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Post by po1nt on Jan 14, 2013 6:36:29 GMT -8
anyone get any shares under 500?
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Post by PikesPique on Jan 14, 2013 6:36:51 GMT -8
Absolutely! Ditch guidance and maybe even individual numbers of products sold, ala Amazon. Let the analysts guess without any clues. Should at least be good for a laugh.
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Post by rob_london on Jan 14, 2013 6:37:26 GMT -8
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Post by terps530 on Jan 14, 2013 6:37:27 GMT -8
If TC breaks his silence now he will set a dangerous precedent, and his silence in future will be devastating - so he'd be reduced to running commentary. Hmm What's more devastating? The entire investment community laughing at AAPL and pretty much having all confidence destroyed by this 4 month slide. or TC saying something and risk having to say something in the future. Precedent has already been broken. This has not happened before and a lot of investors were/are in AAPL due to its stable trading nature. edit: strong trading nature, or safe to not lose $. going up so much isn't necessarily stable. Also, Mav- thoughts? I posted that article yesterday and u quickly dismissed it as FUD. Are u watching PM? whether it is or it isn't, pretty much every negative 3rd party news gets dismissed as FUD and every positive 3rd party news gets cheered and added to projections/analysis, etc. I think it's BS the way the article is structured and the way it means nothing else could be in the works, but it is published in the WSJ so it's causing some pain. Regardless of what we think here, if 99% of the market is going to trade it one way, it's silly to dismiss the news. short term: frustrated
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Post by appledoc on Jan 14, 2013 6:38:47 GMT -8
Dammit. The bid/ask spread on all the spreads I'm looking at is enormous.
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Post by ericinaustin on Jan 14, 2013 6:50:24 GMT -8
Speaking as someone who will see 100k evaporate on Friday , this really is the mother of all buying opportunities in a stock that has a huge run ahead of it. You must step in and buy when there is blood in the streets and it is really flowing right now. The company is now priced for absolute failure and I can't think of a company better positioned for the near future in computing , mobile and entertainment.
Apple sits at the intersection of every change and is on the right side of that change and huge transition. They also sit there with the best balance sheet and P/E ratio of any company in the public space right now. We will look back on this day a year from now and finally know how wrong the market can be when it prices and values a company.
We should be pulling out the couch cushions to find spare change to buy right now.
Eric in Austin
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 14, 2013 6:50:54 GMT -8
Dammit. The bid/ask spread on all the spreads I'm looking at is enormous. Perhaps because "they" know this price level is not sustainable...
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Post by fas550 on Jan 14, 2013 6:51:13 GMT -8
So one would think the probe found no problem and that the $2 drop in price referenced in the probe was okay along with the $16 drop today. I know where they can stick their probe. :-)
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Post by Lstream on Jan 14, 2013 6:52:06 GMT -8
As much as I'd love TC to say something, because I'm getting hit hard here, it wouldn't be a good move. Earnings are in 9 days and should speak for themselves. If TC breaks his silence now he will set a dangerous precedent, and his silence in future will be devastating - so he'd be reduced to running commentary. +1. So many people looking to be rescued by some kind of short-term meaningless statement or action. I think it could just as easily be seen as panic and the media would pile on even more.
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icam
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Post by icam on Jan 14, 2013 6:54:51 GMT -8
Bloomberg now - Slowdown reports coming out of the "murckey" world of supply chain reporting.
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Post by phoebear611 on Jan 14, 2013 6:59:05 GMT -8
As much as I'd love TC to say something, because I'm getting hit hard here, it wouldn't be a good move. Earnings are in 9 days and should speak for themselves. If TC breaks his silence now he will set a dangerous precedent, and his silence in future will be devastating - so he'd be reduced to running commentary. +1. So many people looking to be rescued by some kind of short-term meaningless statement or action. I think it could just as easily be seen as panic and the media would pile on even more. Not a statement - but something offensively - think creative.
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Post by appledoc on Jan 14, 2013 7:12:50 GMT -8
Highest 30min volume since Dec 14.
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Post by osx10 on Jan 14, 2013 7:31:10 GMT -8
Notice that WSJ didn't bother with this Mac news HERE
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Post by wheeles on Jan 14, 2013 7:35:07 GMT -8
Notice that WSJ didn't bother with this Mac news HEREWSJ is one of the many media outlets owned by a very small number of people, or groups of people. They push out whatever the hell they like in order to best serve their owners. The days of journalistic integrity are long gone.
