Ok, so there are some AT&T service problems....so what! Look at the Sales Revenue in just 2 days -- This alone should have translated into a much higher opening on Wall Street today! So what gives? I demand an Sec Investigation!
You've got a lot to learn about playing the game...grasshopper! Save your money, stop trading until you've got this thing dialed in.
If the market was that easy, everyone would be a multi-millionaire in the markets. Perhaps the service issues are a bigger impact than you think... In the end, the market is always right.
perhaps the iphone sales were already incorporated into the price of the stock. Buy the rumor sell the news.
Sorry Dude, But, I have 20 years of trading experience. If I don't have this thing 'Dialed In', as you put it, by now I wouldn't still be in the game. You don't have to have excessive volume one way or the other for there to be a gap up in price at the open. Apparently, the market makers are erroneously keeping a lid on things right now which translate to price manipulation.
it is only down a little and the day is not over yet. plus there may be a little more to it than that. take a look at the followimg thread. there has been a decent discussion http://www.elitetrader.com/vb/showthread.php?s=&threadid=98042 you might want to look at other news stories as they could be an influence http://www.nytimes.com/2007/07/02/b...00&en=1b940dd792f6e017&ei=5043&partner=EXCITE http://apnews.excite.com/article/20070702/D8Q44P602.html there is some other possibly good news: http://www.nytimes.com/2007/07/02/t...00&en=a994ed34d12b5b39&ei=5043&partner=EXCITE