It has been stuck in a $10 range for 2.5 weeks, I think it’s only the 3rd time this year; and now it means a much smaller % range … and this following (great) earnings. Should I also mention the volume that is going slowly to zero ?
Am I getting paranoid because of my Aug calls or is that a bit unusual to say the least ?
I hope those number are good tomorrow.
*Unless It’s Profitable
Google bargains away net neutrality!
Google-Verizon Deal: The End of The Internet as We Know It
“For years, Internet advocates have warned of the doomsday scenario that will play out on Monday: Google and Verizon will announce a deal that the New York Times reports “could allow Verizon to speed some online content to Internet users more quickly if the content’s creators are willing to pay for the privilege.”
The deal marks the beginning of the end of the Internet as you know it. Since its beginnings, the Net was a level playing field that allowed all content to move at the same speed, whether it’s ABC News or your uncle’s video blog. That’s all about to change, and the result couldn’t be more bleak for the future of the Internet, for television, radio and independent voices.”
more…
http://www.huffingtonpost.com/josh-silver/google-verizon-deal-the-e_b_671617.html
Traderhood Note: Droids, are you waking up yet?
Schmidt is for Google what Sculley was for Apple!
I thought Android was supposed to be “OPEN” but apparently you can only get Skype if you are on Verizon…
Skype apparently made an exclusive deal with Verizon for initial launch:
http://skattertech.com/2010/05/skype-mobile-coming-to-sprint-htc-evo-4g/
Google and Verizon speak: http://policyblog.verizon.com/BlogPost/742/JointPolicyProposalforanOpenInternet.aspx
My quick summary read:
- No actual business deal between Verizon and Google (yet?)
- Instead, they’re making a joint proposal for the FCC and Congress to enact (or not)
- Their proposal would establish Net Neutrality requirements for wireline broadband internet access.
- Their proposal doesn’t establish Net Neutrality requirements for wireless internet access — except for some kind of transparency requirement with GAO review.
Will be interesting to see how the media and blogosphere react. Seems to be a complete win for Network Neutrality on the wireline side (I’m actually rather surprised to see that Verizon essentially agreed that carriers shouldn’t be able to do what Comcast did). Not so much on the Wireless side (things just remaining status quo), but I’m wondering if they just punted on that for now to get an agreement about wireline through.
Watch for 10,600 on DJIA. If it doesn’t hold we could have a breakdown. AAPL is bucking the trend slightly first time in last 7-10 days.
ECONOMIC CALENDAR:
Monday Aug2, 10:00AM ET – ISM Manufacturing Index
Tuesday Aug3, 8:30AM ET – Personal Income
Tuesday Aug3, 10:00AM ET – Pending Home Sales
Friday Aug6, 8:30AM ET – Employment Report
EARNINGS:
Monday: Evergreen Solar (ESLR), Infospace (INSP), Oshkosh (OSK), VeriSign (VRSN)
Tuesday: Electronic Arts (ERTS), OfficeMax (OMS), Pfizer (PFE), Priceline (PCLN), Procter & Gamble (PG), Dow Chemical (DOW), Whole Foods Market (WFMI)
Wednesday: AOL (AOL), Garmin (GRMN), Jack in the Box (JACK), News Corporation (NWS), Owens Corning (OC), PG&E (PCG), Ralph Lauren (RL), Prudential Financial (PRU), Qwest Communications (Q), Toyota (TM)
Thursday: CIGNA (CI), Foster Wheeler (FWLT), Hansen Natural (HANS), Hyatt Hotels (H), Kraft Foods (KFT), MetroPCS (PCS), ValueClick (VCLK), Viacom (VIA), Walt Disney (DIS)
Friday: Evergreen Energy (EEE)
Shanghai, London, futures all up. Looks like a strong open. Although I wish it to continue for the whole week, I can’t see where it could get fuel to do so. All 3 market indexes are at the overbought levels and we do not have that many earnings reports this week. Only what could drive it higher this week would be some positive economic reports. Monthly employment report on Friday will probably drive markets lower toward the end of the week.
“Two Gulf states have announced bans on some functions of the Blackberry mobile phone, claiming security concerns.
The United Arab Emirates is to block sending emails, accessing the internet, and delivering instant messages to other Blackberry handsets. Saudi Arabia is to prevent the use of the Blackberry to Blackberry instant messaging service. Both nations are unhappy that they are unable to monitor such communications via the handsets. This is because the Blackberry handsets automatically send the encrypted data to computer servers outside of the two countries.”
more:
Yo. GS has just targeted the stock at $50 and a sell.
Pre-market- cbc tv mentioned Indonesia may also be airing concerns about monitoring the bes.
I think they’re clearly 5-7 countries wrestling with the issue. Might be a chain reaction. If a T. organization is found w the device that will be v bad for rim and global perception over the bb’s usage. Rim’s recent position on the bes/noc issue addresses only how important it is to enterprise and ecommerce. Some find what’s omitted in their statement telling.
Stock could be a good short; the 9800 doesn’t look like it’ll light up the consumer market. jmo.
Add the EC : European Commission who’ve banned the BB from staff usage but for recommending the iPhone or HTC devices. -source yahoo finance.
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:
Bet this thing sells like hotcakes, but wouldn’t the magnets mess up the iPad.
