Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Nov 28, 2018 3:18:00 GMT -8
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Post by appledoc on Nov 28, 2018 4:37:12 GMT -8
Welcome back!
Looking good pre-market. I'm looking 190-195 on a correction here. That should set up for a test of the SMA200, which will be a nice indicator for which way we're going next.
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Post by dreamRaj on Nov 28, 2018 7:17:22 GMT -8
Encouraging action. Will be glad if we close above 175 today.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Nov 28, 2018 7:32:43 GMT -8
Ironic that after all these years Apple and Microsoft are going head to head for world's largest company. Of course the author had to go overboard and exclaim "I used to think of Apple when someone mentioned innovation but the problem is they've forgotten how to innovate." Yup, all those Android phone makers put functionless "notches" on their phones because Face ID was just the same old, same old. And AirPods were just them catching up to all of the other wireless earbuds pioneered by other companies. Oh well, haters are going to hate. Best wishes to all of you who have dry powder to exploit this unexpected opportunity.
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Post by gtrplyr on Nov 28, 2018 7:51:39 GMT -8
Apologies to those who aren't CNBC or Cramer fans but he's absolutely right on target with this observation: www.cnbc.com/video/2018/11/28/cramer-makes-the-case-for-the-apple-bull.htmlI've been saying this for many years as WS questions Apple's "growth" ... AAPL isn't valued as a "growth" stock so why expect it? Apple's PE has been too low since I've owned the stock (around 2003) .... it's still way too low for a company that is as dominant as it is. In response to David Faber's arguments: I also agree with David that Apple should be buying more companies .... they COULD have bought: Netflix, YouTube, Waze and I"m sure there are many others ... years later I think the Beats purchase is still not adding any value. I want Apple to be in the next revolution .... EV and self driving .... they won't be able to to it without a major acquisition .... TESLA is the perfect companion. Tesla needs money and manufacturing advice ... Apple has tons of both and needs a new innovative product and a way to get into that space with content. Cheers to the longs.
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Post by appledoc on Nov 28, 2018 10:41:47 GMT -8
Big time move. Red dog reversal Monday, held Tuesday, now this. Very good short term momentum.
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Post by macster on Nov 28, 2018 11:18:22 GMT -8
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Post by dreamRaj on Nov 28, 2018 13:02:51 GMT -8
WHEEEEE!! ??
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Nov 28, 2018 13:12:16 GMT -8
That's a nice start!
But with so much worry hinging on tariff talks, even if I see it as likely just a threat since there's no real gain, I still don't plan to count chickens too early.
Still, it's good to move in the right direction for a change, and even beat the market. Woo Woo!
(and with one day's movement, the RSI changed from 29.50 to 37.46. Two more good days and it will be back at 50 along with hitting or passing the 20 and 200 day moving averages)
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Nov 28, 2018 13:47:23 GMT -8
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Post by nwjade on Nov 28, 2018 13:56:18 GMT -8
In response to David Faber's arguments: I also agree with David that Apple should be buying more companies .... they COULD have bought: Netflix, YouTube, Waze and I"m sure there are many others ... years later I think the Beats purchase is still not adding any value. I want Apple to be in the next revolution .... EV and self driving .... they won't be able to to it without a major acquisition .... TESLA is the perfect companion. Tesla needs money and manufacturing advice ... Apple has tons of both and needs a new innovative product and a way to get into that space with content. I agree that Apple's balance sheet would allow them to make larger type acguisitions and have long wondered why they haven't pulled the trigger? Are they too busy running their business to find and integrate a large acquisition and just want to stick solely with organic growth, too conservative, too whatever you fill in the blank? This wouldn't be the time to do anything after all that's transpired over the last month. I think after the first of the year if trade talks can get on a positive track and 1st Qtr earnings come in fine, a large strategic acquisition which is accretive to earnings would be a huge positive for the company. I don't know if Tesla makes sense, maybe it does, maybe it doesn't. Something much larger than a Beats perhaps midway between a Beats and a Tesla that's a good fit and adds to EPS would be a well received shift imo. I don't know if there's a company out there that fits that description, perhaps Apple feels there isn't.
