Since84
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To infinity and beyond!
Posts: 3,933
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Post by Since84 on May 6, 2015 2:22:18 GMT -8
Good morning everyone. Frustrated. And AAPL is GREEN in premarket, trading at 126.23 +0.43 (0.34%) as of 6:15AM. Such a tease. Major US Indices are all GREEN as well. Could this be real? In the news: Well the FTC is investigating Apple's foray's into music streaming. Story at Bloomberg and others. More faint praise for Watch, this time from AP. Has anyone else noticed a distinctly anti-Apple tone at AP? Bloomberg reported Home Depot Aiming to Put Apple Pay in Its 2,000 Stores. Interestingly, I shop at Home Depot and they've accepted Pay all along... until yesterday. The error message was 'payment type not accepted'. Have a 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 May 6, 2015 2:31:23 GMT -8
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Post by rob_london on May 6, 2015 3:18:06 GMT -8
Latest survey data from Kantar was published this morning: "Apple’s iPhone 6 and 6 Plus already represent 18% of all iPhones in use in the U.S., and 64% of the iPhone installed base is an iPhone 5 or newer" www.kantarworldpanel.com/global/News/Android-Switchers-Drive-iOS-Growth-in-Europes-Big-Five-CountriesAnalysts worry about the slowing of future iPhone sales but the Kantar data shows that iOS adoption is still very low in several developed and developing economies: i.e. France 19%, Germany 18%, Italy 18%, Mexico 6%, Brazil 3%.
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Post by phoebear611 on May 6, 2015 3:29:45 GMT -8
If you didn't get a chance to read bud777's comments last night on our Board that were also posted over at Braeburn yesterday morning - worth taking a quick glance. It really sums up the mood ~ well written. Today is the last day you can buy the stock before it goes XD tomorrow. Just a little reminder.
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Post by phoebear611 on May 6, 2015 3:35:32 GMT -8
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Post by phoebear611 on May 6, 2015 4:12:03 GMT -8
Apple announces seven-tranche U.S. Dollar benchmark bond to buy back stock & finance dividends - Reuters
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Post by chasmac on May 6, 2015 4:39:52 GMT -8
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Post by Red Shirted Ensign on May 6, 2015 5:31:59 GMT -8
Huge
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Post by tuffett on May 6, 2015 5:44:23 GMT -8
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Deleted
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Post by Deleted on May 6, 2015 6:07:22 GMT -8
Weekly open interest suggests $127-$127 on Friday, depending on overall market behavior, which currently sucks.
Apple has $60B committed to buying its shares back. That alone, at today's share price, is almost 500M shares. WS: Are you awake?
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Post by macwire on May 6, 2015 6:12:03 GMT -8
This price behavior is not healthy at all.
Be well people and use stops.
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Post by rickag on May 6, 2015 6:22:40 GMT -8
What I am afraid of is WS sees Apple growing in the next few years @ only 13 - 14%. Then a PEG of 1.0 would mean AAPL would drop down in the range of $110. (110/8.09)/13.5 = ~1.0
What say the EW experts? Is $110 on one of the fib ranges?
Wall Street is so short sighted. China sales growing and will continue to grow. Europe iPhone sales are increasing rapidly. India is yet a very untapped market along with South America. Apple Watch won't be a game changer but will add to revenue and bottom line, probably add incrementally to iPhone sales. Apple TV might not be a game changer, but at minimum will add incrementally, possibly significantly. Mac sales continue to defy the declining market. Services will increase $ to the bottom line, where to begin? And now we find out Apple developed a web crawler, are they looking at a search engine across platforms?
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Post by mace on May 6, 2015 6:38:03 GMT -8
The obvious range of price to go to is $119-$104 if the retracement continues. That is the congestion between early Dec 2014 to mid Jan this year. However, $120 is a very strong support.
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Post by archibaldtuttle on May 6, 2015 6:49:25 GMT -8
It's always darkest before the dawn?
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Since84
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To infinity and beyond!
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Post by Since84 on May 6, 2015 7:05:08 GMT -8
Consider the headlines " Apple Dives Again Into Bond Market". Many skimming headlines will focus on the "Apple Dives Again". Intentional or not? And from the WSJ, no less. At last we're off the lows and poised to go, dare I say it, green.
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Post by mace on May 6, 2015 7:25:24 GMT -8
It's always darkest before the dawn? That's depends on Tim Cook. Is $125 dark enough?
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Post by phoebear611 on May 6, 2015 7:25:59 GMT -8
There was always a chance in a weak market that it could go to the low 120s. There was a $122ish number that I had read (122.79 to be exact) but nothing is ever exact. It did get pretty close this morning so I'm not sure yet where we stand as of this moment.
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Post by archibaldtuttle on May 6, 2015 7:38:58 GMT -8
There's the Apple uncertainty and doubt, and then there's the general market deleveraging / fear of a crash. As the most widely held retail stock, AAPL suffers disproportionately.
