Mace is totally messing with us.

Mercel - 14 October 2011 10:58 PM

There is a lot of short term money in AAPL and we’ve moved $50 in a week, setting up a sell-the-news on Wednesday, regardless of what Apple reports for earnings.  So far, AAPL is staying on script. 

What a great week for AAPL and redemption for iPhone 4s.  Last Sunday, a friend asked my prediction for this week, and I thought we would do $410 before earnings, which I thought was quite bold.  Then GOOG gives us a nice lift today. 

I’d feel more like celebrating if not for the news of SJ that lingers.

All AAPL has done in the last week is retrace valuations it had already achieved earlier in the quarter.  If that earlier move was premature (I don’t think so), then AAPL has a long ways to go in the next 2 weeks.

Funny about how you continue to feel about SJ’s passing.  I was telling my partner this morning that I still have trouble imagining him gone.  That led to a discussion of what he did with Apple.

I believe the end result of the mobile war was decided in 1997.  The battles had to be won, but the end result was already in the bag.

That is because nobody else was THINKING about the future.  The competition’s mind set was on then current technology and their place in the grand scheme AT THAT TIME.

While other’s were focused on the next 90 days, Jobs and the people he brought to Apple were focused on a 1,000 piece puzzle, putting it together one piece at a time.  The brilliance of Jobs and Co. was that they built the puzzle without the competition comprehending where Apple was going.

Now that the puzzle is nearly complete, Apple is five years ahead of any reasonable competitor, because there is NO CENTRAL vision (if a vision exists at all) to rally behind.  Only MSFT was in a position to provide that leadership, but we all know what Ballmer’s vision is/isn’t.

Just checked, and AAPL currently #3 on the Selling on Strength list.

That could cause you some concern, until you do the math and see that the dollar volume represents about 90,000 shares (block trades).  That’s out of 7.925 million shares sold so far today.

With the markets up so much this week, it must not take much to be listed on the Selling on Strength list.

Gregg Thurman - 02 December 2011 12:54 PM

Just checked, and AAPL currently #3 on the Selling on Strength list.

That could cause you some concern, until you do the math and see that the dollar volume represents about 90,000 shares (block trades).  That’s out of 7.925 million shares sold so far today.

With the markets up so much this week, it must not take much to be listed on the Selling on Strength list.

FWIW: I enjoy this stat, but have not found it predictive except on large days and on those large days lots of other indicators tend to agree for the medium term (i.e. 3 - 6 weeks), so w/r/t AAPL, I don’t think it means much except:

a) the $ is $100M or more (except on monthly or quarterly OpEx days or earnings days, then crazy volumes are expected)

b) when there here a huge difference between block trades and total trades (i.e. institutions are going the opposite way from individuals). I find these days the most interesting.

ChicagoBob - 02 December 2011 01:06 PM

FWIW: I enjoy this stat, but have not found it predictive except on large days and on those large days lots of other indicators tend to agree for the medium term (i.e. 3 - 6 weeks), so w/r/t AAPL, I don’t think it means much except:

a) the $ is $100M or more (except on monthly or quarterly OpEx days or earnings days, then crazy volumes are expected)

b) when there is a huge difference between block trades and total trades (i.e. institutions are going the opposite way from individuals). I find these days the most interesting.

The last few times AAPL has shown up on the Selling on Strength list the number of shares traded (block trades) were in the 125,000 area.

After running up nearly $40 (11%) in the last 30 days, AAPL did not show up on the Selling on Strength list today.

With as much as AAPL went up today (Thursday) you might expect that someone big took advantage to offload some shares.

Nope.  The bar to get listed on Selling on Strength was a measly $2.1 million.  That’s about 4,200 shares of AAPL sold in a single block, or the aggregate of several blocks.

Today was definitely a buying day, and on strength to boot.

#1 (by far) on Buying on Weakness last Friday:

WSJ Money Flows

Blah:

WSJ - Selling on Strength

Does this imply future performance? Also, is it potentially skewed due to OE?

1) Not sure; 2) Yes.

Phoebear611 - 16 March 2012 05:38 PM

Does this imply future performance? Also, is it potentially skewed due to OE?

I wouldn’t think so.  Today’s Selling on Strength value amounts to about 2.3 million shares. That’s only 7.7% of total volume today. Window dressing at best.

Gregg Thurman - 16 March 2012 07:02 PM

Phoebear611 - 16 March 2012 05:38 PM

Does this imply future performance? Also, is it potentially skewed due to OE?

I wouldn’t think so.  Today’s Selling on Strength value amounts to about 2.3 million shares. That’s only 7.7% of total volume today. Window dressing at best.

I agree.  No matter how hard the Bears tried to keep the stock down, the Bulls came through and were able to keep this stock up by one cent. That is amazing. Especially for a stock that’s worth $585.

That’s crazy thinking coming from a bull.  AAPL is worth $750.  Have you been drinking?

Stock priced at $585.