“Apple might be reaching a key technical level and be about to help push stocks higher,” Barbara Kollmeyer reports for MarketWatch. “The iPhone maker has broken out of a cup-with-handle pattern, and the stock could now march to the $114 mark, according to Dragonfly Capital’s Greg Harmon.”
“He invoked the Ides of March and Apple, though some scoff at those Ides of March-markets type discussions,” Kollmeyer reports. “Harmon said the point of Ides is that it marks a ‘turning point in history,’ which he thinks Apple may be about to embark on.”
“If you haven’t been watching,” Kollmeyer reports, “Apple is pretty close toturning positive on a year-to-date basis.”
Read more in the full article here.
MacDailyNews Take: Well, if the cup-with-handle pattern is broken…
Everyone knows not to buy AAPL after the chart last week showed an inverted armadillo, nice try Greg Harmon of Dragonfly Capital.
Funny.
No clue, Stoooopid.
So basically they’re doing the same as when people see faces in clouds?
AAPL’s Dish and Spoon quotient, along with the inverse corrugation of the entrails of the sheep I just sacrificed, indicate it will continue to run up to 143.73 by the Autumn Equinox.
Oh I see it now. It helps if you squint a bit.
I personally think the stock is up because of the expectation for new products. Apple has got a bit predictable in their product announcements and releasing new products during the year will add a bit more excitement for the market. Don’t get me wrong – I think that Apple’s stock is worth a ton more than it is but the street needs to be kept on its toes to maintain interest in the stock.
You should know those products are going to be received with a huge yawn followed by whispers of Apple’s lost mojo. Why would the Apple critics be excited seeing some rehashed iPhone and iPad when they’re looking for some product from the 23rd century? Apple needs to get a really good front man who can spin some yarns about futuristic Apple products. That’s the only way Apple can get investors to salivate.
Elon Musk took analysts on a tour of his pretty factory and even though they don’t know anything about manufacturing and production they supposedly were impressed with the robots and stuff. That’s why every single day Tesla’s share price goes up another percent or two. They think a fancy factory is going to help Tesla sell more vehicles when gas is dirt cheap.
With Apple the share price is lucky to go up a couple of cents a day. Apple can make more money in a month from selling iPhones than Tesla can in a whole year selling electric vehicles but all of Wall Street is impressed with Tesla as being the future of transportation. It’s stupid but that’s how these people think in grandiose terms.
Speaking of historic changes, how about when Caesar crossed the Rubicon; now that changed history.