chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
|
Post by chinacat on May 19, 2018 8:03:48 GMT -8
I am sure that most AFB'ers were unsurprised by this week's results once the momentum from last quarter's FUD-beating earnings subsided. Unless there are some very surprising announcements from Apple, things could be relatively calm until the drumbeat for the Fall releases begins to build up. It would be great if the embarrassment of several prominent AAPL bashers in the most recent quarter resulted in more balanced reporting going forward, but I am not holding my breath. appleinsider has Developers Union urges Apple to allow free app trials, make it easier to earn a living. I am sympathetic, and of course pro-union being a dedicated Boston left-winger, but Apple operates in a different universe than when it was a plucky startup itself. Exclusive: Big funds knock Apple off its pedestal documents a surprising (to me at least) replacement for Apple as the new darling of the large investment companies. Our own investment firm is one of those who has dumped a bunch of AAPL in the last few quarters, and I plan to have a good laugh at our upcoming meeting with our account manager, who of course has been warning of our account's over weighting in AAPL. Meanwhile, it was a pleasure collecting the increased dividend payout this week. Finally, Apple’s iPhone X remained the world’s best-selling smartphone in March. The X forecast is certainly one of the biggest embarrassments ever for many of the "experts."
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
|
Post by chinacat on May 19, 2018 9:09:36 GMT -8
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
|
Post by chinacat on May 19, 2018 9:16:28 GMT -8
|
|
|
Post by sponge on May 20, 2018 7:09:59 GMT -8
I think the story about big funds dumping Apple last quarter is actually a positive story,
Apple hit 180 4x last quarter. We are now only 6 points above that.
I am pretty sure we will hit low 170s before this quarter is finished. Those same funds will be buying back at a cheaper price.
If they time it right they can repeat the process 4x a year and make 24%. That is what you call great investing
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
|
Post by chinacat on May 20, 2018 14:39:32 GMT -8
I think the story about big funds dumping Apple last quarter is actually a positive story, Apple hit 180 4x last quarter. We are now only 6 points above that. I am pretty sure we will hit low 170s before this quarter is finished. Those same funds will be buying back at a cheaper price. If they time it right they can repeat the process 4x a year and make 24%. That is what you call great investing Well, perhaps you are correct for some cases, but for the personal case I cited, the investment firm shed 11.7M, 23.8M and 21.1 M shares in the last three quarters, for a total of 55.6 M shares. The share price over that period began at $144.02 and finished at $187.04 (roughly a 30% increase). It would take a lot of clever trading to make up for the extra $2.39 B dollars they would have made just by holding.
|
|