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Post by aaplsauce on Sept 6, 2021 21:49:25 GMT -8
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Post by artman1033 on Sept 7, 2021 6:30:05 GMT -8
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Sept 7, 2021 6:30:27 GMT -8
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benoir
fire starter
*
Posts: 1,318
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Post by benoir on Sept 7, 2021 6:35:50 GMT -8
We finally hit $155. This is where I thought AAPL might spike too after the stellar January earnings. 8 months later and 2 further record earnings….
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Sept 7, 2021 6:52:25 GMT -8
You should be able to delete your own post, if you accidentally double post or whatever. Instead of editing it, when in the main list view under the settings/gear icon for the post select "delete post". It's not a big deal, but there's no reason to leave it around if it's just a duplicate or unneeded post.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Sept 7, 2021 9:48:13 GMT -8
You should be able to delete your own post, if you accidentally double post or whatever. Instead of editing it, when in the main list view under the settings/gear icon for the post select "delete post". It's not a big deal, but there's no reason to leave it around if it's just a duplicate or unneeded post. FOR THE RECORD: I deleted his post. Can YOU delete THIS post? Be my guest. I went to "moderate" and selected DELETE POST. Do it if you can...... Yep, moderators can moderate, including deleting posts. But people can also delete their own posts. There was a double or opps post that someone edited last week. No biggie...just reminding everyone that they can do it themselves.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Sept 7, 2021 10:15:49 GMT -8
This morning on the stock app I saw that El Salvador began accepting bitcoin as an official currency. Looks like they are doing it to lower transaction costs, and that the US Dollar is the other official currency: finance.yahoo.com/news/el-salvador-leads-world-cryptocurrency-051112657.htmlAfter a problem, and then updating an app, they are blaming Apple, Google, and Hauwei for a delay in getting the updated app available. It's an interesting quick read, in the bit of chaos they have, similar to what I see with some of the tiny stocks like LODE, where it's just a whole different adventure from a small, mid, or large cap stock. FWIW, "The Deficit Myth" was an interesting read that pointed out the power that most large countries have that manage their own currency. Basically, it talks about Modern Monetary Theory, and how Federal deficits really aren't an issue, as long as inflation is kept in check. They can print money and control interest rates, but it really all comes back to inflation, where they want a little bit of inflation to keep everything working together. But smaller countries that don't use their own currency don't have that power, whether that's the likes of El Salvador using the dollar (and now bitcoin too), or a country like Greece sharing the Euro. Countries can still get into trouble if they issue their own currency, like Mexico (in the 80's?) and more recently Argentina (I believe) when inflation went out of control. But if kept in check, especially with overall population and economic growth, it's a strong power that can be utilized. Not the most exciting book and it started to repeat itself, but an interesting concept with a different view than most have (Fisher talked about how moderate deficits didn't matter, but didn't go to this depth), and more of a page turner than my current read of "Capital Allocators" (I'm hoping the second half is more interesting to me).
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Post by Luckychoices on Sept 7, 2021 10:21:48 GMT -8
Like the rest of the members on AFB, I'm pleased to see AAPL doing well today. But can someone please enlighten me on how this is happening on a day that, at this time, the Dow was down almost 200...and also, even thought I'm quite happy to see AAPL up 1.54%, that really doesn't compare to NFLX, up 3.25%...or with TSLA, up 2.59%. Bueller? Bueller? Anyone? NOTE: Yes, I saw that NFLX jumped because Atlantic Equities, the highest among major Wall Street analysts, hiked the price target to $780 from $690, saying it expects Netflix to have 311 million subscribers in 2025, compared to 209 million at the end of the second quarter...but since when have analysts been all that accurate? Let's go with Mitch Steves, RBC Capital...AAPL price target: $171
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Post by duckpins on Sept 7, 2021 10:50:10 GMT -8
Apple is approaching overbought status on the 7 & 14 say RSI charts. If you are buying stock and selling the weekly calls on margin the time of this fun adventure may be nearing a plateau. Of course that is fine it is only if the plateau becomes a valley that problems may arise.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Sept 7, 2021 12:29:46 GMT -8
Like the rest of the members on AFB, I'm pleased to see AAPL doing well today. But can someone please enlighten me on how this is happening on a day that, at this time, the Dow was down almost 200 We're in the countdown to an iPhone release, so any day that doesn't come out with an expected huge downfall in consumer spending or a delay in iPhones is a good day. But then there's the speculation that the iPhone announcement is only a week away: finance.yahoo.com/video/apple-expected-launch-iphone-13-200851645.htmlLike a roller coaster, there are ups and downs. This is a "It's going up!" section.
