Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 13, 2019 2:26:50 GMT -8
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Ted
fire starter
Posts: 882
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Post by Ted on May 13, 2019 5:13:09 GMT -8
Nice sentiment, since84, but based on today’s futures, it won’t be a great day for making money via AAPL. 🤮
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 13, 2019 5:38:54 GMT -8
Will this Apple sale last until Thursday -- dividend reinvestment???
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ems
Member
Posts: 97
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Post by ems on May 13, 2019 5:40:11 GMT -8
yeah, it's ugly today. thanks, drumpf.
the only upside is it creates good entry points for shares or maybe longer-dated calls.
When the tariff nonsense finally is over, it should bounce pretty nicely; WWDC could be another upside catalyst. And AAPL should be re-buying more shares at these lower prices too.
It would be nice to see congress take back the control of tariffs that had been foolishly ceded to the executive branch. Obviously there are situations where they (exec. branch) can't be trusted with those levers of power.
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Post by sponge on May 13, 2019 6:17:39 GMT -8
Did not go in on Friday was counting on the Chinese to wait one more day.
Will get back in with puts tomorrow after we bounce from the plunge today. The selling today is an over reaction. The real selling should start Wed. I now see 175 for the low this week. OI for 180 puts keeps climbing
This selling will continue thru June. We are well below the 50 and 200MA. So no real support. RSI is at 32 but could get into low 20s.
These tariffs are not touching Apple yet.
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Post by gtrplyr on May 13, 2019 6:18:52 GMT -8
Did not go in on Friday was counting on the Chinese to wait one more day. Will get back in with puts tomorrow after we bounce from the plunge today. The selling today is an over reaction. The real selling should start Wed. I now see 175 for the low this week. OI for 180 puts keeps climbing This selling will continue thru June. We are well below the 50 and 200MA. So no real support. RSI is at 32 but could get into low 20s. These tariffs are not touching Apple yet. They are touching AAPL
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Ted
fire starter
Posts: 882
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Post by Ted on May 13, 2019 6:22:43 GMT -8
Supreme Court rules against Apple. App Store anti-trust case... story developing
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Post by tuffett on May 13, 2019 6:24:01 GMT -8
Gotta say, as somebody who thinks Trump is a complete idiot, I’m glad somebody is standing up to China. The rest of the world is too scared, and as a result China walks over all of them, dangling the threat of losing the support of a global superpower. I hope China suffers, companies start shifting business away and they get put in their place.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 13, 2019 6:39:34 GMT -8
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ems
Member
Posts: 97
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Post by ems on May 13, 2019 6:46:16 GMT -8
The whole rest of the world has been standing up to China in the past: to wit, the TPP, among other things.
That stinks about the supreme court decision (another drumpf screwover), but it will be a long time before that has any material bearing on the company, if at all. still, probably some short-term negative optics anyway, knowing the fickle market.
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Post by sponge on May 13, 2019 7:01:45 GMT -8
China surprised even Apple in Dec when they told their people to stop buying iPHones. Sales plunged 15%. I see that repeating itself as this war intensifies.
Then Trump will raise tariffs again and this time it will include Apple products. Not sure if that will happen this summer.
Things can get really bad if the Chinese start messing with the manufacturing process. If that happens then our worst nightmares will be coming true.
I have preached since Nov that TC made a big mistake putting all of his manufacturing there for that 20% we sale back to them.
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Post by sponge on May 13, 2019 7:06:53 GMT -8
I should note that there is a good chance we will close the gap from earnings at 173 this week.
Then I see us slowly climbing back towards WWDC.
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4aapl
Moderator
Posts: 3,632
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Post by 4aapl on May 13, 2019 7:24:17 GMT -8
While the headline sounds bad, this is just that the case can move forward, and the story says this has been expected since November: "The result was widely expected after arguments in November in the case, Apple v. Pepper, during which the justices seemed skeptical of Apple’s arguments. " The trade war issues and fears are a much bigger driver. AAPL is back down to where I added a little 5 or 6 months ago, around $186. But while sometimes it would be nice for AAPL or any investment to just go up, we know that is never the case. Dips and bumps, and even some turbulence...but the flight makes it, often even on time.
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Post by tuffett on May 13, 2019 7:27:34 GMT -8
The whole rest of the world has been standing up to China in the past: to wit, the TPP, among other things. That stinks about the supreme court decision (another drumpf screwover), but it will be a long time before that has any material bearing on the company, if at all. still, probably some short-term negative optics anyway, knowing the fickle market. Hilarious if you think this is true. Companies can’t even list Taiwan as a separate country on their websites because China threatens to cease doing business with them. That’s just the tip of the iceberg.
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Post by sponge on May 13, 2019 7:31:54 GMT -8
Putting all the trade issues aside we must not lose sight of the fact that fundamentals are not healthy. When we compare YOY We have lower revenue, lower net income, and lower eps. Until that changes and we return to positive in all of those three areas, the stock will struggle.
Everything was positive last year until Sept.
Services and other products are great and will grow, but it will take time like in several years to really make up for a temporary short fall in iPHone sales.
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Post by hledgard on May 13, 2019 8:25:11 GMT -8
I do see the ruling as a hit to Apple. Yes, the ruling simply states that the court suits can go forward. Which means Apple can now be sued for higher App prices. Not good for AAPL.
