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Post by aaplsauce on Jan 31, 2022 22:26:38 GMT -8
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Post by CdnPhoto on Feb 1, 2022 5:50:26 GMT -8
UPS announced their earnings. Stock up about 9% in Premarket. Hope it pulls all up. AMD and Alphabet (among others) to announce after the close tonight.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Feb 1, 2022 5:58:40 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Feb 1, 2022 10:44:43 GMT -8
We know that iPad sales were supply chain constrained. And correct me if I only dreamed this, but didn't Cook say that he purposely sacrificed iPad parts to help iPhone production?
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Feb 1, 2022 11:56:20 GMT -8
Slow news day. AAPL is down a little. RSI is 55. And it's P/E is at ~28.5, the same as Ford. Clorox is 48.5!!! And what a ride Tesla took yesterday. If everything is overpriced then AAPL is overpriced. But not all overpricing is the same. This article on two who did well with GameStop had some nuggets in it, flashbacks to 2000. I didn't use options at the time, but do remember making a couple quick trades, like 8x8 and Shlotskis (SP???). But it was putting 30-35k into a small tech company that I didn't know much about, just through a recommendation of a friend, that helps show the "dumb money" or "numbness" that you can get into. FWIW, that investment lost money, though not being an option it was probably only off a third. Expensive lesson? Or cheap? Anyways, here's the article: www.cnn.com/2022/02/01/investing/gamestop-meme-stock-anniversary/index.htmlAnd then there was this article on SFGate, The moral calculations of a billionaire: www.sfgate.com/news/article/The-moral-calculations-of-a-billionaire-16816512.phpAside from how depressed he looks in that photo, and how it was a little slow to get to why he kept putting this much time and supposed stress into things (instead of just LTBH like most do here, at least with most of their investments), that was a good article. Quite a laundry list of billionaires with expensive purchases in that one paragraph, but most of those are ones we have heard of, with 10x-100x Leon Cooperman has. Even if an expense seems like a lot, it can still be trivial at certain levels. But worrying too much about what someone else is doing with their money is mostly pointless, just as most "shaming" is. Anyways, while realizing that even if he gives 90% away there is still a lot left (see, easy to do), I really liked his mindset. Driving a Kia might be shooting a little low, but he has realized that he can use his money for good, and while still giving away huge swaths now even though he gets harassed by others directly and indirectly (see the article). It's nice to see and hear about some people who have done very well, who are trying to stay down to earth while also spreading it around. On their terms.
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Post by bram on Feb 1, 2022 12:53:04 GMT -8
I don't get why we have these melt-ups at the end of a trading session. Can anyone with more knowledge explain it to me?
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Feb 1, 2022 12:57:54 GMT -8
We know that iPad sales were supply chain constrained. And correct me if I only dreamed this, but didn't Cook say that he purposely sacrificed iPad parts to help iPhone production? You are correct, sir 😉.
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Post by CdnPhoto on Feb 1, 2022 13:32:08 GMT -8
AMD and Alphabet (among others) to announce after the close tonight. AMD up close to 8% GOOGL up close to 7% Let's hope they do to the market what AAPL did last week.
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Post by archibaldtuttle on Feb 1, 2022 14:05:58 GMT -8
Google doing a 20-to-1 split
It’s basically back at its ATH now (1% under it)
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crispin
Member
KBJ for the win. AAPL long and strong since 2000
Posts: 325
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Post by crispin on Feb 1, 2022 15:15:07 GMT -8
Nice article on Cooperman, thanks for sharing. It’s refreshing to meet an understated billionaire with his head on straight. I’m probably more aligned with his liberal daughter, but he does seem to have a healthy drive to give back and do a lot of good with his extreme wealth. I’m mystified as to why he’d spend his days checking in on the fluctuations of his investments though. I suppose it passes the time, and perhaps it’s force of habit to some degree. But if I had a 10 digit portfolio I don’t think I’d be sweating the daily ups and downs. In a lot of ways he seems like your average guy from the Bronx who made good and got out. He’s just got a few more zeros than most of us. Slow news day. AAPL is down a little. RSI is 55. And it's P/E is at ~28.5, the same as Ford. Clorox is 48.5!!! And what a ride Tesla took yesterday. If everything is overpriced then AAPL is overpriced. But not all overpricing is the same. This article on two who did well with GameStop had some nuggets in it, flashbacks to 2000. I didn't use options at the time, but do remember making a couple quick trades, like 8x8 and Shlotskis (SP???). But it was putting 30-35k into a small tech company that I didn't know much about, just through a recommendation of a friend, that helps show the "dumb money" or "numbness" that you can get into. FWIW, that investment lost money, though not being an option it was probably only off a third. Expensive lesson? Or cheap? Anyways, here's the article: www.cnn.com/2022/02/01/investing/gamestop-meme-stock-anniversary/index.htmlAnd then there was this article on SFGate, The moral calculations of a billionaire: www.sfgate.com/news/article/The-moral-calculations-of-a-billionaire-16816512.phpAside from how depressed he looks in that photo, and how it was a little slow to get to why he kept putting this much time and supposed stress into things (instead of just LTBH like most do here, at least with most of their investments), that was a good article. Quite a laundry list of billionaires with expensive purchases in that one paragraph, but most of those are ones we have heard of, with 10x-100x Leon Cooperman has. Even if an expense seems like a lot, it can still be trivial at certain levels. But worrying too much about what someone else is doing with their money is mostly pointless, just as most "shaming" is. Anyways, while realizing that even if he gives 90% away there is still a lot left (see, easy to do), I really liked his mindset. Driving a Kia might be shooting a little low, but he has realized that he can use his money for good, and while still giving away huge swaths now even though he gets harassed by others directly and indirectly (see the article). It's nice to see and hear about some people who have done very well, who are trying to stay down to earth while also spreading it around. On their terms.