Bart Yee on What the midterm results mean for the AI buildout - 'Joseph, the odds are slim and none, with None being the operative term. When you’re a crooked politician, contriteness, admission, and taking responsibility have already been excised from their thinking and vocabulary. Now the operative actions are to get what you can while you still can, leave a mess behind (as always for Republicans), and make cleanup as difficult as possible for the party elected to replace you. Doing a mea culpa does nothing to pad your Swiss bank account or vacation home outside of the US so why bother, you weren’t accountable to constituents, rule of law or the Constitution before, why start now? Something about changing stripes and seeing true colors, plus rats abandoning ship should be noted here.'
on What the midterm results mean for the AI buildout - 'Shorts perform a vital role in the market. Whether the market goes up or down, Shorts set support. As an equity goes down, at some point the Shorts buy shares back in order to return borrowed shares. They bought low and sold high, just not in the order most people understand. As an equity goes up the Shorts buy back the shares they borrowed and sold, supporting further gains in the shorted shares. One thing to consider with AAPL Shorts: most are expressed with options. Calls are sold with the expectation that the underlying shares are going to go down. Puts are bought with same expectation. In either case if the investor is wrong, unwinding the Short position bolsters the longs.'
on What the midterm results mean for the AI buildout - 'Well, it IS electric and those shorts can deliver quite a shock! 🙂'
on Apple price target changes - 'I haven’t run out of runway or patience but if Apple share price keeps increasing I may run out of options …..literally out of options. I mean can an honest trader get a pullback for a couple of months?'
on Apple bungee jumps to $349.51, a new record close - 'The market always loves certainty and the Midterms gave us certainty. I suspect the moderates will be going after tariffs, and the progressives going after investigations/subpoenas. Both will want re-engagement with out allies. They likely both support Ukraine and will work to find a peace with Iran. All those should make the markets happy. we shall see.'
on Apple bungee jumps to $349.51, a new record close - 'Interesting that AAPL has traded above $350 in pre-market, open market and after hours on numerous days recently, but just can’t close over $350. Is tomorrow the day?'
on Apple bungee jumps to $349.51, a new record close - 'I missed the absolute low Monday after hours but I was able to buy a pile that night at 227 to 227.6. I can trade till 8pm at Fidelity.'
on Apple bungee jumps to $349.51, a new record close - 'Man, did all those after-hours dumpers of AAPL following earnings just get spanked! And yes, I’m havin’ a laugh! Congrats to all those who had the gumption yesterday AM to beat everyone to the punch!'
on Apple bungee jumps to $349.51, a new record close - 'I am just elated that the results were so decisive that there was no blood on the streets. I was afraid that Trump was going to pull shenanigans. Go Democracy!'
on What the midterm results mean for the AI buildout - 'Regarding Tesla, I would not bet against Musk. To be clear, I would not bet on him; I do not (nor will I ever) own Tesla stock- too volatile and uncertainty). But it is a fun stock to watch, probably because it always changing. But I would not bet against him. Just ask Bill Gates, who has lost an estimated $1.5 billion to (probably closer to) $10 billion by shorting Tesla stock.'
on Apple price target changes - 'Tim Long at Barclays makes the same insane projections year in and year out. One day the truth will out, because there can be no rational explanation for it…'
on Apple bungee jumps to $349.51, a new record close - 'The market always likes a divided government. Oil drops. Apple had a record 4-Q. Now they’re reaping the rewards by having a first time ever Monday earnings report. BTW, John Ternus was just fine on the earnings call.'
on Apple bungee jumps to $349.51, a new record close - 'And consider the price targets posted here on the previous post… Will Apple have to give back money to meet some of them?'
on Apple price target changes - 'Paraphrasing what Smith-Barney used to say: “Apple makes money the old-fashioned way – they EARN it!” 🙂'
