Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,102
|
Post by Dave on Apr 17, 2020 2:31:06 GMT -8
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,102
|
Post by Dave on Apr 17, 2020 2:41:01 GMT -8
|
|
|
Post by aaplcrazie on Apr 17, 2020 3:54:24 GMT -8
The Store is Down! I say Again.....
_ iPhone SE2 Ordering starts today........
|
|
|
Post by wildguess on Apr 17, 2020 4:39:57 GMT -8
Goldman downgrades AAPL to sell from neutral
|
|
|
Post by zebrum on Apr 17, 2020 5:21:43 GMT -8
|
|
|
Post by rmhe1999 on Apr 17, 2020 5:37:17 GMT -8
Thanks to Goldman for knocking the wind out of our sails. We were at 295 AH last night. Those who are long know that this isn’t the first time GS has had a negative coverage of AAPL.
|
|
|
Post by ped on Apr 17, 2020 6:05:34 GMT -8
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,102
|
Post by Dave on Apr 17, 2020 6:33:17 GMT -8
Or maybe it’s time to buy. This wouldn’t be the first time that Goldman has been wrong or they’re just looking for a better price point to buy in. This too shall pass.
|
|
|
Post by ped on Apr 17, 2020 6:36:47 GMT -8
Make that down $7 by 10:30
|
|
|
Post by silkstone on Apr 17, 2020 6:50:13 GMT -8
Make that down $7 by 10:30 Must be some nefarious forces at play here.
|
|
|
Post by Lstream on Apr 17, 2020 7:01:43 GMT -8
Make that down $7 by 10:30 Must be some nefarious forces at play here. Or maybe not. We are in a situation with no guidance, most Apple stores are closed, unprecedented unemployment with unknown spending repercussions, and yet as of yesterday, there has been a relatively minor pullback from an ATH, after a double in 2019. I have been totally surprised at how well AAPL has held up in these circumstances. So when a name like Goldman comes out with a sell recommendation, it does not surprise me at all that people get spooked and we drop. Is it really that far fetched that we could see a 35% drop in iPhone sales? Seems like a plausible scenario to me. I expect increasing volatility and unease as we get near earnings, and investors don’t know what to expect, or what surprises we might hear. Sentiment in times like this can turn on a dime. I think we are fine long term, but short term who knows.
|
|
4aapl
Moderator
Posts: 3,632
|
Post by 4aapl on Apr 17, 2020 7:08:40 GMT -8
There's lots of Fear, Uncertainty, and Doubt out there, and currently it's justified as there area lot of unknowns. We're in uncharted territory, and one could make the case for Apple being affected a lot, negatively or positively, or very little. In the short term, we just don't know. And with all of the fog, there are more people unsure of the future. With weaker hands, or less staying power, comes more volatility. So when someone "with authority" comes in while others are unsure, it's easy to jump behind that band wagon. We don't know how things will go in the short term, but if we start looking 1, 3, or 5 years out, it's a bit more clear. We might not know the exacts, but some of the worries fall away, and the probabilities are higher. Is combatting this virus, and the economic turmoil, going to cause more people to switch to Androids, leaving the platform both for services and hardware? It seems unlikely, especially while Apple comes forth with the iPhone SE. Could it, over the recovery period, make people hold onto their phone and other HW a little longer, or maybe make a step down to a lower memory choice? That seems likely if things are bad, and people need to cut back. OTOH, could doing more work remotely cause people to step up a little or buy extra HW, personally, through their work, or even for their kids? This is happening, but it's hard to know at what rate. I'd put this as a partially offsetting item, that potentially could be more than that, but personally to give a safety factor in pricing I don't rate this very probable on being large enough to overstep some purchasing delays. There's other things too, like extra costs with moving part of manufacturing over the coming 5 years, which seems likely. But for the most part, things a few years out seem like they should be churning away and doing well for Apple and AAPL. My crystal ball isn't perfect, and as with this virus, AAPL is sometimes sideswiped by something it has little to no control over. I have no problem with AAPL moving around a bit and solidifying a base, even if I would prefer at times that it only went up. But looking one or more years out, things currently look like they will be ok for Apple and AAPL, and at some point it will be marking off new highs, even if there are some cases where that could take a little more time.
