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Posts Tagged ‘Apple’

Flip Flopin’ Thursday – Argentina Makes Us All Cry

I warned you about Argentina! 

We discussed them way back in December as they faked their own GDP data, that it was nothing more than window-dressing to keep them from LOOKING like they were in default – even though they were clearly heading that way.  

So it should come as no surprise that, as the deadline finally comes, there is no surprising rescue for the World's 26th largest economy ($477Bn vs $499Bn for Norway, $394Bn for Austria, $385Bn for Thailand and $248Bn for Greece).  Since it's not a surprise, we took the opportunity this morning to go long in the Futures, as the 1% dip around 4am seemed overdone.  I sent out a special Alert to all of our Members, saying:

Still, I like /TF for a bullish over the 1,130 line (testing now) and /YM at 16,700 and /ES 1,950 for bounces but VERY TIGHT STOPS if any of them fail.

NDX WEEKLYFortunately, they did not fail and already (8am) we have /TF 1,135 (up $500 per contract), /YM 16,732 (up $160 per contract) and /ES 1,955 (up $250 per contract) and our Egg McMuffins are paid for and those trades are now off the table (tight stops at least), as we expect more selling at the open!  

It's nice to play the Futures to offset bearish bets, like the SQQQ (ultra-short Nasdaq) trade we discussed in yesterday's morning post and the QQQ weekly $96 puts we added for .22 in yesterday's live Member Chat ahead of the Fed – as we expected the statement would disappoint.  Those should come out well this morning and going long on the Futures locks in those potential gains for us.  

Now, getting back to Argentina, ARGT is UP 32% this year and that is just silly so ARGT makes a nice short at $23.20 and you can, in fact, buy the Oct $23 puts for $1.45 and, if they give back that 32%, they'll be back to $19 and you'll have $4+ for a $2.55 gain (175%) – that's a fun way to play it.  

I discussed other ways to play the market yesterday on Money Talk,
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Which Way Wednesday – IBM/AAPL Deal Boost Markets

Did you make your $1,000 yesterday? 

You would have if you read yesterday's morning post (subscribe here), where we picked the Russell Futures (/TF) short at 1,160 saying: "If the Russell FAILS 1,160, we'll be happy to flip short for another ride down to 1,150."  As you can see, we had plenty of time to get our planned entry at 1,160 and, as we expected, Yellen's speech disappointed and the markets sold off a bit – easy money!  

RUT WEEKLYWe even flipped back to bullish in the afternoon and, at the beginning of our Live Webinar (1pm), we were able to demionstrate a very quick $250 profit taking the Russell Futures long off that same 1,150 line.  In fact, you can see the big volume spike that came with our live call right on the chart! 

This morning, news of a deal between AAPL and IBM has both companies showing 2% gains pre-market.  For IBM, that's $5 and that's adding 40 points to the Dow Futures (/YM) pre-market and for AAPL, that's $2 and AAPL is 20% of the Nasdaq so 20% of 2% is 0.4% added to the Nasdaq from AAPL alone pre-market plus a nice effect on the S&P from both of those heavyweight stocks.

Under the agreement, IBM's employees will provide on-site support and service of Apple products inside companies, similar to the AppleCare service that Apple sells to consumers.  IBM said it planned to make more than 100,000 employees available to the Apple initiative. It is a rare partnership for Apple, which historically has avoided such alliances.  

"This is just the beginning," said Ms. Rometty, citing a statistic that most smartphones inside companies are used only for email and calendar. She said the companies hope to create new, serious business applications.

The companies said Apple and IBM engineers are together developing more than 100 new apps for various industries. The first batch of apps is expected to be available in the fall when Apple releases the next version of its mobile software, iOS 8.  "Apple is not an
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Stock World Weekly

Here’s the newest: Stock World Weekly Newsletter. Comments welcome! – Ilene 

Jobs Cartoon

Archives here. 


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Steve Jobs To Take Medical Leave Of Absence

TIME, Techland, reports: Steve Jobs To Take Medical Leave Of Absence

Steve Jobs To Take Medical Leave Of Absence

JUSTIN SULLIVAN/GETTY IMAGES

Courtesy of Doug Aamoth 

This is kind of an odd press release, but Businesswire has just put up something simply titled Apple Media Advisory that apparently contains the following e-mail from Apple CEO Steve Jobs to all Apple employees:

"Team,

At my request, the board of directors has granted me a medical leave of absence so I can focus on my health. I will continue as CEO and be involved in major strategic decisions for the company.

