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Post by gtrplyr on Sept 29, 2015 12:13:22 GMT -8
Getting some crazy price quotes .... where the hell are we ??
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Post by scotty on Sept 29, 2015 12:13:39 GMT -8
AAPL down after announcing record iPhone sales, & Blodget sells BI for $343M. And they say I'm cynical for believing we live in an uncaring, absurd universe. The art of accurate observation is often called cynicism, by those who do not have it. JB Shaw
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Post by dreamRaj on Sept 29, 2015 12:17:07 GMT -8
This is soo painful!
We're now where we were almost a year ago.
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Post by hledgard on Sept 29, 2015 12:17:56 GMT -8
There is a great sci-fi book called "The Name of the Wind" If you are into that sort of thing, I recommend it and the sequel. A third book is due soon. The hero is a magician and part if his training is to be able to split his mind and hold two contradictory thoughts at once. Watching Apple execute as well as they do and seeing the stock punished for it seems to require this same skill. It is not my sense of justice that bothers me here, or even the nagging fear that there is something about the dynamics of the market place that I am missing in my rational models. It is the feeling that we are dealing with willful ignorance. . . . 3. There are just no buyers. Strangely enough, this might just be true. Anyone who has owned Apple for a few years is overweight in it. What started as 5% of my portfolio is now about 65%. Even though I am not a fan of diversification, I hesitate to add to the position. This theory also jibes with the way that Apple moves on unsophisticated rumors. It implies that it is the new retail buyer that moves the stock. A corollary to this theory would be that as the market drops, funds that own Apple have to sell to maintain their percentage. I looked into this and found that the funds do not rebalance daily, but a prolonged downturn could force them to sell. I am going to abandon the idea of willful ignorance and go with door number 3. Other than selling some Jan 18 puts and calls, I plan to just ride it out and work hard on splitting my mind. Fascinating Point ! No one here has ever mentioned it.
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Post by sponge on Sept 29, 2015 12:55:30 GMT -8
I disagree. There are plenty of buyers and between retail and institutions they have the funds to buy the stock. They just chose not to for many reasons.
No worrie since Apple is buying back at least 4% every year. Do the math. In 7 years they can save $7.75 billion in less dividends which they can turn around and raise for those who still hold the stock.
We can have a 50% increase in 4 months and have little new justification for it.
Buy and hold and look back only every 3-5 years. Everything else is just noise. We grew an average of 36% in the last 10 years.
Try to see where we will be in 10 years and not worry about the 20-30% corrections that will come every so often.
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Post by rickag on Sept 29, 2015 13:01:07 GMT -8
I disagree. There are plenty of buyers and between retail and institutions they have the funds to buy the stock. They just chose not to for many reasons. No worrie since Apple is buying back at least 4% every year. Do the math. In 7 years they can save $7.75 billion in less dividends which they can turn around and raise for those who still hold the stock. We can have a 50% increase in 4 months and have little new justification for it. Buy and hold and look back only every 3-5 years. Everything else is just noise. We grew an average of 36% in the last 10 years. Try to see where we will be in 10 years and not worry about the 20-30% corrections that will come every so often. Love your optimism, in the meantime I can see Apple dropping to $100.
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Post by rickag on Sept 29, 2015 13:20:22 GMT -8
Anyone remember when the AAPL earnings buyback blackout starts? Wonder if this drop is because AAPL is in blackout. As far as I know, there is no public information on whether Apple even has a blackout period and if so what dates would be in the company policy. There are no SEC or Federal rules regarding a blackout period before or after the ER. Law firms or Corporate lawyers will recommend blackout periods to protect executives from the appearance of stock insider trading. If Apple does have a blackout period it could be very valuable to nefarious individuals. aaplfinance.proboards.com/post/81290----------------------------- My understanding is that the company files a plan in advance that describes when they will be idle and when they will buy. So no set requirements, but each company must commit to a plan I tried to find any information on black out periods in the Federal Register. It is my understanding that the fear Corporations have in stock repurchases is insider trading that comes under §78i. Manipulation of security prices. Our ever present partner in our lives, the Federal Government, has provide Safe Harbor rules to prevent prosecution of corporate officers of insider trading. That rule being Rule 10b-18 as a "Safe Harbor". Definition of Rule 10b-18Additional digging came across several websites that explained there is no SEC or government rule regarding when a company/corporation can buy back their stocks. Stock Buybacks: The RulesWhat Is a Blackout Period?They must just meet the criteria for not using insider trading, hence, the government added Rule 10b-18 to provide some safety from prosecution. But even Rule 10b-18 doesn't mention a quite or blackout period for repurchasing stock. These rules are instituted by the corporations themselves to avoid prosecution for insider trading. Based on this, I would have to guess Apple has an internal policy for blackout periods, and incidentally insider trading, such as corporate officers selling stock received through option grants, a la Angela's sales of stock. Now you watch, some smarty pants financial lawyer will respond to my post and show the exact SEC regulation that imposes black out periods.
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Ted
fire starter
Posts: 882
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Post by Ted on Sept 29, 2015 13:26:35 GMT -8
GOOGLE is not standing still. THEIR new products today are impressive. Which products do you find impressive? I checked them all out, but didn't see anything really "new." An iPad Pro competitor, the Pixel C; two new phones shaped like iPhones featuring good fingerprint readers and new drop protection insurance; a couple new streamers for video (with apps) and audio... Seems mostly like catch-up products to me.
