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  • conshmillo

    conshmillo 3:02 pm on July 31, 2010 - 658 days ago

    Further Evidence Of Quote Stuffing Manipulation By HFT

    From Zero Hedge:
    “Recently we posted a required reading analysis by Nanex in which the market trading analytics firm presented irrefutable evidence of quote stuffing by HFT algorithms in tens of stocks, in which thousands of cancelled quotes would reappear each second with a definitive periodicity and regularity, around the time of the May 6 flash crash. Aside from the fact that it is illegal to indicate a quote without a trade intent, this form of quote stuffing is in fact manipulative when conducted by HFT repeaters in specific “shapes” as it actually moves the NBBO actively higher or lower, in cases pushing the bid/offer range up to 10% higher without even one trade ever having occurred, simply by masking a big block order which other algos interpret as bid interest and pull all offers progressively or step function higher (or vice versa, although we have rarely if ever seen the walking down of a stock over the past 18 months). It is as if the HFT lobby has been given the green light by the powers that be that it is safe to activate merely the bid-size quote stuffing algorithms, and not worry: the fact that the market is so one sided in its quote stuffing patterns is sufficient reason to worry of a concerted effort to push stocks higher, initiated from the very top, and effected by not only the Primary Dealer community but by the end-market “liquidity providers.”…

    more:

    http://www.zerohedge.com/article/its-not-market-its-hft-crop-circle-crime-scene-further-evidence-quote-stuffing-manipulation-

     
  • conshmillo

    conshmillo 10:00 pm on July 29, 2010 - 660 days ago

    Can’t help thinking GDP report tomorrow will be all right. I will call it hallucination as I have no way of knowing. But financial sector was up day before the report and I believe those sneaky bastards know. Also pullback toward the end of the week was very shallow. And that in spite of quite bearish (short term – 5days) TA. Consensus is 2.5 %.

     
  • 2
    conshmillo

    conshmillo 6:34 pm on July 29, 2010 - 660 days ago

    In the light of recent over the top ATT-BlackBerry announcement event introducing new BlackBerry 9800 smart phone it got me thinking. Why is ATT so eager to be attaching it’s name to BlackBerry? I know they have BlackBerries on their network for a long time, but I do not have a memory of joint ATT-RIMM event.
    I am thinking what good general would do at this point? There is growing competition from me-toos as they are all catching up with touch screens. Not that they are better, just only touch phones available on certain networks. I am thinking the moment the ATT relationship is more hindrance than benefit, good business would look for ways to expand the business. There are waste territories out there that allow competition to grow only because Apple is not participating in them. The ATT-RIMM event got me convinced that both ATT and Apple already know that expansion is coming. Apple will stay good partner with ATT as they need them subsidize cost of the iPhone. But they know that at this point not adding new networks would be counterproductive.

    Disclosure: I long on AAPL with various AAPL options

     
    • GotWake

      GotWake 8:25 pm on July 29, 2010 660 days ago

      I guess the contract could have been modified, but I don’t think we will see anything change before 2012. Apple can’t keep up with demand now. They could sell 8 million iPhones on Verizon without blinking an eye.

      I do agree that things are going to slow in the US over the next couple of years. If Apple could have handled the demand, this year would have been prime to go to multiple carriers.

      I think AT&T is just trying get into a defensive position. If they can broaden their base, it may help reduce defectors.

    • Zee

      Zee 9:18 pm on July 29, 2010 660 days ago

      Cult of Mac showed up when I did a Google search and then modified it for USA : How many iPhones are on T-Mobile’s USA network. You know for jail broken stuff … A July 21st story says they’re next. Like this fall. Maybe it’s like chess. Swapping pieces or when in doubt moving a pawn. No gambit though. Not always the best strategy but it does keep things moving. So, if AT&T takes the BB stuff, initial sales may/will reveal that numbers may be similar to projected Apple iPhone numbers should it end up on T-Mobile. So its like a win/win w/o having any destructive consequences to AT&T profits or T-Mobile’s relationships or iPhone/Apple $ losses or Rim/BB’s situation w Verizon/Droid. And maybe T-Mobile offers coverage where AT&T is weak. It’s only a theory. Plus T-Mobile is GSM and I think Apple does business with T-Mobile in Europe.

