Mav
Member
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Posts: 10,784
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Post by Mav on Nov 13, 2012 23:37:09 GMT -8
Another big day ahead.
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Post by phoebear611 on Nov 14, 2012 3:41:22 GMT -8
AAPL still green in PM but I fear politicians today may continue to grab the headline. Lloyd Blankfein started the morning with an Op Ed in NYT wrt taxes, fiscal cliff, etc. This plus today's CEO meetings with the Prez will be chatter all day...and then at 1:30 we will see what the commentary is from Obama as he holds his news conference. I don't know if there is any other big market news out there today...we may be held hostage to the mood in DC
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Post by phoebear611 on Nov 14, 2012 3:55:08 GMT -8
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Post by rob_london on Nov 14, 2012 3:59:19 GMT -8
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Post by phoebear611 on Nov 14, 2012 4:13:14 GMT -8
If this comes to fruition and the survey isn't flawed - this is like a whole new product for them. I love unintended positive outcomes! And in reality it actually may be cannibalization...except of the entire Pad market --at all sizes!
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Post by phoebear611 on Nov 14, 2012 4:20:45 GMT -8
For those of us looking at some levels along the way, Scott Redler just tweeted: "Support $535-537. Micro resistance $550.50ish then $555-$556 with a bigger spot $562."
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Post by lovemyipad on Nov 14, 2012 4:32:54 GMT -8
You are right -- I am confusing myself! QE3 = $40B monthly purchase of mortgage bonds. Now for some reason (not sure if I read this or dreamed it), I thought that hit this week... the settlements do begin wed (14th). somewhere I read because its MBS, it takes longer (eg until now) for the money to start sloshing around the system. Thanks, Kloot!!
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Post by phoebear611 on Nov 14, 2012 4:33:25 GMT -8
On another note: Am I completely naive but who the hell knew that Generals had groupies?!!! I thought that was reserved for rock bands and stars. I must be completely out of touch.
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Post by phoebear611 on Nov 14, 2012 4:35:18 GMT -8
the settlements do begin wed (14th). somewhere I read because its MBS, it takes longer (eg until now) for the money to start sloshing around the system. Thanks, Kloot!! iPad - is your point that money from this is coming into the system potentially pushing equities higher? I must have lost a few comments along the way.
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Post by lovemyipad on Nov 14, 2012 4:38:15 GMT -8
Phoebes, yes. In theory, that's how it's supposed to work. Currency is devalued/deflated, and commodities and equities are inflated.
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Post by phoebear611 on Nov 14, 2012 4:41:58 GMT -8
Phoebes, yes. In theory, that's how it's supposed to work. Currency is devalued/deflated, and commodities and equities are inflated. Yes, yes - agree but I guess I struggle because I'm wondering if there will really be an impact here. We'll see I guess. Let's hope Washington has something positive to say for the markets - I think most focus will be on there. If people feel good about clarity and resolve they will commit $$$ -- if people dig their heels in on either side, this could drag on and be destructive. They should all check their stilettos at the door and just wear flats into their negotiations!
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Post by artman1033 on Nov 14, 2012 5:11:03 GMT -8
PUBLIC NOTICE TO THE FBI
I would like to take the time NOW to point out that just because I refer to some female members of our internet community as "Sweetheart" or "Dear" Does not "ALWAYS" mean that we are engaged in procreation activities.
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Post by phoebear611 on Nov 14, 2012 5:15:49 GMT -8
PUBLIC NOTICE TO THE FBII would like to take the time NOW to point out that just because I refer to some female members of our internet community as " Sweetheart" or " Dear" Does not "ALWAYS" mean that we are engaged in procreation activities. A laugh out loud moment.....Priceless! +1
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Post by phoebear611 on Nov 14, 2012 5:25:29 GMT -8
So some food for thought that I was just listening to: if we go to higher div tax rates in the future, another way to bring more value to shareholder could be through stock buy backs. I actually like that even better! Hope the idea spreads!
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Post by fas550 on Nov 14, 2012 5:27:32 GMT -8
IMHO the tide is turning. We have had higher call volume than put volume for a few days now. Given these are basically futures I am more inclined to believe this is a leading indicator i.e. the call volume will exceed the put volume prior to a number of positive closes on the stock (how far leading is a big question). Based on some very brief research this seems to be the flow. Gregg T deserves the credit for bringing this to my attention.
Anyway here are some interesting numbers as of market closed yesterday.
