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Post by bernard on Dec 7, 2012 7:32:38 GMT -8
Down 7 Here we go again.
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Post by mbeauch on Dec 7, 2012 7:34:24 GMT -8
Son of a.... worst case scenario.
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Post by terps530 on Dec 7, 2012 7:38:54 GMT -8
3 days in a row with a 20 point price swing in the first hour.
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Post by ibuyer on Dec 7, 2012 7:43:22 GMT -8
No follow through, very disturbing. IMO TC not defending shareholders in the interviews. His great product will lead to great profits give no urgency to buy the stock. IMO there is large turnover from growth funds to value funds. The company can make this transition smoother. oh well. some loyal shareholders might be wiped by then. way to reward loyalty.
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Post by mbeauch on Dec 7, 2012 7:44:20 GMT -8
3 days in a row with a 20 point price swing in the first hour. The volume has disappeared. There are no buyers. They managed to stop any advance at the open. All they had to do was outlast them for a short period of time, then let gravity do its things.
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Post by lance on Dec 7, 2012 7:56:33 GMT -8
What price does Apple have to fall to when the Apple going private talks come actually into play?
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Post by ibuyer on Dec 7, 2012 8:00:57 GMT -8
What price does Apple have to fall to when the Apple going private talks come actually into play? That's not happening unless really bad things happen to the company... by then we will all be wiped out. Buyback is the closest to a real floor. (until earnings)
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Post by mbeauch on Dec 7, 2012 8:10:35 GMT -8
What price does Apple have to fall to when the Apple going private talks come actually into play? It has been discussed before. 480 would be my guess. (4x cash)
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Post by bernard on Dec 7, 2012 8:36:18 GMT -8
What price does Apple have to fall to when the Apple going private talks come actually into play? It has been discussed before. 480 would be my guess. (4x cash) I know these are stressful times, but lets have a little rational thought here. Apple is not going to 480. And the talk of a buyback in a company of this size has little merit. The shares are being jerked around by those who can do it, just because they can do it. But didnt we all buy into this by trusting a company that gives inscrutable guidance quarter after quarter? Starting with SJ, Appl has always jerked around WS, and WS is paying them back.
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Post by erictheoracle on Dec 7, 2012 8:38:00 GMT -8
Mark, a take-under would require the equity to be trading far lower than that.
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Post by rob_london on Dec 7, 2012 8:42:49 GMT -8
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Dec 7, 2012 8:43:11 GMT -8
So how about this earnings runup?
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Post by lance on Dec 7, 2012 8:46:50 GMT -8
I agree we are no where close to going private talks popping up, but if we fall to idiot levels that some analysts say such as 400 a share. I don't think it will happen. I think we trade 500-700 for a while. To me then you have to think sub 400billion apple excutives are going to start really thinking about the option or at least doing an enormous buyback.
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Post by Lstream on Dec 7, 2012 8:53:42 GMT -8
I agree we are no where close to going private talks popping up, but if we fall to idiot levels that some analysts say such as 400 a share. I don't think it will happen. I think we trade 500-700 for a while. To me then you have to think sub 400billion apple excutives are going to start really thinking about the option or at least doing an enormous buyback. I will eat an iPhone and an iMac if Apple ever seriously considers going private.
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Post by tuffett on Dec 7, 2012 9:04:49 GMT -8
This volatility is really starting to get to me.
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Post by mbeauch on Dec 7, 2012 9:05:16 GMT -8
What price does Apple have to fall to when the Apple going private talks come actually into play? It has been discussed before. 480 would be my guess. (4x cash) Hello, I was answering his question about the talk of going private. I don't really believe Apple would take itself private, but I would also never say no. It would never do it with so many shares outstanding. It would initiate a buy-back program first. Bernard, I can't say where this ting is going, I never thought it would get this low.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Dec 7, 2012 9:07:13 GMT -8
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Post by ibuyer on Dec 7, 2012 9:07:37 GMT -8
I agree we are no where close to going private talks popping up, but if we fall to idiot levels that some analysts say such as 400 a share. I don't think it will happen. I think we trade 500-700 for a while. To me then you have to think sub 400billion apple excutives are going to start really thinking about the option or at least doing an enormous buyback. Aparently, management cares about products and not share price. I wonder why they cant care about customers AND shareholders. Why not use the 40B on-shore cash? Do they know something we don't or does the CFO/CEO need a lesson to enhance shareholders? TC so missed the mark for fund managers (or shorts) on his media tour. I think I want to puke a little
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Post by The Big Toe on Dec 7, 2012 9:09:05 GMT -8
If AAPL were to go private, or some other company attempted a takeover, it would not be at the current price. These things happen with a premium, and in the case of AAPL, I would think there would be a VERY LARGE premium.
