If you like to judge a stock on a collaboration of intput, you should at least read their users comments following their earnings articles.
Try to figure out Apples sales figures can be a nightmare, these guys are pretty good at it.
If you like to judge a stock on a collaboration of intput, you should at least read their users comments following their earnings articles.
Try to figure out Apples sales figures can be a nightmare, these guys are pretty good at it.
Charles LaRocca
SiriusBuzz Founder
So, Apple got killed today because of a cut in iPhone part order but, what if they over ordered to begin with? What if they are busy developing and building the iPhone 6?
A run past $700 was likely unsustainable but, I just don't see how this is a sub $500 stock.
BTW, number products is a bad idea. iPhone 11? Dumb.
Charles LaRocca
SiriusBuzz Founder
Agree with you Buzz, cutting part orders can be for a lot of reasons, found it cheaper, new product development and phasing out old, etc. I think it is another over-reaction and an over sold situation I just had to buy into. Earnings next week will be interesting, even more so now that I am definitely going to hold through then.
http://seekingalpha.com/article/1110..._article_title
I think a BIG positive, $15 profit/share quarter is coming next week
for some reason I remember 486 as an important level for aapl, maybe there is a gap there, maybe even 435 rings a bell.
The iPhone is actually why I hold a position in VZ. The Apple news doesn't jive with Verizons activations or iTunes registrations.
Charles LaRocca
SiriusBuzz Founder
According to the P&F chart, AAPL is in the midst of a triple bottom breakdown which to me means there's further downside for the sp. The sp has support at 484.but if it breaks that level, watch out below because the next support level is at 392.
David
Yoda, there is a gap that could offer support also. Currently with yesterday's close, apple sits right above the neckline.
AAPL 2013-01-14.jpg
Here's a symmetrical triangle pattern for Deckers that I threw a little coin at. I'm playing the rebound to the top and anticipating an upwards breakout out of the triangle based on the volume patterns. Breakouts always need confirmation though. DYODD
Bearish Reversal Symmetrical Triangle - DECK U1.jpg
Limit - in your chart you state "a break below the neckline on above average volume would confirm the head & shoulder pattern with a target of approx $415". Does that mean that the break has to be done with the closing sp or can it be done with the High/Low sp? It appeared as is if came close if not actually broke thru on the low of yesterday, which is why I ask.
David