Since84
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To infinity and beyond!
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Post by Since84 on Mar 31, 2015 2:44:13 GMT -8
Good morning everyone. Another UGGGH morning. AAPL is RED trading at 125.88 -0.49 (0.39%) as of 6:23 AM. The major US Indices are RED as well. Come on Wall Street, we're 10 days away from Watch previews, 24 days away from Watch sales and 27 Days away from another earning surprise and likely dividend action. For anyone who has not read it, JD's review of Becoming Steve Jobs in yesterdays thread is excellent. My copy just arrived. Can't wait dive in. In the news: Ericsson whines loudly; U.S. trade commission agrees to investigate Apple. Stories at Apple Insider and Venture Beat. WSJ Interviews Lisa Jackson on Apple’s Green Initiatives. Have a great day. Let's make money.
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Post by phoebear611 on Mar 31, 2015 3:15:46 GMT -8
Just got my copy of Becoming Steve Jobs as well but am too busy with Easter prepping to have two minutes for myself to read. It will have to wait till after the week is over but love JD's review - can't wait to dig in. There's nothing I like more than a good book. I thoroughly enjoyed Isaacson's and by all accounts this one promises to be way better and of course, if JD says so...then IT IS SO! (Why do I have an image of JD as Moses with the Ten Commandments coming off the mountain?!) Nothing new on stock direction with the EW boys - remember though, the ones I tend to follow and who have a more accurate view are the 6 month guys ... however, there are one or two short term fellas that are fairly good - one in particular. To be clear, by short term I mean one to two months out (more or less). This one person's view is that if we don't get through $130.50 (or specifically $131) then we will see a pull back (correction) before going higher. If we do see $131, then we see all time highs. If not, and we do see that correction, we could possibly see something as severe as $116-$118. But here is the kicker - if we do see that severity, it sets up the bull case for my long term guru (the 6 month+ guy) to see $185+ . So like the markets, it's going to be an interesting ride in general. I suddenly feel like those folks on the Coney Island Cyclone Roller Coaster who got stuck at the top and had to get out of the carts and walk down slowly. But hey ~ I wouldn't mind getting stuck at the TOP with all of you ! Mace, macwire, nagrani, etc....you seeing any of this action I'm describing? By the way interesting that the IV is high at the $130 level which would suggest a potential call wall to start setting up and possibly creating the whole day of reckoning there ... or not...because it could line up with silly/insane earnings to blow past $131 so who really knows?
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Mar 31, 2015 3:16:21 GMT -8
Horace Dediu published Luxurious, a look at Apples watch pricing differentiation. Interesting.
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Post by Red Shirted Ensign on Mar 31, 2015 5:34:31 GMT -8
Horace Dediu published Luxurious, a look at Apples watch pricing differentiation. Interesting. Agree! And take some time to review the comments to Horace's article. Some very good insights there too.... And AAPL quick green move
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Post by macwire on Mar 31, 2015 5:53:40 GMT -8
10day fail here early. :/
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Deleted
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Post by Deleted on Mar 31, 2015 6:09:20 GMT -8
RBC bumps price target $2, to $142.
Why bother?
Is EW channeling OPEX with the $130 line in the sand, or is it just coincidence?
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Post by nagrani on Mar 31, 2015 6:18:09 GMT -8
Lower high?!?
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Post by macwire on Mar 31, 2015 6:21:58 GMT -8
Looks like to me so far. It needs to get going fast. My WAG bet is a breakdown from the triangle to trap shorts before finally resolving higher but there's more short term pain it appears.
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Post by nagrani on Mar 31, 2015 6:25:44 GMT -8
Here she comes. Let's go green.
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Post by Red Shirted Ensign on Mar 31, 2015 7:23:01 GMT -8
This in every window in Selfridges in London .....
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Post by hledgard on Mar 31, 2015 8:01:17 GMT -8
I don't think Tim Cook should have spoken out against the Indiana issue. There was no attempt to discriminate as far as I can tell. And it puts Apple in aa "political" position, which I think in the long run is not good.
