Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Nov 1, 2016 2:45:20 GMT -8
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Post by artman1033 on Nov 1, 2016 4:08:55 GMT -8
Good morning everyone. GREEN across the board including AAPL, albeit modestly. AAPL is trading at $113.63 +0.09 (+0.08%). In the news: AppleInsider has [a href="http://appleinsider.com/articles/16/10/31/new-chicago-apple-store-comes-with-massive-62m-price-tag" ]New Chicago Apple store comes with massive $62M price tagWhat will stores sell in 5 years. Will it just be iPhones? (supercomputers!) What other products will it sell? At some point, a company has TOO much money. They spend like drunken Sailors. Return it to the shareholders.!
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Post by rickag on Nov 1, 2016 4:41:51 GMT -8
Good morning everyone. GREEN across the board including AAPL, albeit modestly. AAPL is trading at $113.63 +0.09 (+0.08%). In the news: AppleInsider has [a href="http://appleinsider.com/articles/16/10/31/new-chicago-apple-store-comes-with-massive-62m-price-tag" ]New Chicago Apple store comes with massive $62M price tagWhat will stores sell in 5 years Stores?
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Post by tuffett on Nov 1, 2016 6:02:44 GMT -8
Good morning everyone. GREEN across the board including AAPL, albeit modestly. AAPL is trading at $113.63 +0.09 (+0.08%). In the news: AppleInsider has [a href="http://appleinsider.com/articles/16/10/31/new-chicago-apple-store-comes-with-massive-62m-price-tag" ]New Chicago Apple store comes with massive $62M price tagWhat will stores sell in 5 years. Will it just be iPhones? (supercomputers!) What other products will it sell? At some point, a company has TOO much money. They spend like drunken Sailors. Return it to the shareholders.! I agree. They are spending obscene amounts of money on stores, data centers, a $5B campus while their revenues have topped out and excitement for their products is waning. I realize the data centres are necessary. Anybody notice how there's almost no talk about the TV app? Because it's non-news. Nobody I know buys or rents movies from iTunes. But they do use Netflix. The TV app doesn't support Netflix, so it's not going to be used and it's not going to sell more Apple TVs. If this is the best Apple can come up with its time to use that cash to buy revenue or at least some fresh thinking in new categories.
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Post by mrentropy on Nov 1, 2016 6:14:47 GMT -8
Anyone have levels they are watching? I thought 113!might offer a little support. Next one I am watching is the 50 DMA currently around 112.42. Losing that get me out of a lot of my mid term option positions.
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Post by tuffett on Nov 1, 2016 6:30:54 GMT -8
Like I said, no reason to be in this stock right now. I got rid of half and got in AMZN after earnings. That stock is invincible - any dips are quickly bought back. Working out well so far. I might get back into AAPL to scalp the dividend.
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Post by firestorm on Nov 1, 2016 6:54:35 GMT -8
Like I said, no reason to be in this stock right now. I got rid of half and got in AMZN after earnings. That stock is invincible - any dips are quickly bought back. Working out well so far. I might get back into AAPL to scalp the dividend. At least AMZN has the courage to try out new ideas. I have loved Apple since 1987, but now I see products neglected or vanishing, while Apple has more employees than ever. Unless something changes soon, I think the company needs an entirely new leadership team. Jobs and Ives reminded me of Lennon and McCartney, with synergy and pushback when needed. But the songwriting team is long gone, and we are all the poorer for it.
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Post by tuffett on Nov 1, 2016 7:27:16 GMT -8
Like I said, no reason to be in this stock right now. I got rid of half and got in AMZN after earnings. That stock is invincible - any dips are quickly bought back. Working out well so far. I might get back into AAPL to scalp the dividend. At least AMZN has the courage to try out new ideas. I have loved Apple since 1987, but now I see products neglected or vanishing, while Apple has more employees than ever. Unless something changes soon, I think the company needs an entirely new leadership team. Jobs and Ives reminded me of Lennon and McCartney, with synergy and pushback when needed. But the songwriting team is long gone, and we are all the poorer for it. I like what the chip team is doing a lot. And I think the Apple Watch is a good product. The problem is that their other hardware lines are mature, the excitement is gone, people prefer saving money over upgrading, cheap devices are now really powerful and there is nothing coming out to battle these trends. Another big one is that with the trend towards nationalism Apple is losing its brand power in China. Apple Music, Apple Pay, TV, ResearchKit are all cool but they don't move the needle. The only reason to stay in the stock long term is for the cash generation which will eventually result in a massive dividend and corresponding increase in share price. This assumes that they can at keep earnings steady - certainly not a sure thing.
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Post by sponge on Nov 1, 2016 7:54:08 GMT -8
Well we touched the 50. I suspect we should recover from here and then go thru one more flush in Dec like we usually do. I will be watching the 200 as my next entry point. May not get that low or go thru it briefly, but history indicates a drop after earnings does not get completed until some gaps get filled.
