<p>$compq found support at the 200 DMA and left a doji candlestick. There have been a bunch of similar candlesticks (hammers too) and these have generally marked tops in an uptrend or bottoms in a downtrend.</p>
<p>I’m thinking of maybe buying some aapl call and put spreads on Friday. What are you guys buying or selling?</p>
<p>Aapl reports Thursday</p>
<p>Amzn missed.</p>
<p>Aapl missed.</p>
<p>I marked up a chart of AAPL at 3:30 this afternoon hoping for a reason to buy AAPL before earnings. The chart was bearish. I considered their products, their major markets, the competition and my analysis told me not to buy it. I talked to a friend about it and his perspective was similar to mine on the overall market. So I didn’t buy it. And then I saw their revenue and earnings and they sounded great. Until I discovered that they missed and that guidance was significantly below expectations.</p>
<p>So we’ll see where they are tomorrow.</p>
<p>Not surprised about AMZN - that’s what happens when you sell things at cost.</p>
<p>AAPl dropped a little and then recovered after hours despite a large miss. Could this signal a bottom in Apple and if so, could it be the bottom of the market?</p>
<p>I would certainly like to get back in and was hoping for a drop to around the $570 area.</p>
<p>The real miss is their guidance for next quarter - however their predicted revenue and earnings are still gigantic.</p>
<p>Aapl will have a super 4th qtr (maybe its the company’s first qtr). The gross margins on the mini is lower than the company’s average gross margins. If the mini ipad cannibalizes sales of the regular ipad, they have to sell more minis to make up for this.</p>
<p>[Apple</a> Q4 Earnings - Business Insider](<a href=“http://www.businessinsider.com/apple-q4-earnings-2012-10]Apple”>Apple Q4 Earnings)</p>
<p>“Strongest iPhone line up w/ iPhone 4 free on contract. Also, iPad mini priced aggressively. Its GM is significantly below corporate average. So, we expect 4 percent sequential decline.”</p>
<p>Apple always sandbags earnings so it’s best to ignore guidance.</p>
<p>^^we all know this - however the difference is more extreme this time but still represents huge growth over this quarter and on year over year comparisons.</p>
<p>Samsung had fantastic earnings too - on their mobile products. It appears that their component business isn’t faring so well. Apple does have some real competition on their hands.</p>
<p>A friend that has a ton of Apple gear is looking at replacing his iPhone 4 with a Galaxy Note 2. I’m curious to see if he really does it.</p>
<p>AAPL is looking more and more attractive as a buy - still holding out to buy it and perhaps goog.</p>
<p>Couldn’t help myself with aapl and bought the 12/22 500 - 635 call spread and the 595 - 565 put spread. Breakeven = 596.78, max loss to 565 = 1.78, max profit = 38.22.</p>
<p>Still watching AAPL. I’m not interested in buying GOOG at these levels right now. INTC is interesting too.</p>
<p>I just finished watching the documentary 97% Owned. Im amazed that in the UK only 3% of the total money supply is physical cash (paper & coins) and the rest is commercial bank money. I presume its about the same here. The private banks create electronic cash out of nothing whenever it issues debt and the new money enters the economy whenever people spend credit. </p>
<p>So basically, to have a growing economy you need growing debt. A huge percentage of the funny money created was channeled into high risk investments instead of productive activities that actually create jobs.</p>
<p>GDP grew 2% but corporate earnings (GOOG, AAPL, AMZN, DD, DOW, MCD, CMG, CAT, MMM) are down. I guess everyone is spending at PNRA, LLY, AMGN and EXPE instead.</p>
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<p>Actually profits at AAPL were up huge. But they missed estimates by 8 cents.</p>
<p>You really have to look at the earnings reports before you make a blanket statement. Companies like AMZN may be investing in new businesses so that they show a paper loss. I think that the main problem this quarter is that earnings growth is weakening.</p>
<p>Sorry BCE. I only look at this: </p>
<p>Fiscal Year: Q4 2012
AAPL:NASDAQ reported Q4 2012 earnings of $8.67 per share on 10/25/2012.
Estimates
High: $9.68
Low: $8.00
Consensus: $8.76
AAPL:NASDAQ Missed consensus for this quarter.</p>
<p>Apple earnings were up over 24% YOY. Google’s earnings were up about 9% before special items over last year.</p>
<p>Your original assertion stated that corporate earnings are down at these companies. Your assertion was false for Google and Apple. I didn’t check the other companies. I find it odd that you think that analyst numbers and whether a company meets, misses or exceeds them has any relation to corporate earnings.</p>
<p>The average person hasn’t taken a courses in accounting and finance though so it may be that the typical investor is clueless on how to value securities.</p>
<p>BCE, I’m talking about GDP 2% in the third quarter and comparing that to the latest quarter earnings of certain companies not YOY. Unfortunately, I’m a Business Mgt grad of a Jesuit university and I apologize if I’m more clueless than your expertise in valuing securities.</p>