  • 9
    conshmillo

    conshmillo 10:09 pm on July 28, 2010 - 661 days ago

    - Carriage returns in posts now work properly
    - Links in posts are now clickable

     
    • rastard

      rastard 5:50 pm on July 30, 2010 659 days ago

      If someone replies to an earlier post, does that post get bumped to the top? (it doesn’t seem like it). Would we want it to? (and can it be done?)

      I really like the “Most Recent Comments” nav on the right, but today there were so many comments that some of them likely rolled off the bottom, resulting in me manually looking through a bunch of older posts that I really liked to see if there had been any new info added…

    • Birra

      Birra 7:54 am on July 31, 2010 658 days ago

      Consh, thanks for the returns and links.

    • nolavabo

      nolavabo 2:48 pm on August 24, 2010 634 days ago

      I agree with Rastard. The Most Recent Comments is useful but I have several improvements to suggest.

      - time stamp of some kind, either “18 minutes ago” or straight out time stamp
      - ability to select how many are displayed: either N posts OR some kind of “more” button
      - ability to sort by either Poster OR Thread, so “Nicu on …” OR “What a mess! has 5 new posts”

      I understand that this means more work for you, but I feel this would deliver a large increase in usability for the time invested.

    • conshmillo

      conshmillo 4:17 pm on August 24, 2010 634 days ago

      It is not matter of will, it is matter of time. I have a list of things I will be changing/adding as soon as time permits.

      • RattyUK

        RattyUK 4:59 pm on August 24, 2010 634 days ago

        @conshmillo
        would you post the list so we get to see where you are going with this? It’s very exciting.

        • conshmillo

          conshmillo 9:30 pm on August 24, 2010 634 days ago

          @rattyuk
          - Charts are most urgent one. Old traderhood had nice quick charts showing basic technical analysis. I am working right now on new charts that are 100% free of flash.
          - Then I want to introduce some form of “Live Trading Chat” as we had in old hood. This time based on hTML5
          - then I will do improvements to existing Discussions section which will include many points you guys made, including having pictures and video in posts.

    • Zee

      Zee 12:14 am on August 25, 2010 634 days ago

      Okay don’t laff. Seems funny though. I think some users may not be able to see the charts. According to wiki, “Daltonism” (color blindness) 7-10% of the population have difficulty with color, mostly males. [red/green-orange/lime.green : is the commonest] The -3 months, 10 Days/Price, 10 Days/Volume charts would be tough or impossible for some to see. Wiki’s article : “Category : Articles with images not understandable by color blind users” provides some clues. I think this is why Forbes, Silicon Alley Insider, Yahoo Finance, Google Finance … and maybe even Apple’s OS UI etc, use Black and White, Blue, and Gray. Those 4 colors, lets call them that, are probably what everyone can see. This c.b. phenomenon, interestingly, exists in less than 0.4% of females. I’ve read rare females even have hyper color vision that puts them in the same category of being able to see colors like a bird or a butterfly. So when you see business websites using a very limited array of colors and tones, it’s because people get sort of aggressive or messed up if they have issues easily seeing the content, maybe more so if its intellectual in nature. And, like when did anyone ever hear someone complain about an inability to see a color or the differences between colors : never : odd too when 7-10% have Daltonism. I thought of this because when Calan was invited to TH his response was, the colors didn’t do anything for him. Otherwise, in my life time the 7 or 8 people that I’ve know and secretly followed or studied that had Daltonism proved to have certain qualities in common. Pattern recognition was one of them. I will go out on a limb and believe that throughout Art history the men who were sculptors probably were the likely ones who had trouble with color and chose form, tone and light instead. Architects too, to boot. jmho.

      • conshmillo

        conshmillo 12:36 am on August 25, 2010 634 days ago

        @zee
        I don’t buy it. There is a reason why signal lights are using red and green and during the night they are on the dark background.

        Previous traderhood was all dark background, but I realized that it can get a little depressing to look at dark background. And people are used to read dark letters on white background from books and newspapers. That’s why I changed the design and made articles/discussions section light. But for charts and headers I love dark background and full page charts that are coming are on dark background too. As for little charts at the top, they are meant to be just little snapshots for quick overview of certain things (and there will be more of them). Consider them to be a little sketch for time being. We are still in (early) beta.

    • nolavabo

      nolavabo 11:25 am on August 25, 2010 633 days ago

      Men have inferior colour vision. However, men have superior night vision. A very small subset of men even have vision that stretches into the infra-red band, and can see the glow from the end of a TV remote control in complete darkness.