I have asked Tim Cook to be responsible for all of Apple’s day to day operations. I have great confidence that Tim and the rest of the executive management team will do a terrific job executing the exciting plans we have in place for 2011.

I love Apple so much and hope to be back as soon as I can. In the meantime, my family and I would deeply appreciate respect for our privacy.

Steve"

Jobs has been no stranger to medical ailments in the past. You may recall that he underwent a liver transplant back in 2009 as part of a six-month leave of absence to treat pancreatic cancer. We’ll keep an eye on this story and update it accordingly.


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Goldman’s $430 Target, Screaming Buy On Apple At Its All Time High Is In Direct Contravention To Reggie Middleton’s Logic – Who’s Right? Well, Who Has Been More Right In The Past?

Courtesy of Reggie Middleton, posted at Zero Hedge and originally posted at Reggie’s BoomBustBlog

368322 09: A car passes by the sign in front of the Apple offices Computer April 21, 2000 in Cupertino, CA. The company is one of many computer technology corporations situated in Silicon Valley. (Photo by David McNew/ Newsmakers).

Goldman has recently issued a strong buy recommendation on Apple, offering a $430 price target. I have been on record many times stating that Apples will be facing the toughest competition of its existence since Microsoft nearly put them out of business. This, of course, appears to be in direct contravention to the Goldman Sachs call which just happened to come out the day Apple hits its all time high. Being that Apple has more than its fair share of fans who ignore common sense, this is enough to set the stock on fire. The question still remains though, “Is Goldman right?” Goldman very well could be right, but not for the reasons most retail investors believe. Despite overwhelming evidence plus plain old history to the contrary, many investors and mainstream media outlets still take the sell side of Wall Street at their word. Sell side analysts are marketing arms for the brokerage sales force, the investment banking sales force and the traders who move inventory in and out of their respective banks. What they are not are wealth and strategy advisers for retail and institutional investors. Their historical performance clearly illustrates this, thus their is not need to take this entrepreneurial investor and blogger’s word for it. Well, for those of you who either don’t know of me or don’t know of Goldman, here’s a quick recap of Reggie Middleton vs. Goldman Sachs:

Who was more accurate concerning Google? Google’s 3rd Quarter Operating Results: The Foregone Conclusion That Was Amazingly Unanticipated by the Street!!! Monday, November 8th, 2010

Who was more accurate concerning Lehman Brothers, the Ivy league, ivory tower boys doing God’s work or that blogger with the smart ass mouth from Brooklyn?

Please click the graph to enlarge to print quality size.

image006.png

As a matter of fact, who was more accurate during the ENTIRE Asset Securitization and Credit Crisis of the last three years?  We believe Reggie Middleton and his team at the BoomBust bests ALL of Wall Street’s sell side research:…
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ARe You ReaDY To ReMeMBeR…Today for the Rest of Your Life?

ARe You ReaDY To ReMeMBeR…Today for the Rest of Your Life? 

Courtesy of William Banzai7Zero Hedge 

A 

Apple is apparently ready to make another big announcement today. This will supposedly be yet another day that we will never forget.

This got me thinking about how many days there have been in my life so far that I will really never forget.

I vaguely remember being born. Lots of bright lights. I remember getting my first bicycle. I can remember a particular summer vacation day in New Hampshire when I was about 5 years old. I remember exactly where I was when JFK was assassinated. I don’t remember the Martin Luther King or Bobby Kennedy assassinations very well. I remember seeing Jimi Hendrix live in NYC. I remember some other important days like my high school and college graduations, the days my kids were born, the day I was married…and divorced. I remember 9/11 very well, I remember the day AIG claimed they had absolutely no exposure to subprime risk and I remember the September day Lehman tanked. I remember the day Paulsen and Bernanke said we were all doomed and I remember the day Obama was elected…

What could Apple possibly be planning that we will never forget?

Can it be this?

SIT 

or this?

