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	<title>Comments on: July 22, 2008 Stock Market Recap</title>
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	<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/</link>
	<description>Trading, Stocks, Stock Market, Money Mangement &#38; Risk Management</description>
	<pubDate>Fri, 21 Nov 2008 12:13:58 +0000</pubDate>
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		<title>By: Michael</title>
		<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9570</link>
		<dc:creator>Michael</dc:creator>
		<pubDate>Thu, 24 Jul 2008 20:37:01 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9570</guid>
		<description>To HardHead and Richard,

There's a difference between a company's performance and its stock performance.  I was talking about stocks, not the companies.  All of the fundamental things you've mentioned about Apple have been known by the market for a long time so they're already priced in.  Then you have questions about shrinking margins &#038; valuation concerns, among other things.  

Both of you seem so certain that AAPL is headed to the moon.  I truly hope you've both 'backed up the truck' and that you're both right.  But I'll be looking for smaller cap stocks which can appreciate more easily.

P.S.  I'm a huge fan of Apple's products but I won't let that blind me to technical and fundamental issues with the stock.</description>
		<content:encoded><![CDATA[<p>To HardHead and Richard,</p>
<p>There&#8217;s a difference between a company&#8217;s performance and its stock performance.  I was talking about stocks, not the companies.  All of the fundamental things you&#8217;ve mentioned about Apple have been known by the market for a long time so they&#8217;re already priced in.  Then you have questions about shrinking margins &#038; valuation concerns, among other things.  </p>
<p>Both of you seem so certain that AAPL is headed to the moon.  I truly hope you&#8217;ve both &#8216;backed up the truck&#8217; and that you&#8217;re both right.  But I&#8217;ll be looking for smaller cap stocks which can appreciate more easily.</p>
<p>P.S.  I&#8217;m a huge fan of Apple&#8217;s products but I won&#8217;t let that blind me to technical and fundamental issues with the stock.</p>
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		<title>By: Richard</title>
		<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9569</link>
		<dc:creator>Richard</dc:creator>
		<pubDate>Thu, 24 Jul 2008 19:40:43 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9569</guid>
		<description>Going to iCal this one...  4 to 6 months down the road we will see just how wrong that "Best Days" comment is on Apple.

They are just starting to hit on all cylinders!  iPhone 3G soon to be in 70 countries, 25 Million downloads on the App Store in a week or so, a refresh of the MBP line in the works and GOD knows what else is up their sleeve.

C'mon, seen their best days, I don't think so!  MS has seen their best days, but that is another story.

On a day where the DOW drops 267 points and Apple is down over 6, smells like a buying opportunity to me.

Good luck everyone!

RP</description>
		<content:encoded><![CDATA[<p>Going to iCal this one&#8230;  4 to 6 months down the road we will see just how wrong that &#8220;Best Days&#8221; comment is on Apple.</p>
<p>They are just starting to hit on all cylinders!  iPhone 3G soon to be in 70 countries, 25 Million downloads on the App Store in a week or so, a refresh of the MBP line in the works and GOD knows what else is up their sleeve.</p>
<p>C&#8217;mon, seen their best days, I don&#8217;t think so!  MS has seen their best days, but that is another story.</p>
<p>On a day where the DOW drops 267 points and Apple is down over 6, smells like a buying opportunity to me.</p>
<p>Good luck everyone!</p>
<p>RP</p>
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		<title>By: Hardhead</title>
		<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9567</link>
		<dc:creator>Hardhead</dc:creator>
		<pubDate>Thu, 24 Jul 2008 10:54:57 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9567</guid>
		<description>â€œIâ€™m starting to get the feeling that Apple and especially Google, the other super-popular stock, have seen their best dayâ€

You are starting to sound like a "Happily Married Man" in a whore house.

I think both Apple and Daddy GooG have much more to grow. The problem is HEDGE funds playing on small time investors.  Well I got news for the hedge funds - sooner or later your going to DIE!

For a large cap - Apple is NOT standing still as MSFT.  Apple has more toys to come - damn they are so innovated! Similar, IBM has reinvented itself and they are thinking about using MACs instead of Ballmer Turds ( MSFT PC's).

Hope you had a nice vacation.  I'm not calling you an Apple Basher... yet!  :)

HH</description>
		<content:encoded><![CDATA[<p>â€œIâ€™m starting to get the feeling that Apple and especially Google, the other super-popular stock, have seen their best dayâ€</p>
<p>You are starting to sound like a &#8220;Happily Married Man&#8221; in a whore house.</p>
<p>I think both Apple and Daddy GooG have much more to grow. The problem is HEDGE funds playing on small time investors.  Well I got news for the hedge funds - sooner or later your going to DIE!</p>
<p>For a large cap - Apple is NOT standing still as MSFT.  Apple has more toys to come - damn they are so innovated! Similar, IBM has reinvented itself and they are thinking about using MACs instead of Ballmer Turds ( MSFT PC&#8217;s).</p>
<p>Hope you had a nice vacation.  I&#8217;m not calling you an Apple Basher&#8230; yet!  <img src='http://tradermike.net/smilies/yahoo_smiley.gif' alt='&#58;&#41;' class='wp-smiley' width='18' height='18' title='&#58;&#41;' /></p>
<p>HH</p>
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		<title>By: Michael</title>
		<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9565</link>
		<dc:creator>Michael</dc:creator>
		<pubDate>Thu, 24 Jul 2008 01:58:49 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9565</guid>
		<description>Paul,

Keep in mind that you can't just compare two companies based on stock prices.  RIMM's market cap is now $66 Billion and AAPL's is $147 Billion.  Trying to compare them based on stock price alone   won't reveal that Apple is more than twice as big as RIMM.

