New educational video on Apple’s stock price.
Tuesday, June 10th, 2008
FR: Adam Hewison, President INO.com
RE: New educational video on Apple’s stock price.
Dave Maher my partner, just uploaded a new educational video on Apple’s stock price that I made after the close on Monday. I think you’ll find it interesting and very educational given Apple’s big announcement yesterday on the new iPhone.
Click on the chart to watch my new 3 minute educational trading video on Apple,
Cheers,
Adam Hewison
President, INO.com
P.S. Here’s all the details of the Apple announcement courtesy of AP
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By JORDAN ROBERTSON
AP Technology Writer
(AP:SAN FRANCISCO) The iPhone will soon be $200 cheaper _ and come with satellite navigation, faster Internet access and other new features _ but higher monthly service charges are likely to erase most of the savings.
Apple Inc. revealed Monday that it has scrapped its pricing plan for the iPhone as it unveiled a model that works over faster wireless networks, addressing key criticisms about the device that have hurt the company’s foray into the cell phone industry.
An 8-gigabyte version with the new features will go for $199 when it goes on sale July 11, and a 16 gigabyte model will cost $299, the Cupertino-based company said.
Current iPhone owners who buy a new model and sign up for a new AT&T contract won’t have to pay any penalties to get out of their current contract, AT&T spokesman Michael Coe said. And anyone who bought an iPhone in an AT&T store after May 26 can return it before Aug. 1 for full credit against a new one _ less a 10 percent restocking fee.
Apple plans to make up the difference in sales revenue with volume _ and with subsidies wireless carriers will now pay for the right to carry the gadget.
In changing the pricing arrangements, Apple is pulling out of revenue-sharing arrangements with some wireless carriers, a move that frees the carriers to charge higher prices for the service.
Apple shares fell $4.03, or 2.2 percent, to close Monday at $181.61 on the news, a sign that some investors were hoping for more and others were taking their profits after a four-month run-up in Apple’s stock price, which leaped from $120 in March.
The new iPhones, initially to be introduced in 22 countries, are designed to work over so-called 3G, or third-generation, wireless networks and have global-positioning technology built in.
They will also support Microsoft Corp.’s Exchange software, an addition that puts the iPhone in more direct competition with Research in Motion Ltd.’s BlackBerry and Palm Inc.’s Treo smart phones and is intended to appeal to the business market.
Analysts have said Apple needed to slash the iPhone’s price and make it usable on faster networks to hit the company’s target of selling 10 million iPhones by the end of 2008. Apple said the 3G iPhones download data twice as fast as the older ones.
Apple Chief Executive Steve Jobs said Apple has sold 6 million iPhones since the first model launched nearly a year ago and 700,000 since March. That points to a steady slowdown in sales starting in the fourth quarter last year as customers waited for a 3G version.
Jobs showed off the new models of the iPhone and about a dozen new applications for the device at Apple’s Worldwide Developers Conference in San Francisco.
New applications range from video games that use the iPhone’s motion-sensing technology to guide characters to study tools for medical students and a program that allows users to find nearby cell-phone-carrying friends on a map.
One program brings real-time video highlights and game stats from MLB.com; another creates an Associated Press news feed based on the user’s location and lets users submit news tips to the AP.
Apple also announced a new Web-based service called “MobileMe,” which the company describes as “Exchange _ for the rest of us,” a consumer-friendly way for people to link their iPhones to their home and work computers so updates entered into one device automatically appear in the others.
MobileMe will cost $99 per year and come with 20 gigabytes of online storage.
AT&T Inc., the exclusive U.S. carrier for the iPhone, said service for it will start at $39.99 per month, plus $30 for unlimited data. That works out to a $10 increase from the cheapest plan for the first-generation iPhone; over the course of a two-year contract, that increase wipes out the savings from the price cut Apple announced Monday.
AT&T’s pricing covers only U.S. residents. While iPhone prices will drop outside the U.S. too, it was not clear whether other carriers would raise monthly fees to compensate.
AT&T also warned that it will take an earnings hit due to the pricing because new subsidies it agreed to pay will produce the iPhone price cut _ not a reduction from Apple.
Apple said in a regulatory filing that under most of its new carrier agreements, it will not receive a share of subscribers’ monthly service fees as it has under contracts for the first-generation iPhone.
Jobs said Apple waited to improve the iPhone for use on the faster network because the chips available when the iPhone first came out sapped too much battery life and were too bulky to fit the iPhone’s slim design.
