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Post by wheeles on Oct 18, 2012 9:18:06 GMT -8
Can anyone explain why on earth they decided to to this in the middle of a day... There have been screw-ups like this before with other companies. Fat finger perhaps, or maybe something more devious. It makes me even more reluctant to trade on the days that Apple has an earnings report.
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icam
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Post by icam on Oct 18, 2012 9:18:35 GMT -8
Couldn't be happening to a better company...do no evil! Keep giving your lousy Android software and stolen Apple technology away. They're losing the mobile war.
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Post by mbeauch on Oct 18, 2012 9:19:42 GMT -8
Can anyone explain why on earth they decided to to this in the middle of a day instead of waiting until after hours and letting the company call play out so that it could be done in an orderly manner? Now they are suggesting that it was a "fat finger" on the reporting agent's side! WTF ..makes no sense to have done this in the middle of the day and I would NOT be surprised if indeed there was a screw up in reporting. The street was blind-sighted at so many levels! Unreal At lunch time no less. Released even included a placeholder for Larry's quote. I don't see a guidance number either for next Q Google does not issue guidance.
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Post by phoebear611 on Oct 18, 2012 9:22:05 GMT -8
Wow just confirmed - fat finger - I knew it!
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Mav
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Post by Mav on Oct 18, 2012 9:22:18 GMT -8
PENDING LARRY QUOTE
Pfffffft! ;D
Small chance my 725/720 legged-in BPS can be sold at a gain.
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Mav
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Post by Mav on Oct 18, 2012 9:23:03 GMT -8
Far as AAPL - here we go again. Longer-term, clearly Android is not THAT winning...
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Post by aapl4kiki on Oct 18, 2012 9:24:21 GMT -8
Wow just confirmed - fat finger - I knew it! whoops.
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Post by mbeauch on Oct 18, 2012 9:25:14 GMT -8
Can anyone explain why on earth they decided to to this in the middle of a day... There have been screw-ups like this before with other companies. Fat finger perhaps, or maybe something more devious. It makes me even more reluctant to trade on the days that Apple has an earnings report. Fat finger my ass, I have already read articles that say an hour before the announcement the bears were heavy into the puts. Believe me, there are plenty of people who knew this was coming. GOOG was halted, but the rest of the market was hung out to dry.
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Post by greedynoob on Oct 18, 2012 9:26:10 GMT -8
Followed two hours later by announcement of an incredibly lame new product: the new $249 Chromebook by Samsung. I cannot possibly improve on Gruber's news item, so I'll just quote it:
“You know what I’d like? An ARM-based computer that doesn’t run anything other than a web browser and gets only 6.5 hours of battery life.” —No one
EDIT: oh good god almighty, twice as thick as an iPad, and 60% heavier. Granted, it's a netbook with a keyboard, not a tablet. But it only runs a browser, so functionality-wise it's more like a crippled tablet, just much thicker and heavier, and I suspect with a much lower-quality display. What idiot thinks there's a market for this turd???
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icam
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Post by icam on Oct 18, 2012 9:26:15 GMT -8
Still halted. Almost an hour now. And, it might be halted for the rest of the day. I've never seen a major equity halted for half of a trading day. WOW!
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Post by phoebear611 on Oct 18, 2012 9:26:37 GMT -8
What a frigging three ring circus...how much more time before they figure out AMZN is all smoke and mirrors???!!!
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4aapl
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Post by 4aapl on Oct 18, 2012 9:27:09 GMT -8
They have dropped AAPL on little volume for the size of the move. crooks. Time to get the legion involved. If each of the 2000 readers buy just 1,000 shares within the next 30 minutes, we could actually move this stock. Come on everyone, head down to MoneyTree and get that payday loan going. Don't forget to pawn your jewelry and get a title loan on your car. The blood bank only gave me a shirt and a muffin last week, but maybe if you give 3 pints at once you can get some cash! Act now. The market can stay irrational longer than you can stay solvent, but you'll likely be kicking yourself a year from now. Time for Zaky to have a rehash of "buy now". Heck, maybe Cramer will get in on the action. One of his horsemen tripped.
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4aapl
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Post by 4aapl on Oct 18, 2012 9:28:06 GMT -8
What a frigging three ring circus...how much more time before they figure out AMZN is all smoke and mirrors???!!! "2 more years!!!! 2 more years!!!!"
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Mav
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Post by Mav on Oct 18, 2012 9:28:13 GMT -8
Yes and no.
Not a catastrophic selloff at -1% NASDAQ right now.
Far as who knew in advance - I'm sure the trades will get cancelled and the SEC will investigate if warranted. (/sarcasm)
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Mav
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Post by Mav on Oct 18, 2012 9:29:32 GMT -8
Cramer on fundies: What do you say now? Heh. Don't look at me to be buying a mere 1k shares on the dip.
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Post by lovemyipad on Oct 18, 2012 9:30:58 GMT -8
GOOG: RR Donnelly leaked earnings...
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Post by phoebear611 on Oct 18, 2012 9:30:59 GMT -8
Cramer LAST WEEK did a show on GOOG being his top pick and AMZN being his second pick into year end based on momentum and he told everyone BUY BUY BUY!
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4aapl
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Post by 4aapl on Oct 18, 2012 9:32:53 GMT -8
Don't look at me to be buying a mere 1k shares on the dip. Exactly! (forgot the {sarcasm} previously) But hey, just because I don't feel I have the same "following" of people blindly buying exactly what I suggest doesn't mean I can't feel paranoid.
