JDSoCal
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Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Feb 22, 2013 14:13:55 GMT -8
460 was aapl pain's high strike, though 450 was a significant wall. Highest strike is somewhat irrelevant if there is a lower strike with call open interest above put OI. The price action today likely made the 450 call holders blink and close out by 3PM, raising the pain range.
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Post by tuffett on Feb 22, 2013 16:22:50 GMT -8
Some humour to start the weekend off: What a fresh, original ad for an innovative company. Jony Ive looks and sounds different these days
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Deleted
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Post by Deleted on Feb 22, 2013 16:38:08 GMT -8
I think licensing of iOS would be an epic disaster. Agreed. Look what licensing has done for MSFT (since 2000) in PCs, digital music players, handsets and tablets. Throw in the benefits derived by Google from Android. Now consider the benefits of those that did license other's software: zero customer loyalty and perpetually decreasing gross margins until they are forced out of the business (think Archos, iRiver, Creative, Gateway, eMachines, ATT, Singer, Compaq, DEC, Tandy, Motorola, Palm, Hitachi, Northern Telecom and many more). Close on their heals are Dell, HP, Kodak, Olympus, Nokia, Blackberry, Sony, and the consumer divisions of LG and Toshiba. Even the neighborhood makers of white boxes have been hurt. No, licensing is a one way road to irrelevance.
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Post by PikesPique on Feb 22, 2013 16:48:37 GMT -8
Hey, aapl4kiki was just stirring the pot.
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Mav
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Post by Mav on Feb 22, 2013 17:16:06 GMT -8
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Post by firestorm on Feb 22, 2013 17:27:13 GMT -8
Hey, aapl4kiki was just stirring the pot. Does that mean he's a troll?
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JDSoCal
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Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Feb 22, 2013 19:39:45 GMT -8
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Post by madmaxroi on Feb 22, 2013 19:42:20 GMT -8
JD, you are too damn funny! The hits just keep on coming. ;D
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Deleted
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Post by Deleted on Feb 22, 2013 19:53:01 GMT -8
Hey, aapl4kiki was just stirring the pot. Does that mean he's a troll? Attachments:
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Deleted
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Post by Deleted on Feb 22, 2013 20:49:35 GMT -8
How can Apple be so stupid as to propose something that goes against SEC regulations for something as simple as a vote at a shareholders meeting?
It makes a mockery of the notion that Apples management is above being questioned.
I also wonder why Einhorn was so keen to pursue this - does he know something about some board members intentions? The proposal would have prevented the board and management from issuing preferred shares without a shareholder vote. As it now stands, the board and management can proceed to issue preferred stock if they want.
If there is a board majority to issue preferred shares, would TC be putting his own job in jeopardy if he went against the boards wishes?
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Mav
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Post by Mav on Feb 22, 2013 20:58:43 GMT -8
It's not like people don't already have a couple hundred billion "reasons" to hate on Apple's Board and management, for reasons justified or otherwise.
Focus on management performance over time and whether Apple's Board is in danger of an activist shakeup that puts Apple management at risk. Tune in next week for the vote and keep listening for credible chatter about replacement Boards if that's of particular concern.
burgess, have you held Apple stock or voted the proxy? The Board will not recommend stuff it does not want. And Tim is just another member of the Board.
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JDSoCal
Member
Aspiring oligarch
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Post by JDSoCal on Feb 22, 2013 21:23:11 GMT -8
And Tim is just another member of the Board. Technically, Tim Cook is the lone inside director on Apple's BoD's.
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Mav
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Post by Mav on Feb 22, 2013 21:33:16 GMT -8
Of course he is a Board member with a "little" extra gravitas. But he didn't strong-arm all seven of the other directors into recommending Prop 2 against their wishes...unless of course you subscribe to tinfoil theory on this one.
The important point is, this Board is a friendly Board. If that ever changes, get really, really worried.
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Deleted
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Post by Deleted on Feb 22, 2013 22:21:41 GMT -8
5 months in, this depression of Apple Stock is getting arduous.
