The big news yesterday was AAPL’s market cap reaching $1 trillion. For chartists, however, the big story was the breakout shown below. It’s hard to overstate the importance of this move. Just a few days ago, the stock had broken below a trend line dating back to April 27 and was retreating from its 2.24 … continue reading →
Tag Archives: buyback
$20 billion here, $20 billion there. Pretty soon you’re talking real money. Maybe Zuck should have accelerated his sales a bit more. Facebook’s disastrous conference call and outlook has seen the stock plummet 25% from its earlier highs.Note that this brings FB back below: (1) the trend line which has buoyed it since April 4; … continue reading →