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Post by aaplsauce on Sept 19, 2021 22:05:30 GMT -8
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Post by ericinaustin on Sept 20, 2021 5:40:34 GMT -8
Starting to lift up the couch cushions and vacuuming the floor looking for extra cash I think this is a great buying opportunity coming up. I’m always amazed when supposed professional investors start dumping companies with this kind of rocksolid bullet proof financial situation because the rest of the market is tanking. I keep saying I’ve got enough apple stock but I can’t think of better choices right now. I might regret this comment later but it seems like right now is another example of taking candy from kids to buy the stock.
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4aapl
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Post by 4aapl on Sept 20, 2021 5:50:56 GMT -8
Starting to lift up the couch cushions and vacuuming the floor looking for extra cash I think this is a great buying opportunity coming up. I’m always amazed when supposed professional investors start dumping companies with this kind of rocksolid bullet proof financial situation because the rest of the market is tanking. I keep saying I’ve got enough apple stock but I can’t think of better choices right now. I might regret this comment later but it seems like right now is another example of taking candy from kids to buy the stock. I was wondering if there might be a chance to pick up a good sale price this morning. Looking at "covering" my Jan 135's, with some new shares instead of the ones I bought a year to year and a half ago. I picked up a 1/4 of them just now (avg ~144.38), and have an order for another 1/4 a buck lower. A quarter a day keeps the doctor away? This might not be the bottom. The market is in a funk, and that can last a while. For the market, continued low interest rates and delays on changing quantitative easing should continue an overall strong market, while occasional worries help keep the market in check. But with AAPL, judging by iPhone shipment dates and how sales now get put in this Q, it seems like the company will do alright. (EDIT: And like that, I got another quarter, though the movement got me to throw another dime at the price to 143.63. Sometimes buying shares is even easier than buying a new iPhone!)
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bud777
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Post by bud777 on Sept 20, 2021 6:46:11 GMT -8
I picked up another 1000 yesterday and I am thinking about doing it again maybe at 140. I am usually wary about fighting the market, but at some point, rationality wins out. What's going to happen? The Fed stops giving money away, mortgage rates rise above 3% so people stop using cell phones? You can diddle with interest rates, you can create FUD, but in the long run, technology will win out. RSI my ass.
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Post by archibaldtuttle on Sept 20, 2021 6:59:16 GMT -8
Apple’s business is still going gangbusters, but the multiple the market is willing to pay for it could shrink. Maybe AAPL only got to a 30+ PE multiple because of the easy money put into the system by the Fed. Pumped up all stock prices. Tighten that supply and the PE could go down again.
Right now AAPL’s multiple is 28, much higher than it’s been in past years when the business was also going gangbusters. For example, throughout 2017-2018 AAPL’s PE hovered around 17.
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4aapl
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Post by 4aapl on Sept 20, 2021 7:03:48 GMT -8
I kinda like the RSI, as a validation to how I am feeling about AAPL. There's times where your compass is off a little, like one of those magic sections of road where it looks like you're still headed up a little, but actually it's a slight downward slope, so you can stop, put it in neutral, and start rolling "uphill". AAPL's RSI doesn't get down to 35 too often, occasionally sees 30, and very seldomly sees 25. If looking to buy some, 35 is historically pretty good. If holding out for sub-30, it might just not happen, so it's a trade-off on wanting a low price, vs possibly missing the dip. FWIW, the RSI after close on Friday was around 38.5, and now is 35.4 (at $142.73). I checked after my purchases, feeling this was a decent price and caring more about the mid and long term than the short term. This short video on the market today was interesting, pointing out that this is the kind of news that can quickly move a market a little (I'm thinking like a mouse trap, waiting to make a dramatic (but small) snap on anything), and yet he feels the economy and companies are in a decent place right now and so expected this to just be a small blip when looking back from year-end. finance.yahoo.com/video/why-monday-selloff-blip-end-142240275.html
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bud777
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Post by bud777 on Sept 20, 2021 7:59:14 GMT -8
I do think that RSI is a useful indicator. I was trying to say that investor sentiment is noise and that in the longer run, fundamentals and upward pressure from technological innovation will dominate. Of course in the long run we all be dead I admit that I am not all that risk-averse. I am probably not the most rational voice here. There is a part of me that isn't happy unless I am staring into the abyss. Nonetheless, this drop doesn't seem to be that worrisome. Thank you for the video, it was reassuring. Blip seems like the appropriate word of the day.
