AAPL Intraday Updates (Archive)

  • Posted: 28 November 2010 06:20 PM

    From Black Friday to Cyber Monday, how will the markets respond to fairly positive early reports of consumer spending activity over the long holiday weekend?

    [ Edited: 03 December 2010 11:36 PM by DawnTreader ]      
  • Posted: 28 November 2010 06:54 PM #1

    I’m hopeful the markets will be in positive territory Monday, barring any North Korea news that hurts. 

    Early holiday sale indications are good and EU seems to be grappling with Ireland’s bailout.

         
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    Posted: 28 November 2010 10:04 PM #2

    The retail sales have been solid.

    We already know that Apple products are the most desired this holiday season.

    If sales of all goods are up and people are willing to spend, why not spend on what their friends and families want?

    The analysts will drive this logic to further buying of Apple this week.

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    AAPL: to boldly go where no stock has gone before

         
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    Posted: 28 November 2010 10:12 PM #3

    predicted trading range remains about 305-330.  Much depends on the Koreas, not to mention Wall Street reaction to Black Friday.

    If Apple makes some PR announcement, that would be interesting.  Rather unlikely.

         
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    Posted: 28 November 2010 10:29 PM #4

    adamthompson3232 - 29 November 2010 01:45 AM

    Futures are slightly green.

    http://www.reuters.com/finance/futures

    Yeah, now that the dumb Irish took their medicine. Futures were down considerably, when the word “default” was being mentioned. But then they announced they are taking a bailout, and the futures went up today.

    And AAPL hit 315 on Friday on a down market today. I’m thinking it could be a nice week.

    [ Edited: 28 November 2010 10:32 PM by JDSoCal ]

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    Posted: 28 November 2010 11:11 PM #5

    JDSoCal - 29 November 2010 02:29 AM

    Yeah, now that the dumb Irish took their medicine….

    Hey, I resemble that remark! Looking forward to a good week as well. I certainly did my part with shopping this weekend.

         
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    Posted: 28 November 2010 11:54 PM #6

    ChasMac77 - 29 November 2010 03:11 AM
    JDSoCal - 29 November 2010 02:29 AM

    Yeah, now that the dumb Irish took their medicine….

    Hey, I resemble that remark! Looking forward to a good week as well. I certainly did my part with shopping this weekend.


    LOL  Me to 1 ipad and 1 MB Air.

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    Adversity does not just build character, it reveals it.

         
  • Posted: 29 November 2010 12:09 AM #7

    I just want to say that it is pretty nice to sit in my recliner by the wood stove, iPad in lap monitoring the inter webs smile

         
  • Posted: 29 November 2010 01:06 AM #8

    Monday

    R4       329.49
      midpoint   327.11
    R3       324.73
      midpoint   322.35
    R2       319.97
      midpoint   318.73
    R1       317.49
      midpoint   316.35
    PP       315.21
      midpoint   313.97
    S1       312.73
      midpoint   311.59
    S2       310.45
      midpoint   308.07
    S3       305.69
      midpoint   303.31
    S4       300.93

         
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    Posted: 29 November 2010 01:15 AM #9

    roni - 29 November 2010 04:09 AM

    I just want to say that it is pretty nice to sit in my recliner by the wood stove, iPad in lap monitoring the inter webs smile

    Careful, those Interweb pipes get hot.

    Bought my first iPhone ever a couple weeks back.

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    We filed for over 200 patents for all the inventions in iPhone and we intend to protect them. — Steve Jobs, 2007

         
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    Posted: 29 November 2010 02:09 AM #10

    Why Amazon has out-performed AAPL:

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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: 29 November 2010 04:40 AM #11

    Eric Landstrom - 29 November 2010 06:09 AM

    Why Amazon has out-performed AAPL:

    What is your time-frame?  AMZN hasn’t since the low of March 2009.  I think AMZN’s P/E is ridiculous.  I’ve never shorted a stock, but AMZN is tempting!

         
  • Posted: 29 November 2010 07:55 AM #12

    In the last yr, AMZN has lost it’s 7%+ no tax advantage in NY and many other states. The playing field is getting level.  I, for one, have greatly lowered the amount of items shopped there.
    Meanwhile, aapl in the same timeframe has come up with the iPad- & theMBA.

    As Mercel questions, what’s your time frame? 
    And let me add, is it a long or short timeframe?????

    Greyfox

         
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    Posted: 29 November 2010 08:54 AM #13

    China stepped in on a call for high-level talks trying to end the Korean Peninsula tensions without delay.

    Concerns over inflation in Asia countries still at the front position of worries, China playing the main role.

    Ireland got its bailout which includes on a grand total of 85 billion euro ($112 billion), 10 billion euros for immediate recapitalization measures, 25 billion euros on a contingency basis for banking system supports and 50 billion euros covering budget-financing needs, according to a statement from the euro-zone finance ministers.

    Has all macro issues gone away imagically? No, spreads on peripheral euro-zone sovereign credit default swaps widened to record levels in the wake of a lackluster Italian bond auction. Spanish and Portugal are now on the forefront of the European sovereign debt crisis with Italy on the verge of joining them.

    European stocks are mostly down. The Euro is under pressure and has broken down support.

    But not all is bad news, as markets are trying to look over the international macro issues and focus on developments on the domestic front, starting with an optimistic kickoff of holiday shopping over the Black Friday weekend.

    USDX at 80.725 up 0.36%. After breaking over 80, short covering was triggered and more upside of the greenback is expected. Euro at 1.3143 down-0.75%. The Euro has broken the trend line connecting the early June multi-year lows and August lows. It 100-day moving average is now far away at around $1.33.

    miniDJI 11,034 flatly up 0.04%. 50-day moving average 10,990

    S&P 500 1183.30 flatly up 0.01%. 50-day moving average 1170.

    Nasdaq 100 2142.75 down -0.15%

    AAPL at $315.23 up 0.07%. Last Friday, the stock went to $317.88 to close at $315. After market it went further down to $314s. Not a clear reading as volume was low but nevertheless not very constructive.

    Stock market still undecided if decouple from global macro and focus on domestic developments. Stocks are still oversold. Correction is still running its course.

         
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    Posted: 29 November 2010 10:47 AM #14

    Good Morning Boys and Girls

    Well the sponge sold some stock this morning.  Anytime the market is deeply red and we are slightly green, it is a sign of a correction in the making.  It may not happen today but by the end of the week we could lead the market by being down over 2%.  I could be wrong, but I rather cash in some profits and protect my margin position.

    I was hoping for stronger gains on Friday with a nice bump today.  Instead the markets are holding us back.  I am not going to fight that, so I sold about 20% of my position.  There is too much uncertainty in the air right now.

    Good Luck to all

    update;  I sold at 315.41 right now it looks like a wise move, since we just dropped $2 bucks in 2 minutes.

    [ Edited: 29 November 2010 10:57 AM by omacvi ]      
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    Posted: 29 November 2010 01:29 PM #15

    adamthompson3232 - 29 November 2010 04:25 PM
    Unique - 29 November 2010 04:21 PM

    Anyone predict how big of a correction we are looking at? The macro situation is really ugly..umm

    I hate to sound naive or arrogant but even if the correction is 10%, Apple will be higher in 2 months than it is today.

    I agree.  I am betting on a 5-7% correction before we go past 325.

    However if things are unstable market wide, we may only go back to 320 before going under 300 in Jan.  In other words a repeat of last year at this time. 

    No one really knows.

    I think we will close at the low of the day.