Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 13, 2015 2:23:27 GMT -8
Good morning everyone. AAPL is trading at 127.12 +0.02 (0.02%) as of 6:17AM. Hey, at least it's GREEN. Meanwhile major US Indices are all RED. Come on Apple, pull them out of the slump. In the news: Lots of speculation conjecture wild-ass guesses on watch sales. PED (mentioned in weekend thread), AppleInsider, CNBC and many others. Makes it a great day for FUD in the market. Be careful out there. Have great day. Let's make money.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 13, 2015 2:38:45 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Apr 13, 2015 4:03:46 GMT -8
AAPL looks good in pre-market this morning.
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Post by wildguess on Apr 13, 2015 4:15:01 GMT -8
Up a point now. Did anyone catch CNBC about an hour ago? They had a guy from the Verge talking positive about the Apple Watch. Joe Kernan said that the Watch looks good and elegant. He also said that it looks much better than the junk Samsung put out.
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Post by wildguess on Apr 13, 2015 4:19:30 GMT -8
I would love to hear Tim Cook come out this morning and say they have over 1 million pre-orders in the US alone and that he will update that with all of the pre-orders from other countries during the earnings conference call in two weeks.
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Post by nagrani on Apr 13, 2015 4:22:03 GMT -8
Good start
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Post by CdnPhoto on Apr 13, 2015 4:24:42 GMT -8
Up a point now. Did anyone catch CNBC about an hour ago? They had a guy from the Verge talking positive about the Apple Watch. Joe Kernan said that the Watch looks good and elegant. He also said that it looks much better than the junk Samsung put out. Nilay Patel, the guy from the Verge, was very negative last week when he did the review. He got ripped apart by the CNBC crew at that time. Today's video on CNBC.
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Post by CdnPhoto on Apr 13, 2015 5:47:01 GMT -8
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Ted
fire starter
Posts: 882
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Post by Ted on Apr 13, 2015 6:14:20 GMT -8
Wait, wha? A brand new Apple product has just launched and . . . .where's Elmer FUD? There must be a problem, or it's too soon and WATCH-gate will begin shortly?! Still... this isn't the FUD I'm looking for: "Apple Inc. (NASDAQ: AAPL) was reiterated as Buy with a $180 price target at Cantor Fitzgerald, with the note that the Apple Watch was off to a strong start."
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Deleted
Deleted Member
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Post by Deleted on Apr 13, 2015 6:19:58 GMT -8
I stopped reading at : Andy Hargreaves of Pacific Crest Securities....
What a moron. This guy isn't qualified to give weather in the desert.
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Post by Red Shirted Ensign on Apr 13, 2015 6:35:56 GMT -8
I stopped reading at : Andy Hargreaves of Pacific Crest Securities.... What a moron. This guy isn't qualified to give weather in the desert. How about old Trip Chowdrey (love that name) being sooooo positive? I remember when Trip said Apple was dead.
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Deleted
Deleted Member
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Post by Deleted on Apr 13, 2015 6:42:11 GMT -8
I stopped reading at : Andy Hargreaves of Pacific Crest Securities.... What a moron. This guy isn't qualified to give weather in the desert. How about old Trip Chowdrey (love that name) being sooooo positive? I remember when Trip said Apple was dead. Another guy on acid. Unlike the media, I remember these doofusses. It would be nice if price targets were realized, but these two are sell side analysts, hardly listened to by the real money players. Retail money can come in and buy on these targets, but I want to know what the institutions are planning.
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Post by artman1033 on Apr 13, 2015 6:59:13 GMT -8
WATCH SALES start April 24th. EARNINGS will be ON Monday April 27th. That will give an opportunity to give the numbers and guidance for the WATCH.
Will there be an EVENT on APRIL 21ST? A music event? New iPads?
We should know by tomorrow afternoon.
