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 20, 2020 2:32:00 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 20, 2020 2:35:44 GMT -8
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Aug 20, 2020 4:45:29 GMT -8
Dave, Thank you for starting the thread every morning. You always seem to get me started with a good attitude. We are lucky to have you
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Post by artman1033 on Aug 20, 2020 4:58:48 GMT -8
AAPL ALL TIME HIGH!$473.56All Time Highest TODAY intraday 30,804,346
shares traded today +$2.024 TRILLION
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 20, 2020 5:42:04 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 20, 2020 6:00:10 GMT -8
Another work day for artman
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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 20, 2020 6:19:05 GMT -8
Dave, Thank you for starting the thread every morning. You always seem to get me started with a good attitude. We are lucky to have you Thank you Bud. When you’re invested in a company like Apple it’s difficult to have any attitude other than a good attitude. It really is a money making machine.
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Post by artman1033 on Aug 20, 2020 6:28:48 GMT -8
Wow! Q&A with Jon Prosser:
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Aug 20, 2020 7:31:50 GMT -8
Check out the comments section: A double here, a double there, at some point Apple won't be able to continue buying back 6% off the shares, unless their new income also doubles. I get weary of some of the big numbers while assuming straight line changes, and trying to not get blindsided. I'd love for AAPL to increase 50% in the next year or two, or 60% to make it to 3T, or really any positive percent that beats the market, especially if that beat is large and is based on success for Apple over that timeframe. For now, focus on the greatness Apple can do, and AAPL will follow. But getting out the crayon and pushing a line out. Well, that's like yelling out To Infinity, and beyond!
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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 20, 2020 8:07:44 GMT -8
Could it even be possible that we will be dividing $500 by 4 here shortly? Never in my wildest dreams would I have thought that AAPL would have moved this far this fast.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 20, 2020 8:51:31 GMT -8
From a comment at PED today:
—————
“The shares will be distributed to shareholders at the close of business on August 24, and trading will begin on a split-adjusted basis on August 31.”
I find this a bit confusing, I don’t know how the price will be listed for trading next Monday, but apparently she is referring to the trading date the Monday after that. —————- “she” is Katy Huberty. Can someone here explain?
Perhaps the shares will be distributed to the investment houses or banks(?) who actually “hold” the shares, but they will not appear in accounts until Aug 31.
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Post by aaplcrazie on Aug 20, 2020 10:33:15 GMT -8
🍏 Brifely tested a Livestream on their YouTube Channel early today with a September 10th graphic attached....Perhaps foreshadowing an 🍏 Silicon Event!!!??
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Post by artman1033 on Aug 20, 2020 10:55:37 GMT -8
🍏 Brifely tested a Livestream on their YouTube Channel early today with a September 10th graphic attached....Perhaps foreshadowing an 🍏 Silicon Event!!!??
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Post by nwjade on Aug 20, 2020 11:18:22 GMT -8
Check out the comments section: A double here, a double there, at some point Apple won't be able to continue buying back 6% off the shares, unless their new income also doubles. I get weary of some of the big numbers while assuming straight line changes, and trying to not get blindsided. I'd love for AAPL to increase 50% in the next year or two, or 60% to make it to 3T, or really any positive percent that beats the market, especially if that beat is large and is based on success for Apple over that timeframe. For now, focus on the greatness Apple can do, and AAPL will follow. But getting out the crayon and pushing a line out. Well, that's like yelling out To Infinite, and beyond!The cool thing if you've ridden the aapl train for a long time, huge percent gains aren't required going forward to continue to do very well. You don't need a double here or a double there. If Apple's phenomenal growth slows no big deal. Adding $1,000,000 to a $1,000,000 portfolio requires a 100% gain but adding $1,000,000 to a $10,000,000 portfolio requires a 10% gain
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 20, 2020 13:17:42 GMT -8
Cult of Mac has a very interesting story with Apple BYOD: How User Enrollment revolutionizes personal device management at work. In my final professional position, which was at IBM Global Services, although the company standard was IBM portables and Windows there were numerous folks who used their PowerBooks at work. I am sure this will only increase that trend and may result in more companies officially supporting Macs in the office.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 20, 2020 13:38:59 GMT -8
TSLA is up almost 10 fold this year with little revenue. No reason AAPL can't go to 250 in a year or so, once we finally open up the country again BTW, nice aftermarket.
