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  • Why Apple Is Still A 'Don't Buy' [View article]
    *To clarify, I do understand that you didnt "ignore" the 200day bounce, as you mentioned it in your article. Im implying you are ignoring the significance and substantive nature of the move, without questioning just WHO in the afterhours was actually a vanilla buyer looking to get long apple as opposed to a short(s) covering? After hours are incredibly volatile and volatility is a shorts best friend. So if were asking who is in the majority as far as the population of the playground afterhours, my money is on shorts.
    Oct 26, 2012. 07:23 PM | 1 Like Like |Link to Comment
  • Why Apple Is Still A 'Don't Buy' [View article]
    If were going to talk about technicals, are we really going to ignore 1) that SHARP bounce off of the 200day after hours (were talking within seconds of it touching it) and then a failed attempt to even break 590 today before rallying back to that 610 level (closing above 600$). we all know the MM's were holding those levels to keep the option premium they sold. The after hours action was a very important tell, one that the shorts had thus far not revealed: where were they itching to cover? Despite the bearish talk of folks like you, the truth is you and your ilk lack the conviction to stay short AAPL at the 200day level. And now we have evidence, 2 pieces of evidence, as it was almost certainly short covering in the afterhours that caused such a radical bounce off the 50day, so quickly. Now, since we all know that it is frequently the case that when everyone is saying "580-585" is the level to buy, you rarely get the opportunity. In fact, I believe the opportunity has passed and was available only to the rare few lunatics who trade after hours.

    we now know the ipad mini white has sold out already, and they have the potential to pre-sale 5million of these in one weekend. Which may hurt them as it could perhaps be frontloading demand, which will, of course, result in jacka$$ analysts raising targets for apple to later "miss". Why would they sell as many ipad mini's as iphone 5's in a weekend? when tablets are more niche? Price Point. The status associated with a premium product can now be obtained for 329$, and this is occurring against the backdrop of a consumer sentiment # out today at 83. 600$ for a full ipad was too much of a $$$ commitment for people to just say "F it, im getting one". In 3 months time we will be hearing about how apple cant produce enough mini's and how amazon is facing a threat from the mini. As usual, the bears run their mouths about the lack of viability of an apple product (as occurred with ipod, iphone, ipad, and now ipad mini) and yet again they will be wrong. AND as usual, there will be no point in which they ever have to account for their failings.

    The easiest thing in the world is to be a permabear. Eventually, you're right. There's just too many Apple Nouriel Roubini's getting their 15 minutes of fame right now for me to think this stock is going anywhere but up. The reality is, apple and its bearish short sellers coexist in a delicate ecosystem of their own requiring homeostasis where apple knows the shorts are necessary to move its share price up. If everyone's a believer, they've already bought. And the shorts know that there are limits to how much a 130bln cash rich company will allow them to take down their stock before they throw out a massive share buyback program or go private. After all, with 130bln, they dont NEED investors cash. So plunk down 80bln at the current price and they can accumulate 20% of the outstanding shares, decimating anyone short and causing the cost to short the stock to skyrocket. And co will still have 50bln left for acquisitions. But really, theres nothing out there worth half that amount that is worth apples money to buy.

    So in the end, people like this author and other bears are just young inspiring John Paulsons, hoping to make one good gutsy call to make a name for themselves. Unfortunately for them, theres nothing subprime about this company or its products. Only its bearish critics.
    Oct 26, 2012. 07:20 PM | 17 Likes Like |Link to Comment
  • Questcor Earnings: Growth Rates, Catalysts, Citron, And You... [View article]
    Thanks for the shout out. I really wish we could investigate why that outfit, Citron, gets this kind of coverage. Im sure alot of us bloggers out there would love it. Should we all just make baseless claims against stocks? Maybe my lack of a history of fraud convictions leaves me at a deficit =P
    Oct 22, 2012. 04:41 PM | 3 Likes Like |Link to Comment
  • Insurers are taking an even more cautious stance on Questcor's (QCOR -4.1%) Acthar, according to a Citron Research report. The short seller is now claiming that Humana (HUM -1.5%) has issued a new Commercial Preauthorization document containing a new, specifically asterisked preauthorization for reimbursement for Acthar, which it contends is part of a pattern of insurers taking a more restrictive stance on authorization policy with regard to the drug's reimbursement. [View news story]
    I mean come on, "claiming" ?!!? I claim that Astrazeneca is bidding 50$ for qcor. Please post to your newsfeed.