      Evolutionary biologists surmise that evolutionary pressures selected superior night vision for men (hunters), who would need to hunt even at night. Women (gatherers) would be more successful choosing the ripest/best/most correct berries/nuts/seeds with superior colour vision.

      Sorry for OT post, but I find this topic interesting.

      Getting back on topic, honestly, I don’t ever use the charts on TH as I have other websites for that. Chat would be great, but with a HUGE buffer please.

  • 7
    conshmillo

    conshmillo 7:24 pm on July 27, 2010 - 662 days ago

    I didn’t see this one coming. It looks very intriguing to me, but I think Apple should ease up on using word magic. It kind of enforces the notion that Mac users are at kindergarden level. I have to stop by at Apple store to try it out. It is potentially huge game changer, if it catches on as it can be used with (and sold to) all of the PCs as well. If they have patent on it and this is indeed the future of the mouse, then they got another tool for introducing Apple to PC users.

     
    • GotWake

      GotWake 11:02 pm on July 27, 2010 662 days ago

      I ordered one tonight. I think it is going to be great for my iMac. Apple understands how to implement touch input.

    • rastard

      rastard 11:14 pm on July 27, 2010 662 days ago

      Heh – I misread your post and thought that there was something called “word magic” that you wanted Apple to ease up on. I’m guessing you actually meant “Apple should ease up on using the word ‘magic’”. :-)

      I like the styling (very similar form factor to my Apple Bluetooth keyboard), but if it operates in the same manner as the Multitouch Trackpad built into my new Macbook Pro, I’m a bit skeptical that it’s the “future of the mouse.”

      I actually hate it. I constantly find myself frustrated when I want to move and click at the same time. While a normal mouse (or even a laptop with a conventional touchpad (or joystick-nub) and separate click-button) allows that to happen in one smooth motion, my MBP’s Multitouch Trackpad seems to require two separate steps — which is a lot slower, especially when “secondary clicking” or performing repetitive actions. I so wish I could revert to the Trackpad/separate button in the older MBP models… :-(

      That said, I’m sure a lot of them will be sold. :-)

      • Birra

        Birra 10:36 am on July 28, 2010 661 days ago

        @rastard, if you look at this article, you’ll see that there are actually button on the trackpad, you just can’t see them.

        http://www.businessweek.com/idg/2010-07-27/first-look-apple-s-magic-trackpad.html

        • rastard

          rastard 12:39 pm on July 28, 2010 661 days ago

          @birra

          I actually knew that. With the old Trackpad that had a separate button, however, you could move (on the trackpad) and click (on the button) at the same time. The new version (i.e. button integrated/under the Trackpad) looks cooler and seems slicker, but is far less usable to me.

          For example, Try sweeping to select a block of text and secondary clicking (either with two fingers or at the bottom right/left designated corner) at the same time. Fluid to do with a Trackpad w/separate button, even easier with a standard two-button mouse (can right-click while moving the mouse), but far slower with the new integrated trackpad. Now try doing it repeatedly 2 dozen times in a few minutes and you’ll probably see why it grates on me. :-(

    • RattyUK

      RattyUK 9:42 am on July 28, 2010 661 days ago

      I think they are actually quoting Arthur C. Clarke

      “Any sufficiently advanced technology is indistinguishable from magic.”
      Arthur C. Clarke, “Profiles of The Future”, 1961 (Clarke’s third law)

    • Birra

      Birra 10:12 am on July 28, 2010 661 days ago

      Don’t even use a mouse anymore. I’ve found that it’s so much more convenient to use gestures. It’s actually faster for me and I don’t have to make room for my mouse or protect the surface I’m using or carry extra stuff.

      It took me a few days before I became more facile with the trackpad than the mouse and perhaps some people never would like it as well as I do.

    • RattyUK

      RattyUK 11:26 am on July 28, 2010 661 days ago

      Actually the feet on the trackpad contain the buttons. Which is why there is a gesture for clicking on the right side of the pad or the left side for alt click.

