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Post by rutgersguy92 on Nov 15, 2012 12:46:16 GMT -8
I was going to suggest that we had a red dog reversal at 522.62, now up $5 since then.
Let's keep our fingers crossed that this might have been it.
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Deleted
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Post by Deleted on Nov 15, 2012 12:47:43 GMT -8
I emailed Tim Cook today, requesting support for AAPL either from a split or stock repurchase. Doing something is always better than doing nothing watching the stock, including mowing the lawn. Mercel, let me play devil's advocate here. By my reading of the last of the last 10-K, the board has already signaled this. In addition to the previously announced "Accellerated Share Repurchase Program", the company "may also purchase its common stock in open market transactions." (2012 10-K page 65). If this is a correct reading of their intent, then the best interests of both Apple (the company) and their stockholders is served by simply making purchases and saying nothing about it until they are required to in the next 10-K. This may seem counter-intuitive, but any long equity holder with a strong opinion on the fundamentals and long holding period should prefer that the stock remain cheap, or even go down in value. This means that the company's efforts to repurchase will shrink share counts by a larger amount and provide more benefit to each share owner. It also allows dividend re-investment at lower basis. I believe that the company has solid fundamentals, will perform well in the future. I am long, and the last 2 months have been painful and frightening to me. (I'm down over 1.8 million from the peak). Since I have no intention of selling the majority of my shares in the next 3 years, I stand to do better in the long run by owning a larger share of future cash flows than I currently own. This goal is better served if Tim Cook takes advantage of bargains rather than preventing them. I agree with you. I don't think my post is inconsistent with yours. I wasn't suggesting an Apple announcement, except for a stock split. My reservation w/a stock split is the timing now would be perceived as a attempt to shore AAPL up.
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Post by wheeles on Nov 15, 2012 12:48:05 GMT -8
I was going to suggest that we had a red dog reversal at 522.62, now up $5 since then. Let's keep our fingers crossed that this might have been it. Just get the feeling it was a lot of people anticipating a bounce at 522. Didn't look at all like a capitulation.
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Post by seabiscuit on Nov 15, 2012 12:48:30 GMT -8
Off of the low of the day - at least for now - perhaps a good sign.
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Post by terps530 on Nov 15, 2012 12:49:26 GMT -8
funny on cnbc they are all stammering to figure out why the market just bounced. the bounce is exactly when apple broke into 522. Coincidence? I definitely don't know but it did line up with the bounce. If I was a rumorville reporter that's what i'd be going with!
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Deleted
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Post by Deleted on Nov 15, 2012 12:49:32 GMT -8
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Post by wheeles on Nov 15, 2012 12:53:42 GMT -8
That bounce just ran into the 3.45pm margin call liquidation time.
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Post by ibuyer on Nov 15, 2012 12:56:09 GMT -8
When is this madness going to stop...? It seems like there is a huge force just selling endless number of shares, detached from any logic or common sense. Just a SWAG, 950 shares O/S divided by 20m per day = ~50 trading days to turn over the whole float. So, for the just me the hell out of here's hopefully weeks not months.
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Post by rutgersguy92 on Nov 15, 2012 12:58:29 GMT -8
Well, it looks like we bounced off of 525. At least we have that going for us. How about a nice 5 point run-up in the last 2 minutes.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Nov 15, 2012 12:58:49 GMT -8
We have ONE rule on this board: no name-calling. I will delete posts that contain name-calling, and if you unnecessarily complicate my life, I will delete you. (Okay, I have only done the latter ONE time, but I CAN...!!) Did I miss something? Yeah, someone called this Mark Beauch guy a lame brain who never pays attention and we always have to repeat shit for him. Fortunately, the admin deleted it. Gawddamn this sell-off is making me cranky.
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Post by valere on Nov 15, 2012 12:59:20 GMT -8
At what point does the feared tax increase start working in our favor.? If I am long at 650 , these losses will be worth a lot more next year then this year ... especially if they are short term.
