You are here: Home → Forum Home → The Mac Observer Forums → Apple Finance Board → Thread
AAPL Intraday Updates (Archive)
-
DawnTreader
- [ Ignore ]
It’s deja vu all over again.
Will Friday’s sell off continue into early Monday trading or will AAPL rebound at market open?
[ Edited: 28 May 2011 02:27 AM by DawnTreader ] -
I am wrong in 2 ways: see futures—now red. Also, tomorrow is not Memorial Day (a US national holiday).
In memory of Friday, we can expect a certain stability of pricing until Tuesday.
Ever the optimist, I look forward to a rise from now until Nov 2012.
[ Edited: 22 May 2011 11:47 PM by Tetrachloride ] -
I am not smart enough to know. With that said, it will either go up, stay the same or go down. :-D
If pressed for more detailed speculation, my feeling is that we will trend lower early this week leading to a reversal at some point leading up to WWDC.
-
Will the market continue to sell off? I sure hope so! :-D
And Monday night, we all get to watch Too Big Too Fail on HBO.
http://finance.yahoo.com/blogs/daily-ticker/too-big-fail-movie-why-andrew-ross-sorkin-131719463.html
Signature
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.
-
Obviously the new retail and anniversary celebration is not that impressive. I did not hear about discounts or any new products.
I think confirmation of limited impact from the China explosion does help since that was caused the strong sell off in the final hours on Friday.
I see us selling off early in a.m. and ending up right around 335. If we keep above 330 I will see that as a very positive sign.
OE is behind us, however we did close below max pain, so we may have have a hard time getting back over 345.
All I have to say is that WWDS and the cloud better be impressive other wise get ready to see 330-340 for the rest of the summer.
If we do get an iPhone at the end of June or beginning of July then we may see 360 again.
-
Did anyone else notice the response on the last conference call when asked about Steve? Besides the normal, there was a little blurb that kind of excited me. “Steve is looking forward to coming back full time.” (Not word for word). Guaranteed to boost the stock if we see that happen.
-
seems to be that ipad production was not affected:
good news AAPL
Signature
Full Disclosure:
- Long Apple
- Pro: Apple HDTV, iPhone Air, Stock split, Consumer robotics -
seems to be that ipad production was not affected:
good news AAPL
Futures are down substantial. not sure where apple is going to open?
-
seems to be that ipad production was not affected:
good news AAPL
Futures are down substantial. not sure where apple is going to open?
Well, down of course. This stock currently does not have the stamina to buck the trend.
-
Monday
R4 354.85
midpoint 351.89
R3 348.92
midpoint 345.96
R2 342.99
midpoint 341.05
R1 339.11
midpoint 338.09
PP 337.06
midpoint 335.12
S1 333.18
midpoint 332.16
S2 331.13
midpoint 328.17
S3 325.20
midpoint 322.24
S4 319.27 -
Rumor breaking tonight about a curved glass iPhone 5.
Read here -
Rumor breaking tonight about a curved glass iPhone 5.
Read hereI hope Apple’s new products don’t devolve into something like new model-year Harley Davidsons: oh goody: They moved the blinkers 12mm down the handlebars and this year, instead of a chrome primary cover, the primary is wrinkle-coat black!
Signature
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.
-
Rumor breaking tonight about a curved glass iPhone 5.
Read hereI hope Apple’s new products don’t devolve into something like new model-year Harley Davidsons: oh goody: They moved the blinkers 12mm down the handlebars and this year, instead of a chrome primary cover, the primary is wrinkle-coat black!
Apple is all about form follows function. Personally, I would welcome a new design. Are you predicting Apple is not going to add the A5 chip in the next phone?
If they’re adding curved glass by way of cutting it, then it’s likely to serve a purpose, even if that purpose is only to create a point of distinction the copycats would be challenged to emulate (note: the unibody MacBook pro stands alone in portable case construction).
-
John Molloy
- [ Ignore ]
PED is reporting the latest Foxconn stuff. Don’t think this will help us this morning:
Foxconn closes its polishing plants; effect on iPad unclear
There were several developments over the weekend following the explosion that killed three and injured 15 in a factory in southwest China that builds iPads for Apple (AAPL). (See Inside the Apple iPad factory.)
? The third death was confirmed. Six of the injured have been sent home. The rest are still hospitalized.
? The blast was traced to combustible dust that had collected in a “polishing workshop” duct in a recently completed factory complex in Chengdu, the capital of Sichuan province.
? Taiwan-based Foxconn, which built the plants in part to meet demand for Apple’s iPads, has suspended polishing operations in all its factories, including in Shenzhen, China, where it runs the world’s largest electronics manufacturing facilities.
? A Foxconn spokesperson told Bloomberg News that the company has more than a week’s supply of polished cases on hand and that assembly can continue while it performs safety checks.
