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Post by aaplsauce on Nov 30, 2021 22:45:55 GMT -8
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Post by artman1033 on Dec 1, 2021 3:43:57 GMT -8
AAPL ALL TIME HIGH!$170.29All Time Highest TODAY intraday 145,135,682 shares traded today
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Post by socal Film Composer on Dec 1, 2021 4:02:06 GMT -8
Ha Artman. standing by $$ The last few trading days are a good example of why I never try too hard to "time" AAPl around key announcements, earnings etc - amazing things can happen - blowouts, industry changing products (M1, M1) and the stock doesn't move, then all of a sudden out of nowhere and exhausted market takes a longer look at us, and ... boom. Even though on percentage terms we are way over invested in AAPL, I'm comfortable as it also behaves like its own asset class when others correct or fail - cash rich, cash generating machine, promising pipeline of new products And consumer loyalty to must have devices and services... good luck - and cheers to us longs.
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Post by benoir on Dec 1, 2021 4:03:26 GMT -8
Wow. $9410 (split adjusted an few times) in the pre-market and not even touching a PE of 30. (How lucky we are…) JD was(will be) right about the open.
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Post by benoir on Dec 1, 2021 5:07:39 GMT -8
You know… If we were gifted the same PE as MSFT we would be $207 a share with a market cap of $3.3T
Part of me wants Apple to buy back at a lower price and part of me wants the higher share price.
For a long time I have felt 24x was a fair multiple. Of course Apple is a different company in a different context, with so much more vertical integration and margin rich services. So perhaps it deserves a higher multiple?
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Dec 1, 2021 7:10:39 GMT -8
Not to be a buzzkill, but the only thing worse than a Fed chair speaking is two Fed chairs speaking. 🙉🙉
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Post by archibaldtuttle on Dec 1, 2021 7:45:56 GMT -8
Hallelujah!
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Post by CdnPhoto on Dec 1, 2021 8:08:36 GMT -8
Wondering how many price targets we get in the next few days, as the bullish analysts realize they're at or under the waterline.
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Post by CdnPhoto on Dec 1, 2021 8:17:56 GMT -8
$170
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Dec 1, 2021 8:39:15 GMT -8
You know… If we were gifted the same PE as MSFT we would be $207 a share with a market cap of $3.3T Part of me wants Apple to buy back at a lower price and part of me wants the higher share price. For a long time I have felt 24x was a fair multiple. Of course Apple is a different company in a different context, with so much more vertical integration and margin rich services. So perhaps it deserves a higher multiple? Each company, and how their investors choose to value it, is different. MSFT's PE (37) is only about 20% away. It's the likes of TSLA (currently a PE ~380) that make me "dream a little dream for me". But that's just the easy compare/easy math, not looking forward, and not compensating for how current earnings are used. Go with the classic commodore 64 game Lemonade Stand, if you put all of your earnings from a hot summer day into sugar and lemons, you could have daily earnings of 0 or near it. If it was a public stock, but only earned one cent, the P/E would be sky high. R&D, build out, materials, future contracts. They make it so the easy math doesn't give the full picture. 15 months ago AAPL's P/E peaked out at just a little into the 40's, for mere days. That's still a far cry from the 60's of the late 1990's, but it's different times and a much different company. In August 2020 the stock gained 26% in a month, from 425.04 on July 31st, to a post-split 134.18 on September 1st. As socal Film Composer notes, AAPL moves in fits and starts, often not tied directly to seemingly important events like earnings. You just never know. But the "too far, too fast" mantra often applies, whether seeing it through quick gains, or through the RSI. But in my mind, the 40 level for P/E is what was the 20 level in 2017, pretty elusive and often a sign of being near a relative top, if wanting/needing to sell a little at a good price. Nice to see AAPL green again, and even leading the S&P, Nasdaq, and other FAANGs. The stock isn't the very top performer this year, instead taking some time to digest these levels, but it can still shock and awe a bit.
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Post by firestorm on Dec 1, 2021 9:08:10 GMT -8
Oui !!!!!!!!!!!!!
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Dec 1, 2021 9:13:24 GMT -8
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Post by eastbaybob on Dec 1, 2021 9:52:23 GMT -8
Wow. $9410 (split adjusted an few times) in the pre-market and not even touching a PE of 30. (How lucky we are…) JD was(will be) right about the open. Same for me
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Post by CdnPhoto on Dec 1, 2021 12:20:00 GMT -8
At least we don't have that pesky gap to worry about.
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Post by archibaldtuttle on Dec 1, 2021 12:26:03 GMT -8
Ouch. Big swing on the day due to bad Omicron news.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Dec 1, 2021 13:15:53 GMT -8
Never a straight line.
But that volume. That's gotta count for something. 145M, vs an average daily volume of 80M. Wow! But maybe that doesn't matter too much, in the age of algo bots.
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Post by zebrum on Dec 1, 2021 13:30:33 GMT -8
Jinxed it
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Post by CdnPhoto on Dec 1, 2021 14:00:35 GMT -8
Jinxed it Sorry. Will try not to do that again.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Dec 1, 2021 15:23:42 GMT -8
Disappointing day, but higher highs are always good. If Powell will just go away for a while and the market digests this mild Xi Covid strain, we'll get a broad green day and bust through 170.
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Post by archibaldtuttle on Dec 1, 2021 16:51:24 GMT -8
Disappointing day, but higher highs are always good. If Powell will just go away for a while and the market digests this mild Xi Covid strain, we'll get a broad green day and bust through 170. I think it's more likely we spend a couple months digesting in the 160s first.
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Post by zzmac on Dec 1, 2021 21:27:16 GMT -8
I saw that Apple dropped a few dollars from it's high today and finished in the red due to someone in CA having the new covid variant.
I hope no one else catches it.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Dec 2, 2021 7:10:50 GMT -8
Disappointing day, but higher highs are always good. If Powell will just go away for a while and the market digests this mild Xi Covid strain, we'll get a broad green day and bust through 170. I think it's more likely we spend a couple months digesting in the 160s first. I'm hoping it's only days here in the low 160's, but I could see some time in the upper 160's if there's no big positive catalyst. Wedbush's new target, raised from 185 up to 200, could have been enough on a normal day. It would be interesting to hear from Apple, maybe a year later, about how these rumors about supply go down, from their perspective. I don't want or expect them to put much effort into managing the short term price of AAPL, but it wouldn't be bad to hear from Apple in a calm and collect way, saying how they prepare for a range of outcomes including the possibility of their own expectations being exceeded, and then condense the range as better estimates are made while further through the quarter or year. It probably won't happen, unless with the likes of an interview with Walter. But it will take something like that to help minimize the excitement over any change in estimates to or from suppliers, hopefully making people realize that there is a difference between a mild change in expectations or even pulling in the frothy high side estimations to get a more exact allocation, and big changes that can occasionally happen that are enough to really move the needle.
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