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Post by archibaldtuttle on May 11, 2021 4:20:12 GMT -8
AAPL is down 2.65% in premarket to 123.50. Gotta hand one thing to AAPL... when it moves it really moves fast. 122-ish would be a great area for it to find a bounce, if the pivot line from the last year is to remain intact (blue line)... If it keeps going down to 120 and below, the stock could be in major trouble. Good morning!
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,101
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Post by Dave on May 11, 2021 5:50:38 GMT -8
Thanks archibaldtuttle for the update and for starting today’s thread. The market is living in a state of fear right now, lacking a sense of direction, so anytime is possible. I’m hoping for that bounce.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on May 11, 2021 6:23:53 GMT -8
Thanks Archibald Tuttle for the update and for starting today’s thread. The market is living in a state of fear right now, lacking a sense of direction, so anytime is possible. I’m hoping for that bounce. What exactly are we supposed to be afraid of right now? We are emerging from the Pandemic in the U.S, Apple has a great product line-up that continues to evolve, the 5G promised land is upon us, Apple Car is just around the corner and Apple has so much cash it is being called a problem. The last two blow-out quarters leave only the dreaded "tough-compare" like a dark cloud on the horizon. I don't get it, but I think we have seen this movie before. The current assault on the app store by EPIC and Congress may be creating fear, uncertainty, and doubt, but can that really explain the problem? I feel like the past two quarters should have bumped Apple up 10 points each. We should be sitting at 150 or so. But it is what it is. Years ago, I believe I mentioned the "sugar cookie" phenomena. I may be suffering from it now. It relates to an ancient and proven way to get rid of tapeworms. The method requires a dozen hard-boiled eggs, a package of sugar cookies, and a hammer. Each day you bend over and insert a hard-boiled egg, wait 5 minutes, then insert a sugar cookie. On the 12th day, insert the egg and wait. When the tapeworm sticks his head out and says, "Where's my sugar cookie?" you hit it with the hammer. Last year was pleasantly addictive. I think we have to be patient now and buy the dip.
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Post by archibaldtuttle on May 11, 2021 6:42:55 GMT -8
As long as we stay above 122 I think this selloff is still controlled and orderly, and should set us up to find some support here. Just my opinion.
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Post by hledgard on May 11, 2021 6:48:57 GMT -8
Lovely post bud !
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on May 11, 2021 7:55:51 GMT -8
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Post by hyci004 on May 11, 2021 8:11:00 GMT -8
Intel’s latest mobile processor Tiger Lake. No comparison to the M1’s performance and battery life. www.theverge.com/2021/5/11/22423545/intel-tiger-lake-h-mobile-processors-11th-gen-laptops“Intel is playing catch-up here, and the Tiger Lake-H chips we’ve gotten to try so far haven’t been astonishing. The lightweight Vaio Z, powered by the quad-core Core i7-11375H, yielded great results on single-core benchmarks but couldn’t hold a candle to Apple’s M1 Macbook Pro in multi-core tasks. On the gaming front, we’ve also tested MSI’s Stealth 15M and Acer’s Predator Triton 300 SE (both powered by the 11375H as well). The Stealth didn’t quite achieve the frame rates we’d expect from a laptop of its price (and couldn’t take full advantage of its QHD screen), and the Predator had disappointing battery life.”
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,101
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Post by Dave on May 11, 2021 13:57:17 GMT -8
Thanks Archibald Tuttle for the update and for starting today’s thread. The market is living in a state of fear right now, lacking a sense of direction, so anytime is possible. I’m hoping for that bounce. What exactly are we supposed to be afraid of right now? We are emerging from the Pandemic in the U.S, Apple has a great product line-up that continues to evolve, the 5G promised land is upon us, Apple Car is just around the corner and Apple has so much cash it is being called a problem. The last two blow-out quarters leave only the dreaded "tough-compare" like a dark cloud on the horizon. I don't get it, but I think we have seen this movie before. The current assault on the app store by EPIC and Congress may be creating fear, uncertainty, and doubt, but can that really explain the problem? I feel like the past two quarters should have bumped Apple up 10 points each. We should be sitting at 150 or so. But it is what it is. Years ago, I believe I mentioned the "sugar cookie" phenomena. I may be suffering from it now. It relates to an ancient and proven way to get rid of tapeworms. The method requires a dozen hard-boiled eggs, a package of sugar cookies, and a hammer. Each day you bend over and insert a hard-boiled egg, wait 5 minutes, then insert a sugar cookie. On the 12th day, insert the egg and wait. When the tapeworm sticks his head out and says, "Where's my sugar cookie?" you hit it with the hammer. Last year was pleasantly addictive. I think we have to be patient now and buy the dip. Bud, the fear of uncertainty about the cost of investing and enjoying your gains. The profits that you may have planned to take in the future should be taken today because it will hurt less if taken today. Many people are selling today from fear of what tomorrow may be like. The fear of a capital gains tax increase. Mr. Market likes sugar cookies, but not with that flavor of icing.
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Post by Luckychoices on May 11, 2021 15:46:00 GMT -8
Thanks Archibald Tuttle for the update and for starting today’s thread. The market is living in a state of fear right now, lacking a sense of direction, so anytime is possible. I’m hoping for that bounce. What exactly are we supposed to be afraid of right now? We are emerging from the Pandemic in the U.S, Apple has a great product line-up that continues to evolve, the 5G promised land is upon us, Apple Car is just around the corner and Apple has so much cash it is being called a problem. The last two blow-out quarters leave only the dreaded "tough-compare" like a dark cloud on the horizon. I don't get it, but I think we have seen this movie before. The current assault on the app store by EPIC and Congress may be creating fear, uncertainty, and doubt, but can that really explain the problem? I feel like the past two quarters should have bumped Apple up 10 points each. We should be sitting at 150 or so. But it is what it is. At the risk of causing you to re-examine your thinking on the issue, I completely agree with you. 😊 As you pointed out, Apple has so many positives right now that it's impossible for me to take the markets' lack of enthusiasm for AAPL seriously. For those AFB members that have held AAPL for very long at all, the financial returns have been far beyond what we may have hoped for when we originally invested. As a person several *many* years past reaching the RMD age requirement, I don't have the luxury of when I'm required to sell shares from my IRA's to meet my yearly RMD. Regardless of what happens with future tax rates, my RMD for 2021 is almost twice the RMD for 2020 and almost 8 times my RMD from 2013. And yet...my wife and I are enjoying our gains. If individuals are selling AAPL because they now "fear a capital gains tax increase", I have to wonder how they would have been able to commit to being a long-term investor in the first place. Years ago, I believe I mentioned the "sugar cookie" phenomena. I may be suffering from it now. It relates to an ancient and proven way to get rid of tapeworms. The method requires a dozen hard-boiled eggs, a package of sugar cookies, and a hammer. Each day you bend over and insert a hard-boiled egg, wait 5 minutes, then insert a sugar cookie. On the 12th day, insert the egg and wait. When the tapeworm sticks his head out and says, "Where's my sugar cookie?" you hit it with the hammer. Last year was pleasantly addictive. I think we have to be patient now and buy the dip.Always good advice when it comes to AAPL. And we should also keep in mind...*we* can hold AAPL longer than the market can remain irrational. 😎
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