As best I can figure it, sentiment drives the stock price. The balance of greed/fear and the "perception" of what the future holds drives supply/demand. Supply/demand drives the stock price. And the stock price drives the technicals.
I think the hardest thing for me to understand (because it defies logic) is that fundamentals don't drive sentiment as much as greed and fear. IMHO, behavioral finance (crowd psychology) runs the show.
Don't forget liquidity. You may want to buy more, but because of factors relating to available cash on hand, you may be forced to sell.
The Hobbit was quite good. Haven't read it in a long time, but I imagine some of the negative film reviews must be from folks who didn't read it or didn't appreciate the book. Or maybe they just don't like the 48fps 3D, but we saw it in 2D. Or maybe they didn't like the length. It does have more of the extended version feel, but the extended versions of the LOTR movies were better anyway. A+
Saw it opening night as 12:03A, 48fps 3D w/ATMOS Dolby. Amazing production!!
Kass just tweeted about a Citi downgrade on AAPL, price target lowered from 675 to 575. Yuck. Feels like this should be a contrarian sign, but that's probably just my hope talking.
That should push AAPL over its cliff.
Gonna be a tough day/week.
The bottom should appear between now and the end of the year. Typically, stocks bottom when they don't drop on negative news. I believe we are nearing that point. As I recently said, the smart money buys at the end of the year. The rest of us are bottom fishing (I did some on Friday).
I'm reading "The article regarding the downgrade is from 2007.". Who knows. Kass is known to be a bear.
This makes absolutely no sense. They began coverage 3 weeks ago with a bullish note from their 3-people team.
Citi in and of itself is a joke - this 3 person team is nothing more than a 3 ring circus trying to get attention for the firm that has been so badly damaged at so many levels including the latest debacle in firing Vikram Pandit. Cramer said last week that when stocks go down like this and all the PTs are high above - to be prepared that the analysts will not want to be left hanging out there so they will muster up reasons - any reasons - the "reason of the day" - to be able to adjust their PT lower. And so it begins with Citi -
"Cease endlessly striving for what you would like to do and learn to love what must be done." Goethe
Post by archibaldtuttle on Dec 16, 2012 19:41:01 GMT -5
Jeffi, is there anything interesting in the report?
It makes no sense that AAPL could go lower from here; the only thing to justify such a valuation is a wide belief that AAPL's earnings are going down. Hopefully Jan's report will clear that up once and for all.
I just don't get it. The p/e is 11.5. Even if AAPL contracted 10% on EPS for 2013 its cash would grow substantially with a net cash p/e of 10ish. I always knew the growth would slow, but I also thought the market would respect the cash accumulation.
More angry than anything now.
Last Edit: Dec 16, 2012 19:56:38 GMT -5 by mbeauch
IMO that's Worstall's best article for Forbes. he's usually bitching about either china labor conditions or rounded corners.
mercel: It's been a long strange trip - good to see you're still around (and in AAPL -my assumption).
May 10, 2019 12:48:32 GMT -5
Zeke: Long time no see. Nice to see familiar names still here.
Mar 25, 2019 14:42:52 GMT -5
sponge: Regarding the future of VR, I think it will be huge. I was a gamer when I was in college. But as an adult I lost interest. Last fall I flew up to visit my son at college and check out his new Vive set up. After playing with it for the weekend, I was
Apr 29, 2018 15:25:17 GMT -5
galleybob: thanks for your answer. I will copy and send to her
Nov 7, 2017 15:32:18 GMT -5
rickag: So since Jan 28th 2015 AAPL is up from 117.27 to 157.21
Aug 21, 2017 20:09:43 GMT -5
artman1033: VXAPL = 29.21 AAPL = $117.27 AFTER EARNINGS
Jan 28, 2015 14:54:46 GMT -5
artman1033: VXAPL = 44.94 AAPL = $110.39 BEFORE EARNINGS
Jan 27, 2015 11:12:53 GMT -5