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Post by rickag on Aug 26, 2015 3:28:11 GMT -8
AAPL is up over $2 in premarket. My connection to the web is slow right now so I' leave my intro to, Repeat of yesterday, hope not, hope the gains stick this time.
Just looked @ MaxPain and AAPL pain, don't think much help there, but both are around $110.
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Post by rezonate on Aug 26, 2015 5:31:14 GMT -8
Saw this social media post by a younger relative. She is a smart cookie, and has been a fangrrl over the years.
"Dear Apple: The ONLY reason I've ever stuck with your products was because in 2006 I got an ipod and got used to listening to my music that way. Now with the new update, listening to my music has become the single most difficult thing to try and do. I swear I'm done with apple >< I'd honestly rather just listen to my CDs. I have other apps if I want the radio or music I don't own (or haven't hand picked). The updated Music app is all about apple music, and there's no way to just see a list of your songs (or that I can find anyway). I can only look at albums, but that's not helpful to what I'm trying to do. Alot of my music was from CDs that I had when I was ten. Or from the old frankenstein computer we had till I was a senior, or my first laptop on which the files are inaccessable. Or from friends computers in highschool. and as you know, if you didn't purchase it through itunes, you can't back it up from an iproduct. I don't want four tabs of apple radio. I just want to listen to my music!!!! (which my phone has deleted. Three times.)"
And a friend's response:
"You still haven't backed up all of your music? Didn't we already have this conversation? And yeah, I've officially dropped all apple products except for iTunes because I still listen to one podcast. Which, come to think of, I might as well just subscribe to their youtube channel... I was done with Apple a couple of years ago after they refused to replace their shitty charger."
Analysis? Apple has always pushed "less is more". Remember the I'm a Mac, I'm a PC ads? A Mac will not burden you with all kinds of crapware, it "just works". Apple does not thrive by doing the same thing in a different way. It was about doing NEW things in a different way. With music, even from the very first iPod, it was about doing new things (ripped music) in a different way (big hard drive full of albums). Lately with music, Apple has just gotten back to doing the same thing (Radio) in a different way. This is not "less is more", it is "more is more". Well I'm here to tell ya - more is not really more if by giving me "more" your interface ends up giving me less.
I have turned off auto renew on the Apple Music trial. In this case I'm thankful for being a digital pack rat, with many backups of my media files. iTunes Match was working great. Now it will be a while before I trust Apple with my music in the cloud again. Note to Apple and the imported team at Beats: with music, MORE is not always more. Steve Jobs should have taught you this.
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Post by hledgard on Aug 26, 2015 6:40:36 GMT -8
I like Apple music, but the interface(iTunes or whatever the interface is) is miserable and performance (getting zero download and then it just hangs) is atrocious.
I think Apple is losing its edge on ease of use.
The only bright spot for me - I think the watch is good and will do well.
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Post by artman1033 on Aug 26, 2015 6:54:06 GMT -8
Taiwan’s top court has ruled that former TSMC R&D director Liang Mong-song revealed to Samsung trade secrets that enabled it to copy the chipmaker’s FinFET manufacturing processes, reports DigiTimes. The processes are used by both companies to produce the A9 chips used in the upcoming new iPhones. It was recently suggested that Apple was playing off the two companies against each other, with Samsung reportedly offering discounted prices in order to “grab the majority of A9 chip orders.” The ruling of the second-instance court was according to an analysis conducted by third-party experts regarding key manufacturing processes of TSMC and Samsung […] “The 16nm and 14nm FinFET products that both companies will mass produce this year were even more alike,” the report indicated. “It could be hard to tell (if the product) came from Samsung or TSMC if only structural analysis is used.” Liang resigned from TSMC to take up a position at a Samsung sponsored university where all the students were said to be Samsung employees. As Patently Apple notes, the penalty for passing on the trade secrets hardly acts as a deterrent: Liang has merely been banned from working for Samsung for a period of four months. 9to5mac.com/2015/08/26/tsmc-samsung-chips-apple/
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Post by archibaldtuttle on Aug 26, 2015 7:34:00 GMT -8
A doctor family member called me yesterday to tell me he thought there were a lot of good undervalued buys in the market right now, for example Google and Wells Fargo Bank. I asked him what he thought about Apple (he already holds some) and he said he just didn't think there was anything big on the horizon for Apple. .
The anti-apple narrative is pervasive out there.
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Ted
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Post by Ted on Aug 26, 2015 7:37:42 GMT -8
A doctor family member called me yesterday to tell me he thought there were a lot of good undervalued buys in the market right now, for example Google and Wells Fargo Bank. I asked him what he thought about Apple (he already holds some) and he said he just didn't think there was anything big on the horizon for Apple. . The anti-apple narrative is pervasive out there. And what did he say about Google?
