Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,117
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Post by Dave on Jun 16, 2023 0:43:15 GMT -8
Good morning. We end this trading week with a red pre-market at -0.07% at this moment. Not likely to stay red for long. So how will this week end?
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,117
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Post by Dave on Jun 16, 2023 0:51:37 GMT -8
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Post by artman1033 on Jun 16, 2023 5:26:06 GMT -8
MONDAY IS A FEDERAL HOLIDAY! MARKETS ARE CLOSED!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Jun 16, 2023 5:53:21 GMT -8
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Post by CdnPhoto on Jun 16, 2023 6:44:07 GMT -8
Is the tractor beam of $185 going to drag us to that price for the close today?
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4aapl
Moderator
Posts: 3,653
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Post by 4aapl on Jun 16, 2023 7:26:45 GMT -8
Is the tractor beam of $185 going to drag us to that price for the close today? Looks like it's bopping around a bit, just hitting 186 again now on good volume so far. Sometimes for these type of larger option volume expirations, the stock hits the mark (185?) a day or two earlier (check), hits the mark early in the day (check), and then comes back to it for closing. We'll see what happens...not that it matters in the longer run. OTOH, understanding that there is stuff going on helps make it easy to write off the short term movements. Looks like the ATH is bringing in people to the site, hitting above 300 yesterday for the combined guests and users. And thanks tigerlibra88 for joining the site as a new user!
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Post by artman1033 on Jun 16, 2023 7:59:16 GMT -8
AAPL ALL TIME HIGH INTRADAY! $186.99
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Post by duckpins on Jun 16, 2023 10:12:35 GMT -8
Didn't know that. Lots of incentives to avoid event risk. Another day.
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Post by duckpins on Jun 16, 2023 11:02:37 GMT -8
Well so much for the 185 weeklies.
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Post by duckpins on Jun 16, 2023 11:13:10 GMT -8
I find this amusing and worrisome. This chick reminds me of Elisabeth Holmes. Something about her vibrations. Can't put my finger on it. ARK Invest, an investment firm led by Cathie Wood, boldly asserts that current augmented and virtual reality technology, including offerings from tech giants like Apple Inc. Just Doesn't Cut It For Masses — Analyst Bets Apple Will Sell Less Than 1M Headsets In First Year www.benzinga.com/news/23/06/32887064/cathie-woods-ark-invest-says-current-arvr-tech-just-doesnt-cut-it-for-masses-analyst-bets-apple-willApple doesn't fit into her future ETFs. But this tech seems to have all the futures people excited. The 3500 for these ski goggles (my term) seems like a lot compared to how cheap computers have gotten. How much did we pay for the first MacPlus? So relatively speaking this is less considering inflation. Don't know that that price point is worrisome to the new gen where both partners make 6 figures. I think the opposite, we will be shocked by the scope of the sales. Lots of people like to ski. Would not invest with Wood.
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Post by Lstream on Jun 16, 2023 11:26:09 GMT -8
I consider how many units are sold in year 1 to be almost irrelevant. This is an obvious long-term play. These twits can’t seem to figure this out. And, oh the horrors. A brand new product category ONLY sells $3B or so in year one, if they turn out to be right.
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Post by CdnPhoto on Jun 16, 2023 12:00:43 GMT -8
Is the tractor beam of $185 going to drag us to that price for the close today? Tractor beam pulled it in. Just slightly too much for the $185. The Puts got a little value out of it
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4aapl
Moderator
Posts: 3,653
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Post by 4aapl on Jun 16, 2023 12:09:41 GMT -8
Is the tractor beam of $185 going to drag us to that price for the close today? Tractor beam pulled it in. Just slightly too much for the $185. The Puts got a little value out of it We did our part in the last 10 minutes. I had been bugging my kids for 2 months now to see what they wanted to put their Roths into. My son's last day of school was today, and he was heading off to get ice cream with friends, but we took 15 minutes to get half his account invested. He decided he was going for a third in the Nasdaq, a third in the S&P, and a third in AAPL. So we got his approximately sixth today, 6 shares at 184.875. Ahhhh...back to trading in fractions, with 7/8ths. Fun times. I personally don't think this is the best time to invest, and really wanted them to get in a month ago. But splitting the overall purchases over multiple days (that whole dollar cost averaging thing) averages it out a bit, and with the slight dip due to triple witching, today seemed ok. Have a great weekend!