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Aug 20, 2020 14:02:04 GMT -8
TSLA is up almost 10 fold this year with little revenue. No reason AAPL can't go to 250 in a year or so, once we finally open up the country again When I bought into AAPL 20 years ago I did so at a time when the exchange rate against the US dollar was terrible ~52¢. But I did so with a fair degree of confidence that; eventually people would eventually realise that Apple made insanely great products, that Apple would command a premium for for that quality and that they would eventually sell sufficient volume to achieve an escape velocity to forever leave the planet Beleaguered. I'd have to say through, that I have maintained (from my comfy armchair, of course) that a fair valuation for apple was/is x24 PE. But sure bring on $250 in a year or so. It's all just cream on top now. As for TSLA, sure, they have high quality products (cars, solar, batteries), they command premium for their products and I'm sure their volume will continue to increase over time. But does that warrant a 10 fold increase this year with little revenue? I'm not convinced, as much as I think their products are the future. I hope you held JD - you'd be a able to afford that purple thing in the hanger now.
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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 20, 2020 14:31:59 GMT -8
TSLA is up almost 10 fold this year with little revenue. No reason AAPL can't go to 250 in a year or so, once we finally open up the country again BTW, nice aftermarket. Oh yes, after hours is up +$2.40 right now so the stock price is $475.50. Come on 500.
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Post by hyci004 on Aug 20, 2020 14:34:29 GMT -8
TSLA is up almost 10 fold this year with little revenue. No reason AAPL can't go to 250 in a year or so, once we finally open up the country again When I bought into AAPL 20 years ago I did so at a time when the exchange rate against the US dollar was terrible ~52¢. But I did so with a fair degree of confidence that; eventually people would eventually realise that Apple made insanely great products, that Apple would command a premium for for that quality and that they would eventually sell sufficient volume to achieve an escape velocity to forever leave the planet Beleaguered. I'd have to say through, that I have maintained (from my comfy armchair, of course) that a fair valuation for apple was/is x24 PE. But sure bring on $250 in a year or so. It's all just cream on top now. As for TSLA, sure, they have high quality products (cars, solar, batteries), they command premium for their products and I'm sure their volume will continue to increase over time. But does that warrant a 10 fold increase this year with little revenue? I'm not convinced, as much as I think their products are the future. I hope you held JD - you'd be a able to afford that purple thing in the hanger now. I disagree with this statement. Tesla is not known for their high quality products. This is well documented.
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benoir
fire starter
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Posts: 1,318
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Post by benoir on Aug 20, 2020 14:46:59 GMT -8
When I bought into AAPL 20 years ago I did so at a time when the exchange rate against the US dollar was terrible ~52¢. But I did so with a fair degree of confidence that; eventually people would eventually realise that Apple made insanely great products, that Apple would command a premium for for that quality and that they would eventually sell sufficient volume to achieve an escape velocity to forever leave the planet Beleaguered. I'd have to say through, that I have maintained (from my comfy armchair, of course) that a fair valuation for apple was/is x24 PE. But sure bring on $250 in a year or so. It's all just cream on top now. As for TSLA, sure, they have high quality products (cars, solar, batteries), they command premium for their products and I'm sure their volume will continue to increase over time. But does that warrant a 10 fold increase this year with little revenue? I'm not convinced, as much as I think their products are the future. I hope you held JD - you'd be a able to afford that purple thing in the hanger now. I disagree with this statement. Tesla is not known for their high quality products. This is well documented. I was speaking from my authoritative armchair - which enables me to assert anything! But, au contraire, their battery in South Australia, for instance, has been a spectacular success exceeding even Tesla's estimate of performance. recent story on Tesla quality <–– so sure, issues, but their product is pretty impressive fro a startup auto manufacturer.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Aug 20, 2020 15:33:15 GMT -8
I did so with a fair degree of confidence that; eventually people would eventually realise that Apple made insanely great products, that Apple would command a premium for for that quality and that they would eventually sell sufficient volume to achieve an escape velocity to forever leave the planet Beleaguered. I'd have to say through, that I have maintained (from my comfy armchair, of course) that a fair valuation for apple was/is x24 PE. But sure bring on $250 in a year or so. It's all just cream on top now. I love that finally, over the last few years, I sometimes have trouble remembering the Beleaguered tag that so many articles enjoyed throwing at Apple. Given the multiple contraction that occurred, I do sometimes have trouble with the current multiple, even on a forward basis instead of the posted TTM. While I feel uneasy, that's the risk/reward one has to decide, while putting it in terms of current events and the multiples of competition and comparables. TSLA makes AAPL look cheap. In the end, not much is set in stone. I forget the term Gregg liked to throw about, but basically it's a popularity contest that's all relative. So yeah, this is all cream. Or froth. It's hard to know until in retrospect, but until then it is "the good stuff". Enjoy it!