Seems to be that a lot of board members have gone dormant or given up.
Starting to feel like I'm in some sort of fanatical cult, with just the die hard nut cases true believers left.
This all leads me to think where at some sort of bargain level here.
I just wish the cash/shareholder issues would just get sorted once and for all and the market can get back to focusing on fundamentals.
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Mav
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Post by Mav on Feb 22, 2013 22:23:53 GMT -8
"Starting to feel like I'm in some sort of fanatical cult, with just the die hard nut cases true believers left."
Why, thanks.
Also, compared to LAST time, this is "nothing". Very painful, probably more irrational than ever, but not of the same magnitude (by percentage or length). Sure, subject to change, but when you get to levels where Apple could conceivably go private and/or shareholders sue Apple from here to next century...it doesn't pass the laugh test.
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Post by Red Shirted Ensign on Feb 22, 2013 22:36:57 GMT -8
5 months in, this depression of Apple Stock is getting arduous. Seems to be that a lot of board members have gone dormant or given up. Starting to feel like I'm in some sort of fanatical cult, with just the die hard nut cases true believers left. This all leads me to think where at some sort of bargain level here. I just wish the cash/shareholder issues would just get sorted once and for all and the market can get back to focusing on fundamentals. I'm still here. Building a fortress out of old Sony play stations and Nintendo Wis. Mav is right....we'll get through this and look back ...but not fondly.
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Deleted
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Post by Deleted on Feb 22, 2013 22:40:57 GMT -8
"Starting to feel like I'm in some sort of fanatical cult, with just the die hard nut cases true believers left." Why, thanks. Also, compared to LAST time, this is "nothing". Very painful, probably more irrational than ever, but not of the same magnitude (by percentage or length). Sure, subject to change, but when you get to levels where Apple could conceivably go private and/or shareholders sue Apple from here to next century...it doesn't pass the laugh test. I should point out I include myself in that description.
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Post by ibuyer on Feb 23, 2013 2:28:00 GMT -8
"Starting to feel like I'm in some sort of fanatical cult, with just the die hard nut cases true believers left." Why, thanks. Also, compared to LAST time, this is "nothing". Very painful, probably more irrational than ever, but not of the same magnitude (by percentage or length). Sure, subject to change, but when you get to levels where Apple could conceivably go private and/or shareholders sue Apple from here to next century...it doesn't pass the laugh test. Which last time? 2008/2009? or 97 near death? I think this is more painful than 2008/9 since the world is not on a precipice. On a one year basis the following stocks outpefromed by: GOOG outperformed by 40% Samsung outperformed by 30% SP500 outperformed by 20% Just so disheartening. Especially since TC/BOD has been AWOL as a public company CEO.
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Post by Big Al on Feb 23, 2013 5:35:03 GMT -8
Some humour to start the weekend off: What a fresh, original ad for an innovative company. Jony Ive looks and sounds different these days This is a joke, right?
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Post by rickag on Feb 23, 2013 6:01:50 GMT -8
Some humour to start the weekend off: What a fresh, original ad for an innovative company. Jony Ive looks and sounds different these days This is a joke, right? Hint - "Jony Ive looks and sounds different these days["
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Post by redinaustin on Feb 23, 2013 6:48:50 GMT -8
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Post by appledoc on Feb 23, 2013 6:49:21 GMT -8
I just wish the cash/shareholder issues would just get sorted once and for all and the market can get back to focusing on fundamentals. Cash on hand is a fundamental issue. WS isn't happy with how it's being used. Other fundamentals aren't pretty either. There's a strong possibility of negative EPS growth in 2013 unless something saves us in Q3 and Q4. Either a summer iPhone release or a new device that is a winner.
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Post by rickag on Feb 23, 2013 7:36:08 GMT -8
I just wish the cash/shareholder issues would just get sorted once and for all and the market can get back to focusing on fundamentals. Cash on hand is a fundamental issue. WS isn't happy with how it's being used. Other fundamentals aren't pretty either. There's a strong possibility of negative EPS growth in 2013 unless something saves us in Q3 and Q4. Either a summer iPhone release or a new device that is a winner. Or NTT Docomo and/or China Mobile adds iPhones.