Apple Put Volume: 241,046 contracts Call Volume: 296,365 contracts Put/Call Ratio: 0.81
Google Put Volume: 19,402 contracts Call Volume: 17,858 contracts Put/Call Ratio: 1.09
Amazon Put Volume: 17,983 contracts Call Volume: 15,347 contracts Put/Call Ratio: 1.17
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Post by fas550 on Nov 14, 2012 5:42:29 GMT -8
So some food for thought that I was just listening to: if we go to higher div tax rates in the future, another way to bring more value to shareholder could be through stock buy backs. I actually like that even better! Hope the idea spreads! Good point at the same time think about this: For meaningful stock buyback they would probably need to bring in some of the pile of cash from overseas so basically a dollar brought back would not be a dollar because of the taxes they would have to pay (might be the same for a dividend too but I believe a meaningful higher dividend would not cost as much as a meaningful buyback). Basically what I am saying is either we pay the taxes on the dividend and Apple retains value or they pay the taxes on the buyback etc and loose what could be about .23c on the dollar. I'm not sure and all I can see right now is an image of a self-licking ice cream. Anyway hopefully better heads in the Apple CFO office are trying to figure what do do with all that cash. It is already bordering on embarrassment as no event, acquisition or supply chain maneuver would even come close to depleting the hoard by any significant level. The pressure during conf calls will increase as the hoard gets larger and explanations get weaker as why that money isn't going back to stockholders who after all are the owners; given if they continue to show they don't have any plans for the money.
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Post by phoebear611 on Nov 14, 2012 5:47:21 GMT -8
So some food for thought that I was just listening to: if we go to higher div tax rates in the future, another way to bring more value to shareholder could be through stock buy backs. I actually like that even better! Hope the idea spreads! Good point at the same time think about this: For meaningful stock buyback they would probably need to bring in some of the pile of cash from overseas so basically a dollar brought back would not be a dollar because of the taxes they would have to pay (might be the same for a dividend too but I believe a meaningful higher dividend would not cost as much as a meaningful buyback). Basically what I am saying is either we pay the taxes on the dividend and Apple retains value or they pay the taxes on the buyback etc and loose what could be about .23c on the dollar. I'm not sure and all I can see right now is an image of a self-licking ice cream. Anyway hopefully better heads in the Apple CFO office are trying to figure what do do with all that cash. It is already bordering on embarrassment as no event, acquisition or supply chain maneuver would even come close to depleting the hoard by any significant level. The pressure during conf calls will increase as the hoard gets larger and explanations get weaker as why that money isn't going back to stockholders who after all are the owners; given if they continue to show they don't have any plans for the money. All true - but we are also assuming that there won't be some type of Washington negotiation on bringing that cash back in some "tax holiday" way. That - if it happened - would be great. Naturally these are all pie in the sky scenarios but who knows?!
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Post by artman1033 on Nov 14, 2012 5:48:53 GMT -8
RE-patriating Foreign earnings. Some have pointed out, Apple has PREPAID the income tax on much of their foreign earnings. It appears as a liability on their 10-Q
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Post by fas550 on Nov 14, 2012 5:52:34 GMT -8
...The pressure during conf calls will increase as the hoard gets larger and explanations get weaker as why that money isn't going back to stockholders who after all are the owners; given if they continue to show they don't have any plans for the money. All true - but we are also assuming that there won't be some type of Washington negotiation on bringing that cash back in some "tax holiday" way. That - if it happened - would be great. Naturally these are all pie in the sky scenarios but who knows?! I really, really hope so.. All the talk of bringing jobs back here... They could bring SOME jobs back hear and link X number of jobs with X relief on the cash. Heck even strapped states could offer to pay/subsidize the tax on offshore funds for a company IF the company agreed to put new jobs or a plant in the state. (this is of course a little pollyannish given most states finances).
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Post by lance on Nov 14, 2012 5:53:37 GMT -8
AAPL finally is in reasonable reach of one of its MA's. The 10 day SMA is around 566. This would be the first hurtle to climb over. Next the 20 day MA which is also fast approaching now is at 595. 50 day and 100 day and 200 day are still trending flat to slightly down and will be awhile before they are approached.
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Post by Red Shirted Ensign on Nov 14, 2012 5:53:40 GMT -8
On another note: Am I completely naive but who the hell knew that Generals had groupies?!!! I thought that was reserved for rock bands and stars. I must be completely out of touch. Rock bands, stars and moderators of finance boards.