  • 9
    conshmillo

    conshmillo 4:00 pm on July 27, 2010 - 662 days ago

    in SEP10 104 PUT @2.68

     
    • conshmillo

      conshmillo 11:50 am on August 2, 2010 656 days ago

      more @1.94

      • conshmillo

        conshmillo 12:51 pm on August 11, 2010 647 days ago

        @conshmillo
        out of half SEP10 104 PUT (1.94) @2.77 for +0.83 (+42.78%)

        keeping open the rest. I’ll be back for more. this is not over yet. (working hard to offset loses on AAPL in opposite direction)

    • conshmillo

      conshmillo 3:06 pm on August 13, 2010 645 days ago

      out SEP10 104 PUT (2.68) @3.25 for +0.57 (+21.27%)

    • Nicu

      Nicu 3:21 pm on August 13, 2010 645 days ago

      good job :)

      • conshmillo

        conshmillo 3:33 pm on August 13, 2010 645 days ago

        @nicu
        thanks. still long way to go to recover loses on 280 AUG AAPL calls. This weekly options pinning was killing me. Without any conspiracy theories it would be hard not to call it stock manipulation if you can land 228 billion behemoth on a dime at round numbers of 10 on every Friday.

    • Nicu

      Nicu 3:53 pm on August 13, 2010 645 days ago

      yep, I was thinking at the exact same thing; it seems that today will be true again, but 3 out of the last Fridays’ close were at less than 10c from a round number, if it holds true today too, that will be a probability of .00008% (including the 5th week that may be on any position in the experiment) – or less than one in a million – or less likely than flipping 20 times consecutively “face” with one (equilibrated) coin, given 1 try – or almost 4 consecutive number guesses at the Roulette (with one try)

    • Nicu

      Nicu 3:54 pm on August 13, 2010 645 days ago

      wow, there is some late action there :)

    • Nicu

      Nicu 4:01 pm on August 13, 2010 645 days ago

      so there is no 4th out of 5, there were some other interests there (see volume)

      • conshmillo

        conshmillo 4:06 pm on August 13, 2010 645 days ago

        @nicu
        No, look at the intraday 5 min chart. They tried whole day to stick it to 250. That rapid drop in DJIA in last 10 minutes fucked them over.

  • 14
    conshmillo

    conshmillo 11:48 am on July 27, 2010 - 662 days ago

    This super idiotic article on Motley Fool is number one article on Google Finance (read at your own risk). One below is third article. No mention of Apple refreshing the iMac line.

    Why Apple is in worse shape then it thinks

    http://caps.fool.com/Blogs/why-apple-is-in-worse-shape/424512

    Could an Apple investment turn out to be rotten?

    http://www.emailwire.com/release/45017-Could-an-Apple-investment-turn-out-to-be-rotten.htm

     
    • GotWake

      GotWake 3:30 pm on July 27, 2010 662 days ago

      You would think the idiot would learn how to spell. I love the same old arguments. Everything is cheaper and better than Apple products. Maybe he is kin to the idiot that wrote the piece about how Apple should give all of its cash to investors and take on some debt.

    • RattyUK

      RattyUK 5:31 pm on July 27, 2010 662 days ago

      Got into an argument with an old friend today about the cost of the new hexacore macs. He was complaining that they were too expensive at $4,500. He was doing really well until I pointed out that the a similar spec’d machine at Dell was almost a grand and a half more.

    • mikeinmontreal

      mikeinmontreal 5:49 pm on July 27, 2010 662 days ago

      I saw the first article….what a joke…but what about those Discussion Board nutjobs…Matt goes away, Fonz shows up, and now this Jay dude….WTF????

      • conshmillo

        conshmillo 6:30 pm on July 27, 2010 662 days ago

        @mikeinmontreal
        Thing with those geek types is that they think if you do not want to build your own computer in a shoe box for $200 dollars you are an idiot.
        We all have values which subconsciously guide our decisions. There is certain segment of population for which “cheap” is the #1 value in their hierarchy of values. They are disgusted and horrified if you buy anything they consider not cheap. This does not necessary mean poor people. Some poor people do not have cheap as #1 value in their hierarchy of values as they realize cheap is sometimes more expensive than quality expensive. As quality expensive lasts longer. Most of the Apple clients are professionals that do not specialize in building computers. They are specialists in their own fields and they need to use computer to get job done in those fields. They do not want to be figuring out mother boards and command lines and patches and blue screens. They just want to use computers for which they were intended. Apple has highest customer satisfaction precisely because they are giving people easy to use, ubiquitous, worry free environment. Those geeks can be saying whatever they want but this wouldn’t be the case if Apple wasn’t delivering. Apple must be the smartest computer maker on the planet. They decided to sell computers to people that do not have cheap as a #1 value. They do business with people that have ease of use and quality as a number one rule when buying a product and that do not mind to pay a little extra for that quality.