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Post by artman1033 on Mar 31, 2015 8:48:14 GMT -8
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Post by gtrplyr on Mar 31, 2015 9:02:04 GMT -8
I don't think Steve Cook should have spoken out against the Indiana issue. There was no attempt to discriminate as far as I can tell. And it puts Apple in aa "political" position, which I think in the long run is not good. Well I'm not sure who this "Steve Cook" fellow is but .... I'm glad Tim said something. Of course regardless of your position on the issue maybe silence is the safer route as we all know this country is pretty divided ... either way you slice it 50% of the country will not agree with you. In any case, I don't think it will affect sales one bit .... many were worried when Tim came out that it would change people's buying habits ... it did not seem to in any measurable way. Like it or not ... Apple is a very socially liberal, tree hugging, free thinking company started by hippies. Of course, Jobs would not have said a thing but Tim is his own man and I applaud his behavior. Cheers to the longs ...
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Mar 31, 2015 9:05:29 GMT -8
I don't think Steve Cook should have spoken out against the Indiana issue. There was no attempt to discriminate as far as I can tell. And it puts Apple in aa "political" position, which I think in the long run is not good. I totally agree. I think Cook has stepped way over the line, and Jobs would be furious that Apple is going so far off message, but everyone on WS is too cowed by PC and the screeching, intolerant left to say it. I'd prefer not to have this debate in the Intraday out of respect to others, and the fact that there is so much relevant to talk about (let's please move this topic to the Politics thread, where red meat is already being served, even by wimpy vegans ). But I would point out that Tim is definitely forcing the issue, and it's becoming a big pink elephant in the room when we don't discuss it. I'd just add that what makes Libertarians like myself different from typical left or right types is, that we strongly believe that, in America, you have a right to your own opinion, even if we disagree with it. Anything else is totalitarianism.
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Post by artman1033 on Mar 31, 2015 9:21:51 GMT -8
JUST A HEADS UP! TOMORROW IS APRIL 1ST ALL DAY LONG
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Post by artman1033 on Mar 31, 2015 9:25:46 GMT -8
I don't think Steve Cook should have spoken out against the Indiana issue. There was no attempt to discriminate as far as I can tell. And it puts Apple in aa "political" position, which I think in the long run is not good. I totally agree. I think Cook has stepped way over the line, and Jobs would be furious that Apple is going so far off message, but everyone on WS is too cowed by PC and the screeching, intolerant left to say it. I'd prefer not to have this debate in the Intraday out of respect to others, and the fact that there is so much relevant to talk about (let's please move this topic to the Politics thread, where red meat is already being served, even by wimpy vegans ). But I would point out that Tim is definitely forcing the issue, and it's becoming a big pink elephant in the room when we don't discuss it. I'd just add that what makes Libertarians like myself different from typical left or right types is, that we strongly believe that, in America, you have a right to your own opinion, even if we disagree with it. Anything else is totalitarianism. YOU TROUBLE MAKER! Rabble rouser! Instigator! there is NO ONE here to remove this post to the appropriate thread. you silly goose....
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Mav
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Post by Mav on Mar 31, 2015 9:46:46 GMT -8
JUST A HEADS UP! TOMORROW IS APRIL 1ST ALL DAY LONG No way.
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Mav
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Post by Mav on Mar 31, 2015 9:50:27 GMT -8
I don't think Steve Cook should have spoken out against the Indiana issue. There was no attempt to discriminate as far as I can tell. And it puts Apple in aa "political" position, which I think in the long run is not good. I totally agree. I think Cook has stepped way over the line, and Jobs would be furious that Apple is going so far off message, but everyone on WS is too cowed by PC and the screeching, intolerant left to say it. I'd prefer not to have this debate in the Intraday out of respect to others, and the fact that there is so much relevant to talk about (let's please move this topic to the Politics thread, where red meat is already being served, even by wimpy vegans ). But I would point out that Tim is definitely forcing the issue, and it's becoming a big pink elephant in the room when we don't discuss it. I'd just add that what makes Libertarians like myself different from typical left or right types is, that we strongly believe that, in America, you have a right to your own opinion, even if we disagree with it. Anything else is totalitarianism. Time for technicals-trading-crossover-to-politics trolling! As we all know, Tim will continue to soapbox* until he doesn't. *Yes it's a $200B+/$700B+ mkt cap soapbox but you know what I mean
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bud777
fire starter
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Post by bud777 on Mar 31, 2015 9:51:11 GMT -8
A few days ago there was some discussion about blackout periods for share repurchases. I think Goldman Sachs published a note suggesting a strategy of buying during the blackout. I have been trying to find the actual SEC rule that describes the blackout. The closest I have come is Rule 10B5-1 While this talks about a repurchase plan, it does not seem to specify the duration or timing of the blackout. Does anyone know the exact rule that controls the blackout period?
