err this happens everyday, any new popular original app/game that gets released, you will have 100 copycats following. It's not apple's doing but other developers copying the idea. But it's not as easy as you think to get noticed & overtake the original. Apple's app store concept is great, it let anybody with the skills/talent to create their stuff and directly market it to millions. Before this it's literally impossible for the average joe to get their games out with any degree of success. Publishers rarely bother with those indy games, and you have to pretty much give the game away for free for them to even look at it. The app store also benefit the customers because competition keep the price down, i remember when ipad first came out all the games/app were like $5-$10. Now there are many good ones back at $0.99. I released a helloworld tictactoe app just to test the process and was relatively painless, apple also shows you all the stats(sales/profit/their cut etc..) Only thing is everything is coded using this objective-c instead of the standard java like on android. It's a pain in the ass & not an elegant language, I have no desire to touch it any further...until they take over the pc world...
02-09-2012 Quote from GrandSupercycle: These type of moves are unsustainable and tend to end in tears. . . This APPLE monthly chart won't be any different March 14, 2012 Why did ET admin / mods open two of my unread private messages ? Anyone got the guts to own up ?
How bout instead of trying to call tops, you just trade the trend. As the saying goes "The trend is your friend"..why do people keep forgetting that. Is there some kind of sex appeal to try and short the largest company in the world by stepping in front of a train?
Well said! Trends are the most important edge we have. If the Trend is up, you buy high on breakouts from consolidation areas, or you buy low after pullbacks. If the Trend is down, you sell low on breakdowns from consolidation areas, or you sell high after rallies. Those are the high probability trades. Trying to call tops and bottoms is just low probability guesswork.
When is it going to hit 1 tril in capitalization. The P/E isn't that extreme. The trend is scary though...
Quote from IBD: "On Thursday, Apple showed it too could go down. After rising six straight days and tacking on as much as 12%, the stock price bumped up against the 600 level. Getting there took an intraday gain of almost 2% in the first five minutes of trade, but once that was accomplished, resistance emerged. Resistance around whole numbers isnât unusual, but this reaction was almost to the penny. Apple rose 1 cent above 600 and then retreated. The stock fell 0.7% for the day. Volume was more than twice its usual pace."