friend @ AAPL is taking a day off. He was sad about the news. AAPL folks are working very very hard. they are there working till midnight and weekends. Perhaps Jobs news would make them reflect on their work and life issues. but there are way too many people who want to work for them...
Cobra wrote:just as I said, this is not a sustainable move. Let's wait and see, I have no clue for the next call yet.
Cobra, gutsy call!
Now does the top has to be retested?
we'll have to wait and see. I'm clueless now.
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Cobra wrote:Europe is celebrating the deal too, oh, wait a minue, may be I should put the chart upside down?
hahah, well said. What is interesting is that it is hard to believe market would even react this way to stupid news like 5Billion buffet etc..
tell your farther, don't visit wenxuecity anymore, instead he can drop by my site at hutong9.net.
I checked the wenxuecity, some of them kept saying that I was wrong most of the time and my statistics are useless. All in all I'm the worst ever analyst. All my hard working analysis is no match with their single word shouted in every few days. I was very offended. And I'm very confident if my analysis is this bad, then how come I have a 40,000 unique IP visitors every month? Does that mean you guys are idiot (since I'm the worst ever)?
Hahah, I'll let my father know that Cobra personally said this to me. I personally read all sorts of opinions, it keeps me unbiased more often than not. The other day, I saw a projection of gold to 4000 next year and many agreed, I was sure the market will flop soon.
Cobra wrote:Europe is celebrating the deal too, oh, wait a minue, may be I should put the chart upside down?
hahah, well said. What is interesting is that it is hard to believe market would even react this way to stupid news like 5Billion buffet etc..
i forget the exact numbers, but i do remember buffet bought $5BB in GS at the end of Sept. '08. if i remember, with his priced in discounts and warrants, his share price was around $115.
obviously, two months later, GS hit a low of $47.
i can't lie, i am getting short squeezed on BAC, so i'm biased, but i can only hope that Buffet is simply telling me the worst is ahead of us.
FYI, there were some talk about Buffet and a tech company a year ago. After few days Buffet confirmed the rumors. Soros, Paulson had the same similar stories and after they sold their shares, some retail investors left in poverty. I remember some guy was selling his house to invest in WFC which was Buffet favorite.