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Post by Rupert on Jan 14, 2013 7:35:57 GMT -8
Cramer Piles on The Wall Street Story Based On Daughter’s InputPosted on January 14, 2013 LINK: nanseninvestments.com/ I do not normally comment on negative news stories or comments made by Jim Cramer on CNBC. The fear and uncertainty has reached such a high level that I feel compelled to say something. The Wall Street Journal chose to rely on the report from 1 reporter and 1 lone source that Apple cut it’s screen production for the iphone 5 by 50% due to weak demand. This caused a multitude of news services to parrot this report. Apple immediately tanked $25 in pre market and the fear of an Apple slow down went viral. Jim Cramer was asked about Apple and he took the easy road and piled on citing numerous examples of negative sentiment on Apple iphone and itunes based on one source, his daughter. Was this reporting successful for the Wall Street Journal and CNBC? Absolutely, their ratings went through the roof as they spread a lot of fear on the market’s most closely followed stock. Was it objective and thorough and truthful? No, it was sloppy reporting and really quite shallow. Apple had huge demand in Q1; it could not even keep up with demand for the 1st half of the quarter. Q1 always has bigger demand than Q2 and Apple always prepares for this. Also, Apple is beginning to prepare for the launch of a new iphone model in June. They are making adjustments for that launch. No one is counseling patience to wait for the earnings report in 10 days. All this uncertainty and fear will be cleared up by actual numbers. The fear and uncertainty has hit a new level. This will probably turn out to be the low in Apple and a great buying opportunity. I am going to wait patiently for the earnings report. We will learn the whole truth, and nothing but the truth. It will be a huge relief. I suggest you do the same. Remember that reporters and news organizations reach their highest ratings when they spread extreme fear. Hedge Funds make their greatest profits when fear reaches a peak. Take a deep breath and relax. Everything will be revealed in 10 days.
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Deleted
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Post by Deleted on Jan 14, 2013 7:37:07 GMT -8
lower jan to march order might signal that aapl is going preparing to launch new form factor for their iPhone, which might be a bigger screen size. Therfore if view the news from another angle, its a good news. News like this is never good. No matter the angle it is viewed, it is unsubstantiated, therefore the purest form of bullcrap.
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Post by mbeauch on Jan 14, 2013 7:40:30 GMT -8
Nothing good to report this morning. Twitter is ablaze with every hater on AAPL making comments. CNBC had the story TWICE in its first 7 minutes and now is having Henry Blodget on at 8 a.m. This continues to be relentless. Ever since AAPL won the patent suit all we have done is go down. I am sure that many will think I am crazy but I believe that Samsung is involved. I think they are helping create rumors and bad stories and - supply side bull shit (they're suppliers aren't they? why do they need to be silent..they're losing their client anyway). It will never be proven but they have shown to have zero integrity. In the end it doesn't matter, we still end up with an AAPL that has been raped, battered, bruised and victimized -- and a company who won't say much of anything to defend itself. That's my opinion. You don't have to agree. Phoebes, read the last couple of pages from the weekend thread. You will find that I expressed the same view about Samsung being behind this. I also agree that ever since Apple won the lawsuit it has been under attack. My belief is that Samsung and Google have teamed up to wage war on Apple through the media. Come next week we will find out how the war is going. If Apple can somehow report great numbers, Google and SS will have spent billions on nothing. It is laughable that Samsung reports its 100 million Galaxy phones today. Considering they do not break down units in their CC, we will never know the truth. That is for all Galaxy series phones which have been on sale for a couple of years. Not that impressive to me considering Apple is going to announce half that amount for 1 quarter.
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Deleted
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Post by Deleted on Jan 14, 2013 7:41:55 GMT -8
If anyone is looking to get long for earnings, now is as good a time as any. Bought 200 Jan Wk4 $505-$510 at $2.25 At minimum I'm expecting a dead cat bounce tomorrow to about $515.
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Post by rutgersguy92 on Jan 14, 2013 7:44:13 GMT -8
Broke my own rule and listened to CNBC. Henry Blodget was actually not bad (from the rhetoric aspect). Actually defended the company and said a number of times the valuation is very compelling. When pushed on the question if Apple was still overvalued he even said under no measurement is Apple overvalued. Brought up the PE of 11.x a few times and the giant cash hoard. As far as the rumors, basically said this is what analysts have been saying for the past month. The article presents only an interpretation of this reduction, but it's the same old story we hear over and over again. Precisely, it's the reporter's interpretation of the facts, and with a bearish slant. The guy writing this is not an editorial writer, but a reporter, who should just conjure up the facts. The very idea that he puts his own spin on it, should make this some kind of SEC violation. Somebody at SEC, please check if he sold AAPL short, or bought AAPL puts.
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Post by appledoc on Jan 14, 2013 7:48:50 GMT -8
If anyone is looking to get long for earnings, now is as good a time as any. Bought 200 Jan Wk4 $505-$510 at $2.25 At minimum I'm expecting a dead cat bounce tomorrow to about $515. I admire you Gregg. I'm looking at Feb 595/600 for 0.30 as a lottery ticket.
