July 6, 2007
Stock Du Jour (AAPL) & Random Observations
Kind of a positive / neutral day until 2 PM exactly when buying kicked in with some force.
Notable New Lows: Same old story with the homebuilders Beazer (BZH) and Standard Pacific (SPF); value trap Journal Register goes under $5; poor old UltraShort Q’s (QID).
Notable New Highs: Apple (AAPL), Google (GOOG), Oracle (ORCL), Taiwan (EWT), and Korea (EWY).
Apple apparently sold over 500,000 iPhones last weekend, which means it’s time to drag out my quarterly chart for some long-term perpective on Apple’s ups and down over the years.
Cat: | Time: 8:44 am (utc+8)
July 6th, 2007 at 1:46 pm
I find your fascination with “exactly 2 PM” buying/selling interesting, though often incorrect. As today the buying started around 12:36 and after a small retrace it continued at “exactly” 2:03 pm. Why don’t you ever mention the buying/selling at “exactly” 3:21 PM? I think you see what you want.
July 6th, 2007 at 2:59 pm
biff: I call it as I see it after reviewing hundreds of 15-minute charts … it’s true that if I drilled down in might be 2:03 instead of 2:00 but it’s pretty clear to me that programs are set to execute on the hour.
July 6th, 2007 at 4:15 pm
Forest for the trees.
Keep up the great work!
July 6th, 2007 at 8:27 pm
i was hoping for a big runup in AAPL pre-iphone crazy, to get some puts for july and august. but it never happened…
July 6th, 2007 at 9:10 pm
bob: Puts? You’re fighting the tape, my friend.
July 7th, 2007 at 12:54 am
well, i was hoping for a parabolic run similar (but not as sharp) to TASR a couple years ago. as you can tell, nothing happened - just an orderly climb. i steered clear…
(ie. 100-150 over 2-3 weeks)
July 7th, 2007 at 4:59 am
Just heard on NPR Brian Lehrer show today — NYC people are calling in to say they are “in love” with their iphone, “a thing of beauty”, “astounding resolution”, “dream come true”…