Monday, November 17, 2014 3:18 PM EDT
TM Editorial Update: Many readers wrote in asking about the "mysterious 117.28 trade." It turns out the trade did not happen. It was an artifact of the options market that looked as if someone had bought $1.26 million worth of Apple for 2% above market price. No such trade occurred. This phantom trade however was posted as Apple’s 52-week high on financial sites around the Web — including Google and Yahoo — where it still stands two days later and as a result, creating the illusion of a Shooting Star pattern.
Big A** Shooting Star candlestick pattern on Apple. It’s a reversal pattern. A big one. Let’s see if it sticks. (I actually had a hilarious alternate way to offer up this sentence, but I shall refrain).
This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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This blog is not, and have never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural observations or other odds and ends strike me as worth writing about. So I take absolutely no responsibility for the losses – – or any credit for the gains – – you may or may not make from reading this forum. Whether you lose your life savings or make a fortune is entirely up to you and your own skills/luck/fate.
Please note I am the principal of Tim Knight Organization, LLC, a California-registered investment adviser. The content of the postings and investment strategies and discussions provided herein do not necessarily reflect the views, opinions or policies of Tim Knight Organization, LLC and Tim Knight Organization, LLC makes no warranties regarding the accuracy of their content or their completeness.
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The same thing happened few weeks ago range was 108-109... the high showed 110.3.
Oh yeah, what's the time stamp and volume??
Time 10:28:39, quantity: 10800
11K traded 2% above market does not a market make.
No, the author is right. Look closer, it was a dark pool interaction.
Agreed, the author should fix this.
Not sure where the 117.28 high printed from... I'm pretty sure it is an error.