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Post by artman1033 on Apr 13, 2015 7:04:58 GMT -8
Asymco’s Horace Dediu: “I found it fascinating that the store opened at a time when almost everybody in the U.S. and Europe was asleep and China was just about to start happy hour. Therefore I must assume that sales in China are higher than in the U.S. I don’t know how reliable Slice’s samples are, but if they are accurate then 2 million pre-orders seems a reasonable estimate.” fortune.com/2015/04/13/how-many-apple-watches-were-sold-worldwide-on-friday/?xid=yahoo_fortune
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Post by macwire on Apr 13, 2015 7:42:34 GMT -8
Gap fill on deck. UGH
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Deleted
Deleted Member
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Post by Deleted on Apr 13, 2015 7:50:53 GMT -8
Asymco’s Horace Dediu: “I found it fascinating that the store opened at a time when almost everybody in the U.S. and Europe was asleep and China was just about to start happy hour. Therefore I must assume that sales in China are higher than in the U.S. I don’t know how reliable Slice’s samples are, but if they are accurate then 2 million pre-orders seems a reasonable estimate.” fortune.com/2015/04/13/how-many-apple-watches-were-sold-worldwide-on-friday/?xid=yahoo_fortuneWhy did he find it fascinating? It's old news that the order window opens 12.01am on Friday. Don't hold your breath for Apple announcing Watch #s -- I believe they said they wouldn't on the Dec. earnings call. Meanwhile, not even a rumored 2M Watch preorders can escape Darth Vader and the tractor beam.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,183
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Post by JDSoCal on Apr 13, 2015 7:51:39 GMT -8
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Post by Luckychoices on Apr 13, 2015 8:11:02 GMT -8
FUD Title: Why more analysts are downgrading Apple stock by Ben Geier
Content related to title: They’re concerned about mixed Apple Watch reviews
More analysts are downgrading Apple Stock, citing mixed reviews of its new Apple Watch wearable device and an expected quarterly downturn in iPhone sales.
Raymond James has downgraded Apple’s stock from a “market outperform” to a “market perform,” Business Insider reports. Last week, Societe Generale also noted potential problems with iPhone sales in coming quarters.
“Although the financial impact of the Apple Watch is almost immaterial near term, we are concerned that relatively muted reviews* so far could place added fear in investors’ minds about the company’s ability to launch successful new product categories,” Raymond analyst Tavis McCourt wrote in a note to investors.
Most succinct and appropriate comment to title and content: Dloomstein 24 MINUTES AGO So when you say "more" you mean one and another one?
* For examples of muted reviews at new Apple product introduction, please check the Archives of Mistaken Analysts to read the muted reviews for the iPod from the 2001 introduction, the iPhone from the 2007 introduction and the iPad from the 2010 introduction.
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Ted
fire starter
Posts: 882
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Post by Ted on Apr 13, 2015 8:17:39 GMT -8
Best bunch of comments I've ever read on the web. Click on all replies. Hilarious!
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Post by Luckychoices on Apr 13, 2015 8:17:48 GMT -8
Great link, JD. That photo, the column and the tweets are so damn funny.
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chinacat
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AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Apr 13, 2015 8:35:37 GMT -8
Braindead headline from TheStreet:
Stock Edge Higher as Nasdaq Gets a Tech Boost From Apple, Netflix, Facebook
Guess they were asleep on March 19.
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Deleted
Deleted Member
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Post by Deleted on Apr 13, 2015 8:36:00 GMT -8
That pic is crying out for a photoshop.
"Wearing the spiky wristband makes me look ridiculous, so I did."
I think someone's career just ended...
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Mav
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Post by Mav on Apr 13, 2015 8:53:38 GMT -8
Nonspecific press release from Apple on Apr. 27 followed by the first indirect but poorly hidden revenue data point in late July? Who knows.
You can always count on certain corners of WS to bring the FUD in the absence of data. What's new.
Nilay's apparent meltdown/tirade vs. Gassee or Verge being called an Apple fan blog by Gawker? Which is sillier?
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Post by rezonate on Apr 13, 2015 9:49:36 GMT -8
The "one is not enough" insight is a different wrinkle here. It won't last, but what it tells me is early adopters understand the benefits of wrist-borne communications, but don't trust the early infrastructure. So buy two and your new toy is more instantly useful (I fall into this camp - ) With iPhone or iPad, you knew how it would fit into the existing infrastructure, with phone calls and texts, or email and eReader functions. With Apple Watch, the early adopters are scratching into new territory: tactile communication. Visual and auditory communication are worked over already, just variations on a theme. But reaching out with a networked cybernetic device to *touch* someone? Game changer.
