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Post by moltenfire on Feb 24, 2015 14:01:28 GMT -8
Checking if my info on shares outstanding is correct: At around $171/share is when we hit $1 Trillion market cap, correct?
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Post by snowman36 on Feb 24, 2015 14:11:03 GMT -8
Greetings everyone. Although I have never posted here, (and once on the AFB) I have continually lurked for many years. I really never felt I could add meaningful additions to all of your insightful commentary. I have truly enjoyed all (almost) of the posts that I have read and cannot thank enough all present and many past members from keeping me staying long Apple. I have added some over the years since 1982 and have fortunately done well in call options, all things considered. As a stockbroker from 1979-1982, I bought my share of tech listings, Wang Labs to the bad, and of course AAPL. By a stroke of good fortune I was born 2/24/54. When I discovered sometime after my initial purchase that Steve was born 1 year to the day of me, I told myself, I'll sell Wang and take the loss, but I'll keep Apple. Today, I am teetering on retiring on more money than I thought my wife and I could ever accumulate. This board and it's astonishing members have given me the confidence to stay course, something I could have never done alone. So I raise my glass of Chateau Marquis d'Alesme and say to Steve ...Happy Birthday where ever you are and I thank you all from the bottom of my heart!
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Post by Volvocoupe on Feb 24, 2015 14:38:03 GMT -8
Greetings everyone. Although I have never posted here, (and once on the AFB) I have continually lurked for many years. I really never felt I could add meaningful additions to all of your insightful commentary. I have truly enjoyed all (almost) of the posts that I have read and cannot thank enough all present and many past members from keeping me staying long Apple. I have added some over the years since 1982 and have fortunately done well in call options, all things considered. As a stockbroker from 1979-1982, I bought my share of tech listings, Wang Labs to the bad, and of course AAPL. By a stroke of good fortune I was born 2/24/54. When I discovered sometime after my initial purchase that Steve was born 1 year to the day of me, I told myself, I'll sell Wang and take the loss, but I'll keep Apple. Today, I am teetering on retiring on more money than I thought my wife and I could ever accumulate. This board and it's astonishing members have given me the confidence to stay course, something I could have never done alone. So I raise my glass of Chateau Marquis d'Alesme and say to Steve ...Happy Birthday where ever you are and I thank you all from the bottom of my heart! Very nicely done!!
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Post by rickag on Feb 24, 2015 15:04:53 GMT -8
Greetings everyone. Although I have never posted here, (and once on the AFB) I have continually lurked for many years. I really never felt I could add meaningful additions to all of your insightful commentary. I have truly enjoyed all (almost) of the posts that I have read and cannot thank enough all present and many past members from keeping me staying long Apple. I have added some over the years since 1982 and have fortunately done well in call options, all things considered. As a stockbroker from 1979-1982, I bought my share of tech listings, Wang Labs to the bad, and of course AAPL. By a stroke of good fortune I was born 2/24/54. When I discovered sometime after my initial purchase that Steve was born 1 year to the day of me, I told myself, I'll sell Wang and take the loss, but I'll keep Apple. Today, I am teetering on retiring on more money than I thought my wife and I could ever accumulate. This board and it's astonishing members have given me the confidence to stay course, something I could have never done alone. So I raise my glass of Chateau Marquis d'Alesme and say to Steve ...Happy Birthday where ever you are and I thank you all from the bottom of my heart! Congratulations. Me, I am just teetering.
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Post by archibaldtuttle on Feb 24, 2015 15:05:49 GMT -8
Great story, thanks for sharing!
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Post by Lstream on Feb 24, 2015 15:25:51 GMT -8
Greetings everyone. Although I have never posted here, (and once on the AFB) I have continually lurked for many years. I really never felt I could add meaningful additions to all of your insightful commentary. I have truly enjoyed all (almost) of the posts that I have read and cannot thank enough all present and many past members from keeping me staying long Apple. I have added some over the years since 1982 and have fortunately done well in call options, all things considered. As a stockbroker from 1979-1982, I bought my share of tech listings, Wang Labs to the bad, and of course AAPL. By a stroke of good fortune I was born 2/24/54. When I discovered sometime after my initial purchase that Steve was born 1 year to the day of me, I told myself, I'll sell Wang and take the loss, but I'll keep Apple. Today, I am teetering on retiring on more money than I thought my wife and I could ever accumulate. This board and it's astonishing members have given me the confidence to stay course, something I could have never done alone. So I raise my glass of Chateau Marquis d'Alesme and say to Steve ...Happy Birthday where ever you are and I thank you all from the bottom of my heart! Never tire of hearing these stories . Thanks.
