Did anyone see the weird trading in Google today at the close? Google shot up to $480's on heavy volume....and then tanked to .01 ......
5 million shares changed hand in that whole event.....very strange...i'm sure all kinds of stop orders were taken out both ways....and i'm sure all trades after 3:58pm est today will be reversed.
Very weird stuff going on in the stock market this week!
Tuesday, September 30, 2008
Apple ( AAPL ) $112 Resistance Level - Day Trading AAPL 9/30
Today Apple ( AAPL ) is recovering along with the technology sector very nicely. We are back to yesterdays resistance level at $112....if we can somehow punch through that mark...it will be very bullish going forward. I'd like to see a close over this level in the next few days.
Apple intraday has had support at $106 and $108 for you day traders out there.
Apple intraday has had support at $106 and $108 for you day traders out there.
Apple AAPL Buy Upgrade 9/30
This morning, 9:05am EST Apple ( AAPL ) has been upgraded:
Apple Raised To Buy From Hold By Gabelli >AAPL
Apple Raised To Buy From Hold By Gabelli >AAPL
Stocks to Watch: 9/30 - AAPL, RIMM, FSLR
Today we are getting a bounce higher from yesterdays record plunge. Thursday looks like the earliest that they could start working on a new deal for the bailout plan. I honestly don't see this bill passing now because if you tweak the package, some of the No voters will turn to yes, but maybe some of the Yes voters will now turn to No.
Jim Cramer's new target for the Dow is 8200 if this deal doesn't get passed.
So what if we do get a deal? Well, I think you could see a 700 point up day if not more. Cramer said he's ready to tell people to buy when and if this thing passes.
Putting the above aside, stocks I will be watching and trading today are FSLR, AAPL, and RIMM. These three stocks are super volatile so and quick plunge should be bought, just remember to take profits quick. On Apple, $112 failed many times yesterday so if we break up through this level in the next couple days...you could see a nice move higher from that level.
Jim Cramer's new target for the Dow is 8200 if this deal doesn't get passed.
So what if we do get a deal? Well, I think you could see a 700 point up day if not more. Cramer said he's ready to tell people to buy when and if this thing passes.
Putting the above aside, stocks I will be watching and trading today are FSLR, AAPL, and RIMM. These three stocks are super volatile so and quick plunge should be bought, just remember to take profits quick. On Apple, $112 failed many times yesterday so if we break up through this level in the next couple days...you could see a nice move higher from that level.
Monday, September 29, 2008
AAPL - Apple Computer a Buy
Well, I never thought i'd see the day when Apple Computer was down 16% after being down so much the prior week. The stock market is so out of wack, nobody knows really whats going on. Why did the firms downgrading Apple wait so long to downgrade? At $110, Apple's Market Cap is $97 Billion when they have $20.77 Billion in cash just sitting in the bank. I can't remember the last time i've seen AAPL so cheap. Apple's products are in high demand and are mainly bought by higher end people.
So what did I do? I sold my Bidu at a minor loss at the chance to buy Apple under $110....less risk.....great upside.
Christmas come early! Thanks Santa Claus!
The Bailout plan is going to be voted on this afternoon....its going to be a close vote!
So what did I do? I sold my Bidu at a minor loss at the chance to buy Apple under $110....less risk.....great upside.
Christmas come early! Thanks Santa Claus!
The Bailout plan is going to be voted on this afternoon....its going to be a close vote!
Saturday, September 27, 2008
Bailout Plan: Congress Making Progress on Saturday 9/26
Today Congress appears to be making progress on the bailout/rescue plan for the financial markets. Hopefully we have a deal by tomorrow night 6pm EST when the Asian Markets open for trading.
If a bailout plan isn't agreed upon by that time....we could be looking at a serious down day on Monday. I think we have a few days grace period to get this done, as long as we don't hear the deal has stalled or looks unlikely.
When we get a deal, I think we will have a nice rally....but then people will focus back on the economy again. It's a vicious circle of pessimism!
Stay Tuned!
