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 31, 2020 2:58:25 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 31, 2020 3:01:45 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 31, 2020 3:25:11 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 31, 2020 3:30:34 GMT -8
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Post by artman1033 on Jul 31, 2020 3:48:39 GMT -8
AAPL ALL TIME HIGH!$425.66All Time Highest TODAY intraday 91,201,476
shares traded today +$1.847 TRILLION
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Post by socal Film Composer on Jul 31, 2020 3:56:31 GMT -8
AAPL ALL TIME HIGH! WATCH THIS SPACE! I SHALL update this spot later today after jury duty. Ha - standing by Artman!! away we go Into the 400$s.... WHEEEEEEEEEEEE congrats longs, a stellar earnings report and call.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jul 31, 2020 5:52:20 GMT -8
All this on a day when incredibly bleak US economy numbers were released... I'm happy for Apple (and my investment), but it's a strange disconnect to say the least. We've been talking about this disconnect for a while, but one can see that with at least a few tech companies, it is based in facts. Amazon has made out amazingly well, with so many extra orders from them during this pandemic. It seems like at least some of the usage will last. Facebook makes sense, with more people sitting in front of computers, and more time on their hands. I stay away for the most part, but this is a time of unknowns and other social outlets being minimized, so it makes sense. Apple. There's a lot more things being ordered, and like facebook more people in front of computers. Rumor is that our school wants even the kids back in school to have a parent provided laptop in front of them. At the same time, while the district placed 2 big orders for PC laptops, their distributor (CDC or something like that) is saying they'll get them mid-October, 2 months after classes start. These are the ones for the neediest families, though there were waves in the spring too. I don't know how Apple is doing in the edu market these days and wasn't able to concentrate on the CC too much, but they did say that iPads and I think laptops were constrained. The S&P is still down from its peak while relatively close, whereas the nasdaq has been setting new highs. At least for some companies, that makes sense.
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Post by silkstone on Jul 31, 2020 6:15:37 GMT -8
I am amazed at how great this stock continues to be during this pandemic. Congrats to all Apple longs, your persistence is continuing to pay off.
I sold more than half of my shares a few weeks ago because I didn’t think we could have 30% unemployment along with a growth in iPhone sales, shows what I know.
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Post by playultimate on Jul 31, 2020 6:53:32 GMT -8
All this on a day when incredibly bleak US economy numbers were released... I'm happy for Apple (and my investment), but it's a strange disconnect to say the least. We've been talking about this disconnect for a while, but one can see that with at least a few tech companies, it is based in facts. Amazon has made out amazingly well, with so many extra orders from them during this pandemic. It seems like at least some of the usage will last. Facebook makes sense, with more people sitting in front of computers, and more time on their hands. I stay away for the most part, but this is a time of unknowns and other social outlets being minimized, so it makes sense. Apple. There's a lot more things being ordered, and like facebook more people in front of computers. Rumor is that our school wants even the kids back in school to have a parent provided laptop in front of them. At the same time, while the district placed 2 big orders for PC laptops, their distributor (CDC or something like that) is saying they'll get them mid-October, 2 months after classes start. These are the ones for the neediest families, though there were waves in the spring too. I don't know how Apple is doing in the edu market these days and wasn't able to concentrate on the CC too much, but they did say that iPads and I think laptops were constrained. The S&P is still down from its peak while relatively close, whereas the nasdaq has been setting new highs. At least for some companies, that makes sense. My wife is a teacher and her school district has for years issued an iPad to every middle and high school student. Teachers are issued a MacBook Air and an iPad. From a technology standpoint, there were no major issues when they district went on lockdown. Internet access and shared use were issues in some households. (eg. middle school iPad but elementary students needed to be online) Re: markets making sense. The next two months will tell the story. Between evictions, foreclosures, and unemployment something will need to give. I just cannot imagine this market continuing against those issues. But the market seems to be less connected to the economy is more of a game for traders.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jul 31, 2020 8:34:24 GMT -8
As a few of the ANALysts pointed out, the government is raining money out of helicopters right now, and in many cases people are actually getting paid more than they did while working. Less stuff to do right now, so lots of discretionary income to buy iPhones. Obviously this money spigot is not sustainable, but hopefully we'll open things back up soon. Imagine being Goldman's Rod Hall today, a guy paid handsomely to advise clients on what stocks to buy, having waved all of them off of Apple. I wonder what he gets paid. Anyway, Tim was definitely looking out for us shareholders (and himself) with this split. I've long championed splits for reasons the dopey financial media just can't seem to understand. The main benefit isn't about lower income people being able to afford AAPL shares (as some here have mentioned, fractional share trading has largely solved that). It's the psychological effect of a low share price. I've told the story several times here that I have a math prof friend who has called AAPL "expensive," when any comparison of PE's clearly shows it still trades at a discount in its sector. The simple fact is, most people look at the absolute share price, not PE's, and thus AAPL is more attractive at $102.50 than $410 - let alone $2870 it would theoretically be if the last split hadn't occurred. My opinion is that it wouldn't have occurred without that 7-1 split for the reason I just mentioned. (some will point to Amazon, but how high would AMZN be if it had split?). And of course, the DJI index also only looks at the share price for weighting. All the ETFs and investment funds will have to trim AAPL due to the Dow 30 re-balance. While this re-balancing may cause some temporary dips, surely Tim and Luca realized the advantage of - using my fuzzy middle aged lawyer math - a sudden 75% increase in potential liquidity for AAPL going forward. How many times have we heard, "everyone who could own Apple already does"? On 8/31, 75% of that everyone will go "poof." I know this could have been stated with better numeracy, but I am under caffeinated and under carbed. Broader market weakness is choking our pop today...
