Um excuse me; Peter Openheimer (your incorrect spelling used) is the CFO of Apple Inc. and has NEVER been considered as Steve Jobs' replacement. Tim Cook is the COO of Apple Inc. and is often considered as Steve's possible replacement. Please get the business structure and surname spelling proper if you are going to follow the company and/or comment on it. Thanks.
Zach Bass
· 1 year ago
Thanks for the correction. I meant Tim Cook, but Oppenheimer came out.
Bryan
· 1 year ago
The way I see it....
Sounds like Jobs is getting ready to step a side. Now this needs to be factored in a little. If Apple every announced his departure the stock would drop 20% in a day etc.. Sounds like they are talking the market down.
Second, MacWorld was a party. Jobs came on and talked it up and introduced cool products in front of Thousands of people. Yes, they can invite people to their own arena but it's smaller and doesn't have the same flare. Perhaps Apple doesn't have anything great this Jan. to introduce and doesn't want to be tied to the same date.
It's sad news and the party is gone. Kinda like not having a New Years party anymore.
I can tell you that TA is a great tool. Fundamentals are more important but TA gives you areas to watch.
Let me put it this way.... if the Dow came back to 7400 again - would you expect lot's of volume and price spikes in that area? Would you expect a double bottom perhaps?
If it broke through that level... would it just go down 50 points or would it probably go down 200-300 fairly quickly?
Fundamentally, the market would still be priced about the same - why the action?
To not see this and understand it is naive.
gumdrop
· 1 year ago
Name one billionaire who has made his/her wealth using TA. No name me one millionaire. No name me one person who has even managed to break even using TA. Using TA forces you to be a terrible investor. People who use TA Buy High and Sell Low. It is the absolute worst way to invest.
Case in point. Zach Bass told people to short the market at the bottom. AT THE BOTTOM. Zach Bass used TA on the *ViX and said the *VIX was headed for a huge breakout. The *VIX has since come down. Zach Bass said the S&P was headed down to 666. I mean WTF?? give me a break!
Zach Bass has been wrong EVERY SINGLE TIME because he only uses TA.
Zach Bass is not even a real investor. He holds a few short ETF's. What kind of portfolio is that? His net worth is probably under 5 digits.
He is just a charlatan who managed to get on the Google home page somehow.
He isn't even that good at TA!
Zach Bass
· 1 year ago
Gumdrop, all you can come up with are rhetorical arguments that are nothing more than logical fallacies. If you don't like my analysis, you could either present a counter argument or simply don't reply. I'm not sure why you waste your time.
TA is a way to analyze the behavior and sentiment of the markets. All I can do is provide a relative probability of a market direction base don that analysis. This market in particular has been so volatile that most traditional patterns have broken down, and from a fundamental side this market has completely ignored the traditional factors a longer term investor might key on.
Fundamental simply don't apply with a VIX above 45. I will say from a fundamental point of view, that a flight to quality should be our mantra going forward, because those companies that have strong balance sheets with little debt will ultimately win this race. But for now, even quality companies are getting hammered.
Bryan
· 1 year ago
gumdrop,
Zach was saying (what you described above) may happen.
I still think the market may go down to retest 7400 or possibly lower in the next couple of years.
The VIX may still spike. Perhaps we get real panic in mid 2009 or right after 4Q is announced and retailers start lining up for bankruptcy? These are all things to look for.
Technical Analyst is just a tool. If Apple is trading at 15 times earnings - I'm a buyer based on valuations. If Apple is at 40 p/e I'm out. TA is used to spot resistance and support.
All Comments
Sounds like Jobs is getting ready to step a side. Now this needs to be factored in a little. If Apple every announced his departure the stock would drop 20% in a day etc.. Sounds like they are talking the market down.
Second, MacWorld was a party. Jobs came on and talked it up and introduced cool products in front of Thousands of people. Yes, they can invite people to their own arena but it's smaller and doesn't have the same flare. Perhaps Apple doesn't have anything great this Jan. to introduce and doesn't want to be tied to the same date.
It's sad news and the party is gone. Kinda like not having a New Years party anymore.
Rimm earnings coming up.
COO = Tim Cook
http://www.fool.com/investing/value/2008/12/17/...
I can tell you that TA is a great tool. Fundamentals are more important but TA gives you areas to watch.
Let me put it this way.... if the Dow came back to 7400 again - would you expect lot's of volume and price spikes in that area? Would you expect a double bottom perhaps?
If it broke through that level... would it just go down 50 points or would it probably go down 200-300 fairly quickly?
Fundamentally, the market would still be priced about the same - why the action?
To not see this and understand it is naive.
Case in point.
Zach Bass told people to short the market at the bottom. AT THE BOTTOM.
Zach Bass used TA on the *ViX and said the *VIX was headed for a huge breakout. The *VIX has since come down.
Zach Bass said the S&P was headed down to 666. I mean WTF?? give me a break!
Zach Bass has been wrong EVERY SINGLE TIME because he only uses TA.
Zach Bass is not even a real investor. He holds a few short ETF's. What kind of portfolio is that? His net worth is probably under 5 digits.
He is just a charlatan who managed to get on the Google home page somehow.
He isn't even that good at TA!
TA is a way to analyze the behavior and sentiment of the markets. All I can do is provide a relative probability of a market direction base don that analysis. This market in particular has been so volatile that most traditional patterns have broken down, and from a fundamental side this market has completely ignored the traditional factors a longer term investor might key on.
Fundamental simply don't apply with a VIX above 45. I will say from a fundamental point of view, that a flight to quality should be our mantra going forward, because those companies that have strong balance sheets with little debt will ultimately win this race. But for now, even quality companies are getting hammered.
Zach was saying (what you described above) may happen.
I still think the market may go down to retest 7400 or possibly lower in the next couple of years.
The VIX may still spike. Perhaps we get real panic in mid 2009 or right after 4Q is announced and retailers start lining up for bankruptcy? These are all things to look for.
Technical Analyst is just a tool. If Apple is trading at 15 times earnings - I'm a buyer based on valuations. If Apple is at 40 p/e I'm out. TA is used to spot resistance and support.
Discussion is old.