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Post by fas550 on Nov 14, 2012 5:55:51 GMT -8
RE-patriating Foreign earnings. Some have pointed out, Apple has PREPAID the income tax on much of their foreign earnings. It appears as a liability on their 10-Q I am really not sure. I hear that but at the same time I hear Apple complaining about how much is offshore because of taxes. If it wasn't an issue I don't understand why they bring it up and why they don't bring it back. Once again I am not sure but something points more to the being an issue somewhere than no issue at all.
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Post by phoebear611 on Nov 14, 2012 5:56:14 GMT -8
RE-patriating Foreign earnings. Some have pointed out, Apple has PREPAID the income tax on much of their foreign earnings. It appears as a liability on their 10-Q I believed they "accrued" it - not necessarily "prepaid" - so in fact if there was a tax holiday - they could flood that accrued money into earnings. Which, would be a double holiday for us - higher stock price and higher earnings. I'll take it!
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Post by artman1033 on Nov 14, 2012 5:58:05 GMT -8
On another note: Am I completely naive but who the hell knew that Generals had groupies?!!! I thought that was reserved for rock bands and stars. I must be completely out of touch. Rock bands, stars and moderators of finance boards. FWIW: It appears at first notice to me that most of the emails between General Allen (USMC) and the "social" lady in Tampa were about "Wounded Warrior" projects that both were involved with.
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Post by fas550 on Nov 14, 2012 6:03:55 GMT -8
RE-patriating Foreign earnings. Some have pointed out, Apple has PREPAID the income tax on much of their foreign earnings. It appears as a liability on their 10-Q I believed they "accrued" it - not necessarily "prepaid" - so in fact if there was a tax holiday - they could flood that accrued money into earnings. Which, would be a double holiday for us - higher stock price and higher earnings. I'll take it! Just found this from CFO PO. "Repatriating the cash from offshore would result in significant tax consequences under current U.S. law. We have expressed our views with Congress and the administration. We think that the current tax laws provide a considerable economic disincentive to U.S. companies that might otherwise repatriate the substantial amount of foreign cash that they have. And that's our view, and we've expressed it." Just do a goog search on apple overseas money etc.. and there is a lot of info. Basically PO is stating there are no plans to bring it back until the tax laws change.
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Post by Rupert on Nov 14, 2012 6:06:53 GMT -8
Resistance/Support Wednesday 11/14/2012
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Post by mbeauch on Nov 14, 2012 6:07:44 GMT -8
IMHO the tide is turning. We have had higher call volume than put volume for a few days now. Given these are basically futures I am more inclined to believe this is a leading indicator i.e. the call volume will exceed the put volume prior to a number of positive closes on the stock (how far leading is a big question). Based on some very brief research this seems to be the flow. Gregg T deserves the credit for bringing this to my attention. There was a chart put up about a week ago showing the ratio's. At one point last week it dropped into the 20's for a day. When I see all those calls overhead it just confirms we are not going up. That is a big concern also, the slow death sideways move . As for the QE3, the fact that all assets needs to be raised in value to combat the fiscal imbalance should be taken into consideration. The talk of another recession is scary. Do I think it is going to happen, not really. I do not think we can survive another recession so quickly after this jobless recovery. If we are starting at 8% UE going into another recession, 10% would be a given. There goes the housing market, automobile market and computers. (People will still buy phones, they are necessities now) Ben knows this, hence the open checkbook. Money seeks return.
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Post by artman1033 on Nov 14, 2012 6:08:37 GMT -8
My fellow Americans have spoken. It WILL not happen. Apple has +$75 Billion sitting in Irish banks. Apple has prepaid "some" of the income tax on this money, but has not brought it back to US banks to distribute it to shareholders with a share buy back or special dividend. It is called by some a "territorial tax". HERE
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Post by fas550 on Nov 14, 2012 6:11:20 GMT -8
Rock bands, stars and moderators of finance boards. FWIW: It appears at first notice to me that most of the emails between General Allen (USMC) and the "social" lady in Tampa were about "Wounded Warrior" projects that both were involved with. 30K of Emails? I guess they handled each W Warrior on a case by case basis :-). Seriously there is much more to Jill Kelly and she is being vilified in the British press (ironic really, given she likes to be the center of attention.) They just found the biographer hiding out at her brother's house in D.C. This story is going to go on for days as the press dissects the lives of those involved. It has power, sex, intrigue etc....
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Post by mbeauch on Nov 14, 2012 6:24:14 GMT -8
Why is she being vilified? LOL The funny thing is that she has an unpaid position. (I guess if she was getting paid they would call her a hooker.) There is so much more to this story and it looks like all the dirty laundry is going to fly out the window. Amazing how Benghazi has been moved to the back burner.
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