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jul 31, 2020 8:43:27 GMT -8
My wife is a teacher and her school district has for years issued an iPad to every middle and high school student. Teachers are issued a MacBook Air and an iPad. From a technology standpoint, there were no major issues when they district went on lockdown. Internet access and shared use were issues in some households. (eg. middle school iPad but elementary students needed to be online) That's great to hear! An iPad has worked well in most of our cases for spring distance learning, but at least one of the fall options said that a laptop was really needed, and that a chromebook or iPad wouldn't really work. I think that had to do with using the online version of Office. We had plenty of working computers in the spring, but some of the things like the online version of Office and the general school software didn't work on older computers. iPads would be great, while a little tougher and a lower cost. We added a keyboard case to ours, and like that in most cases it can be a laptop substitute. We'll see. Part of it depends on our educational plans for the fall, and how mobile we need to be. But a school district ordering lots of "needed laptops" and then not getting them until 2 months into the school year seems like a major mess-up.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Jul 31, 2020 9:49:21 GMT -8
I forget and I am almost afraid to ask, but after a 4:1 split, is the dividend per share reduced?
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Post by zebrum on Jul 31, 2020 10:12:11 GMT -8
Upgrades:
Piper Sandler $450 JP Morgan $460 Cowen $470 Wedbush $475
Goldman Sachs still a laughing stock sticking with $233 since April
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 31, 2020 10:15:01 GMT -8
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Post by zebrum on Jul 31, 2020 10:25:52 GMT -8
$461 for $2T 2T / 1.79T (current market cap) = 1.11 1.11 x $412.60 (current price) = $461
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jul 31, 2020 10:29:27 GMT -8
I forget and I am almost afraid to ask, but after a 4:1 split, is the dividend per share reduced? It's just like having Costco triple cut a pizza, instead of double cut (standard for orders) or single cut (standard for by the slice). It's the same pizza, just smaller pieces. If you get $10k from dividends, you still get $10k from dividends (they didn't raise that, as that's been done after the 2nd quarter, annually). But that does mean instead of 82 cents per share, it's 20.5 cents per share per quarter on a forward split adjusted basis. FWIW, the dividend has a record date of Aug 10 and a paid date of Aug 13 (so pre-split, and at 82 cents/share). The split has a record date of Aug 24, and a trade date of Aug 31.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jul 31, 2020 10:47:13 GMT -8
So timely, in light of the circular firing squad that Congress is trying to muster against US tech companies. I've been reading a Rockefeller biography lately, and as I've argued before, if Standard Oil hadn't been assailed by its own government, would Saudi Aramco have been the biggest company on earth? And would breaking up American tech companies have the same effect? Think I'm crazy? (your answer in the affirmative is not mutually exclusive with me being right on this). ´We are not the enemy´: Tik Tok claims it helps competition in the US marketWTF is Congress doing?!? With representatives like this, who needs (foreign) enemies? PRC is laughing at our constant internecine warfare. Do I even need to say that we shouldn't be rooting for any US tech company to be broken up? That's just the alligator eating you last. Every AAPL stockholder should be writing his congresscritter to leave US tech companies alone.
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Post by lymphocyte on Jul 31, 2020 11:26:48 GMT -8
I forget and I am almost afraid to ask, but after a 4:1 split, is the dividend per share reduced? It's just like having Costco triple cut a pizza, instead of double cut (standard for orders) or single cut (standard for by the slice). It's the same pizza, just smaller pieces. If you get $10k from dividends, you still get $10k from dividends (they didn't raise that, as that's been done after the 2nd quarter, annually). But that does mean instead of 82 cents per share, it's 20.5 cents per share per quarter on a forward split adjusted basis. FWIW, the dividend has a record date of Aug 10 and a paid date of Aug 13 (so pre-split, and at 82 cents/share). The split has a record date of Aug 24, and a trade date of Aug 31. Long-time reader and shareholder, first time poster. With a 4:1 split, does that mean the next quarter's dividend will be 20.5 cents/share? Is that even possible?