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,102
|
Post by Dave on Apr 17, 2020 7:14:00 GMT -8
FUD. Fear, Uncertainty and Doubt. I understand the first two but I have no doubt that Apple will be fine once the economy starts rolling again. Edit: 4aapl we posted about the same time. I like your post much better.
|
|
|
Post by hyci004 on Apr 17, 2020 8:14:08 GMT -8
|
|
|
Post by duckpins on Apr 17, 2020 10:28:10 GMT -8
Cramer who is GS alumni or fugitive had a 140 buy price on Apple as well, but Apple never made it that low.
|
|
|
Post by joel90069 on Apr 17, 2020 10:40:09 GMT -8
Coincidence it's monthly options expiration day?
|
|
|
Post by playultimate on Apr 17, 2020 10:48:18 GMT -8
Coincidence it's monthly options expiration day? TOMMO_UK would have said, "no"
|
|
|
Post by BillH on Apr 17, 2020 10:55:08 GMT -8
I'm not saying that this is what's driving Apple lower but Charlie lays out the nature of the problem in his usual clear and concise manner. apple.news/Av6SNhhCoTAWWU0szUyhozw
|
|
bud777
fire starter
Posts: 1,352
|
Post by bud777 on Apr 17, 2020 11:07:17 GMT -8
So up 10 in after hours and down 8.5 so far today. Hmmmmm, the words' "pump and dump" come to mind. What was the story that sparked the after hours move? Who was responsible for it? Inquiring minds want to know.
|
|
|
Post by pauls on Apr 17, 2020 11:50:59 GMT -8
Cool “California Gov. Gavin Newsom announces an economic recovery committee that includes four former governors including Jerry Brown and Arnold Schwarzenegger and executives such as Apple CEO Tim Cook. It will be chaired by former presidential candidate Tom Steyer”
|
|
|
Post by nwjade on Apr 17, 2020 12:49:44 GMT -8
Well after the GS drive by shooting we pierced the 50DMA but managed to close above it thanks to a strong close in the markets. Thank goodness for that... Rod Hall is a long time Apple bear. With him in their employ I just don't get why Apple has a relationship with GS. Ridiculous
|
|
bud777
fire starter
Posts: 1,352
|
Post by bud777 on Apr 17, 2020 14:00:43 GMT -8
Well after the GS drive by shooting we pierced the 50DMA but managed to close above it thanks to a strong close in the markets. Thank goodness for that... Rod Hall is a long time Apple bear. With him in their employ I just don't get why Apple has a relationship with GS. Ridiculous GS is still doing the buybacks, right?
|
|
|
Post by hyci004 on Apr 17, 2020 14:11:28 GMT -8
|
|
4aapl
Moderator
Posts: 3,632
|
Post by 4aapl on Apr 17, 2020 14:27:27 GMT -8
I'm not saying that this is what's driving Apple lower but Charlie lays out the nature of the problem in his usual clear and concise manner. apple.news/Av6SNhhCoTAWWU0szUyhozwI skimmed parts of it, but some parts were interesting, starting with that no-one was calling them as everyone seems frozen, waiting to see what happens: I didn't see anything as to why AAPL might be down today while the indexes were up. Just that there are a lot of unknowns.
|
|
|
Post by nwjade on Apr 17, 2020 15:55:50 GMT -8
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,102
|
Post by Dave on Apr 18, 2020 3:02:45 GMT -8
If everyone hasn’t already, take the time to read the comments section of this story. A great discussion about Tesla along with Apple. I also sold my position in Tesla about a year ago and have regretted it.
|
|