Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 2, 2018 3:58:42 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 2, 2018 3:59:58 GMT -8
Apple Annual Meeting
Not sure how many were able to get tickets but a group of us are planning to meet after the Apple Annual Meeting. If you are interested in joining us, PM me. If you are familiar with Cupertino and the area around Apple Park please feel free to suggest a restaurant.
For those who want to attend but do not have tickets, Apple has stated that only ticket holders will be allowed in. There has been no indication that any 'overflow' venue will be setup. I have a hard time envisioning Apple turning shareholders away. I certainly hope there is an overflow area as I only got 1 ticket and my better half will want to do something...
Finally, Apple has indicated that no Apple Park tours will be offered. Presumably one will be able to walk around it on the sidewalk...
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 2, 2018 4:51:41 GMT -8
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Post by michelc on Feb 2, 2018 5:30:56 GMT -8
Red. Why I am not surprised this morning
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Post by appledoc on Feb 2, 2018 5:35:46 GMT -8
Red. Why I am not surprised this morning Well, it’s beating the market right now. We’re ripe for some correction, and that’s the way the broad market is trading.
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Post by carbonate24 on Feb 2, 2018 5:40:14 GMT -8
Just a note about that article, one of those downgrades came from seemingly always negative Andy Hargreaves (formerly of Pacific Crest). I think he changed companies just so he had another opportunity to downgrade AAPL for no good reason.
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Post by tuffett on Feb 2, 2018 6:07:57 GMT -8
What a gong show. Meanwhile AMZN hasn’t given up a dime. Not that I’m complaining...
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Post by dreamRaj on Feb 2, 2018 6:23:43 GMT -8
164.80
Speechless!!
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Post by osx10 on Feb 2, 2018 6:39:43 GMT -8
Toni The Tool's downgrade doesn't surprise me after his tone on the call yesterday - Meanwhile "Angry" Ronnie Moas (a long time AAPL hater) has taken to twitter to blast the company for not giving dividends to their labor in China. The more things change the more they stay the same. Buybacks can resume on Tuesday, so any dip will be short lived.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 2, 2018 6:46:05 GMT -8
At this point, I going to speak heresy and say I hope AAPL stays here through the dividend so we can BTFD.
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Post by dreamRaj on Feb 2, 2018 6:48:22 GMT -8
I'm surprised that investors aren't buying the stock especially after getting an indication yesterday that Apple intends to return a lot of money, quite likely to shareholders.
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Post by tuffett on Feb 2, 2018 6:55:27 GMT -8
200MA is pretty much inevitable at this point. If that breaks - look out below. This stock has never traded on common sense.
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Post by sponge on Feb 2, 2018 6:56:38 GMT -8
At this point, I going to speak heresy and say I hope AAPL stays here through the dividend so we can BTFD. If we repeat history, after we hit bottom we go sideways for 4-5 weeks. Will the bottom be 162 or 160? We could still see 10 point swings in that time frame. This stock will explode in 4 months after it becomes clear Apple had been buying it up with billions at discounted prices.
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Post by dreamRaj on Feb 2, 2018 7:02:22 GMT -8
Also, we know AAPL's fall isn't even related to the markets going south today.
Buffett must be getting ready to buy more because it's his mantra to buy when the stock is bleeding.
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4aapl
Moderator
Posts: 3,655
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Post by 4aapl on Feb 2, 2018 7:03:31 GMT -8
Trailing 12 month earnings are 9.73/share. If AAPL gets up to a P/E of 20 this quarter, that puts it at 194.6 Previously Apple's market cap would hit $1T at 192.92 (using 5,183,585,xxx diluted shares from last quarter) Now, Apple's market cap will pass $1T at 193.89 (using 5,157,787,xxx diluted shares from this quarter) So....the next time AAPL hits a P/E of 20, this quarter, next, or whenever, Apple will likely have a market cap of $1T! Now let's see it! I dunno ... if they spend the extra $100B buying back stock then it'll 'never' hit $1T! Yep, big buybacks or a quarter not going as well as last year was why I added "likely", but didn't explain. Looks like that P/E of 20 isn't happening today. Quite a reversal from last night's AH close....just like we often saw long ago. It all depends on what people choose to focus on. Give it a couple days. Let the negative nancy's have their say and their push down, and then we should see some more positive reactions. Another reversal we used to see often it seemed.
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Post by longsince98 on Feb 2, 2018 7:12:55 GMT -8
Anyone know what’s going on with PED? He hasn’t updated in a few days, which is particularly odd around earnings. Hope he’s ok.
Edit: NM - I cleared my cache and alls fine.
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Post by dreamRaj on Feb 2, 2018 7:24:21 GMT -8
Anyone know what’s going on with PED? He hasn’t updated in a few days, which is particularly odd around earnings. Hope he’s ok. He had this article up last evening. Apple’s not disastrous Q1: What the analysts are sayingHe must be working on updating it as more analyst notes pour in.
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Post by mrentropy on Feb 2, 2018 7:34:38 GMT -8
Toni The Tool's downgrade doesn't surprise me after his tone on the call yesterday - Meanwhile "Angry" Ronnie Moas (a long time AAPL hater) has taken to twitter to blast the company for not giving dividends to their labor in China. The more things change the more they stay the same. Buybacks can resume on Tuesday, so any dip will be short lived. Ronnie Moss who has been on blockchain cruise parties extolling the virtues of BitCoin and how it is going to six figures. How is able to function on a daily basis?
