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Post by gtrplyr on Aug 24, 2015 6:31:11 GMT -8
This kind of nonsense would not happen if we have people who INVESTED in the market , this is a product of what our stock markets have turned into.
We need some kind of real reform because this scenario will play itself out again and again .... I would love it if Apple would delist itself and create it's own way of selling "Private Stock" in it's company. NO option bullshit ... naked shorting etc ......
"Think Different"
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Post by artman1033 on Aug 24, 2015 6:32:29 GMT -8
Moments ago the WSJ quoted Tim Cook to CNBC Cramer email.
IMHO: This is a big deal for the WSJ to quote a CNBC specific item. I expect AAPL to rebound from $103.
With Apple Inc. shares plunging on concerns that its strong growth in China will suffer from a softening economy, Chief Executive Tim Cook took the unusual step of reassuring jittery investors that its business in China is doing just fine.
“I can tell you that we have continued to experience strong growth for our business in China through July and August,” Mr. Cook wrote in an email to CNBC’s Jim Cramer. “Growth in iPhone activations has actually accelerated over the past few weeks, and we have had the best performance of the year for the App Store in China during the last 2 weeks.
“Obviously I can’t predict the future, but our performance so far this quarter is reassuring,” Mr. Cook added.
Apple typically doesn’t comment on its business apart from quarterly financial results, but Mr. Cook said he wanted to address a question “on the minds of many investors.”
Shares of Apple, the most valuable company in the world, had fallen 20% in the past month through Friday. Monday morning, they were down 2.5% in the broad market selloff.
Apple shares have been dogged by concerns that a cooling economy in China would dent demand for its products. China has been a bright spot in the company’s recent financial results.
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Post by dreamRaj on Aug 24, 2015 6:48:35 GMT -8
Congrats to all who could buy this morning! I wish I had dry powder or even margin power left to grab some.
I noticed one thing during the drop. Prices of options, medium to long term, didn't fall in proportion to the stock. Some even went up!
Here's hoping for a speedy recovery.
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Post by sponge on Aug 24, 2015 6:50:11 GMT -8
So we dropped 30% in one month and fundamentals have never been stronger. What type of an upward move to we expect in the next 4 months when proof comes out regarding sales?
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Post by sponge on Aug 24, 2015 6:51:36 GMT -8
Congrats to all who could buy this morning! I wish I had dry powder or even margin power left to grab some. I noticed one thing during the drop. Prices of options, medium to long term, didn't fall in proportion to the stock. Some even went up! Here's hoping for a speedy recovery. All my January calls have gone up Friday and today. We need to get much higher to reverse paper losses, but we have plenty of time.
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Post by chasmac on Aug 24, 2015 6:52:42 GMT -8
Prices of options, medium to long term, didn't fall in proportion to the stock. Some even went up! Volatility. I got some crappy fills but at least I got filled. Lots of others didn't. I had a market order that took several minutes before I got the fill from TDA.
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platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on Aug 24, 2015 7:32:10 GMT -8
I'm glad Tim made his statement and I'm very glad for the content...but the fact he made it at all...troubling times out there. Hope Bezos speaks soon! I agree Red. Very unusual for Cook/Apple to comment but I think you can take his comments to the bank because this type of commentary is the fuel for class action suits against companies if they are not true. I owned stocks during the Internet bubble that had these lawsuits pending for years simply for the remarks made by officials of the company who were simply cheerleading the stock. The company's ER will back up Tim's assertions. That he felt the need is troubling however.
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Post by archibaldtuttle on Aug 24, 2015 7:44:15 GMT -8
I think it's terrific that Tim took action this morning. It's exactly what we've been saying he should do -- be more proactive about countering FUD and supporting the stock price. And the fact that he did should forever put an end to the idea that he doesn't care about the stock price.
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Post by gtrplyr on Aug 24, 2015 7:45:04 GMT -8
GREEN
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Ted
fire starter
Posts: 882
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Post by Ted on Aug 24, 2015 7:54:23 GMT -8
Made use of my rainy day cash to buy some Jan 17 100s and some SWKS 80s. We shall overcome. Thanks, Tim, for the note.
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Post by sponge on Aug 24, 2015 7:57:52 GMT -8
In the pre split days, today so far would be an 111 point move.
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Post by Red Shirted Ensign on Aug 24, 2015 8:02:11 GMT -8
What a turnaround for the best company on the planet. I wish I had bought at 95 with some of you instead of 106 on Friday....but i am NOT NOT complaining....
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
Posts: 10,784
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Post by Mav on Aug 24, 2015 8:07:29 GMT -8
Rrrrrrrrreversal!
