Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 5, 2016 3:23:05 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 5, 2016 4:13:32 GMT -8
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Post by CdnPhoto on Feb 5, 2016 7:02:35 GMT -8
Holy crap. Just saw LNKD is down 40% for the day. Haven't looked at details, but must be very bad earnings/forecast.
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Ted
fire starter
Posts: 882
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Post by Ted on Feb 5, 2016 7:08:46 GMT -8
And AMZN has gone from a 696 high on 12/29 to today's 516! Down 26% ...
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Post by sponge on Feb 5, 2016 7:25:11 GMT -8
I guess we should be thankful that we are only down 5% from earnings day.
Last Friday we finished with a bang and then started to give it all back this week.
We may see the opposite into next week then we start the week of OE. Max pain around 100. Let's see how close we get.
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Post by dmiller on Feb 5, 2016 7:27:34 GMT -8
Having read more about this, I can see what the problem is, and why this is important.
If a 3rd party repairs the iPhone, and replaces the fingerprint sensor/home button or other components, then this breaks the security of the phone. Someone could swap in a home button or components that, for instance, would hack around TouchID and provide unauthorized access.
This could be done by someone in possession of a stolen phone; or anyone else who wants to gain access to an iPhone; read into that whatever you like.
I can see why Apple would allow only themselves to service these components, from a security standpoint. What seems strange is that this -hadn't- come up before and that it was only a recent update to iOS9 that started doing this. Touch ID has been around much longer and you'd think they'd have implemented this stringent checking right from the start.
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Post by sponge on Feb 5, 2016 8:04:54 GMT -8
QQQ looks like its getting ready to dump lower. If it does, the buyback should keep AAPL from following it down. Apple only bought $3 billion over open market last quarter. They are keeping their powder dry. I wonder if they will follow the same pattern and wait to buy more after April since they anticipate further weakness. Their guidance and lack of buybacks were the primary reasons for going all cash. We may have two more shoes to drop in the next 7 months.
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Ted
fire starter
Posts: 882
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Post by Ted on Feb 5, 2016 8:06:11 GMT -8
And AMZN has gone from a 696 high on 12/29 to today's 516! Down 26% ... yow, make that 502 and dropping fast. Off 6.2%
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Post by firestorm on Feb 5, 2016 8:08:48 GMT -8
This is a tech fire sale. I expect the tech giants to all spring back up, so the question is when to buy.
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Post by artman1033 on Feb 5, 2016 8:41:25 GMT -8
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Post by Volvocoupe on Feb 5, 2016 8:57:02 GMT -8
QQQ looks like its getting ready to dump lower. If it does, the buyback should keep AAPL from following it down. Apple only bought $3 billion over open market last quarter. They are keeping their powder dry. I wonder if they will follow the same pattern and wait to buy more after April since they anticipate further weakness. Their guidance and lack of buybacks were the primary reasons for going all cash. We may have two more shoes to drop in the next 7 months. They don't have enough domestic cash to do significant buybacks and they haven't borrowed in awhile. Once we get tax reform and the EU is finished exacting it's toll, they can bring 150 billion back and do buybacks until the cows come home. Everyone needs to be patient.
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Post by sponge on Feb 5, 2016 9:10:23 GMT -8
If my math was correct they had $17 billion left at end of q4 for buybacks. That's domestic cash.
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Post by deasys on Feb 5, 2016 9:43:21 GMT -8
I expect the tech giants to all spring back up You're probably right. Expecting rational valuations from Mr Market is silly.
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Post by tuffett on Feb 5, 2016 9:47:26 GMT -8
If my math was correct they had $17 billion left at end of q4 for buybacks. That's domestic cash. They're not going to use up all their domestic cash. They need working capital.
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Post by gtrplyr on Feb 5, 2016 10:26:31 GMT -8
IF Apple is serious about getting into the car biz .... Tesla is getting hammered. There is no denying they have some great technology ... maybe they have not done a great job executing their plan but I still think some kind of collaboration between them and Apple makes sense.
