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 Aug 6, 2020 2:04:16 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 Aug 6, 2020 2:06:42 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 Aug 6, 2020 2:10:21 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 Aug 6, 2020 2:26:14 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 Aug 6, 2020 2:31:33 GMT -8
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Post by artman1033 on Aug 6, 2020 5:44:00 GMT -8
AAPL ALL TIME HIGH!$457.65All Time Highest TODAY intraday 49,322,586
shares traded today +$1.946TRILLION
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 6, 2020 6:34:26 GMT -8
AAPL single-handedly trying to prop up the markets.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Aug 6, 2020 6:42:33 GMT -8
1% here, 1% there, and it starts to add up.
On yesterday's B of A "downgrade with price upgrade", if he really thought 470 was the 1 year target, that puts it at only 10% in a year, while probably thinking 8-12% for the market. That sounds like a "market perform", and thus a neutral.
Of course we all hope AAPL can maintain the 26%-32%-34.5% range that it has annualized over the last 10 year, 5 year, and 22.5 year periods. But, even if it does manage to stay in that ballpark for another 5 or 10 years, there have been plenty of flat or down years in the series.
The fundamentals slowly catch up. With Apple having bought back more than 20% of the outstanding shares, without that AAPL could very well be down $100 from here. Crazy!
Thanks Apple!
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Post by aapltini on Aug 6, 2020 9:32:04 GMT -8
Crap!!! It just continues. For the last 4 months I’ve been writing covered calls that I have considered ridiculously out of reach in an attempt to pocket a little premium. Needless to say I just keep “licking my wounds” and rolling them out at higher and higher strikes because, hell no, you can’t have my shares!
Now, I can’t feel too sorry for myself because those calls I purchased at the bottom of the corona dip are up a nifty 600%+. And selling puts in February and March has netted me more In 5 months than I ever made in any 3 year period of my humble “career”as a musician.
AAPL has often taught us perseverance and I’ve been happy to walk through it with all you but this is another one of those “wow” seasons where we Are seemingly rewarded for staying the course. Congrats to all.
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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 Aug 6, 2020 10:47:42 GMT -8
Okay, what happened? I go outside to catch up on some yard work and somebody hits the NOS button and we zoom past the $450 mark. Good job! I should work in the yard more often.
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Post by socal Film Composer on Aug 6, 2020 11:08:29 GMT -8
Don't even know what to say - these gains are astronomical for such a large cap stock. congrats all LONGS!
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ono
Member
compensation
Posts: 537
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Post by ono on Aug 6, 2020 11:09:33 GMT -8
MarketWatch: Apple stock heads for best seven-day stretch since 2009
Apple Inc. shares (AAPL) are up 1.3% in Thursday trading and on track to notch gains for the seventh-straight trading session if the rally holds through the close. That would mark the longest winning streak for Apple's stock since April 8, 2019, when it gained for nine trading days in a row, according to Dow Jones Market Data. The stock has risen 19.7% over the past seven trading sessions and it's on pace for its best seven-day stretch since the period ending on March 18, 2009, when it climbed 22.2%, per Dow Jones Market Data. The stock is set to close at yet another new high. Apple reported June-quarter earnings last Thursday and delivered better-than-expected results, inspiring confidence heading into the fall launch of its first 5G enabled iPhones. Apple shares have rallied 49% over the past three months as the Dow Jones Industrial Average (^DJI) has gained 15%
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 6, 2020 11:17:33 GMT -8
Wow, indeed! As I previously mentioned, I wondered if there might be some effort to hold down the price a bit to make the post-split price as attractive as possible, but it looks like “everybody in the pool!” time, not that I am complaining, although I did mention the possibility of a $125 post-split price.
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Post by plcm123 on Aug 6, 2020 11:18:38 GMT -8
Wow, I think our Rod Hall and Wamsi Mohan just got ran over by a truck, repeatedly! :-)
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Post by duckpins on Aug 6, 2020 11:20:49 GMT -8
"Apple is the most shareholder friendly company as it adds a 4-1 stock split to buybacks and dividends so more people have an opportunity to buy shares.
Apple is still growing at considerable rates as earnings per diluted share increased YOY by 14.67% for the first 9 months of 2020.
iPhone 12 could create a multiyear supercycle as many customers opt for the 5G model over their current iPhone."
1. Being in the DOW mandates the stock price to be like the others. Goog and AMZN would have to split if the DOW took them. The reason is DOW goes up point for point. You can't have a 10 percent rise in one stock = to 100 point rise in the DOW and another equal to 10.
2. Earnings drive stocks.
3. Caution on supercycles. 5G is only important to tech and business people. Consumers would not even know it if no one told them.
4. Buy backs don't add value. They transfer large amounts in fees to Wall Street. Wall Street then sings the praises of Buy Backs.
5. Gap up on the weekly chart ended the 2012 run for the roses in the fall before a 50% decline. We have a gap on on the weekly chart so far with tomorrow to come.
6. Buying the SQQQ might be a good hedge, unlike puts there is no time factor. Apple will not go down alone. All the techs will travel together with exception of FB if they elect Trump again.
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Post by davidstevenson on Aug 6, 2020 12:34:10 GMT -8
Wall Street must really like the new iMac.
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Post by hyci004 on Aug 6, 2020 12:46:58 GMT -8
Wall Street must really like the new iMac. Wall Street is excited about the new Apple gift cards. You can collect all the Apple stickers!
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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 Aug 6, 2020 14:24:26 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 Aug 6, 2020 14:27:07 GMT -8
In after hours trading AAPL is up +$1.06. As if $15.36 wasn’t enough for one day. Amazing!
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Aug 6, 2020 15:24:54 GMT -8
Okay, what happened? I go outside to catch up on some yard work and somebody hits the NOS button and we zoom past the $450 mark. Good job! I should work in the yard more often. Hmmm, I was out doing yard work too. Apparently it was quite lucrative! Maybe that's the antidote to car talk! Get outside, enjoy things or get things done, and let it ride. We know Apple is going to do well in the long term, and that AAPL should also perform. Letting it run keeps us away from the sell button, and even the "writing covered call" options. AAPL has roughly hit my high end targets, and with strikes at 640 now, I can find something that fits my goals. But as JD was getting at, there are times to just enjoy it. I'll not look too much until around the split, unless big news happens for Apple, the market, or the economy/virus. Jumping from a moving train is only advisable if it's about to hit something.
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Post by socal Film Composer on Aug 6, 2020 16:49:58 GMT -8
Just remember in the midst of all of this giddiness, that the split and excitement has attracted the momo crowd to the shares. As soon as the trend stops or slows, they are out of here. I'm not saying we are due for a big hit post split, but i'm trying to temper my expectations a bit from here. It's as if the 2 trillion # is a magnet or possibly the 120 (post split) area - either way, I'll take it. and hope it holds. At the very least, we have a much higher base from which to "correct" down from.
A lot of options players for sure in calls I'd imagine. I rolled some Jan 240 leaps out to June 2021 300s earlier this week and sure glad I did. Insane...ly great.
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