Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 8, 2017 2:16:31 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 8, 2017 3:55:57 GMT -8
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Ted
fire starter
Posts: 882
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Post by Ted on Aug 8, 2017 6:29:52 GMT -8
160+ so far today! Where will this super cycle take us? "We may be going to hell in a bucket, but at least we're enjoying the ride," right Chincat?
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Post by appledoc on Aug 8, 2017 6:44:19 GMT -8
Always hard to say where this will go when you're reaching new highs, but this is certainly a strong move.
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Post by gtrplyr on Aug 8, 2017 7:11:54 GMT -8
Nice to see all the talk regarding Apple's services revenue, not only does that add to the bottom line it also positions Apple as a something other than just a hardware company and hopefully the PE will be more in line with that group of stocks ... if so we have a LONG way to go! This stock is still cheap by many metrics .....
I'm in the camp that says we see a pullback after iPhone 8 is released and demand is so great that Apple won't be able to make enough .... Surprise surprise ?? BUT I'm not smart enough to time anything so I'll just sit on our long shares and know that after the selloff we will recover. It would be so nice to be wrong and watch the market take this stock higher as it becomes obvious how popular the iPhone 8 will be but I've held too long and watched too many cycles to think that will actually happen.
Cheers and congrats to all the longs!!!!!!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,432
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Post by chinacat on Aug 8, 2017 7:15:01 GMT -8
This article is yet another one to claim to have a true image of the upcoming iPhone, but what amused me was the video lower down on the page of someone testing out an original. A lot has happened in ten years.
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4aapl
Moderator
Posts: 3,655
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Post by 4aapl on Aug 8, 2017 8:26:54 GMT -8
I'm in the camp that says we see a pullback after iPhone 8 is released and demand is so great that Apple won't be able to make enough .... Surprise surprise ?? BUT I'm not smart enough to time anything so I'll just sit on our long shares and know that after the selloff we will recover. It would be so nice to be wrong and watch the market take this stock higher as it becomes obvious how popular the iPhone 8 will be but I've held too long and watched too many cycles to think that will actually happen. Wow! I don't know that I would have typed it any other way. Likewise, this Goldilocks piece pretty much sums up my thoughts on the overall market, though I'd specifically expect occasional pullbacks to keep things just right. finance.yahoo.com/news/goldilocks-economy-keep-bull-market-going-144544686.html
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benoir
fire starter
*
Posts: 1,319
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Post by benoir on Aug 8, 2017 9:33:38 GMT -8
Nice to see all the talk regarding Apple's services revenue, not only does that add to the bottom line it also positions Apple as a something other than just a hardware company and hopefully the PE will be more in line with that group of stocks ... if so we have a LONG way to go! This stock is still cheap by many metrics ..... Cheers and congrats to all the longs!!!!!! Whilst I have have the same deliciously distracting thoughts about what Apple's share price would be if it had the same P/E as, say AMZN circa 250 or GOOG, circa 34, I think it is best for APPL to have a rational P/E. If Apple's R and D spend is productive and yields marketable innovation then I would be comfortable with a P/E of no more than 24. Apple delivered the original iPhone on a fraction of the current R and D spend...I hope something's cooking.... At some point Amazon will have to deliver material profit and if it doesn't where should it sit? Whilst I sometimes get frustrated that I didn't invest in GOOG or AMZN, because I missed the boat, APPL has consistently defied the naysayers and the ridiculous 'law of large numbers'. What happens to GOOG if Facebook keeps attracting more and more share of advertising revenue, or if Samsung makes android irrelavant? You could see GOOG halve overnight. So, hopefully in the 'long run' we will be very happy with a sensible P/E. (except for when I bail, in years to come... then it can go nuts!...) Wheeee!
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Post by artman1033 on Aug 8, 2017 10:15:49 GMT -8
$161.83All Time Highest TODAY intraday! $160.08All Time Highest Close! AAPL ALL TIME HIGH! $161.83 INTRADAY today! 36,066,959 shares traded today AAPL CLOSES AT ALL TIME HIGH CLOSE aaplinvestors.net/stats/rank/AAPL market CAP. 825.96 BILLION AAPL ALL TIME HIGH market CAP. 832.48 BILLION .
