chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
|
Post by chinacat on Mar 16, 2019 5:18:16 GMT -8
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
|
Post by chinacat on Mar 16, 2019 6:08:43 GMT -8
|
|
|
Post by sponge on Mar 16, 2019 9:15:50 GMT -8
Well the charts say we correct next week. The amount is up for debate. I say down to 182 but the charts say 176. Either way I will dip my toes by buying a few puts by end of Monday.
Apple keeps sending me emails to get me to trade in my 8 for the XS. I am on the upgrade program. What is interesting is that had I upgraded back in Sept. my monthly payments would have been $45.99. Now they are offering the same phone for 35.99. So Apple is discounting that iPhone 20%. What is even more crazy is that I am not interested in doing so at all. (My attitude may change in a few months, but then I would be part of the top 1% so I won’t count as a regular customer)
So Apple is discounting the latest iPhone by 20%. What do you think Q2 will look like in iPhone revenue with that type of a discount? Now it only applies to folks like me which I think make up a small portion of the base, and also they are selling plenty of other products to limit the damage from iPhone sales.
Like I said. I will be in Shanghai in four weeks. Will chat with a few folks who manage assets for the richest Chinese in the country. It will be interesting to see what I learn.
This week I did talk with the CEO of Dubai South the worlds largest airport. He reports corporate flight activity had decreased in the last 8 months. Keep in mind the UAE sovereign wealth fund is worth between 2 to 5 trillion ( depending on who you ask). When that type of traffic slows down in one of richest countries in the world, people should pay attention. Lots of billioners come to the UAE seeking those funds for investments.
On a side note, it looks like China trade deal will be pushed to June. If that does happen, the correction I see in June could be pushed back to late summer or early fall. Will watch open interest closely.
|
|
|
Post by nwjade on Mar 16, 2019 17:58:17 GMT -8
Largest weekly gain since December 21. Week ending December 21st was a loss of 8.9%...
Need to go clear back to the August 3rd gain of 8.91% to beat this weeks gain.
But who's keeping track
The news flow/sentiment was quite positive last week after a month of sideways consolidation.This coming week should be very interesting with the March 25th event hanging out there. Is it baked into the price, will there be more buying, will there be a ringing of the cash register after a huge weekly gain? Perhaps we'll see a week where the price is unchanged. Expectations are high for whatever will be unveiled that's for sure creating a big sell the news risk if there's a disappointment. The $186.12 level we're at was a key close above the December 3rd $184.03 close. A positive reception of the March 25th event especially preceded by sideways action during the next 5 trading sessions would be ideal for another leg up. We'll see, I prefer to remain positive. Just my $.02
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
|
Post by chinacat on Mar 16, 2019 19:26:26 GMT -8
Largest weekly gain since December 21. Week ending December 21st was a loss of 8.9%...
Need to go clear back to the August 3rd gain of 8.91% to beat this weeks gain.
Apologies, of course that makes sense. I have no idea what I was looking at. Guess I wasn't awake yet. Thanks for correcting the record.
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
|
Post by chinacat on Mar 17, 2019 5:31:57 GMT -8
OK, I figured out my gaffe. There was indeed a $14.75 move for the week ending December 21, but in my haste to get the weekend thread open I failed to notice that it was negative. Apologies to the group and thanks to nwjade for the correction. Meanwhile, (said in Stephen Colbert voice )... Rolling Stone (!) has Inside Garageband, the Little App Ruling the Sound of Modern Music
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
|
Post by chinacat on Mar 17, 2019 7:33:23 GMT -8
|
|