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Post by cambrose on Nov 15, 2012 13:04:07 GMT -8
Well, my 4 iPad minis ordered on Nov 3 with 2 week shipping quote just shipped. Looks like they're keeping up.
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Post by Tetrachloride on Nov 15, 2012 13:21:45 GMT -8
Well, my 4 iPad minis ordered on Nov 3 with 2 week shipping quote just shipped. Looks like they're keeping up. Best tangible tech news of the day.
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Deleted
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Post by Deleted on Nov 15, 2012 13:25:37 GMT -8
iPad minis with LTE will be in Apple retail stores TOMORROW.
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Mav
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Post by Mav on Nov 15, 2012 13:28:59 GMT -8
Nice. Too bad it's US-only, but that was the original launch plan.
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Post by Iceage on Nov 15, 2012 13:37:57 GMT -8
Well, my 4 iPad minis ordered on Nov 3 with 2 week shipping quote just shipped. Looks like they're keeping up. Demand must be down.
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Post by rosie on Nov 15, 2012 13:42:02 GMT -8
Well, my 4 iPad minis ordered on Nov 3 with 2 week shipping quote just shipped. Looks like they're keeping up. Demand must be down. At least they didn't get hijacked! And here I was thinking "back up the truck" had an entirely different meaning. and the good news? We're up 18 cents in AH.
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Deleted
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Post by Deleted on Nov 15, 2012 13:43:12 GMT -8
I e mailed Steve , if he responds I am sure to let everyone know Better let the National Enquirer know too. I saw Elvis at a 7-11 today so anything is possible....
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Post by Luckychoices on Nov 15, 2012 13:46:19 GMT -8
I emailed Tim Cook today, requesting support for AAPL either from a split or stock repurchase. Doing something is always better than doing nothing watching the stock, including mowing the lawn. I believe that the company has solid fundamentals, will perform well in the future. I am long, and the last 2 months have been painful and frightening to me. (I'm down over 1.8 million from the peak). Since I have no intention of selling the majority of my shares in the next 3 years, I stand to do better in the long run by owning a larger share of future cash flows than I currently own. This goal is better served if Tim Cook takes advantage of bargains rather than preventing them. I'm trying to calm a friend who bought AAPL after my continued encouragement and positive results(I tried to get him to buy 2,000 shares at $240 in Aug. 2010. He bought 800 at $415 and 800 at $632). He's down about 500K since $700 and the fact that I'm down $4.3M isn't giving him much solace. His last pickup of 33 shares at $542 SEEMED to be a real bargain at the time...
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Post by lovemyipad on Nov 15, 2012 13:50:31 GMT -8
IMHO, lots of margin liquidations...
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Post by spoonman on Nov 15, 2012 14:10:07 GMT -8
IMHO, lots of margin liquidations... I echo that. No one is selling b/c they want to. They have to b/c 1. they are bleeding money b/c they are on margin 2. Selling apple to take gains now to pay down losses on other investments (lost of hedge funds do this) They'll get back into apple to ride the gravy train back up.
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Post by ahmpower on Nov 15, 2012 14:11:13 GMT -8
OK, so TC talked about it several weeks ago, but my real issue is with Kass who tries to manipulate the stock market to support his own trades. He talks it down when he's short, and talks it up when he's long. Honestly, the guy needs to be in jail with a cellmate called Bubba for his blatant attempts at manipulating the market for his own personal gain. I'm very tempted to write the SEC about this, as I too am frustrated that a CNBC guest can pound the table for and against AAPL to support his trades (he was short QQQ when he released his anti-AAPL manifesto in September and being negative on CNBC thereafter). It's total B.S. and cellmate Bubba would be too good for this creep. I'm glad I'm not the only one finding this outrageous..
