Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,055
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Post by Dave on Feb 27, 2020 3:39:19 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,055
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Post by Dave on Feb 27, 2020 3:47:42 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,055
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Post by Dave on Feb 27, 2020 3:53:46 GMT -8
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Post by rmhe1999 on Feb 27, 2020 7:12:21 GMT -8
100 day SMA sitting around 279 & change. RSI currently sitting at 31. We'll see if the 100 day offers any support. If we blow past it today, 200 day SMA all the way down at 249. I've already made a very small purchase of shares at 295. Thinking now that we won't find support and we'll continue dropping. Saving my dry powder for a lower entry point. Be careful out there, but remember this will eventually pass!
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Feb 27, 2020 7:15:28 GMT -8
AAPL off 15% from it's high as of this morning, though the RSI only down at 32 or so. OTOH, the S&P was off 10% from it's high (this morning at 3050), with an RSI of 24, as it gets close to touching the 200 day moving average. Looking at the age based stats, I'm not as concerned about the virus, especially with their death rate of 0% for those under 10. www.worldometers.info/coronavirus/coronavirus-age-sex-demographics/Still, at prodding from both a friend and a grandparent, we'll add a couple bags of rice and oats to our supplies. It's cheap insurance for half our families calories for a month, but more importantly it is something we should do in general for basic emergency preparedness. Time-shift a few purchases, and with minimal extra space we have a safety net. It helps that we have a huge lake, with a year-round stream just 2 houses away. Careful out there. Don't grab too many falling knifes. Like the comment from PED's site, AAPL often makes it to around a 20% discount. That would be $260, though sometimes it doesn't quite make it to 20%. OTOH, it's hard to understand the panics of crowds, financially or otherwise. This time, just like every other time, is different. And yet similar, in their own special way.
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Post by rmhe1999 on Feb 27, 2020 7:24:40 GMT -8
Zero support at 100 day SMA. Buckle up!
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4aapl
Moderator
Posts: 3,598
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Post by 4aapl on Feb 27, 2020 7:28:03 GMT -8
Zero support at 100 day SMA. Buckle up! And there's the RSI of 29.85 at $276.78. Ya'all have fun today. I'm off to Home Depot after our water heater sprung a leak last night. That's something to keep my mind busy.
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Post by gtrplyr on Feb 27, 2020 7:29:21 GMT -8
Well, this sucks.
I can't see any immediate end or bottom as this seems to still be a developing problem. I'm patient ... so there is that and I know AAPL has enough money to buy back a lot of shares so I'm hoping they choose to ramp up the buybacks at some point, unfortunately, this may not be the point yet : (
They can do so and still have plenty of money to weather this crisis.
Cheers to the longs .....
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Post by dreamRaj on Feb 27, 2020 7:40:40 GMT -8
Down $53 from the highs. Similar to being down at 180 from 233. Hope we don't go to the 142 equivalent
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Feb 27, 2020 8:01:53 GMT -8
Gordon Kelly of Forbes has a mix of disappointing production news and exciting technical news in New Apple Exclusive Reveals First iPhone 12 Bad News. Patience will be the watchword for investors, while traders may have some good opportunities if they make the right calls.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Feb 27, 2020 8:07:44 GMT -8
Scared, dumb animals trampling each other to jump off the cliff (imagine selling into this, people never learn). Just keep in mind, greed is also contagious, and when the buying starts, there is a lot of money to be made on the way back up. I wish that rollover money would hurry and get into my Roth! The mother of all buying opportunities is coming, beautiful people. IMO, sooner rather than later, everyone is going to notice this "pandemic" is dying off. We are 21 days from the start of spring. Flus don't survive long in spring.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,425
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Post by chinacat on Feb 27, 2020 9:24:35 GMT -8
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Feb 27, 2020 10:15:41 GMT -8
Is it too early to start beating the drum for a stock split in April? I think we always do better under 100. Assuming that most people still buy in lots of 100,it would bring in a lot of new buyers. Look what happened after the 7-1 split. APPL went from 420 to 630 between when the split was announced and when it happened. Everyone wants to own Apple, except the big boys. Buffett notwithstanding, institutional ownership has not changed significantly during this astounding run up from 150 to 300. Institutional ownership has been around 60% as long as I can remember. While we all know a 5-1 split doesn't change anything for investors, I have no doubt it would boost the stock. It obviously would increase dividend expense, but can't we afford that? A 1% yield on a company that is doing this well seems downright stingy. I am all for prudent management and keeping enough in reserve to maintain resiliency, but I want a split and it is altering my ability to be objective.
