Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Aug 24, 2020 2:10:44 GMT -8
Good morning. When I checked the pre-market I was anticipating a little green but not expecting to see +$9.99. This may be one of those days that will always be remembered. Enjoy the ride. Apple Stock's Next Stop: $600?
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 24, 2020 2:17:36 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 24, 2020 2:27:17 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 24, 2020 2:39:53 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 24, 2020 2:42:51 GMT -8
Update: At 6:41 am the pre-market price was +$10.62.
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Post by artman1033 on Aug 24, 2020 2:43:58 GMT -8
AAPL ALL TIME HIGH!$515.14All Time Highest TODAY intraday 81,892,259
shares traded today +$2.154 TRILLION
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Post by tonitheboz on Aug 24, 2020 4:02:36 GMT -8
I’m so miserable I sold all my shares at the end of March after 10 yrs I get a good gain , from 32 to 255 . I suppose to get in little bit lower , but... but the incredible is come 260$ of run up in just 4 ,5 month’s UNBELIEVABLE I waited for this run up for more than 10 yrs and it happen when I left .. so sad I will get back in but I’m not sure at 500+ level , what do you think guys could be a good entry point ( is there a gap up from 380-420 to be filled ) Hoping to get back to the family Antonio
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 24, 2020 5:06:50 GMT -8
I’m so miserable I sold all my shares at the end of March after 10 yrs I get a good gain , from 32 to 255 . I suppose to get in little bit lower , but... but the incredible is come 260$ of run up in just 4 ,5 month’s UNBELIEVABLE I waited for this run up for more than 10 yrs and it happen when I left .. so sad I will get back in but I’m not sure at 500+ level , what do you think guys could be a good entry point ( is there a gap up from 380-420 to be filled ) Hoping to get back to the family Antonio I feel your pain. I’ve been there and done that myself and I’m not sure which is most painful. Being in the stock when it’s dropping like a rock or being out of the stock when it seems unstoppable. It’s price will correct at some point, maybe 10%, but the unknown is at what price it will correct from. If I knew the future I would gladly tell you but unfortunately none of us do. The dice are in your hands, only you can roll them. Sorry.
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Aug 24, 2020 5:11:39 GMT -8
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chinacat
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AAPL Long since 2006
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Post by chinacat on Aug 24, 2020 5:43:45 GMT -8
Probably too expensive for most school systems, but perhaps Tim can offer a special one time discount to get at least some of them on board.
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chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 24, 2020 5:50:13 GMT -8
What does it say that breaking (smashing!) $500 elicits almost no jubilation from this group? a) We’ve all become a bit blasé and/or shell-shocked b) The post-split action will quickly make this unremarkable Choose any two 52 week low: $203.32
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Post by artman1033 on Aug 24, 2020 6:06:51 GMT -8
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Post by hyci004 on Aug 24, 2020 7:05:51 GMT -8
Probably too expensive for most school systems, but perhaps Tim can offer a special one time discount to get at least some of them on board. MacBook Air and 13” MBP are selling well for the back to school season. Ship time is still 2+ weeks out.
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JDSoCal
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Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Aug 24, 2020 7:34:27 GMT -8
OK I'm excited by AAPL's gain, but I can't think of two companies less deserving of their market cap than these two! Kind of scares me to talk about AAPL's value in the same sentence.
Let's get back to that high of the day so Artman can post two greenies.
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chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 24, 2020 8:10:43 GMT -8
Any opinions about what happens to AAPL next Monday?
. All of the buyers who fueled this rally are happy and broke . Buyers who have been waiting to buy AAPL “cheap” rush in . Short termers are thrilled to take the gains of this month and sell . Investment firms who have been relatively short begin to cover themselves at cheap prices
Should definitely be an inflection point, one way or the other.
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4aapl
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Post by 4aapl on Aug 24, 2020 8:30:35 GMT -8
Probably too expensive for most school systems, but perhaps Tim can offer a special one time discount to get at least some of them on board. While our kids are in a "learning pod" (12 1st-8th kids, with a tutor/teacher though technically homeschooling), even the local elementary schools where some kids are in person all the time, are to be in front of laptops all day long to minimize touching (ie papers), and allow for dispersion between a range of rooms. iPads seem like a great choice for elementary school kids, and possibly middle school. They are a little more robust, a whole lot cheaper, and can be paired with a case and keyboard for cheap. They can do most things, but the small screen limits any real multitasking or multiple windows at the same time. Like I mentioned before, big school laptop purchases are delayed. Back a week into August, ours said their order of 60k units was to deliver at the start of October I believe. This is the time that Apple could push on advertising for quality and longevity over low price. But, school districts suddenly ordering tons of them might not be the most receptive. It would be great if they could be, but it seems unlikely. FWIW, the $349 Costco special 14" PC laptop does pretty good against the $1199 MacBook Air. The PC even has upgradable memory, though my wife points out that the keyboard feels cheap. That's because it is. Yet sometimes the Kia makes sense instead of a Lexus.
