Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Nov 6, 2018 3:10:10 GMT -8
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Post by artman1033 on Nov 6, 2018 4:17:17 GMT -8
in the words of Al Capone in 1928: Vote early and vote often!
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Nov 6, 2018 6:51:43 GMT -8
... and AAPL is off to the races.
Was that bottom or is this a dead cat bounce?
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Nov 6, 2018 7:16:00 GMT -8
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4aapl
Moderator
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Post by 4aapl on Nov 6, 2018 8:24:51 GMT -8
Over the years I've liked to look at the trailing P/E range for likely guidance towards the current quarter. While AAPL has seemed to always have a P/E discount to its peers (which I have attributed to a lot of reasons, though one simple one is the Mac vs PC sentiment many still have, whereas you don't really have a big group of people that dislike or even say they hate Netflix, Amazon, or Google), and it's P/E range has changed over time, it is often roughly similar to recent quarters. It's not necessarily a ceiling or a safety net if things go very bad for the company or the whole market, but it is a likely range.
Lately the range has been 16-20, though this last quarter it topped out a little higher, at a P/E of 21.1 (233.47/11.04)
The 198.17 put in yesterday was at a P/E of 16.7 (198.17/11.87). 16 is down at $190, and 15 at $178, though without a lot more negativity I doubt AAPL would get that low.
If AAPL pulls out of this (likely) and sees some positiveness through the xmas season, it could see the high end of the range. At 20 that would be $237.
A P/E of 21, which IMO won't be seen unless it's just before earnings and people think things went great, would be $249.
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4aapl
Moderator
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Post by 4aapl on Nov 6, 2018 8:48:01 GMT -8
Tesla, Facebook and 3 others are the most undemocratic stocks on Wall StreetThis was all about voting power of the shares. Tesla was the best of the bunch, with the main negative being that Elon holds 20% of the company. But if I remember right, Steve held on to just over 50% of Pixar. The other 4 though, with no voting rights or varying voting rights, are a bit more onerous. It's like the poison pill clause to prevent a hostile takeover that many companies added (I think Apple added this too, years ago), but on all things that ever get voted on.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Nov 6, 2018 11:56:22 GMT -8
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ono
Member
compensation
Posts: 537
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Post by ono on Nov 6, 2018 16:15:37 GMT -8
Qualcomm must license its chip tech to competitors, judge rules Judge Lucy Koh on Tuesday granted the US Federal Trade Commission's motion in its suit against Qualcomm. www.cnet.com/news/qualcomm-must-license-its-chip-tech-to-competitors-like-intel-judge-rules/District Court Judge Lucy Koh granted the US Federal Trade Commission's motion for partial summary judgment in its suit against Qualcomm. It had sought a ruling that declared "two industry agreements obligate Qualcomm to license its essential patents to competing modem chip suppliers." Koh agreed with the motion and on Tuesday said Qualcomm has to give rivals like Intel access to its technology. "Undisputed evidence in Qualcomm's own documents demonstrates that a modem chip is a core component of the cellular handset, which only underscores how a [standard essential patent] license to supply modem chips is for the purpose of practicing or implementing cellular standards and why Qualcomm cannot discriminate against modem chip suppliers," Koh wrote.
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