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Post by phoebear611 on Oct 18, 2012 9:32:55 GMT -8
They have dropped AAPL on little volume for the size of the move. crooks. Time to get the legion involved. If each of the 2000 readers buy just 1,000 shares within the next 30 minutes, we could actually move this stock. Come on everyone, head down to MoneyTree and get that payday loan going. Don't forget to pawn your jewelry and get a title loan on your car. The blood bank only gave me a shirt and a muffin last week, but maybe if you give 3 pints at once you can get some cash! Act now. The market can stay irrational longer than you can stay solvent, but you'll likely be kicking yourself a year from now. Time for Zaky to have a rehash of "buy now". Heck, maybe Cramer will get in on the action. One of his horsemen tripped. I had to buy 100 more calls of AAPL as it was falling in tandem.
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Mav
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Post by Mav on Oct 18, 2012 9:34:15 GMT -8
See also Redler - I like Redler, but events like this can invalidate technicals. Still befuddled why AAPL wasn't his high-beta pick last year.
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Post by greedynoob on Oct 18, 2012 9:34:17 GMT -8
Cramer LAST WEEK did a show on GOOG being his top pick and AMZN being his second pick into year end based on momentum and he told everyone BUY BUY BUY! Well, see, he was half right. GOOG certainly showed some amazing momentum this morning!
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Post by lovemyipad on Oct 18, 2012 9:41:37 GMT -8
See also Redler - I like Redler, but events like this can invalidate technicals. Still befuddled why AAPL wasn't his high-beta pick last year. YES! Thus the "objective, not predictive." Anything can change any moment.
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Mav
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Post by Mav on Oct 18, 2012 9:45:25 GMT -8
Ahem! Still befuddled. GOOG and 750s...nuh uh. No ATH for you! Too bad Redler will catch some heat but he does look at fundies enough AFAIK to have known better. AAPL stands apart from the rest of the crowd and it is demonstrably a better % performer. Only too easy to have picked THAT stock as a technical play, right? Even if you went with the prior trendline before the Feb breakout. If you recall that 2-year chart was a picture of consistency.
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Post by Tetrachloride on Oct 18, 2012 9:46:57 GMT -8
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Post by phoebear611 on Oct 18, 2012 9:47:08 GMT -8
Horace Dediu: "Google is a great software company dragged down by hardware. Apple is a great hardware company boosted by software"
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Post by lovemyipad on Oct 18, 2012 9:49:32 GMT -8
AAPL DAILY CHART (with my notes):
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Mav
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Post by Mav on Oct 18, 2012 9:49:37 GMT -8
Great...at getting revenue from advertising? Previously?
Dediu gives Google too much credit. Nice lot of good Google Maps is doing now, huh.
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Post by drewbear on Oct 18, 2012 9:50:19 GMT -8
Apple is rumoured to be buying Color, the biggest joke in the startup scene in years. Stand back and watch the ridicule and FUD. From an optics perspective, this will be a mess if true. Well, Color raised $41 million in venture capital, and probably never produced a dime in revenue, definitely never developed any kind of user base or success of any sort. In other words, I don't think there's any way the carcass of this company would be worth more than 10 cents on the dollar. And I would not be concerned over Apple spending $4 million on anything ;-) Color’s engineering team — about 20 people, comprising almost the entire company — is being “acqhired” by Apple at what’s being called a “nominal” price of something like $2 million to $5 million, according to multiple sources familiar with both sides of the situation. To repeat, there are no “double-digit” millions involved, according to many people familiar with the deal.
Apple is not buying Color’s technology, intellectual property, domain names or liabilities. Those are being left with the company, which still has considerable cash in the bank — something like $25 million — and is going to be wound down.
allthingsd.com/20121018/whats-really-going-on-with-color-a-small-apple-talent-acquisition/
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icam
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Post by icam on Oct 18, 2012 9:53:41 GMT -8
Cramer LAST WEEK did a show on GOOG being his top pick and AMZN being his second pick into year end based on momentum and he told everyone BUY BUY BUY! IMO, Jim Cramer is a fraud. He's a talking puppet for the pro's. I quit listening to him years ago and my portfolio is way better off for it.
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Post by Lstream on Oct 18, 2012 9:54:32 GMT -8
Well, Color raised $41 million in venture capital, and probably never produced a dime in revenue, definitely never developed any kind of user base or success of any sort. In other words, I don't think there's any way the carcass of this company would be worth more than 10 cents on the dollar. And I would not be concerned over Apple spending $4 million on anything ;-) Color’s engineering team — about 20 people, comprising almost the entire company — is being “acqhired” by Apple at what’s being called a “nominal” price of something like $2 million to $5 million, according to multiple sources familiar with both sides of the situation. To repeat, there are no “double-digit” millions involved, according to many people familiar with the deal.
Apple is not buying Color’s technology, intellectual property, domain names or liabilities. Those are being left with the company, which still has considerable cash in the bank — something like $25 million — and is going to be wound down.
allthingsd.com/20121018/whats-really-going-on-with-color-a-small-apple-talent-acquisition/ Good - I expect they picked up some serious engineering talent. Glad to hear they didn't buy the company, and all the baggage associated with it.
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