|
Post by moltenfire on Apr 29, 2015 12:32:45 GMT -8
I just got a CNBC push alert at 4:29p EDT that says (sic) "Apple found defects Apple Watch: DJ, citing sources".
Is this the stupid tattoo story, or something else?
|
|
|
Post by infohunter on Apr 29, 2015 12:32:57 GMT -8
Now what??
Apple found defects Apple Watch: DJ, citing sources......
|
|
|
Post by rob_london on Apr 29, 2015 12:41:32 GMT -8
|
|
|
Post by joel90069 on Apr 29, 2015 12:43:52 GMT -8
Perhaps that accounts for low supply at launch.
|
|
|
Post by hamourabi on Apr 29, 2015 12:47:14 GMT -8
|
|
|
Post by joel90069 on Apr 29, 2015 12:48:00 GMT -8
|
|
|
Post by moltenfire on Apr 29, 2015 12:52:13 GMT -8
Well it's better to catch it before shipping than having it fail in mass quantities after it arrived in customers' hands. Way to go QA!
|
|
|
Post by joel90069 on Apr 29, 2015 12:58:20 GMT -8
Yes definitely. This seems more like CNBC drama queens running with a story that really isn't there.
|
|
|
Post by phoebear611 on Apr 29, 2015 12:58:27 GMT -8
But these assholes shoot first and ask questions later - they hit the stock in AH just assuming that they all got shipped with defective parts. No one waited to hear the full story. Imbeciles.
|
|
|
Post by artman1033 on Apr 29, 2015 13:06:09 GMT -8
for goodness sake! how hard is it to make a good vibrator? As I understand, having NO experience myself, this should not be an issue.
|
|
|
Post by mace on Apr 29, 2015 13:08:19 GMT -8
Hey Mace - what are you seeing out there? Are you getting any clarity in your chart work or is it murky? Anything you can share yet? I'm waiting for your update from EWI . Today confirmed bearish engulfing (usually reliable) candlestick pattern... not good. Also, bearish divergence with RSI. I guess, so long is not below $120, no risk of like Sep 2012 . From EW perspective, clearly $134.54 finished some kind of wave five. Figuring which degree is the BIGGEST issue. If Primary degree, decline to $100. If Intermediate degree, decline to $120. If Minor degree, not likely to be lower than $126... going down fast AH because of the Irish tax issue hit wire.
|
|
|
Post by phoebear611 on Apr 29, 2015 13:16:51 GMT -8
Maybe I am just naive or perhaps too honest or perhaps I am honest because I could never remember any of my lies if I told any so I would get caught in a New York minute but in in looking back at the Angie video I'm thinking - why didn't she just tell her people this? As a person who is a customer I am happier that it was caught versus that it was shipped with the defect and now I am not as irritated that it was so delayed- it suddenly seems reasonable.
|
|
|
Post by artman1033 on Apr 29, 2015 13:18:47 GMT -8
Hey Mace - what are you seeing out there? Are you getting any clarity in your chart work or is it murky? Anything you can share yet? I'm waiting for your update from EWI . Today confirmed bearish engulfing (usually reliable) candlestick pattern... not good. Also, bearish divergence with RSI. I guess, so long is not below $120, no risk of like Sep 2012 . From EW perspective, clearly $134.54 finished some kind of wave five. Figuring which degree is the BIGGEST issue. If Primary degree, decline to $100. If Intermediate degree, decline to $120. If Minor degree, not likely to be lower than $126... going down fast AH because of the Irish tax issue hit wire. The Company could be subject to changes in its tax rates, the adoption of new U.S. or international tax legislation or exposure to additional tax liabilities. The Company is subject to taxes in the U.S. and numerous foreign jurisdictions, including Ireland, where a number of the Company’s subsidiaries are organized. Due to economic and political conditions, tax rates in various jurisdictions may be subject to significant change. The Company’s future effective tax rates could be affected by changes in the mix of earnings in countries with differing statutory tax rates, changes in the valuation of deferred tax assets and liabilities, or changes in tax laws or their interpretation, including in the U.S. and Ireland. For example, in June 2014, the European Commission opened a formal investigation of Ireland to examine whether decisions by the tax authorities with regard to the corporate income tax to be paid by two of the Company’s Irish subsidiaries comply with European Union rules on state aid. If the European Commission were to conclude against Ireland, it could require Ireland to recover from the Company past taxes covering a period of up to 10 years reflective of the disallowed state aid, and such amount could be material. www.sec.gov/Archives/edgar/data/320193/000119312515153166/d892246d10q.htm This Quarter The Company could be subject to changes in its tax rates, the adoption of new U.S. or international tax legislation or exposure to additional tax liabilities. The Company is subject to taxes in the U.S. and numerous foreign jurisdictions, including Ireland, where a number of the Company’s subsidiaries are organized. Due to economic and political conditions, tax rates in various jurisdictions may be subject to significant change. The Company’s future effective tax rates could be affected by changes in the mix of earnings in countries with differing statutory tax rates, changes in the valuation of deferred tax assets and liabilities, or changes in tax laws or their interpretation, including in the U.S. and Ireland. For example, in June 2014, the European Commission opened a formal investigation to examine whether decisions by the tax authorities in Ireland with regard to the corporate income tax to be paid by two of the Company’s Irish subsidiaries comply with European Union rules on state aid. If the European Commission were to take a final decision against Ireland, it could require Ireland to recover from the Company past taxes reflective of the disallowed state aid. www.sec.gov/Archives/edgar/data/320193/000119312515023697/d835533d10q.htm December quarter
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,183
|
Post by JDSoCal on Apr 29, 2015 13:33:45 GMT -8
No words for today. Couldn't take back a third of yesterday's bar then flirted with yesterday's lows all morning before breaking decisively to the downside Textbook, honestly. Textbook what? honestly curious to know what you mean... Apparently a different TA textbook than this guy reads: Apple is about to break out. Here's why: TechnicianI only kid because I care.