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bud777
fire starter
Posts: 1,353
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Post by bud777 on Nov 1, 2016 8:04:46 GMT -8
I am not so pessimistic. Look at what has happened to the iPhone, the iMac and the OS over the past 10 years. Careful evolutionary refinement over time doesn't grab the headlines, but it is the core contributor to success. I cannot think of any aspect of Apples products that had not improved dramatically over the past ten years. Hardware, software, services, manufacturing, all of these are significantly better. Despite the "fast followers", Apple continues to increase the size of the moat.
We saw the same situation with Microsoft and the Mac. Apple innovated, Microsoft copied and look how that worked out. It is not just a matter of comparable implementations of features. Because Microsoft was copying, they were always rushing to get the features out the door. This led to chaotic software development practices and half debugged code that eventually, like concrete settling around their feet, destroyed their ability to compete. Since Vista, Microsoft has been one attempt after another to put lipstick on a pig. I would bet that there is no one in Microsoft, no one, who understands more than 5% of the code in the current version of Windows.
Exploding phones are another example of how "fast following" eventually catches up to a company.
The problem in my mind isn't the company, it is the stock. Specifically, it is the large number of unsophisticated investors. Those of us who follow Apple know all to well how easy it is for someone to manipulate the stock. The right FUD and the stock moves down 5 points while fundamentals are solid. The price of Apple is determined by traders and noise investors. The traders wait for the lemmings to move and exploit it. I think this is just perfect. A secure dividend paying investment that allows me to use options to harvest money from the herd. This works for me because I will never have to sell.
Kudos to Tuffet for acting on his beliefs and moving half of his position to AMZN. I hope it works out well. It make so much more sense than trying to turn Apple into that kind of stock. As the number one rule of investing says "Don't fight the market"
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Post by sponge on Nov 1, 2016 8:08:21 GMT -8
Apple is just fine. We will grow and there is plenty of room in the smart phone market. Not worried at all.
The new MacBooks show a bright future in innovation. In three years they will look radically different.
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Post by gtrplyr on Nov 1, 2016 8:58:41 GMT -8
No way to avoid politics at this point. Market is terrified of a Trump victory ... plain and simple. I'm not saying good or bad but the fact that he has a shot is making people very nervous.
This has nothing to do with the actual company .... then again if policies touted by Donald are put into place I don't see how Apple keeps selling millions of phones abroad.
I'm thinking about liquidating both my and my wife's IRA .... at least at that point if the market goes into a tailspin I've got some dry powder. My guess is that I'm not alone in that strategy .... haven't done it yet but it's weighing on my mind.
Cheers to the longs.
Once again ... I don't think I've offended any political parties, not trying to stir up that shit storm.
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Post by artman1033 on Nov 1, 2016 9:02:39 GMT -8
I have spent a lot of time in STORES. THIS FELLA/GAL has been tweeting for less than a week. twitter.com/obsoletegeniusThe tweets nail ME in at least 3 of them.... My observation of STORE personnel: Some of them must have worked previously at the Mos Eisley Cantina.
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Post by tuffett on Nov 1, 2016 9:15:45 GMT -8
No way to avoid politics at this point. Market is terrified of a Trump victory ... plain and simple. I'm not saying good or bad but the fact that he has a shot is making people very nervous. This has nothing to do with the actual company .... then again if policies touted by Donald are put into place I don't see how Apple keeps selling millions of phones abroad. I'm thinking about liquidating both my and my wife's IRA .... at least at that point if the market goes into a tailspin I've got some dry powder. My guess is that I'm not alone in that strategy .... haven't done it yet but it's weighing on my mind. Cheers to the longs. Once again ... I don't think I've offended any political parties, not trying to stir up that shit storm. Agree. The 15% corporate tax will be a big boost, but China sales will fall off a cliff, more than they are now. We all know which of the two the market is going to care about.
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Post by dreamRaj on Nov 1, 2016 9:27:19 GMT -8
We're back to 110s. A Clinton victory should help us rise back to 115. Else, we'll be in for a wild ride yet again.
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Post by mrentropy on Nov 1, 2016 9:29:39 GMT -8
Wow, just a dumpster fire now. Didn't even pause at the 50day. We've had several successful test of the 50 day that penetrated on the first attempt, but the recent ones recovered the next day. We are pretty oversold on RSI as well, but not overly so. We are also sitting on the uptrend line dating back to July, or through it depending on how you draw it. So I guess what I am saying is that we are at an inflection point. I've started to move out of January positions. How we behave tomorrow will influence how fast I finish closing them out. Other thoughts on our short term behavior?
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Post by tuffett on Nov 1, 2016 11:32:39 GMT -8
Latest rumor is that Airpods won't be ready until 2017. Pathetic if true.
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Post by appledoc on Nov 1, 2016 13:46:51 GMT -8
Latest rumor is that Airpods won't be ready until 2017. Pathetic if true. Should just scrap the idea altogether.
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Post by rickag on Nov 1, 2016 13:48:24 GMT -8
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Post by david on Nov 2, 2016 4:21:28 GMT -8
Apple didn't report installed base in Oct 2016 just as they didn't report it in Oct 2014 or oct 2015, but will report it Jan 2017 as they did in Jan 2015 and 2016. Just my WAG.
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