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Post by rickag on Sept 29, 2015 13:44:23 GMT -8
I would like to add a little to my previous post on buybacks and the blackout period discussion. If I am correct and there are no SEC or Federal regulations mandating a blackout period around the ER, AND it comes to the attention of Apple that nefarious people are playing this, then my recommendation to Apple would be: Months before the ER Apple internally declare their intent to buy a certain number of shares at a specified time during the blackout period. Make the broker sign in blood this information is confidential and if leaked they will be terminated with prejudice. This would eliminate any suspicion of manipulation for the SEC and FEDS and they could instruct the broker to buy 1 - 5 million shares every 4 hours for lets say 5 days during the days leading up to the ER. AND yes, I am a vengeful old curmudgeon.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Sept 29, 2015 14:09:57 GMT -8
I would like to add a little to my previous post on buybacks and the blackout period discussion. If I am correct and there are no SEC or Federal regulations mandating a blackout period around the ER, AND it comes to the attention of Apple that nefarious people are playing this, then my recommendation to Apple would be: Months before the ER Apple internally declare their intent to buy a certain number of shares at a specified time during the blackout period. Make the broker sign in blood this information is confidential and if leaked they will be terminated with prejudice. This would eliminate any suspicion of manipulation for the SEC and FEDS and they could instruct the broker to buy 1 - 5 million shares every 4 hours for lets say 5 days during the days leading up to the ER. AND yes, I am a vengeful old curmudgeon. Can't 'like' this enough.
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stub
Member
The fix is in. Be patient. Don't panic.
Posts: 300
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Post by stub on Sept 29, 2015 14:14:00 GMT -8
I woke up to find my MasterCard had fraud. The thief went on several dating sites including Ave Maria Singles (WTF is that?). I've come to learn he (I'm assuming it's a he) is looking for a devout Catholic partner. Ah the irony of it all. He STEALS a credit card, to LIE, to a partner, and DECEIVE her throughout their relationship. God bless him. He went for the Hat Trick...and completely inconvenienced me as I had to call the bank - freeze the card - have new numbers, cards, blah, blah, blah issued....and now to call the gym and other places that automatically charge it on a monthly basis. May he rot in hell. Happy Tuesday...he must have been inspired by the Pope's visit. Don't know how to break this to ya but... ummm... it WAS the Pope.
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Post by macster on Sept 29, 2015 15:59:34 GMT -8
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Post by artman1033 on Sept 29, 2015 16:52:05 GMT -8
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Post by artman1033 on Sept 29, 2015 17:07:48 GMT -8
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Post by osx10 on Sept 29, 2015 18:17:31 GMT -8
Loaded Watch OS 2 and now my stock arrows on the watch face are just white as opposed to Green/Red.
Did I screw up a setting or are others of you who have the Stocks feature on their watch face seeing this also?
TIA
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Post by burtonair on Sept 29, 2015 18:35:01 GMT -8
Loaded Watch OS 2 and now my stock arrows on the watch face are just white as opposed to Green/Red. Did I screw up a setting or are others of you who have the Stocks feature on their watch face seeing this also? TIA I've been seeing this too. Given that AAPL has been red for what feels like eternity, this felt like a good feature.
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Post by BillH on Sept 29, 2015 19:01:41 GMT -8
Give me a holler when they clone iOS and MacOS. The rest is just hardware. (In Apple's case, damn nice hardware but still just hardware)
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Post by archibaldtuttle on Sept 29, 2015 19:30:30 GMT -8
Hasn't worked for them yet.
Still, that fact hasn't stopped people from predicting Apple's imminent demise either.
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Post by artman1033 on Sept 29, 2015 20:34:36 GMT -8
In other news, Tony Stark introduced his newest car. The car has air conditioning and bio weapons defense air system. NO KIDDING. The car is a SUV that seats 7 and can pull a 5000 lb. Airstream trailer. It can go 0-60 in 3.2 seconds. It has sensors in the roof so that the gull wing doors do not hit the rafters in a smaller garage. /photo/1twit.tv/shows/twit-live-specials/episodes/260?autostart=false
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4aapl
Moderator
Posts: 3,650
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Post by 4aapl on Sept 29, 2015 21:17:36 GMT -8
In other news, Tony Stark introduced his newest car. The car has air conditioning and bio weapons defense air system. NO KIDDING. I will post the video in the morning when it is available. The car is a SUV that seats 7 and can pull a 5000 lb. Airstream trailer. It can go 0-60 in 3.2 seconds. It has sensors in the roof so that the gull wing doors do not hit the rafters in a smaller garage. Sometimes an industry just needs to be shaken up a bit. Some of Elon's tasks, at least according to his biography and to his actions, he does for movement towards a goal instead of profit. Obviously profit is needed at some point, but he has a bit of a pile and some investors to help move things along. (see his goals on Mars, and his willing to give free usage of the Tesla patents) But even if Apple is one day a competitor in the electric car market (looking more and more likely, though never a sure thing), it's great if Tesla makes some good headway there first. It might take some of the max profit away, but my opinion is that for those who pay 100k+ for a car, there's a good chance that they'd be happy to buy another in a couple years. There's a reason that luxury cars lose their value so quickly.....or rather that many do. Obviously there's a certain subset of limited edition luxury cars that sometimes hold their value, and it seems like some of the Tesla's are holding their value just like some Prius's did when they were in limited supply and allowed to drive in the carpool lane. Anyway, while the ~100k+ market is much more limited than the general car market, and Tesla seems to be making some rabid fans (sound familiar?), so far I'm not too worried about them completely cornering the market. And I see them validating that there is a good solid market for this sort of thing. Just as the iPhones didn't get into payments a few years ago when the chips were first available, but waited until things were closer to ready.
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