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Post by aaplsauce on May 12, 2022 21:47:13 GMT -8
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Post by CdnPhoto on May 13, 2022 4:17:36 GMT -8
Who bought yesterday? who's buying today?
Put me down for having bought yesterday.
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chinacat
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AAPL Long since 2006
Posts: 4,438
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Post by chinacat on May 13, 2022 5:46:47 GMT -8
“When CEO Tim Cook was asked about the effects of macroeconomic conditions and inflation on its business in an earnings call last month, he said the company’s bigger problem was making enough iPhones and Macs to meet global demand — not a slowdown in demand. “Right now, our main focus, frankly speaking, is on the supply side,” Cook said.” In Tim I trust, while waiting to collect this quarter’s dividend. PED has Analysis: Apple is oversold.
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Post by audiosculpture12 on May 13, 2022 5:55:30 GMT -8
That falls on my ears a smidge like when Tim said China supply wouldn't be a problem and then it hugely was. And now he's being sued...
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JDSoCal
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Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on May 13, 2022 6:21:44 GMT -8
That falls on my ears a smidge like when Tim said China supply wouldn't be a problem and then it hugely was. And now he's being sued... Hodl a minute. I'm a critic of Tim at times, but when was China a "hugely" problem? Tim said last quarter it would not be and it was not (Apple beat). Tim said this quarter it could be a $4-8B problem. Is Tim supposed to be clairvoyant about when the Chinese virus shuts down China?
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chinacat
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AAPL Long since 2006
Posts: 4,438
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Post by chinacat on May 13, 2022 6:53:33 GMT -8
AppleInsider has Apple sending RSVPs to developers for WWDC 2022. “Apple is preparing to hold its first in-person Apple Event since the beginning of the COVID-19 pandemic and has invited a limited number of developers to take part in WWDC 2022.” - emphasis mine.
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Post by audiosculpture12 on May 13, 2022 7:02:52 GMT -8
That falls on my ears a smidge like when Tim said China supply wouldn't be a problem and then it hugely was. And now he's being sued... Hodl a minute. I'm a critic of Tim at times, but when was China a "hugely" problem? Tim said last quarter it would not be and it was not (Apple beat). Tim said this quarter it could be a $4-8B problem. Is Tim supposed to be clairvoyant about when the Chinese virus shuts down China? My tongue was very much in my cheek JD, but I was referring to this: appleinsider.com/articles/22/02/13/cooks-china-comments-lawsuit-gains-class-action-statusI guess I said supply which popped the wrong spin on it.
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4aapl
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Posts: 3,867
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Post by 4aapl on May 13, 2022 7:18:12 GMT -8
Grrrrr
Even from 2018, and based in the UK, lawsuits like that bug me. In many cases they just go away, if the stock goes up and so there is no net loss.
But come-on, they claim to be down $1M over that. Several people here have "lost" more than that in a day, even multiple times in the last week. And one or two might have even lost 8 figures in a day.
Apple, and it's employees including the CEO, are not perfect. And there will be supply and even demand issues at times. But unless they purposefully deceive us in a major way, it shouldn't be an issue. And things like this encourage Apple to give us less outlook, while a little more outlook or forward guidance could help ease some minds and lead estimates to be more accurate.
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JDSoCal
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Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on May 13, 2022 7:34:30 GMT -8
Hodl a minute. I'm a critic of Tim at times, but when was China a "hugely" problem? Tim said last quarter it would not be and it was not (Apple beat). Tim said this quarter it could be a $4-8B problem. Is Tim supposed to be clairvoyant about when the Chinese virus shuts down China? My tongue was very much in my cheek JD, but I was referring to this: appleinsider.com/articles/22/02/13/cooks-china-comments-lawsuit-gains-class-action-statusI guess I said supply which popped the wrong spin on it. Well then I guess we can all agree that lawyers are a problem.
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4aapl
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Post by 4aapl on May 13, 2022 7:39:33 GMT -8
Not the best article, but I liked these 2 quotes, and then was intrigued by how the current title was so much different than the URL title. re-branding! This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%FWIW, his ETF of choice is SPY. And if not wanting to worry about the view limit on articles at market watch, you can always open it in a private window. Though IMO the quotes above are the important ones, unless you are trying to see his full plan for switching between cash and SPY using his "proprietary Evitar Corte Model", which of course is proprietary so he doesn't give away the recipe for the secret sauce. No matter. AAPL has done better. But it's always smart to keep an open mind.
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chinacat
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AAPL Long since 2006
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Post by chinacat on May 13, 2022 8:38:44 GMT -8
That falls on my ears a smidge like when Tim said China supply wouldn't be a problem and then it hugely was. And now he's being sued... Fair enough, but I don’t think that many folks feel that Steve Jobs made a mistake when choosing his eventual successor.
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Post by dc930 on May 13, 2022 8:39:33 GMT -8
Who bought yesterday? who's buying today? Put me down for having bought yesterday. Added about 6% to my taxable position and 4% to my Roth position yesterday. Combo of dry powder and reinvesting dividends. ~145 purchase price.
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Post by nwjade on May 13, 2022 10:06:17 GMT -8
Who bought yesterday? who's buying today? Put me down for having bought yesterday. Added about 6% to my taxable position and 4% to my Roth position yesterday. Combo of dry powder and reinvesting dividends. ~145 purchase price. Added shares to my IRA account at $139.68 and $140.72 yesterday using funds from the last two quarters dividends. That money usually is held in cash to help pay federal income tax but what the heck I couldn't pass on buying when we were so oversold. The end of last September I added more shares in the low $140's and we went on to ATH's and now here we are back again in the $140's. Was yesterday the bottom, who knows? Hopefully things will at least settle down if we can just get any kind of positive news regarding inflation or Ukraine.