The addition of global-positioning technology improves the iPhone’s accuracy in locating users. Current versions use a combination of cell-phone towers and Wi-Fi locations to help users figure out where they are.
The 1.73 million iPhones Apple sold in the first three month this year gave it a 5.3 percent share of the worldwide smart-phone market, according to research firm Gartner. Apple has been adding overseas markets gradually with carrier deals.
Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Here’s one of my favorite chart patterns
Head and Shoulders Formations
One of the oldest and most reliable of all chart formations is the Head and Shoulders Formation. This formation takes place usually after a trend has been established and in place for some time. It can in rarer instances take place in a continuation pattern and still be effective. The two formations we are going to look at today are a Head and Shoulders Top (HAST) and a Head and Shoulders Base (HASB). Both of these formations have a high degree of accuracy and usually portend a major change in direction for a market.
A normal Head and Shoulders Top (HAST) or Head and Shoulders Base (HASB) has a right shoulder, a head, a left shoulder, and a neckline. More complicated formations have double heads or double shoulders and, in some rare instances, triple shoulders. Both a Head and Shoulders Top (HAST) and a Head and Shoulders Base (HASB) have a neckline, and a Head and Shoulders formation should only be considered completed when the neckline is broken.
Once the neckline is broken, it is possible that prices can set back and retest the neckline. It is perfectly normal and healthy for a market to do this. Care must be taken that the retest of the neckline does not exceed by too much the original neckline and thereby abort the formation.
As a general rule, if the market sets back through its neckline and violates the left shoulder formation, it should be viewed as invalidating the original buy or sell signal. In order to predict the extent of a move a measurement is taken from the top part of the head to the neckline. The Head and Shoulders Target Zone (HATSZ) is created when you add or subtract this distance from the neckline, depending on whether it’s a Head and Shoulders Top (HAST) or a Head and Shoulders Base (HASB).
See how many chart formations show up in MarketClub. This type of formation occurs in stocks, futures, forex, metals and mutual fund markets.
Every Success,
Adam Hewison
Co-Founder, MarketClub.com
“Saturday Seminars” - Channel Analysis—The Key to Improved Timing of Trades
Currencies, fixed income, equities and futures are all characterized by price movement that is simultaneously both random and cyclical. The random movement is, of course, unpredictable. Cyclical movement is somewhat predictable, although not completely because the various cycles undergo gradual changes in amplitude and frequency. Channel analysis provides a simple way of focusing on the predictable. This knowledge will enable the trader to enter and leave the market at the optimum time for maximum profits. Using examples from the currency and stock markets, Brian shows you how the channel analysis method can be applied to both short-term and medium-term trading. You will learn fundamental relationships between short-term and medium-term trends, and how to decide when either type of trend is likely to change direction. You are given guidelines and rules for estimating the future target area in which the trends will again reverse direction. This will enable you to choose the trades with the highest gain potential and lower risk at the time trade is contemplated.
PDF WorkbookListen to Brian explain his 6 rules of successful trading…
- Hold a maximum of 8 stocks in your portfolio
- Invest approximately equal amounts in each
- Diversify between sectors
- There should be a logical reason for every action
- Should avoid the “manana” attitude
- Analyze and learn from every mistake
Brian J. Millard earned a Ph.D. in chemistry and was a senior lecturer at London University for fifteen years before beginning to use his scientific training to analyze the stock market. He left the university setting in 1981 to establish his own investment publishing business, writing books and authoring investment software. He is the author of five books: Stocks and Shares Simplified, Traded Options Simplified, Profitable Charting Techniques, Winning on the Stock Market, and Channel Analysis. The latest editions of the latter two books have been widely acclaimed for breaking new ground in the development of prediction tools for the market. John Wiley and Sons has taken over the publishing and distribution of his books, leaving Brian free to concentrate on investment research and software development. Brian is one of the few independent investment researchers in the United Kingdom. His work has advanced the concept of channel analysis, first developed by J.M. Hurst, into the realms of probability and chaos theory. Probability and chaos theory have recently appeared in software as the program Sigma-pTM. This software predicts turning points in long term trends up to six months into the future. Interest in Brian’s work has increased dramatically over the past several years. Traders throughout the United Kingdom and Europe are discovering his low risk, high profit methods through the use of popular channel formulating and drawing software now available. Professional traders throughout the European Common Market have requested that he share his insights and expertise via seminars and personal appearances. — To access more audios and videos please click INO TV
