Mav
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Post by Mav on Dec 12, 2012 12:20:02 GMT -8
Apple doesn't operate on the shareholders' schedule.
But don't think Apple doesn't care at all. I think Apple's demonstrated that this year. Just a hunch but I think we'll be hearing about a new buyback program, share split or both next year.
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Mav
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Post by Mav on Dec 12, 2012 12:27:40 GMT -8
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Post by darrenhd on Dec 12, 2012 12:29:51 GMT -8
Neutral/slight-bearish on the my PSI (Personal Sentiment Indicator™). Still doing nothing trading-wise. Basic trendline theory as I might misunderstand it tells me anything over 525ish as of today is actually still OK - higher lows and all that, since AAPL has lost 530 in the past week or two without dire consequences (suggesting support beneath that level). Of course I'd prefer AAPL to finish over 540. I don't know, looks really weak today. Meh. Actually it's been really crap overall since the plunge from 700.
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Post by tuffett on Dec 12, 2012 12:46:57 GMT -8
macdailynews.com/2012/12/12/googles-eric-schmidt-android-clearly-winning-war-against-apple/Schmidt says Google is winning the war against Apple, pretty funny stuff. He says Android activations are about 1.3 million per day. By my estimation, iOS activations will be about 900,000 to 1 million activations per day this quarter. Looks like Android market share is going to drop significantly. Oh, and that's with 40% margins on every iOS device activation. Just a minor thing...
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Post by terps530 on Dec 12, 2012 12:47:07 GMT -8
nice comments on cnbc. Just said the H&S failed and you want to be a buyer here. Next big stops 600, 640, then 700. i'll take it also, just put together this chart stacking AAPL (in color) with the DOW today from 10am on. I wouldn't get too worked up if key targets failed in the TA, because it's everyone moving together, all driven by the macro stuff. Unless of course Apple's TA levels are driving the entire market!
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Mav
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Post by Mav on Dec 12, 2012 12:59:35 GMT -8
WHAT H&S, I ask (again)?
Right shoulder was the Michael Jackson Thriller zombie shuffle shoulder no one finds funny. It didn't fit anyway.
AAPL should close OK-ish in light of the recent downtrend from 594.
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Mav
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Post by Mav on Dec 12, 2012 13:00:27 GMT -8
burgess, "peer group" is more Nas, and "broader market" is more SPX, just FYI. Dow is just the 30.
539 on the dot. Higher low at least.
Double bottom remains in play.
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Post by appledoc on Dec 12, 2012 13:09:39 GMT -8
Still waiting on 555.20. Or the final dip...
I'm traveling again tomorrow and Friday. So I'm sure we will get resolution on one of those two days. The market loves to spite me. I'm never available for the great trading moments.
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Mav
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Post by Mav on Dec 12, 2012 13:24:32 GMT -8
Yup, market as a whole is waiting around, with some exceptions (NFLX, WYNN, etc.) Fiscal cliff "resolution" (or can-kicking) will probably determine the short-term course of the market. Give it, I dunno, 2 weeks max for the first significant indicator, even that means "we'll get to work on this next year".
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Post by rickag on Dec 12, 2012 13:27:45 GMT -8
It appears the iPhone 5 is in great supply. $50 off, LIMIT 5The other day I said I was concerned of this deal being due to lack of demand. But people pointed out that it was only Best Buy to generate traffic. However, it seems a lot of vendors are offering this exact deal. Is it, again, a way to lure people into their stores permitted by ample supply, or a desperate move due to overstock? EDIT: I guess it doesn't matter since Apple managed to have BOTH carriers and retailers paying their full price? It depends on if they are selling quickly or not. I don't know whether production caught up or demand is down, we will have to wait until the earnings report.