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Post by sponge on May 13, 2019 8:40:34 GMT -8
I wonder where aapl would be now if Apple had not bought back $26 billion last quarter.
It will also be interesting to see how many directors cash out in the next 16 months.
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on May 13, 2019 8:46:27 GMT -8
If you think this level of ineptitude is fun, we also have the debt ceiling to look forward to later this summer. At what point will we tire of the chaos and incompetence? Assuming we survive as a country, Apple will be fine in the long run. I'm nibbling a few shares here.
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Post by dreamRaj on May 13, 2019 8:56:31 GMT -8
I wonder where AAPL would be now had the earnings numbers not been good. Probably 170.
But knowing that China can't impose a lot more tariffs on US goods being that they import less than a quarter of what the US imports from them, clearly Trump has the upper hand here and he's going to go down n dirty with this.
This could somewhat settle in a couple of months or sooner and then AAPL will head back to 200's and beyond. The only big downer would be if Apple gets specifically targeted by the Chinese.
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on May 13, 2019 9:03:34 GMT -8
I wonder where AAPL would be now had the earnings numbers not been good. Probably 170. But knowing that China can't impose a lot more tariffs on US goods being that they import less than a quarter of what the US imports from them, clearly Trump has the upper hand here and he's going to go down n dirty with this. This could somewhat settle in a couple of months or sooner and then AAPL will head back to 200's and beyond. The only big downer would be if Apple gets specifically targeted by the Chinese. When you're assuming that an imbecile has a secret plan, you're likely to be disappointed. He has no plan. The Chinese can and will retaliate and cause pain whether it involves tariffs or not.
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ems
Member
Posts: 97
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Post by ems on May 13, 2019 10:57:10 GMT -8
agreed re: Crispin. that idiot has never had the upper hand, nor a plan. China will play him like a fiddle, and simply wait until 2020 if they have to.
I doubt they would target AAPL specifically, (since it would mean targeting foxconn) but they clearly have the upper hand if they choose to use it. Just their near lockup on the world's supply of rare earths would bring tech to it's knees in short order, if they decide to not sell it. To say nothing of their other strategic plays (currency, etc.). Not that I like it but they have better strategy and much longer time-horizons in plays like this, and far more overt control internally to let them wait out petty clowns like agent orange.
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Post by Lstream on May 13, 2019 12:11:25 GMT -8
I see the Trump loving bias on here killed my post already. One more data point on why this place is a joke now.
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Post by sponge on May 13, 2019 12:17:14 GMT -8
The challenge of the forum is that too many are too bullish. With aapl off its ATH it makes it hard to rationally think about what aapl is doing.
I was one of those a few years back. I did not like the bears because I was so bullish. Now we have Trump to blame or give credit depending in which direction aapl is going.
In the end it is not about tariffs or trade deals. It is about fundamentals and peak iPhone demand. Raising prices further eroded any significant upgrades or switchers.
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Post by rezonate on May 13, 2019 12:37:44 GMT -8
I was going to pick up a few more shares Friday. Gut said wait, and I did. BACK UP THE TRUCK!
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Post by macster on May 13, 2019 13:55:41 GMT -8
agreed re: Crispin. that idiot has never had the upper hand, nor a plan. China will play him like a fiddle, and simply wait until 2020 if they have to. But but there was a plan. Before initiating the trade question the US President grew the US economy successfully on multiple fronts to a position of strength and visited China for one on one talks. It was all premeditated and open. In 2 years China will have an exodus of manufacturing to other Asian countries including . Also China will lose the public relations war before the world. The world is watching because they all have issues with China. We will see who cracks first. Negotiations still ongoing.
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Post by joel90069 on May 13, 2019 16:10:10 GMT -8
Perhaps Tim and/ or Lucca knew the breakdown in talks was inevitable, and responded with the small dividend increase. Better to spend it on discounted shares.
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on May 13, 2019 16:50:18 GMT -8
agreed re: Crispin. that idiot has never had the upper hand, nor a plan. China will play him like a fiddle, and simply wait until 2020 if they have to. But but there was a plan. Lol. Somehow I'm unwilling to put any faith in a pathological liar and delusional narcissist to have a coherent vision for an end game to this idiotic trade war. Lying, blustering, and bullying might work when you're screwing over your contractors (or your pornstar mistress), but I sincerely doubt China will be impressed by the pathetic charade. China is also keenly aware of our upcoming elections, and if the dolts in the White House are brilliant enough to tank the US economy in the lead-up, they're not exactly incentivized to stand in the way. The only silver lining is that at least we have a smart and capable person leading our fruit company. Tim will get us though this mess, eventually.
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Post by hledgard on May 13, 2019 16:55:10 GMT -8
Political
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on May 13, 2019 17:19:59 GMT -8
As for the monopoly case against Apple, I just find the argument completely specious. You don’t like the iOS App Store or the terms? Well perhaps you’d enjoy the Google Store, or the Samsung Store, or Windows, or whatever other Android crap there is. No one is being forced to buy an iPhone, or stay in the ecosystem.
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Post by Lstream on May 13, 2019 18:30:07 GMT -8
Maybe. But accurate. China will mop the floor with this amateur, while farmers and honest business people pay the price. And oh ya, Apple shareholders.
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