Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on Apr 15, 2020 2:04:49 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on Apr 15, 2020 2:23:08 GMT -8
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Post by audiosculpture12 on Apr 15, 2020 5:44:38 GMT -8
Hi gang,
Just to say i sold all my original investments today (not just apple, but a portfolio including msft and amzn). I Have kept some aapl acquired between the low 220-240 range. I have total faith in the company, but we may need the money in the next two years, and with such an uncertain climate i felt like this was as good an exit point as any. If it dips a lot, i may buy back in in that timeframe.
This should mean the stock is about to rocket of course!
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chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Apr 15, 2020 5:47:55 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on Apr 15, 2020 6:01:57 GMT -8
Hi gang, Just to say i sold all my original investments today (not just apple, but a portfolio including msft and amzn). I Have kept some aapl acquired between the low 220-240 range. I have total faith in the company, but we may need the money in the next two years, and with such an uncertain climate i felt like this was as good an exit point as any. If it dips a lot, i may buy back in in that timeframe. This should mean the stock is about to rocket of course! I know the feeling, when I buy it’s almost a guarantee that the stock price will fall. Best of luck with your decision and let us know if/when you buy back in.
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Post by artman1033 on Apr 15, 2020 6:57:19 GMT -8
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Post by Lstream on Apr 15, 2020 7:15:32 GMT -8
Hi gang, Just to say i sold all my original investments today (not just apple, but a portfolio including msft and amzn). I Have kept some aapl acquired between the low 220-240 range. I have total faith in the company, but we may need the money in the next two years, and with such an uncertain climate i felt like this was as good an exit point as any. If it dips a lot, i may buy back in in that timeframe. This should mean the stock is about to rocket of course! I fully get why you took this step. I posted yesterday about selling some Apple to immunize myself if things get really ugly. Still think we have significant risk of things turning worse again.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Apr 15, 2020 7:27:43 GMT -8
Wow! We knew the iPhone SE was coming sometime, but I was about to post BS on it coming out at 8am PT on a Wednesday. Apple is a Tuesday announcer, and 10am is their style when presentations are involved. But it was after 8, so I checked. And yep, there they are: techcrunch.com/2020/04/15/apple-introduces-new-399-iphone-se-with-touch-id-and-4-7-screen/finance.yahoo.com/news/apple-releases-budget-iphone-se-150423915.htmlfinance.yahoo.com/news/iphone-se-powerful-smartphone-popular-150000099.htmlIt looks like a nice phone. I'd have to see and feel them side by side, but I could see having one of these in our collection, especially as the kids start to "need" something...and then pay for at least half of it. Durability will be key. My wife's 8+ just takes a beating, going through 2 screens and a screen protector even when using a case, and I think part of it is the extra leverage with the larger size, plus being thinner. The old 5S's held up great, but they were more solid, plus smaller. It's amazing how much smaller they are, but I do still like the feel of them. I expect the new iPhone SE will do well, especially with certain segments. But the key will also be in adding users to the platform.
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Post by artman1033 on Apr 15, 2020 7:29:17 GMT -8
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Post by pauls on Apr 15, 2020 7:34:13 GMT -8
I too have sold some shares, about 25%. I can't imagine we won't get a chance to pick them up cheaper, although I'm looking at other ways to deploy the cash.
iPhone SE- the right phone at the right time at the right price, imo
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Apr 15, 2020 7:38:45 GMT -8
I think that the ability to support both a Business Line and a Personal Line is a brilliant new feature, even though it is irrelevant for me. A pundit quote from the PED column about the release: “While launching a mid-cycle budget/entry-level smartphone into the backdrop of a consumer global lockdown and unprecedented pandemic will be head scratcher to some...”. My feelings are the exact opposite - this could be the perfect time for the release of a lower cost model, with great uncertainty about what the world (and some bank accounts) may look like when this over.
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Post by socal Film Composer on Apr 15, 2020 7:48:08 GMT -8
Never bad to take a profit when you have it. esp. if you need the $ in the relative short term. Especially if it helps you sleep at night. Considering where we are vs. where we've been the past month it's a good time and price to lock in gains if you need them!