If a bailout plan isn't agreed upon by that time....we could be looking at a serious down day on Monday. I think we have a few days grace period to get this done, as long as we don't hear the deal has stalled or looks unlikely.
When we get a deal, I think we will have a nice rally....but then people will focus back on the economy again. It's a vicious circle of pessimism!
Stay Tuned!
Thursday, September 25, 2008
RIMM Earnings Miss - 9/25/08
Research in Motion ( RIMM ) came in with earnings of .86EPS vs .87EPS - so they missed by a penny.....stock is getting hammered down to $84....I think this is way overdone but given the environment we are in right now....you better not miss earnings! Also, they are giving really bad guidance!
$80.20 is next support which was the low back in March.
$80.20 is next support which was the low back in March.
( V ) Visa Technical Analysis 9/25/08 - Visa V Stock Chart
Visa Technical Analysis 9/25/08
Right now you want to watch the $64 level for Visa. Besides the Thursday meltdown to $58.38.....Visa held on a closing basis, $64. Once ( V ) breaks out of this lower lows, lower highs trend, it will stop going down.
Your first sign of this trend reversal will be a close back over $71.16....then you will want to be on board the Visa train.
Right now you want to watch the $64 level for Visa. Besides the Thursday meltdown to $58.38.....Visa held on a closing basis, $64. Once ( V ) breaks out of this lower lows, lower highs trend, it will stop going down.
Your first sign of this trend reversal will be a close back over $71.16....then you will want to be on board the Visa train.
Tuesday, September 23, 2008
Goldman Sachs ( GS ) catches Buffett & Berkshire
You know, I was watching the stock market close today like I do every day, and I noticed two things. At about 3:53pmEST the market was tanking and Goldman Sachs ( GS ) was starting to take off. GS went from $119 to $125 on heavy volume but I could not find any news.
Well look what has the stock market futures taking off tonight!
The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has reached an agreement to sell $5 billion of perpetual preferred stock to Berkshire Hathaway, Inc. in a private offering. The preferred stock has a dividend of 10 percent and is callable at any time at a 10 percent premium. In conjunction with this offering, Berkshire Hathaway will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, which are exercisable at any time for a five year term.
In addition, Goldman Sachs is raising at least $2.5 billion in common equity in a public offering.
“We are pleased that given our longstanding relationship, Warren Buffett, arguably the world’s most admired and successful investor, has decided to make such a significant investment in Goldman Sachs. We view it as a strong validation of our client franchise and future prospects,” said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc. “This investment will further bolster our strong capitalization and liquidity position.”
“Goldman Sachs is an exceptional institution,” said Warren Buffett, Chairman and CEO of Berkshire Hathaway, Inc. “It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance.”
Well look what has the stock market futures taking off tonight!
The Goldman Sachs Group, Inc. (NYSE: GS) announced today that it has reached an agreement to sell $5 billion of perpetual preferred stock to Berkshire Hathaway, Inc. in a private offering. The preferred stock has a dividend of 10 percent and is callable at any time at a 10 percent premium. In conjunction with this offering, Berkshire Hathaway will also receive warrants to purchase $5 billion of common stock with a strike price of $115 per share, which are exercisable at any time for a five year term.
In addition, Goldman Sachs is raising at least $2.5 billion in common equity in a public offering.
“We are pleased that given our longstanding relationship, Warren Buffett, arguably the world’s most admired and successful investor, has decided to make such a significant investment in Goldman Sachs. We view it as a strong validation of our client franchise and future prospects,” said Lloyd C. Blankfein, Chairman and CEO of The Goldman Sachs Group, Inc. “This investment will further bolster our strong capitalization and liquidity position.”
“Goldman Sachs is an exceptional institution,” said Warren Buffett, Chairman and CEO of Berkshire Hathaway, Inc. “It has an unrivaled global franchise, a proven and deep management team and the intellectual and financial capital to continue its track record of outperformance.”
( GM ) General Motors CEO turns to Google's Youtube.com
Today, General Motors is reaching out to investors in attempt to clarify where the company is headed going into the future. Rick Wagoner posted this Youtube video today.
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