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Post by dreamRaj on Feb 27, 2020 11:13:46 GMT -8
+1 I'd vote yes for a 5:1 split too. Much easier to reach 100 than 500. And yep, Apple needs to make the dividends a more respectable amount. With all the shares they're buying let's hope they surprise us with a 30% hike to $1. I know, I know, but no harm in dreaming
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,055
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Post by Dave on Feb 27, 2020 11:39:12 GMT -8
I just heard a small clip of a interview with Tim Cook on the Neil Cavuto show that’s set to air tomorrow. I’ve been trying to find a reference to the interview on the internet but haven’t found anything yet. From the small clip I heard it sounded very positive about production ramping up. Hopefully the markets will respond positively.
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Post by duckpins on Feb 27, 2020 12:10:31 GMT -8
I have an iMac and none of these links do anything but open an empty page?
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,055
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Post by Dave on Feb 27, 2020 12:40:46 GMT -8
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Post by artman1033 on Feb 27, 2020 12:55:11 GMT -8
FROM FEBRUARY 5TH As my name suggest, I'm a professional composer and audio producer - I have to say the AirPods pro are one of Apples' best products in years - in terms of sound quality and noise cancellation, these are simply amazing - and my new go-to for long plane flights. If I'm walking in a city I much prefer the original AirPods for an easy way to hear what is around me vs. the mic'ed in version the AirPods pros give you - but I'm not surprised they are still demand constrained on these - AVAILABLE MARCH 5THIN STOCK TODAY AT A LOCAL STORE
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Post by duckpins on Feb 27, 2020 12:57:27 GMT -8
A prolonged down turn like this probably goes on all the way to the Pre trump levels. Hate to say it but that is the destination in a prolonged drop. If there is any good news we should see optimism. But then the downgrades and predictions of a recession from GS will continue a slower decline. Don't know when is the right time to buy anything. Tread carefully.
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Post by playultimate on Feb 27, 2020 13:37:03 GMT -8
May not know exactly when to buy; but I'm shifting funds so that I can.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Feb 27, 2020 13:41:19 GMT -8
thanks for the link.... nice message from tim!
the comments, however.... urmmmm don't exactly inspire confidence with stuff like this...
yuck!
i stopped watching fox when i swung independent.... but don't remember such level of idiocy combined with vitriol in the commments.... i sure hope this is not representative of the entire viewership; where are the eloquent ones like our conservative friends here (dave, jd)?
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Feb 27, 2020 14:00:27 GMT -8
A prolonged down turn like this probably goes on all the way to the Pre trump levels. Hate to say it but that is the destination in a prolonged drop. If there is any good news we should see optimism. But then the downgrades and predictions of a recession from GS will continue a slower decline. Don't know when is the right time to buy anything. Tread carefully.
well hold on, let's step back and put things in perspective....
stocks have been dropping only for 4 days after a face-ripping march to ATHs over several months (this despite 12th year in bull market, trade war and.... yes, coronavirus!) ....s&p back october levels (4 months ago) ....apple back to december levels (2.5 months ago) ....msft which seems to be today's atm for cash with 7% drop... is back to early jan levels (1.5 mo) ....friggin tesla isn't even down to 1-month ago levels!
granted, it's a sharp and violent correction... 10% in a week, i get it... and yet: ....10% correction in early february 2018 (tech earnings? i don't even remember what caused it) ....19-20% correction in nov-dec 2018 (mostly fed and trade war worries)... it was *this* close to being an official bear market ....7-8% correction last may (trade war escalation)... everyone here should remember well since aapl went down like 20% (215 to 173)
so you might be right, and it's the start of 'the big one'.... but i don't think we know yet....
pre-trump levels is what... 2140 s&p?