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Deleted
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Post by Deleted on Jan 14, 2013 7:51:29 GMT -8
Let's not forget that Apple are now looking towards the iPhone 5s and that could well feature a new screen. So, why order more screens that they are phasing out? Honestly, these supply chain reports do not give a clear picture of what is going on, and only serve to manipulate the stock. I wonder if that protector of the public interest (not) the SEC has noticed that supply problems and order cuts always involve one element that none of Apple's competitors have access to, screens, ergo Apple's problems won't affect Apple's competitors. Why is it that at least twice during a quarter there will be rumors of supply problems regarding screens (already had one in the December quarter), or as now, in the March quarter there are reports of order cuts. Duh, sales of nearly everything on the planet goes down in the March quarter. I wish the government wouldn't help me any more, I can't afford it.
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Post by mbeauch on Jan 14, 2013 7:52:58 GMT -8
Notice that WSJ didn't bother with this Mac news HEREWSJ is one of the many media outlets owned by a very small number of people, or groups of people. They push out whatever the hell they like in order to best serve their owners. The days of journalistic integrity are long gone. The WSJ was my last holdout for decent journalism. As I pointed out yesterday, they are owned by the Dow Jones company, which also owns Marketwatch. Once in bed with the whores, you become one. These demand headlines have been running for 4 months and will continue until Apple gives its earnings. Tim prepared the market for Octobers ipad number in a very professional way. I viewed the CC data in the same context, that Tim was sending a message and this time it was a good message.
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Deleted
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Post by Deleted on Jan 14, 2013 7:53:37 GMT -8
When you are a public company you have a fiduciary responsibility to your shareholders. I don't give a crap about SJ's attitude in the past or what TC thinks he should be doing - but you need to respond to your shareholders in SOME way. If not, then shareholders should sell because management doesn't give a crap about you. I am struggling to stay long but am losing faith. You can create good products and still have good shareholder relations - it's NOT that difficult! And by the way - that's why they (AAPL management) gets paid the big bucks! So earn it! Exactly...Tim Cook is making 1,000,000 shares of AAPL over the next 10 years. Even without appreciation, that's 500 Million. As CEO his responsibility is to shareholders and keep the company moving in the right direction. If he ignores shareholders altogether, he won't be around long enough. He doesn't have the leeway that Steve Jobs had because it was basically Steve's company. If AAPL doesn't find their shares cheap enough to buy with their $125-130 Billion, than why should I spend my money on them? If this Earnings Report isn't spectacular, I'm out of this rigged game and I'll stick with Index funds.
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Deleted
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Post by Deleted on Jan 14, 2013 7:54:24 GMT -8
That's weird. My order for 200 Jan Wk4 Spreads now shows still Open, after showing Filled.
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Post by mbeauch on Jan 14, 2013 8:04:30 GMT -8
If AAPL doesn't find their shares cheap enough to buy with their $125-130 Billion, than why should I spend my money on them? If this Earnings Report isn't spectacular, I'm out of this rigged game and I'll stick with Index funds. This really is the backbone of the buyback argument, if Apple does not consider it a good investment at $500, why should anyone else? It does not matter if Apple announces a particular dollar amount or specific number of shares. Just do it the WB way, let the market know that Apple will by aggressively when it feels that its shares are undervalued. Apple is the one elephant that WS can not go against. WS can not win the battle because Apple would not be trading, they would be removing. This is amazing power because the number of shares that actually trade hands every day is much lower than people realize. If Apple starts buying, the shorts would move on to another company.
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Post by mbeauch on Jan 14, 2013 8:06:43 GMT -8
To make matters worse, the headlines shifted to Apple being the cause for the whole market being down. The market has since turned green and Apple is showing signs of life. Fingers crossed that this was the final flush.
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Post by appledoc on Jan 14, 2013 8:07:39 GMT -8
Buyback began on October 1. I suspect that we will get a statement during the CC regarding what has been done so far.
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Post by alice on Jan 14, 2013 8:13:45 GMT -8
SOMETHING needs to be said at the CC next week. This is bullshit. Because now Q1 can only be of little help. It's going to be all about Q2 guidance, which damn well better be above 2Q12 actual. I want to see Q2 guidance above 2Q12 actual too.
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Post by Red Shirted Ensign on Jan 14, 2013 8:20:21 GMT -8
I got a few 495/505 BPS when we began the LOD ( I hope) bounce.
What damage could be done was done in the first hour. A quadruple bottom....the 500 call/put wall for this Friday now controls....
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Post by mbeauch on Jan 14, 2013 8:27:45 GMT -8
Buyback began on October 1. I suspect that we will get a statement during the CC regarding what has been done so far. We will know for sure because Apple will divulge the number of outstanding shares. At the end of last quarter the diluted share count was 945,355. Apple's buying is suppose to shop share creep which has been a huge drag on earnings believe it or not. If we could just go back to 2007 share levels the EPS would be significantly higher. Heck, we talked about this in the old AFB, AAPL dropped to $78 in the spring of 2009 and Apple did not take the opportunity to buy shares then at a ridiculous price.
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