Apple dominated StockTwits chatter as they kicked off the 2009 World Wide Developers Conference with new products and upgrades. Snow Leopard promises to be a faster and leaner OS, the iPhone has finally received a virtual landscape keyboard, and the new MacBook Pro starts at $1199. Sweet. Looking back, this last post indicates that I…
The Pod People have had a nice run since the March shakeout, and while I think Apple is due for an ass kicking, it is best to go with the flow. The trend remains higher with price well above the upper Bollinger, signaling buying pressure. That said, resistance is heavy and the rally has occurred…
Here is the Bloomberg scoop on Apple (AAPL), today’s top ticker on StockTwits. AAPL is retesting support for a third time, trapped by resistance around 98. According to Bloomberg, a JP Morgan analyst named “Moskowitz, who has an “overweight” rating on Apple’s shares, cut his price target to $100 from $102… [because the] next few…
Here are the tickers making noise on StockTwits. Apple looks ready to plunge into the abyss. If you’re a regular reader of Smoking Securities, you know I think AAPL is a dog. $27 cash is great, but using using a low estimate of 4.66 EPS next year, a 10 PE makes this a $74 stock….
Word on the Street is Steve can no longer run the show at Apple. Here’s the Bloomberg scoop. Though this chart doesn’t reflect the new low of $76.51, it does reinforce my belief that surprises tend to move stocks in the direction of the primary trend. Participants long Apple stock are prone to frustration and…
Here are the tickers making noise on StockTwits I haven’t liked AAPL for months, and only price will convince me this isn’t a terrible company. Damn cognitive dissonance… my psychology continues to work against me because I think oil is cheap, but there is no evidence of a trend change. FMCN appears to be in…
Hot picks from StockTwits.com Apple continues to enjoy a short term uptrend, but I think there are better places to feed. General Motors still looks terrible, but it too is enjoying a short term uptrend. Google might break the downtrend, but it’s at major resistance. POT is dangerous, and should be avoided (unless you like…
Apple gets plenty of talk on StockTwits.com Short this dog. Looks like a good short to cover at 55 with a nice close stop ~90. This is the trickiest of the bunch. I suspect it will move higher due to the credit crisis, but I do have a firm belief in China’s fundamental growth story….
Thoughts from the collective at StockTwits.com I suspect Google stinks, but I’m not short yet. It will rally, but there are better opportunities. General Motors is also terrible, long or short. Better stocks abound. C continues to rally, and thought it has hit my 7.60 target, there is no reason to run. 12 anyone? I…
RIMM will take months to repair, and I have no love for their products. Google barely budged today, and as much as I love the company, the stock is shit. People who won the C game bailed early, but it might push to 7.60 before collapsing in half. Another terrible tech stock. Macs are lame,…