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4aapl
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Post by 4aapl on Sept 20, 2021 8:26:08 GMT -8
OTOH, Cramer says to be patient, that this is only 2 days into what sometimes lasts 14 days.
Over the past 5-10 years I have tried to spread out purchases, and occasional sales too. This helps relieve any fear of missing the best price, while understanding it's unlikely you'll ever hit the exact peak or valley.
Jim's video might have swayed me enough to hold at 1/4 purchase instead of allowing the second half to go through today. OTOH, AAPL is down just less than 10%, and the S&P and Nasdaq just less than 5% from their recent ATH's. At this point it's more of a long term perspective of where things are headed, while getting a little bit of a discount. At the same time, I'm not picking up a big chunk of those indexes today, but will consider it if they also get close to 10% off in the coming week.
We'll see. There's a big difference between 2 days, 14 days, and the seemingly standard 3 days. Each time may be unique, but there are also a lot of similarities.
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Post by duckpins on Sept 20, 2021 9:59:27 GMT -8
The 100 day MA is in sight right now. Nice gap down. The 2024 calls are worth a look here if you speculate in them. The sky is falling. All the Chinese stocks are down. The QQQ has 98 out 100 down. My own indicator of the cash rich companies shows Mercy Mercy Mercy all the wealthiest companies are down. Last night Bloomberg was railing about Evergrande, a Chinese real estate company, with a 40 cent stock price and 300 billion in debt. Not cash rich. The bankers fear another plague of bad loans tanking the entire market especially the banks that made the loans. Don't know whether or not the Chinese govt. will buy the debt and bail them out but with 140,000 employees that certainly must be a thought.
Apple can fall further on the 7 day and 14 day RSIs. 11 & 28 in March after a great quarter, now 21 & 35. September proves true to history as the worst month for stocks.
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Mav
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Post by Mav on Sept 20, 2021 11:13:08 GMT -8
Oh, market.
SPY's down a little over 5% from the recent (all-time) high, QQQ down 5.5%. Isn't "correction territory" usually considered 10% down?
Lots of us are buy-and-hold veterans here. Really, it's nothing compared to "limit down" last year and other volatility madness.
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Mav
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Post by Mav on Sept 20, 2021 11:21:59 GMT -8
Since the more appropriate thread is pretty much inactive - anyone got iPhone on preorder?
I ordered a 13 Pro.
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4aapl
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Post by 4aapl on Sept 20, 2021 12:00:38 GMT -8
Since the more appropriate thread is pretty much inactive - anyone got iPhone on preorder? I ordered a 13 Pro. But what color??? From Friday's thread, I summarized the preorders stated that day: 6 iPhone orders, 5 in Sierra Blue, one in Graphite. 5 iPhone 13 Pro's, and one iPhone 13 Pro Max. I have to think that we are not a statistical sample for the whole. It would have been great to make my AAPL purchase today at the absolute low, saving a nice chunk of change. But it is what it is, and at nearly 10% off of the recent ATH, it won't matter much once AAPL is pushing the high again. That could be soon, especially if iPhone 13 sales are doing as well as they initially look.
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Mav
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Post by Mav on Sept 20, 2021 12:11:18 GMT -8
Missed the thread, ha.
Add me to the Graphite column. Sierra Blue is an amazing color, but iPhones aren't durable enough for my carelessness, so I get a case for it. Admiring Time™ happens on unboxing and getting it ready for trade-in or something. Though I gotta say, a lot of the aesthetic charm and craftsmanship has been in the camera lenses lately, anyway.
I wonder what I'll notice more when I get my 13 Pro. The added weight, the smaller notch, ProMotion? All of them?
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Post by dc930 on Sept 20, 2021 12:44:45 GMT -8
I wonder what I'll notice more when I get my 13 Pro. The added weight, the smaller notch, ProMotion? All of them? I suspect it will be the weight. At least for me coming from an 11 Pro (no case). As far as I'm concerned the notch is invisible.
