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Post by roni on Nov 23, 2012 12:53:47 GMT -8
I like this last week. If it is early, I most sincerely apologize to any OCD time-keepers out there
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Mav
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Post by Mav on Nov 23, 2012 13:11:47 GMT -8
Great week! Enjoy the weekend everyone. Anything can happen of course, but I like the odds for next week
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Post by appledoc on Nov 23, 2012 13:24:37 GMT -8
That was a damn good week.
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Deleted
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Post by Deleted on Nov 23, 2012 13:33:49 GMT -8
Have been a bit busy finishing up with my regular day job this week, but catching up on posts from the last few days I'm enjoying the change in mood around here now that the fever seems to have broken.
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Post by Tetrachloride on Nov 23, 2012 13:56:41 GMT -8
Too cold outside ? Rent an iTunes movie. Order an iPad mini. Watch the iPhone adsSunday night: Green Bay Packers vs. the New York Giants.
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Post by jdrizzo89 on Nov 23, 2012 14:35:15 GMT -8
Thank you sir ill have another week like this please
Also, being a midshipman I enjoy the talk about naval rank (red-shirted ensign)
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coma
Member
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Post by coma on Nov 23, 2012 16:20:33 GMT -8
. . . being a midshipman I enjoy the talk about naval rank Are you in Annapolis ?
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Post by Red Shirted Ensign on Nov 23, 2012 17:58:57 GMT -8
Thank you sir ill have another week like this please Also, being a midshipman I enjoy the talk about naval rank (red-shirted ensign) My pleasure, future fellow Ensign
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Post by Iceage on Nov 23, 2012 18:50:12 GMT -8
Went to my local Staples store today. It was all about Apple products. For the 5 mins I was there, I saw two MacBooks and two big iPad sold. iPad mini out of stock. On another note, I had two persons at work that came to check the iPad mini and both of them left convince that they were buying the mini for their kids and wife and these are the same people that were always on the fence about the iPad. IMHO, Apple has a huge winner with the mini if they can meet the demand. iPad mini will be the story of Q1.
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Post by cambrose on Nov 23, 2012 19:13:19 GMT -8
Went to my local Staples store today. It was all about Apple products. For the 5 mins I was there, I saw two MacBooks and two big iPad sold. iPad mini out of stock. On another note, I had two persons at work that came to check the iPad mini and both of them left convince that they were buying the mini for their kids and wife and these are the same people that were always on the fence about the iPad. IMHO, Apple has a huge winner with the mini if they can meet the demand. iPad mini will be the story of Q1. I agree. Since I got mine, I have purchased 7 more. Everyone in my family is getting one for Christmas now.
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Post by lovemyipad on Nov 23, 2012 19:30:17 GMT -8
My sister-in-law's husband got her an iPad today.
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Post by Wile E. Coyote on Nov 23, 2012 20:18:01 GMT -8
My sister-in-law's husband got her an iPad today. We were lured in by the black friday sales; just enough incentive to put plans into action. I dropped $1K at the online apple store (no pushing and shoving) buying newly released and updated products. I think Apple made a tremendous amount of money today. Thanks to all the regular posters who have certainly become "characterized" in my mind (think Calvin and Hobbes). Happy belated thanksgiving, WEC
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Post by mbeauch on Nov 23, 2012 20:27:06 GMT -8
WEC, the BBY and WM ads created mobs, yes Apple had a big day. If I were to guess it would be between 2~3 billion.
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Post by Red Shirted Ensign on Nov 23, 2012 20:27:34 GMT -8
My sister-in-law's husband got her an iPad today. We were lured in by the black friday sales; just enough incentive to put plans into action. I dropped $1K at the online apple store (no pushing and shoving) buying newly released and updated products. I think Apple made a tremendous amount of money today. Thanks to all the regular posters who have certainly become "characterized" in my mind (think Calvin and Hobbes). Happy belated thanksgiving, WEC Characterized? You mean we aren't real?
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Post by mbeauch on Nov 23, 2012 20:46:50 GMT -8
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Post by Tetrachloride on Nov 23, 2012 20:54:51 GMT -8
We were lured in by the black friday sales; just enough incentive to put plans into action. I dropped $1K at the online apple store (no pushing and shoving) buying newly released and updated products. I think Apple made a tremendous amount of money today. Thanks to all the regular posters who have certainly become "characterized" in my mind (think Calvin and Hobbes). Happy belated thanksgiving, WEC Characterized? You mean we aren't real? As real as any reality show.