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4aapl
Moderator
Posts: 3,655
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Post by 4aapl on Aug 8, 2017 10:40:19 GMT -8
Whilst I sometimes get frustrated that I didn't invest in GOOG or AMZN, because I missed the boat, APPL has consistently defied the naysayers and the ridiculous 'law of large numbers'. Apple and AAPL have taken a huge hit due to the "law of large numbers". It just hasn't been absolute, instead brining AAPL's P/E from 50 a decade ago, to below 20 for nearly 7 years now. BigCharts shows the P/E over time. I also compared it to GOOGL and AMZN, though "all data" only goes back to '02. bigcharts.marketwatch.com/advchart/frames/frames.asp?show=True&insttype=Stock&symb=aapl&x=0&y=0&time=20&startdate=1%2F15%2F2008&enddate=5%2F18%2F2012&freq=2&compidx=aaaaa%3A0&comptemptext=googl%2C+amzn&comp=googl%2C+amzn&ma=0&maval=9&uf=0&lf=8388608&lf2=0&lf3=0&type=128&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=12I used to get a little bugged by worrying about missing Google too, especially since my sis had friends who joined the company early on. Just to ease your thoughts a little, in nearly every timeframe AAPL has matched or beat GOOGL. Over the long range AAPL has also beat AMZN, but it looks like Amazon has been on a tear the past few years, and has handily beat AAPL's ascent in the past few years. Even over a decade, AMZN is +1200% to AAPL's +800%. [•••ugh, I really hate it when I screw up math. Corrected annualized returns are below, which are still awesome on a long term basis] OTOH, that +800% works out to a 23.6% annualized return for ten years in a row! Or use their full data set since 2002, calling it 16 years, and calling it only 9500% gain. That annualizes to a 32.9% gain, for 16 years in a row! Or the first trading day of January '98, at a low of .56 ($16). Call it 19.6 years ago. 28750% gain, with an annualized rate of 33.4%. It's interesting to see that buying in the middle of '02 gave nearly the same annualized returns. And a quick check gives values in May-Aug 2004 a 40% annualized return, even after more than doubling off the bottom. To think of all the people that thought they had missed the boat... Thanks AAPL (if you want some debbie downer figures, look at the past 5 years for AAPL, which "only" matched the S&P 500, at roughly an 80% gain. That's a 12.4% annualized rate, and it sure hasn't been smooth. Net positive, and above long time market averages. But IMO nothing to brag about, and trailing the NASDAQ's gain of 110%)
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Post by PikesPique on Aug 8, 2017 11:43:29 GMT -8
Looks like some profit taking here towards the end of the day. Maybe they need the money to buy new cars. :-)
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Post by rob_london on Aug 8, 2017 11:54:30 GMT -8
Looks like some profit taking here towards the end of the day. Maybe they need the money to buy new cars. :-) The whole market is down after Trump's 'fire and fury' comment about North Korea.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Aug 8, 2017 12:42:04 GMT -8
Looks like some profit taking here towards the end of the day. Maybe they need the money to buy new cars. :-) The whole market is down after Trump's 'fire and fury' comment about North Korea. Fortunately, we've had the fastest Potus first 200-day market rally ever, so we have some cushion. Nice to see ATH's coming regularly.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Aug 8, 2017 12:51:26 GMT -8
I liked $161.83 better, but I'll take $160.08. At least Apple is over $160.
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Post by zzmac on Aug 8, 2017 12:53:12 GMT -8
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Post by BillH on Aug 8, 2017 16:50:30 GMT -8
So many false premises from my point of view. Watched one of his presentations a few years ago that I remember being less myopic. I'll need to track that down and rewatch it. Don't really know why he bothered including Apple in the group and then promptly ignored them throughout. Could it be that they break all his current thinking re: profitably and access to capital?
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Post by sponge on Aug 8, 2017 18:10:06 GMT -8
So many false premises from my point of view. Watched one of his presentations a few years ago that I remember being less myopic. I'll need to track that down and rewatch it. Don't really know why he bothered including Apple in the group and then promptly ignored them throughout. Could it be that they break all his current thinking re: profitably and access to capital? Interesting video. Not sure I buy his arguments simply because they are growing and spending money. Valuation and profits can change overnight. I think AR/VR combined with self driving, will disrupt retail and the logistical industry in ways that impacts the Amazon of today tremendously in about 10 years. Apple is best positioned to be the leader that will do just that. They don't need to build wear-houses, cars, or branded consumer foods and staples or spend billions on content creation.
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Post by artman1033 on Aug 9, 2017 8:28:27 GMT -8
This fella is ALWAYS sure of his beliefs. IMHO: AWS is the bell weather for AMZN. Amazon NEEDS the price of AMZN to keep increasing to pay their employees their promised BONUS. The competition from IBM,ORACLE,MSFT is increasing. ONCE NETFLIX understands Amazon is their competitor, THEY will switch to someone else. I think the AWS contribution declined % wise last quarter. AMZN does not have MONEY to invest in AWS. AWS is their cash cow. I believe AMZN has seen their all time high. Time will tell. I have been wrong for 8 years on AMZN.
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