I'm not a fundamental guy but I'm sure many people would argue that AAPL is overvalued given that MSFT's market cap is *only* $241 Billion.  Other's might argue that it's undervalued.  Who knows what the proper valuation should be.  That's why I use technicals. :-)</description>
		<content:encoded><![CDATA[<p>Paul,</p>
<p>Keep in mind that you can&#8217;t just compare two companies based on stock prices.  RIMM&#8217;s market cap is now $66 Billion and AAPL&#8217;s is $147 Billion.  Trying to compare them based on stock price alone   won&#8217;t reveal that Apple is more than twice as big as RIMM.</p>
<p>I&#8217;m not a fundamental guy but I&#8217;m sure many people would argue that AAPL is overvalued given that MSFT&#8217;s market cap is *only* $241 Billion.  Other&#8217;s might argue that it&#8217;s undervalued.  Who knows what the proper valuation should be.  That&#8217;s why I use technicals. <img src='http://tradermike.net/smilies/yahoo_smiley.gif' alt='&#58;&#45;&#41;' class='wp-smiley' width='18' height='18' title='&#58;&#45;&#41;' /></p>
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		<title>By: paul</title>
		<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9564</link>
		<dc:creator>paul</dc:creator>
		<pubDate>Thu, 24 Jul 2008 01:28:09 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9564</guid>
		<description>I remember another time frame when the T2108 was over 80 - we discussed it - and you related it could stay that way for awhile, which it did.

Many charts that are right side up - volume related, trend related, can be turned over and what is true - right-side up seems to hold in an "upside down" frame. 

If we are in a market where there are "feared" people - who use every upside to tell their broker "get me out" this kind of invisible supply, could indeed keep the T2108 at a low level.  Yes, and of course, the new "short trader" is also creating an invisible demand.

As for AAPL - hard to believe, they are in their infancy - If RIMM is a 200 dollar stock
than AAPL is a $400 stock.  I related this to Howard yesterday, and he laughed, relating back
something like - It's addiction and popularity.
That's good talk on the Golf Course, the club house and the club bar - I believe RIMM is "on the line!"  AAPL is in their infancy as they controls a hardware and software market that builds on itself - with development, marketing and execution - 2nd to none.And has very little competition - Broad Spectrum. AAPL's greatest support comes from MSFT's lack of execution, poor entre of new products - flaws - and a fat head, pizza eating CEO - who's ego will kill their Search business. (No prejudice here, just experience with many of their new products - if they didn't have a monopoly - they would be gone by now. 

RIMM is in an industry - that "it" is the Target! Many of their outages were not announced - it's a flaw built into their system. With only one horse to "get out of town!" 