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4aapl
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Post by 4aapl on Aug 24, 2020 9:10:51 GMT -8
I’m so miserable I sold all my shares at the end of March after 10 yrs I get a good gain , from 32 to 255 . I suppose to get in little bit lower , but... but the incredible is come 260$ of run up in just 4 ,5 month’s UNBELIEVABLE I waited for this run up for more than 10 yrs and it happen when I left .. so sad I will get back in but I’m not sure at 500+ level , what do you think guys could be a good entry point ( is there a gap up from 380-420 to be filled ) Hoping to get back to the family Antonio One option is to split up purchases. If you really want back in to AAPL, buy some percentage now, and set levels that you would buy more. We'd all love to buy tons at the bottom and sell at least a little at the top, all while being continually amazed at new ATHs. But, it doesn't normally work out that way. To me the next 2-4 weeks seems likely to be strong, but there are no guarantees, especially as everyone moves the pre-iPhone timeframe forward while trying to beat others to the punch. I don't know if there will be a retracement at some point to below the current levels. But what do you think? If you think AAPL will outperform other investment choices, pick up some. This level seems high, but mostly just in relation to where the stock has been rather than where it seems like it should be in comparison to its peers. This time is different? Long term changes take a long time. Maybe Apple has proven itself to those that used to severely discount it? Like looking at past 30 year timeframes in retirement calculations, past performance sometimes gets you in the right ballpark, but it doesn't show you what the future will yield. We're all guessing here, though comparing the strength of the the company (leadership, focus, employees, momentum, etc) to others could give an idea of how the company will compare to others. Things change over time, but a good lead-out gets things moving.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 24, 2020 9:25:48 GMT -8
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 24, 2020 9:31:10 GMT -8
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Post by archibaldtuttle on Aug 24, 2020 9:40:48 GMT -8
HAHA that is quite a range. CYA.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Aug 24, 2020 9:55:23 GMT -8
BTW today is Tim Cook's 9th anniversary as CEO. I reluctantly post this AP article, which retreads a lot of BS, but here goes:
Thanks for making a lot of people rich, Tim.
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chinacat
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AAPL Long since 2006
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Post by chinacat on Aug 24, 2020 11:30:40 GMT -8
BTW today is Tim Cook's 9th anniversary as CEO. I reluctantly post this AP article, which retreads a lot of BS, but here goes: ... Thanks for making a lot of people rich, Tim. I can see why you were reluctant, JD. I am sure that most AFB’ers have much more positive view of Tim’s stewardship. Many folks and pundits had a much less hopeful vision of Apple’s future after Steve’s demise, never mind the incredible gains in AAPL.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Aug 24, 2020 12:21:53 GMT -8
If my math is correct, which is always a leap, we are up 815% since 8/24/2011. (Yahoo Finance link is messed up, but you can enter the time range there). 📈
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Post by artman1033 on Aug 24, 2020 12:23:04 GMT -8
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Post by CdnPhoto on Aug 24, 2020 12:32:05 GMT -8
If my math is correct, which is always a leap, we are up 815% since 8/24/2020. (Yahoo Finance link is messed up, but you can enter the time range there). 📈 Guessing you mean 08/24/2011 (the day Steve stepped down and Tim took over), then yes Looks like 815% gain. Where are all the Fire Tim Cook people now?
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4aapl
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Post by 4aapl on Aug 24, 2020 12:35:42 GMT -8
Finally reading this after the day ends, the crazy thing to me is that while the takeaway quote is "raising the AAPL target to $520", the probability graph shown only gives a 30.8% probability to the stock being at $520 or above 12 months from now. Now, that's based on $473. These fast moving upward days are hard to keep up with, as PED likes to point out. But even from there, only a 30.8% chance of something that implied a 10% annual gain? And now, from today's close, something like a 3-3.5% gain? There's a lot of "covering my ass" stuff going on here, but that's not much of a rosy picture. And that's supposed to be the Street-high prediction! My guess at the middle of the pack is that AAPL will find a range around here or a bit more, sit at it for a while as investors and analysts digest this level, Apple comes out with great new products that people continue to want, Apple gives slightly above estimate results, and analysts then raise their targets. That is the middle 20-40% probability in my mind, based on the current and the past. It may or may not happen, and I am covering my ass too. But, $520 isn't putting much skin in the game, and a 30.8% probability of that level isn't putting very good odds on it. It's tough to adapt to this new range, and know if it will stick. But if going for the Street-high levels, go big. Even not going big, I give a 40+% probability on 15% annualized returns for the next 2 years. Aiming for Sept expirations, and using today's $503 level, that's roughly $585 for Sept '21, and $675 for Sept '22. It's a wild-ass guess, but the one I am going for, while if I write covered calls I will be placing them even higher.
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Post by PikesPique on Aug 24, 2020 12:40:53 GMT -8
I’m so miserable I sold all my shares at the end of March after 10 yrs I get a good gain , from 32 to 255 . I suppose to get in little bit lower , but... but the incredible is come 260$ of run up in just 4 ,5 month’s UNBELIEVABLE I waited for this run up for more than 10 yrs and it happen when I left .. so sad I will get back in but I’m not sure at 500+ level , what do you think guys could be a good entry point ( is there a gap up from 380-420 to be filled ) Hoping to get back to the family Antonio If you still have some of that cash from your premature sale laying around, you could sell cash secured puts at strike prices at which you'd be willing to pay. If you get put the shares, you get them at a slight discount (the premium you were paid). If you don't get put the shares, pocket the premium and sell puts again.
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chinacat
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AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Aug 24, 2020 12:54:16 GMT -8
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Post by zebrum on Aug 24, 2020 13:17:13 GMT -8
And Apple Silicon isn't even out yet! Having the most powerful processors in the world should add another 300B easy.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,098
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Post by Dave on Aug 24, 2020 14:36:18 GMT -8
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