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 Mar 19, 2020 2:48:18 GMT -8
Good morning. Compared to past morning, the pre-market is down only slightly at this moment. -$0.67. Remember, we are one day closer to this mess being over.
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Post by dreamRaj on Mar 19, 2020 3:47:09 GMT -8
... Remember, we are one day closer to this mess being over. Good one
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Post by socal Film Composer on Mar 19, 2020 5:48:44 GMT -8
I'll take one day closer to the end of this! Considering all of the market hysteria and justified selloff - finding support in the $240 area is pretty resilient. I was hoping for a dividend increase before all of this happened, now it's probably not going to happen - but I would be surprised to see them lower it either. Interactive brokers margin rates are down to 0.75 % - so tempting to margin up the account, which I've been doing. I'm sure management has been aggressive with buybacks as well. New iPad Pro looks pretty cool, but no one is in the mood I'm sure. Good luck all, and keep an eye out for friends in need - a lot of folks will be feeling the economic pain of this. I like to invest with at least a 5 year time horizon - If I stretch out to 7-10 years, I see AAPL at $500 with a dividend payout about 2X what we get now. I liked Bill Miller's quote from yesterday - this is s generational low/buying opportunity in his opinion. I sure hope he's right - his thesis, is that things would have to get a lot worse than the market is already anticipating for things to fall further. Praying that doesn't come to pass. seekingalpha.com/news/3553070-exceptional-buying-opportunity-famed-investor-bill-miller-says-of-stocksAn "exceptional buying opportunity,” famed investor Bill Miller says of stocks
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Post by playultimate on Mar 19, 2020 6:47:53 GMT -8
New iPad Pro looks pretty cool, but no one is in the mood I'm sure. I have an iPad Air2 that I would like to update. This look like a very worthwhile upgrade. Albeit, I will probably hold off until mid April since I do not see many cases that are available today; thus waiting until I can get something to protect it. (if a case I liked was available next week, I would have ordered yesterday.) Prediction: schools are closing for at least the next month. I suspect by then, most people will tire of the social restrictions and moves will be made to lift them with adjustments. (lower capacity in restaurants et al.) The only caveat is if we start seeing a massive geometric increase in deaths. Then all bets are off.
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Post by dreamRaj on Mar 19, 2020 7:48:03 GMT -8
AAPL seems to be quite weak today. Usually it's been the one to roar and soar during any sign of a rise in the market.
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Post by pauls on Mar 19, 2020 8:03:32 GMT -8
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Post by socal Film Composer on Mar 19, 2020 8:08:59 GMT -8
yes - muted, but we also had some lowering or price targets and revenue #s from several WS anylsyts come in this AM - so green on that news, is good!
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Post by eastbaybob on Mar 19, 2020 8:50:26 GMT -8
My brother told me that he heard Trump say he is okay with ending stock buybacks. Is this true?
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Post by audiosculpture12 on Mar 19, 2020 9:08:14 GMT -8
I read that was for companies who receive financial aid as a result of the crisis. It's probably just a warning shot, and i presume wouldn't apply to apple.
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Post by pauls on Mar 19, 2020 9:10:00 GMT -8
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Post by zzmac on Mar 19, 2020 9:13:56 GMT -8
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Post by hyci004 on Mar 19, 2020 9:42:55 GMT -8
How about bonuses? Should the government limit bonuses to companies receiving bailout money?
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Post by playultimate on Mar 19, 2020 9:43:16 GMT -8
I'm fine with that. The idea is to pump money into the economy/employee's welfare; not increase the stock price for the benefit of executive stock options.
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4aapl
Moderator
Posts: 3,631
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Post by 4aapl on Mar 19, 2020 12:01:40 GMT -8
And sold that small chunk of SPY today for a quick little profit of 9.3 points per share, at 244.70.
It's just a small amount. While those drugs and China's numbers both show promise, the surge in US testing should give a surge in US cases that will freak people out even though they've been warned.
It could go either way, day to day, in the short term. I'll buy again on a down day if given the chance, at 233 or so.
Thanks all, for keeping today's daily thread on-topic.
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mark
fire starter
Posts: 1,552
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Post by mark on Mar 19, 2020 12:06:48 GMT -8
And sold that small chunk of SPY today for a quick little profit of 9.3 points per share, at 244.70. It's just a small amount. While those drugs and China's numbers both show promise, the surge in US testing should give a surge in US cases that will freak people out even though they've been warned. It could go either way, day to day, in the short term. I'll buy again on a down day if given the chance, at 233 or so. Thanks all, for keeping today's daily thread on-topic. I've been doing similar with VTI. Buying on down days, selling on up days, just for play money. Why VTI? Because that was the last quote sitting on my secondary quote window (A day before, it might have been VOO) the day I started that kind of trading. Also, I don't mind ending up holding VTI longer term from the purchases made when it doesn't go up.
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Post by pauls on Mar 19, 2020 14:33:53 GMT -8
Prediction- ApplePay and AppleCard become a lot more popular in the wake of this virus. The ‘no signing’ with physical card, and no touching at all with most card readers puts a smile on the person across the counter.
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Post by aaplsauce on Mar 19, 2020 15:13:45 GMT -8
pauls...correct regarding pay/card. I get that reaction when using the watch. I'm smiling too, due to the touchless interaction
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Post by socal Film Composer on Mar 19, 2020 16:22:15 GMT -8
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