Nice to see you Back - missed the site!</description>
		<content:encoded><![CDATA[<p>I remember another time frame when the T2108 was over 80 - we discussed it - and you related it could stay that way for awhile, which it did.</p>
<p>Many charts that are right side up - volume related, trend related, can be turned over and what is true - right-side up seems to hold in an &#8220;upside down&#8221; frame. </p>
<p>If we are in a market where there are &#8220;feared&#8221; people - who use every upside to tell their broker &#8220;get me out&#8221; this kind of invisible supply, could indeed keep the T2108 at a low level.  Yes, and of course, the new &#8220;short trader&#8221; is also creating an invisible demand.</p>
<p>As for AAPL - hard to believe, they are in their infancy - If RIMM is a 200 dollar stock<br />
than AAPL is a $400 stock.  I related this to Howard yesterday, and he laughed, relating back<br />
something like - It&#8217;s addiction and popularity.<br />
That&#8217;s good talk on the Golf Course, the club house and the club bar - I believe RIMM is &#8220;on the line!&#8221;  AAPL is in their infancy as they controls a hardware and software market that builds on itself - with development, marketing and execution - 2nd to none.And has very little competition - Broad Spectrum. AAPL&#8217;s greatest support comes from MSFT&#8217;s lack of execution, poor entre of new products - flaws - and a fat head, pizza eating CEO - who&#8217;s ego will kill their Search business. (No prejudice here, just experience with many of their new products - if they didn&#8217;t have a monopoly - they would be gone by now. </p>
<p>RIMM is in an industry - that &#8220;it&#8221; is the Target! Many of their outages were not announced - it&#8217;s a flaw built into their system. With only one horse to &#8220;get out of town!&#8221; </p>
<p>Nice to see you Back - missed the site!</p>
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		<title>By: Dr. Duru</title>
		<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9563</link>
		<dc:creator>Dr. Duru</dc:creator>
		<pubDate>Wed, 23 Jul 2008 11:59:44 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9563</guid>
		<description>LOL. Yeah!
And as you know, I beg to differ slightly that playing earnings reactions is a sucker's game. Certainly, claiming to predict the outcome of any single earnings event is highly suspect (and I love laughing at the attempts I see on CNBC for example). But using options and a structured analysis, you can actually turn the odds in your favor over the course of one or more earnings cycles.
Homeboy can check out what I have written in the past on GOOG for some sampling. In particular, in January, I insisted that GOOG was due soon for a 10%+ one-day correction. But also note that for a brief period last year, I also insisted that playing GOOG options ahead of earnings had become a losing proposition. I just wish I could continue writing about GOOG...</description>
		<content:encoded><![CDATA[<p>LOL. Yeah!<br />
And as you know, I beg to differ slightly that playing earnings reactions is a sucker&#8217;s game. Certainly, claiming to predict the outcome of any single earnings event is highly suspect (and I love laughing at the attempts I see on CNBC for example). But using options and a structured analysis, you can actually turn the odds in your favor over the course of one or more earnings cycles.<br />
Homeboy can check out what I have written in the past on GOOG for some sampling. In particular, in January, I insisted that GOOG was due soon for a 10%+ one-day correction. But also note that for a brief period last year, I also insisted that playing GOOG options ahead of earnings had become a losing proposition. I just wish I could continue writing about GOOG&#8230;</p>
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		<title>By: Michael</title>
		<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9562</link>
		<dc:creator>Michael</dc:creator>
		<pubDate>Wed, 23 Jul 2008 04:53:36 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9562</guid>
		<description>Duru,

You're right about T2108.  I guess it would have been good if I had updated TeleChart before I posted that, huh?</description>
		<content:encoded><![CDATA[<p>Duru,</p>
<p>You&#8217;re right about T2108.  I guess it would have been good if I had updated TeleChart before I posted that, huh?</p>
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		<title>By: Michael</title>
		<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9561</link>
		<dc:creator>Michael</dc:creator>
		<pubDate>Wed, 23 Jul 2008 04:51:01 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9561</guid>
		<description>"Sergey",

First of all, I love how people like to talk smack under a fake name and email address...

Second, if I'm always late why are you here reading my site?

Third,  I was asked about AAPL TODAY, by people who want to know what to do with it after TODAY's move, so I posted the chart today.  The chart basically looks the same now as it did last week and last month, so my read on the chart would have been the same.  The stock lost a whopping 2.5% today -- big deal!  Trying to predict the earnings and the reaction to earnings is a sucker's game</description>
		<content:encoded><![CDATA[<p>&#8220;Sergey&#8221;,</p>
<p>First of all, I love how people like to talk smack under a fake name and email address&#8230;</p>
<p>Second, if I&#8217;m always late why are you here reading my site?</p>
<p>Third,  I was asked about AAPL TODAY, by people who want to know what to do with it after TODAY&#8217;s move, so I posted the chart today.  The chart basically looks the same now as it did last week and last month, so my read on the chart would have been the same.  The stock lost a whopping 2.5% today &#8212; big deal!  Trying to predict the earnings and the reaction to earnings is a sucker&#8217;s game</p>
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	<item>
		<title>By: Sergey</title>
		<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9560</link>
		<dc:creator>Sergey</dc:creator>
		<pubDate>Wed, 23 Jul 2008 03:51:34 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9560</guid>
		<description>Too late as usual. Post your analysis BEFORE earnings next time. Otherwise shut up.

"Iâ€™m starting to get the feeling that Apple and especially Google, the other super-popular stock, have seen their best day"

oh you're just "starting"? When will you have have "started"? AFTER aapl hits 100 and GOOG hits 300? haha</description>
		<content:encoded><![CDATA[<p>Too late as usual. Post your analysis BEFORE earnings next time. Otherwise shut up.</p>
<p>&#8220;Iâ€™m starting to get the feeling that Apple and especially Google, the other super-popular stock, have seen their best day&#8221;</p>
<p>oh you&#8217;re just &#8220;starting&#8221;? When will you have have &#8220;started&#8221;? AFTER aapl hits 100 and GOOG hits 300? haha</p>
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		<title>By: Dr. Duru</title>
		<link>http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9559</link>
		<dc:creator>Dr. Duru</dc:creator>
		<pubDate>Wed, 23 Jul 2008 03:14:43 +0000</pubDate>
		<guid isPermaLink="false">http://tradermike.net/2008/07/july_22_2008_stock_market_recap/#comment-9559</guid>
		<description>I am seeing a T2108 at just under 30 now...</description>
		<content:encoded><![CDATA[<p>I am seeing a T2108 at just under 30 now&#8230;</p>
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