    Oct 19, 2012. 01:57 PM | 7 Likes Like |Link to Comment
  • Insurers are taking an even more cautious stance on Questcor's (QCOR -4.1%) Acthar, according to a Citron Research report. The short seller is now claiming that Humana (HUM -1.5%) has issued a new Commercial Preauthorization document containing a new, specifically asterisked preauthorization for reimbursement for Acthar, which it contends is part of a pattern of insurers taking a more restrictive stance on authorization policy with regard to the drug's reimbursement. [View news story]
    Seekingalpha, shame on you. you should know better than to post news from such a questionable source with a HUGE history of fraud.
    Oct 19, 2012. 01:56 PM | 7 Likes Like |Link to Comment
  • Apple's Positive Uncertainty: Universal Remote iPad [View article]
    Android is garbage. All you idiots who like to act as if android is something other than the equivalent of a cheap chinese knock-off version of Apple products and iOS. You can get a 40$ Versace knockoff bag in chinatown and yet people still pay 400 for one. Know why? Because they dont want some piece of crap bag with shoddy stitching, which is exactly what android is. And your comment is accurate: Android will copy it. Exactly what it attempted to do with iOS and quite poorly. Dont worry android, you guys will always have a lock on the low-end cheap crowd, with your freeware operating system. Some of us still believe that you get what you pay for.
    Oct 10, 2012. 08:33 PM | 14 Likes Like |Link to Comment
  • "Based on our checks for in-store pickup at 100 U.S. Apple retail locations over the past week, we believe [iPhone 5] supply remains extremely limited," writes Gene Munster. That leads him to cut his FQ4 (September quarter) iPhone (AAPL -0.7%) forecast to 25M units from a prior 27.2M. He's keeping his FQ1 target of 49M units unchanged, but cautions some of those sales could shift into FQ2 if supply constraints last for more than 3-4 weeks. (previous: I, II[View news story]
    even more stupid is he didnt bother doing channel checks for the price reduced iphone 4's and 4s which have been selling out. The untold story here...
    Oct 4, 2012. 07:20 PM | 7 Likes Like |Link to Comment
  • regarding 1), If a chief justice of the supreme court will make a ruling based on a fear of the perception of a biased high court, its not a far stretch that the fed would opt not to ease now ahead of an election when they can ease in 3 months. If the worlds going to fall apart in 3 months without easing right now, don't we have serious, SERIOUS problems?
    Sep 13, 2012. 12:09 PM | Likes Like |Link to Comment
  • "We all live in an ATTizon duopoly now. And they will do with us what they please," writes Tero Kuittinen after looking at Verizon's (VZ, VOD) shared data plans. He sees the plans, which increase the minimum a smartphone user looking to upgrade has to pay to $90/month from a current $70/month, as an attempt to prevent voice/text revenues from being eroded by mobile apps (previous), and thinks they're fueled by a belief "Sprint and T-Mobile are now so weak they offer no effective competition." (also)  [View news story]
    Why are all of you people complaining? Youre the one's who refuse to switch to a rival, like sprint, because you're all slaves to the "all my friends have verizon" crap. Sprint lets you call any cell phone for no charge. Dont be mad when foolish lemming consumers enable these companies to become so big that they dont even notice you as they step all over you. I have used sprint for 5 years now and travel all over the northeast, including "deserted" areas for camping trips, and their service has never let me down and its priced reasonably. AND they have the stupid iphone now so whats the problem people. just switch carriers. vote with your feet! ...or buy vodafone/vzw shares and consider the dividend a 4.7% discount to your yearly bill.
    Jun 12, 2012. 02:53 PM | 4 Likes Like |Link to Comment
  • Proof that Fannie and Freddie didn’t cause the housing bubble, in one chart. Do Fannie and Freddie, Barney Frank and CRA explain bubbles in Belgium, Spain, the U.K. and the many other countries that experienced spikes even worse than in the U.S.?  [View news story]
    I love how seekingalpha now covers the blogs of every idiot with a box of crayons and construction paper. Yeesh
    Nov 15, 2011. 07:13 PM | 2 Likes Like |Link to Comment
  • Godzilla vs. Mothra? No, it's Krugman vs. Summers debating the proposition, “North America faces a Japan-style era of slow growth and high unemployment.” Krugman argued for it, Summers against it. Krugman won over a majority of the audience, but in a battle of Keynes vs. Keynes-lite, was there really much of a distinction?  [View news story]
    This reminds me of the foxnews broadcasts liberals always decry: the conservative vs the slightly-less-conserva... seems they dont mind it when its the lefty and the slightly-less-lefty. How was this even a debate? Its like watching communism debate socialism. Both should be tossed into an incinerator.
