06/25/2012 Live Update

ClarkW · Post by **ClarkW** » Mon Jun 25, 2012 2:02 pm

Out of SMN and SPXU. Zero holdings, in wait and see mode

Al_Dente · Post by **Al_Dente** » Mon Jun 25, 2012 2:02 pm

Richarab wrote:
Al_Dente wrote:AAPL “genius bar” [save for later]
“Last year, the company’s 327 global stores took in more money per square foot than any other United States retailer — wireless or otherwise — and almost double that of Tiffany, which was No. 2 on the list, according to the research firm RetailSails. Worldwide, its stores sold $16 billion in merchandise… …About 30,000 of the 43,000 Apple employees in this country work in Apple Stores, as members of the service economy, and many of them earn about $25,000 a year…” http://www.nytimes.com/2012/06/24/busin ... 2_20120624
A brilliant article ...Pulitzer worthy

I thought so too
But I’m not sure if you were LOL on the “brilliant”, as u didn’t

U usually have such entertaining LOLs
Plus u didn’t have enough time to read it

"I was earning $11.25 an hour. Part of me was thinking, 'This is great. I'm an Apple fan, the store is doing really well.' But when you look at the amount of money the company is making and then you look at your paycheck, it's kind of tough."
[Jordan Golson, who sold about $750,000 worth of computers and gadgets at the Apple Store in Salem, NH]

PLUNGE · Post by **PLUNGE** » Mon Jun 25, 2012 2:04 pm

TraderGirl wrote:Potential wave count...SPX...suggests another wave down to wave 5...???

TraerGirl, I agree with your count! I always struggle to interpret the 4th and 5th sub waves of threes, too often trading early ignoring the upcoming waves 4 and 5.

I'm trying to make patience my mantra.

KeiZai · Post by **KeiZai** » Mon Jun 25, 2012 2:06 pm

KeiZai wrote:Russell 1m

But longs beware!, neckline retest?

Al_Dente · Post by **Al_Dente** » Mon Jun 25, 2012 2:07 pm

Second attempt to squeeze above vwap
Those are quite SICKLY sqz bars…. so far… bears aren’t serious about covering….yet
[FIVE MINUTE one day chart only]

Richarab · Post by **Richarab** » Mon Jun 25, 2012 2:08 pm

Al_Dente wrote:
Richarab wrote:
Al_Dente wrote:AAPL “genius bar” [save for later]
“Last year, the company’s 327 global stores took in more money per square foot than any other United States retailer — wireless or otherwise — and almost double that of Tiffany, which was No. 2 on the list, according to the research firm RetailSails. Worldwide, its stores sold $16 billion in merchandise… …About 30,000 of the 43,000 Apple employees in this country work in Apple Stores, as members of the service economy, and many of them earn about $25,000 a year…” http://www.nytimes.com/2012/06/24/busin ... 2_20120624
A brilliant article ...Pulitzer worthy
I thought so too
But I’m not sure if you were LOL on the “brilliant”, as u didn’t
U usually have such entertaining LOLs
Plus u didn’t have enough time to read it

"I was earning $11.25 an hour. Part of me was thinking, 'This is great. I'm an Apple fan, the store is doing really well.' But when you look at the amount of money the company is making and then you look at your paycheck, it's kind of tough."
[Jordan Golson, who sold about $750,000 worth of computers and gadgets at the Apple Store in Salem, NH]

I read the article as part of cnbc yesterday
It was a twelve page event on iPhone
It was a fascinating
The hubris of apple plus the take on college kids was a study in new labor movements

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btran874 · Post by **btran874** » Mon Jun 25, 2012 2:09 pm

TraderGirl wrote:Potential wave count...SPX...suggests another wave down to wave 5...???

I think you didn't see this but it is worth noting. 1 corrective, 2 impulse is not a happy ending for 5 waves down. Hope that helps!

Tutti · Post by **Tutti** » Mon Jun 25, 2012 2:14 pm

Al_Dente wrote:AAPL “genius bar” [save for later]
“Last year, the company’s 327 global stores took in more money per square foot than any other United States retailer — wireless or otherwise — and almost double that of Tiffany, which was No. 2 on the list, according to the research firm RetailSails. Worldwide, its stores sold $16 billion in merchandise…
…About 30,000 of the 43,000 Apple employees in this country work in Apple Stores, as members of the service economy, and many of them earn about $25,000 a year…”

http://www.nytimes.com/2012/06/24/busin ... 2_20120624

Just saw this so not sure if I'm missing something in an older conversation, but wanted to add a point.

Good article, great company. Market gets itself together and I'm a buyer.

That said...

Just to keep things in their proper trading context, look up some of the glowing articles on CSCO back in late 1999 and early 2000. Their business was on fire - here's their 4q report: http://www.cisco.com/warp/public/146/ne ... i2645.html

"We predicted five years ago that we were in the midst of a second Industrial Revolution that would determine the prosperity of companies, countries, and individuals. Today, the Internet continues to drive the strongest U.S. economy in history," said John Chambers, president and CEO of Cisco Systems. "The second Industrial Revolution is just beginning and businesses and governments are turning to Cisco, the Internet expert, to assist them in transforming their companies and countries. We were very pleased with the balance of our business across all key geographies, products, and lines of business."