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Post by cambrose on Nov 15, 2012 14:16:47 GMT -8
IMHO, lots of margin liquidations... I echo that. No one is selling b/c they want to. They have to b/c 1. they are bleeding money b/c they are on margin 2. Selling apple to take gains now to pay down losses on other investments (lost of hedge funds do this) They'll get back into apple to ride the gravy train back up. Except those selling because they want to buy cheap options. I asked this before, but would the volume this represents be negligible?
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Mav
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Post by Mav on Nov 15, 2012 14:17:31 GMT -8
Better let the National Enquirer know too. I saw Elvis at a 7-11 today so anything is possible.... Today? Must've overslept by a couple weeks. Or on a little UFO shore leave.
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Ted
fire starter
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Post by Ted on Nov 15, 2012 14:33:09 GMT -8
Jeez, how many hairballs can this stock cough up?! I hope iPad's right that we're now seeing margin call selling - maybe that'll prove to be the last of the last gasps down. While AAPL is in freefall at least Apple seems (according to Huberty) to be kicking ass in the sales department - better than any other fucking company on earth. And after reading this screed: semiaccurate.com/2012/11/14/microsoft-has-failed/I'm thinking maybe MSFT really is in a death spiral, that there's blood in the water, and that with a little more effort with OS X, the Mac and marketing, Apple could grab 20 to 30% of desktop share in the next few years. Thoughts?
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Mav
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Post by Mav on Nov 15, 2012 14:38:00 GMT -8
Mac doesn't really matter, though it does.
Smartphones and tablets are where the growth is. Same with AAPL's price appreciation. No one's expecting even Apple to grow Mac by much more than 10% YOY these days, if even that. The Post-PC era is in full force.
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Deleted
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Post by Deleted on Nov 15, 2012 14:48:48 GMT -8
I believe that the company has solid fundamentals, will perform well in the future. I am long, and the last 2 months have been painful and frightening to me. (I'm down over 1.8 million from the peak). Since I have no intention of selling the majority of my shares in the next 3 years, I stand to do better in the long run by owning a larger share of future cash flows than I currently own. This goal is better served if Tim Cook takes advantage of bargains rather than preventing them. I'm trying to calm a friend who bought AAPL after my continued encouragement and positive results(I tried to get him to buy 2,000 shares at $240 in Aug. 2010. He bought 800 at $415 and 800 at $632). He's down about 500K since $700 and the fact that I'm down $4.3M isn't giving him much solace. His last pickup of 33 shares at $542 SEEMED to be a real bargain at the time... Thanks for the perspective. Hope your friend stays in.
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Post by bryanyc on Nov 15, 2012 15:01:47 GMT -8
totally weak article. quote: We believe this potentially suggests an imminent launch of the Apple TV, a positive development for ARRIS, who is directly exposed to data traffic growth from incremental IP video streams on cable networks. totally vague: no news of such a thing just that apple is still in discussions with cable providers and that they have estimated how much bandwidth they would need for the device. 100% conjecture.
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Post by zzmac on Nov 15, 2012 15:04:50 GMT -8
I'm trying to calm a friend who bought AAPL after my continued encouragement and positive results(I tried to get him to buy 2,000 shares at $240 in Aug. 2010. He bought 800 at $415 and 800 at $632). He's down about 500K since $700 and the fact that I'm down $4.3M isn't giving him much solace. His last pickup of 33 shares at $542 SEEMED to be a real bargain at the time... How is he down 500K based on 1600 shares at an average cost of $530? Either my math is off or the good news is he's down nowhere near 500K. Either way the stock will return to $700 in the near future and more and all wil be good for those that can weather this temporary storm. Thanks for the perspective. Hope your friend stays in.
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Post by phoebear611 on Nov 15, 2012 15:11:08 GMT -8
Margin calls but mostly hedge funds selling. Just the chatter out there of smaller hedge funds selling their winners taking gains on an over-owned stock. Did AAPL trade mark that new word-= "over-owned"? Unlike IBM or KO or CAT or GE.....AAPL is "over-owned." --- not applicable to any other stock that is owned by every institution, pension fund, insurance company out there....only AAPL.
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