Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Feb 17, 2020 4:12:35 GMT -8
Good morning. It’s President’s Day and the stock market is closed. Enjoy the day.
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Post by rickag on Feb 17, 2020 5:50:06 GMT -8
Good morning. It’s President’s Day and the stock market is closed. Enjoy the day. My wife & I will. Leaving Great Harbor, BVI this morning to sail around & get some swimming/snorkeling in. If you squint you can see Corsairs. Soggy Dollar & Foxys for the win.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Feb 17, 2020 7:19:50 GMT -8
Good morning. It’s President’s Day and the stock market is closed. Enjoy the day. My wife & I will. Leaving Great Harbor, BVI this morning to sail around & get some swimming/snorkeling in. If you squint you can see Corsairs. Soggy Dollar & Foxys for the win. Thanks Rickag, wishing I was there. It’s cold and rainy here. Thank you for sharing.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Feb 17, 2020 13:36:32 GMT -8
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Post by zebrum on Feb 17, 2020 13:55:58 GMT -8
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ono
Member
compensation
Posts: 537
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Post by ono on Feb 17, 2020 13:57:48 GMT -8
" Apple said Monday that it would not meet its quarterly revenue forecast because of lower iPhone supply globally and lower Chinese demand as a result of the coronavirus outbreak.
The company initially said that it expected to report net sales between $63 billion to $67 billion in its fiscal second quarter. Apple did not provide a new forecast for its fiscal second-quarter revenue on Monday.
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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 Feb 17, 2020 15:45:26 GMT -8
This would hardly be a surprise to anyone paying attention. Nonetheless I would not rule out market overreaction in the immediate short term. Fortunately I don’t trade or play with options.
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Post by firestorm on Feb 17, 2020 16:02:20 GMT -8
With the daily drumbeat of worsening news about Coronavirus, this was expected. People have had unreasonable expectations of a quick fix for a major viral outbreak, and I don't think it works that way. The Washington Times, Fox News, and at least one congressman are spinning right-wing fables about supposed origins of the virus in a Chinese germ warfare facility, or maybe paranoia is the most appropriate response. Be careful out there!
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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 Feb 17, 2020 16:30:27 GMT -8
With the daily drumbeat of worsening news about Coronavirus, this was expected. People have had unreasonable expectations of a quick fix for a major viral outbreak, and I don't think it works that way. The Washington Times, Fox News, and at least one congressman are spinning right-wing fables about supposed origins of the virus in a Chinese germ warfare facility, or maybe paranoia is the most appropriate response. Be careful out there! The purveyors of misinformation you mention are akin to a whole other kind of virus these days. But that’s a different conversation. Yes I doubt there’ll be a quick fix, more likely a slow and steady improvement I hope. In the meantime we try to ignore the noise...
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Feb 17, 2020 17:07:34 GMT -8
This is why I’ve been beating the drum about getting our of China for so long. If this doesn’t wake Tim Cook to the dangers of manufacturing most of its products in a communist country then he needs to move on to a position that he is capable of handling. Fix it Tim.
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Post by aaplsauce on Feb 17, 2020 17:46:21 GMT -8
Dave, Tim Cook is wide awake and is currently in the position he is more than qualified for. Why would any savvy investor put their money in a company if they didn't have full confidence in the person at the top?
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Post by firestorm on Feb 17, 2020 18:09:32 GMT -8
This is why I’ve been beating the drum about getting our of China for so long. If this doesn’t wake Tim Cook to the dangers of manufacturing most of its products in a communist country then he needs to move on to a position that he is capable of handling. Fix it Tim. Communist country? Well, they have a communist party but they are far more capitalistic than the USA; the entire culture was historically very business-oriented, except during their brief experiment with pure communism under Mao. A huge share of the current problem is that America's unregulated capitalists–mostly globalist Republicans–were busy shipping our manufacturing to other countries during the last three decades. Blame capitalism and the push for no regulations. I do agree that we need to reduce our manufacturing that is done in China, or in any single foreign country. I have been beating this drum for over a decade, but a succession of presidents hasn't heeded my advice, for some reason.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Feb 17, 2020 18:45:55 GMT -8
LOL, only a liberal could say, China is kicking our ass, what we need are more regulations (and taxes)! That’ll show ‘em. 🤣 We have a circular firing squad against our US companies, while China treats theirs like rock stars, and we wonder why it’s hard to compete?
