"A couple of interesting events we have this week, Apple unveils the Ipad 3 on Wednesday, although the Bollinger bands are so tight, I don't think the breakout will wait for Wednesday."
It didn't, first thing Monday morning...
"Content providers are not cooperating the way AAPL would like, they don't want to hand over so much control of content to AAPL. This is not a perfect analogy, but close enough. When APPL launched the I-Phone, they needed a network that was willing to upgrade their system so I-phone features could be utilized, AT&T stepped up and was rewarded with a 5 year exclusive contract. Imagine if not networks stepped up, this is sort of akin to the content problems AAPL is having"
Trade in AAPL yesterday at the launch of the I-Pad 3 and Apple TV
"We have a bevy of other potential game changing issues coming due around the same time, specifically the Greek PSI deal is slated to be completed Thursday this week and the consequences carry the entire bailout."
I suspected we'd hear some kind of European rumor to push the market higher, specifically remarking that it would likely be refuted within hours as per the norm.
And the news today...
"According to Greek SKAI, participation is now over 90%."
And for the follow up on that news....
"The SKAI number which ramped the market was based on the assumption of a CAC trigger ""
So risk was on based on the "leaked" erroneous results of the Greek PSI a full 10.5 hours before the results actually start trickling out, with no distincition being made as to what bondholder class did or did not participate initially any way. Meaning, even if there is a "successful" PSI % it is still wide open to market interpretation as there will be no way of knowing whether the Hedge Fund Blocking Stakes will present legal challenges in British courts.
Pretty much all of the elements expected are there, they may be a little off and a little out of order, but they are there.
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