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Apr 15, 2020 8:28:10 GMT -8
Never bad to take a profit when you have it. esp. if you need the $ in the relative short term. Especially if it helps you sleep at night. Considering where we are vs. where we've been the past month it's a good time and price to lock in gains if you need them! And, while still down from the top, last night AAPL closed at a level it first saw all the way back on.......Christmas! It's been a wild ride, but being set back less than 4 months is an amazing luxury to have right now. Even the S&P isn't too far back these days, but AAPL has done amazingly well over the past 1.5 years, and I sold a few shares on the way up back in December or so, at 242 and 283 or so. I'm not ready to sell more soon, but if there was a blip up to the high 290's I'd likely rewrite some covered calls that I had previously wrote, and then bought back at half price. Lots of unknowns, but lots of Apple's items seem pretty solid, aside from potential changes in the purchase mix of higher end items. But maybe Apple can shine some light on that in 2 weeks.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Apr 15, 2020 8:47:35 GMT -8
Retail sales figures are in for March: www.cnn.com/2020/04/15/business/retail-sales/index.htmlI'm surprised the numbers are that low. But I guess that makes sense, as even the more proactive states were only in business lockdown and/or shelter in place for around a third of the month. April numbers will likely be much worse, but I would be pleasantly surprised if the slump stays primarily in autos and gas.
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Post by Lstream on Apr 15, 2020 9:04:12 GMT -8
Retail sales figures are in for March: www.cnn.com/2020/04/15/business/retail-sales/index.htmlI'm surprised the numbers are that low. But I guess that makes sense, as even the more proactive states were only in business lockdown and/or shelter in place for around a third of the month. April numbers will likely be much worse, but I would be pleasantly surprised if the slump stays primarily in autos and gas. I can't buy any damn flour. Invest in flour companies. Same goes for yeast
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
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Post by Dave on Apr 15, 2020 9:12:30 GMT -8
Retail sales figures are in for March: www.cnn.com/2020/04/15/business/retail-sales/index.htmlI'm surprised the numbers are that low. But I guess that makes sense, as even the more proactive states were only in business lockdown and/or shelter in place for around a third of the month. April numbers will likely be much worse, but I would be pleasantly surprised if the slump stays primarily in autos and gas. I can't buy any damn flour. Invest in flour companies. Same goes for yeast My guess is that everyone’s trying to remember/learn how to cook and there’s nothing better than the smell and taste of homemade bread.
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Post by Lstream on Apr 15, 2020 9:16:54 GMT -8
I can't buy any damn flour. Invest in flour companies. Same goes for yeast My guess is that everyone’s trying to remember/learn how to cook and there’s nothing better than the smell and taste of homemade bread. Yep. I have enough to make my own sourdough starter. Can't get it to stop growing, even though it is in the fridge now. Very scary.
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Post by Lstream on Apr 15, 2020 9:18:20 GMT -8
I agree with others who support the idea of releasing the low cost phone now. I think it is going to do very well, and it eliminates one more reason to stick with or switch to Android.
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Post by pauls on Apr 15, 2020 9:52:18 GMT -8
Retail sales figures are in for March: www.cnn.com/2020/04/15/business/retail-sales/index.htmlI'm surprised the numbers are that low. But I guess that makes sense, as even the more proactive states were only in business lockdown and/or shelter in place for around a third of the month. April numbers will likely be much worse, but I would be pleasantly surprised if the slump stays primarily in autos and gas. I can't buy any damn flour. Invest in flour companies. Same goes for yeast The large Asian grocery stores here in Portland have had flour (and toilet paper). Not sure about yeast.
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Apr 15, 2020 10:35:31 GMT -8
Retail sales figures are in for March: www.cnn.com/2020/04/15/business/retail-sales/index.htmlI'm surprised the numbers are that low. But I guess that makes sense, as even the more proactive states were only in business lockdown and/or shelter in place for around a third of the month. April numbers will likely be much worse, but I would be pleasantly surprised if the slump stays primarily in autos and gas. I can't buy any damn flour. Invest in flour companies. Same goes for yeast Same in the Antipodes... no flour on shelves. All bought up with everyone making bread. We, personally, are also making pizza dough and pasta. There are some pleasant aspects to this ‘crisis’ - it’s not all doom and gloom.
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Post by playultimate on Apr 15, 2020 10:55:53 GMT -8
I can't buy any damn flour. Invest in flour companies. Same goes for yeast My wife and I had to check at three different stores. . . finally found flour at the 4th. With more people staying at home because restaurants are closed, it makes sense that a lot of staple goods are selling out.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Apr 15, 2020 10:56:01 GMT -8
I can't buy any damn flour. Invest in flour companies. Same goes for yeast Same in the Antipodes... no flour on shelves. All bought up with everyone making bread. We, personally, are also making pizza dough and pasta. There are some pleasant aspects to this ‘crisis’ - it’s not all doom and gloom. Flour and yeast are like toilet paper, the underlying total usage probably isn't changing much. 1 lb bags of yeast last for years in the freezer, so we're still good there. Personally I'm more of a fan of easy quick breads, but some of the brioche based cinnamon rolls my wife and son have been making are pretty tasty. Looks like Sams club (unlike Costco, you can do an online search) is currently out of yeast and flour, though I saw 2 lb packs of yeast there yesterday. I'd bet that any restaurant that is selling supplies could get some for you, even if in 1 lb and 25 lbs bags. It's generally been supply chain disruptions, not overall supply problems, and our friend who bakes and delivers bread is still showing up. She's getting it somewhere.
