chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
|
Post by chinacat on Apr 30, 2020 20:09:28 GMT -8
For some reason, I missed DED's highly relevant editorial from late last month, APPLE'S IMPACT FROM SOCIAL DISTANCING IN 2020. I especially loved his sonically delightful "The best explanation is that these writers who are commissioned to craft contemptuous cacophonies of complaints really have no idea what is going on or what is important," which also presaged the services success that buttressed the just announced earnings. For you history fans, his A8, A8X: HOW APPLE'S CUSTOM SILICON HIT SAMSUNG WITH A ONE-TWO PUNCH is a reminder of Tim Cook's operational brilliance.
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
|
Post by Dave on May 1, 2020 2:29:02 GMT -8
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
|
Post by Dave on May 1, 2020 2:33:58 GMT -8
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
|
Post by Dave on May 1, 2020 3:31:20 GMT -8
For those that haven’t noticed, the pre-market is down by -$9.30. Not a good way to start a new month.
|
|
|
Post by socal Film Composer on May 1, 2020 5:32:18 GMT -8
here comes the big money - buying like crazy - duh.
I think management struck the perfect balance of optimism tempered with the uncertainty - i.e. no guidance.
The power of the moat to deliver such unbelievable top line #s in the midst of the apocalypse was something to behold. Hang in there - better days ahead!
|
|
chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
|
Post by chinacat on May 1, 2020 6:01:36 GMT -8
Well, that didn’t take long, even in a wash of red - onward and upward!
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
|
Post by Dave on May 1, 2020 6:04:45 GMT -8
here comes the big money - buying like crazy - duh. I think management struck the perfect balance of optimism tempered with the uncertainty - i.e. no guidance. The power of the moat to deliver such unbelievable top line #s in the midst of the apocalypse was something to behold. Hang in there - better days ahead! Thanks Socal Film Composer, that was a good call.
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
|
Post by Dave on May 1, 2020 6:06:50 GMT -8
There's a gap in the chart at $310 waiting to be filled. Could today be the day?
|
|
|
Post by hyci004 on May 1, 2020 6:12:44 GMT -8
Q3 will be a good quarter for services, iPhone SE and MacBook Air.
|
|
4aapl
Moderator
Posts: 3,622
|
Post by 4aapl on May 1, 2020 6:49:45 GMT -8
here comes the big money - buying like crazy - duh. I think management struck the perfect balance of optimism tempered with the uncertainty - i.e. no guidance. The power of the moat to deliver such unbelievable top line #s in the midst of the apocalypse was something to behold. Hang in there - better days ahead! Yep! AH is often crazy, head fakes and all. Back 15-20 years ago, it seemed it nearly always went the opposite way. Apple did amazing, though coronavirus related it should be noted what Tim pushed a few times, that the start of the quarter was absolutely amazing. That averaged up the end of the quarter, and so puts it a little different than if the tail end did well enough by itself. That said, the results were good enough to make me ready to buy even more if there was a strong dip. 2.5 weeks ago I was looking for 255 to take on more risk. Today, some biting might happen at 280, while going big at some level below that. Conversely, some of the covered call levels are starting to look tempting to me, with different mindsets. One mindset on part of my shares is an offsetting insurance policy based on a decent return. So, $10-12 per share now, but selling at a level from here, like a 10% bump plus 20% annualized. From $290 that would be at the $350 strike level or so in Jan '21 (about $360 once adding in the premium, and using 9 months until expiration). From $300, that's at $440 for Jan '22. For other shares that I don't really plan to thin out in the near future, but would at some level, there's things like Jan '22 500's at close to $5 that I would consider. At an extra $200 per share in 1.75 years, plus $5 now, it's hard to see a case where I wouldn't be happy selling off 10 or 20% of my shares. Anyways, just babbling a bit. Looks like AAPL stepped back from the $300 level that it liked initially last night. If it can hold on to positive territory today while the averages take a step down, then hopefully AAPL can continue up when the averages give a flat or up day. If this were a typical post-earnings Wednesday, that would happen. Migrating to Friday, the weekend is always a wild card, but those unknowns are slowly being quantified, at least with ranges. Let's see what the next week brings, for AAPL and in general.
|
|
|
Post by artman1033 on May 1, 2020 7:17:15 GMT -8
This tweet is NOT related.............but, I just find it amazing....................
|
|
|
Post by artman1033 on May 1, 2020 7:24:31 GMT -8
As of January 2, 2019, 4,729,803,000 shares of Apple’s common stock were issued and outstanding. HEREAs of January 2, 2020, 4,384,027,000 shares of Apple’s common stock were issued and outstanding. HERE345,776,000 Reduction year over year. 4,375,480,000 shares of common stock were issued and outstanding as of January 17, 2020. 8,547,000 REDUCTION From January 2nd to January 17th. As always, PLEASE CHECK MY MATH. 4,334,335,000 shares of common stock were issued and outstanding as of April 17, 2020.41,145,000 REDUCTION From January 17th to April 17th.
