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| 02-07-2013, 01:02 PM | |
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Higher highs and higher lows on increasing volume. Just needs a little "news" spark like this to get it to pop.
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Not denigrating anyone here but do you all look at corporate strategies?
Apple has typically been a technology/marketing leader. They don't typically provide the best technology (e.g. forefront), but know how to design and "package" (sell) it well. It seems since Jobs died, they've shifted more to squeezing more out of the existing market - making cheaper equivalents of past products is a good example (iPad mini, recent announcement on cheaper iphone, etc). This is a huge strategic shift, as many people had always anticipated periodic new technology/new version announcements, which typically pushed existing users to upgrade. |
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Bears on notice. $485 ish to close gap. Strong hold here plus weekly momentum and a $550 close on the monthly puts 660 in scope.
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Right to target and rejected. Coil up, try again. Must be because its "manipulated."
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People getting into fist fights trying to buy iphones.
http://www.phonearena. |
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http://finance.yahoo.c
I find this mildly entertaining. A lot of these funds are levered on their positions so if they get called and have post while trading too thin, they'll dump. And since AAPL became a hedge fund "hotel" hang out during the hard run north, it suffered the same hard run south as these guys bailed on millions of shares. It's just so funny (sad?) that retail gets caught up in it every single time, managing to convince themselves the company has nothing but upside for X, Y, Z reasons. Yet, at the end of the day, the big money doesn't give a shit about any of it - they only care about their +/-. Same story, different stock. |
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Traders have tried to short the beast from day one on the "deteriorating fundamentals" and what has that done? Nothing but support price. One day they will probably be correct, but not until the market has eaten every last one of them. Looks like Aug of this year something will happen. Until then, fight the trend and die. |
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