|
Post by phoebear611 on Apr 29, 2015 16:09:30 GMT -8
It's my understanding that the Company has NOT commented on ANY of reports but I'm not 100% sure. Anyone confirm that?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 29, 2015 16:16:46 GMT -8
And BTW, even assuming the EU prevails (a big stretch IMO), Apple has already accrued the taxes. Whatever it pays out will impact cash, but the tax it pays will reduce the deferred tax amount on its balance sheet (more to Europe and less to U.S.). Penalties are a different matter, but I would think any deal -- if one has to be made -- will be negotiated and a partial waiver of penalties could be a bargaining chip.
As usual AppleInsider uses sloppy language in the story, as taxes and penalties are different animals.
Apple isn't the only company utilizing these tax strategies FWIS. The whole thing is a reflection of the EU being broke than it is about Apple's tax strategy hanging out there on skinny branches.
|
|
|
Post by phoebear611 on Apr 29, 2015 16:25:37 GMT -8
The Verge is carrying sensational headlines like: Apple reportedly has a big problem with defective Apple Watches and goes on to say that "... it's possible some faulty watches made it out into the world..." gimme a frigging break already! At the risk of insulting just about everyone on this forum: the general public has the damn nerve to say that women are a bunch of gossipmongers - wtf do you call this piece of crap!? I need a drink. This has gotten silly. We have earthquakes in Nepal and riots in Baltimore and these frigging idiots reporting on this shit like it's the most important thing happening in the world today. What the hell is wrong with these people? They need to get a life!
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 29, 2015 16:33:03 GMT -8
The Verge is carrying sensational headlines like: Apple reportedly has a big problem with defective Apple Watches and goes on to say that "... it's possible some faulty watches made it out into the world..." gimme a frigging break already! At the risk of insulting just about everyone on this forum: the general public has the damn nerve to say the women are a bunch of gossipmongers - wtf do you call this piece of crap!? I need a drink. This has gotten silly. We have earthquakes in Nepal and riots in Baltimore and these frigging idiots reporting on this shit like it's the most important thing happening in the world today. What the hell is wrong with these people? They need to get a life! The Verge and Business Insider are two peas in a rotten pod where Apple is concerned. I never go there. Perspective is important: Nepal and Baltimore.
|
|
|
Post by phoebear611 on Apr 29, 2015 16:36:21 GMT -8
Oh Lordy Lordy ... Red you are Major League screwed once you get your watch : Tattoo Gate has arrived: Tattoos Can Cause Apple Watches to Malfunctionnews.sky.com/story/1474194/tattoos-can-cause-apple-watches-to-malfunctionYou just knew there would be something ridiculous said at some point, no? (Oops! looks like someone mentioned Tattoo-Gate earlier in the day. Must have missed it.)
|
|
JDSoCal
Member
Aspiring oligarch
Posts: 4,183
|
Post by JDSoCal on Apr 29, 2015 16:43:02 GMT -8
Perhaps I am guilty of scanning the board's posts too quickly today, but are AFB's denizens really arguing the merits of Trip "Apple has 90 days to ship a watch" Chowderhead's opinions?
|
|
|
Post by mace on Apr 29, 2015 17:29:19 GMT -8
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. Well, mostly likely in wave 5.v.(2) , opinion changes if drop below 13-week EMA/ 50-day EMA/ $126. Since Monday usually pops, Friday could be the low as Mercel wants, $126, just above max pain of $125, and tomorrow counter-trend up. Normally, market suckered both bulls (got suckered on Tuesday and Wednesday) and bears (suckered on Monday).