Thats right before it went from a split-adjusted high of $82 to a split adjusted low of $8.12, or a tiny loss of 90% of its value. That was arguably the strongest stock of its time - similar in many ways to AAPL today.

Not saying its going to happen now or any time soon, but just b/c business is great today, doesn't mean a new technology or competitor come along that drums them out of business.

Richarab · Post by **Richarab** » Mon Jun 25, 2012 2:17 pm

Tutti wrote:
Al_Dente wrote:AAPL “genius bar” [save for later]
“Last year, the company’s 327 global stores took in more money per square foot than any other United States retailer — wireless or otherwise — and almost double that of Tiffany, which was No. 2 on the list, according to the research firm RetailSails. Worldwide, its stores sold $16 billion in merchandise…
…About 30,000 of the 43,000 Apple employees in this country work in Apple Stores, as members of the service economy, and many of them earn about $25,000 a year…”

http://www.nytimes.com/2012/06/24/busin ... 2_20120624
Just saw this so not sure if I'm missing something in an older conversation, but wanted to add a point.

Good article, great company. Market gets itself together and I'm a buyer.

That said...

Just to keep things in their proper trading context, look up some of the glowing articles on CSCO back in late 1999 and early 2000. Their business was on fire - here's their 4q report: http://www.cisco.com/warp/public/146/ne ... i2645.html

"We predicted five years ago that we were in the midst of a second Industrial Revolution that would determine the prosperity of companies, countries, and individuals. Today, the Internet continues to drive the strongest U.S. economy in history," said John Chambers, president and CEO of Cisco Systems. "The second Industrial Revolution is just beginning and businesses and governments are turning to Cisco, the Internet expert, to assist them in transforming their companies and countries. We were very pleased with the balance of our business across all key geographies, products, and lines of business."

Thats right before it went from a split-adjusted high of $82 to a split adjusted low of $8.12, or a tiny loss of 90% of its value. That was arguably the strongest stock of its time - similar in many ways to AAPL today.

Not saying its going to happen now or any time soon, but just b/c business is great today, doesn't mean a new technology or competitor come along that drums them out of business.

Better yet
Nokia
I couldn't imagine using anything else at the time - what, 5 years ago?

Stuff changes quicker now. Period.

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I am here: http://tapatalk.com/map.php?pnnnfd

KeiZai · Post by **KeiZai** » Mon Jun 25, 2012 2:22 pm

Gold is forming nice candle...out of fuel?

Tutti · Post by **Tutti** » Mon Jun 25, 2012 2:22 pm

Richarab wrote:
Tutti wrote:
Al_Dente wrote:AAPL “genius bar” [save for later]

Better yet
Nokia
I couldn't imagine using anything else at the time - what, 5 years ago?

Stuff changes quicker now. Period.

---
I am here: http://tapatalk.com/map.php?pnnnfd

Yes, exactly! Great point.
How about your trusty blackberry phone of just a few years ago. Research In Motion owned the corporate smart phone space. RIMM, on sale today just 93% off of its all time highs. $143 - $9.00

Post by **Cobra** » Mon Jun 25, 2012 2:34 pm

so far the rebound is weak especially AAPL looks weak.

Al_Dente · Post by **Al_Dente** » Mon Jun 25, 2012 2:38 pm

PAGING richarab and tutti
No matter what side u r on
No matter how u slice it
That is more bad bad PR for AAPL

It may or may not have an effect intermediate-to-longer term on AAPL stock….either they boost pay to salespeople (reducing AAPL eps) or have higher employee turnover (ditto), or maybe WMT-style picket lines. All we need is ONE decent competing gadget….just ONE...

Ps thank you tutti, I will study that CSCO reference more carefully later

KeiZai · Post by **KeiZai** » Mon Jun 25, 2012 2:41 pm

Central bank existential crisis confirmed

EDIT: lol sorry bad post, here it is

TraderGirl · Post by **TraderGirl** » Mon Jun 25, 2012 2:46 pm

PLUNGE wrote:
TraderGirl wrote:Potential wave count...SPX...suggests another wave down to wave 5...???
TraerGirl, I agree with your count! I always struggle to interpret the 4th and 5th sub waves of threes, too often trading early ignoring the upcoming waves 4 and 5.

I'm trying to make patience my mantra.

i guess we will see how it works out...

TraderGirl · Post by **TraderGirl** » Mon Jun 25, 2012 2:48 pm

Al_Dente wrote:PAGING richarab and tutti
No matter what side u r on
No matter how u slice it
That is more bad bad PR for AAPL

It may or may not have an effect intermediate-to-longer term on AAPL stock….either they boost pay to salespeople (reducing AAPL eps) or have higher employee turnover (ditto), or maybe WMT-style picket lines. All we need is ONE decent competing gadget….just ONE...

Ps thank you tutti, I will study that CSCO reference more carefully later

True!! This is when the Unions come in and try to convince the employees that they need them....and then all goes to hell....

Post by **Cobra** » Mon Jun 25, 2012 2:48 pm

trend line support. but aapl looks already break down the bear flag which is bad.

MrMiyagi · Post by **MrMiyagi** » Mon Jun 25, 2012 2:50 pm

SPYbar.

uempel · Post by **uempel** » Mon Jun 25, 2012 2:55 pm

Update:

TraderGirl · Post by **TraderGirl** » Mon Jun 25, 2012 2:58 pm

XIV just broke below lower support trend line....

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