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Post by ibuyer on Dec 7, 2012 9:10:03 GMT -8
This volatility is really starting to get to me. want me to pass the motion sickness bag after I am done with it?
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Post by mbeauch on Dec 7, 2012 9:10:20 GMT -8
Basically, Apple empowered Samsung by buying so much from them. What I never understood was when SS first started copying, why were the wheels not put in motion to go elsewhere for suppliers?
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Post by bernard on Dec 7, 2012 9:10:29 GMT -8
God it is hitting a 12.0 PE. There is no buying.
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Post by mbeauch on Dec 7, 2012 9:12:05 GMT -8
This volatility is really starting to get to me. You are lucky then because it has rattled me since 625 failed.
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Post by bernard on Dec 7, 2012 9:17:13 GMT -8
Im grasping at straws, but 530 was the May closing support and I believe it only closed once below that price on Nov 16. So maybe we are near a floor?
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Post by madmaxroi on Dec 7, 2012 9:19:16 GMT -8
IMHO, this stock will not be allowed by WS to move north of 600 until after earnings and if they disappoint for any reason and we know WS will find one, good luck with that. The fundamentals are good, but the days of the shock and awe EPS releases are over. I hope I am wrong, but I want out of this stock so bad I can taste it.
I am so so sick of the constant focus by the media and on TA as it relates to this stock. FA should rule the roost. Wall Street has probably always been and continues to be a casino.
I am either going to go down in a ball of flames or this stock has one more save in it to allow me to get somewhere close to where I was back on Sept 21. In either case, at that time I will bid you all a fond farewell as I look forward to a much less Apple-centric focused life.
Just my thoughts. Rant over. See you on the other side of the fiscal cliff.
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Post by Lstream on Dec 7, 2012 9:22:17 GMT -8
Im grasping at straws, but 530 was the May closing support and I believe it only closed once below that price on Nov 16. So maybe we are near a floor? Past patterns and performance from May are irrelevant. Do you actually think that all the people who buy or sell the stock now, let whatever happened in May enter into their decision making process at all? Or enough to matter? Yes, this is grasping at straws.
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Post by ibuyer on Dec 7, 2012 9:27:46 GMT -8
God it is hitting a 12.0 PE. There is no buying. Notice that not only there is a struggle between growth funds selling and value funds not wanting to catch a falling knife. We've had to large volume bottoms at 505 and 518 but this last bounce is not holding for even a day. Technicals i.e. sentiment completely broken. Short selling have no fear of a squeeze. TC said as much. He will focus on the long term. Ignore the fact, the long term is made up of a series of short terms. Also, there is sector rotation from tech to banks.
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Post by bribery on Dec 7, 2012 9:36:20 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Dec 7, 2012 9:37:27 GMT -8
There is a hit piece on Seeking Alpha by Stephen Rosenman today (refuse to link to it) that predicts an Apple miss for this quarter. This paragraph sums up his "logic."
----- Incredibly, Apple is still the world's most valuable company despite being out of its premier product - the iPhone 5 - for most of October and November. Doesn't make much sense to me. When you didn't have your key product on the shelves for most of the quarter, how do you make the numbers? It wasn't because iPhones were flying off the shelves. Apple had major supply issues - its manufacturer, Hon Hai, couldn't get enough off the assembly line. ------
Unbelievable. Demand has nothing to do with it...nope
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Post by phoebear611 on Dec 7, 2012 9:38:28 GMT -8
In my opinion and having seen this type of action on stocks in my years....lots of tax selling and LOTS of hedge fund redemptions...and they are selling AAPL. Unfortunately, it triggers tech levels and then it all just feeds on itself but I know several people with money in hedge funds and every single one is redeeming. Of course it begs the question - they'll come back in right?..even if it's another hedge fund. The answer is "probably" but I think they will wait for Washington to make SOME/ANY decision to eliminate some uncertainty. That's my opinion for what it's worth...anecdotal and having traveled down this road in other instances in the past.
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