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Post by audiosculpture12 on Jul 16, 2019 0:13:15 GMT -8
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Post by rmhe1999 on Jul 16, 2019 4:24:30 GMT -8
That Forbes article has been rehashed every few weeks for months now. I've been seeing it in my Apple News feed for most of 2019. Must get lots of clicks for them to keep republishing it. Another example of FUD from Forbes. Clickbait headline to an article based on rumors. SMH...
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 16, 2019 5:18:29 GMT -8
That Forbes article has been rehashed every few weeks for months now. I've been seeing it in my Apple News feed for most of 2019. Must get lots of clicks for them to keep republishing it. Another example of FUD from Forbes. Clickbait headline to an article based on rumors. SMH... Forbes’s Gordon Kelly and Ewan Spence are reliable weekly Apple doubters/bashers.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 16, 2019 5:30:13 GMT -8
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Post by osx10 on Jul 16, 2019 5:44:58 GMT -8
Been gone for a bit - curious as to what happened to Since84?
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Jul 16, 2019 6:18:56 GMT -8
It might be worth noting that we continue our slow climb towards ATH in the absence of much positive news. In the past, an extended period with no new products or daily positive news was an invitation to the Ewan Spences of the world to start driving APPL down. Foolishness like the "law of large numbers", "Apple can't innovate" and other memes were chanted in articles by clickbait mills until even the faithful began to doubt. But even with the rampant uncertainty about China and the legitimate questions about 5G, I hear crickets. Is it just because Apple is not in court with Samsung? or because Apple will buy back the discounted stock? When viewed in the context of past manipulation, I view this as a positive sign. Having seen P/E's vary from 10 to 20, I think sentiment is a major factor in the stock price, perhaps greater than any financial fundamental. Where have all the jackals gone?
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Post by sponge on Jul 16, 2019 6:41:25 GMT -8
Aapl is being pulled upwards by the DOW and trying to catch up to the the SPY.
The headwinds we face may have less to do with earnings but rather where the SPY is going.
RSI on aapl says it is in a neutral place come earnings with a most likely RSI of 50.
SPY however is close to 70 which indicates that it wants to encounter some profit taking soon.
I see a small correction after earnings where we could touch the 200 MA at 190 before we move towards that 224 number of middle of Sept.
It will be fun to watch and maybe place some money on this theory.
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jul 16, 2019 8:07:21 GMT -8
It might be worth noting that we continue our slow climb towards ATH in the absence of much positive news. In the past, an extended period with no new products or daily positive news was an invitation to the Ewan Spences of the world to start driving APPL down. Foolishness like the "law of large numbers", "Apple can't innovate" and other memes were chanted in articles by clickbait mills until even the faithful began to doubt. But even with the rampant uncertainty about China and the legitimate questions about 5G, I hear crickets. Is it just because Apple is not in court with Samsung? or because Apple will buy back the discounted stock? When viewed in the context of past manipulation, I view this as a positive sign. Having seen P/E's vary from 10 to 20, I think sentiment is a major factor in the stock price, perhaps greater than any financial fundamental. Where have all the jackals gone? At some point I think they're going to hit peak FUD. I have no idea whether we're there or not, but you can only cry wolf so many times. That is if Apple's fundamental econ metrics hold up.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 16, 2019 8:14:27 GMT -8
Been gone for a bit - curious as to what happened to Since84? Just worn out from his many, varied and daily contributions, IMHO. He did announce his intent to pull back for a while. I’d be surprised if he isn’t still monitoring the board, at least from time to time. And yes, Since84, you are missed by many.
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coma
Member
Posts: 522
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Post by coma on Jul 16, 2019 9:26:02 GMT -8
He was last online: Jul 8, 2019 at 6:33am.
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Post by hledgard on Jul 16, 2019 10:00:19 GMT -8
Since84 was GREAT ! So is Chinacat !
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Jul 16, 2019 11:15:36 GMT -8
Say, has anyone heard about the Secure Act that I think has passed the house? In particular the fact that as written it currently requires an inherited IRA to be drained in 10 years except if it is passed on to a minor child? Curtailing the stretch aspect of inherited IRAs, except for surviving spouses (as before) isn't a welcome development. www.bankrate.com/retirement/how-secure-act-could-impact-retirement-savings/New 10-year deadline on inherited 401(k)s or IRAs The SECURE Act would change how long you can hold on to a 401(k), a traditional IRA or a Roth IRA that you’ve inherited from someone who’s died. Today’s guidelines say you can stretch the balance out over your lifetime, but under the new bill, those balances must be withdrawn within 10 years. But there are some exceptions. If you’re the surviving spouse or minor child of the account owner, for example, you would not be subject to these new regulations. “It’s both to raise money to pay for the provisions of the bill that may cost some money by virtue of increased savings being tax deferred, but also to make sure that the 401(k) plans and IRAs, are not being used indefinitely as a tax-deferred vehicle by the inheritors,” Kelly says.
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Post by firestorm on Jul 16, 2019 13:30:23 GMT -8
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jul 16, 2019 19:47:24 GMT -8
As a side note, while it's been growing for years, this whole "Amazon creating a new shopping frenzy day(s)" is pretty interesting. It happens other times too, with Sams Club having a day in May and another a couple weeks before Black Friday, but the scale of theirs is dwarfed by this. Even better is other stores getting in on it, though not being able to call it "Prime Day" fragments it a bit, but still gets a bunch of places competing over a time period, similar to the forward creep from Black Friday we've seen where places are trying to capture the holiday budget before another store does such.
But the interesting thing to me was the mail lady this evening, while delivering my first of several packages (ordered maybe 30 hours earlier), saying that they were getting slammed, and that there were 3 pallets of Amazon Prime Day packages that just arrived in the USPS office. Like those paid to remove snow, while it is their livelihood, it's a little overwhelming to have it all at once.
When a new buying holiday can get plenty of traction, you know things aren't too bad for the economy. Apple might not blow it out of the water on earnings, but as long as trade deals nor seasonality didn't take a bigger bite than expected, things should be good with room on the upside, for earnings and the stock.
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