Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Oct 17, 2016 2:33:03 GMT -8
Good morning everyone.
The Nikkei is GREEN but everything else is RED. Unfortunately, that includes AAPL which is trading at $117.20 -0.43 (-0.37%). Hopefully it will bounce before opening.
In the news:
Nothing. Oh, Doug Kass has a piece floating around out there. All you need to know "The Samsung news continues to worsen for the company and I have halved my Apple ( AAPL) short."
Have a great day. Let's make money.
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Post by phoebear611 on Oct 17, 2016 3:36:46 GMT -8
Doug Kass needs to retire. He trolls Twitter and looks for things to latch on to in order to give himself publicity. Stick a fork in him - he's done.
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CdnPhoto
Moderator
Posts: 1,523
Member is Online
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Post by CdnPhoto on Oct 17, 2016 3:47:52 GMT -8
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Post by hledgard on Oct 17, 2016 5:54:29 GMT -8
I am relieved to hear this news. I teach Computer Science and am aware of progress in AI. I have long believed that self-driving cars are a long way off. Those who criticize Siri probably feel the same way. In the 60's I was at MIT and took the AI course. Speech recognition, language understanding, etc. were talked about. It is only now that these areas have reached the public, 50 years later.
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Post by gtrplyr on Oct 17, 2016 6:47:12 GMT -8
I am relieved to hear this news. I teach Computer Science and am aware of progress in AI. I have long believed that self-driving cars are a long way off. Those who criticize Siri probably feel the same way. In the 60's I was at MIT and took the AI course. Speech recognition, language understanding, etc. were talked about. It is only now that these areas have reached the public, 50 years later. Not sure how you would define "a long way off". As someone who has driven a Tesla on the highway using the self-driving feature I can tell you it works and I don't see it being that far away from daily usage. Navigating though city streets is another story but once this catches on I see rapid adoption. Not sure what to make of this story but I've always been in the camp that Apple needs to buy Tesla ... or at least form some sort of partnership. Tesla makes an amazing vehicle but needs help with large scale manufacturing and capital , both of which Apple can help with. Not sure how it would work but IF they could find a way to work together there is no telling what they could do to the car market as we know it now. I'll say it again .... Tim and Elon need to go to lunch ... I'll pick up the tab : ) Cheers to the longs.
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Post by osx10 on Oct 17, 2016 7:58:15 GMT -8
Is the Apple move of earnings release and news of abandoning car project related? If TC thinks tax issues are sure to be resolved in 2017 does that = Tesla?
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Post by mace on Oct 17, 2016 9:03:06 GMT -8
Using shareholders' money for TSLA? Easily would cost Apple, $50B + exposure to many financial liability. Should use Angels' money.
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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 Oct 17, 2016 9:46:15 GMT -8
Using shareholders' money for TSLA? Easily would cost Apple, $50B + exposure to many financial liability. Should use Angels' money. It's a good idea to buy somebody with a long term time line for realization of ROI. Speculation is good for a stock's upward mobility. Buying anybody like that could be a good idea, because it would stop this stock buy back nonsense which is keeping the stock price artificially low. As long as interest rates are low I continue to lament (worry?) about stock buy backs.
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Post by hledgard on Oct 17, 2016 9:58:05 GMT -8
I am relieved to hear this news. I teach Computer Science and am aware of progress in AI. I have long believed that self-driving cars are a long way off. Those who criticize Siri probably feel the same way. In the 60's I was at MIT and took the AI course. Speech recognition, language understanding, etc. were talked about. It is only now that these areas have reached the public, 50 years later. Not sure how you would define "a long way off". As someone who has driven a Tesla on the highway using the self-driving feature I can tell you it works and I don't see it being that far away from daily usage. Navigating though city streets is another story but once this catches on I see rapid adoption. Not sure what to make of this story but I've always been in the camp that Apple needs to buy Tesla ... or at least form some sort of partnership. Tesla makes an amazing vehicle but needs help with large scale manufacturing and capital , both of which Apple can help with. Not sure how it would work but IF they could find a way to work together there is no telling what they could do to the car market as we know it now. I'll say it again .... Tim and Elon need to go to lunch ... I'll pick up the tab : ) Cheers to the longs. I have been a passenger is a Tesla, not a driver. The self drive feature appears to be optimized for relatively optimal situations. Consider Siri; ask a reasonable question and often it has no real response. I am no expert, but I think real self driving cars are 50 years away. Not that I don't love the idea! It would be awesome. I just think the details get overwhelming fast.