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Post by archibaldtuttle on Aug 26, 2015 7:44:17 GMT -8
A doctor family member called me yesterday to tell me he thought there were a lot of good undervalued buys in the market right now, for example Google and Wells Fargo Bank. I asked him what he thought about Apple (he already holds some) and he said he just didn't think there was anything big on the horizon for Apple. . The anti-apple narrative is pervasive out there. And what did he say about Google? He -- like many other retail investors -- makes investing decisions based on vague impressions culled from mainstream news sources. He just said something like "it seems like there's a lot going on for google, they're dominant, and the stock is undervalued" -- so I take that to be the mainstream narrative for the company right now.
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bud777
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Post by bud777 on Aug 26, 2015 8:01:24 GMT -8
I am beginning to think that "Sell in the morning, buy in the afternoon" is the new poor man's algo.
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bud777
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Post by bud777 on Aug 26, 2015 8:11:07 GMT -8
It is telling that Cooks remarks about China had such a dramatic effect on Wall Street. If the analysts who spew this FUD had any real data, they would have already known that Apple was doing well. The effect of his email is an indicator of the depth of their ignorance. Given the importance of the iPhone to Apples numbers and the importance of China to iPhone sales, how can we assign them any credibility? They just don't know and the reaction proves it.
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Post by rickag on Aug 26, 2015 9:08:03 GMT -8
It is telling that Cooks remarks about China had such a dramatic effect on Wall Street. If the analysts who spew this FUD had any real data, they would have already known that Apple was doing well. The effect of his email is an indicator of the depth of their ignorance. Given the importance of the iPhone to Apples numbers and the importance of China to iPhone sales, how can we assign them any credibility? They just don't know and the reaction proves it. A tweet by Carl Icahn that he has gone all in AAPL might be nice.
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4aapl
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Post by 4aapl on Aug 26, 2015 9:44:46 GMT -8
Just looked @ MaxPain and AAPL pain, don't think much help there, but both are around $110. Looked at OI this morning, since the "weekly revisit" happens sometime. On AAPL weeklies for this week, the OI is small. 27k at a couple call strikes, likely a spread. And even smaller on the put side. Given stock volume so far this week, those seem trivial. Maybe because the option prices were so high due to volatility. On another front, there's been a drop in the last 30 minutes or so a couple times. I seem to remember someone saying before that that's when mutuals do their trading. So all those people that own mutuals and see bad news at night or in the morning paper put in their sell orders, and then the mutuals have to sell to "do thy bidding" at the end of the day. Is that right? If so that explains some of the late day selloff, but just as valid is those wanting to not be as huge overnight, since there's been such wonky jumps. Still sitting on my hands, but before looking at OI I was curious if there would be a push down late Thursday or Friday due to it. I don't think so, and I think with Tim's comments out there and upcoming iPhone announcements that AAPL shouldn't revisit lower. Other things though....it's good to scare the snot out of people once in a while, so that it's not all an easy investment choice. And hey, that gives buying opportunities too. Just finished Ken Fisher's latest book, Beating the Crowd. Good stuff, as always, though in the last few he has to quote and repeat from previous books a lot for those that didn't read them. The importance of only worrying about things happening in the next 30 months was nice, and the reminder that a lot of stuff doesn't matter much....similar to this current crush. But then he went and gave info on lots of historic books, so now my reading list ballooned to 20 financial books. Thanks a lot! Careful out there. But it looks like it's time for me to dip in for some longer term positions, depending on those options prices and how offsetting they are in various bull call spreads.
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Post by Red Shirted Ensign on Aug 26, 2015 9:49:48 GMT -8
A little beter mid-day action here. AAPL has been finding a floor at 105-6 consistently and now we see some build. Hopefully the late day action today will be to keep accumulating.
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Post by incorrigible on Aug 26, 2015 10:05:16 GMT -8
I still foresee a drop into the close like yesterday. Careful. I'm sitting pat right now.
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Post by dmiller on Aug 26, 2015 10:45:21 GMT -8
About iTunes and being able to list one's music - I agree, the changes to the UI make this simple, basic need non-obvious. The way for it to work is to click Playlists and then the display shows playlists on the left and music listed the old way, in the middle.
