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Post by rickag on Dec 10, 2012 10:31:34 GMT -8
Will Apple take the IT sector down with it?Now Apple is supposed to take down the entire IT sector. I'm speechless. from the article "Importantly, I have said before that I expect a material shift in growth in 2012, but we have not yet seen this show up in either earnings or revenue from Apple, but if it does, the valuation of the IT sector will be scrutinized extensively. That all starts with an evaluation of Apple's influence in previous quarters." So if Apple goes down, the "Smart Money" will scrutinize the entire sector and pull out.
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Post by appledoc on Dec 10, 2012 10:48:34 GMT -8
Interesting action. No commitment either way yet.
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Post by wheeles on Dec 10, 2012 11:01:36 GMT -8
Doug Kass on CNBC. Flat on the name. Thinks it is a trading stock for now. Does not think tax selling caused the drop. no clear +ve catalyst and growth going fwd a concern. Says Price to Sales high 1.8 versus hardware comps at .5 Terranova thinks weekly options making stock like a casino. Pitches buyback and faults management. (I agree 100%) I don't trade on fundamentals, but this is a complete load of BS. So selling tons of phones and tablets is not a positive catalyst? Er... Not sure that weekly options make AAPL a casino either, but they do need to be taken into consideration. As for blaming management, there are a lot of worse run businesses. In short these guys are just flapping their gums.
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Post by darrenhd on Dec 10, 2012 11:09:29 GMT -8
Doug Kass on CNBC. Flat on the name. Thinks it is a trading stock for now. Does not think tax selling caused the drop. no clear +ve catalyst and growth going fwd a concern. Says Price to Sales high 1.8 versus hardware comps at .5 Terranova thinks weekly options making stock like a casino. Pitches buyback and faults management. (I agree 100%) I don't trade on fundamentals, but this is a complete load of BS. So selling tons of phones and tablets is not a positive catalyst? Er... Not sure that weekly options make AAPL a casino either, but they do need to be taken into consideration. As for blaming management, there are a lot of worse run businesses. In short these guys are just flapping their gums. The entire situation just perplexes me. We all know the fundamentals are very strong, the PE is low, the growth potential is still there, they are selling lots of product, shipping times have come down on the iPhone 5. So why else is no one buying the stock? Is it because... 1) People selling becuase of anticipated higher tax rates (applies to USA only) 2) People really scared in general (of the economy) and selling their former prize possession in AAPL stock 3) Fiscal Cliff worries (USA only, but the world is impacted) 4) Worried about January earnings miss - lower margins, shortage of key products earlier in the quarter 5) Worried about competition? 6) Worried about management, maps 7) Worried no innovation anymore, so moving money on to the sidelines or in other stocks 8) I can tell you this: If AAPL misses Analyst estimates come January we are in real trouble. Questions: 1) When will this period of weakness end? 2) Will there be a Santa Claus Rally (may depend on Fiscal Cliff deal) 3) What will be the price action in January up until earnings? Lots of uncertainty....
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Post by terps530 on Dec 10, 2012 11:10:58 GMT -8
The Obaminator is going to be speaking soon from wherever he is soon. I'm expecting more of the same 'we are trying to resolve by not budging' crap. I doubt we get any actual fiscal cliff progress mentioned.
Anyway, be on the lookout for increased volume and my guess, downward pressure
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Post by nathanstevens on Dec 10, 2012 11:34:09 GMT -8
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Deleted
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Post by Deleted on Dec 10, 2012 11:40:32 GMT -8
I watched this yesterday, is very good. Really displays how pathetic/toothless the SEC is, when the evidence of manipulation easily uncovered by a single professor is completely ignored.
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Post by seabiscuit on Dec 10, 2012 11:50:21 GMT -8
The SEC isn't toothless, but it is pathetic. The Madoff robbery showed that.
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mark
fire starter
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Post by mark on Dec 10, 2012 11:57:42 GMT -8
I stopped in a Best Buy last week, and they had zero IPhone 5s. I mean none. The demo has been stolen and they could not even show me the phone. So discount? That is one amazing thief. Managed to steal a phone that does not exist yet. LOL. That only happens in bars ;D
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Post by ibuyer on Dec 10, 2012 11:59:09 GMT -8
AAPL flashed green for sec. I think it was b/c no new bad news from the POTUS. Can anyone confirm?