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Feb 1, 2022 20:55:07 GMT -8
Yea, it's an interesting concept. One side is from the GameStop article, of you bought yourself time, you can do whatever you want. The other is that, even if planning on giving it all away, you can still continue doing what you are good at, or what you enjoy, especially if they are the same thing. It sounds like he gets out and about, and has a good routine. And while I don't trend toward lamb, I share his interest in getting a good deal at Costco. While they didn't say it, it sounds like he has a "family office" that takes care of the general trading stuff. I hear a little more about those in town now, though for the most part they and other small companies, financial or otherwise, stay under the radar. But it's always interesting to get someone's ear on a ski lift, or rather they get my ear. How much can you hear in 2-3 minutes once they start? Last week's was a guy on his 3rd company, this one running statistics on a company's internal metrics. But past ones ranged from a pasta sauce maker, an iPhone bulk shipping packaging maker, or various finance and arbitrage companies. OTOH, we have 3 billionaires in our small town of maybe 5k. I don't know much about Milken, though his medical wing at a University has been coming up lately. Ellison is at the other end, and with a few more digits, formerly building a huge compound, then buying out a casino/resort that was being redone and ran into problems, but now buying out the Hyatt. Given the limited land and very limited hotels, this is real-life Monopoly. But then the third sounds fairly similar to Cooperman. A quick Google search says "Ridgeline Founder and CEO Dave Duffield is an accomplished industry entrepreneur with an extensive history of pioneering new ground in business applications. Having founded six companies, he is known for making employees and customer service a top priority.". It seems to be the "do what you know and enjoy", while also at least somewhat staying down to earth. While some of his first big gifts were more specialized, and then some were mostly under the radar, in the last 5 years his donations have become more mainstream and well known in the community. But we see him shopping at the local grocery store. And it made me smile last Thursday when we were walking along Lakeshore, ice and all, and saw him drive by. In his Ridgeline. I guess it just gives me hope, that people can stay somewhat normal even with a couple more zeros in their net worth. But I guess that flies back to putting my own value system onto something. Who's to say what is right or wrong, especially if all spending gets money mixing around in the economy? But it does show that what I would strive for is possible, even if at times it doesn't seem common in those that have done very well. Though that might have more to do with what is of interest to the masses. And Cooperman's story, while interesting to me, just probably isn't that exciting to most people out there. Sometimes that is obvious, as my youngest asked tonight why I read books like "Money", while she was reading "Cinder". Nice article on Cooperman, thanks for sharing. It’s refreshing to meet an understated billionaire with his head on straight. I’m probably more aligned with his liberal daughter, but he does seem to have a healthy drive to give back and do a lot of good with his extreme wealth. I’m mystified as to why he’d spend his days checking in on the fluctuations of his investments though. I suppose it passes the time, and perhaps it’s force of habit to some degree. But if I had a 10 digit portfolio I don’t think I’d be sweating the daily ups and downs. In a lot of ways he seems like your average guy from the Bronx who made good and got out. He’s just got a few more zeros than most of us. And then there was this article on SFGate, The moral calculations of a billionaire: www.sfgate.com/news/article/The-moral-calculations-of-a-billionaire-16816512.phpAside from how depressed he looks in that photo, and how it was a little slow to get to why he kept putting this much time and supposed stress into things (instead of just LTBH like most do here, at least with most of their investments), that was a good article. Quite a laundry list of billionaires with expensive purchases in that one paragraph, but most of those are ones we have heard of, with 10x-100x Leon Cooperman has. Even if an expense seems like a lot, it can still be trivial at certain levels. But worrying too much about what someone else is doing with their money is mostly pointless, just as most "shaming" is. Anyways, while realizing that even if he gives 90% away there is still a lot left (see, easy to do), I really liked his mindset. Driving a Kia might be shooting a little low, but he has realized that he can use his money for good, and while still giving away huge swaths now even though he gets harassed by others directly and indirectly (see the article). It's nice to see and hear about some people who have done very well, who are trying to stay down to earth while also spreading it around. On their terms.
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