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 Jul 22, 2020 2:40:56 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 Jul 22, 2020 2:48:34 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 22, 2020 6:43:25 GMT -8
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Post by Lstream on Jul 22, 2020 11:07:17 GMT -8
I have a family member who manages the investments for an ultra-high net worth person. Ten-figure net worth. I consider him a very well trained and sophisticated investor. His bonuses depend on outperforming the market, and he is doing very well. Not afraid to make some bold calls. His boss is very into energy/oil and gas, and years ago, he was convinced to get out by my family member.
Historically his boss has shied away from tech investments. But he was convinced to invest in Microsoft and Apple in 2019 by my family member. Paid $220 for Apple. I know the boss very well, and he has always kind of scoffed at my Apple investment. Recently he is second-guessing and thinking he should perhaps sell. My family member is resisting and telling him to hold.
A couple of days ago, at a family event I was commenting about how well Apple is doing in this pandemic, and whether that performance made any sense. His macro perspective was interesting. His main point is that there is a lot of liquidity that has had their investing alternatives dramatically reduced due to this investment climate. He specifically mentioned capital-intensive businesses like oil and gas. Where historically his boss has made a bunch of money. This money cannot sit on the sidelines. So it is searching for highly liquid investments where a lot of money can be put to work. Apple (and Microsoft to a somewhat lesser degree), in my family-members opinion is an ideal home for this money. He would like to see Apple increase the dividend, but beyond that he thinks it is the ideal investment in this climate.
So net net, he is not spooked or concerned about Apple's recent price appreciation. He is prepared to ride out any swings that could be coming.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jul 22, 2020 12:03:31 GMT -8
3rd highest closing price, ever, at $389.09. And an RSI below 70, at 66.89.
Not bad for a slow news day. We'll see how these next 6 trading days go, and if the rumor mill tries to inject some fear into the pre-earnings quiet time.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 22, 2020 12:05:00 GMT -8
Dull day, but I’ll take a green close any time.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 22, 2020 18:41:30 GMT -8
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Post by Lstream on Jul 22, 2020 18:58:02 GMT -8
Any decent lawyer would have would have protected Apple's interest by ensuring that all relevant license terms and obligations survive any change of control or sale of business. And Apple's lawyers are way beyond decent. I would also bet that all the relevant IP is in escrow and will accrue to Apple under various worse case conditions. Softbank might have a "mess" in ever getting their money back, but I don't see any issue getting in the way of Apple's plans.
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