Many are hoping that apple will buy more stock during this major correction. I think they will but it will be by a few billion not more. Given the extent of the correction, they will have all year to buy back. So no need to buy more in a two month period. I have noticed that they stick to their plan regardless of stock price.
This iPad Pro is just awesome by the way. I am very pleased with the speed and overall feel. The Face ID is very fast.
In looking at charts and option activity, it appears that we will have a nice bounce after earnings, but it will be short lived since the recovery would have started in Jan. Now it appears that 187 will be tops by middle of Feb.
Invest in Apple and give yourself an early retirement.
For what it's worth, here is a little perspective. In 2008, Apple dropped from 28 to 13. ( I have adjusted all these numbers for the splits) That was a 53% drop. In 2013 we saw a decline over several months from 100 to 63 or about 37%. In 2015, over about 6-8 months we saw a 26% decline. This drop from 233 to 150 is about 35% so far, but has happened much faster and of course, may not be over.
There is nothing, not FUD, not fundamentals, not technical that I can find to explain this. I believe it is fear and fear alone which means I should be buying with both hands. The world is not going to stop using cell phones and Apple is not going to suddenly stop making them. Given the incredible cash reserves, I think Apple can respond to whatever is coming. I am currently working on a zombie tracking app, just in case.
All models are wrong, some are useful--- George E.P. Box
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 12:48:32 GMT -5
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 14:42:52 GMT -5
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5