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mark
fire starter
Posts: 1,552
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Post by mark on Aug 20, 2020 16:50:14 GMT -8
I did so with a fair degree of confidence that; eventually people would eventually realise that Apple made insanely great products, that Apple would command a premium for for that quality and that they would eventually sell sufficient volume to achieve an escape velocity to forever leave the planet Beleaguered. I'd have to say through, that I have maintained (from my comfy armchair, of course) that a fair valuation for apple was/is x24 PE. But sure bring on $250 in a year or so. It's all just cream on top now. I love that finally, over the last few years, I sometimes have trouble remembering the Beleaguered tag that so many articles enjoyed throwing at Apple. Given the multiple contraction that occurred, I do sometimes have trouble with the current multiple, even on a forward basis instead of the posted TTM. While I feel uneasy, that's the risk/reward one has to decide, while putting it in terms of current events and the multiples of competition and comparables. TSLA makes AAPL look cheap. In the end, not much is set in stone. I forget the term Gregg liked to throw about, but basically it's a popularity contest that's all relative. So yeah, this is all cream. Or froth. It's hard to know until in retrospect, but until then it is "the good stuff". Enjoy it! A few years ago, when Gregg was still here (or maybe it was on another board), we had a long discussion about when to sell .. specifically at what P/E (he always called it something else, but I can't recall now). So what do y'all think, is there a P/E at which it is prudent to sell ... at least some? Someone created all sorts of charts and graphs showing how Apple would sink to some medium, and sometimes a low P/E, and then recover slowly (or quickly) to a higher P/E, and then exceed some high level of P/E ... at which point they asserted was time to sell, and prepare to buy it back once it sinks to a medium or low P/E again. Anyone else recall that discussion?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 20, 2020 16:53:18 GMT -8
I still have my TSLA, cost basis $780; but I made more today in AAPL than I have with TSLA the whole time. I know AAPL and tech in general are getting frothy, and yes there will be a retrace at some point. But new highs are always good benchmarks for later comebacks. In the mean time, try to enjoy and be thankful and resist feelings of anxiety and suspicion. Life is short, enjoy the vindication for years of steely conviction. Regarding Apple's P/E, I'll paraphrase the great Thomas Sowell: "Compared to what?"
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Post by longsince98 on Aug 20, 2020 16:56:19 GMT -8
I love that finally, over the last few years, I sometimes have trouble remembering the Beleaguered tag that so many articles enjoyed throwing at Apple. So yeah, this is all cream. Or froth. It's hard to know until in retrospect, but until then it is "the good stuff". Enjoy it! A few years ago, when Gregg was still here (or maybe it was on another board), we had a long discussion about when to sell .. specifically at what P/E (he always called it something else, but I can't recall now). So what do y'all think, is there a P/E at which it is prudent to sell ... at least some? Someone created all sorts of charts and graphs showing how Apple would sink to some medium, and sometimes a low P/E, and then recover slowly (or quickly) to a higher P/E, and then exceed some high level of P/E ... at which point they asserted was time to sell, and prepare to buy it back once it sinks to a medium or low P/E again. Anyone else recall that discussion? I think that was based on the RSI
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Aug 20, 2020 20:00:58 GMT -8
I love that finally, over the last few years, I sometimes have trouble remembering the Beleaguered tag that so many articles enjoyed throwing at Apple. Given the multiple contraction that occurred, I do sometimes have trouble with the current multiple, even on a forward basis instead of the posted TTM. While I feel uneasy, that's the risk/reward one has to decide, while putting it in terms of current events and the multiples of competition and comparables. TSLA makes AAPL look cheap. In the end, not much is set in stone. I forget the term Gregg liked to throw about, but basically it's a popularity contest that's all relative. So yeah, this is all cream. Or froth. It's hard to know until in retrospect, but until then it is "the good stuff". Enjoy it! A few years ago, when Gregg was still here (or maybe it was on another board), we had a long discussion about when to sell .. specifically at what P/E (he always called it something else, but I can't recall now). So what do y'all think, is there a P/E at which it is prudent to sell ... at least some? Someone created all sorts of charts and graphs showing how Apple would sink to some medium, and sometimes a low P/E, and then recover slowly (or quickly) to a higher P/E, and then exceed some high level of P/E ... at which point they asserted was time to sell, and prepare to buy it back once it sinks to a medium or low P/E again. Anyone else recall that discussion? Yea, it's happened a bunch. Basically the P/E was stuck in a range, though that range inched up. Like a cyclical, or a sine wave at a slight angle. But that's ok. This time is different (Gregg called it ISM, Investor Sentiment Multiple, at least one theAAPLInvestor. I thought Blue Herring had a name for it too, but it did come up that by being based on investors rather than just the figures in it's ratio, it really depended on how people felt about the company and the whole market. Likewise we had a guy on the Retire Early board on TMF who got too worked up over high multiples of the whole market, and went to cash or the like. This would have been in 2002 give or take, one of those recovery times where bigger earnings aren't in yet but share prices are pushing higher based on future expectations, thus making high P/E's. Things can scare you. But if you only many small adjustments based on those, while you might not beat by huge amounts, you also don't make huge mistakes like going to cash at nearly the exact wrong time)
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