Well the charts say we correct next week. The amount is up for debate. I say down to 182 but the charts say 176. Either way I will dip my toes by buying a few puts by end of Monday.
Apple keeps sending me emails to get me to trade in my 8 for the XS. I am on the upgrade program. What is interesting is that had I upgraded back in Sept. my monthly payments would have been $45.99. Now they are offering the same phone for 35.99. So Apple is discounting that iPhone 20%. What is even more crazy is that I am not interested in doing so at all. (My attitude may change in a few months, but then I would be part of the top 1% so I won’t count as a regular customer)
So Apple is discounting the latest iPhone by 20%. What do you think Q2 will look like in iPhone revenue with that type of a discount? Now it only applies to folks like me which I think make up a small portion of the base, and also they are selling plenty of other products to limit the damage from iPhone sales.
Like I said. I will be in Shanghai in four weeks. Will chat with a few folks who manage assets for the richest Chinese in the country. It will be interesting to see what I learn.
This week I did talk with the CEO of Dubai South the worlds largest airport. He reports corporate flight activity had decreased in the last 8 months. Keep in mind the UAE sovereign wealth fund is worth between 2 to 5 trillion ( depending on who you ask). When that type of traffic slows down in one of richest countries in the world, people should pay attention. Lots of billioners come to the UAE seeking those funds for investments.
On a side note, it looks like China trade deal will be pushed to June. If that does happen, the correction I see in June could be pushed back to late summer or early fall. Will watch open interest closely.
Need to go clear back to the August 3rd gain of 8.91% to beat this weeks gain.
But who's keeping track
The news flow/sentiment was quite positive last week after a month of sideways consolidation.This coming week should be very interesting with the March 25th event hanging out there. Is it baked into the price, will there be more buying, will there be a ringing of the cash register after a huge weekly gain? Perhaps we'll see a week where the price is unchanged. Expectations are high for whatever will be unveiled that's for sure creating a big sell the news risk if there's a disappointment. The $186.12 level we're at was a key close above the December 3rd $184.03 close. A positive reception of the March 25th event especially preceded by sideways action during the next 5 trading sessions would be ideal for another leg up. We'll see, I prefer to remain positive. Just my $.02
OK, I figured out my gaffe. There was indeed a $14.75 move for the week ending December 21, but in my haste to get the weekend thread open I failed to notice that it was negative. Apologies to the group and thanks to nwjade for the correction.
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