|
|
|
Post by tuffett on Apr 29, 2015 13:42:31 GMT -8
A little worrisome...technicals (according to some), tax issues, watch production issues, lower watch margins...sounds like a perfect storm for a correction. I hope I'm wrong.
|
|
|
Post by phoebear611 on Apr 29, 2015 13:56:33 GMT -8
Hey Mace - what are you seeing out there? Are you getting any clarity in your chart work or is it murky? Anything you can share yet? I'm waiting for your update from EWI . Today confirmed bearish engulfing (usually reliable) candlestick pattern... not good. Also, bearish divergence with RSI. I guess, so long is not below $120, no risk of like Sep 2012 . From EW perspective, clearly $134.54 finished some kind of wave five. Figuring which degree is the BIGGEST issue. If Primary degree, decline to $100. If Intermediate degree, decline to $120. If Minor degree, not likely to be lower than $126... going down fast AH because of the Irish tax issue hit wire. They are torn between minor and intermediate as of this moment ... A few would start to step in at $126 while others think we have the potential to visit the March lows and are throwing around the $122 number. TC should really invest in a finance person to explain to him how these markets cause his company to lose billions in market cap and its true investors become discouraged due to end of week market fluctuations. I know his focus needs to be elsewhere but that's why he should hire smart folks around him. It's been so frustrating this week.
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
|
Post by chinacat on Apr 29, 2015 14:11:33 GMT -8
TC should really invest in a finance person to explain to him how these markets cause his company to lose billions in market cap and its true investors become discouraged due to end of week market fluctuations. I know his focus needs to be elsewhere but that's why he should hire smart folks around him. ...or, as was referenced above, just replace him with Jon Rubinstein. I know that you have been frustrated for several reasons lately, but to imagine that we have enough information about the inner workings of Apple to believe that we know better than Tim Cook how to deal with what's happening...well, it sounds to me a lot like Trip Chowdry demanding that Luca Maestri be fired.
|
|
|
Post by macwire on Apr 29, 2015 14:22:18 GMT -8
At the level of volume it is not just options MM. It cannot be and would not be.
|
|
|
Post by redinaustin on Apr 29, 2015 14:25:36 GMT -8
Check out these cool app layouts for the Watch @capmac: Apple Watch users show off their creativity with custom app layouts t.co/sxZ9nPC98l
|
|
|
Post by phoebear611 on Apr 29, 2015 14:27:41 GMT -8
And for the icing on the cake ... 2 watches just arrived ... neither is mine. Mine is still shipping in June. Damn! When I called Apple to tell them that I neglected to mark them down as a gift and was going to give them to my kids and wanted to know if I needed to do anything - they looked up my orders and asked, "How did you order FIVE watches? It was 2 per customer?" I said, "I don't know. I ordered and you guys processed. Not my issue. If I were you I would leave everything else alone unless you want a PR nightmare on your hands right now because I still don't have MY WATCH." So she said, "Oh no...it's not my decision. If it went thru then good for you I guess." That was an interesting conversation I'm losing it...my frustration is boiling over into everything... that poor AAPL employee probably thought she was speaking to a Mob Wife...ugh.
|
|
|
Post by rezonate on Apr 29, 2015 14:41:53 GMT -8
And for the icing on the cake ... 2 watches just arrived ... neither is mine. I'm losing it...my frustration is boiling over into everything... that poor AAPL employee probably thought she was speaking to a Mob Wife...ugh. Right there with ya. Can't get close to the watch Mrs Rez is wearing now. It's like her precious or something. My CC was charged two days ago, and today I get a "shipped" email, with tomorrow delivery, but history says it'll take 2 days, and UPS only shows the label, nothing in the system. So, what to believe? There has got to be some kind of back-door system between Apple and shippers that has a really slow database propagation issue. Sigh.