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4aapl
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Post by 4aapl on Sept 20, 2021 15:18:01 GMT -8
We've had 3 red iPhones lately. At first we tried to find a matching case, but red it tough to perfectly match, at least at a decent price. I'm a fan of the thinner clear cases, but they tend to yellow over the long time, or separate if the sides are silicone and the back isn't. Still, my case is 2 years old now, and has done all I need it to.
Along with several screens, my wife has gone through several cases on the 8+, though more from trying to find the perfect one than complete failure. The clear one was a little too slick, contributing to more falls. She now has a speck case that's grippy and seems to do well, but is black so doesn't show off the Product Red color. It does it's job, though it is peeling a little. We know the owner or former owner, so we'll have to chat with him about that next time.
We've also had a couple huge multilayer cases in the past, similar to some of the otter box and life proof cases. They protect, but they tend to make the iPhone huge.
It's a trade-off. Maybe this time we should have just added an Apple case to the pre-order. Their ones for the older iPhone SE's did well, while adding a splash of color.
Coming from the 8+, and after using my 11 occasionally for pictures, I think my wife will like the low light photos and the smaller footprint of the 13 pro the most.
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Post by macster on Sept 20, 2021 15:59:14 GMT -8
Another Chinese property developer collapsed this afternoon in Hong Kong (dropping a massive 87%) before it was halted. Shanghai based developer Sinic…racing Evergrande to the bottom.
And another and another…Guangzhou R&F Properties also collapsing…
Continuing the banking crisis in HK AND China. Forget how far fell in 2008 but I remember the sinking feeling well.
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Post by Luckychoices on Sept 20, 2021 16:06:55 GMT -8
It's a very human thing to want to avoid paying a higher price for anything that could be purchased at a lower price. For example, less than a year ago, after my wife and I left the local Target store, she was very excited to tell me that *everything* she bought in the store had been *on sale*...AND...she had brought a $10 coupon! It was a very good day! When it comes to the stock market, I'm sure some investors are great at having extra cash when the stock they want to purchase drops in price. I was never good at anticipating the movement of AAPL stock, however, so when I occasionally thought I'd be smart and *hold* the AAPL dividend money in our IRA's...*waiting* for a lower share price, instead of auto-reinvesting it on the dividend pay date...I usually always regretted it. Consequently, I've finally been able to force myself to just "let the chips fall where they may" and let the new AAPL shares be purchased at whatever the AAPL share price was on the dividend pay date. So, except for a few several instances over 9 years of receiving AAPL dividends, buying new AAPL shares on the dividend pay date, four times a year, with no regard to the share price at the time, resulted in new AAPL shares in our IRA's with an average cost/share of $37.39. Our auto-reinvested AAPL dividends haven't purchased AAPL shares at *less* than a split-adjusted $40/share since 08/08/17...and over the last year, shares were purchased at $118.34, $134.36, 126.60 & $149.06. I'm comfortable with the probability that if I had continued to hold the AAPL dividends each quarter until AAPL pulled back in share price, the average cost/share would be *over* a $100/share. 😂 Yes...I was that bad at it. YMMV. Cheers to the AAPL Longs!! Update: Sorry, I failed to give a *reason* for my post...other than to point out: 1. I'm not at all good at predicting AAPL's fluctuations 2. Investing in AAPL, long term, smooths out the hills and valleys of the share price. 3. My wife is frugal(thanks to her parents). My point: For those that are good at anticipating AAPL's pullbacks...great! Whether you use RSI, EPS, TA or chicken bones...you'll do well taking advantage of AAPL's pullbacks to add shares. OTOH, for those that are long term investors but, like me, have an innate inability to foresee the future, I'd advise you to buy shares of AAPL whenever you have the extra money to do so, rather than trying to time the market. Over the long haul, 5-10 years years worth of *haul*...you'll do pretty well, regardless of the original purchase price.
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Post by hledgard on Sept 20, 2021 18:21:00 GMT -8
I am the same as Luckychoices. Just gave up trying to game the price of AAPL. I think it just doesn't work. The price today is not "low". It is what it is; it could go lower or higher soon, very hard to say.
Is it "lower" than last week? Of course. But that does not mean it is low or a buying opportunity.
My two cents.
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