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Post by dreamRaj on Dec 5, 2019 7:00:50 GMT -8
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Ted
fire starter
Posts: 882
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Post by Ted on Dec 5, 2019 8:52:08 GMT -8
This guy's on to something. Apple is coming into this X-Mas season with a full line-up of very sexy and very competitive products. I'm sure hopeful we're going to see some killer results soon. www.ped30.com/2019/12/05/citi-hikes-apple-300/“ This year Apple is not facing supply yield production constraints nor a staggered iPhone product launch,” Suva wrote in a note to clients.
And his research suggests the some of the “hottest” products across all segments during Black Friday and Cyber Monday were Apple AirPods and the Apple Watch 3 Series."
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Post by dreamRaj on Dec 5, 2019 10:58:15 GMT -8
AAPL's doing pretty well today compared to the Dow and other techs. Seems like the big resistance on the way is 270. News about robust holiday sales of Apple products from big retailers or phone companies will help cross the 270 hurdle easily.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Dec 5, 2019 12:15:02 GMT -8
AAPL's doing pretty well today compared to the Dow and other techs. Seems like the big resistance on the way is 270. News about robust holiday sales of Apple products from big retailers or phone companies will help cross the 270 hurdle easily.
it can go higher for sure but not 'easily'
there better be a trade deal by dec 15th..... or at least exemption for iphones if tariffs go into effect, otherwise 270 is not the hurdle we'll worry about
btw, did your order for jan 280s fill? i assume not since aapl had to go lower for that, but if it did congrats on nice bounce
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Post by dreamRaj on Dec 5, 2019 12:30:10 GMT -8
AAPL's doing pretty well today compared to the Dow and other techs. Seems like the big resistance on the way is 270. News about robust holiday sales of Apple products from big retailers or phone companies will help cross the 270 hurdle easily. it can go higher for sure but not 'easily' there better be a trade deal by dec 15th..... or at least exemption for iphones if tariffs go into effect, otherwise 270 is not the hurdle we'll worry about btw, did your order for jan 280s fill? i assume not since aapl had to go lower for that, but if it did congrats on nice bounce
Hey, nope. AAPL would've had to fall to 154 for that. But I do have 100 of the Jan 280s. When we'd last chatted about this some 10 days ago?, these calls fell to 2.80 or so and when AAPL did a rebound, I bought 100 for 31K. It's getting too risky to hold them now. When we hit 268 again and they cross $3.10, I'll sell them off and add to my Jun 2020 300 position.
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Post by dreamRaj on Dec 5, 2019 13:04:18 GMT -8
It held up well till the very end. Closed at 265.58, up by $3.84. Seems like we should have a good ending to the week tomorrow.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Dec 5, 2019 13:25:34 GMT -8
Poor tax conduct. 🙄 It’s never enough of other people’s money for the leftists. 💸
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on Dec 5, 2019 14:29:23 GMT -8
Poor tax conduct. 🙄 It’s never enough of other people’s money for the leftists. 💸 Nice trolling. And apparently the mere idea of corporations paying their fair share of taxes is too much for whiny right-wing snowflakes to handle.
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platon
Member
"All we can know is that we know nothing. And that's the height of human wisdom.? Tolstoy
Posts: 3,944
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Post by platon on Dec 5, 2019 15:10:38 GMT -8
Poor tax conduct. 🙄 It’s never enough of other people’s money for the leftists. 💸 Nice trolling. And apparently the mere idea of corporations paying their fair share of taxes is too much for whiny right-wing snowflakes to handle. From the article. "Presents itself as “the world’s largest taxpayer” and it certainly makes the largest tax contribution of the Silicon Six, having paid $93.8bn in income taxes this decade (albeit on profits of $548.7bn and revenue of $1,888.0bn). However, cash tax paid as a percentage of profit over the decade is still a relatively low 17.1%. The trend of low current tax provision in connection with foreign profits continues in 2019, with just $3.9bn booked on $44.3bn of foreign profit, giving a booked current tax rate of just 8.9%." Like JD said it is never enough. Apple is committed to its shareholders to pay only what it legally owes. It did that. Those who don't understand this don't understand (or don't like) capitalism. One might consider the amount of tax paid by Apple employees as well. I think Apple is paying what it owes and does not have to grovel to the jealousy of its detractors. Don't like Apple taking advantage of the system, pass a flat tax or the fair tax.
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benoir
fire starter
*
Posts: 1,318
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Post by benoir on Dec 5, 2019 16:14:19 GMT -8
Nice trolling. And apparently the mere idea of corporations paying their fair share of taxes is too much for whiny right-wing snowflakes to handle. From the article. "Presents itself as “the world’s largest taxpayer” and it certainly makes the largest tax contribution of the Silicon Six, having paid $93.8bn in income taxes this decade (albeit on profits of $548.7bn and revenue of $1,888.0bn). However, cash tax paid as a percentage of profit over the decade is still a relatively low 17.1%. The trend of low current tax provision in connection with foreign profits continues in 2019, with just $3.9bn booked on $44.3bn of foreign profit, giving a booked current tax rate of just 8.9%." Like JD said it is never enough. Apple is committed to its shareholders to pay only what it legally owes. It did that. Those who don't understand this don't understand (or don't like) capitalism. One might consider the amount of tax paid by Apple employees as well. I think Apple is paying what it owes and does not have to grovel to the jealousy of its detractors. Don't like Apple taking advantage of the system, pass a flat tax or the fair tax. Agree, Apple is likely complying with tax laws of any particular jurisdiction. This has absolutely nothing to do with left or right. Tax law is complex and is the product of government of both persuasions. It's likely the legislation that is lacking - someone's gotta pay for the roads and bridges.
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