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Post by phoebear611 on Jan 22, 2016 13:05:29 GMT -8
Is it just me but I feel badly for Gene Munster. He has pounded the table for so many years on Apple and has many times ended up with egg on his face. Do you recall when he just insisted that they were coming out with the TV? Then he kept pushing it off. He really has such a commitment to this company ... sometimes I wish Apple would let him peek under the kimono for once and cut the guy some slack. That being said - he raised excellent points today but then again the folks here raise them everyday. I'm just glad we ended the week on such an up note .... next week can't come fast enough. Anxious to hear the earnings call.
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Post by gtrplyr on Jan 22, 2016 13:05:31 GMT -8
Good morning everyone. Max Pain is $97. Maybe we should start a pool for the closing price... Ok, did anyone guess $101.42?? would this count as a Wheeeee day? It's been a long time since we've had a good day. Sorry .. no Wheeee for me for a while .... I'm still pissed. Cheers to the longs ...
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Post by nagrani on Jan 22, 2016 13:12:49 GMT -8
So many Apple retail investors got spooked and sold shares at 9x.xx. I unloaded some risk but am still heavy invested and looking to stay long
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Jan 22, 2016 13:26:36 GMT -8
Good morning everyone. Max Pain is $97. Maybe we should start a pool for the closing price... Ok, did anyone guess $101.42?? would this count as a Wheeeee day? It's been a long time since we've had a good day. I sure didn't. Wheeeee. Kicking myself for not pulling the trigger at $94... C'est la vie.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 22, 2016 13:29:59 GMT -8
A couple more days like this and I'll be a believer...
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Post by sponge on Jan 22, 2016 14:04:30 GMT -8
I recall one summer we saw a 80 point swing in three days. So the move from 115-94 is par for the course with Apple. It means nothing in the bigger picture.
I recall counting 4 different times where we move more then 15% based on noise. Buy and Hold and if brave use TA and do swing trades. 2-4 trades a year should do the trick.
Great close. I just wished we were not tied to oil however.
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Jan 22, 2016 15:27:25 GMT -8
Our friends at the New York Times chiming in Alphabet Close to Overtaking Apple as Most Valuable Company. Though I will give them some credit, the article closes with "Alphabet is far more reliant on Internet advertising than Apple is on the iPhone. Ads bring in about 90 percent of the company’s revenue. Any hint of investor skepticism about that market could keep Apple at the top of the list."
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Post by artman1033 on Jan 22, 2016 16:18:14 GMT -8
Apple Veteran Overseeing Electric-Car Project Leaving CompanyBy Daisuke Wakabayashi Jan. 22, 2016 6:27 p.m. ET The Apple Inc. veteran tasked with spearheading the company’s efforts to build an automobile is leaving the company, according to people familiar with the matter. Steve Zadesky, a 16-year Apple veteran who has been overseeing its electric-car project for the last two years, has told people he is leaving the company. The timing of his departure isn’t clear. He is still at Apple for now. A person familiar with the matter said Mr. Zadesky’s departure was for personal reasons and wasn’t related to his performance. Mr. Zadesky didn’t immediately respond to a message sent through LinkedIn. Still, the pending departure marks a setback for one of the most talked-about projects in the technology field. Apple has become the most valuable company in the world making consumer electronics products, but moving into the automotive sector poses big new challenges. Mr. Zadesky, who worked on the iPod and the iPhone during his career, was given permission in 2014 to start investigating Apple’s entry into the electric car market. Last year, Apple designated the initiative—code-named “Titan”— a committed project and set a ship date of 2019. In Apple’s parlance, a “ship date” doesn’t necessarily mean the date that customers receive a new product; it can also mean the date that engineers sign off on the product’s main features. Some team members expect that it might take several more years to get a differentiated electric car ready, the people familiar with the matter said. An engineer at Ford Motor Co. before joining Apple in 1999, Mr. Zadesky was in charge of tripling the size of the automotive team—already at around 600 employees in September—while coming up with a vision for the product. The team has encountered some problems, according to people familiar with the matter, in laying out clear goals for the project. Apple has urged the team to push ahead with ambitious deadlines even though some on the team felt that those targets weren’t attainable, these people said. www.wsj.com/articles/apple-veteran-overseeing-electric-car-project-leaving-company-1453505241?mod=rss_Technologymore on Steve: www.autonews.com/article/20150420/UNDER4001/304209975
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