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,335
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Post by Dave on May 13, 2022 10:11:33 GMT -8
Not the best article, but I liked these 2 quotes, and then was intrigued by how the current title was so much different than the URL title. re-branding! This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%FWIW, his ETF of choice is SPY. And if not wanting to worry about the view limit on articles at market watch, you can always open it in a private window. Though IMO the quotes above are the important ones, unless you are trying to see his full plan for switching between cash and SPY using his "proprietary Evitar Corte Model", which of course is proprietary so he doesn't give away the recipe for the secret sauce. No matter. AAPL has done better. But it's always smart to keep an open mind. In the original AFB there was a lot of discussion’s on Fibonacci patterns for predicting stock movement. I think that it was Mace that talked a lot about it. Had the geniuses at the TMO not been so quick to delete everything we would have the opportunity to do some research. And by the way, there is a Fibonacci calculator available in the App Store.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on May 13, 2022 10:12:40 GMT -8
That falls on my ears a smidge like when Tim said China supply wouldn't be a problem and then it hugely was. And now he's being sued... Fair enough, but I don’t think that many folks feel that Steve Jobs made a mistake when choosing his eventual successor. Who are we referring to here, John Sculley?
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on May 13, 2022 11:26:12 GMT -8
Not the best article, but I liked these 2 quotes, and then was intrigued by how the current title was so much different than the URL title. re-branding! This portfolio manager’s strategy uses just one ETF and his own ‘crash indicator’ to beat the market by 530%FWIW, his ETF of choice is SPY. And if not wanting to worry about the view limit on articles at market watch, you can always open it in a private window. Though IMO the quotes above are the important ones, unless you are trying to see his full plan for switching between cash and SPY using his "proprietary Evitar Corte Model", which of course is proprietary so he doesn't give away the recipe for the secret sauce. No matter. AAPL has done better. But it's always smart to keep an open mind. In the original AFB there was a lot of discussion’s on Fibonacci patterns for predicting stock movement. I think that it was Mace that talked a lot about it. Had the geniuses at the TMO not been so quick to delete everything we would have the opportunity to do some research. And by the way, there is a Fibonacci calculator available in the App Store. One of the problems people have with the technicals is the thought that it is saying that free will is not part of the equation, and that things don't matter as far as outside forces. Instead, I see it as probabilities and a way to see common mass psychology. Not everyone behaves the same way to the same thing. But if enough people follow a pattern, then it can be predictable. And if enough people or computers look to capitalize on that pattern, it might disappear. This downturn is a strange one, based on different things that the other big ones in the last 25 years. Things for Apple and many major companies seem to still be going well. And prices didn't get frothy across the board IMO. So a reset based on changing conditions while there are other worries too then doesn't have to be as strong of a fall as a full on crash for the great recession or the tech bubble. But once the masses are headed towards the exits, running or not, what causes them to change course and go back to their seat and sit down? Strange times. But each time is a little different. It doesn't look like the stock or the market is having the full-on fibonacci retrace of 38.2% listed in the article. But if enough people sit around and wait for it, it will happen. The same thing is true with one of the articles I read earlier, of "people are either waiting on AAPL, to either see 138 not hold or to break above 150". But it takes someone buying to bring it up from that middle ground to above 150, just as it takes someone wanting to sell to bring it on down lower. Without taking on too much risk, I think buying here is better. Time to see if any of the small accounts have enough from dividends to buy a few more shares.
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on May 13, 2022 12:10:16 GMT -8
Dan Ives fighting the good fight on @cnbc. 🥊 I’m sure PED will find the video.
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chinacat
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AAPL Long since 2006
Posts: 4,438
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Post by chinacat on May 13, 2022 12:39:18 GMT -8
Fair enough, but I don’t think that many folks feel that Steve Jobs made a mistake when choosing his eventual successor. Who are we referring to here, John Sculley? From A Timeline of Apple CEOs: “Tim Cook was recruited by Steve Jobs in 1998 from Compaq to lead Worldwide Operations. Before he became CEO, Tim Cook was the interim CEO during Jobs' leave of absence for pancreatic cancer, and again while Jobs had a liver transplant.”
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JDSoCal
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Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on May 13, 2022 14:44:35 GMT -8
LOL I am well aware that Cook was Steve’s choice. But he picked Sculley too, as well as that one bozo at NeXt. Recall that Steve also hired Fadell and Forstall and Ive, who are all gone.
I wonder - gun to his head - if Steve makes the trade of Tim for those three. We’ll never know…
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Post by Luckychoices on May 13, 2022 22:02:08 GMT -8
Today’s the 3 year anniversary of when you joined AFB on 05/13/19…and, IMO, AFB is very fortunate to have you as a *strongly* contributing member. Thank you for opening the daily thread for over a year now...and thanks for sharing your thoughts, insight and responses as a long-term AAPL investor. I took some time to look through a few pages of the comments you’ve made since you joined AFB and your posts have been consistently thoughtful, upbeat and always worth reading. You've had a really positive impact on this board over the last 3 years and I look forward to reading your future posts. 😎
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Post by aaplsauce on May 13, 2022 22:55:16 GMT -8
Thank you Luckychoices. I appreciate your kind comments. The first thread I read on AFB was the one you started titled "Sometimes it helps to have all your eggs in one basket". I would suggest to all readers of AFB, that they check out that thread...Apple Fundamentals > Sometimes it helps to have all your eggs in one basket. I am a long term holder of AAPL, and my decision years ago to go "almost all in to " has been life-changing. I'm excited to see what Apple will reveal over the next few years. I plan to continue to participate in the discussion here on the board.
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