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Post by rob_london on Aug 26, 2015 10:49:16 GMT -8
On another front, there's been a drop in the last 30 minutes or so a couple times. I seem to remember someone saying before that that's when mutuals do their trading. So all those people that own mutuals and see bad news at night or in the morning paper put in their sell orders, and then the mutuals have to sell to "do thy bidding" at the end of the day. Is that right? If so that explains some of the late day selloff, but just as valid is those wanting to not be as huge overnight, since there's been such wonky jumps. Ref: Last 30 minutes trading action: Sections 9(a) and 10(b) of the Securities Exchange Act of 1934 (the Exchange Act) prohibit fraudulent and manipulative practices in connection with an issuer’s or “affiliated purchaser’s” purchase and sale of the issuer’s securities. Rule 10b-18 provides a non-exclusive safe harbor against allegations of market manipulation under Sections 9(a)(2) and 10(b) of the Exchange Act and Rule 10b-5 under the Exchange Act solely by reason of the manner, timing, price and volume of the repurchases when the company’s repurchases are made in accordance with the conditions set forth in the rule. Rule 10b-18, however, does not protect against other types of violations of the Exchange Act and Rule 10b-5, such as violations arising from purchases made by an issuer on the basis of material non-public information. In order to come under Rule 10b-18’s safe harbor, a company and its affiliated purchasers, taken together, must meet all the following conditions: 1. Manner: all of the bids and purchases must be made through only one broker or dealer on any single day; 2. Timing: the purchases must not: (a) constitute the opening transaction, (b) for a security that, during the preceding four weeks, has an average daily trading volume (ADTV) value of at least $1 million and a public float value of at least $150 million, be made during the 10 minutes before the scheduled close of the primary trading session in the security’s principal market, and during the 10 minutes before the scheduled close of the primary trading session in the market where the purchase is made, and (c) for all other securities, be made during the 30 minutes before the scheduled close of the primary trading session in the security’s principal market, and the 30 minutes before the scheduled close of the primary trading session in the market where the purchase is made;
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Post by rob_london on Aug 26, 2015 11:20:16 GMT -8
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deasys
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Post by deasys on Aug 26, 2015 11:40:51 GMT -8
Saw this social media post by a younger relative. She is a smart cookie, and has been a fangrrl over the years. "…The updated Music app is all about apple music, and there's no way to just see a list of your songs (or that I can find anyway). I can only look at albums…I just want to listen to my music!!!!" Open Apple Music. Touch the My Music tab. There's no step 3. Touch the heading at the top of the list to choose listing by albums, songs, genres, etc.
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Post by The Big Toe on Aug 26, 2015 11:45:47 GMT -8
Liftoff?
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Post by archibaldtuttle on Aug 26, 2015 11:49:12 GMT -8
I likey. Let's see if we can get two good up days in a row.
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Post by sponge on Aug 26, 2015 11:54:51 GMT -8
I have no idea where will go from here. But I am fairly confident 92 was the low of the year.
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Post by ericinaustin on Aug 26, 2015 12:36:11 GMT -8
I'm getting a little seasick
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Post by ericinaustin on Aug 26, 2015 12:36:52 GMT -8
With a mild case of whiplash to go with it.
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Mav
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Post by Mav on Aug 26, 2015 12:57:35 GMT -8
I think we can broadly agree that if AAPL can break out of this downtrend (green line), it'd be a good thing.
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benoir
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Post by benoir on Aug 26, 2015 13:02:56 GMT -8
It just seems to be a rising tide. GOOGLE AMZN NFLX FB MSFT all rose by about the same or more. So AAPL is just one of the boats in that harbour. Just hope Apple now has a depleted their (current) cache of dry powder.
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Post by mace on Aug 26, 2015 13:18:04 GMT -8
Agree with whoever think Music is ... not good. Methinks, buying Beats is likely a wrong decision.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Aug 26, 2015 13:21:13 GMT -8
A doctor family member called me yesterday to tell me he thought there were a lot of good undervalued buys in the market right now, for example Google and Wells Fargo Bank. I asked him what he thought about Apple (he already holds some) and he said he just didn't think there was anything big on the horizon for Apple. . So did your broker advise you about your medical conditions?
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mark
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Post by mark on Aug 26, 2015 13:23:05 GMT -8
What about the death cross thing? Is that over after today's gain?
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Post by incorrigible on Aug 26, 2015 13:36:43 GMT -8
What about the death cross thing? Is that over after today's gain? "That wasn't the line of death. This is the line of death." *spoken in Muammar Gaddafii accent*
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Post by Lstream on Aug 26, 2015 13:37:15 GMT -8
Agree with whoever think Music is ... not good. Methinks, buying Beats is likely a wrong decision. I don't think you can blame Beats for this. Apple is supposed to be the software experts, not Beats.
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Post by hledgard on Aug 26, 2015 14:35:04 GMT -8
I think the idea of Apple music is spot on, but the implementation is poor. No taste, no elegance, hard to figure out. The one cool thing is the name of the radio station. <your album> Radio, e.g. Jailhouse Rock Radio or I Can't Stop Loving You Radio
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