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mark
fire starter
Posts: 1,556
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Post by mark on Jun 16, 2023 13:01:22 GMT -8
I find this amusing and worrisome. This chick reminds me of Elisabeth Holmes. Something about her vibrations. Can't put my finger on it. ARK Invest, an investment firm led by Cathie Wood, boldly asserts that current augmented and virtual reality technology, including offerings from tech giants like Apple Inc. Just Doesn't Cut It For Masses — Analyst Bets Apple Will Sell Less Than 1M Headsets In First Year www.benzinga.com/news/23/06/32887064/cathie-woods-ark-invest-says-current-arvr-tech-just-doesnt-cut-it-for-masses-analyst-bets-apple-willApple doesn't fit into her future ETFs. But this tech seems to have all the futures people excited. The 3500 for these ski goggles (my term) seems like a lot compared to how cheap computers have gotten. How much did we pay for the first MacPlus? So relatively speaking this is less considering inflation. Don't know that that price point is worrisome to the new gen where both partners make 6 figures. I think the opposite, we will be shocked by the scope of the sales. Lots of people like to ski. Would not invest with Wood. 1. I doubt they plan to sell >1M in the first year. First year is to wring out any issues, to get developers up to speed, and maybe for some killer apps to emerge. 2. It doesn't matter much how many they sell in the first year. It's the growth and the ecosystem that will be the thing that determines if it is a success or a failure.
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4aapl
Moderator
Posts: 3,653
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Post by 4aapl on Jun 16, 2023 13:15:01 GMT -8
1. I doubt they plan to sell >1M in the first year. First year is to wring out any issues, to get developers up to speed, and maybe for some killer apps to emerge. 2. It doesn't matter much how many they sell in the first year. It's the growth and the ecosystem that will be the thing that determines if it is a success or a failure. Dan Ives threw out 150,000 as the number for the first year. So half a billion revenue, maybe a quarter B profit if there were no added costs, but you know there is and it would be tiny compared to the R&D and startup costs of making them. That's probably too low unless supply constrained. OTOH it is a good low number to start at. Better to have a low figure out there that's relatively easy to hit, and then exceed it if possible. But throwing a low number out there hopefully shapes other wild guesses too.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Jun 16, 2023 14:55:42 GMT -8
Cathy Wood LOL. At least Elizabeth Holmes knew she was committing fraud. Crazy Cathy believes her own bullshit, and ARKK won't end well for investors. Here's a 2 year chart of ARKK, AAPL, and the NASDAQ:
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mark
fire starter
Posts: 1,556
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Post by mark on Jun 16, 2023 15:12:45 GMT -8
Cathy Wood LOL. At least Elizabeth Holmes knew she was committing fraud. Crazy Cathy believes her own bullshit, and ARKK won't end well for investors. Here's a 2 year chart of ARKK, AAPL, and the NASDAQ: The most amazing thing about ARKK is not the terrible performance, but rather that people continue to put new capital into it!!!
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4aapl
Moderator
Posts: 3,653
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Post by 4aapl on Jun 16, 2023 17:12:58 GMT -8
The most amazing thing about ARKK is not the terrible performance, but rather that people continue to put new capital into it!!! In reading about funds of funds, maybe that is part of the problem. Instead of people looking at putting most or all of an investment into more speculative stuff, or ARKK in general, it could be funds looking to put 5% into speculative trades, and so they go through ARKK. That doesn't make it right. It seems very wrong, given the performance, though there was a time where it was positive. But I could see someone, or a fund, wanting to put 1-5% into things that she generally goes for, and just making the easy choice to go with ARKK. Heck, plenty of people do the same thing with bonds. 40% or even 60% in bonds is safe, right? What about just in CDs? Or a savings account? ...and they would have done better than being in ARKK, at least recently.
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Post by duckpins on Jun 18, 2023 10:30:14 GMT -8
When you buy the con you defend your belief, it is an odd facet of human nature.
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