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Bespoke: With Apple (AAPL) Gone, These Stocks Remain Trading over their 200 Day Moving Average for >500 Days
Friday, June 17, 2011 - 12:29pm | 442Apple (AAPL) rebounded (with the rest of the market) late in the day to essentially close right at its 200 day simple moving average. If something closes +/- 0.25% within a moving average I am not going to penalize it for breaking support, but according to Bespoke Apple closed below that key level...
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Friday's Mid-Day Options Volume Leaders
Friday, June 17, 2011 - 12:27pm | 88Here are today's mid-day options volume leaders… 1. Research In Motion (NASDAQ: RIMM) 432,400 contracts, 32.4% calls, 67.6% puts 2. Apple Inc. (NASDAQ: AAPL) 194,700 contracts, 58.0% calls, 42.0% puts 3. Freeport McMoran Copper and Gold Inc. (NYSE: FCX) 127,801 contracts, 88.2% calls, 11.8% puts 4...
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Reviewing RIM's Dismal Earnings Report, Low P/E Ratios, and the Damage Done
Friday, June 17, 2011 - 11:49am | 872By Michael Comeau A look at Research in Motion's headline numbers and a lesson in the dangers of buying stocks based upon low P/E ratios. Yesterday (June 16) after the close, Research in Motion (RIMM) delivered yet another dismal earnings report, continuing one of the most clearly telegraphed...
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Trading Plan for June 17, 2011
Friday, June 17, 2011 - 8:16am | 388Current Long Positions (stop-losses in parentheses): AGYS (7.60), CALP (7.28), SPY July 130 Calls Current Short Positions (stop-losses in parentheses): None BIAS: 6% Long Economic Reports Due Out (Times are EST): Consumer Sentiment (9:55am), Leading Indicators (10am) My Observations and What to...
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High-Flying Breakout Plays For 6/17
Thursday, June 16, 2011 - 9:59pm | 157Crazy day in the market today, but there are a lot of stocks testing that infamous 200-day moving average, including Apple (AAPL), Catepillar (CAT), and many others, not to mention the S&P 500 which was tested perfectly today. So there is a good chance we'll see stocks move much higher tomorrow...
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Yahoo Finance Having Problems?
Thursday, June 16, 2011 - 4:15pm | 131Benzinga is hearing reports that Yahoo! Finance is having trouble this afternoon. After performing a quick check of the site, stock pages for Ford (NYSE: F), Apple (NASDAQ: AAPL), Research in Motion (NASDAQ: RIMM), THQ (NASDAQ: THQI), and General Motors (NYSE: GM) loaded very smoothly. Individual...
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Apple (AAPL) Breaks Below 200 Day Simple Moving Average for First Time Since April 2009
Thursday, June 16, 2011 - 2:24pm | 350One of my buds on twitter just mentioned Apple (AAPL) broke below the 200 day moving average for the first time in a few years. Technically it is half right - the 200 day simple moving average is $325.50, while the 200 day exponential is $320.50ish. So still above the latter (which I use) but now...
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Want a Free iPod Touch? Too Bad; Apple Just Pulled the Plug on this Beloved Offer
Thursday, June 16, 2011 - 2:22pm | 213Now Microsoft's (NASDAQ: MSFT) pledge to give away a free Xbox to college students who buy a Windows machine does not seem so ridiculous. In fact, it seems downright generous. In an effort to save money, try something different, or show just how powerful the company has become, Apple (NASDAQ: AAPL...
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Stocks Off Highs, NASDAQ Weakest Index
Thursday, June 16, 2011 - 1:36pm | 181Stocks are off their highs, even though the three major indexes in the green. The NASDAQ is in danger of going negative first, as it is only up 2 points. It had been up as much as 6 points earlier in the session. The Dow is up 64 points, but had been up as much as 80 points earlier in the...
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Stock Market Alert: Understanding The Markets Bounce
Thursday, June 16, 2011 - 12:32pm | 295Speculation continues to swirl over the next Greek bailout. After the massive decline in the markets yesterday, today there is more calm. The SPDR S&P 500 ETF (NYSE: SPY) is trading at $127.93, +.91 (+0.72%). It appears the latest rumor is that a Greek aid package may be on its way regardless...
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Thursday's Mid-Day Options Volume Leaders
Thursday, June 16, 2011 - 12:07pm | 85Here are today's mid-day options volume leaders… 1. Apple Inc. (NASDAQ: AAPL) 115,001 contracts, 56.8% calls, 43.2% puts 2. Bank of America (NYSE: BAC) 92,613 contracts, 43.6% calls, 56.4% puts 3. Cisco Systems (NASDAQ: CSCO) 69,948 contracts, 73.9% calls, 26.1% puts 4. Ford Motor Co (NYSE: F) 59,...
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IBM Celebrates 100th Birthday
Thursday, June 16, 2011 - 11:57am | 251The news is a surprise to many who maybe believed that IBM (NYSE: IBM) have only ever made computers, but IBM is actually a full 100 years old today. This is an incredible feat for the company, whose full name is International Business Machines, particularly when considering the field that it...
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Who Wants to Be CEO at AMD?
Thursday, June 16, 2011 - 9:31am | 192It seems no one wants to be chief executive of Advanced Micro Devices (NYSE: AMD). Apple's (NASDAQ: AAPL) Chief Operating Officer Tim Cook, Oracle's (NASDAQ: ORCL) Co-president Mark Hurd, EMC's (NYSE: EMC) Chief Operating Officer Pat Gelsinger and Carlyle Group Managing Director Greg Summer...
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Could the MacBook Air Become a $3 Billion+ Revenue Opportunity!?
Thursday, June 16, 2011 - 8:35am | 79J.P. Morgan is particularly impressed with Apple's (NASDAQ: AAPL) MacBook Air. “Our latest view of the MacBook Air has become even more constructive,” J.P. Morgan wrote in a report this morning. “Over the next 12-18 months, we think that the average quarterly run rate of the device could reach 700...
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HP Selected to Modernize Guam's Court Case Management System
Thursday, June 16, 2011 - 7:50am | 110HP Enterprise Services today announced it has been awarded a contract by the Judiciary of Guam to modernize its court case management system and improve access to the courts via the internet. Under the terms of the contract, HP (NYSE: HPQ) will act as a systems integrator for the judiciary's...