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: Essam Zaneldin who wrote (24720)5/10/1999 8:07:00 PM
From: Moominoid  Read Replies (1) | Respond to of 213177
 
AAPL is tanking now :-( Any idea why?!!

I've been predicting it for the last few days <g>. A lot of technical indicators have indictaed that this is a strong possibility and the last Max-Pain I saw was 37.50 which was only up from 35 the week before despite the new much higher prices. Volume was very low on the run-up from Friday morning and prices weren't sustained. Technical analysis calls this the right hand shoulder of the head and shoulders. It's a classic formation. Still it might not playout. I think in a time frame of weeks to months + AAPL will do well but all the signs are that up to options expiration it will have a tough time staying up.

David