Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Jul 20, 2020 2:41:30 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Jul 20, 2020 5:39:46 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Jul 20, 2020 5:46:54 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Jul 20, 2020 5:58:21 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 20, 2020 7:12:08 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Jul 20, 2020 8:10:28 GMT -8
Well, it looks like AAPL has woken up from this morning.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jul 20, 2020 8:37:38 GMT -8
Things are a little quiet these days, and Apple released news will likely be quiet until earnings in a week and a half, even if this is prime time for rumors, unsubstantiated or otherwise.
These days it looks like we have a lot of guests visiting, along with some posters who rarely post.
Let's here from you!
What's your experience and goals, with Apple or AAPL?
What cool things do you see Apple enabling, via AR, self-made chips, machine management, Watch and AirPods, or whatever?
Let's mix it up a bit!
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Post by duckpins on Jul 20, 2020 11:05:12 GMT -8
"Mordechai Beizer said: A fallacious argument. Excess corporate profits distributed to shareholders are either plowed back into consumption (benefiting some other corporations), re-deployed into other investments (thus providing capital to other ventures), or put into savings (thus allowing banks to increase lending). He shows his true colors by making reference to the shareholders as “the rich and upper middle class”. Obviously his major issue is that anything that might benefit the rich is bad. Why doesn’t he just come out and say that all excess profits should be returned to the government which is the true engine of growth (sarcasm tag)." Actually the reason the 50's and 60's were able to extend FDR's prosperity to the middle class was because of the high tax rate on the upper 2% and corporations. Corporations pay nothing or almost so in tax now. Bezos has billions in tax credits he can use at any time. The economy works to increase the middle class by the multiplier effect. If you move money to the Cayman islands or to Luxembourg and pay 2% to keep your funds secret, that money is removed. The multiplier effect is reduced. Wealth consolidation increases. A stable fair government is the engine of real growth. Where in the world was there real growth without this?
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Post by duckpins on Jul 20, 2020 11:39:29 GMT -8
Last time Apple approached 400 that was a signal. 399.82 and down. Worth watching.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Jul 20, 2020 11:46:25 GMT -8
Seems like we were about 400 when we got the last 7-1 split if I remember correctly. I could stand another of those about now. If I remember right, it didn't hurt us much
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jul 20, 2020 12:06:29 GMT -8
Seems like we were about 400 when we got the last 7-1 split if I remember correctly. I could stand another of those about now. If I remember right, it didn't hurt us much Wasn't that after topping out just above 600? I can do without a 33% decline right now. One a year is plenty
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jul 20, 2020 12:21:03 GMT -8
"Mordechai Beizer said: A fallacious argument. Excess corporate profits distributed to shareholders are either plowed back into consumption (benefiting some other corporations), re-deployed into other investments (thus providing capital to other ventures), or put into savings (thus allowing banks to increase lending). He shows his true colors by making reference to the shareholders as “the rich and upper middle class”. Obviously his major issue is that anything that might benefit the rich is bad. Why doesn’t he just come out and say that all excess profits should be returned to the government which is the true engine of growth (sarcasm tag)." Actually the reason the 50's and 60's were able to extend FDR's prosperity to the middle class was because of the high tax rate on the upper 2% and corporations. Corporations pay nothing or almost so in tax now. Bezos has billions in tax credits he can use at any time. The economy works to increase the middle class by the multiplier effect. If you move money to the Cayman islands or to Luxembourg and pay 2% to keep your funds secret, that money is removed. The multiplier effect is reduced. Wealth consolidation increases. A stable fair government is the engine of real growth. Where in the world was there real growth without this? LOL @ "FDR's prosperity." FDR's amateurish tinkering and attacks on business converted a market crash into a decade long depression! He made business the enemy and they went on a capital strike. Dems got their asses handed to them in the 1938 midterms and FDR was headed for a forced retirement (as he should have after two terms, the power-greedy, Stalin-loving maniac), but then, desperate to win reelection, he did a 180 and courted business and tried making them a partner instead of the enemy (the economic might of American business of course won WWII for FDR). Too bad he didn't do that 8 years earlier! As Churchill said during WWII, "the Americans will do the right thing, after trying everything else." FDR's prosperity, is that like Cuomo's (grandparent-murdering) "covid leadership" that the left wing media is going on about? Taxes do not bring prosperity. Go look at a chart of the Dow 30 from 1960-1980. Flat. THEN WHAT HAPPENED (Reagan cut taxes)? Dow ran up all the way until Clinton killed it with his tax increases (1999 crash).
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Post by socal Film Composer on Jul 20, 2020 13:42:06 GMT -8
wow - this is incredible congrats longs!
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on Jul 20, 2020 14:40:44 GMT -8
"Mordechai Beizer said: A fallacious argument. Excess corporate profits distributed to shareholders are either plowed back into consumption (benefiting some other corporations), re-deployed into other investments (thus providing capital to other ventures), or put into savings (thus allowing banks to increase lending). He shows his true colors by making reference to the shareholders as “the rich and upper middle class”. Obviously his major issue is that anything that might benefit the rich is bad. Why doesn’t he just come out and say that all excess profits should be returned to the government which is the true engine of growth (sarcasm tag)." Actually the reason the 50's and 60's were able to extend FDR's prosperity to the middle class was because of the high tax rate on the upper 2% and corporations. Corporations pay nothing or almost so in tax now. Bezos has billions in tax credits he can use at any time. The economy works to increase the middle class by the multiplier effect. If you move money to the Cayman islands or to Luxembourg and pay 2% to keep your funds secret, that money is removed. The multiplier effect is reduced. Wealth consolidation increases. A stable fair government is the engine of real growth. Where in the world was there real growth without this? Well as Warren Buffet famously mentioned, he’s taxed at a lower rate than his secretary, so clearly the current system is pretty far from fair. Fortunately he and many others of ultra rich status are in support of a wealth tax and/or other tax increases. The disproportionate wealth concentration in the US is some of the worst in the world and desperately needs to be addressed if we’re to have a stable economy and society in the future. I remain optimistic that in the near future we’ll be able to put serious and competent people back in power to hopefully make progress on this front.
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 311
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Post by crispin on Jul 20, 2020 15:46:12 GMT -8
Got around to watching Greyhound the other night. I'll first say I think it was a very smart acquisition by Apple, and I hope to see more like it. Purely anecdotally I've heard more non-Apple TV subscribing people mention it than any other Apple TV+ programming, with the possible exception of The Morning Show. If part of its job is to raise the profile of the platform, I think it's having the desired effect. Even my dad, who is no follower of entertainment news, was chatting about it with his other retired Air Force friends. IMO it's a solid "you sank my battleship" style action film with some impressive CGI and cinematic finishes, but the character development is a bit anemic for my tastes. Hanks brings an engaging humanity to the lead as he so often does. It's just that every other character feels more like a rough sketch. At only 90 minutes I can understand the time constraints, and the real draw of the film is the epic U-boat battles, so I suppose that's the compromise. Despite my reservations it's still well worth a watch.
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