More than likely, the “Fab Four” (AAPL, GOOG, BIDU, RIMM, etc.) are due to get shanked since they are loaded up by momentum players.
Sorry Artman I am not so up with the current vernacular as you seem to be. What is this “shanked” of which they speak? Is there a translation into English? American English would do at a push…
EDIT:
I have been reliably informed that it is a makeshift weapon used in prison to hurt someone: a makeshift object used for stabbing;
“We found a shank in his cell.”
However there are some other definitions:
to pull down someone’s pants.
She got shanked!
And one I find much more useful:
to out-perform or one up.
I just shanked you!
As far as the techs go, probably a mixed bag. I heard Fast Money’s Najarian last week talk about somebody buying huge puts in the QQQQ’s two days in a row as it was approaching the oft-discussed double top.
More than likely, the “Fab Four” (AAPL, GOOG, BIDU, RIMM, etc.) are due to get shanked since they are loaded up by momentum players. But some of the dogs in the NDX like AMAT, MSFT, FLIR, KLAC could be prone to some epic squeezes, which could keep the QQQQ’s flat on the week.
Artman - thanks for sharing - adding them to my daily read…. Keep up all this reading and eventually you are going to be (as they say in Boston where I’m originally from) - wicked smaht
Deagol is on PED’s page announcing a sharp drop in iPad sales after Friday’s initial burst of preorders. See it HERE
Most of the non-fanboys I speak with are skeptical that the iPad will be an important product, because they cannot yet see how it will fit into their lives. I think that it will be a long-term success, but that success may build slowly as people see early adopters enjoying it and begin to envision that it is a great format for daily use. Deagol’s figures look reasonable to me.
Our little ride to the top came to a halt this a.m.
I sold some at 224 and 222.84 earlier in a.m. for some nice profits.
Not sure we will bounce back today, I am more concerned about the next three days. With Fed decision tomorrow and OE exp on Friday, we could see 220 or lower if the market starts to drag us down.
The Dodd bill is not even understood yet and has low chances of passing yet talk of the Volcker rule still in place has crushed JPM and GS right now and is taking the markets down.
40 views in 10 seconds - I win now send me back the Zune loaded with Barry!
OK!
I knew - but I don’t want no Zune. My eyes are glued to the iPad but I can not haz it. Steve says I must wait. They (El Pais) say Apple is even cancelling preorders if they detect that they are from outside the Chosen Territory
As far as the techs go, probably a mixed bag. I heard Fast Money’s Najarian last week talk about somebody buying huge puts in the QQQQ’s two days in a row as it was approaching the oft-discussed double top.
More than likely, the “Fab Four” (AAPL, GOOG, BIDU, RIMM, etc.) are due to get shanked since they are loaded up by momentum players. But some of the dogs in the NDX like AMAT, MSFT, FLIR, KLAC could be prone to some epic squeezes, which could keep the QQQQ’s flat on the week.
Artman - thanks for sharing - adding them to my daily read…. Keep up all this reading and eventually you are going to be (as they say in Boston where I’m originally from) - wicked smaht
Zero Hedge is a perma-bear blog that cheers bearish sentiment. Never mind that we’ve been in a bull market for the last year, according to ZH, the sky will fall sometime, eventually. It’s just gotta.
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