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Post by roni on Nov 24, 2012 7:06:28 GMT -8
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Post by jdrizzo89 on Nov 24, 2012 9:06:59 GMT -8
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Mav
Member
[img style="max-width:100%;" alt=" " src="http://www.forumup.it/images/smiles/simo.gif"]
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Post by Mav on Nov 24, 2012 9:12:28 GMT -8
Whatever Henry Blodget the AAPL-hating banned-from-trading-for-life-by-the-SEC-guy (oh sure, it was just a settlement, but so was the $4 million he paid out) has to say, you can probably read about elsewhere with a quick Google search for better sources.
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Post by greedynoob on Nov 24, 2012 9:32:03 GMT -8
I agree. Since I got mine, I have purchased 7 more. Everyone in my family is getting one for Christmas now. And I'm willing to bet $1,000 right now that you did not send out a tweet about it from your Surface. Any takers?
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Post by cambrose on Nov 24, 2012 9:35:18 GMT -8
I agree. Since I got mine, I have purchased 7 more. Everyone in my family is getting one for Christmas now. And I'm willing to bet $1,000 right now that you did not send out a tweet about it from your Surface. Any takers? Good one
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Post by Red Shirted Ensign on Nov 24, 2012 9:55:55 GMT -8
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Post by Lstream on Nov 24, 2012 9:59:34 GMT -8
Thanks for at least telling us that the link was from BI. That way I could avoid clicking, and rewarding Blodgett and his gang of National Enquirer wannabees. I refuse to reward those parasites with a page hit.
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Post by appledoc on Nov 24, 2012 10:11:49 GMT -8
Merckel's burn is so damn good.
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Post by Rupert on Nov 24, 2012 10:13:40 GMT -8
Nick Nansen Says....Why The Pros are Long Apple and Why The News Will Be PositivePosted on November 24, 2012 Now that Apple is headed to 600, there is a lot of fear that Apple is going to top out and never going higher. A lot of very smart people have this idea that Apple has been driven under a 13 PE ratio and it will never again run back up to a 16 or 17 PE ratio. It’s important to remember that the professionals do not make the big gains by allowing Apple to languish in the 500′s for any length of time. They did very well by running Apple down, they will do very well running Apple up. Look at the series of highs and lows that they have driven Apple in the last 2 years. Let’s start with the high of 426.70 on 10/17/2011, which was a PE ratio of 16.89. They then pushed Apple down to a low of 363.42 on 11/25/2011 which was a PE ratio of 13.13. Then they pushed it back up to a high of 644 on 4/10/12 which was a PE of 18.34. They turned around and pushed it to a low of 528 on 5/28/2012 which was a PE ratio of 12.89. Then up they go to a high of 619.87 on 7/10/2012 which was a PE ratio of 15.12. Then they push it down to a low of 570 on 7/25/2012 which was a PE ratio of 13.40. Then up we go to a high of 705 on 9/21/2012 which was a PE ratio of 16.57. Then they pushed it down to a low of 505.75 on 11/16/2012 which was a PE ratio of 11.45. Is a light bulb going off? This is a giant game that the professionals play to create wealth for themselves and that wealth comes directly out of the pocketbooks of the retail trader. This game is played to perfection by the pros. They know that the average investor is too frighterned to buy near the bottom. In fact, the average investor is selling near the bottom because he is so terrified. I know millions of investors have been selling as Apple plunged to 505. How many of those same investors have bought down here. Less than 5%. It is sad but true. The consensus is Apple is finally broken and it is now fairly valued. So many investors buy into all the negative news stories put put out by the Hedge Funds and Big Bank Trading desks and think Apple has a fair valuation and it will not be going much higher any time soon. First of all the pros could care less about fair valuation. They only care about making money and they do that by running Apple up and then running it down. Apple is fairly valued about 5% of the time. The rest of the time it is either underpriced or overpriced. The average retail investor will not buy Apple until it is well above 620 and it has proven itself. They will not really buy Apple until it is racing from 650 to 700. If it gets over 700, they will really start buying it, thinking it is going to the moon. Now that we are heading up, the Hedge Funds and Big Bank Trading desks will start running incredibly positive stories on Apple. Why? because they are now long and will stay long until the retail public really piles into Apple because it is the best company in the world. Then all of a sudden, they will take their profits and go short and start running Apple down again. This is why I know for a fact that Apple will recover quicker than any of you imagine and why Apple will end up higher thab any of you imagine. I cannot predict when Apple will reach it’s high or how high of a PE ratio it will achieve. That part is unpredictable. What