? The Chinese government has imposed a news blackout, according to the Chinese website M.I.C. Gadget; most of the information coming out of Chendu is through Taiwanese television and the Web.
? Foxconn’s stock dropped as much as 5% Monday; Apple shares opened lower in Europe.
? Analysts are still trying to assess the effect on Apple’s sales. “The supply of iPad 2 has been running tight due to manufacturing yield issues and component shortages,” J.P. Morgan’s Gokul Hariharan told the Wall Street Journal. “This is likely to accentuate [the iPad] shortage in the near term, at least in the second quarter.”
Signature
.
-
The alarm goes off. The headline has a picture of it, “Ash cloud from a volcanic eruption in Iceland could reach parts of the U.K. on Tuesday”. Yes, tomorrow, not last year. Not again! D?j? vu hell.
Futures are sharply down on sovereign-debt worries in Europe. Is PIIGS all over again. Late Friday Fitch downgraded Greece?s debt rating provoking the late session selloff. Then came Standard & Poor`s to cut on its outlook on Italy?s rating a bit later. Today the European Stoxx 600 index is down -1.45%. The Italian MIB index is down -3.03%.
European debt woes coupled with data showing weakening growth in local manufacturing weighed on Chinese stocks and brought down Asian markets. China closed down -2.94%, South Korea fell -—-2.6%, Hong Kong -2.11%, Australia -1.89%, Japan 1.5%, Taiwan -1% and India -1.82%.
We are seeing selloff across the board on global markets, a take no prisoners slump. The greenback is up 1.09% and commodities/oil/metals down hard. The bearishness is pervasive. The market is getting oversold and a rebound should be close.
A look at FuturesUSDX at 76.35 up 1.02%. Euro at $1.4027 down -1.20%. The greenback bounced off support at 75 early Friday starting the selloff then.
Light Crude Oil (CL N1 at $97.49 down -2.61%. Brent Crude Oil (BRN 1N-ICE) $109.36 down -2.70%
Gold at $1508.50 flatly down -0.02%. Silver at $34.60 down -1.37%. Copper at $399.40 down -3.03%.
miniDJI at 12,356 less -110 points down -0.88%
S&P 500 at 1316 down -0.84%. 50-day simple moving average at 1325, last week?s low 1318 and 100-day moving average at 1313 are near term support. Watch it closely.
NASDAQ 100 at 2324.25 down -0.82%
AAPL at $331.69 down -1.05% early pre-market. News on the explosion at Chengdu with production suspended is weighing heavily.
Now to the Bell with special armor. D?j? vu all over again. -
The alarm goes off. The headline has a picture of it, “Ash cloud from a volcanic eruption in Iceland could reach parts of the U.K. on Tuesday”. Yes, tomorrow, not last year. Not again! D?j? vu hell.
Futures are sharply down on sovereign-debt worries in Europe. Is PIIGS all over again. Late Friday Fitch downgraded Greece?s debt rating provoking the late session selloff. Then came Standard & Poor`s to cut on its outlook on Italy?s rating a bit later. Today the European Stoxx 600 index is down -1.45%. The Italian MIB index is down -3.03%.
European debt woes coupled with data showing weakening growth in local manufacturing weighed on Chinese stocks and brought down Asian markets. China closed down -2.94%, South Korea fell -—-2.6%, Hong Kong -2.11%, Australia -1.89%, Japan 1.5%, Taiwan -1% and India -1.82%.
We are seeing selloff across the board on global markets, a take no prisoners slump. The greenback is up 1.09% and commodities/oil/metals down hard. The bearishness is pervasive. The market is getting oversold and a rebound should be close.
A look at FuturesUSDX at 76.35 up 1.02%. Euro at $1.4027 down -1.20%. The greenback bounced off support at 75 early Friday starting the selloff then.
Light Crude Oil (CL N1 at $97.49 down -2.61%. Brent Crude Oil (BRN 1N-ICE) $109.36 down -2.70%
Gold at $1508.50 flatly down -0.02%. Silver at $34.60 down -1.37%. Copper at $399.40 down -3.03%.
miniDJI at 12,356 less -110 points down -0.88%
S&P 500 at 1316 down -0.84%. 50-day simple moving average at 1325, last week?s low 1318 and 100-day moving average at 1313 are near term support. Watch it closely.
NASDAQ 100 at 2324.25 down -0.82%
AAPL at $331.69 down -1.05% early pre-market. News on the explosion at Chengdu with production suspended is weighing heavily.
Now to the Bell with special armor. D?j? vu all over again.This is certainly a trader’s market. I see apple dipping below important level of 330 today. Bottom catchers, get ready for 320s to start the position or add to the existing positions.