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CdnPhoto
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Post by CdnPhoto on Mar 31, 2015 10:35:19 GMT -8
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Post by firestorm on Mar 31, 2015 10:41:33 GMT -8
I totally agree. I think Cook has stepped way over the line, and Jobs would be furious that Apple is going so far off message, but everyone on WS is too cowed by PC and the screeching, intolerant left to say it. I'd prefer not to have this debate in the Intraday out of respect to others, and the fact that there is so much relevant to talk about (let's please move this topic to the Politics thread, where red meat is already being served, even by wimpy vegans ). But I would point out that Tim is definitely forcing the issue, and it's becoming a big pink elephant in the room when we don't discuss it. I'd just add that what makes Libertarians like myself different from typical left or right types is, that we strongly believe that, in America, you have a right to your own opinion, even if we disagree with it. Anything else is totalitarianism. YOU TROUBLE MAKER! Rabble rouser! Instigator! there is NO ONE here to remove this post to the appropriate thread. you silly goose.... Whether you are a right-wing troll, a liberal angel, or a libertarian nutcase, one thing should be eminently clear: Tim Cook had every right under the 1st Amendment to make his case, and it looked to me as if he was doing it as a private citizen (who just happens to be CEO of the most valuable company in the world).
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Post by incorrigible on Mar 31, 2015 10:47:21 GMT -8
Meh. 5 cents may excite Lucy Van Pelt but not me.
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Post by macwire on Mar 31, 2015 11:04:48 GMT -8
AAPLOL
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Post by phoebear611 on Mar 31, 2015 11:18:04 GMT -8
A few days ago there was some discussion about blackout periods for share repurchases. I think Goldman Sachs published a note suggesting a strategy of buying during the blackout. I have been trying to find the actual SEC rule that describes the blackout. The closest I have come is Rule 10B5-1 While this talks about a repurchase plan, it does not seem to specify the duration or timing of the blackout. Does anyone know the exact rule that controls the blackout period? I believe it's part of Rule 10b-18 (1934 Act) that has to do with corporate repurchases and non-public material information.
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Post by Odd-Lot Richard on Mar 31, 2015 11:36:49 GMT -8
JD, I thought you were cutting back on red meat.
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Post by Odd-Lot Richard on Mar 31, 2015 11:42:19 GMT -8
Ugh. Looks like a whole-market drop, though, and we seem to be recovering now. End of quarter profit-taking?
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Post by macwire on Mar 31, 2015 11:43:33 GMT -8
Ugh. Looks like a whole-market drop, though, and we seem to be recovering now. End of quarter profit-taking? Prolly. If it's not options pinning or blah blah or blah or blah or FUD Dead solid rule to bail and wait for short termers when that RSI hits 80 on the daily chart.
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Post by nagrani on Mar 31, 2015 11:45:16 GMT -8
I think first of the month is usually bullish for apple and the markets in general. I also think seasonally - apple does well in April, the month leading into a new product release. I'm extremely bullish right now and buying any dips. That's just me but wanted to share my opinion
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Deleted
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Post by Deleted on Mar 31, 2015 12:19:36 GMT -8
I took advantage of a dumb-as-nails market and BTFD. Twice (once in AH).
Horace's piece earlier today, distilled to one sentence: Customers who need their ego stroked can do so buying Watch for $10,000 (I guess it's cheaper than buying a Ferrari for $250k).
Remember, Apple DROPPED the price of the first iPhone after "learning" the market after launch (I recall I received a $200 credit).
Despite my skepticism, I hope the Watch Edition is a BLOCKBUSTER.
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Mav
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Post by Mav on Mar 31, 2015 13:07:58 GMT -8
You troll, Mercel. The credit was only $100. Well, I guess you could've also been exceptionally convincing. Watch Edition IS IMMATERIAL. And, unless Apple someday sees fit to break out Apple Watch revs and units in its own category, INVISIBLE. I wouldn't worry about it. Even if it's "only popular in Asia" - sheesh, it's popular in Asia! Think of it this way. Even if Raffi's tooling and R&D cost for just Edition somehow exceeded $3B, Apple Watch Edition will likely pay Apple back faster than, say, Beats.
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