Paul J Singh

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Today’s Trade: AAPL and ADM

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Paul J Singh

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I bought 200 shares of AAPL at $100.25. I went over the chart on Friday.

ADM (Archer Daniels Midland Co.) reports earnings tomorrow. I will likely place a buystop at $39.75-40.10, depending on how the stock looks at the close today. If the stock clears this level (which is an intermediate term high and about a point away from where the stock is now), it will mean traders liked earnings and this level will probably become support.

5 responses to “Today’s Trade: AAPL and ADM”

  1. walter Avatar
    walter

    ESRX pulling back nicely

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  2. The Market Speculator Avatar
    The Market Speculator

    looks good, although the large gap area makes it tough to get a handle on where to put the stop. Do you know what caused it to gap up? Earnings?

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  3. walter Avatar
    walter

    yeah earnings release the night beforeExpress Scripts reports 28% profit rise, lifts outlookBy Carolyn Pritchard, MarketWatchLast Update: 6:26 PM ET Apr 23, 2007SAN FRANCISCO (MarketWatch) — Express Scripts Inc. late Monday reported a 28% rise in first-quarter profit, boosted by higher sales of generic drugs, and lifted its forecast for the full-year period.The St. Louis-based pharmacy benefit manager (ESRX :Express Scripts Inc Cl ANews , chart , profile , moreLast: 95.65+0.08+0.08%12:55pm 04/30/2007Delayed quote dataAdd to portfolioAnalystCreate alertInsiderDiscussFinancialsSponsored by:ESRX95.65, +0.08, +0.1% ) reported net earnings of $133.7 million, or 97 cents a share, for the most recent quarter, up from $104.7 million, or 70 cents a share, in the same quarter a year earlier. Excluding onetime items, the per-share profit stood at $1.04.Revenue rose to $4.54 billion from $4.38 billion.

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  4. walter Avatar
    walter

    RKT is another earnings breakout to new highs on great vol followed by lower vol consolidation, etc

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  5. Market Speculator Avatar
    Market Speculator

    4th distro day today…More econ news out tomorrow should be a fun ride.< HREF="www.investorsparadise.com/marketspeculator" REL="nofollow">MS<>

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