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Sunday, July 31, 2011

Apple has more cash reserves than the US government

"Also, with a $75.9 billion balance, Apple is obviously doing really well in the “cash reserves” department, but it sounds even better when you hear the U.S. Treasury Department say that the government now has a total operating balance of $73.8 billion."

And, its the world's top smartphone vendor.



Gene said...

SOHU was a nice short today off a break of the 6th bar low. I would have liked for that bar to be red, but it left an upper tail at resistance from the 8EMA and the 38.2% retracement of the opening range. I held it until it reached the Fibonacci extension, which was most of the day. But it was a big winner for me and a great way to start the week.

Gene said...

Oh, 5-minute chart. And this to me is like the classic X setup but short instead of long - gap, pullback to retracement zone, then move to the Fibonacci extension.