Did not participate sadly
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platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on Aug 24, 2015 8:12:44 GMT -8
Somebody is buying .
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Post by sponge on Aug 24, 2015 8:13:17 GMT -8
Rrrrrrrrreversal! Did not participate sadly Don't worry we will visit these types of moves again. I have lost track of 20%+ corrections in the last 12 years. Note to self. Keep cash after the 20 crosses the 50 and have even more cash when we drop below the 200. Buy only when RSI is at 30 or below. That happens 4x a year.
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Post by rob_london on Aug 24, 2015 8:13:50 GMT -8
As an Apple shareholder I am obviously delighted by TC's tweet regarding China but I am curious to know what the rules are in the USA for the disclosure of price sensitive information by public companies?
The FSA and Securities regulations here in the UK state:
"...companies need to release relevant information as soon as it is available; and all those who want to deal in shares should have access to the same information at the same time."
I presume Apple's lawyers ensured TC's statement to Cramer was sent ASAP to the WSJ, FT, the relevant financial authorities et al...
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Post by dreamRaj on Aug 24, 2015 8:19:07 GMT -8
I think it's terrific that Tim took action this morning. It's exactly what we've been saying he should do -- be more proactive about countering FUD and supporting the stock price. And the fact that he did should forever put an end to the idea that he doesn't care about the stock price. +1 on Tim being proactive. But not too sure that he "cares" about the stock price. This last-minute statement of his seemed necessary to him because of the rather shameful drop in price AND sentiment that AAPL AND Apple have been experiencing lately and also because there's probably no more ready cash for accelerated buybacks if the stock continues to dive if the markets get uglier than Friday. Instead of trying to save the investors at the last minute we'd prefer he drops a line or two to kill any major FUD news before it blows up. Making the best products for customers is their primary duty but being a public company it's also priority that they keep shareholders assured and happy. Okay, keeping 'em happy is stretching it, but at least some assurance is required every now and then to kill FUD and keep the shareholders from panicking.
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Post by sponge on Aug 24, 2015 8:25:33 GMT -8
I find it interesting that he spoke after we dropped to 92. He did not have to at this point.
I think the same computers who started the selling post earnings and ever since, are busy buying today. The retail crowd will join after the 200 is breached and then after 125 and 135 resistance is busted.
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Post by artman1033 on Aug 24, 2015 8:32:57 GMT -8
As an Apple shareholder I am obviously delighted by TC's tweet regarding China but I am curious to know what the rules are in the USA for the disclosure of price sensitive information by public companies? The FSA and Securities regulations here in the UK state: "...companies need to release relevant information as soon as it is available; and all those who want to deal in shares should have access to the same information at the same time." I presume Apple's lawyers ensured TC's statement to Cramer was sent ASAP to the WSJ, FT, the relevant financial authorities et al... The EMAIL was posted on CNBC BEFORE the open As far as I know: EVERYONE ELSE just reported the email to Cramer. The WSJ reported the email to Cramer ONE hour after the market opened. EMAILS are a poor form of communication to the market. WHEN did Cramer get the email? WHY Cramer?
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Post by mace on Aug 24, 2015 8:35:46 GMT -8
... That he felt the need is troubling however. Is not for us, the investors. His troops depend on RSUs and ESPPs for funding the expensive cost of living in Silicon Valley. A decent 3Br/2Ba SFH in Cupertino is hitting $2 mil and rental over $5000/month. So is for his troops.
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Post by mace on Aug 24, 2015 8:42:28 GMT -8
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Post by Odd-Lot Richard on Aug 24, 2015 8:53:28 GMT -8
Yes! I don't understand. Cramer is saying you should hold Apple, not trade it. Buying and selling Apple would just mean that you're going to get caught on the wrong side of the trade at some point. You'd be playing right into the hands of MM's with better connections and more money to move the stock. Forget Cramer. Seriously. Ignore him. Ahem.
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Post by rmhe1999 on Aug 24, 2015 9:37:14 GMT -8
MarketWatch now reporting that TC's email to Cramer may have violated SEC Federal disclosure rules.
No link for the BS article.
<cue eye roll>
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Post by 2centsplus on Aug 24, 2015 9:39:02 GMT -8
As an Apple shareholder I am obviously delighted by TC's tweet regarding China but I am curious to know what the rules are in the USA for the disclosure of price sensitive information by public companies? The FSA and Securities regulations here in the UK state: "...companies need to release relevant information as soon as it is available; and all those who want to deal in shares should have access to the same information at the same time." I presume Apple's lawyers ensured TC's statement to Cramer was sent ASAP to the WSJ, FT, the relevant financial authorities et al... Yeah I agree this doesn't seem quite right, even if it was before the open. There's no guarantee that investors who don't follow CNBC would see it in time (not to mention what Cramer could have done pre-market with it). Apple probably should have done it the way they usually do, with a press release issued to all relevant financial institutions simultaneously. There are stories beginning to pop up on MarketWatch and elsewhere that this may have violated SEC rules. But probably no biggie... just a little strange.
