Apple is on a tear

Up more than $33 (23%) since it touched $142 on Jan. 3.

Volume has been high these last couple of days, leading to speculation that Apple may be back in the market, gobbling up its own shares.

Meanwhile, Apple is once again the world’s most valuable public company, having just scooted past Microsoft.

apple tear microsoft dust

My take: Happy for the longs. A good time to subscribe!

3 Comments

  1. Gregg Thurman said:

    The Historical Trend for the December quarter was destroyed by WS’s reaction to the changes in Apple’s forward guidance, worldwide economic slowdown and the Black Swan of an earnings warning.

    About a week too early to establish a reliable starting point for the March quarter, but the Historical Trend (8 years of data), with a Standard Deviation of 4.04 (in line with historical averages) so far, reflects a high for this quarter of about $189, with a high on FEB expiry of $181.

    0
    February 5, 2019
  2. Gregg Thurman said:

    Volume has been high these last couple of days, leading to speculation that Apple may be back in the market, gobbling up its own shares.

    Average volume since Friday has been ~33 million shares daily. That is in line with AAPL’s daily average for the past year. If Apple has re-entered the market for shares I think it occurred on the 30th and 31st of January last week, when volume averaged >50 million per day. Of that amount, if Apple had been buying it would have been responsible for, in total, no more than 20 million shares.

    1
    February 5, 2019

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