Indices are down on same old concern about Greece & other debt laden troubled countries.
S&P 500 @ 1333.13
Internals are negative minimum 2 to 1
VIX UP 6.07% @ 19.75
Oil UP 43 cents
Gold Down 70 cents
Canadian $ Down 26 tick @ 97.87
Portfolio is BIDU,LVS,NTES,JCP,TCK,AUY
Most stocks are down
@ 2.17 following are UP
BIDU,JCP,PCLN,KORS,GG,FB,ZNGA,
MU,JDSU,CIEN,EGO,AEM,SINA,GS....
BLOG does NOT give buy or sell.
Saleem
Hey Saleem,
ReplyDeleteI'm optimistic for a bounce before close based on short covering ahead of AAPL.
Stocktrader
Hi Stocktrader,
ReplyDeleteIF history holds, then that is the pattern.
AAPL ER MAY give comfort to this market......they know how to manage the street.....everyone is talking about lower iPhone Sales..so no surprise for lower guidance....
Saleem
Hey Saleem,
ReplyDeleteWednesday is often a reverse day anyways so the AAPL setup looks positive. Otherwise though, we might resume the selling again on Thursday for the rest of the market even if AAPL is bulletproof?
Stocktrader
SALEEM
ReplyDeleteAPPLE will disappoint today
Look for apple share price dropping!
I think guidance will disappoint
all in my humble opinion
BLTA
c
Hey Saleem,
ReplyDeleteDo you remember the release date for the new iPhone? If October (I seem to remember this), I can't see how Q3 guidance will look good at all? It just occurred to me how this might shape--great Q2, weak guidance?
Stocktrader
Hey c,
ReplyDeleteI see you have the same ideas! Funny we both decided to write it up.
Stocktrader
Saleem
ReplyDeleteand all bloggers
I am a believer in APPLE products
But I have held the bag too for apple stock too!
NOTE: The price of apple products in China is way expensive,,,,,
the average income in China is to low to buy a lot of Apple products--yet China is a huge growth engine!
My Father in law bought a iPhone now he is in awe by his peers---He spent 1/2 a years income on it.
When the new iPhone come (sept) out, and with an iMac refresh, apple TV , new iPd 7inch. wow great 3 and 4th quarter.
PS
My T stock too a 2.6% hit on earnings disappointment -a tiny miss
Hi Stocktrader & C,
ReplyDeleteAAPL iPhone5 is coming out in Oct....
I will not rule out Analyst pushing AAPL for a "buying opportunity of a lifetime" after close & on Wed.
Saleem
SALEEM
ReplyDeleteNow I gotta see J the Cramer --to see what he says
Should be interesting
thanks for your take ( you are probealy corret on release of iPhone 5 in October--At 65 I get goofy {smile}
C
SALEEM
ReplyDeleteWow apple way down $33.50
Gosh
C
Hi C,
ReplyDeleteAAPL missed Top & Bottom line......
IF it was CMG..it will be down $200 on a base of $400......as I said before..too many analyst will & ARE pushing AAPL.......Down $32 is nothing......
Saleem