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Post by phoebear611 on Oct 17, 2016 11:47:06 GMT -8
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Mav
Member
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Post by Mav on Oct 17, 2016 14:53:44 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Oct 17, 2016 19:13:32 GMT -8
Tesla makes no profit, even with about $10K in indirect government subsidies per car, after 100 years of the EV. They are regressively-taxed-and-subsidized rich guy toys.
Chevy and Nissan make EV's and sell very few. At some point, the battery tech may evolve/shrink to where it's more commercially practicable; but if there's a market, what would stop a larger auto manufacturer from stepping in and taking it? I think Tesla is the Amazon of the auto industry, it will never see a real profit (without government help). Why would Apple, known for its ridiculous margins, want that, unless you just no longer believe in fundamentals?
If you think we live in a post-profit stock market, great, but I'm not sure if that market is ready for Apple to become a non-profit. Sure would make things easier to be judged on pie-in-the-sky, instead of profits, like TSLA and AMZN.
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Post by nagrani on Oct 17, 2016 19:23:53 GMT -8
Tesla makes no profit, even with about $10K in indirect government subsidies per car, after 100 years of the EV. They are regressively-taxed-and-subsidized rich guy toys. Chevy and Nissan make EV's and sell very few. At some point, the battery tech may evolve/shrink to where it's more commercially practicable; but if there's a market, what would stop a larger auto manufacturer from stepping in and taking it? I think Tesla is the Amazon of the auto industry, it will never see a real profit (without government help). Why would Apple, known for its ridiculous margins, want that, unless you just no longer believe in fundamentals? If you think we live in a post-profit stock market, great, but I'm not sure if that market is ready for Apple to become a non-profit. Sure would make things easier to be judged on pie-in-the-sky, instead of profits, like TSLA and AMZN. JD - in two weeks - Tesla will report a profit on both a GAAP and non GAAP basis. The federal credits they get also apply to other manufacturers that bring jobs into the us. Do you know how much coal/traditional energy is subsidized by big Govt?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,186
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Post by JDSoCal on Oct 18, 2016 17:16:28 GMT -8
Tesla makes no profit, even with about $10K in indirect government subsidies per car, after 100 years of the EV. They are regressively-taxed-and-subsidized rich guy toys. Chevy and Nissan make EV's and sell very few. At some point, the battery tech may evolve/shrink to where it's more commercially practicable; but if there's a market, what would stop a larger auto manufacturer from stepping in and taking it? I think Tesla is the Amazon of the auto industry, it will never see a real profit (without government help). Why would Apple, known for its ridiculous margins, want that, unless you just no longer believe in fundamentals? If you think we live in a post-profit stock market, great, but I'm not sure if that market is ready for Apple to become a non-profit. Sure would make things easier to be judged on pie-in-the-sky, instead of profits, like TSLA and AMZN. JD - in two weeks - Tesla will report a profit on both a GAAP and non GAAP basis. The federal credits they get also apply to other manufacturers that bring jobs into the us. Do you know how much coal/traditional energy is subsidized by big Govt? Gawd, really, the coal subsidy thing? Coal and gas and oil would still be WILDLY PROFITABLE without subsidies. You're talking rounding errors for companies that make billions. It's just a strawman to say other industries get subsidies when they would be profitable anyway, unlike Tesla. Oil and gas and coal are TAXED for every sale they make; Tesla gets a credit for every sale they make Tesla gets like $10,000 per car subsidy in many states, if you include forced carbon credit payments from their competitors. So yeah, without the $7-10K subsidy per car, no accounting method known to man would show a bottom line profit for Tesla. You can be all for subsidies on alt energy as a public policy stance, but don't let it cloud your reading of a 10-Q.
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Post by artman1033 on Oct 19, 2016 6:04:49 GMT -8
I read your post. I thank you for the effort. Why would anyone trust the numbers coming out of a South Korean Chaebol?It is NOT like . COULD pump numbers by filling the channel. THEY don't. I believe any analysis of Samsung is futile.
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