Time for Tim and Elon to talk ? I realize there are many on this board who dislike the idea ... just thinking out loud .....
Cheers to the longs
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Post by gtrplyr on Feb 5, 2016 10:27:31 GMT -8
If my math was correct they had $17 billion left at end of q4 for buybacks. That's domestic cash. They're not going to use up all their domestic cash. They need working capital. When you look at the kind of revenue they pull in per day I don't think working capital is any kind of issue.
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Post by nagrani on Feb 5, 2016 10:43:23 GMT -8
Sponge - just want to thank you for showing some restraint in posting predictions containing numbers or dates when things will happen. Appreciate your inclusion on this board sans the rain man type posts
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Post by rezonate on Feb 5, 2016 10:51:16 GMT -8
Vis-a-vis Apple and Tesla, the battery issue again looms large. The next leap in power storage will drive an electric century. If either company has solved it they can help each other. But the money and benefits only happen when the product SHIPS. The world is ready.
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Post by tuffett on Feb 5, 2016 10:54:57 GMT -8
They're not going to use up all their domestic cash. They need working capital. When you look at the kind of revenue they pull in per day I don't think working capital is any kind of issue. A business of Apple's size is not going to run on daily cashflow, whether or not they technically could.
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Post by sponge on Feb 5, 2016 11:04:37 GMT -8
If my math was correct they had $17 billion left at end of q4 for buybacks. That's domestic cash. They're not going to use up all their domestic cash. They need working capital. I am talking their buyback plan. Meaning the money is only for that and announced last year. Some of it could come from bonds they took out last year. April announcement will be very interesting since cash flow is moving down instead of up.
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Post by archibaldtuttle on Feb 5, 2016 11:19:05 GMT -8
Yuck
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Post by firestorm on Feb 5, 2016 11:29:08 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Feb 5, 2016 12:13:34 GMT -8
Yeah... until one realizes that it affirms/validates the theory.
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Post by sponge on Feb 5, 2016 12:56:43 GMT -8
LinkedIn is being punished today. Stock down 43%. All because their guidance was off by a measly $46 million. Interesting to see the big banks drop their price targets from $300 when the stock is trading at $100.
These targets show how little analysts really understand the movements of stocks with high p/e.
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Post by dreamRaj on Feb 5, 2016 12:59:12 GMT -8
This is a tech fire sale. I expect the tech giants to all spring back up, so the question is when to buy. But even with all these recent fire sales, GOOG, AMZN, FB, NFLX and MSFT are much better off because they're not near their 52-week lows. They are far higher than that. It's only AAPL, along with TWTR, TSLA, and YHOO that are in the gutter.
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Post by incorrigible on Feb 5, 2016 15:47:47 GMT -8
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Post by rickag on Feb 5, 2016 16:20:33 GMT -8
Very confusing article. The article states according to Canalys Apple sold 2/3 of the smartwatch market, but the chart below the article states there were 30.32 million smartwatches sold in 2015. Then they bring up Fitbit, saying they sold 37 million Fitbit fitness bands, yet the chat below the article shows 30.15 million wristbands and 20.02 million sports watches. It's nice Apple capture 2/3 of the Smartwatch market but for the life of me I can't see how they arrived at this number. Must be that new math I missed out on in my yute ....I mean youth.
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Post by Apple II+ on Feb 6, 2016 8:48:41 GMT -8
Very confusing article. The article states according to Canalys Apple sold 2/3 of the smartwatch market, but the chart below the article states there were 30.32 million smartwatches sold in 2015. Then they bring up Fitbit, saying they sold 37 million Fitbit fitness bands, yet the chat below the article shows 30.15 million wristbands and 20.02 million sports watches. It's nice Apple capture 2/3 of the Smartwatch market but for the life of me I can't see how they arrived at this number. Must be that new math I missed out on in my yute ....I mean youth. Different sources give different numbers. The numbers in the table are from Gartner. The other numbers you quoted are from Canalys. Don't know how they get to their numbers, but I think Apple has quoted Gartner and Canalys numbers among others in conference calls over the years, FWIW.
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