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Post by Luckychoices on Sept 7, 2021 13:30:18 GMT -8
Like the rest of the members on AFB, I'm pleased to see AAPL doing well today. But can someone please enlighten me on how this is happening on a day that, at this time, the Dow was down almost 200 We're in the countdown to an iPhone release, so any day that doesn't come out with an expected huge downfall in consumer spending or a delay in iPhones is a good day.But then there's the speculation that the iPhone announcement is only a week away: finance.yahoo.com/video/apple-expected-launch-iphone-13-200851645.htmlLike a roller coaster, there are ups and downs. This is a "It's going up!" section.Yes. I get the iPhone release...and no huge downfall in consumer spending...and no iPhone delay. What I'm saying is, that if someone showed you these market close charts: Would you guess that AAPL, and other tech stocks, had experienced a good day? Because I wouldn't. But then again, I admit to knowing bupkis about the workings of the stock market and what makes it move up or down on any given day, given no major nationwide or worldwide news.
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Post by artman1033 on Sept 7, 2021 13:49:06 GMT -8
AAPL ALL TIME HIGH!$157.26All Time Highest TODAY intraday 80,079,257 shares traded today
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Sept 7, 2021 14:11:00 GMT -8
We're in the countdown to an iPhone release, so any day that doesn't come out with an expected huge downfall in consumer spending or a delay in iPhones is a good day.But then there's the speculation that the iPhone announcement is only a week away: finance.yahoo.com/video/apple-expected-launch-iphone-13-200851645.htmlLike a roller coaster, there are ups and downs. This is a "It's going up!" section. Yes. I get the iPhone release...and no huge downfall in consumer spending...and no iPhone delay. What I'm saying is, that if someone showed you these market close charts: View AttachmentWould you guess that AAPL, and other tech stocks, had experienced a good day? Because I wouldn't. But then again, I admit to knowing butkus about the workings of the stock market and what makes it move up or down on any given day, given no major nationwide or worldwide news. Like JD implied in his supermodel example, sometimes you just have to enjoy the ride. Too often in the past I worried about what caused a specific up or down movement. But it gets complex fast, with the same stimulus (for instance, interest rates) sometimes supposedly making the market go up, and other times down. Today, some tech companies (like GOOG and AMZN) went up a little, some went down a little (MSFT), some went up a bit more (TSLA, but HMC and TM went up some too), and an occasional one went up a lot (NFLX, always hard to categorize, but it had an estimate increase). Other industries, like oil processing, went down a little, possibly on Ida, and related things like a fertilizer plant saying it couldn't meet orders. I guess it wasn't just a pre-market rumor. Apple announced the 14th for it's announcement: finance.yahoo.com/entertainment/apple-announces-iphone-13-event-160716373.htmlGiven all of that, I'd still expect AAPL to go up a little, making it through a 3 day weekend without negative news coming in, plus the likelihood of the iPhone announcement being soon getting some press. But it helps that spenders are still spending. We stopped by a car dealership in Roseville that was putting a $15k markup on a $35k minivan. Granted this was the only '21 Sienna they had, and they are somewhat hard to find, but they didn't have the AWD version we would need and didn't have any coming in, so I didn't get a chance to explain to him that that was insane. Instead, a look over at cargurus.com showed me that there were 20 within 500 miles, and some places were even willing to list prices $500-$2500 below MSRP. Road trip! Or a quick flight. Likewise, at the mall it wasn't empty by any means. Sur la Table was giving out expresso samples from one of their fancy machines, and the people before me asked to buy one. $3k! Sure, there were models down to $800 that did the same thing, maybe without a touch screen, or as many personalized settings, but who wants that. "Sara's drink". It's nice to see the spenders spending, and the upsales occurring. 2 quick anecdotes don't make for a trend, but it does give a little positive data. But maybe I am just getting complacent, not really phased by a 1.55% gain, instead only getting giddy with a 4% gain. They all add up, but there's just been so much slow and infrequent positive moves, instead often backing down just as much as it just stepped up the day before, that I just see today as part of the small uptrend that I expect this time of the year, while the market overall was mixed to just a tiny bit down. It might not be what we expected for AAPL today, but I'll take it, knowing that it might not be what we expect tomorrow either.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Sept 7, 2021 16:01:49 GMT -8
FWIW, "The Deficit Myth" was an interesting read that pointed out the power that most large countries have that manage their own currency. Basically, it talks about Modern Monetary Theory, and how Federal deficits really aren't an issue, as long as inflation is kept in check. They can print money and control interest rates, but it really all comes back to inflation, where they want a little bit of inflation to keep everything working together. Good Lord, that's sure one helluva thing to play with (the world reserve currency) if the totally untested and unproven MMT theory is wrong. You can't go back once you've printed all of that money. How exactly do you keep inflation in check? Raise interest rates? We currently borrow money just to pay the interest on the debt. So you raise that debt service even higher and kill GDP growth and lower tax receipts right at the time that the county needs more money. What if I told you that Apple was just going to print dramatically more shares to pay for all of its future compensation of all employees and supply chain needs? Would that make the stock more attractive to you? That's how Japan and China and the rest of the world might start to think about U$D as the reserve currency and T-bills?