|
|
|
Post by Lstream on Apr 29, 2015 14:53:09 GMT -8
And for the icing on the cake ... 2 watches just arrived ... neither is mine. Mine is still shipping in June. Damn! When I called Apple to tell them that I neglected to mark them down as a gift and was going to give them to my kids and wanted to know if I needed to do anything - they looked up my orders and asked, "How did you order FIVE watches? It was 2 per customer?" I said, "I don't know. I ordered and you guys processed. Not my issue. If I were you I would leave everything else alone unless you want a PR nightmare on your hands right now because I still don't have MY WATCH." So she said, "Oh no...it's not my decision. If it went thru then good for you I guess." That was an interesting conversation I'm losing it...my frustration is boiling over into everything... that poor AAPL employee probably thought she was speaking to a Mob Wife...ugh. A whole bunch of June deliveries just went to August, including mine. Keep your fingers crossed this does not happen to you. There are no firearms or explosives near your computer, right?
|
|
|
Post by artman1033 on Apr 29, 2015 15:05:17 GMT -8
|
|
|
Post by archibaldtuttle on Apr 29, 2015 15:12:24 GMT -8
Is anybody honestly surprised to see the FUD-meisters creating another Apple product "-gate"?
This is why I thought we'd be stuck in the 120s until the July report happens. Since Apple isn't telling anyone about Watch sales numbers, FUD is left to fill the gaps.
The last earnings report was stellar. But the market and the media is again consumed with Apple-is-doomed-itis because the state of their future product is "in doubt." Well, it's going to continue to be in doubt until the revenue in that "Other" category balloons into a state where success can no longer be denied.
If the Operations team can't turn around supply by the end of June, then sales won't be reflected in the earnings report until the *following* quarter, so we could be in doldrums for even longer...
|
|
jz
Member
"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 162
|
Post by jz on Apr 29, 2015 15:35:25 GMT -8
426,000 (!) call contracts with strikes over $130 need to expire worthless on Friday before AAPL has a chance to move toward a reasonable valuation ($140 - $160). Anyone left who thinks open interest isn't playing a role this week? Head scratchers for me. Given that: Goldman, in charge of AAPL buybacks, publicizes "good time to buy" when AAPL's pre-earnings buyback timeout kicked in. Apple can resume buying tomorrow. Apple certainly benefits when their stock goes up, but it also benefits when it goes down exactly when they want to buy some back. Given that Goldman presumably knows when and how much AAPL will/won't be bought, it seems fairly easy money for some of their other (Options) departments/friends armed with that knowledge. My (premature) bet and short-term dream sees Apple backing up the truck because, don't you think, it must be even more frustrating to the Apple team than to AFB to see their stock so unfairly undervalued. But if Apple starts buying heavily tomorrow and screws the options shorts, one of the market makers taking a hit won't be Goldman. How can they not know what is going to happen, they are orchestrating it, yes? Looking at the open contracts, I see more puts then calls from 129 strike and below, should provide support. I think, comrades, it is a safe. lucrative and good time to be brave. Crystal balls: AAPL sinks lower premarket, goes down for the first 10 minutes and then reverse hard. We finish Friday just under 130. Start a climb to a much more reasonable PE in postmarktet Friday, premarket Monday and Monday open/close. If right, I get to wear Mercel's hat for a day.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 29, 2015 15:40:04 GMT -8
426,000 (!) call contracts with strikes over $130 need to expire worthless on Friday before AAPL has a chance to move toward a reasonable valuation ($140 - $160). Anyone left who thinks open interest isn't playing a role this week? Head scratchers for me. Given that: Goldman, in charge of AAPL buybacks, publicizes "good time to buy" when AAPL's pre-earnings buyback timeout kicked in. Apple can resume buying tomorrow. Apple certainly benefits when their stock goes up, but it also benefits when it goes down exactly when they want to buy some back. Given that Goldman presumably knows when and how much AAPL will/won't be bought, it seems fairly easy money for some of their other (Options) departments/friends armed with that knowledge. My (premature) bet and short-term dream sees Apple backing up the truck because, don't you think, it must be even more frustrating to the Apple team than to AFB to see their stock so unfairly undervalued. But if Apple starts buying heavily tomorrow and screws the options shorts, one of the market makers taking a hit won't be Goldman. How can they not know what is going to happen, they are orchestrating it, yes? Looking at the open contracts, I see more puts then calls from 129 strike and below, should provide support. I think, comrades, it is a safe and good time to be brave. Agree. Those who don't think 426 THOUSAND contracts are not part of this are in denial. How many weeks does a pattern have to repeat itself before you chart drawers put away the straight edge? I agree that $128-$129 provide some support, coupled with Apple's ability to buy, starting tomorrow. Still, I'm not convinced we get much more than that this week. Let the weekly players go broke first!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 29, 2015 15:46:24 GMT -8
And for the icing on the cake ... 2 watches just arrived ... neither is mine. Mine is still shipping in June. Damn! When I called Apple to tell them that I neglected to mark them down as a gift and was going to give them to my kids and wanted to know if I needed to do anything - they looked up my orders and asked, "How did you order FIVE watches? It was 2 per customer?" I said, "I don't know. I ordered and you guys processed. Not my issue. If I were you I would leave everything else alone unless you want a PR nightmare on your hands right now because I still don't have MY WATCH." So she said, "Oh no...it's not my decision. If it went thru then good for you I guess." That was an interesting conversation I'm losing it...my frustration is boiling over into everything... that poor AAPL employee probably thought she was speaking to a Mob Wife...ugh. A whole bunch of June deliveries just went to August, including mine. Keep your fingers crossed this does not happen to you. There are no firearms or explosives near your computer, right? Interesting. Most of the watches online still show availability in June.