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mark
fire starter
Posts: 1,552
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Post by mark on Jul 31, 2020 12:00:46 GMT -8
It's just like having Costco triple cut a pizza, instead of double cut (standard for orders) or single cut (standard for by the slice). It's the same pizza, just smaller pieces. If you get $10k from dividends, you still get $10k from dividends (they didn't raise that, as that's been done after the 2nd quarter, annually). But that does mean instead of 82 cents per share, it's 20.5 cents per share per quarter on a forward split adjusted basis. FWIW, the dividend has a record date of Aug 10 and a paid date of Aug 13 (so pre-split, and at 82 cents/share). The split has a record date of Aug 24, and a trade date of Aug 31. Long-time reader and shareholder, first time poster. With a 4:1 split, does that mean the next quarter's dividend will be 20.5 cents/share? Is that even possible? Definitely possible. I think I once got a "dividend" of 1.53 cents per share on some oddball stock.
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Post by Lstream on Jul 31, 2020 12:06:57 GMT -8
Broader market weakness is choking our pop today... Kind of liking this choking.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Jul 31, 2020 12:09:36 GMT -8
Broader market weakness is choking our pop today... Kind of liking this choking. The DJI & S&P owe AAPL today.
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Post by nwjade on Jul 31, 2020 12:12:53 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 31, 2020 12:17:37 GMT -8
Somehow saying WOW just doesn’t cut it. This stock gained $40.28 and 10.28% today. It’s been a very long time since I’ve seen that kind of increase. And in after hours trading it is up $0.64 at this moment. Impressive.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Jul 31, 2020 12:18:25 GMT -8
It's just like having Costco triple cut a pizza, instead of double cut (standard for orders) or single cut (standard for by the slice). It's the same pizza, just smaller pieces. If you get $10k from dividends, you still get $10k from dividends (they didn't raise that, as that's been done after the 2nd quarter, annually). But that does mean instead of 82 cents per share, it's 20.5 cents per share per quarter on a forward split adjusted basis. FWIW, the dividend has a record date of Aug 10 and a paid date of Aug 13 (so pre-split, and at 82 cents/share). The split has a record date of Aug 24, and a trade date of Aug 31. Long-time reader and shareholder, first time poster. With a 4:1 split, does that mean the next quarter's dividend will be 20.5 cents/share? Is that even possible? Thanks for joining! Yes, like Mark said, partial cents are possible. Apple will probably clean that up the next time it adjusts dividends, normally at 2nd quarter earnings. But it looks like it should be 20.5 cents per share, for both the 4th and 1st quarter. There's plenty of times that things get adjusted or rounded. It's even more of an issue on reverse splits, like Comstock doing a 1 to 5 reverse split so they didn't get delisted. But over the years I've seen funky numbers that needed rounding in the 3com-Palm split, and in IGT being bought. They work it out, and it's nothing to get too worried about, though with the recent US Oil issue there was an extra fee of $30 or so, so a couple trivial retirement accounts have mini margin calls. Most are seamless, but that wasn't. But yes, I'd expect 20.5 cents per share per quarter.
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Post by hyci004 on Jul 31, 2020 12:35:54 GMT -8
Funding secured... $420 any day now. Is that before or after the split .... :-) from yesterday.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 31, 2020 12:36:12 GMT -8
$461 for $2T 2T / 1.79T (current market cap) = 1.11 1.11 x $412.60 (current price) = $461 My expectation is that there will be a flurry of buying after the split, and that the equivalent $115.25 will fall pretty quickly. Perhaps enthusiasm over the next month will make it happen sooner, but it seems like a lock, absent any extreme Washington follies.
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Jul 31, 2020 12:45:58 GMT -8
Since84 would(will) have liked this ‘to infinity an beyond’ ascent today. And A big ‘wheeeeeeeeeeeeeeeeeeeeee’ for lovemyipad Edit... (and a ‘cheers to the longs‘. If you are long enough, you probably doubled your original investment in the last 2 days(although I have xrates confusing the math...))
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 31, 2020 12:48:03 GMT -8
We have new member, lymphocyte. Welcome aboard! If you have been observing, then you know that we mostly don’t bite, notwithstanding political and intellectual differences. Please do introduce yourself, tell us a bit about yourself, your interest in Apple/AAPL, and why you decided to join the party.
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Jul 31, 2020 12:52:27 GMT -8
We have new member, lymphocyte. Welcome aboard! If you have been observing, then you know that we mostly don’t bite, notwithstanding political and intellectual differences. Please do introduce yourself, tell us a bit about yourself, your interest in Apple/AAPL, and why you decided to join the party. Oh, we byte.... (that was a binary joke, but only 10 of you will get that)
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Post by Lstream on Jul 31, 2020 13:04:13 GMT -8
We have new member, lymphocyte. Welcome aboard! If you have been observing, then you know that we mostly don’t bite, notwithstanding political and intellectual differences. Please do introduce yourself, tell us a bit about yourself, your interest in Apple/AAPL, and why you decided to join the party. Oh, we byte.... (that was a binary joke, but only 10 of you will get that) That is quite a pessimistic assessment of forum members.
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