in Wait and See mode. Given the overall sentiment, and recent habit of selling off after AAPL news. It looks like tomorrow will be a spike and sell day. Much like the iPhone antenna press day. Price jumps on “news” and then sells off the next week.
-
Reply
You must be logged in to post a comment.
hocm12 11:35 am on August 31, 2010 524 days ago Reply
Except that aapl typically rallies into the event. This time it hasn’t budged (yet). I’m willing to wager aapl pops after the event for the first time given the wait and see mode
carlmuck 12:59 pm on August 31, 2010 524 days ago Reply
@hocm12
Yes, they typically rally into events, which concerns me greatly about tomorrow. The “sell on news” sentiment is strong these days, so without the pre-event rally, I’m worried.
conshmillo 11:57 am on August 31, 2010 524 days ago Reply
AAPL was pushing all day long yesterday. It just couldn’t overcome what market was doing after personal income data. If DJIA just stayed at 1045 yesterday and didn’t gain or lose a point, AAPL would be today 247-250.
hocm12 12:05 pm on August 31, 2010 524 days ago Reply
I’m just waiting for it to reclaim 10 day MA at 244.30, then hopefully push to 250 tomorrow
conshmillo 12:31 pm on August 31, 2010 524 days ago Reply
Crossing 245.75 should get us airborne.
caruso2323 1:07 pm on August 31, 2010 524 days ago Reply
who knows … maybe it will buy on the news … lol
mikeinmontreal 2:03 pm on August 31, 2010 523 days ago Reply
I just watched last year’s Keynote (sep 09) and Steve announced 30 million iPhones to date. So there should be an iPad and iPhone announcement tomorrow. Good = Rally, Bad = Freefall. Place your bets. I believe there is a reason the event is earlier this year though I have no idea why. Last year was not a major event with the exception of Steve coming back to Apple.