They had a hell of a wait to break even. And they must not think it's going higher if they're selling. It's at 93.66 now.
Not in the way you're talking about in my opinion, but Apple does and we see how this tide is going. ouch for longs and bulls...could get ugly.
True, it has had quite a run so a pullback of 4-5% isnt so bad. I think stocks that are falling on great earnings are worth taking a look at, 2 examples IBM and MER.
Imagine if Apple missed. so when will nasdaq buying start off? gotta say, these markets are horrible... nasdaq has been pinned between 1750 and 1850 for the last 2 months.... seems like someone sold some Jan 1800 straddles. starting to think thats the way to trade these markets is just straddle them. bull market my ass. take a look at HSI. thats a bull market. when we break towards 1900 on the nasdaq 100 i'll believe it.
This scenario has taken place in 2005 and in 2006. The Nasdaq gets pounded the first 3-6 months and then there are always those guys who insist on buying the dips. For the last 3 years, there are always those who believe to buy on the dips the start of the year. Sometimes you can make the most money by simply not trading and waiting until the downturn comes. Sure, it might take a few months, maybe even 6 months, but those stocks that are trashed out will most likely rise up again in the second part of the year. There will be many shorting opportunities, but my sincere belief is that shorting is best left for the pros at the hedge funds and not done with my funds. Sit out the first 6 months and then trade the last 6 months. I find that to be a safe and money making scenario.
HSI has seen a nice run Index Value: 20,251.05 Trade Time: 10:01PM ET Change: Down 26.46 (0.13%) Prev Close: 20,277.51 Open: 20,215.55 Day's Range: 20189.36 - 20325.21 52wk Range: 15,204.90 - 20,554.60 Dont know how long their run is going to last but if global liquidy starts to dry up I wouldnt want to be long most of those international markets. As for the NDX, I think breaking out above 1820 area was certainly bullish, here is a 5 year chart on the NDX 100, http://finance.yahoo.com/charts#chart3:symbol=^ndx;range=5y;indicator=dividend+volume;charttype=line;crosshair=on;logscale=on;source= last time it was around 1800 before 2006, was in 2001. Many are thinking the nasdaq is ready to breakout even further, most likely to 3000 by the end of 2007, thats a little uncertain at this moment especially after the big run up. There needs to be a major catalyst to drive the nasdaq to 3000+. Imagine Nasdaq 5000 in a few years. I think by that time we would see our 1st stock top a $1 Trillion dollar market cap.