Today Janet Yellen is out with words signaling she will not support the stock market at current prices like Bernanke did...
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Post by tuffett on May 6, 2015 7:40:41 GMT -8
I don't think Apple has anywhere near $60B to buy back shares right now. That amount of money is expected to be used over the next two years. They need to raise funding first, as they're starting to do now. They can probably only do a few billion right now with their domestic cash on hand, while retaining an appropriate amount for operations/contingency.
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Post by Lstream on May 6, 2015 7:48:27 GMT -8
I found this Apple Watch Review by a young lady with Usher Syndrome to be particularly inspiring read. Some people get dealt a really tough hand in life, but manage to shine through brightly no matter what.
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Post by incorrigible on May 6, 2015 7:53:07 GMT -8
I don't think Apple has anywhere near $60B to buy back shares right now. That amount of money is expected to be used over the next two years. They need to raise funding first, as they're starting to do now. They can probably only do a few billion right now with their domestic cash on hand, while retaining an appropriate amount for operations/contingency. Hence the "dive" onto the bond market.
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chinacat
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AAPL Long since 2006
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Post by chinacat on May 6, 2015 8:24:52 GMT -8
I found this Apple Watch Review by a young lady with Usher Syndrome to be particularly inspiring read. Some people get dealt a really tough hand in life, but manage to shine through brightly no matter what. Perfect day to post this. Kinda puts a temporary pause for the climb of AAPL into perspective. Thanks
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Deleted
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Post by Deleted on May 6, 2015 8:51:27 GMT -8
I don't think Apple has anywhere near $60B to buy back shares right now. That amount of money is expected to be used over the next two years. They need to raise funding first, as they're starting to do now. They can probably only do a few billion right now with their domestic cash on hand, while retaining an appropriate amount for operations/contingency. You misread it. Apple isn't going to buy $60B "right now." It has committed to buy another $50B on top of the $10B left over from last year's commitment. This is scheduled through Dec. '17, although at these prices, sooner the better. News broke today re: Apple going to the bond market. Whatever Apple wants to buy, it can without much trouble.
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Deleted
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Post by Deleted on May 6, 2015 8:56:01 GMT -8
Apple's earns approx. 60% of its annual net income in the Dec and Mar quarters. Net income for these two quarters of FY 2015 is $32B Divide by 60% and net income might reach $53B. If Apple buys back shares evenly over the next 32 months (conservative thinking), even a P/E of 16 by September gives you $147 per share.
Longs will make money in AAPL. The weekly players, not so much.
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Deleted
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Post by Deleted on May 6, 2015 9:03:41 GMT -8
And since WS is either 1. too dumb or 2. plain busted (or both), $60B buys almost 10% of the company back at today's PPS. With a P/E of 16 applied to the bigger EPS from the lower share count, it produces almost an additional $12 per share, assuming the $60B purchased shares at an average price of $140 >>Note to Tim: Buy as much as you can as soon as you can.
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Post by tuffett on May 6, 2015 9:38:21 GMT -8
I don't think Apple has anywhere near $60B to buy back shares right now. That amount of money is expected to be used over the next two years. They need to raise funding first, as they're starting to do now. They can probably only do a few billion right now with their domestic cash on hand, while retaining an appropriate amount for operations/contingency. You misread it. Apple isn't going to buy $60B "right now." It has committed to buy another $50B on top of the $10B left over from last year's commitment. This is scheduled through Dec. '17, although at these prices, sooner the better. News broke today re: Apple going to the bond market. Whatever Apple wants to buy, it can without much trouble. Yes. My post is more in response to the people questioning why Apple isn't aggressively buying back billions of dollars worth of shares during this little sell-off. They can probably only do a "few" billion until the bond issuance. Can anyone ballpark a number?
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Post by nagrani on May 6, 2015 10:17:44 GMT -8
10 b
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Post by incorrigible on May 6, 2015 10:34:55 GMT -8
IMHO we are starting a bear market. Nothing AAPL can do but follow. Apple can, however, buyback shares cheap.
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Post by bribery on May 6, 2015 10:35:07 GMT -8
Could anyone please help? I just received a scary note from my broker, regarding the position below (bull call spread with strikes 92.86/100 which I've held for over a year) Position: cloudup.com/cCwPdTW7zxc"This email is to inform you of the potential dividend risk associated with your short call option position in Apple Inc (AAPL) which is trading ex-dividend tomorrow, May 7, 2015. If assigned, you will be short stock as of May 6, 2015, and therefore responsible to PAY the dividend on the dividend pay date." I'm not sure if I should try to sell or what. Any non-advice is much welcome. I'll act on my own behalf for sure.
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Deleted
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Post by Deleted on May 6, 2015 10:41:32 GMT -8
IMHO we are starting a bear market. Nothing AAPL can do but follow. Apple can, however, buyback shares cheap. Two down days and it's the start of a bear market? Isn't a that a tad premature? Of course, the media clangs such bells on each down day.
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