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Post by artman1033 on Apr 15, 2020 12:13:09 GMT -8
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Post by Lstream on Apr 15, 2020 12:18:45 GMT -8
Well it isn’t true. Just another ass clown on Twitter dying for attention. And spewing garbage to get it.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Apr 15, 2020 13:32:03 GMT -8
I can't buy any damn flour. Invest in flour companies. Same goes for yeast ...or toilet paper companies!
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Post by hyci004 on Apr 15, 2020 13:39:34 GMT -8
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Apr 15, 2020 13:48:52 GMT -8
Same in the Antipodes... no flour on shelves. All bought up with everyone making bread. We, personally, are also making pizza dough and pasta. There are some pleasant aspects to this ‘crisis’ - it’s not all doom and gloom. Flour and yeast are like toilet paper, the underlying total usage probably isn't changing much. 1 lb bags of yeast last for years in the freezer, so we're still good there. Personally I'm more of a fan of easy quick breads, but some of the brioche based cinnamon rolls my wife and son have been making are pretty tasty. Looks like Sams club (unlike Costco, you can do an online search) is currently out of yeast and flour, though I saw 2 lb packs of yeast there yesterday. I'd bet that any restaurant that is selling supplies could get some for you, even if in 1 lb and 25 lbs bags. It's generally been supply chain disruptions, not overall supply problems, and our friend who bakes and delivers bread is still showing up. She's getting it somewhere. I disagree with you about the ‘easy quick breads’. slow bread is the go!!!! Nice to be disagreeing about something else! But I might capitulate on brioche based cinnamon rolls.... (it’s my breakfast time)
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Apr 15, 2020 14:10:40 GMT -8
Flour and yeast are like toilet paper, the underlying total usage probably isn't changing much. 1 lb bags of yeast last for years in the freezer, so we're still good there. Personally I'm more of a fan of easy quick breads, but some of the brioche based cinnamon rolls my wife and son have been making are pretty tasty. Looks like Sams club (unlike Costco, you can do an online search) is currently out of yeast and flour, though I saw 2 lb packs of yeast there yesterday. I'd bet that any restaurant that is selling supplies could get some for you, even if in 1 lb and 25 lbs bags. It's generally been supply chain disruptions, not overall supply problems, and our friend who bakes and delivers bread is still showing up. She's getting it somewhere. I disagree with you about the ‘easy quick breads’. slow bread is the go!!!! Nice to be disagreeing about something else! But I might capitulate on brioche based cinnamon rolls.... (it’s my breakfast time) A good yeast bread is tasty, and I've made them at times. But, I'm more of a cook than a baker, especially liking things like a stir fry or fried rice, where I can pretty much just throw in anything in the fridge. The same is true of at least some quick breads. I normally cook down our Halloween pumpkins and make pumpkin bread, and luckily it's pretty forgiving on the water content of the puree. I think that's it, that I just prefer recipes that are a little flexible. So making ham bone broth with the Easter ham and whatever aromatics were handy, and then into split pea soup. The quantities didn't matter too much. Ah, the Joy of Cooking.
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Post by hledgard on Apr 15, 2020 15:47:29 GMT -8
Nice compare hyci004 !
Helped me in understanding the difference. The biggest reason for the low price may be the size, not at all sure.
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Post by Lstream on Apr 15, 2020 16:14:17 GMT -8
Nice compare hyci004 ! Helped me in understanding the difference. The biggest reason for the low price may be the size, not at all sure. Price points are not always based upon cost, as they are sometimes based upon value. For example, the camera tech in the 11 is very advanced compared to the new device. For example, the night mode. I was blown away when I saw it in action. I have the 11 Pro. There will be some BOM price increases due to hardware involved, but a lot of that capability is also based upon really advanced software. Software does not increase BOM (at least until you amortize the R&D), but it is pretty standard practice to restrict their availability to just the premium products. I think Apple decided that people would pay a serious premium for the vastly improved camera, and by all accounts they were right. So for sure, there is more to this than just the size.
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