    • RattyUK

      RattyUK 5:58 pm on July 27, 2010 662 days ago

      Well to be honest Google has done the level best to kill of that discussion board. At least here stuff can be discussed with intelligence and decorum.

    • rastard

      rastard 4:21 am on July 28, 2010 661 days ago

      If you thought the Motley Fool article was idiotic, wait until you see this one:

      Study: iPad owners are selfish, unkind anti-geeks
      http://news.cnet.com/8301-17852_3-20011882-71.html

      Bleah.

      • conshmillo

        conshmillo 4:50 pm on July 28, 2010 661 days ago

        @rastard
        “Study: iPad owners are selfish, unkind anti-geeks”

        I read original of it on Wired. My comment was: Is MyType whole subsidiary of Gizmodo? :-)

    • RattyUK

      RattyUK 9:40 am on July 28, 2010 661 days ago

      “Study: iPad owners are selfish, unkind anti-geeks”

      Well the “unkind anti-geeks” might come from a knee-jerk reaction from being told by all the smart-ass wunderkids how big a “fail” the iPad would be. This Google-driven anti-Apple hype needs to quieten down a bit.

    • rastard

      rastard 1:51 pm on July 28, 2010 661 days ago

      Google-driven? Why do you (and Consh before you) say that?

      Aside from a few snarky references to Apple at their developer conference a couple of months ago, I don’t recall ever seeing any actual anti-Apple sentiment expressed by Google execs, employees, PR, etc. I actually know a fair number of people who work at each company (and a number of them are actually friends with one-another), and they all seem to have great respect for the other company and each other’s products (I don’t know any Apple employees with Android phones, but a lot of the Googlers seem to have Macbooks and iPhones).

      Sure, there are Tech Bloggers who try to increase their viewership by bashing Apple and/or Google and/or spinning some big controversy as existing between them (that behavior isn’t anything new for the media) and of course there are Android fanboys and Apple fanboys who want to one-up one another — but neither company is responsible for any of those folks.

      Regarding Consh’s belief that Google perhaps manipulates articles on Apple. I suppose it’s possible, but a quick search on Bing News produces most of the same stories/articles. The Motley Fool blather about AAPL was up there yesterday (listed 3rd or 4th though, IIRC), and the #1 result for a news search for Apple iPad right now is the same stupid story about iPad owners being elite, selfish, wealthy:

      http://www.bing.com/news/search?q=apple+ipad&FORM=YGNR&p1=NewsVertical+SortByDate%3d%221%22

      I own a bunch of Apple products, and think they’re great. I use a lot of Google’s products, and think they’re best-in-breed too. Most people I know feel the same about both. What are you all seeing that that makes you think Google is driving anti-Apple hype, or that there even needs to be a battle between them?

    • conshmillo

      conshmillo 4:46 pm on July 28, 2010 661 days ago

      You can start with removal of Google Finance Discussions. It was basically Apple Finance discussion board as none of the other discussion boards came even close to the amount of traffic Apple board generated. Reason I feel Google is contributing to this (in a big way) is amount of negativity we have seen in past month about Apple. There are not many outlets that generate news from various sources like Google News and Google Finance. Both of those sources were pounded with negative articles constantly. You can argue it was because blogosphere went nuts. But I will argue how it went independently nuts? They all started raging about Apple because 0.5% of people complained about antenna? I don’t think so. You must allow negative to flow through and block positive in order to generate such a negativity for no issue in such a short time. Who is at gates of this? Who controls the flow? Google does. Sergey and Larry might be “No evil”, but Schmidt certainly is not.

      • rastard

        rastard 2:32 am on July 29, 2010 661 days ago

        @conshmillo

        “You can start with removal of Google Finance Discussions.”