I would say that any idea that has no limiting principles is probably a disaster waiting to happen.
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Post by nwjade on Sept 7, 2021 16:16:30 GMT -8
We're in the countdown to an iPhone release, so any day that doesn't come out with an expected huge downfall in consumer spending or a delay in iPhones is a good day.But then there's the speculation that the iPhone announcement is only a week away: finance.yahoo.com/video/apple-expected-launch-iphone-13-200851645.htmlLike a roller coaster, there are ups and downs. This is a "It's going up!" section. Yes. I get the iPhone release...and no huge downfall in consumer spending...and no iPhone delay. What I'm saying is, that if someone showed you these market close charts: View AttachmentWould you guess that AAPL, and other tech stocks, had experienced a good day? Because I wouldn't. But then again, I admit to knowing butkus about the workings of the stock market and what makes it move up or down on any given day, given no major nationwide or worldwide news. Another part of it is there's been a rotation of late away from the reopen trade back to the FAANG stocks which have growth, strong balance sheets and are seen as somewhat of a safe haven.
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4aapl
Moderator
Posts: 3,622
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Post by 4aapl on Sept 7, 2021 18:34:08 GMT -8
FWIW, "The Deficit Myth" was an interesting read that pointed out the power that most large countries have that manage their own currency. Basically, it talks about Modern Monetary Theory, and how Federal deficits really aren't an issue, as long as inflation is kept in check. They can print money and control interest rates, but it really all comes back to inflation, where they want a little bit of inflation to keep everything working together. Good Lord, that's sure one helluva thing to play with (the world reserve currency) if the totally untested and unproven MMT theory is wrong. You can't go back once you've printed all of that money. How exactly do you keep inflation in check? Raise interest rates? We currently borrow money just to pay the interest on the debt. So you raise that debt service even higher and kill GDP growth and lower tax receipts right at the time that the county needs more money. What if I told you that Apple was just going to print dramatically more shares to pay for all of its future compensation of all employees and supply chain needs? Would that make the stock more attractive to you? That's how Japan and China and the rest of the world might start to think about U$D as the reserve currency and T-bills?
I would say that any idea that has no limiting principles is probably a disaster waiting to happen.
Yep, just like anything there are problems at the extremes, at the edge cases, and multiple ways to screw things up. OTOH, the default "gold standard" or silver (certificates) had plenty of issues too. Apple is somewhat the opposite case, previously like most companies continuing to print more shares, whether for general employee benefit, C suite compensation, or to buy companies. They did this for decades, including when most of us bought our first shares. In moderation, it works. But go to the extremes, and you get the equivalent of inflation, that your shares are worth less and so you can't buy as many goods in the outside world. Apple today is different, instead taking excess cash, and buying back shares, which they retire. Ideally the market cap doesn't change due to this, instead making remaining shares worth more. Money itself has a strange balance. It's easy if on an island with a constant number of people and no money (or goods or services) in and out. But you start changing the equation when you have other countries saving our currency, or using it as their currency. Throw in some goods and services that we want, and pay for. And then population change...we can't very well stay with the set amount of currency if our population increases. The easy way to balance that currency is to spend it, even if the accounting side of things doesn't balance. Read the book. It might not change your mind. But it does open your mind to understanding that Federal finance is much different than household (or state) finance, and the way things have been run for decades even if many areas of government don't really think of it that way. Good to hear from you JD.
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