Nifty idea. For $75 a pop, I’d hope they’d build it so that the magnets weren’t an issue. On the other hand, they’d have to be some pretty hefty magnets to support the weight safely…
I hope it goes lower before it gets higher 
eventually AAPL way up so I can recover my $$$ from Aug $260 calls and TSLA way down so I could get a better discount of my Model S in 2012
out of half of my TSLA stock position @ $35.40 (+$15.59 or more than 78% in a bit less than 4 months) – unfortunately it is a small position
Fortune doesn’t see a bright future for Google.
http://tech.fortune.cnn.com/2010/07/29/google-the-search-party-is-over/
Schmidt is Google’s Sculley. Smart phone makers that use free Android OS are building their systems on sand. As all open source it too will become fragmented and incompatible between various versions of it. Geeks will be able to figure it out and tweak it but NORMAL people wont. Unfortunately for Google and smartphone makers that will build their businesses on it there is incomparable number of normal people out there compared to geeks.
Can you imagine where Apple would be without the Apple Stores? Here’s Hong Kong’s reaction to AntennaGate. Take that 40 billion and build a thousand a year.
conshmillo 6:19 pm on August 5, 2010 653 days ago Reply
3 months average is around 256. That’s what we are dancing around pretty much for that time. I have quite a few 280 AUG calls too. Even if we are going to have semi decent job numbers tomorrow (some early reports this week indicated it may be not that bad), indexes are getting to overbought levels again. For Apple to move past 266, which is current resistance and possible breakout zone, we need some smashing unexpected positive news. And we need them pronto. And yes, volume is very low. Positive thing about low volume though is that it is low on down swings too. So it seems there is no mass selling going on. It looks like those who own AAPL already are keeping it, but there seems to be currently lack of new buyers. It seems some people bought into iPhone4 media hysteria.
Nicu 6:40 pm on August 5, 2010 653 days ago Reply
Institutional ownership is reported to be 60.02% on my ETrade account … wasn’t it north of 70% not so long ago ?
nolavabo 9:54 am on August 6, 2010 652 days ago Reply
Yes, peaked at around 70-75%. Some large funds publicly indicated that they would be unloading profitable tech stocks, especially double/triple baggers like AAPL, over the summer. When you have 1000 shares you pick a good price and unload. When you have a million shares, you pick a minimum price and sell down to it every time it gets over it. Looks like a lot of big boys have chosen the $250 to $260 band as it.
I agree with Consh. She’s stuck in a “rectangle” right now, and it will take either massive market moves or great external news to break out of the rectangle (up or down). Neither are due any time soon. Those funds have good timing, I’ll give them that.
Nicu 11:36 am on August 6, 2010 652 days ago Reply
now 59.24%
Nicu 11:40 am on August 6, 2010 652 days ago Reply
is there a way to have some historical data on this thing ?
Nicu 8:38 am on August 9, 2010 649 days ago Reply
56.66%
are they going to unload everything and go short ?
conshmillo 12:16 pm on August 9, 2010 649 days ago Reply
Apple had pretty good news this morning, Verizon rumor backed by increased CDMA orders, Needham upped price target to $375, and yet intraday DJIA is rising 3, 4 times more than AAPL.
mikeinmontreal 12:21 pm on August 9, 2010 649 days ago Reply
We need an Apple event…..soon. Hopefully, those mid-August rumors will become reality. If not, first week of Sept.
Nicu 9:55 am on August 10, 2010 648 days ago Reply
are there signs that AAPL is slightly stronger than NASDAQ or is it simply pinned near $260 ?
Nicu 7:40 am on August 15, 2010 643 days ago Reply
WOW, just WOW : the Institutional Ownership is down to 30.87%
They unloaded 28.5% of AAPL in about two weeks ! That is about $65 Billions ! In addition to the other 15% from 75% to 60% previously …
Any ideas what that means ? retail investors “owning” this company ? will it make it more volatile or something ?
Nicu 10:23 am on August 15, 2010 643 days ago Reply
It may be just that ETrade went nuts
I found some additional data here and all seem to point at around 70%
http://www.nasdaq.com/asp/Holdings.asp?symbol=AAPL&selected=AAPL
http://moneycentral.msn.com/ownership?symbol=AAPL
http://www.dailyfinance.com/quotes/apple-inc/aapl/nas
It is hard to know if those numbers are up to date but I tend to trust more Nasdaq.com
conshmillo 3:28 pm on August 15, 2010 643 days ago Reply
@nicu
I get around 72% from various sources. It seems some investors are unloading because they are buying into the Hindenburg Omen crap.
Zee 11:13 am on August 15, 2010 643 days ago Reply
I recognize the figure you quoted from my acc. Enter RIMM and you’ll either get 55.95 or 90.52. Reclick AAPL and you’ll either get 30.87 or 49.61. Go back and forth among symbols, its screwy. Inst O. is really weirdly inconsistent that way with a number of sites when you play wtf cha cha cha with the refresh. CNN has 36% Mut. F. and 36% Inst. O. Google finance though has been blank for the dozen or so tech stocks that I checked today. I’ve never seen it like that before. Last time I noticed AAPL was 67-8% on Google F. But a month ago I could refresh back and forth between 68-72. Shortsqueeze.com remains at 72.20% for aapl. To me things started getting wonky after the morning the Housing Report came out and Google’s real time data feed froze… As a side note. Here in C. the consensus among the B. com is that there won’t be a dbl. dip, that’s their unaltered belief. Only slower recovery with more sideways movement. If that’s the sentiment among the confident then anticipating prolonged sideways movement would mean that by shaking the little guys out of the tree the institutions could scoop up the low lying fruit like they’ve done before. Remnants of the dark days of Huberty or something like that. I’m a little in the red and maybe if we get a bit of a bump I’ll jump out and play it by ear. The best way that I can describe what seems to be the mood is that things look dull rather than down.
Zee 11:17 am on August 15, 2010 643 days ago Reply
Actually I thought you were originally referring to the Ameritrade site.