        I guess I’ve always attributed the disappearing Finance Board postings to the Google Finance team’s incompetence rather than any malicious/biased intent. Either that, or Google really just didn’t care about their boards (that would actually be my guess). The disappearing posts seemed to be pretty random and equal opportunity to me. For example, while I think stuff you wrote disappeared, it seemed like stuff posted by Draiko/MattDelmas frequently did as well. The only person whose postings always seemed to remain untouched was Buddy. :-)

        FWIW, one of the top stories on Google News about Google itself right now is one by Appleinsider that puts a pretty negative spin on Android:

        “Millions of Android users hit by malicious data theft app” (ouch!)
        http://www.appleinsider.com/articles/10/07/29/millions_of_android_users_hit_by_malicious_data_theft_app.html

        When searching Bing News and Yahoo News for “Android Security”, however, that rather inflammatory headline doesn’t even appear in their respective top 10 results . Instead, they’re covering that exact same topic, but have lead with articles which are actually far more complementary to Android:

        “App Genome Project’ Exposes Potential Smartphone Risks”
        http://www.darkreading.com/insiderthreat/security/app-security/showArticle.jhtml?articleID=226300078

        “Experts: Android, iPhone security different but matched”
        http://news.cnet.com/8301-27080_3-20009362-245.html

        If Google were manipulating coverage, one would think they’d bury all stories that were unfavorable to them. Because they don’t (or at least not all of them), it leads me to believe that they really are just posting the stories that are most linked by other sites (i.e. whatever it is that their renown Pagerank algorithm does). Who knows though…

    • RattyUK

      RattyUK 8:54 am on July 29, 2010 660 days ago

      @rastard “Regarding Consh‚Äôs belief that Google perhaps manipulates articles on Apple. I suppose it‚Äôs possible, but a quick search on Bing News produces most of the same stories/articles.”

      Indeed but what I think Conshmillo was referring to was the news on the Apple page of Google finance. Not discussions not other news. What he was saying that the top right headlines on that page are being manipulated to promote the BAD news over good.

      On Tuesday when Apple refreshed the machines the Google Finance page for Apple had those news items he linked to with no mention of the new machines.

      Yes Bing will also return the same information but it isn’t sitting in a trading page, for traders with selected news as opposed to random news as it appears. So Google are curating the news for that site and are making things appear bad even when there is plenty of good news around.

      • rastard

        rastard 11:24 am on July 29, 2010 660 days ago

        @rattyuk

        Ah, okay. Thanks for clarifying. I understand the area you’re both referring to now.

        I’ve never noticed a negative Apple bias up there, but I’ll take both your word for it, because I’m realizing that I rarely even look up at that section anymore. The headlines in it generally never seem to be related directly enough to Apple to even make it worth my while to click on them, so I think I’ve pretty much decided that top-right feed is useless (and instead follow the feed at http://news.google.com/news?hl=en&q=Apple instead).

        Currently item B is “Motorola 2Q earnings climb, revenue stabilizes”, item E is “Motorola’s quarterly profit surges”, and item N is “Stock Buy: Ford Motor, Inc.”. Yes, I recognize that Motorola is a competitor and am sure there’s probably *something* relevant to AAPL in each of those articles, but c’mon Google — do you really think an article headlined “Stock Buy: Ford Motor, Inc.” is worth posting as a selected item for an AAPL news feed?

        Anyway, thanks again for clarifying. I’m going to start keeping an eye on that top-right feed. I just figured they were incompetent (or just didn’t care enough about Google Finance to put resources into making it useful), but am now interested in seeing if there’s a actually a bias there too.

  • 2
    conshmillo

    conshmillo 2:10 am on July 26, 2010 - 664 days ago

    Wednesday Jul28, 8:30Am ET – Durable Goods
    Friday, Jul30, 8:30AM ET – GDP
    EARNINGS:
    Tuesday: Aetna (AET), AK Steel (AKS), BP (BP), Broadcom (BRCM), Ceradyne (CRDN), DuPont (DD), Earthlink (ELNK), L-3 Communications (LLL), Lockheed Martin (LMT), Office Depot (ODP), SAP (SAP), UBS (UBS), Unisys (UIS), US Steel (X), Valero (VLO)
    Wednesday: Akamai Technologies (AKAM), Coca-Cola (CCE), ConocoPhillips (COP), Corning (GLW), General Dynamics (GD), Sprint Nextel (S), Symantec (SYMC), Teradyne (TER), Boeing (BA), Visa (V)
    Thursday: AstraZeneca (AZN), Barrick Gold (ABX), Diebold (DBD), Dynamic Materials (BOOM), Expedia (EXPE), ExxonMobil (EXPE), First Solar (FSLR), Goodrich (GR), Goodyear (GT), Kellogg (K), McAfee (MFE), MetLife (MET), Motorola (MOT), Northrop Grumman (NOC), NutriSystem (NTRI), Panasonic (PC), Potash (POT), RadioShack (RSH), Raytheon (RTN), RealNetworks (RNWK), Siemens (SI), Sony (SNE), Southwest Airlines (LUV), Sunoco (SUN), Wynn Resorts (WYNN)
    Friday: Alcatel-Lucent (ALU), Chevron (CVX), Merck (MRK), Weyerhaeuser (WY)