Anyway, speaking of shifts. Nice change in market sentiment after Powell's speech today and that Apple participated as well as it did. If we get positive news out of the meeting in Argentina over the weekend we could be sitting on the north side of the 200 dma with it acting as support.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Nov 28, 2018 13:57:23 GMT -8
Does any body know what they are crediting today's great AAPL stock price increase to?
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Post by appledoc on Nov 28, 2018 14:12:27 GMT -8
Does any body know what they are crediting today's great AAPL stock price increase to? Who is they? This started Monday with strong Black Friday weekend sales. Momentum carried over, and then Powell’s comments blew the roof off. I would look for this short term positive momentum to continue.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Nov 28, 2018 14:16:31 GMT -8
Does any body know what they are crediting today's great AAPL stock price increase to? Who is they? This started Monday with strong Black Friday weekend sales. Momentum carried over, and then Powell’s comments blew the roof off. I would look for this short term positive momentum to continue. Great question. "They", are the media propaganda machine.
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Post by macster on Nov 28, 2018 15:51:10 GMT -8
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Post by incorrigible on Nov 28, 2018 16:02:11 GMT -8
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Post by rmhe1999 on Nov 28, 2018 16:58:53 GMT -8
“Wait what?!? The XR is the best selling iPhone? Well that’s the cheapest model with the lowest margins. Customers must think the Xs and Xs Max are too expensive! Gross margins are doooooomed!!!” Exact quote from tomorrow’s WSJ article.
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mark
fire starter
Posts: 1,545
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Post by mark on Nov 28, 2018 18:53:34 GMT -8
“Wait what?!? The XR is the best selling iPhone? Well that’s the cheapest model with the lowest margins. Customers must think the Xs and Xs Max are too expensive! Gross margins are doooooomed!!!” Exact quote from tomorrow’s WSJ article. Considering that they aren't reporting individual product line numbers anymore, I also think they shouldn't make comments like these anymore. It doesn't add anything useful at this point.What counts is the overall revenue and margin across the product lines.
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Post by appledoc on Nov 28, 2018 19:12:54 GMT -8
“Wait what?!? The XR is the best selling iPhone? Well that’s the cheapest model with the lowest margins. Customers must think the Xs and Xs Max are too expensive! Gross margins are doooooomed!!!” Exact quote from tomorrow’s WSJ article. I actually just read something similar. Basically said that because no numbers are provided, it’s impossible to know if it’s selling well or just selling better than the other iPhones which may be selling poorly.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Nov 28, 2018 20:48:14 GMT -8
The fanatics (and I say that meaning no disrespect) who stand in line for the Fall release MUST get their hands on a new phone. So let them scoop up the more expensive models (they surely won't be satisfied with a 7 or 8). Then, when the slightly less motivated and perhaps less well funded customers arrive, have the XR ready to go, with a full complement of models available for holiday shopping. Perhaps I am over-thinking this, but...
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Dec 2, 2018 14:55:17 GMT -8
>> Ironic that after all these years Apple and Microsoft are going head to head for world's largest company.
In a way, but on the other hand Apple, MS, and Red Hat (just bought by IBM, probably as a desperation measure) are the three major branded OS vendors so in a way it's not. Maybe someday they won't, maybe someday the OS truly won't matter, but owning one–or having the best implementation of one if not–still matters.
I think predicting stock prices are pure folly, but I do rate narratives as to strength and place my bets, as does everyone. MS is a great and storied American company and I wish them the best. But my own view is that they're in a honeymoon period of a "cloud" and "enterprise" narrative that is supporting a high P/E that they aren't sure to grow into. We'll see. The conventional wisdom is that "enterprise" sales tend to be growing and stable, whereas consumers are fickle and susceptible to sudden decline. Something like that it seems. I think this is backwards. Consumers, for all their herd behavior, do display a loyalty unknown in business to companies aware of the value of their brand and willing and able to shepherd it coherently. At least people have completely forgotten that MS has utterly failed with consumers for reasons that perhaps should give investors pause. But in the glow of the cloud and "enterprise" that is seen as a bonus. We'll see.
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