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Post by Luckychoices on Feb 24, 2015 16:38:16 GMT -8
Must admit, $1T market cap scares me. It will attract the wrong kind of attention. Of course, we may as well get to over with. Now we can all relax about this $1 trillion market cap nonsense. Plus, when we exceed the $1 trillion mark, Apple's product span will continue to be much more compelling than tulip bulbs. finance.yahoo.com/photos/most-valuable-companies-ever-adjusted-for-inflation-1351801906-slideshow/most-valuable-companies-in-history-adjusted-for-inflation-photo--1113431046.html1. The Dutch East India Company in 1637 Value then: 78 million Dutch Guilders // Adjusted to 2012 dollars: $7.4 trillion HOW IT GOT SO BIG: Founded in 1602, the world’s first publicly traded company on the world’s first stock exchange started off as a spice trader. Its competitive edge: The largest fleet shipping goods between Europe and Asia. In the 17th century, it grew tremendously thanks to rampant speculation on the value of tulip bulbs. The so-called tulipmania craze foreshadowed the Internet dot.com bubble, and, like its modern equivalent, it eventually burst. But not before making the company the most valuable in world history. WHAT HAPPENED: When tulipmania crashed in 1637, the company went back to its spice trading roots. It ceased operations in 1800. VALUE TODAY: nil
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Post by rezonate on Feb 24, 2015 17:11:00 GMT -8
Happy birthday, Uncle Steve. We miss you.
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Post by edtech on Feb 24, 2015 17:38:10 GMT -8
FWIW, it really feels like 2012 all over again. If you recall, early February 2012 was the start of a massive melt up following the historic earnings call in January. Conditions are the same, because February 2012 is when word that Apple may initiate a dividend began to gain traction. I see the same thing now. This current run is all about the April update to the capital return program For your reference, here is the 2012 stock chart for AAPL. Look for another month of melt-up where dips should be bought. I'm reposting this from last the end of last night's thread. I also think this recent action feels familiar to early 2012. Thanks to an old PED post, we have the following: Largest single day dollar gain (pre split) was $49.72 (about $7.10 post split) on April 25, 2012 - "when the stock rose nearly $50 on higher than expected second quarter earnings." This represented a one day rise in value gain of 8.87%. The second largest gain was $38.05 on November 19, 2012 (about $5.44 post split) for a 7.21% gain. www.fortune.com/2012/11/19/apple-soars-38-05-its-second-highest-one-day-dollar-gain/So let's dig a little deeper. What happened leading up to that single day largest dollar gain in April 25, 2012? Turns out that there was a 4 month bull run leading to record Apple highs ($644) exactly two weeks prior to 4/25/2012 followed by 10 days of profit taking where it fell 13.8% (to $555). Apple released it's Q2 earnings report on April 24th, and the next morning, the 25th, the slingshot rocketed the stock up and ended the day with it's largest single day gain. Here is PED's post deconstructing that slingshot day: www.fortune.com/2012/04/26/the-apple-slingshot-released-57-billion-in-one-clock-tick/Are we going to see a repeat of history this April ? We are experiencing an extended bull run on AAPL, and we are coming in to a promising Q2 with huge China potential due to Lunar New Year and China Mobile being fully on board....
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Feb 24, 2015 19:39:02 GMT -8
So let's dig a little deeper. What happened leading up to that single day largest dollar gain in April 25, 2012? Turns out that there was a 4 month bull run leading to record Apple highs ($644) exactly two weeks prior to 4/25/2012 followed by 10 days of profit taking where it fell 13.8% (to $555). Apple released it's Q2 earnings report on April 24th, and the next morning, the 25th, the slingshot rocketed the stock up and ended the day with it's largest single day gain. Here is PED's post deconstructing that slingshot day: www.fortune.com/2012/04/26/the-apple-slingshot-released-57-billion-in-one-clock-tick/Are we going to see a repeat of history this April ? We are experiencing an extended bull run on AAPL, and we are coming in to a promising Q2 with huge China potential due to Lunar New Year and China Mobile being fully on board.... The difference this time is WATCH and Pay. Both are risky, at least in terms of "success" as defined by the analysts and tech press. Apple has already signaled that they will be keeping figures close to the vest. Pay in particular, notwithstanding impressive "percentage of this and that transaction profile" initial figures, is definitely the long game, and I think WATCH is just plain different from any other product they have had in several ways. Personally, I love the annuity-like nature of Pay, but it will never be the economic bellwether that the iPhone is. Should be exciting. Tim and team are confident.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Feb 24, 2015 19:51:10 GMT -8
Now we can all relax about this $1 trillion market cap nonsense. It is nonsense. Honestly I think anyone who utters AAPL's market cap number as a serious metric fully exposes himself as a retard with no credibility (as opposed to the retards with credibility). As everyone here and anyone with half a brain knows, market cap is share price times shares outstanding. It values neither the stock (i.e., P/E, EPS), nor the company (e.g., revs, earnings, growth, margins, or any other FA metric). All market cap values is stockholders. It's the most useless possible metric imaginable. It has no correlation to anything, other than, "OMG highest ever." More law of large numbers bullshit. If someone wants to make the case that Apple can't continue to grow earnings or revs past X point, or that the iPhone can't carry Apple for eternity, fine, I'll entertain that argument. But who on earth ever invested based on a stock's market cap? Someone who's missed the AAPL alpha boat this past year, that's who. I know I've been paying attention to all of this for some time now. But it never ceases to amaze me how dumb and uninformed people who make their living talking about/analyzing/giving advice about companies and their stocks can be. Being dumb, I get that. But getting paid to be dumb? That still stupefies me.
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Post by Lstream on Feb 24, 2015 20:45:24 GMT -8
If you are dumb, and highly paid to be dumb, does that make you brilliant?
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