Volume not that high at ~19m with 1 hr to go. (3m average daily ~21m)
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Post by appledoc on Dec 10, 2012 12:02:20 GMT -8
I think above 534.50 sends us to 541.23.
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Post by jdrizzo89 on Dec 10, 2012 12:03:49 GMT -8
Saw the green too. Lets get a green close and above HOD close please. 540 what say uou
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Mav
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Post by Mav on Dec 10, 2012 12:05:20 GMT -8
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Post by tuffett on Dec 10, 2012 12:22:38 GMT -8
P/E of 12.00 and dividend of 2.00% right here.
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Post by appledoc on Dec 10, 2012 12:24:26 GMT -8
P/E of 12.00 and dividend of 2.00% right here. These things don't matter. You're better off not worrying about it.
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Post by terps530 on Dec 10, 2012 12:24:52 GMT -8
dear Big Money, It's been a really rainy weekend, and I'd really like to see a strong close to brighten my spirits.
Your pal, terps
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Mav
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Post by Mav on Dec 10, 2012 12:28:11 GMT -8
We don't care. The Market The Battle for 530 wrapping up soon.
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Post by po1nt on Dec 10, 2012 12:33:04 GMT -8
Lets go you fat PIG!
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Post by appledoc on Dec 10, 2012 12:39:54 GMT -8
IMO, and for my personal tastes...
Tradable downside target: 526.46 (78.6% retrace of 518.63 to 555.20) then 518.63.
Upside is way harder to sort through.
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Post by The Big Toe on Dec 10, 2012 12:39:54 GMT -8
... world's worst pick up line.
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Post by tuffett on Dec 10, 2012 12:41:21 GMT -8
P/E of 12.00 and dividend of 2.00% right here. These things don't matter. You're better off not worrying about it. Well, it was a floor on the correction from $644 and even this time we haven't spent much time below it. I consider it a pretty strong support level.
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Post by appledoc on Dec 10, 2012 12:43:28 GMT -8
These things don't matter. You're better off not worrying about it. Well, it was a floor on the correction from $644 and even this time we haven't spent much time below it. I consider it a pretty strong support level. The "rules" have been rewritten though. We spent a total of 8 days below P/E 13 during 2012 until this all began. I considered that pretty strong support too.
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Post by po1nt on Dec 10, 2012 12:43:56 GMT -8
... world's worst pick up line. It didn't seem to turn AAPL on either.....
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Post by The Big Toe on Dec 10, 2012 12:56:12 GMT -8
... world's worst pick up line. It didn't seem to turn AAPL on either..... "Hey AAPL, how are you doin'. My name is $540. Why don't you come and see me some time today?"
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Post by po1nt on Dec 10, 2012 12:58:57 GMT -8
It didn't seem to turn AAPL on either..... "Hey AAPL, how are you doin'. My name is $540. Why don't you come and see me some time today?" "Hey 540. Sorry, I cant make it. I'm too constipated with FUD!"
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Post by The Big Toe on Dec 10, 2012 12:59:59 GMT -8
"Hey AAPL, how are you doin'. My name is $540. Why don't you come and see me some time today?" "Hey 540. Sorry, I cant make it. I'm too constipated with FUD!" "No worries. Have fun hanging out with that slumpbuster, $529."
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Mav
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Post by Mav on Dec 10, 2012 13:18:08 GMT -8
Blah close. Time to check the charts.
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4aapl
Moderator
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Post by 4aapl on Dec 10, 2012 13:21:36 GMT -8
If this were a Friday, we'd blame this pegging at 530ish on something.
Volume's back to normal, but the stock sure isn't. Might be time to cash in some shares and put it into ATM spreads in April, Oct, and Jan '14 tranches. A P/E of 12 was my low guess for next year, but even a P/E of 11 with a low earnings growth would make those work out.
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Post by phoebear611 on Dec 10, 2012 14:20:44 GMT -8
847,855 shares traded at $529.77 at the bell on an uptick - fyi
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Mav
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Post by Mav on Dec 10, 2012 14:24:07 GMT -8
But that's not one order, eh?
Just the usual end-of-trading rush?
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