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Post by phoebear611 on Apr 13, 2015 9:50:42 GMT -8
As much as I can appreciate TC having headed everyone off at the pass by saying he would not comment on the Watch numbers - it totally sucks because it opens the door to have all these idiots come out and spew whatever comes into their heads with no filter, I might add. The way this "less than 1 million" number is being tossed around is nothing short of FACT - end of story. It doesn't matter that it is not "fact" and that the Company has not commented or said one word - it is now "fact". One lesson that TC perhaps hasn't learned (or maybe he doesn't care) is that perception becomes reality...at least for a while it does and then you need to dig yourself out a bit. Naturally the naysayers are suggesting that if the news was great on the Watch numbers TC would be eager to at least make "some" type of positive comment...and yeah, I get it. It's so hard being a fan boy/girl of AAPL at times....I'm starting to feel like a Christian in the Colosseum (or Coliseum) ....OK, OK I'm exaggerating but you get what I'm trying to say. Life just does not have to be this hard...geez!
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Deleted
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Post by Deleted on Apr 13, 2015 9:56:39 GMT -8
AAPL is probably a flat line this week, courtesy of monthly OPEX.
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Post by archibaldtuttle on Apr 13, 2015 10:06:15 GMT -8
We've seen it with Apple again and again: the company's silence is overcome by FUD, which becomes widely believed. Until and only until they destroy the FUD with earnings reports. That's why I kept saying we would see stock weakness until the July report. However, looking at the technicals, I see it's possible that we are poised for a breakout with the April report if guidance is good enough. This is the chart i've been watching: stockcharts.com/h-sc/ui?s=AAPL&p=D&yr=0&mn=10&dy=0&id=p45625789817&a=289282989We've toyed with that upper channel line as resistance for a while now, this period of sideways consolidation has been helpful for building a base and the timing is ripe for another leg higher.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Apr 13, 2015 10:29:47 GMT -8
I share the frustration, but we really have to put things in perspective. It is not the FUD-meisters who are to blame. It is the huge number of unsophisticated investors who are so sloppy in their research that they believe every headline. Whether it is a sophisticated negative PR campaign from Samsung, or a bunch of click whores banging on the FUD drums, the real responsibility lies with the person reading and reacting. As we have seen, Apple investors are just not that sophisticated. Remember how Icahn was able to move the stock when we were down in the 400's? It is just the nature of the market to move like frightened sheep back and forth between fear and greed and if we are so damn smart that we can see through it, then we should be profiting from it.
I would also note that whatever Apple's policy is on blackout dates for stock buybacks, we are almost certainly in a blackout period this close to earnings, so the bear raiders can operate with impunity for a while. A week after earnings, things should look different.
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mark
fire starter
Posts: 1,552
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Post by mark on Apr 13, 2015 10:41:49 GMT -8
As much as I can appreciate TC having headed everyone off at the pass by saying he would not comment on the Watch numbers - it totally sucks because it opens the door to have all these idiots come out and spew whatever comes into their heads with no filter, I might add. The way this "less than 1 million" number is being tossed around is nothing short of FACT - end of story. It doesn't matter that it is not "fact" and that the Company has not commented or said one word - it is now "fact". One lesson that TC perhaps hasn't learned (or maybe he doesn't care) is that perception becomes reality...at least for a while it does and then you need to dig yourself out a bit. Naturally the naysayers are suggesting that if the news was great on the Watch numbers TC would be eager to at least make "some" type of positive comment...and yeah, I get it. It's so hard being a fan boy/girl of AAPL at times....I'm starting to feel like a Christian in the Colosseum (or Coliseum) ....OK, OK I'm exaggerating but you get what I'm trying to say. Life just does not have to be this hard...geez! I wonder about something ... has anyone EVER sold a million of any mobile phone accessory in a weekend? Hmmm, maybe iPhone cases?
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Post by redinaustin on Apr 13, 2015 10:41:49 GMT -8
So Josh at CNBC tweeted: @cnbcjosh: Just spoke to Piper's Munster: says @sliceintel way too optimistic about $AAPL Watch orders; estimates 350,000 U.S. pre-orders on Friday So called him on it: @huskerbjr: .@cnbcjosh @sliceintel Please compare and contrast the methodology used by each. Thanks.
Slice replied: @sliceintel: @huskerbjr @cnbcjosh Our methodology is based on analyzing ereceipts from 2 million US online shoppers. it is the largest panel of its kind.
Nothing further from Josh or Gene
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