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Post by The Big Toe on Aug 24, 2015 9:56:50 GMT -8
As an Apple shareholder I am obviously delighted by TC's tweet regarding China but I am curious to know what the rules are in the USA for the disclosure of price sensitive information by public companies? The FSA and Securities regulations here in the UK state: "...companies need to release relevant information as soon as it is available; and all those who want to deal in shares should have access to the same information at the same time." I presume Apple's lawyers ensured TC's statement to Cramer was sent ASAP to the WSJ, FT, the relevant financial authorities et al... Yeah I agree this doesn't seem quite right, even if it was before the open. There's no guarantee that investors who don't follow CNBC would see it in time (not to mention what Cramer could have done pre-market with it). Apple probably should have done it the way they usually do, with a press release issued to all relevant financial institutions simultaneously. There are stories beginning to pop up on MarketWatch and elsewhere that this may have violated SEC rules. But probably no biggie... just a little strange. When the SEC had no problems with Uncle Carl notifying everyone about his AAPL trades via twitter, then I don't think anyone at the SEC will get upset about this. The ones making noise are the other news outlets. Nothing more than hurt feelings from a group that puts out crap stories about Apple anyways.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Aug 24, 2015 10:02:36 GMT -8
Had a really late night and woke up super late. I see AAPL is unchanged; did I miss anything?
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Post by 2centsplus on Aug 24, 2015 10:15:08 GMT -8
Had a really late night and woke up super late. I see AAPL is unchanged; did I miss anything? They came out with an iPad, Steve Jobs died, Tim Cook took over, the stock split 7 for 1, and they came out with an Apple Watch.
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Post by dreamRaj on Aug 24, 2015 10:17:59 GMT -8
I guess today the Dow jumping from 500s to 100s to 400s and so on is fun stuff
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bud777
fire starter
Posts: 1,353
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Post by bud777 on Aug 24, 2015 10:21:04 GMT -8
Had a really late night and woke up super late. I see AAPL is unchanged; did I miss anything? Naw, pretty much the same old same old
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Post by macster on Aug 24, 2015 10:33:43 GMT -8
www.macrumors.com/2015/08/24/hydrogen-fuel-cell-phone/Intelligent Energy's Hydrogen Fuel Cell Technology Can Now Fit Inside an iPhone Monday August 24, 2015 10:23 am PDT by Joe Rossignol iPhone-6-batteryBritish power technology company Intelligent Energy has developed an iPhone 6 prototype with a built-in fuel cell that supports hydrogen cartridges delivering up to a week's worth of battery life, according to The Telegraph. It also demonstrated a hydrogen-powered MacBook Air. The patented fuel cell system, reportedly poised for its first major commercial deployment in cell towers across India over the next few weeks, creates electricity based on the chemical reaction of combining hydrogen and oxygen, which produces only small amounts of water vapor and heat as waste. Intelligent Energy also introduced a hydrogen-powered iPhone charger called Upp based on the same technology last year, but its latest breakthrough has seen it fit the fuel cell portion of the technology alongside an iPhone 6 battery pack without altering the size or shape of the smartphone. Henri Winand, CEO of Intelligent Energy: To our knowledge this has never been done before. We have now managed to make a fuel cell so thin we can fit it to the existing chassis without alterations and retaining the rechargeable battery. This is a major step because if you are moving to a new technology you have to give people a path they are comfortable with. The only cosmetic difference on the iPhone 6 prototype is the addition of rear vents allowing a small amount of water vapor to escape. The Telegraph reports the device it saw at the company's Loughborough, United Kingdom headquarters also had a modified headphone socket for refuelling hydrogen gas, although likely only because it was a prototype. Intelligent Energy plans to sell a disposable cartridge that will attach to the bottom of a smartphone and provide enough hydrogen-releasing powder "for a week of normal use," and the company's corporate finance chief Mark Lawson-Statham vaguely mentions having a "partner" on board -- speculated to be Apple, although both companies declined to comment as expected. Nevertheless, the rumours and clues are overwhelming. Apple has a series of patents around fuel cell technology on public record. In recent research on Intelligent Energy, Zeus Capital analyst Dr Tom McColm wrote that he believes it is working closely with Apple. The iPhone 6 and iPhone 6 Plus are powered by 1,810 mAh and 2,915 mAh lithium-ion batteries respectively.
Thinking Car.......
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