AAPL2

How about this…

JOB

or maybe even this…

JOB2

or this…

Job3

All of the above would probably excite me more than an Beatles/Apple music deal with iTunes or an announcement concerning live streaming iTunes. But I am not quite sure I would remember any of it for the rest of my life.

Here, however, is an event I am pretty sure I would remember at least until the next AAPL quarterly announcement…

FIGHT CLUB

AAPL Fight Club 2010

 

I remember the last time I heard this type of extraordinary claim coming from a Silicon Valley darling…

Cisco

But I can’t remember what it was that they announced.

AAPL…10:00 AM EST today…

"The easiest way to attract a crowd is to let it be known that at a given time and a given place someone is going to attempt something that in the event of failure will mean sudden death."--Harry Houdini

 

UPDATE

APPLES

 


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Here Is Your Economy: Everyone’s Slowing Down, But Apple Is Completely Going Nuts

Here Is Your Economy: Everyone’s Slowing Down, But Apple Is Completely Going Nuts

Courtesy of Joe Weisenthal at Clusterstock 

Well, the after-hours news paints a pretty-much perfect view of the economy. Most earnings continue to disappoint a little: Yahoo, VMWare, etc., all are basically ho-hum.

The exception: Apple, which is going completely bezerk, and is up 3.7% after hours, after killing it on revenues.

Apple’s strong performance is enough to bring the whole market up, but not because it represents anything other than the fact that the company is killing it.


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Apple Needs Some RF Design Engineers

Apple Needs Some RF Design Engineers

A Chinese man walks past a authorized Apple retailer in Beijing on July 12, 2010. Despite a new flagship showroom that just opened in Shanghai, Apple is striving to overcome price disadvantages and an underground market. Most fans of its Apple products here have been buying their iPhones, iPods and Mac computers from smugglers who operate through underground electronics markets.  UPI/Stephen Shaver Photo via Newscom

Courtesy of Karl Denninger at The Market Ticker 

Yep, as I suspected….

It’s official. Consumer Reports’ engineers have just completed testing the iPhone 4, and have confirmed that there is a problem with its reception. When your finger or hand touches a spot on the phone’s lower left side—an easy thing, especially for lefties—the signal can significantly degrade enough to cause you to lose your connection altogether if you’re in an area with a weak signal. Due to this problem, we can’t recommend the iPhone 4.

That’s Consumer Reports, incidentally, which put the phone in an RF-isolated room to perform their tests along with a base-station emulator.

Oops – that’s about as close to proof as you’re going to find.  In an RF-quiet environment it’s pretty easy to prove your case, and it appears that CR did so.

The tests also indicate that AT&T’s network might not be the primary suspect in the iPhone 4′s much-reported signal woes.

"Might" not?  

I have never been impressed with the iPhone (any generation) in terms of RF.  Ever. It has always been a "form before function" device from my perspective, all the way back to the original units.  Then again I’m spoiled – the best RF-performing GSM phone I’ve ever used was a Nokia 3395.  I may still have one laying around here somewhere, and all of my old Nokias (including a 6610 which was nearly as good) still work just fine.  Old, yes, but one thing Nokia does know how to do is design and build an RF section.

Incidentally, buying devices that work before selecting them for "sex appeal" may be why I’ve never had a material problem with the "can you hear me?" BS that so many suffer with when it comes to cellphones.  I guess my view is that a cellphone is for communicating rather than trying to shag some hot chick at the local bar by flashing my "bling."

This is a common flaw for consumer devices – be sexy rather than be smart – or good.  Of course sex sells, and so the more "sexy" you can make something look the better it sells, and as long as you remain within the "acceptable" functionality envelope you don’t get hurt – too badly.  Witness Motorola, which had the "hot" phone for a long time…
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The Support Shelf and Trading Range to Watch in AAPL

The Support Shelf and Trading Range to Watch in AAPL

Courtesy of Corey Rosenbloom at Afraid to Trade 

Apple Inc (AAPL) frequently receives a great deal of media attention on their recent iPhone and iPad gadgets.

However, their stock has been stagnating in a trading range between$240 and $270 since May.

There is a critical support area – particularly from the weekly chart – that traders should be keenly aware of, so let’s see these levels and the bigger picture with Apple’s stock.