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Post by appledoc on Feb 23, 2013 8:02:47 GMT -8
Cash on hand is a fundamental issue. WS isn't happy with how it's being used. Other fundamentals aren't pretty either. There's a strong possibility of negative EPS growth in 2013 unless something saves us in Q3 and Q4. Either a summer iPhone release or a new device that is a winner. Or NTT Docomo and/or China Mobile adds iPhones. Doesn't matter until they can keep up with demand. It took way too long after release of the 5 for supply to meet demand. And don't get me started on not being able to meet demand for the 4.
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Post by fas550 on Feb 23, 2013 8:16:38 GMT -8
Cash on hand is a fundamental issue. WS isn't happy with how it's being used. Other fundamentals aren't pretty either. There's a strong possibility of negative EPS growth in 2013 unless something saves us in Q3 and Q4. Either a summer iPhone release or a new device that is a winner. Or NTT Docomo and/or China Mobile adds iPhones. Agreed. This year EPS will PROBABLY not rise with what has worked in the past (feature and incremental upgrades to the iPhone). It will probably take one or more of the following: Large increase in customer base through major carrier deal(s) and/or an off contract phone in the $200 range (existing or new device). New disruptive device or major change and expansion of existing devices. Major change in cash utilization (multiple options but the benefit of just saving it is is clearly gone). All of the above have inherent challenges (e.g. margins) but IMHO the fact evidence is clear that growth is slowing: we can't just stick our head in the sand and think that staying the course of the past is somehow going to magically fix the outcome of the future. Apple is a different company in many ways than it was even in the recent past, the expectations of the addressable consumer in regards to handsets is different than it was in the past and to cope with this the company has to change. Change is hard, it has risks but complacency in day-to-day company operations is temptingly comfortable; change presents opportunity. One thing for sure though: in technology (and retail) there are many company histories of failure from those that refused to recognize it.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Feb 23, 2013 10:26:56 GMT -8
I have noticed that for the past two weekends, Weekend updates are only visible when I log into the app. Has something changed? Am I doing something wrong? Again?
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Post by fas550 on Feb 23, 2013 10:29:33 GMT -8
I have noticed that for the past two weekends, Weekend updates are only visible when I log into the app. Has something changed? Am I doing something wrong? Again? Same here. There are a couple of forums that don't show unless one logs in.
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Post by ibuyer on Feb 23, 2013 10:44:57 GMT -8
I have noticed that for the past two weekends, Weekend updates are only visible when I log into the app. Has something changed? Am I doing something wrong? Again? Same here. There are a couple of forums that don't show unless one logs in. might not be a bad thing...
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macorange
Member
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Post by macorange on Feb 23, 2013 11:18:42 GMT -8
I'm here, lurking and holding some dry powder. We need a catalyst, and I expect one to occur.
This is not a year of large eps growth, but at the current PE, AAPL can rise significantly if something can trigger a shift of sentiment.
I am now sitting at a swimming pool and practically everyone at the pool is holding a smartphone. That's stupid on a number of levels, but it demonstrates how important digital mobile devices have become.
Globally.
Apple is the leader in the most important industry of our generation. And it's stock is priced as if it was selling Edsels. This too shall pass.
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Deleted
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Post by Deleted on Feb 23, 2013 12:32:13 GMT -8
Some humour to start the weekend off: What a fresh, original ad for an innovative company. Jony Ive looks and sounds different these days This is a joke, right? Let's take it seriously for a moment. I haven't seen one in the wild, and I may not ever, but the concept, as effectively conveyed in the ad, could be successful. It will need an ecosystem of apps and productivity programs to be desirable. If it had these who would suffer the most, Apple or MSFT? My initial thought is that, assuming the hardware is good, given Android's vulnerabilities, Chrome will have a hard time carving out meaningful share for itself, and the margins on such share will be paltry, certainly not enough to cause current Windows manufacturers to bear the expense of shifting away from Windows.
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