     
    • conshmillo

      conshmillo 2:44 am on July 26, 2010 664 days ago

      As for direction of markets this week I am split 50/50. All three markets I watch are in the similar situation. They are all approaching major resistance and are at overbought levels on daily stochastic (DJIA, Shanghai SSE, London FTSE100). This should mean pullback. On the other hand, the very fact that they are the edge of those resistances could mean that any positive event during the week (and EU bank stress tests could be already providing this reason in part) could send them over the resistance levels and cause the breakout.
      AAPL itself is in similar situation for little different reasons. As for MACD it is in very nice place as it just made bullish cross there. But days that followed the earnings last week AAPL was acting very weak, underperforming market averages during those days. You can see stochastic curving down way too early. I do not know if this is because of introduction of weekly options and pinning it to round numbers, as nolav mentioned, or if it is due to the general negativity about Apple in blogosphere (it seems to be fashionable among geeks to bash Apple), fear that antenna issues will slow the iPhone4 sales or increased costs (wages) at Foxconn causing fear of lower profit margins. But no matter what it is AAPL was acting weaker after the earnings.
      I am expecting non directional volatile week, as there is enough ammunition for both sides. We are heavy on non-technological earnings this week in some heavy industries, oil, and defense among others. I have no idea how those will fare. GDP report on Friday may cause some caution due to uncertainty and aid to pullback toward the end of the week.

    • nolavabo

      nolavabo 8:00 am on July 26, 2010 663 days ago

      Spx managed to close over 1081ish swing point. This clears the road up to 1131.

      I agree with Consh here. You can argue in either direction. Just be ready for volatility. I’ve started my vacation so will not be watching the market live. As a result I will be much more cautious than usual. I have individual stocks but no ETFs right now.

  • 21
    conshmillo

    conshmillo 3:34 pm on July 23, 2010 - 666 days ago

    Holy mother of god, break out of that 260 already!

     
    • nolavabo

      nolavabo 5:23 pm on July 23, 2010 666 days ago

      I blame this one on weekly options. Pinned to $260.

      Imagine you are a big fund. You want to buy some shares to play earnings. You tell your media friends to go nuts over the antenna, and your analysts to keep talk about missing on margins. Every time it goes under $245, you start loading up. Simultaneously, you sell the July $250, and pin it to $249.90 on opex, as it expires just 2 days before earnings.

      But you know Apple will smash earnings again, and you should sell after earnings. So after opex, you start selling covered weekly calls, at a price that locks your profit in. Get called out? No problem, you still keep the money. You unload a few on Wednesday at the open. You see it selloff all day. You don’t sell at the bottom, but you have a plan. Then you keep it under $260 all week. How? By setting massive sell orders every time it comes close. Everybody who bought $260 calls is seeing the IV evaporate away. Finally on Friday, you let it go over by 30c a few time, since IV has fled enough that it doesn’t matter anymore. By the close, make sure to pin it to $259.94 so you can screw even those who bought the calls on Friday intraday.

      It was driving me nuts watching it all day. It was also making me a little bit angry.

      I bought August calls with 10 minutes to go. I expect it will break out of $260 on Monday.

      • Nicu

        Nicu 6:11 pm on July 23, 2010 666 days ago

        @nolavabo
        yep, it was strange how it hit $260 for like 6 times yesterday and few times today

        but what was the volume on those options to be able to control the share price for more than one day ? – we had cumulated volume of more than 70M the last 3 days …

    • nolavabo

      nolavabo 9:58 am on July 24, 2010 665 days ago

      Generally speaking in order to write options you need to own the underlying stock first. More than a few funds came out recently saying that they were unloading AAPL as it had already doubled for them. If I were them this is exactly how I would sell – keep writing CCs until I was called out, pinning it each month at expiry.

    • Zee

      Zee 2:24 pm on July 25, 2010 664 days ago

    • Zee

      Zee 3:56 pm on July 25, 2010 664 days ago

      btw re : “Your comment is awaiting moderation.” What’s that about?

    • mikeinmontreal

      mikeinmontreal 10:41 am on July 26, 2010 663 days ago

      Yet another day under $260.

