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Post by aaplsauce on Jul 15, 2021 22:53:53 GMT -8
Friday Greetings AAPL Investors: Apple Investor News, "always updating news stream”. The last 5 record setting trading days have been enjoyable, up +5.24 (+3.66%). Will be interesting to see if AAPL can get above $150 today. If not today, perhaps later this month. Apple’s conference call to discuss third fiscal quarter results is scheduled for Tuesday, July 27, 2021 at 2:00 p.m. PT / 5:00 p.m. ET.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Jul 16, 2021 7:15:53 GMT -8
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Post by aaplsauce on Jul 16, 2021 10:02:28 GMT -8
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Jul 16, 2021 10:06:04 GMT -8
That was a nice march up from 125. Let's rest here for a little before climbing toward 175. It will take a little longer for inflation, virus, and political fears to subside, but the upward pressure of 5G, stability, and the re-emergence of the middle class all bode well. I sense a stock split on the horizon. Apple seems to like the stock to be in the 50's so it can be bought in lots of 100 by the average investor. The 7-1 split brought it back to close to that although it moved quite a bit from the announcement until the actual split. Assuming that 50-75 is a desirable target. They have usually split 2-1 ( once 4-1, once 7-1) If the past is prologue, we should be getting into the territory where they are thinking about it. File this post under wishful thinking, but who knows? Duckpins, bring me back to reality please.
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Post by archibaldtuttle on Jul 16, 2021 10:43:39 GMT -8
They’ve never had a second split within 5 years of the most recent one. So I’d say another split in the next year or two is very unlikely.
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Post by duckpins on Jul 16, 2021 11:29:48 GMT -8
That was a nice march up from 125. Let's rest here for a little before climbing toward 175. It will take a little longer for inflation, virus, and political fears to subside, but the upward pressure of 5G, stability, and the re-emergence of the middle class all bode well. I sense a stock split on the horizon. Apple seems to like the stock to be in the 50's so it can be bought in lots of 100 by the average investor. The 7-1 split brought it back to close to that although it moved quite a bit from the announcement until the actual split. Assuming that 50-75 is a desirable target. They have usually split 2-1 ( once 4-1, once 7-1) If the past is prologue, we should be getting into the territory where they are thinking about it. File this post under wishful thinking, but who knows? Duckpins, bring me back to reality please. According to some of the sages, we are in a mid summer down turn. This is based on various divergences and the history of downturn in the fist term of a new big chief. Being over bought with lots of worries usually means a pull back. Pull backs in a uptrend are when one can buy so... China looks like trying to form bottom or base for the next move. Noteworthy they moved a lot of the Crypto kings out because of energy concerns. Of course there are places which welcome them. I would not be surprised if the oil rich see crypto as a big hedge against the wind and the sun. Earnings will be here soon and that should determine whether we move up again or not. Like the idea of Apple tv going for the NFL. That would be a big win.
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Post by duckpins on Jul 16, 2021 11:45:35 GMT -8
Does anyone know why Adobe is so beloved by the market? These punks would not exist but for Apple. The subscription model for software is really a bad thing for people. but it made them microsoft?
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4aapl
Moderator
Posts: 3,629
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Post by 4aapl on Jul 16, 2021 12:13:17 GMT -8
Slow news day, and a pull back a bit today. It was bound to happen, sometime. Nice to see AAPL moving up a bit over the last week, making a good base on higher volume, hopefully to use as a stepping stone to higher values in the future.
For those that choose to use margin, whether as a mortgage substitute or something else, talk to your broker. Especially if they call you once in a while to check up on you, see if they can give you a little better rate.
I stopped on by our local branch to deposit some cashiers checks since a foreclosure auction didn't pan out, and chatted with my guy there a bit. He said my borrowing rate was pretty amazing, currently 1.35%, but he knew of at least one person doing a little better. I mentioned that IB does have rates that are a little better, and that my HELOC is advertising 0.9% for the first 12 months.
He got back to me the next day, and my new rate is now 1.20%. Of course that is tied to the Fed rate, so likely not the best choice if you want a 30 year fixed mortgage. But depending on the timeframes and amounts, it's pretty amazing, especially compared to the default margin rates most places use.
If borrowing a lot, or just wanting that flexibility if something comes up, now is a great time to ping your broker and see what they can do for you.
(as always, I don't recommend margin to most people, especially not in sizable amounts as a percentage to your portfolio. If using it, do so at a level where you won't be forced to sell at a bad time. Margin calls when near a low are not a good thing. OTOH, there are times where it can be a helpful tool, whether for making additional stock investments when things are down, or for flexibility on getting a large sum of cash in a short period of time. Sometimes that can be useful, especially when an advantageous situation presents itself.)
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