I am sure of is that Apple will keep going up and it will go higher than most people predict. At some point it will top out and we will start this roller coaster ride all over again. What are some guideposts that I will be watching? There are 2 time periods we have to watch. Right before Jan earnings we have Jan options expiration and right after Jan earnings we have the truth known as Q1 earnings which everyone has to acknowledge whether they like it or not. Apple could put in a high before Jan options expiration and sell off into expiration and earnings or it could just keep running up into earnings. That part is unknowable. Apple could be at a 15 PE ratio before earnings which is 662 or a 15.5 PE ratio which is 684. Jan earnings will have a huge affect on Apple; we could see a 50-100 run to the upside or a 50-100 gap down and run to the downside. I believe there is about a 90% chance the result will be positive. Regardless, sometime in late December to early February we will see Apple put in a new high before it starts the sell off and negative news cycle all over again. For you retail investors, quit trying to figure out what is a fair value for Apple. Quit trying to analyze all the news stories and figure what Apple’s future is. This all plays into the game that the professional traders are playing on you. Just focus on Apple’s trends and PE ratios. Is the trend up or down? Is Apple selling for a 12 or 13 PE ratio or a 16 or 17 PE ratio. It’s that simple. Don’t complicate this. You have been buying when Apple has been in an uptrend for months and the PE ratio is 15,16,or 17 and the news is incredibly bullish. You have been selling when Apple has been selling off for months and the news is incredibly negaative and the PE ratio is 13 or 12. You have got to reverse this psychology and realize this is just a game that is played over and over again. If you think that this time is different, you have really bought into the pros storyline. The game never changes. LINK: nanseninvestments.com/
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Deleted
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Post by Deleted on Nov 24, 2012 11:26:07 GMT -8
Merckel's burn is so damn good. Shhhh, anonymity is underrated....
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Post by artman1033 on Nov 24, 2012 11:57:40 GMT -8
Apple's iPad made up nearly 10% of online shopping traffic on Black Friday this year, according to IBM, while the iPhone brought in almost 9% and Android devices comprised 5.5%. ZOUNDS!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Nov 24, 2012 12:21:46 GMT -8
Didn't we just talk about this? Please do not link to this evil click-baiting site, especially not off-topic articles. TIA.
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Mav
Member
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Post by Mav on Nov 24, 2012 13:57:41 GMT -8
Bwahaha.
iPads and iPhones buying stuff like iPad minis and iPhones and Macs for Black Friday.
Glorious. Which is the exact opposite of Blodget.
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Post by rutgersguy92 on Nov 24, 2012 14:15:08 GMT -8
I went to a wedding last night in a very industrial area in northern NJ. A number of guests had their devices out, so I was curious as to the mix of different phones. Throughout the night, I noticed nothing but IPhones, and not even a single Samesung phone. Even when I was trying to find a Samesung phone, I still kept seeing IPhones. All together, there were probably 6 to 8 phones in my survey. The crowd at this wedding was decidedly middle class, and working class (I could tell by the cars in valet parking when I had to go back to my car for my envelope), so this was encouraging. (And, of course, whenever I noticed one, I would always compliment the owner with a "very smart choice", which always elicited a smile.)
When I was chatting about this to my young cousin (24 years old, a hairdresser), she said both she and her boyfriend have the Galaxy. When I mentioned to her to do herself a favor and buy an IPhone, she said, I barely know my Galaxy, and don't want to learn a new phone; so I offered to go to her house and school her on it. (By the way, her 22 year old sister sat at our table, and, while I didn't know what phone she had, her boyfriend happened to have an IPhone 5).
My other cousin (early 30's) in this same wing of our family works for a bank in NYC which has a prop desk, and does computer software stuff for them. We discussed a little about HFT, and he gave a little smile, like he knew where I was going. But he also told me that when stocks go down big (like AAPL at 505), the programs do a "mean reversion", which brings the stock back up. I mentioned that apparently different dynamics were at play on Nov. 8 & 9 (i.e., long-term capital gains selling), so you have to be aware of what's pulling it down. But he overheard my comments to my 24 y.o. cousin, and chipped in like he was defending Samesung. When I asked him what phone he has, he said an IPhone. I guess his point is that the other phones are good too, and AAPL can't sell every smartphone. But an interesting experience. Next family reunion, I know who I am going to sit with and have some beers, in the hopes of getting some dirt.
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