    • nolavabo

      nolavabo 9:37 am on July 27, 2010 662 days ago

      Finally! Broke over 260. Expect a nice run off this, as she has been artificially suppressed for days now.

    • Nicu

      Nicu 9:42 am on July 27, 2010 662 days ago

      Am I dreaming ? 20 minutes over $260 ? I thought I’ll never see this day LOL

    • Nicu

      Nicu 9:50 am on July 27, 2010 662 days ago

      oups, division by zero :)

      it’s only now about 20 minutes !

    • mikeinmontreal

      mikeinmontreal 10:58 am on July 27, 2010 662 days ago

      Wow. GOOG back to where it was after missing estimates. AAPL still can’t hit the price the day after beating estimates.

    • conshmillo

      conshmillo 11:37 am on July 27, 2010 662 days ago

      Only problem we have right now is that all three markets are at overbought levels now (DJIA, Shanghai SSE, London FTSE100). Shanghai barely moved last night and ended up slightly in negative. Locked in a doji. London is the same only a bit in positive. We need now earnings to support the markets. Moreover GDP report is on Friday and we’ll most probably see markets go against AAPL (if keeps trying to go up) toward the end of the week. One good thing about last weak weakness though is that it was done on very low volume. I don’t think judging by the volume during those days there was widely spread selloff.

    • mikeinmontreal

      mikeinmontreal 2:46 pm on July 27, 2010 662 days ago

      Sold all my Oct Calls…holding only Jan 11 and Jan 12 calls for now. Just a defensive move for now. I don’t like these weekly expirations one bit.

    • nolavabo

      nolavabo 8:54 pm on July 27, 2010 662 days ago

      Sold all of my 20100730 $260 calls today as well for +$1 and +$1.20. Something feels wrong.

    • mikeinmontreal

      mikeinmontreal 5:21 pm on July 28, 2010 661 days ago

      Some market-moving economic news tomorrow and Friday….if jobs, GDP and consumer confidence don’t create a warm, fuzzy feeling, maybe a pullback into low 250s between now and then and a miraculous rise to 259.99 on Friday at 3:59…Man, I hope the weekly options don’t come back next week…..Waiting to pounce on some more long-term options….bear in mind that my advice and 2.00 gets you a ride on the bus in my beautiful city….

    • nolavabo

      nolavabo 2:57 pm on July 29, 2010 660 days ago

      Back to being pinned at $260. Sigh. This is getting boring.

      I still maintain that the best explanation is large holders selling, but doing so via writing covered calls. Seems they chose the weekly ones as their favourite method.

    • mikeinmontreal

      mikeinmontreal 3:15 pm on July 29, 2010 660 days ago

      ….and another weekly expiration next week….I can’t go short-term when I see this type of stuff…Averaged down on some more Jan 11 calls this afternoon close to the low of the day…

    • Nicu

      Nicu 10:10 am on August 2, 2010 656 days ago

      is that 260 story over yet ? or are we going to revisit that magic number ?

    • conshmillo

      conshmillo 12:50 pm on August 2, 2010 656 days ago

      266 is new resistance. We need to pass that to see some kind of breakout.

    • Nicu

      Nicu 9:52 am on August 3, 2010 655 days ago

      back to square 1 :(

    • nolavabo

      nolavabo 9:48 am on August 6, 2010 652 days ago

      Back to 260 pin? These weekly options are horrible.

    • conshmillo

      conshmillo 12:19 am on August 7, 2010 652 days ago

      Groundhog Day!

  • conshmillo

    conshmillo 12:58 pm on July 22, 2010 - 667 days ago

    (AP) 7/22/2010 TAIPEI, Taiwan — Foxconn Technology Group, which makes iPhones and other gadgets for global technology companies, plans to charge them more to partly cover wage increases at its mammoth manufacturing compound in southern China.
    The extent of price hikes will differ according to products, C.L. Huang, vice president of Hon Hai Precision Industry Co., parent firm of Foxconn, said at a news conference Wednesday night. She did not name the clients.
    The Taiwanese firm announced in June two raises, more than doubling the basic worker pay to 2,000 yuan ($293) a month for Chinese workers who make iPhones, iPads and other brand-name electronics for corporations including Apple Inc. and Hewlett-Packard Co.
    read more:

    http://www.google.com/hostednews/ap/article/ALeqM5gFeK9437J_UKowin57Dbi1qFLfdwD9H40CS00

     
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