AAPL.O

fucking hell, 94% rise in net income. even i didn't think that shit'd get so crazy so fast.

Dan, my naive understanding says that the american markets are open for a fixed amount of time. After that time, there is greatly reduced trading activity on those markets although if you want to bridge the wider bid to ask gap you can albeit with much less fluidity. The market makers have gone home so you're left to deal with whoever is left. After hours, some people are willing to bridge that gap in anticipation of getting in ahead of the morning rush the next day.

International markets are open 24/7 but not every US stock is traded on every international market.

I don't speak from experience.

After Hours Trading isn't an all-night deal. For the most part, it's just a 4 hour extension to the normal market closing time when a limited range of trading activities can occur through certain electronic systems.

I believe that, technically, you can trade whenever and wherever you want with anybody else who wants to trade. The accounting hassles and potential legal issues are such that people almost never trade off the exchange.

http://wheredoesallmymoneygo.com/after-hours-trading-explained/

+$57. Whoa. There's the rubber band. Now the question… I don't see any reason why the next quarter will be good. Will Apple plunge? I may sell some in advance of earnings that time.

Thanks for the info -- that's interesting. So it seems like you can trade any time, in any venue, as long as you find a willing party; you just don't get as much data to form your irrational exuberance -- I mean, your rational market decision.

ddt

Despite the fact that the activity can now more broadly happen in a larger number of hours, the categories of activities (and their implications) still differ widely from "in-hours".

"After hours" still has meaning, generally, though it *is* rapidly diminishing. The liquidity of the market and the prices paid compared to "in-hours" trading still vary much more widely. It's highly volatile (since the number of participants in the after-hours market is much smaller than the main trading hours).

I think we have a ways to go before there is true 24hr/day securities trading for the US markets, anyway.

Thanks, and one more question (which I could probably, you know, look up): what's the state of regulatory coverage in after-hours trading? Are all the controls and remedies from in-hours trading also in play? Or does it end up being more the parties knowing they can sue each other in civil court?

ddt

Quote
bahamut
+$57. Whoa. There's the rubber band. Now the question… I don't see any reason why the next quarter will be good. Will Apple plunge? I may sell some in advance of earnings that time.

Baha, remember that most of the bump in sales of the new iPad & new Apple TV will only be reflected in the next quarter. I don't see any reason why the next quarter won't be good...

Especially with those refrigerator-toasters coming out.

ddt,

I think it depends on which exchange, but I'm speaking from lesser knowledge here. I know we like to talk about "the stock market" but in reality, the different exchanges are just that. And I *think* there are several "after hours" exchanges as well. I suspect that as long as you're going through some sort of broker, there is still regulatory oversight (such as it is) but I do recall being warned about all sorts of possible nastiness (such as "and you are not necessarily guaranteed the best price") when placing after hours trades.

Whether by intent or simply it's not there yet, the illiquidity, the sketchy intercommunication, and the fragmented nature of the people making up the market lead to it being a slightly different beast on all but the most heavily watched/traded securities. Of course, there is also a reason why I'm not an investment manager, so take this info with a block of salt.

Mmm, salt. Thanks! I know -- like I said, I Could Go Look It Up.

There's good claim chowder re: Apple stock mentioned on Gruber today. I loved the analyst who said to short and now says, "it was good advice, just too soon." Basically, any stock is going to go down at some point, so if you can keep pulling that while the people who take your advice keep losing money, well, that's a hell of a CYA.

ddt

Apple's Reno connection. (Not J-Will)

http://www.nytimes.com/2012/04/29/business/apples-tax-strategy-aims-at-low-tax-states-and-nations.html?_r=1

Nice model corporate citizenship...

That's disgusting but not surprising...

New head of Apple hardware engineering.


http://arstechnica.com/apple/2012/06/apple-goodbye-hardware-engineering-head-bob-mansfield-hello-dan-riccio/


Bob Mansfield always looked to me like an grizzled bus driver, two years from retirement, and only one from a major coronary event. I hope he's got a long, restful retirement ahead of him; he certainly oversaw production of some amazing hardware.



Edited 1 time(s). Last edit at 06/28/2012 02:27PM by John Willoughby.

Back over 600 and climbing fast. The rubber band has taken longer than I thought this time but it's really snapping now. Assuming no calamities or bed economic news, I'd say 650 is around the corner.

So, no "Oh God, Oh God, we're all gonna die!" reactions to earnings statement?

Too soon to say "beleaguered" ?