AAPL Intraday Updates - Archive

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    Posted: 01 June 2012 02:41 PM #331

    Eric Landstrom - 01 June 2012 05:25 PM

    I feel a disturbance in the force: Obama is close and his lips are moving.

    As long as he keeps talking about the Minnesota Vikings football team, we’ll all be okay.


    You’re right, I felt so much better when Bush and the republicans were in charge. Boy those were some great times huh?

    Eric in Austin

         
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    Posted: 01 June 2012 02:46 PM #332

    pep talk:

    We are just getting started. — Tim Cook

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    The only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do. — Steve Jobs

         
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    Posted: 01 June 2012 02:51 PM #333

    eric in Austin - 01 June 2012 05:41 PM
    Eric Landstrom - 01 June 2012 05:25 PM

    I feel a disturbance in the force: Obama is close and his lips are moving.

    As long as he keeps talking about the Minnesota Vikings football team, we’ll all be okay.


    You’re right, I felt so much better when Bush and the republicans were in charge. Boy those were some great times huh?

    Eric in Austin

    Sigh. You win. Feel better now? I’ll go one better: I personally accept responsibility for all the bad things you attribute to government. Perhaps now we can move toward discussing and creating the pro growth atmosphere every good Keynesian knows we need in order to bring our economy around without going further into debt.

    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.

         
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    Posted: 01 June 2012 02:59 PM #334

    Nevyn - 31 May 2012 01:25 PM
    Mav - 31 May 2012 06:18 AM

    I just looked it up:  http://www.investopedia.com/terms/p/paintingthetape.asp#axzz1wQRRbDIl

    So…?

    IMHO, Short term traders should consider taking some profits this week, considering that this strength may be due to quarter end for funds.

    I should listen to my own advice.  :(

         
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    Posted: 01 June 2012 02:59 PM #335

    Da Bears win today. 

    Buying opportunity?  For myself…not yet.  Markets not quite done overreacting, IMHO, so we’ll see.

    Signature

    The Summer of AAPL is here.  Enjoy it (responsibly) while it lasts.
    AFB Night Owl Teamâ„¢
    Thanks, Steve.

         
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    Posted: 01 June 2012 03:00 PM #336

    madmaxroi - 01 June 2012 02:59 PM

    Yes, Chas we should hire more postal workers to widen their loss and hire more governmental workers to make government bigger.  Give them guaranteed jobs for life I say.  Maybe we could deploy the new hires to continue the government’s study in the sex life of a chicken or deploy them with the porn-surfing S.E.C.

    Great, just great.

    Only if we supply them all and their families with iPhones, iPads, iPods and iMacs.

    Signature

    Waiting to be included in one of Apple’s target markets, but I still own an iPod, iPhone and iMac and APPL stock.

         
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    Posted: 01 June 2012 04:03 PM #337

    Enough with the politics in Intraday, people!  Take it to Death & Taxes!

         
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    Posted: 01 June 2012 04:35 PM #338

    lovemyipad - 01 June 2012 07:03 PM

    Enough with the politics in Intraday, people!  Take it to Death & Taxes!

    There’s nothing for you to see here that’s caused by any government policies or lack thereof. Keep moving.

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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: 01 June 2012 04:51 PM #339

    JDSoCal - 01 June 2012 07:35 PM
    lovemyipad - 01 June 2012 07:03 PM

    Enough with the politics in Intraday, people!  Take it to Death & Taxes!

    There’s nothing for you to see here that’s caused by any government policies or lack thereof. Keep moving.

    Exactly right. 

    Because economic policies are inherently not political. They are A-political. The absence of politics. A void. A null space between thought and action where nothing seems to ever take place. So when we’re talking economics, clearly there isn’t anything political about it. So what is the problem we innocently ask?

    Why this politic talk when we’re discussing economics?  :innocent:

    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.

         
  • Posted: 01 June 2012 04:59 PM #340

    So much for any kind of recovery near the close.

    I’m ready for a benevolent dictatorship.

         
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    Posted: 01 June 2012 04:59 PM #341

    Mercel - 01 June 2012 07:55 PM
    Eric Landstrom - 01 June 2012 06:36 PM

    I’m glad that among this August crowd somebody noticed my dig on Keynesian theory. The problem we face is something like stagflation. Government debt is high enough that if (or rather when)aggregate interest returned to the century old mean average of 6%, at our current levels of productivity, 25% of total tax revenue will go toward servicing interest on our debt and we’ll be forced into some type of structured austerity.

    Even so, economists of every stripe (even Keynesians) understand that any type of austerity implemented without corresponding growth in place to take up the slack will create a contraction in GNP and with it increased likelihood of recession.

    As a result of our present circumstance, to my way of thinking, we need to pursue stimulus by pushing pro growth private employment policy hard even at the cost of other do-good initiatives because we cannot employ everybody in government jobs and neither can see long afford to put everybody on the government dole when our debt is already at an unsustainable level (presuming inflation cannot devalue our debt before we realize 6% aggregate yields on our treasury debt).

    Wasn’t it Kenneth Galbraith who coined the word “stagflation?”  I never thought I would hear that again.  We need a new word.

    I think so. Somehow we find ourselves in a period of time where everything we own is deflating while everything we need is inflating in cost.

    Hopefully, the Royal Families will continue to flood markets with cheap crude, which at least in America can act as a real stimulus as fuel costs come down.

    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.

         
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    Posted: 01 June 2012 05:01 PM #342

    Mercel - 01 June 2012 07:55 PM
    Eric Landstrom - 01 June 2012 06:36 PM

    I’m glad that among this August crowd somebody noticed my dig on Keynesian theory. The problem we face is something like stagflation. Government debt is high enough that if (or rather when)aggregate interest returned to the century old mean average of 6%, at our current levels of productivity, 25% of total tax revenue will go toward servicing interest on our debt and we’ll be forced into some type of structured austerity.

    Even so, economists of every stripe (even Keynesians) understand that any type of austerity implemented without corresponding growth in place to take up the slack will create a contraction in GNP and with it increased likelihood of recession.

    As a result of our present circumstance, to my way of thinking, we need to pursue stimulus by pushing pro growth private employment policy hard even at the cost of other do-good initiatives because we cannot employ everybody in government jobs and neither can see long afford to put everybody on the government dole when our debt is already at an unsustainable level (presuming inflation cannot devalue our debt before we realize 6% aggregate yields on our treasury debt).

    Wasn’t it Kenneth Galbraith who coined the word “stagflation?”  I never thought I would hear that again.  We need a new word.

    Indignation

    Signature

    Waiting to be included in one of Apple’s target markets, but I still own an iPod, iPhone and iMac and APPL stock.

         
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    Posted: 01 June 2012 05:04 PM #343

    Mercel - 01 June 2012 07:59 PM

    So much for any kind of recovery near the close.

    I’m ready for a benevolent dictatorship.

    These guys have a model for you…...

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    AAPL: to boldly go where no stock has gone before

         
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    Posted: 01 June 2012 05:04 PM #344

    roni - 01 June 2012 02:24 PM

    Added to our Jan 2013 $550 position this morning

    ha, I also added some Jan 2013 @$500. This is the riskiest aapl position I have. haha.

    cheers to the longs
        JohnG

         
  • Posted: 01 June 2012 05:08 PM #345

    Ouch…that’s all I got to say today.