Liberals are like arsonists who light a building on fire, then complain that all the guests escape through the fire exits, and conclude, “we need to board up those pesky fire escapes!”
Amazing how none of you on the left see the very obvious effects of making manufacturing in the US more expensive. 95% of the chemicals to make antibiotics are produced in China. Solution: Price controls and take profits away from big pharma! That’ll help! 😂
Capital is like a beautiful woman; treat her right, or she has lots of other options. 🤷🏻♂️
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Post by firestorm on Feb 18, 2020 3:49:09 GMT -8
LOL, only a liberal could say, China is kicking our ass, what we need are more regulations (and taxes)! That’ll show ‘em. 🤣 We have a circular firing squad against our US companies, while China treats theirs like rock stars, and we wonder why it’s hard to compete? Liberals are like arsonists who light a building on fire, then complain that all the guests escape through the fire exits, and conclude, “we need to board up those pesky fire escapes!” Amazing how none of you on the left see the very obvious effects of making manufacturing in the US more expensive. 95% of the chemicals to make antibiotics are produced in China. Solution: Price controls and take profits away from big pharma! That’ll help! 😂 Capital is like a beautiful woman; treat her right, or she has lots of other options. 🤷🏻♂️ Regulations had little to do with the shift of manufacturing to China, despite your fevered imagination. It was cheap labor and great supply chains. Right-wingers always blame regulations for all their problems, while the rest of us enjoy clean air, clean water, and good working conditions.
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Post by silkstone on Feb 18, 2020 6:56:36 GMT -8
This is why I’ve been beating the drum about getting our of China for so long. If this doesn’t wake Tim Cook to the dangers of manufacturing most of its products in a communist country then he needs to move on to a position that he is capable of handling. Fix it Tim. It’s not broken Dave ! China is a big part of why Apple is successful today. Where would we be as a company without China? They are the second largest economy in the world and at some point they will be the biggest. Apples future is largely dependent on the success of China. China is buying and manufacturing millions of iPhones. Apple is wise to move some of its manufacturing as a contingency but I’m pretty sure China will always be central in Apple’s planning and our future success. We are down about eight bucks as I write due to Tim’s masterful maneuvering of the company whereas a couple years ago we would have been down thirty or more, thanks Tim. Corona virus is a temporary stumbling block for Apple. Still only 1900 deaths worldwide, far below Spongy’s twenty million guestimate. The long term story has not changed.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Feb 18, 2020 7:12:15 GMT -8
Dave, Tim Cook is wide awake and is currently in the position he is more than qualified for. Why would any savvy investor put their money in a company if they didn't have full confidence in the person at the top? I continue to ask myself that same question. My answer is always the same, I like the company and I like the products. But I'm always skeptical of following blindly believing that a company is indestructible or a leader is perfect. I Apple still has most of it's manufacturing in China a year from now, then it may be time to reconcider. I have all of my eggs in one basket, and I'm trying to watch them closely. My future depends on it.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Feb 18, 2020 7:25:57 GMT -8
This is why I’ve been beating the drum about getting our of China for so long. If this doesn’t wake Tim Cook to the dangers of manufacturing most of its products in a communist country then he needs to move on to a position that he is capable of handling. Fix it Tim. It’s not broken Dave ! China is a big part of why Apple is successful today. Where would we be as a company without China? They are the second largest economy in the world and at some point they will be the biggest. Apples future is largely dependent on the success of China. China is buying and manufacturing millions of iPhones. Apple is wise to move some of its manufacturing as a contingency but I’m pretty sure China will always be central in Apple’s planning and our future success. We are down about eight bucks as I write due to Tim’s masterful maneuvering of the company whereas a couple years ago we would have been down thirty or more, thanks Tim. Corona virus is a temporary stumbling block for Apple. Still only 1900 deaths worldwide, far below Spongy’s twenty million guestimate. The long term story has not changed. Thank you Silkstone. But I believe that the dangers from China far outweigh the benefits. If you haven't already researched the dangers with dealing with China then please do so. The information is there. I like to believe that Tim Cook has also weighed these dangers and found them manageable and I truly hope that he is right. Time will tell.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Feb 18, 2020 9:24:51 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Feb 18, 2020 10:11:02 GMT -8
Dave, Tim Cook is wide awake and is currently in the position he is more than qualified for. Why would any savvy investor put their money in a company if they didn't have full confidence in the person at the top? I was an AAPL stockholder when Tim was in grad school and I stuck by Apple when it was 90 days from bankruptcy. It was my company long before anyone ever heard of Tim Cook. And I have some major tax consideration that make it impossible to just liquidate my positions. But I would not buy AAPL today in the amount that I hold it today. I've never understood this liberal "logic" of "if you don't like it, leave." You need conservatives' money, as customers, shareholders and taxpayers. If we started our own country, you'd be broke in a year and begging us to let you in. Just like Californians are fleeing to Texas and Idaho. And it's hilarious hearing libs talk about how greedy we are, and how we need to pay more taxes, as they simultaneously cry about the SALT deduction caps. Zero self-awareness. Shutup and pay your "fair share".