First, the daily trading range:

As the daily chart shows, Apple has a clear overhead resistance boundary at the $265 per share level, despite the ‘bull trap’ spiking up to $275.  .

Thus, Apple bulls have their alerts set at the $265 level as the upside breakout level to punch through.

The lower boundary actually is rising, as seen in the ascending trendline, which will make more sense as you view the weekly chart.

Volume has trailed lower during the consolidation phase, but given that it’s summer and stocks in general exhibit lower participation/volume during a trading range, this is nothing to be concerned with yet.

Remember that in a trading range, moving averages matter less, so look to the trendlines as more important indicators.

Now,
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An iPhone 4 Recall Will Hurt Apple More By Opening Additional Oppurtunity for Android Devices Than Increased Expenses

An iPhone 4 Recall Will Hurt Apple More By Opening Additional Opportunity for Android Devices Than Increased Expenses

Courtesy of Reggie Middleton writing at Zero Hedge 

Apple has had a hell of a time with what is arguably its most important product release since the initial iPhone in 2007. The handsets have been plagued with spotty screens, combustible USB ports, signal strength measurement inconsistencies, and the most damaging of the issues – an ill-conceived antenna design that causes attenuation when held from the lower left had corner. Steve Jobs did the Blankfein (Goldman Sachs CEO, stating that the Wall Street bank was doing God’s work) imitation by opening his mouth when he shouldn’t have and said that users were “hold the phone the wrong way”. Not only that, but Consumer Reports just came out with a report stating that they can not recommend the buying of an iPhone until the antenna situation has been rectified, prompting speculation that Apple will be forced to recall millions of phones.

As a matter of fact, the review was rather poignant:

“If you want an iPhone that works well without a masking-tape fix, we continue to recommend an older model, the 3G S.”

Apple iPhone 4 antenna problem solution tape
One solution to the Apple iPhone 4’s antenna problem is to cover the lower left corner with tape.

As evidence of the danger of relying on “lifestyle” marketing (see An Introduction to How Apple Apple Will Compete With the Google/Android Onslaught)…

It is very easy to fall out of favor with the trendy crowd. While I doubt very seriously that Apple is in danger of doing this anytime soon, a massive recall will open the door for devices which are technically much more capable, flexible and open than the iPhone, ex. the Android powered HTC and Samsung devices. Basically, the danger to Apple here is not the expense of a recall, but the loss of mindshare and potential widening of the opening for some very capable competition – an opening that did not have to be there!

Don’t believe me, click the link to the consumer reports article and peruse the comment section…

Posted by: John |
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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!

 
 

Zero Hedge

Double Whammy China PMI Misses Spark Sell-Side Demands For More Stimulus

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

A record-breaking surge in monthly credit creation and a trillion Yuan of QE-lite was enough to provide a glimmer of hope into the tumbling Chinese economy for one or maybe two months but with the real estate market continuing to free-fall, it should be no surprise that China's PMIs finally catch down to the erstwhile reality simmering under the surface in the ultimate centrally-planned economy. China's official government PMI dropped from 30-month highs, missed expectations and t...



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Phil's Favorites

Putin Calls for Eastern Ukraine Statehood

Courtesy of Mish.

Putin threw fat into the Ukrainian fire today by calling for Talks on Eastern Ukraine Statehood.

The question at hand is" What precisely does Putin mean by "statehood" ?
Russian President Vladimir Putin called on Sunday for immediate talks on the "statehood" of southern and eastern Ukraine, although his spokesman said this did not mean Moscow now endorsed rebel calls for independence for territory they have seized.

The Kremlin leader's remarks, two days after a public appearance in which he compared the Kiev government with Nazis and warned the West not to "mess with us", came as Europe and the United States prepared possible further sanctions to halt what they say is direct Russian military involvement in the war in Ukraine. ...



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Chart School

Daily Market Commentary: Semiconductors Gain

Courtesy of Declan.

Markets finished Friday on a flourish with a close at, or near new highs. Volume climbed to register an accumulation day, which keeps thing ticking over in favor of bulls over the long weekend.  The Semiconductors had the best of it, although these gains were posted at the open.