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Post by ericinaustin on Feb 27, 2020 14:01:23 GMT -8
Just can’t stand around and watch this lemming suicide. Like the p/e here. Just bought a lot for me at the close. Expect to buy more tomorrow. Where else can you own a share of the earnings of a money tree like Apple with such a rock solid balance sheet. Where else would you want to set your money for the next 12 to 24 months.
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Post by ericinaustin on Feb 27, 2020 14:02:15 GMT -8
Microsoft looking very good as well.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Feb 27, 2020 14:22:00 GMT -8
Indeed, fellow Rothchilds, nothing to fear, unless you have options (I gave up about $5-6K of house money ). But as for unrealized gains and losses, can't count those. BTFD if you have dry powder. Hard to time the exact bottom, but I've said before, this is overblown and we remain at ZERO deaths in the US. Lots of money to be made once this blows over. Just imagine when the Tesla cult begins rolling again. As for dumb comments, seems like those are YouTube commenters, not Fox News viewers. I gave up on Fox back on 2016 when they were putting all the Never Trumpers on, who now look like useful idiots after Bernie's rise showed just how irrelevant they are. I don't have cable or satellite, and only get CNBC via Charles Schwab and some news and sports channels via internet. But what I have seen from the news, they of course love a crisis, and they are using fear to gin up the ratings and panic. 3M up today because they sell masks.
You all know this (i.e, fears of a pandemic in the US) is bullshit and hopefully you will, at some point, buy the fire virus sale. BTFD!
Update: 2019 Global Health Security Index (we're #1!)
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 309
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Post by crispin on Feb 27, 2020 14:46:09 GMT -8
I guess the bizarre and incoherent news conference yesterday didn’t exactly instill much confidence...
I’m still confident in Apple over the long term, but quite aware of the fact that we don’t fully appreciate the ramifications of this situation.
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walterwhite
Member
"I am the one who knocks!"... Albuquerque, NM
Posts: 346
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Post by walterwhite on Feb 27, 2020 15:21:49 GMT -8
BTFD if you have dry powder. Hard to time the exact bottom, but I've said before, this is overblown and we remain at ZERO deaths in the US. Lots of money to be made once this blows over. Just imagine when the Tesla cult begins rolling again.
jd... i hope you're right and admire your conviction, but can you explain your reason for confidence of zero deaths in the US?
....60.8 million cases
....12,469 deaths yes, this is *in the US alone* and yes, official CDC website not some internet hobbyist page
i think the reason we didn't notice its impact on stocks was.... well, it was early 2009 and stocks had already bottomed!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,181
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Post by JDSoCal on Feb 27, 2020 18:13:05 GMT -8
Just so we’re clear, I didn’t say we’d end up with zero coronavirus deaths, just that there have been zero US deaths so far. Pretty amazing considering how many seasonal flu deaths we have this time of year. But yeah, flu season typically peaks in February, and this has been a warm winter (go global warming, woo hoo! 👍🏻). If this were November I might feel differently. Also, the travel ban remains in effect (14 day quarantines for those who have visited China). Yes, it isn’t perfect (supposedly some Chinese visitors sneaking in via third countries), but I think DHS has cut the flow of unfiltered travelers into the US down to a trickle. I hate to admit it, but our government, so far, knock on wood, seems to be working. I think if this had started in Canada or Mexico I’d be more concerned. Oh, and guys, do us all a big favor, and please cancel your cat feasts until further notice! 😿 www.washingtonexaminer.com/washington-secrets/fauci-chinese-cat-feasts-linked-to-virus
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