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Feb 18, 2020 13:47:24 GMT -8
Gosh, JD, are you a Conservative?!? How could I have missed that?
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Post by firestorm on Feb 18, 2020 15:55:23 GMT -8
Dave, Tim Cook is wide awake and is currently in the position he is more than qualified for. Why would any savvy investor put their money in a company if they didn't have full confidence in the person at the top? I was an AAPL stockholder when Tim was in grad school and I stuck by Apple when it was 90 days from bankruptcy. It was my company long before anyone ever heard of Tim Cook. And I have some major tax consideration that make it impossible to just liquidate my positions. But I would not buy AAPL today in the amount that I hold it today. I've never understood this liberal "logic" of "if you don't like it, leave." You need conservatives' money, as customers, shareholders and taxpayers. If we started our own country, you'd be broke in a year and begging us to let you in. Just like Californians are fleeing to Texas and Idaho. And it's hilarious hearing libs talk about how greedy we are, and how we need to pay more taxes, as they simultaneously cry about the SALT deduction caps. Zero self-awareness. Shutup and pay your "fair share". If you don't like it, why don't you leave? Alabama and Mississippi have lots of folks with values just like yours, and you could take solace in the fact that all the liberal states would be subsidizing you with their taxes. Just a little suggestion for an unhappy Californian.
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Post by longsince98 on Feb 18, 2020 16:46:52 GMT -8
UGH. You guys. Ok, we’re all different and many of us have differing ideals that others of us will never understand.
We’re not effin children, and we don’t need to prove who’s d*ck swings wider.
We’re all right some times and we’re all wrong some times. We’re not on this forum to be each others’ friends, so it doesn’t freakin matter if you don’t agree with each other’s ideals.
Get the hell over it, and just enjoy the fact that you’re in a community of people who made the same incredible investment decision, and appreciate the people who can inform you in your future AAPL decisions.
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Post by firestorm on Feb 18, 2020 18:48:45 GMT -8
For anyone interested in the evolution of America's behemoth corporations, the feature about Amazon on public television's Frontline tonight is excellent.
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Post by silkstone on Feb 19, 2020 4:11:16 GMT -8
LOL, only a liberal could say, China is kicking our ass, what we need are more regulations (and taxes)! That’ll show ‘em. 🤣 We have a circular firing squad against our US companies, while China treats theirs like rock stars, and we wonder why it’s hard to compete? Liberals are like arsonists who light a building on fire, then complain that all the guests escape through the fire exits, and conclude, “we need to board up those pesky fire escapes!” Amazing how none of you on the left see the very obvious effects of making manufacturing in the US more expensive. 95% of the chemicals to make antibiotics are produced in China. Solution: Price controls and take profits away from big pharma! That’ll help! 😂 Capital is like a beautiful woman; treat her right, or she has lots of other options. 🤷🏻♂️ Don’t worry JD, nobody’s coming after your itty bitty pot of gold.