    Nov 15, 2011. 05:52 PM | 3 Likes Like |Link to Comment
  • Republicans have blocked Pres. Obama's jobs plan, but how would they add jobs? Basically, "allow more pollution," Paul Krugman claims. Perry and Romney have "put weakened environmental protection at the core of their economic proposals... claiming favorable employment effects from removing restrictions on oil and gas extraction." All they would do "is make us poorer and sicker."  [View news story]
    Honestly Seekingalpha, I dont see why Paul krugman's pieces are always featured on your news feed. To my recollection, you dont publish articles of any obviously right-wing economists to offer balance so why do you insist on publishing so many pieces from Krugman who's partisan bias always outweighs logic, reason and sound economic policy. You can't argue that joblessness is such a severe situation, but not severe enough to allow for any increase in fossil fuel development? This is the same BS argument used for the Kyoto Protocols that insisted climate change was severe and required such carbon caps: but NOT severe enough to have these protocols applied to china or india. Your continued coverage of Paul Krugman really diminishes your reputation. he is simply intellectually disingenuous for the sake of his political bias and if you insist on covering him, why not offer some balance to your market currents feed?
    Oct 21, 2011. 06:33 PM | 7 Likes Like |Link to Comment
  • The markets right now are at a key inflection point, says Bob Macke. The S&P 500 closed at 1220, which, for Fibonacci enthusiasts, is an exact 50% retracement of the recent selloff and a massively key resistance level. No matter what you think of the analysis, "market voodoo" or the "holy grail" of indicators, the Fibonacci ratio is one of the dominant strategies in the futures trading pits in Chicago - and 1220 will be a significant hurdle when the markets open on Monday. (video)  [View news story]
    Seeking Alpha, you are aware you are posting an article from oct 13th and you are making it appear as if this person said this today? because I was about to put a scathing post about him being an idiot because we closed at 1224.58 on the s&p, breaking the 1220 range and the former intraday high of 1222. Not only that, we rallied INTO THE CLOSE on a friday, which indicates a hunger to keep risk on over a weekend. All of these things are bullish signs and indicators this "significant hurdle" was just overcome. So nothing about this posting makes any sense including the last line which sounds like it was written by someday who slept through all of today. Which was a pretty nice day. Minus the rain in nyc =/ ...oh and those idiot protesters.
    Oct 14, 2011. 07:43 PM | 11 Likes Like |Link to Comment
  • The correlation between stocks and gold isn't changing, says Dennis Gartman following the yellow metal's unusual rise in tandem with stocks today. The more plausible reason, he says, is simply that investors just don’t believe in any Merkel–Sarkozy plan. If the market really bought into their promise of a "plan for a plan,"  then gold should have declined - but it didn't. (video)  [View news story]
    Fundamental flaw in Gartman's statement is that gold has not only declined, but has had the capacity to collapse on days where there was bad european news on an epic proportion that sent stocks reeling. No safe-haven status for gold on those days. Gold has been sold as of late in light of currency moves and de-risking after a monumental move in gold. Also, commodities rallied broadly today on a day the dollar took a 1.5% dump in the toilet. This statement from Dennis Gartman is particularly puzzling because he speaks as if there is only one factor that affects the price movement in a commodity such as gold. A man of his accomplishments is neither that stupid nor that naive, and leaves one other likely explanation for his "this rally ain't real" comments: talking his book. Which if its short this market may be about to take a dump of its own.
    Oct 10, 2011. 08:08 PM | 2 Likes Like |Link to Comment
  • Did someone know about the Google-Motorola Mobility (GOOG-MMI) deal in advance? MMI finished last week up 8.6% on no major company news even as the S&P 500 gyrated wildly before finishing down 1.7%.  [View news story]
    Is this a joke? As if its even a question of "if someone knew"? The old boys club continues on with their games while the rest of us toil within 4% volatile market swings. Dont tell me the SEC is doing its job.
    Aug 15, 2011. 05:20 PM | 1 Like Like |Link to Comment