SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Apple Inc.
AAPL 273.40-0.1%Dec 26 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Andrew Danielson who wrote (16802)8/18/1998 10:29:00 PM
From: Andrew Danielson  Read Replies (1) of 213177
 
I was impressed by AAPL's price stability today.

The gap up in the morning was never fully closed as AAPL stayed well in the 42+ range the whole day.

When I left the ticker with a few hours to go, AAPL seemed to be losing steam, falling off its plateau of 43. I expected to come back and see a close that at minimum filled the morning gap up (i.e., 41 15/16 or less at least sometime before the close).

I still see 43 as a level that will be tough to conquer (as it has already been shown). Some might say it is a temporary phenomenon if one buys into the claim that options strike prices have a substantial effect on stock price (43 resistance could then be seen as resistance to going substantially above the 42 1/2 strike price).

To hedge my all-cash position, I re-established a small call options position in AAPL (Jan 40's, as usual). If Jon Tara and the "flag" proponents are right, I won't wet my pants seeing 47 while if the stock flags (in a different sense) and drops to 40, I will simply increase my position.

Dell should have a positive impact tomorrow on all PC manufacturers, AAPL included. After-market has it trading at a whopping 117--very near its all-time high--and a good sign for the market as a whole.

I'm seeing more and more articles about how the PC inventory gluts are draining and demand is rising. While AAPL hasn't experienced the kind of problems that beset HP or Compaq, a rising industry tide still tends to lift all boats.

Andrew
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News