Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Feb 7, 2017 13:46:01 GMT -8
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,186
|
Post by JDSoCal on Feb 7, 2017 13:59:24 GMT -8
It is unfortunate that a lot of people left, even those I don't agree with (with the possible exception of that brash young trader guy that was a friend of LoveMyiPad). I honestly never remember who I fought with anyway. One thing is, we lost a lot of good people to that silly Braeburn. I think one cultural difference between AFB and Braeburn is, the people here know what they don't know, whereas at Braeburn they think they know what they don't know. In other words, I think while most people here are long-term bullish AAPL based on fundies, we all know it's a casino and anyone who says they think they know what AAPL is going to do in the short or medium run is a charlatan. With that said, as for recent action, I was wondering - not to jinx anything - but could we be entering one of those all-time runs of years past? I'm talking $200. Momentum can create its own sentiment, tail wagging the dog. Not a lot of open interest this week, 10 days from the monthlies call walls. Need to blow past 130 (59K 1/17 calls) and stay past it, escape velocity, then it's just daylight to the end zone, assuming no bad news or Goldman Sachs misdirection. Not a prediction. It's just that I haven't had that feeling about AAPL for so long, it's nice to contemplate it... Here's a thought for the share counters: OK, we know the all-time high stock price ($134.54?). But what is the all-time high market cap? My StockPro app says AAPL's market cap is currently $696B. Wikipedia says the ATH is $775. So we are below when CNLSD was crying about a trillion dollar market cap (I haven't watched CNBC in like 2 years, but someone on CNBC actually mentioned "trillion dollar market cap" today, I just happened to see streamed on Yahoo Finance). So maybe one thing that all this share buyback has done (besides pad EPS) is kick that stupid "OMG market cap!" FUD down the road. This is one reason I pull for GOOG to have the top market cap, so the talking heads can't use it for AAPL FUD. Correct me if I'm wrong, but if/when AAPL hits 142.85/1000, our market cap would be around $749, well less than the $775 ATH. And a trillion dollar market cap would be ~$190. Come on ATH!
|
|
|
Post by rickag on Feb 7, 2017 14:21:44 GMT -8
I hope the elephants on the trading floor, repatriation & tax reform, become blue whales.
|
|
|
Post by rickag on Feb 7, 2017 14:26:00 GMT -8
Oh and by the way AAPL dropped off the Selling on Strength list. Even this trailing indicator provides some information.
|
|
|
Post by mace on Feb 7, 2017 15:50:54 GMT -8
Guys. It pains me to do this given my love of apple but I just entered a short position. Bought April 130 puts. Apple is really oversold and I expect a minor pullback. This is just a trade and will get back to the long side on a bigger pullback. Hey, there is no down vote in this forum Are you with Bullish Cross? BTO a small amount of put(Mar 17 $120)... just for a kick to practice trading put.
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
|
Post by chinacat on Feb 7, 2017 16:34:29 GMT -8
On a totally emotional level I would love this. It feels like both companies are filled with talented people trying to make products as perfect as possible, with support from their management. Not clear how to balance possible exclusivity on Apple TV for major releases with theater releases, but the legacy material, especially for children, could certainly be a steady cash cow. If anyone has a better handle on Disney finances, I would like to hear your opinion.
|
|
|
Post by tuffett on Feb 7, 2017 16:40:07 GMT -8
Looks like Andy Zaky also took a short position in AAPL People still follow this guy? He also stated quite emphatically that iPhone 7 will outsell iPhone 6 every single quarter. He may be right on this one as the stock is clearly overbought, but his fundamental analysis on AAPL is really weak.
|
|
Since84
Moderator
To infinity and beyond!
Posts: 3,933
|
Post by Since84 on Feb 7, 2017 17:38:22 GMT -8
|
|
artman1033
Global Moderator
Posts: 4,233
Member is Online
|
Post by artman1033 on Feb 7, 2017 18:08:44 GMT -8
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
|
Post by chinacat on Feb 7, 2017 18:14:05 GMT -8
|
|
|
Post by sponge on Feb 7, 2017 18:15:34 GMT -8
My simple TA says we will see 138-140 before we correct. Don't see that until March however. RSI is high and yes we are overbought. But the 111 million shares traded last week indicates serious momentum before we give in to TA.
I am now in shares for the first time in 9 months. Will switch to cash after we hit my targets. Will wait until April and buy those May puts then.
Forum is hit and miss. Most my Apple news comes from about 7 sites I frequent every morning.
Been here since 2003 when DawnTrader ran the original forum. Did not own shares until 2005. 12 years later Apple is still the best investment in the world.
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,186
|
Post by JDSoCal on Feb 7, 2017 18:21:10 GMT -8
DIS would be the perfect acquisition with all that repatriated cash, so long as that dog ESPN (& maybe all of cable) were spun off. ESPN is such a biz model mismatch; animation prints money with unique content, whereas ESPN and its shrinking audience hemorrhages cash for licensing. As Chinacat said, the rugrats like to rewatch Disney and Pixar stuff, and Apple TV would finally have a clear differentiator. And one has to wonder what Apple could do with theme parks and resorts. Of course all would have Apple Stores, but what about integrating the iOS experience into them? Good article on what an albatross ESPN is: www.thewrap.com/disney-q1-revenue-weighed-espn-struggles/
|
|
ono
Member
compensation
Posts: 540
|
Post by ono on Feb 7, 2017 18:53:00 GMT -8
Action in this space is encouraging! Thx.
|
|
|
Post by osx10 on Feb 7, 2017 20:33:47 GMT -8
Out at the moment, had to lock in gains just before earnings as I have been unemployed for quite some time and couldn't risk losing big gains on weak guidance. A tad painful to watch post-earnings run, but I think we'll get a Trump tweet or other pullback to 125-127 range at some point, agree?
by the way- Thanks a bunch, Since 84 - you start my day, everyday!
|
|
|
Post by mace on Feb 7, 2017 20:40:46 GMT -8
My simple TA says we will see 138-140 before we correct. Don't see that until March however. RSI is high and yes we are overbought. But the 111 million shares traded last week indicates serious momentum before we give in to TA... So to $138-$140 before $121-$125 or the other way?
|
|