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. -- Ignore unavailable to you. Want to Upgrade?

To: OrionX who wrote (54729)7/20/2006 1:19:22 PM
From: Dave Budde  Read Replies (1) | Respond to of 213182
 
Technically speaking, doesn't anyone question the fact the stock has risen 20% since Monday?

All gaps get filled. This will be no exception. Wait for it.



To: OrionX who wrote (54729)7/20/2006 1:36:58 PM
From: Henry J Costanzo  Respond to of 213182
 
<<...can't the stock be overbought given such a big move in such a short time?..>>

....Yes, it can...Stocks do not move in a straight line, and some pullback...at some point... would be normal..

IMHO..given the strong momentum here, and the location of the next resistance areas, I would tend to look for a pull-back from a somewhat higher level..



To: OrionX who wrote (54729)7/20/2006 2:12:56 PM
From: Cogito  Read Replies (1) | Respond to of 213182
 
>>Technically speaking, doesn't anyone question the fact the stock has risen 20% since Monday? While the stock may rise in the long term, can't the stock be overbought given such a big move in such a short time?<<

Orion -

I think it's important to look at the context of the move. The stock was way oversold, in my opinion, due to fears that turned out to be groundless.

While I generally expect profit taking to follow this kind of spectacular jump, I don't think it's likely that we're going to see a full retracement.

To me, it looks like the bear trend has broken, and we're back in bull mode with a vengeance. Just my opinion.

Of course I am talking only about AAPL, and not the market in general. A generally bad market will weigh on Apple going forward, but there seems to be plenty of rocket fuel available.

- Allen



To: OrionX who wrote (54729)7/20/2006 3:52:37 PM
From: HerbVic  Respond to of 213182
 
Overbought by who, might be the parallel question that answers your question. Short covering doesn't count towards being overbought, and there were a lot of shorts pushing the stock to 50 on pure negative hype.

It could pause, dip, close the gap or keep going. That's the only fact. But, the negative price bubble is broken. Positions are being reversed, and there is a LOT of interest.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News