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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 Feb 19, 2020 8:24:46 GMT -8
This is why I’ve been beating the drum about getting our of China for so long. If this doesn’t wake Tim Cook to the dangers of manufacturing most of its products in a communist country then he needs to move on to a position that he is capable of handling. Fix it Tim. Communist country? Well, they have a communist party but they are far more capitalistic than the USA; the entire culture was historically very business-oriented, except during their brief experiment with pure communism under Mao. A huge share of the current problem is that America's unregulated capitalists–mostly globalist Republicans–were busy shipping our manufacturing to other countries during the last three decades. Blame capitalism and the push for no regulations. I do agree that we need to reduce our manufacturing that is done in China, or in any single foreign country. I have been beating this drum for over a decade, but a succession of presidents hasn't heeded my advice, for some reason. No comment here but I am moving your post to the Dungeon, for posterity. I will refer to it often over the next few years and it won't matter which party is in charge politically. Some comments are so telling they must be preserved. Without the history people can just make up later what they said and did. I advise you to renew your pledge to stay away from the Dungeon, "you can't handle the truth".
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Feb 19, 2020 8:39:17 GMT -8
No comment here but I am moving your post to the Dungeon, for posterity. I will refer to it often over the next few years and it won't matter which party is in charge politically. Some comments are so telling they must be preserved. Without the history people can just make up later what they said and did. I advise you to renew your pledge to stay away from the Dungeon, "you can't handle the truth". You are not a Moderator.
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4aapl
Moderator
Posts: 3,631
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Post by 4aapl on Feb 19, 2020 8:49:34 GMT -8
I am moving your post to the Dungeon, for posterity. It's good to move off topic conversations over there. The verbiage worries some. While you can move the conversation there, you are copying the post and pasting it there, and not actually moving the underlying post. I do the same thing sometimes, mainly when following up a couple days later in the daily thread, while it is still pertinent. Carry on
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Post by Luckychoices on Feb 19, 2020 10:47:35 GMT -8
I am moving your post to the Dungeon, for posterity. It's good to move off topic conversations over there. The verbiage worries some. While you can move the conversation there, you are copying the post and pasting it there, and not actually moving the underlying post. I do the same thing sometimes, mainly when following up a couple days later in the daily thread, while it is still pertinent. Carry on I agree with you in one respect. No problem moving something to the Dungeon to comment about it. It is a problem, however, if the person moving it has to leave this kind of *comment* in the daily before moving it: No comment here but I am moving your post to the Dungeon, for posterity. I will refer to it often over the next few years and it won't matter which party is in charge politically. Some comments are so telling they must be preserved. Without the history people can just make up later what they said and did. I advise you to renew your pledge to stay away from the Dungeon, "you can't handle the truth".Doesn't this really defeat the whole purpose of moving it to the Dungeon in the first place? One needn't preface one's *comment* with, "No comment here but", just move the post to the Dungeon, and *then* they can comment to their heart's content.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Feb 19, 2020 10:51:06 GMT -8
No comment here but I am moving your post to the Dungeon, for posterity. I will refer to it often over the next few years and it won't matter which party is in charge politically. Some comments are so telling they must be preserved. Without the history people can just make up later what they said and did. I advise you to renew your pledge to stay away from the Dungeon, "you can't handle the truth". You are not a Moderator. I think that would be a great idea. Platon would make a great Moderator.
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4aapl
Moderator
Posts: 3,631
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Post by 4aapl on Feb 19, 2020 13:42:03 GMT -8
Doesn't this really defeat the whole purpose of moving it to the Dungeon in the first place? One needn't preface one's *comment* with, "No comment here but", just move the post to the Dungeon, and *then* they can comment to their heart's content. A bit. OTOH, I suppose it's like the proverbial "let's take this outside". Instead, if you just turned and walked outside without further comment, you likely wouldn't get to discuss things any further, if that was your goal. Many times in the past months people have said "I'm going to comment on this....over in the dungeon". Sure, that's the better way to do it, than to take a few digs at others in the process. But the wider issue is that some things are better discussed outside of the daily thread, and it's good to see people trying. We'll need to continue to be proactive over this election season, as I'm sure there will be times that it will be tempting to make a few digs and fire people up. Ideally, this stays out of the daily thread. Thanks All!
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