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Post by wheeles on Dec 12, 2012 13:33:36 GMT -8
I think Ben would agree with you about putting an end to it. But he's been the only guy doing anything about the economy over the last 3-4 years, since Congress is dysfunctional and hasn't done a damn thing. It really amazes me about all these talking heads who say how we are going to pay the piper down the road because of all the QE, but without BB, we would have been paying it since 2008. +1 100% agree. Making the best out of crappy position. History will treat him kindly. BB has helped kick the can down the road since 2008. Of course if he hadn't kicked the can then the US would have started to take its medicine in 2008 as opposed to some time real soon. That's the definition of "kicking the can". If he wanted to stimulate growth then the Fed would be pouring money into loans for small businesses, not buying worthless crap off the big banks who should have known better. Just because Bernanke is "doing something" does not mean he's doing the right thing. As for history treating BB kindly. That remains to be seen.
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Post by aapl4kiki on Dec 12, 2012 13:55:33 GMT -8
nice comments on cnbc. Just said the H&S failed and you want to be a buyer here. Next big stops 600, 640, then 700. i'll take it also, just put together this chart stacking AAPL (in color) with the DOW today from 10am on. I wouldn't get too worked up if key targets failed in the TA, because it's everyone moving together, all driven by the macro stuff. Unless of course Apple's TA levels are driving the entire market! Doesn't this cnbc stuff usually mean do the opposite?
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Post by lovemyipad on Dec 12, 2012 14:03:26 GMT -8
$539.00 on the nose... Hmmm... What an interesting coincidence...
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Post by CdnPhoto on Dec 12, 2012 14:16:01 GMT -8
$539.00 on the nose... Hmmm... What an interesting coincidence... And a high for $548.00 too
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Post by lance on Dec 12, 2012 15:14:06 GMT -8
Low volume on a down day 17M +. I love it!! Great sign.
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Post by phoebear611 on Dec 12, 2012 15:17:37 GMT -8
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JDSoCal
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Post by JDSoCal on Dec 12, 2012 15:22:43 GMT -8
Yeah, good luck with that. </sarcasm> EDIT: I'd really like to know how monetising MBS and Treasuries creates jobs anywhere but Wall Street. Theory is Fed Policy pushes interest rates down and thus mortgage rates down thus housing more affordable then house prices bottoms then banks starts to lend out the cash it is hoarding then companies spend and employee people etc... Of course that is the exact opposite of what happened in the early 2000's, and makes no sense whatsoever. Low rates (and preposterously low lending standards) are what helped pump up the housing bubble in the first place. When government policy is to make something "affordable," it almost always has the opposite effect. See also, college tuition.
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Post by artman1033 on Dec 12, 2012 15:40:32 GMT -8
Roger has three or four "one liners" that could be signatures of members here... BLOOMBERG
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Post by phoebear611 on Dec 12, 2012 15:41:52 GMT -8
Roger has three or four "one liners" that could be signatures of members here... BLOOMBERGYes - definitely worth the watch!
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JDSoCal
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Post by JDSoCal on Dec 12, 2012 15:43:22 GMT -8
Growth - we need growth - that's how we get out of this. We can actually GET growth if we can get certainty and tax reform....then unemployment will go down and the Fed can put an end to the insane world we live in. Uncertainty is bad, but we need tax certainty for more than just a year. Businesses don't expand and hire based on a 12-month window. Same with investors. The real problem is, our entire economy is a Ponzi scheme. We have morphed from a production and saving and investing country to a borrow, spend and consume one. 70% of our "GDP" is consumption based, largely on borrowed money. We keep hearing how we need more demand, buy buy buy! Might as well call it Gross Domestic Consumption, since we produce little anymore than debt (does diabetes count?) I think Ben would agree with you about putting an end to it. But he's been the only guy doing anything about the economy over the last 3-4 years, since Congress is dysfunctional and hasn't done a damn thing. What Ben has been doing is the same mistakes his predecessor made, propping up housing prices (not to mention energy and food prices) and killing savers with low interest rates. Sometimes doing nothing is better than doing bad. BB has helped kick the can down the road since 2008. Of course if he hadn't kicked the can then the US would have started to take its medicine in 2008 as opposed to some time real soon. That's the definition of "kicking the can". +100. Exactly. There is this exasperating notion - in the US and in the EU - that immediate effects are all that matter. Nobody wants to eat their spinach, just give me candy now! The politicians realize this and don't want to be voted out, so they play along, making being a statesman hard (rather than blame politicians, I blame the people for getting the politicians they deserve). Like a drunk shaking from trying to sober up, nobody wants to go through a few quarters of pain for long term solvency. We now live in an immediate gratifications society (compare: how long people stuck with FDR as he stumbled around in the dark). Stop the shaking, and hand that guy a drink! We'll sober up tomorrow!