|
|
|
Post by nagrani on Apr 29, 2015 15:50:14 GMT -8
426,000 (!) call contracts with strikes over $130 need to expire worthless on Friday before AAPL has a chance to move toward a reasonable valuation ($140 - $160). Anyone left who thinks open interest isn't playing a role this week? Head scratchers for me. Given that: Goldman, in charge of AAPL buybacks, publicizes "good time to buy" when AAPL's pre-earnings buyback timeout kicked in. Apple can resume buying tomorrow. Apple certainly benefits when their stock goes up, but it also benefits when it goes down exactly when they want to buy some back. Given that Goldman presumably knows when and how much AAPL will/won't be bought, it seems fairly easy money for some of their other (Options) departments/friends armed with that knowledge. My (premature) bet and short-term dream sees Apple backing up the truck because, don't you think, it must be even more frustrating to the Apple team than to AFB to see their stock so unfairly undervalued. But if Apple starts buying heavily tomorrow and screws the options shorts, one of the market makers taking a hit won't be Goldman. How can they not know what is going to happen, they are orchestrating it, yes? Looking at the open contracts, I see more puts then calls from 129 strike and below, should provide support. I think, comrades, it is a safe. lucrative and good time to be brave. Crystal balls: AAPL sinks lower premarket, goes down for the first 10 minutes and then reverse hard. We finish Friday just under 130. Start a climb to a much more reasonable PE in postmarktet Friday, premarket Monday and Monday open/close. If right, I get to wear Mercel's hat for a day. Interesting point. Also - every share they purchase now also comes with a slight discount since they won't have to pay out a dividend for that share.
|
|
jz
Member
"Study the natural order of things and work with it rather than against it." -- Lao Tsu
Posts: 162
|
Post by jz on Apr 29, 2015 15:59:25 GMT -8
Head scratchers for me. Given that: Goldman, in charge of AAPL buybacks, publicizes "good time to buy" when AAPL's pre-earnings buyback timeout kicked in. Apple can resume buying tomorrow. Apple certainly benefits when their stock goes up, but it also benefits when it goes down exactly when they want to buy some back. Given that Goldman presumably knows when and how much AAPL will/won't be bought, it seems fairly easy money for some of their other (Options) departments/friends armed with that knowledge. My (premature) bet and short-term dream sees Apple backing up the truck because, don't you think, it must be even more frustrating to the Apple team than to AFB to see their stock so unfairly undervalued. But if Apple starts buying heavily tomorrow and screws the options shorts, one of the market makers taking a hit won't be Goldman. How can they not know what is going to happen, they are orchestrating it, yes? Looking at the open contracts, I see more puts then calls from 129 strike and below, should provide support. I think, comrades, it is a safe and good time to be brave. Agree. Those who don't think 426 THOUSAND contracts are not part of this are in denial. How many weeks does a pattern have to repeat itself before you chart drawers put away the straight edge? I agree that $128-$129 provide some support, coupled with Apple's ability to buy, starting tomorrow. Still, I'm not convinced we get much more than that this week. Let the weekly players go broke first! Wouldn't it be great to know ahead of time Goldman's positions?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 29, 2015 16:08:01 GMT -8
I'm not convinced GS retains this kind of pure advantage. There should be some kind of firewall that precludes GS from cashing in on its position in such an overt way. This wouldn't be enough to make GS executives blush, however, as they've gotten away with far worse during the financial crisis.
|
|