|
|
4aapl
Moderator
Posts: 3,622
|
Post by 4aapl on May 1, 2020 8:00:18 GMT -8
4,334,335,000 shares of common stock were issued and outstanding as of April 17, 2020. 41,145,000 REDUCTION From January 17th to April 17th. Wow, so Apple bought back close to 1% of the company, in one quarter. If Apple could keep up this pace, I could own the whole company within my lifetime. Sure, there will be some holdouts. Maybe we all become like Buffet, holding 5% of the company or whatever. I can live with that My notes have that at the end of FY 2016, there were 5,393,333,xxx diluted shares. The 10-Q shows there were 4,404,691,xxx diluted shares on March 28th, 2020. Apple bought back nearly a billion shares of AAPL, or 18.3%, in 3.5 years!
|
|
|
Post by silkstone on May 1, 2020 8:00:55 GMT -8
This tweet is NOT related.............but, I just find it amazing....................
Well if it’s true it worked, Tesla is now down 11% after being up
|
|
4aapl
Moderator
Posts: 3,622
|
Post by 4aapl on May 1, 2020 8:23:48 GMT -8
This tweet is NOT related.............but, I just find it amazing....................
Well if it’s true it worked, Tesla is now down 11% after being up Musk has done this a few times in the past few years, saying the stock is overvalued or overheated, right? Going too high too fast is a sure way towards a peaky overvaluation and then crash back down. Who wants that, unless trying to sell out at the top, or for a company, using that overvaluation to scoop up other companies or issue more stock. But, that also leads to lawsuits, and Musk tends to have more than enough Tweets to get him in trouble. But if the stock doesn't go down, lawsuits be damned since there are no monetary claims of damages. Keeping the sideshows to a minimum, even if it might be free press, helps keep the focus on the products and company. OTOH, if he was looking at global domination in the auto industry, instead of having his sights set on Mars, he could buy out Ford by issuing an extra 20% of shares, which would still give F a 20% premium. There's debt, dealers, and unions, but at some point it's just fun money while pushing the industry forward by a few years. Crazy!
|
|
Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,091
|
Post by Dave on May 1, 2020 8:55:25 GMT -8
There's a gap in the chart at $310 waiting to be filled. Could today be the day? But not this week.
|
|
|
Post by hyci004 on May 1, 2020 9:21:38 GMT -8
As of January 2, 2019, 4,729,803,000 shares of Apple’s common stock were issued and outstanding. HEREAs of January 2, 2020, 4,384,027,000 shares of Apple’s common stock were issued and outstanding. HERE345,776,000 Reduction year over year. 4,375,480,000 shares of common stock were issued and outstanding as of January 17, 2020. 8,547,000 REDUCTION From January 2nd to January 17th. As always, PLEASE CHECK MY MATH. 4,334,335,000 shares of common stock were issued and outstanding as of April 17, 2020.41,145,000 REDUCTION From January 17th to April 17th. Tim mentioned 65M shares were repurchased last quarter during the conference call.
|
|
|
Post by artman1033 on May 1, 2020 9:50:04 GMT -8
Tim mentioned 65M shares were repurchased last quarter during the conference call. gives stock awards to management AND allows ALL employees to purchase shares at a discount. My numbers are NET repurchased.
|
|
|
Post by silkstone on May 1, 2020 13:12:36 GMT -8
Well if it’s true it worked, Tesla is now down 11% after being up Musk has done this a few times in the past few years, saying the stock is overvalued or overheated, right? Going too high too fast is a sure way towards a peaky overvaluation and then crash back down. Who wants that, unless trying to sell out at the top, or for a company, using that overvaluation to scoop up other companies or issue more stock. But, that also leads to lawsuits, and Musk tends to have more than enough Tweets to get him in trouble. But if the stock doesn't go down, lawsuits be damned since there are no monetary claims of damages. Keeping the sideshows to a minimum, even if it might be free press, helps keep the focus on the products and company. OTOH, if he was looking at global domination in the auto industry, instead of having his sights set on Mars, he could buy out Ford by issuing an extra 20% of shares, which would still give F a 20% premium. There's debt, dealers, and unions, but at some point it's just fun money while pushing the industry forward by a few years. Crazy! Yea, I guess I’m old school. I’m not an owner of the stock but if I was I wouldn’t want the CEO talking the shares down no matter how high he thought they were. He comes off as a bit of a loose cannon to me. He might be doing that in an attempt to get all the option traders out, I have no idea.
|
|
4aapl
Moderator
Posts: 3,622
|
Post by 4aapl on May 1, 2020 14:46:58 GMT -8
He comes off as a bit of a loose cannon to me. What! No.... This whole Twitter thing, with being able to get your thoughts out to the masses quickly, without much thought to them before posting them.... I don't really follow such things, Twitter or otherwise, but I've heard Elon isn't the only one utilizing it to the chagrin of his PR team. That said, I could see Steve just loving it if it was available 30 or 40 years ago, when Apple was a much different company, with much different challenges, and a much different customer base. Ahhh, MacWeek, the dish of choice when I could get my hands on a copy. My how things have changed, both the times, and Apple.
|
|