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Post by lovemyipad on Dec 12, 2012 15:44:02 GMT -8
Haha, I gave it a shot, lovemyipad. It's 15% up thus far EDIT: sold it for 9% up. Can't handle day trades. There you go! Better than most mutual funds do in a year! Good job! ;D
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Post by lovemyipad on Dec 12, 2012 15:48:42 GMT -8
My buddy is at Columbia grad school for an MBA. He was telling me earlier that last night his accounting professor went off on a rampage about Apple, saying the company is doing a disservice to stockholders by hoarding cash. He then had to say this was just an educational example, I guess since he got pretty riled up against Apple stock performance as of late. edit: the rise/drop in apple since lunchtime is all due to the Fed/Bernanke. the chart is a replica of the DOW/SPY/Nasdaq. Volume is pretty low though, whatever that means. I would rather Apple hoarded the cash versus the market pissing it away. RE: rise/drop... Fed days = whipsaws.
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Mav
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Post by Mav on Dec 12, 2012 15:49:03 GMT -8
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Mav
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Post by Mav on Dec 12, 2012 15:50:22 GMT -8
This is nothing compared to Monday. Maybe I'm not jaded enough, but even occasional $1 ticks seem awfully whipsawish to me, even for a $500+ stock. (Of course, that also helps explain the huge spike in IV until yesterday.)
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JDSoCal
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Post by JDSoCal on Dec 12, 2012 16:09:26 GMT -8
I would rather Apple hoarded the cash versus the market pissing it away. How about they give it to me in a special dividend, and I promise to hoard it and not piss it away?
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Post by Red Shirted Ensign on Dec 12, 2012 16:38:46 GMT -8
I would rather Apple hoarded the cash versus the market pissing it away. How about they give it to me in a special dividend, and I promise to hoard it and not piss it away? The 2013 Vettes are out....but since that is an American car, you wouldn't be pissing it away...you would be investing in America. Make it so...
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JDSoCal
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Post by JDSoCal on Dec 12, 2012 17:14:33 GMT -8
How about they give it to me in a special dividend, and I promise to hoard it and not piss it away? The 2013 Vettes are out....but since that is an American car, you wouldn't be pissing it away...you would be investing in America. Make it so... Not to start a political war, but support of UAW shops is bad for America. But I held my nose because I wanted a Vette, not a Nissan GT-R. And the C7 Vette will be revealed on 1/18/13. I just hope those GM bozos didn't give it square taillights. In other news, speaking of Bozos, quote of the day, Amazon Is a Great Company Because It Has the Most Generous Shareholders in the World
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Post by wheeles on Dec 12, 2012 17:15:57 GMT -8
The 2013 Vettes are out....but since that is an American car, you wouldn't be pissing it away...you would be investing in America. Uh-oh. Car talk. Quick sell everything!
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Post by wheeles on Dec 12, 2012 17:18:10 GMT -8
The Fed committed to another trillion in QE today, and in return we got a rally of 8 points on the S&P for about an hour. Ever get the feeling that QE no longer has the effect on the market it used to?
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Post by artman1033 on Dec 12, 2012 17:20:34 GMT -8
ERIC SCHMIDT comes across as a little arrogant here: The company avoided about $2 billion in worldwide income taxes in 2011 by shifting $9.8 billion in revenue into a Bermuda shell company, almost double the total from three years before, filings show. Governments in France, the U.K., Italy and Australia are probing Google’s tax avoidance as they seek to boost revenue. Schmidt said the company’s efforts around taxes are legal. “We pay lots of taxes; we pay them in the legally prescribed ways,” he said. “I am very proud of the structure that we set up. We did it based on the incentives that the governments offered us to operate.” The company isn’t about to turn down big savings in taxes, he said. “It’s called capitalism,” he said. “We are proudly capitalistic. I’m not confused about this.”
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