Gains in the semiconductor index helped the Nasdaq close at a new high.  Technicals remain strong too.


The Russell 2000 remains inside the rising channel. The push from Thursday's tight ac...



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Stock World Weekly

Stock World Weekly

Newsletter writers are available to chat with Members regarding topics presented in SWW, comments are found below each post.

Here's the latest issue of Stock World Weekly. Click on this link and use your PSW user name and password to log in. Or take a free trial. 

Enjoy!

...

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Option Review

Puts Active On Buffalo Wild Wings

Buffalo Wild Wings Inc. (Ticker: BWLD) shares are in positive territory in early-afternoon trading on Thursday, reversing earlier losses to stand up 0.50% on the session at $148.50 as of 12:15 pm ET. Options volume on the restaurant chain is running approximately three times the daily average level due to heavy put activity in the October expiry contracts. It looks like one or more traders are buying the Oct 140/145 put spread at a net premium of roughly $1.45 per contract. As of the time of this writing, the spread has traded approximately 3,000 times against very little open interest at either striking price. The put spread may be a hedge to protect a long stock position against a roughly 6% pullback in the price of the underlying through October expiration, or an outright bearish play anticipating a dip in BWLD shares in the next couple of months. The spread makes money at expiration if shares in BWLD decline 3.3% from the current price of $148.50 to breach the breakeven point...



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All About Trends

Mid-Day Update

Reminder: David is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Sabrient

Six Companies Push Tax Rules Most

Reminder: Sabrient is available to chat with Members, comments are found below each post.

Courtesy of Sabrient Systems and Gradient Analytics

Gradient Senior Analyst Nicholas Yee reports on six companies that are using a variety of techniques to shift pretax profits to lower-tax areas. Featured in this USA Today, article, the companies include CELG, ALTR, VMW, NVDA, LRCX, and SNPS.

Six Companies Push Tax Rules Most

Excerpt:

Nobody likes to pay taxes. But some companies are taking cutting their tax bil...



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Digital Currencies

Disgraced Mt Gox CEO Goes For Second Try With Web-Hosting Service (And No, Bitcoin Not Accepted)

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Mt Gox may be long gone in the annals of bankruptcy, but its founder refuses to go gentle into that insolvent night. And, as CoinDesk reports, the disgraced former CEO of the one-time premier bitcoin trading platform has decided to give it a second try by launching new web hosting service called Forever.net and is registered under both Karpeles’ name and that of Tibanne, the parent company of Mt Gox.

From the company profile:

“TIBANNE Co.Ltd. ...



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OpTrader

Swing trading portfolio - week of August 25th, 2014

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Market Shadows

Helen Davis Chaitman Reviews In Bed with Wall Street.

Author Helen Davis Chaitman is a nationally recognized litigator with a diverse trial practice in the areas of lender liability, bankruptcy, bank fraud, RICO, professional malpractice, trusts and estates, and white collar defense. In 1995, Ms. Chaitman was named one of the nation's top ten litigators by the National Law Journal for a jury verdict she obtained in an accountants' malpractice case. Ms. Chaitman is the author of The Law of Lender Liability (Warren, Gorham & Lamont 1990)... Since early 2009, Ms. Chaitman has been an outspoken advocate for investors in Bernard L. Madoff Investment Securities LLC (more here).

Helen Davis Chaitman Reviews In Bed with Wall Street. 

By Helen Davis Chaitman   

I confess: Larry D...



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Pharmboy

Biotechs & Bubbles

Reminder: Pharmboy is available to chat with Members, comments are found below each post.

Well PSW Subscribers....I am still here, barely.  From my last post a few months ago to now, nothing has changed much, but there are a few bargins out there that as investors, should be put on the watch list (again) and if so desired....buy a small amount.

First, the media is on a tear against biotechs/pharma, ripping companies for their drug prices.  Gilead's HepC drug, Sovaldi, is priced at $84K for the 12-week treatment.  Pundits were screaming bloody murder that it was a total rip off, but when one investigates the other drugs out there, and the consequences of not taking Sovaldi vs. another drug combinations, then things become clearer.  For instance, Olysio (JNJ) is about $66,000 for a 12-week treatment, but is approved for fewer types of patients AND...



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Promotions

See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing b...



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