Trading statement out. ARM. Looking good even though sp Down. Knock on/view of market hopefully.
Shorts continue to close
3 discclosures to FCA on 16/10/2014 Blackrock Advisors (UK) LTD dropped from .57% to .47% and is now not on the disclosure for 20/10/2014, so we are no longer able to follow this one closing further. Blackrock (NA) dropped from 1.08% to .94%, following a .11% drop on 13/10/2014 Blackrock Investment Management (UK) dropped .12% the day after it had incresed its short by .05% Ennismore dropped .06% to .98% Still big volumes being traded, including over 8 million yesterday, and given Apple beating expectations, might we get more disclosures in the coming days. Surely the SP has to respond soon.
Apple smartphone sales up 16%
Apple (NasdaqGS: AAPL - news) has posted a 12% jump in revenue - exceeding expectations following its best ever iPhone launch. Sales of the smartphone hit 39.27 million in the quarter ending in September, up 16% on last year. This surpassed the roughly 38 million some on Wall Street had expected, and excluded sales in China, its largest market outside of the United States. The new iPhone 6 and 6 Plus models went on sale last month and have already surpassed the previous-generation model in volumes, according to chief financial officer Luca Maestri. This helped Apple record sales of $42.12bn (£25bn) and profits of $8.5bn (£5.2bn). "Our fiscal 2014 was one for the record books, including the biggest iPhone launch ever with iPhone 6 and iPhone 6 Plus," Tim Cook, Apple's CEO, said. "With amazing innovations in our new iPhones, iPads and Macs, as well as iOS 8 and OS X Yosemite, we are heading into the holidays with Apple's strongest product lineup ever." However, the iPad continued to struggle amid a general decline in tablet sales. The device slid more than 13% to 12.3 million units. Apple hopes its recent alliance with IBM (NYSE: IBM - news) will help drive more tablet and phone sales to corporate customers. Shares (Berlin: DI6.BE - news) in Apple were roughly flat at about $100 (£62) in after-hours trade
BlackRock closing shorts
As of October 16, BlackRock reduced its shorts by 0.8% down to 3%, a rather abrupt move. This is good news for the stock price. Watch this space closely.
I cannot disapprove of shorting in principle but it does irritate me that BR target what is for them a relatively small company. Overall it is successful and what IQ always say is that value will out in the long run. Something Warren Buffett is just discovering at Tesco. Still we all make mistakes. Hopefully they will now wind down. The price should be about 30p surely?
Andrew, Phil, Godfrey and Howard...
.........have a good trading record buying and selling at the right time. They all sold a chunk at 48p In the early days Godfrey used to take his remuneration as Director in shares and options........then he dumped the lot at 48p. The others bought low and sold high. So this time round not only are they buying a chunk but using borrowed money.........so are they calling bottom. I think a poster here said one of the pundits was saying the semi conductor business is entering the boom part of the semi conductor cycle.........so that's good to. saidanothernicethingaboutiqeduster
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