Whats going on with this stock today?
Aapl
- Thread starter Trend Fader
- Start date
Something has been going on with AAPL for some time. After its earnings report the stock has done nothing but show strenght. Even as the market has experianced distribution days it has held up. It should be expected that a breakout would attract significant buyers to the stock. As a disclaimer of sorts I am long AAPL from 44.53
Brandon
My guess is it's up lately on this: http://apple.slashdot.org/apple/05/08/12/207217.shtml?tid=179&tid=118
I'm long since a split adjusted ~$5/share in the 90s.
I'm long since a split adjusted ~$5/share in the 90s.
AAPL made a run because of the Dell news because the traders out there figure AAPL might be gaining some market share.
Well done....plausible analysis. One other point: could be some hedgie short-covering too. Friday's action was telling: every dip was bot.
BUT.....one thought may eventually lead to it's demise however:
the ENTIRE PC market is getting weak...consumer discretionary spending going down; corporate IT spending still controlled by the bean-counters....and "they ain't buyin anything".
BUT.....one thought may eventually lead to it's demise however:
the ENTIRE PC market is getting weak...consumer discretionary spending going down; corporate IT spending still controlled by the bean-counters....and "they ain't buyin anything".
??