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It will depend on overall market sentiment in coming weeks. I welcome a nice big correction, because I think we need one in order to put things back to reality. But I doubt that is coming all right now (who knows...). So I instead just look for areas where max pain would be caused, and then expect market to try and get there before reversing.
For months now max pain has been by moving relentlessly higher and killing all shorts. Now maybe max pain is to get all those longs liquidated and entice some new shorts to come in again near the bottom, before ripping higher again.
Time will tell, but I think 560's is possible. Also possible is a stop anywhere near where we are, just below all the support you mentioned that was broken, and a move right back into the channel. It just depends how hungry the market's demons are, if they will take this break as an offering or if we need to sacrifice more sheep to slaughter
Quite a statement. Love or hate Apple, you can't deny the iPhone really revolutionized the entire industry. If they can do something similar in everyone's living room in terms of entertainment, ala Xbox-Apple TV type device, then I would say it would a welcome thing.
I've seen Xbox move this direction more and more, but it is still very weak compared to what could potentially exist. The current Apple TV product is not very good either.
I am hoping that maybe, just maybe, Xbox 720 will drastically improve things in this area, but Microsoft lacks the forward looking capability that Apple has demonstrated.
been a fun week trading AAPL this week...if you are trading intraday at least.
I'm continuing to watch the 611 / 612 area for that volume shelf break. if it happens I'm looking for 585 at least. Earnings tomorrow AMC will be interesting.
There is a clear down channel from 700 to 600 right now, which would be broken upon re-entering the rising wedge from May.
I would imagine this is forthcoming, unless earnings disappoint, which seems rather unlikely - but anything can happen.
With the new Mini iPad, they will definitely be taking a haircut on profit per unit. I imagine the build cost is probably quite similar to the full iPad, but they have had to price it much more competitively. Depending on the success of this unit, it could steal sales from the full sized iPad and definitely cut into earnings in the future.
I think that last paragraph is an overall trend for Apple that is unavoidable with their existing product line. What they must do continue to innovate new products. We need the next iPod, iPhone, iPad. I still think that the living room is the next logical choice to target, with the entertainment device/TV combo. I hope they announce something revolutionary in this direction soon.
Not sure where my attitude about AAPL is coming from. I was always a PC person--like veins in my teeth and solder resin in my nostrils far more than slick GUIs and sexy styling, somewhat asocial I guess--a geek, so there is that. I think mainly I miss Jobs as a contender, firmly believing individuals shape the destiny of companies & business sectors as much as cultures. I think if their value may not always be appreciated by corporations the value of individuals is less understood by investors and not at all by central planners. As a big Marshall McLuhan fan I'm prepared emotionally, spiritually and artistically but mainly as an investor for the i- concept (e.e. cummings, the poet, used no capitals either) to go the way of the carriage wheel, typeset print and poets.
Edited to add: Just remembered I was living in England when Rupert Murdoch had the final showdown with typeset unions. Left an impression on me. Times change, tastes change but most of all technology changes.
According to the report, Apple has already started reducing its orders from Samsung. The Korean firm was the top supplier to Apple for the first six months of the year, providing it with over 15 million LCD displays, a figure that dropped in the third quarter as Apple shifted some orders to LG and Sharp.
"But Samsung shipped less than [three] million to Apple during the third quarter of this year and we expect the quarterly shipment in the fourth quarter to fall to some 1.5 million," the unnamed source added.
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More colorful with some speculation and maybe more mole talk about Samsung kicking AAPL in the nuts again later.