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Post by sponge on Feb 2, 2018 7:45:17 GMT -8
If we can close above 165 today, I would consider that a positive sign. Then the 200 won’t likely be breached.
Guidance is what killed us and lack of understanding regarding 13 and 14 week quarters.
Given the success of the iPhone X! I think the next two upgrades will be very well received. Today’s sell off is right up there with the one we had two summers ago and the one in 2013.
We won’t see Apple below 160 again until we split.
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Post by osx10 on Feb 2, 2018 8:02:03 GMT -8
PED’s site has issues - loads super slow + his paywall is blocking access most the time on Safari - try with Firefox as it works then. I want to support his efforts but the technical issues of continuously having to re-log in are an issue. Wish he was less political, but I get it.
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Post by longsince98 on Feb 2, 2018 8:06:05 GMT -8
Anyone know what’s going on with PED? He hasn’t updated in a few days, which is particularly odd around earnings. Hope he’s ok. He had this article up last evening. Apple’s not disastrous Q1: What the analysts are sayingHe must be working on updating it as more analyst notes pour in. Thanks - not sure what was up, but I cleared my cache and I see a bunch of articles.
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Post by dreamRaj on Feb 2, 2018 8:07:26 GMT -8
If we can close above 165 today, I would consider that a positive sign. Then the 200 won’t likely be breached. Guidance is what killed us and lack of understanding regarding 13 and 14 week quarters. Given the success of the iPhone X! I think the next two upgrades will be very well received. Today’s sell off is right up there with the one we had two summers ago and the one in 2013. We won’t see Apple below 160 again until we split. At this point, it doesn't seem like we'd be flying if guidance was 65b instead of 62b. We'd still be hit with whatever negativity they'd come up with. Next week, the more sensible analysts might reiterate their buy rating or even upgrade which might help us not fall under 160. From Tuesday, when Apple can buy back again, I truly hope they go for it! BIG TIME!!
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Post by sponge on Feb 2, 2018 8:07:30 GMT -8
It should be noted we hit 174 yesterday in AH. This is a mini selloff caused by two downgrades on top of the 6% correction from a week ago, combined with market wide weakness.
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Post by sponge on Feb 2, 2018 8:12:00 GMT -8
If we can close above 165 today, I would consider that a positive sign. Then the 200 won’t likely be breached. Guidance is what killed us and lack of understanding regarding 13 and 14 week quarters. Given the success of the iPhone X! I think the next two upgrades will be very well received. Today’s sell off is right up there with the one we had two summers ago and the one in 2013. We won’t see Apple below 160 again until we split. At this point, it doesn't seem like we'd be flying if guidance was 65b instead of 62b. We'd still be hit with whatever negativity they'd come up with. Next week, the more sensible analysts might reiterate their buy rating or even upgrade which might help us not fall under 160. From Tuesday, when Apple can buy back again, I truly hope they go for it! BIG TIME!! Good points. I think we can hit 172 in two weeks if Apple really starts to buy. Dividend reinvestment will help as well after the 15th. Then we correct again.
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Post by tuffett on Feb 2, 2018 8:46:45 GMT -8
If we can close above 165 today, I would consider that a positive sign. Then the 200 won’t likely be breached. Guidance is what killed us and lack of understanding regarding 13 and 14 week quarters. Given the success of the iPhone X! I think the next two upgrades will be very well received. Today’s sell off is right up there with the one we had two summers ago and the one in 2013. We won’t see Apple below 160 again until we split. At this point, it doesn't seem like we'd be flying if guidance was 65b instead of 62b. We'd still be hit with whatever negativity they'd come up with. Next week, the more sensible analysts might reiterate their buy rating or even upgrade which might help us not fall under 160. From Tuesday, when Apple can buy back again, I truly hope they go for it! BIG TIME!! There’s $34B left in the buyback authorization. That’s good for about 200 million shares, or 4% at current prices. Given their language about how they’ll handle cash in the future, and the fact that we’re in the midst of a 10% correction, I wouldn’t be surprised to see them use all of it in the next three months. Then in April they’ll announce a new massive update. A 4% buyback is about a $0.45 increase to forward EPS, which translates to about $7 in share price. I don’t the cash is really being valued right now.
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Post by tuffett on Feb 2, 2018 9:01:36 GMT -8
If all else is equal, tax savings going forward is about $6B a year. That’s close to half of their annual dividend spend. 50% raise anybody?
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Post by dreamRaj on Feb 2, 2018 9:08:48 GMT -8
Every time AAPL tries jumping over 163, there's somebody pulling it down even harder. New LODs will be seen soon.
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Post by PikesPique on Feb 2, 2018 9:10:39 GMT -8
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Post by dreamRaj on Feb 2, 2018 9:15:28 GMT -8
If all else is equal, tax savings going forward is about $6B a year. That’s close to half of their annual dividend spend. 50% raise anybody? $1 dividend would be cool
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Post by sponge on Feb 2, 2018 9:23:23 GMT -8
If all else is equal, tax savings going forward is about $6B a year. That’s close to half of their annual dividend spend. 50% raise anybody? $1 dividend would be cool Apple tends to be conservative when it comes to dividends. They did not even hint on when they were going to use the 163 billion. I do think they will raise dividend 15% instead of 9%. When it comes to buying stock, I can see them spending $40 billion this quarter given the discount.
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