|
|
bud777
fire starter
Posts: 1,352
|
Post by bud777 on Apr 29, 2015 17:53:00 GMT -8
The Verge is carrying sensational headlines like: Apple reportedly has a big problem with defective Apple Watches and goes on to say that "... it's possible some faulty watches made it out into the world..." gimme a frigging break already! At the risk of insulting just about everyone on this forum: the general public has the damn nerve to say that women are a bunch of gossipmongers - wtf do you call this piece of crap!? I need a drink. This has gotten silly. We have earthquakes in Nepal and riots in Baltimore and these frigging idiots reporting on this shit like it's the most important thing happening in the world today. What the hell is wrong with these people? They need to get a life! In 1982, I did a trek around Annapurna. The group met in Kathmandu so we had a few days to see the city before and after the trek. My whole focus then was on the mountains, I knew nothing about Nepal and it's culture. At breakfast a fellow trekker suggested walking through the Thamal to Durbar Square. I had no idea what I would see, but followed him through the winding narrow streets. It was like traveling back in time to the 14th century. When I approached the square, I saw a heavy fog that obscured everything higher than the first story of the buildings. Even at that, it was the most exotic sight I could imagine. I was entranced, but then the fog began to lift, like a curtain unveiling wonders beyond description. What I thought were simple buildings were elaborate pagodas reaching several stories. As the fog lifted over the next five minutes, I knew that I has seen something that would never be repeated. I returned to Nepal with my family in 1994. It was just as magical. This has been a week of loss far greater than anything the market will do. The Nepalese people are some of the finest people I have ever known. This loss is far greater than Katrina or 911. They have lost a part of their soul. Please consider doing what you can to help
|
|
|
Post by incorrigible on Apr 29, 2015 17:57:27 GMT -8
I did what I could. For those interested, MAP International gives 98% of your donation to the cause. Better than most.
|
|
|
Post by tuffett on Apr 29, 2015 18:08:33 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! If it's such an obvious and repeatable thing, I hope you were shorting or buying puts at $134.xx. Easy money, right?
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 29, 2015 18:41:07 GMT -8
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! If it's such an obvious and repeatable thing, I hope you were shorting or buying puts at $134.xx. Easy money, right? Most of us are AAPL longs here, seeking to improve our portfolio by investing in a company that has fundamentals without peer. Long term, AAPL should seek and attain a fair valuation. Options are creating a tail that wags the dog. I refuse to play the game of weekly options, as it's hijacking this stock's fair value, at least relative to similarly performing companies. Buying weekly calls or even selling them (there's no call buyer without a seller) isn't something in which I'm going to participate. Buying puts isn't currently playing the same kind of havoc with the stock, but it's the other side of a coin that has the potential to influence the stock's short term valuation, which is currently a negative influence. Week after week, short term has become long term. Next week, the open interest will drop like a rock for two reasons: 1. No earnings report and 2. the weekly players have been scorched so badly of late they need what's left of their resources for skin grafts. The FUD today from two different directions didn't help, but $460k contracts for weeklies is one big F'ing elephant.
|
|
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 18:52:23 GMT -8
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! If it's such an obvious and repeatable thing, I hope you were shorting or buying puts at $134.xx. Easy money, right? I was not shorting at $134... I don't care how many times a blowout quarter goes unrewarded, I will not short AAPL after results like these. Apple buying back their own stock is a trading game changer.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 29, 2015 19:10:24 GMT -8
I agree. Don't be fooled by this week's action; WS can do the arithmetic.
The new $50B commitment to repurchase stock will buy approx. 400M shares! Think about that. And who among us thinks Apple won't continue to print cash to buy even more back. This sets a floor -- not sure where that is, exactly, but I too think it's crazy stupid to short a Company with the firepower to carpet bomb the forest with bear traps.
Apple knows its product pipeline better than the channel checking pundits. At today's price, and anything below it, I expect Apple is going to be quite active.
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
|
Post by chinacat on Apr 29, 2015 19:30:14 GMT -8
Perhaps I am guilty of scanning the board's posts too quickly today, but are AFB's denizens really arguing the merits of Trip "Apple has 90 days to ship a watch" Chowderhead's opinions? Nope, just finding something to laugh about during this maddening period.
|
|
Deleted
Deleted Member
Posts: 0
|
Post by Deleted on Apr 29, 2015 20:47:46 GMT -8
Here's another way of looking at the $50B commitment for buybacks. This amount will buy more than what Apple's largest institutional owner (Vanguard) currently holds. By comparison, Carl Icahn owns 50M shares. Apple is the equivalent of 8 Carl Icahn's standing up to say the stock is undervalued.
Instead of spotlighting a mammoth new buyer of the stock (Apple), the media jerks off over a defective part that was caught back in February. Really??
Pageview journalism at its best.
|
|