AAPL announced new product yesterday, the stock dropped $7.5, and today went down further, another $1.75. So what happen? We said technology will be the leading sector, we say Steve Jobs is most admired tech guru, certainly he touched anything, anything will be gold! iPod, iPhone, you name it. You can blame buy on rumor, sell on news. But when I looked the Put/Call configuration, people bought 600 thousand calls and less than 460 k puts. Too much optimism is not a good thing and the maximum pain pointed to a disaster.
But how can we predict anything like this? Well, you can't. You say you can use super computer to forecast weather, because the natural phenomenon observes physics laws, but human behavior doesn't. This does not mean we need to be clueless when we do our investing. I am here to check all the numbers for you.
Smart money covered some of their short positions and the general public remain scared, this is a perfect condition for market to go up. Sometimes the macro economics numbers don't matter. As you all know that government will release the unemployment number tomorrow, will it be good or bad? If the market manipulators want the market to go up, good news is good news and bad news is good news as well, if you know what I mean.
Several things came to my attention, gold shot up as well as the following stocks:
CSUN
BIOF
Traffic report:
Yesterday (Thur) we had the second highest traffic, adding 64 unique visitors (new friends):
And today so far we added 24 unique visitors, plus 11 re-visiting friends.
The total hits (all the visits including people coming back to visit us) is getting close to 2,000. I put another traffic meter on the bottom which counts the total traffic. To be factual, I set it in such a way that automatically excludes all the traffic from my computers. Let's celebrate our success, again I would appreciate your effort to attracting new visitors. At this point, the more traffic we are getting, the more successful we will be.
1 comment:
where is our report for today
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