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*** These days I post my charts/thoughts on http://www.stocktwits.com under the same user name BreakoutTrader *** "Charts are worth a million words." - Ralph Acampora "Having learned what folly I was capable of, I closed that particular incident." - Reminiscences of a Stock... More
  • AAPL: Waiting And Be Patient 2 comments
    Apr 24, 2012 8:56 AM | about stocks: AAPL

    In the StockTalk posted Monday 4/16 before market opened,

    I pointed out that AAPL stock price faced the first real serious

    challenge since the uptrend started on 12/5/2011. I must

    admit that although I did expect AAPL to go down, but

    certainly did not expect its price to drop so quickly. As of 4/23

    close, it is down 5.5% since close of 4/13 vs S&P 500 which

    is down 1.3%.

    The following daily chart shows AAPL has a indecisive

    doji pattern on 4/23 and is also near support.

    (click to enlarge)20120423_AAPL_Daily

    AAPL will report earnings after market close today (4/24).

    So one of the most anticipated earnings announcement is

    less that 12 hours away, and the earnings results may

    determine the direction of AAPL's next move. Good luck to

    every bulls and bears :-)

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Additional disclosure: I may initiate a volatility based options position in the next 72 hours.

    Stocks: AAPL
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Comments (2)
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  • Author’s reply » Oh, and good luck to pigs too :-)
    24 Apr 2012, 09:00 AM Reply Like
  • Agree 100% Bad News is baked in and REAL NEWS = Revenue & Earnings to surprise to the upside!

     

    Look to Calendar Q2 2011 AT&T plus Verizon IPhone sales. Note that IPhone sales for Q1 2012 are 25% up by comparison.
    Look to Apple Cal Q2 2011 Rev $28 B; up 25% would be $35 B.
    Does AT&T or Verizon sell IPhone in China? Suggest you add those sales and sales growth of New IPad, etc.

     

    Blowout Qtr to surprise all!

     

    Happy Investing!
    Midas
    24 Apr 2012, 09:49 AM Reply Like
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