Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 31, 2015 3:38:38 GMT -8
Good morning everyone. Asia is mixed, Europe is RED and the US premarket is GREEN. How is that for a decisive year end? It is a full trading day, but expect very thin volume. Normal sources are not showing premarket AAPL is GREEN trading at 107.52 +0.20 (0.19%). Interestingly Max Pain rose to $109. Will it move the stock? Not much in the news this morning. In fact, the only 'new' headline is AppleInsider's Apple investor's shareholder proposal could force racial diversity among leadership. I guess if we're going to have a political discussion today is the day as there won't be much else... Must admit, I'm not sad to see this year end. May 2016 be better and one to remember. The market is closed tomorrow. Have a great day. Happy New Year. Now, let's make money.
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Post by phoebear611 on Dec 31, 2015 4:33:55 GMT -8
Jobless Claims (8:30 am) and Chicago PMI (9:45 am) this morning could provide some type of catalyst on what is often a skeletal crew on trading desks. Full trading day today as it's the last day of the year - NO abbreviated trading session. Last year the Dow was down approximately 160 points on the last day of the year. Hopefully this year-end will be different...economic numbers (or oil) may be catalysts here this morning so we shall see. Wanted to make it a point to wish everyone a very happy and healthy New Year and hopefully lots to laugh about - it's good for the soul. Also wishing our fruit company's price what Ralph Kramden always told Alice, "One of these days - pow! Straight to the moon!" Happy New Year and stay safe tonight
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Post by rezonate on Dec 31, 2015 6:36:23 GMT -8
I move that "AAPL straight to the moon!" replace "AAPL all time high" as the AFB Google bomb in 2016. Do I hear a second?
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 31, 2015 7:31:34 GMT -8
Good thing Max Pain puts a floor under AAPL...
/s
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Dec 31, 2015 8:41:51 GMT -8
From an article on David Einhorn's portfolio, which is 20% AAPL:
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When looking at Apple's stellar product iPhone, we see future growth in the U.S. and emerging markets. Although an iPhone 6s can cost up to $1,500 in a South American country, the degree of loyalty is high. In those countries, the domestic currencies were devalued, which means that they are expensive, but they are still sold at Christmas. It's hard to imagine that this company will have no growth in the future.
Moreover, we can mention its relative valuation. The company trades at a trailing P/E of 12.41 which is close to a two-year low, and it trades at a P/B ratio of 5.05x that is close to a one-year low and a P/S ratio of 2.82x that is close to a two-year low. This actual pricing is probably among the reasons several hedge fund managers were bullish on the stock. Larry Robbins (Trades, Portfolio), John Griffin (Trades, Portfolio) and Richard Snow (Trades, Portfolio) have initiated new positions in the stock, with 301,778, 2,250,000 and 66,077 shares.
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Nothing new for anyone here, but always nice to have smart, successful investors in agreement.
Happy New Year to the longs and all other Apple supporters.
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Post by sponge on Dec 31, 2015 9:09:38 GMT -8
Well I expected a 10% correction in December from a much higher high then 119. But not only did we get it, but also got one in Nov.
Looks like end of the year tax selling continue all the way to Dec 31.
Closing at the lows of the day does not bode well for next week. Expect one more flush before we slowly crawl back up.
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Post by tuffett on Dec 31, 2015 10:17:46 GMT -8
Nice way to end the year.
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Post by gtrplyr on Dec 31, 2015 10:51:43 GMT -8
Just sold some for Tax purposes .. I like to realize some gains every year ... usually I sell and buy in the same minute .... not today. Fuck this market .....
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Post by phoebear611 on Dec 31, 2015 10:56:36 GMT -8
Just to take everyone's mind off this stock and crappy market - is everyone aware of the fire at the Dubai Hotel? It's unbelievable - you all watching this??
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Post by archibaldtuttle on Dec 31, 2015 11:10:49 GMT -8
Uglier and uglier. Either the market is getting more and more irrational about AAPL or they are seeing something we don't.
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Post by hydrarx on Dec 31, 2015 11:20:43 GMT -8
Yeowch, what a way to end the year, just keeps going down.
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coma
Member
Posts: 522
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Post by coma on Dec 31, 2015 11:26:24 GMT -8
Just to take everyone's mind off this stock and crappy market - is everyone aware of the fire at the Dubai Hotel? It's unbelievable - you all watching this?? Them rag heads sure know how to put on a fire works show . . .
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Post by geraci on Dec 31, 2015 11:34:44 GMT -8
I hope they got everyone out of the Dubai Hotel and no one was hurt. Not a good way to start the new year.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,429
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Post by chinacat on Dec 31, 2015 12:07:54 GMT -8
Wow! The fireworks (and LED lights) display on the Burj Khalifa (world tallest building) almost right next to the raging skyscraper fire is one of the most surreal things I have ever seen.
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Post by gtrplyr on Dec 31, 2015 13:06:24 GMT -8
Just to take everyone's mind off this stock and crappy market - is everyone aware of the fire at the Dubai Hotel? It's unbelievable - you all watching this?? Them rag heads sure know how to put on a fire works show . . . Really ? Sheesh ...
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Post by macster on Dec 31, 2015 13:21:11 GMT -8
This is how AAPL could prove pessimists wrong in holiday quarter iPhone sales – analyst Ben Lovejoy - 8 hours ago @benlovejoy 9to5mac.com/2015/12/31/apple-iphone-sales-q1-2016-forecast/Interesting comments section that mirror my thinking. We all heard it before but reading reasonable analysis is comforting, Happy New Year everyone.
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Post by incorrigible on Dec 31, 2015 13:46:06 GMT -8
Happy New Year all despite AAPL's pitiful 2015 performance.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,183
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Post by JDSoCal on Dec 31, 2015 15:03:49 GMT -8
Happy New Quarter! Attachments:
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 31, 2015 15:47:05 GMT -8
Well at least this sets us up for a great gain in 2016!
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Post by sponge on Dec 31, 2015 16:23:53 GMT -8
Well at least this sets us up for a great gain in 2016! That's how I look at it as well. Last year we got a 30% move from January to February. If the channel checks are wrong, we may be in for a similar move this year. Then we have 11 months to go back down again and up again into next Dec.
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