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Post by archibaldtuttle on Mar 11, 2022 16:07:37 GMT -8
This was the second-worst % week for AAPL in the last 52-week period. The worst was in January.
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Post by Luckychoices on Mar 11, 2022 18:10:26 GMT -8
I don’t ask that you do the same about your judgments, starting the threads and all, but I do note that this is a mixed board politically, and if you get called on it by hotheads, you were pretty much asking for it. Even if this is a mixed board politically, the rules are pretty clear: No politics. And to suggest aaplsauce was *asking for it*? SMH If you truly wanted to have an open discussion about this, you could put it in a non-starter comment and allow it to get consigned to the dungeon, where you can slug it out with those who disagree enough to say so. Who said he "truly wanted to have an open discussion"? I don't remember ever seeing aaplsauce in the dungeon "slugging it out with anyone" about a political topic. And, I guess I was mistaken, but I thought the dungeon was closed for "slugging things out". If it's not, it should be. I wouldn’t say it’s cowardly to put it in an opener thread, but it’s the same kind of tactic that racists use when they tell me to go back to where I came from (NYC?) when I can’t answer back. You wouldn't *say* it's cowardly...but then you *did* say it's cowardly by suggesting it's the same kind of tactic that racists use. However, you *did* throw aaplsauce a complement by saying, "I would find the task to be drudgery, and as I failed to say, I for one appreciate it. I regret that I haven’t said so since you started. Thanks!" I'm sure that makes him feel much better when balanced against all the criticism you gave him. /s
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Post by Odd-Lot Richard on Mar 11, 2022 21:59:54 GMT -8
Even if this is a mixed board politically, the rules are pretty clear: No politics. And yet aaplsauce broke those rules, and when someone responded poorly on a -2.39% AAPL day, you smugly laugh and pat each other on the back when their comment gets kicked. And to suggest aaplsauce was *asking for it*? SMH No hate in my heart, friend. I am just calling it as I see it. I'm sure that makes him feel much better when balanced against all the criticism you gave him. /s I thanked aaplsauce for a great run, mostly free of controversy, but I will point out why this particular instance was a failure on their part. They can take it to heart, or not. I don’t weigh in nearly as often as others, I enjoy the board, but I’m not here every day. So I can say more clearly what Ted and others might have to tiptoe around. You want me to call someone a coward? I won’t do it. I’m not here to make 4aapl’s day more difficult. I’m not here to get kicked, or to get others kicked. I don’t think it’s fun to goad others into blowing their top, the way you and JD seem to. I enjoy hearing differing opinions when I can respond. I’m not here to change your mind. I’m not here to speak to power. I’m just here to find out about Apple.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Mar 12, 2022 3:05:52 GMT -8
Back to the topic: is AAPL melting down? If I’m reading the weekly chart correctly, this is the second time that AAPL has closed below the channel support line. If I’m correct, it takes 3 times to make that support line become a resistance line. And the RSI line is headed south. Fridays close dropped decisively with a large spike in volume. I’m guessing that many are fearful of being in this stock over the weekend. And then there is this: Goldman Sachs Increases 2023 Recession Odds
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Mar 12, 2022 3:44:15 GMT -8
Russia-Ukraine war has Wall Street totally confusedThis story is from Monday March 7. Mr. Market may be less confused now. So someone is having difficulty understanding the effects of runaway inflation. Let’s see. Oil and gas fuel the industrial engine and wheat, corn, etc fuel the human race, and not everyone has unlimited income. Welcome to reality.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Mar 12, 2022 4:09:29 GMT -8
Once again this board, the AFB, is divided between what Tim Cook’s favorite color is and what the future looks like for our largest financial investment. I vote that it’s the color green, and that he prefers boxers. I’ll fight anyone that disagrees.
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Post by Lstream on Mar 12, 2022 4:52:45 GMT -8
Once again this board, the AFB, is divided between what Tim Cook’s favorite color is and what the future looks like for our largest financial investment. I vote that it’s the color green, and that he prefers boxers. I’ll fight anyone that disagrees. Can we agree on Sumo to settle this?
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on Mar 12, 2022 7:13:07 GMT -8
Once again this board, the AFB, is divided between what Tim Cook’s favorite color is and what the future looks like for our largest financial investment. I vote that it’s the color green, and that he prefers boxers. I’ll fight anyone that disagrees. Can we agree on Sumo to settle this? No, I’m way too skinny and I don’t look good in a dipper.
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mark
fire starter
Posts: 1,632
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Post by mark on Mar 13, 2022 10:42:01 GMT -8
There are few things worse (and forum-destroying) than discussing politics on a forum not meant for politics. However, one thing that is worse, is discussing about discussing politics*. Especially endless discussions about a relatively innocuous statement agreeing with the politics of the CEO of the company the forum is about. And, yes, I see the irony in my reply, and purposely waited until the heat died down.
* In general, "meta-discussions", discussions about the discussion, are forum destroying in themselves. Kind of like when a committee gets so hung up about the rules of order, that they spend more and more time focusing on the rules, and less and less time focusing on the primary issue they exist to discuss.
I also sold all my XOM a week or two ago, and bought a little more XLE. I am afraid that XOM will have Russia issues and related writedowns, but XLE (despite being 24% XOM) is more diversified. I also own a bunch of CVX. Though sometimes I think it's kind of silly, or maybe just a hobby, to own all these stocks, because they are dwarfed by my Apple position. But I bought the oils a few years ago, and more early in the pandemic, because I believed, and believe, that energy costs will go up ... and I wanted to "hedge" my own energy costs. I've done that in multiple ways (install heat pump hot water heater, replace an ICE vehicles with EV, etc) that are working out well so far. I said I would sell them when oil credibly broke $100 thinking that a retreat in oil price would be imminent at that point. But the whole Russia-Ukraine war moved that number to the right, I'm not sure how far to the right, but certainly $125 or perhaps even higher.
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