 01 June 2009 08:19 PM

    In other news, Chinese children seem to understand what American adults do not:

    http://www.businessinsider.com/chinese-students-laugh-at-tim-geithner-2009-6

    But Turbo Timmie looks good.

    FWIW…my experienced pro trader friend says rally on up to 1050 SPX.  GS to 160.  BAC to possibly 13 - 15.  He showed me technicals and basically it looks like the releveraging is causing a repeat of ‘08 to some extent with a possible collapse once again coming in early summer.  Just his take.  I’m in a very tiny short position via FAZ and will wait to see if he’s right at which point I go all in short.

    Your friend and I are reading the same play book. You should hop onto Skype and blab with Tim and I more often. Especially so since you’ve gone specialized into bonds.

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

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

         
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    Posted: 02 June 2009 01:42 AM #37

    Will be there when work slows down next week for me.  BTW…he says we may still fail but he favors another burst upwards.  He trickled into FAZ just in case as well but we’re both honestly waiting for what he calls an extension over the near term.  AAPL could see 150 by his methodology which would coincide nicely with any upcoming announcements.

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    The ends don’t justify the means…

         
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    Posted: 02 June 2009 10:49 AM #38

    I think we break through $140 today.  Will finally have ITM L-10’s grin

    EDIT: $141 touched but short lived.  :cry:

    [ Edited: 02 June 2009 12:12 PM by incorrigible ]

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    “Knowledge speaks, but wisdom listens.”
    - Jimi Hendrix

         
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    Posted: 02 June 2009 12:14 PM #39

    Mexican hat dance around RAD which has become the gift that keeps giving.

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

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

         
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    Posted: 02 June 2009 01:40 PM #40

    AFB needs a theme song today.

    Anyway, my boat is back in harbor picking up crew. They all have “C” stamped on their forehead and I’m jamming them in the cargo hold. I don’t expect them to row but they can write about how swell things will be every month.

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

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

         
  • Posted: 02 June 2009 02:57 PM #41

    Look at that - F and GM have better than expected (or actually not as bad as feared) May car sales. So Americans are back buying cars from money they take out of their Home Equity Loan, which they are not able to pay back since their homes are less worth than what they bought them for. Very encouraging - spend people, spend!!!  rolleyes

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    “We hang the petty thieves and appoint the great ones to public office.” - Aesop

         
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    Posted: 02 June 2009 04:01 PM #42

    Plato - 02 June 2009 05:57 PM

    Look at that - F and GM have better than expected (or actually not as bad as feared) May car sales. So Americans are back buying cars from money they take out of their Home Equity Loan, which they are not able to pay back since their homes are less worth than what they bought them for. Very encouraging - spend people, spend!!!  rolleyes

    F! I sold forty percent of F yesterday. Easy come, easy go. Next payday.

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

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

         
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    Posted: 02 June 2009 06:34 PM #43

    The incoming downtrend is the next hurdle for AAPL, currently at about $144. What could vault it over that thin red line?

    Pictures not working?

    [ Edited: 02 June 2009 07:07 PM by awcabot ]

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    downtrend.gif

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    Tightwad.

         
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    Posted: 02 June 2009 07:28 PM #44

    AAPL pop in AH Nothing I can find.

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    The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.

         
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    Posted: 02 June 2009 07:37 PM #45

    macglenn - 02 June 2009 10:28 PM

    AAPL pop in AH Nothing I can find.

    I think CNBC may have mentioned AAPL on Fast Money. Could be something else though.

    EDIT: QCOM also spiked at around the same time, and PALM tracked up a little, so it looks like the Fast Money piece is the reason for the pop.

    EDIT2: Honestly, what kind of idiot buys a bunch of stock just because the Fast Money guys say that the iPhone is popular? Was there really anyone who didn’t know that already?

    [ Edited: 02 June 2009 07:55 PM by wheeles ]

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    Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting. ? Jesse Livermore