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Post by sponge on Mar 12, 2013 12:48:14 GMT -8
Well not the close I expected. At this point I will be happy if we stay above 425 tomorrow. We have been seeing very crazy swings in the stock. Last Thursday it was 11 points, yesterday it was 14 points and today 10 points. It hard to say where it is going from here. I do know it is not going up back over 435 any time soon. With Max Pain at 460 we should get ready for going nowhere even after April earnings. I am preparing myself for a move to 490 by earnings and back down to 440 after earnings.
If that pans out I won't cry since the longer we stay below $500 the bigger the spike upward. To me its seems like the WS does not expect much out of this stock for a while longer.
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Post by lovemyipad on Mar 12, 2013 12:48:47 GMT -8
...I don't think I could handle another 60 pt drop when AAPL misses. If you don't think you could handle a drop to 385-395, please consider buying cheap, throwaway insurance. IMHO, the peace of mind is worth it. I add to hedges on pops, and I take "some" profits on drops. Rinse and repeat until it doesn't work anymore. (I did this very well from 705 to 585, not nearly so well while we chopped around the 500s and I kept thinking we were bottoming, then again pretty well after the latest earnings miss when I decided to stop trying to call/catch bottoms.) I'm currently holding these bear put spreads: APR'13 400/420s and MAY'13 400/420s. I closed my MAR'13 hedges late last week on the retest of 420-ish. Yesterday, into the 438 gap fill, I opened the MAY'13 hedges. For more on the levels I'm watching, see the Technicals threads. |
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Post by Deleted on Mar 12, 2013 13:13:19 GMT -8
Considering today's downgrades, I think we are doing rather well to still be at $428.00
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Post by Lstream on Mar 12, 2013 13:18:46 GMT -8
That United Airlines video is 1-2 years old. oops Sorry. This board has lost its cred this past half year. Its rubbing off and no wonder. But in the face of incredible fud from the media, Apples alleged missteps and competition there is hope long term. I suspect there will be news on the galaxy 4 unveiling day. Yep. Also the American Airlines case is an outlier. Our company sells mobile solutions to Enterprise, and in the Tablet space Android is pretty much a no-show. I think Microsoft in spite of all their missteps has a chance at some business, but right now iOS is kicking butt. We are doing a pilot with a large utility company right now. They are working their way up to equipping thousands of field workers with iPad's. Nothing else is even being considered. And you cannot get much more conservative than utilities. |
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Post by Deleted on Mar 12, 2013 13:26:49 GMT -8
Dan Morgan (from synovus trust) just called a big Bullshit accusation on CNBCs fast money crew for constantly ditching AAPL - they immediately got super defensive and cut off his interview and are now savaging Apple.
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Post by Lstream on Mar 12, 2013 13:40:51 GMT -8
Dan Morgan (from synovus trust) just called a big Bullshit accusation on CNBCs fast money crew for constantly ditching AAPL - they immediately got super defensive and cut off his interview and are now savaging Apple. Guess that guy will not get an invite back. Kass is more to their liking and agenda. |
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Post by Deleted on Mar 12, 2013 14:03:19 GMT -8
qz.com/61653/apple-cash-plan-stock-buyback-or-more-dividends-likely-coming-this-spring/Apple is leaning toward additional dividends or a share buyback program as part of its effort to return more cash to investors, according to sources. The US tech company could announce the move this spring, potentially in conjunction with a product announcement, the sources said. Apple has been under pressure from hedge fund manager David Einhorn of Greenlight Capital to return some of its more than $137 billion in cash to investors. Einhorn has called for Apple to pay out perpetual dividends through a mechanism he’s dubbed as “iPrefs.†Apple has hired Goldman Sachs to help it assess its options, especially in light of Einhorn’s moves, the sources said. Apple’s zeroing in on a dividend or buyback was in the works before Einhorn made his complaints public in February, although some of the sources say Apple increased the size of its plan after Einhorn’s comments. And although Apple CEO Tim Cook publicly called Einhorn’s lawsuit a “silly sideshow,†the company found his idea of preferred shares “interesting,†sources said. If it decides against a share buyback, Apple could either raise its existing dividend, which the company started paying this year, or issue a special dividend. Apple has said it is in active discussions about returning cash to investors. And Cook has said that Apple officials are conscious of the company’s lagging stock price. Last year, Apple announced plans to return $45 billion in cash over three years. Its new plan to return more cash would come on top of that, the sources said. It’s unclear how much cash Apple will return but the company has the capacity to give another $45 billion or more to investors. Apple has considered using its cash to buy other companies but Cook has said he hasn’t found any big targets that passed muster, leaving the company with the largest cash pile of any US company.
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Post by Lstream on Mar 12, 2013 14:18:52 GMT -8
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Post by hellojapan on Mar 12, 2013 14:59:48 GMT -8
If leaks for the Galaxy S IV are accurate it looks fairly underwhelming. Even android fanboy forums are a bit disappointed by what has been shown so far, assuming that it is accurate. There is a video on bgr which I would prefer not to link to as I find their website distasteful.
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Post by appledoc on Mar 12, 2013 15:08:18 GMT -8
If leaks for the Galaxy S IV are accurate it looks fairly underwhelming. Even android fanboy forums are a bit disappointed by what has been shown so far, assuming that it is accurate. There is a video on bgr which I would prefer not to link to as I find their website distasteful. There is only so much more to be added to smartphones while still considering them to be actual phones. Fingerprint security and NFC payments are what I want to see next. Not sure how long that will be though. I'd guess fingerprinting comes first. |
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Post by seabiscuit on Mar 12, 2013 15:08:38 GMT -8
Better not bring him back. He royally f'd up JCP. Rumour denied apparently. JCP is beyond saving - there is no reason for its existance. |
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Mav
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Post by Mav on Mar 12, 2013 15:21:32 GMT -8
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Mav
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Post by Mav on Mar 12, 2013 15:50:40 GMT -8
I'm looking at a line in the sand of 426ish in the next day or two. If AAPL can't stay above that, there's probably a good chance this micro-countertrend (yep, it's technically in uptrend on a super-short timeframe!) won't hold.
Just a wild guess of course.
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Post by artman1033 on Mar 12, 2013 16:46:21 GMT -8
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Post by mightydog on Mar 12, 2013 17:14:42 GMT -8
Um wasn't the speculation of an increased buyback and/or dividend what drove the share price increase yesterday? All you need for a scoop is 20/20 hindsight. |
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Post by appledoc on Mar 12, 2013 18:35:35 GMT -8
Um wasn't the speculation of an increased buyback and/or dividend what drove the share price increase yesterday? All you need for a scoop is 20/20 hindsight. I don't think so. People just look to add news/rumors to situations that they have no explanation for. The easiest explanation was that a few large block trades were placed, which triggered more buying and short covering. |
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Post by yellowhandman on Mar 12, 2013 18:55:15 GMT -8
If leaks for the Galaxy S IV are accurate it looks fairly underwhelming. Even android fanboy forums are a bit disappointed by what has been shown so far, assuming that it is accurate. There is a video on bgr which I would prefer not to link to as I find their website distasteful. But you can be sure the media will be trumpeting as "another nail in the coffin for Apple", and praising it to high heavens. Whereas if Apple were to release the exact same phone, it would be immediately labelled as "unimpressive", "not competitive", etc. Seen this too many times to not think it'll repeat itself. On this point, saw a ridiculous article yesterday (can't remember where) that cited Samsung's sales in the Galaxy S3 launch quarter as a demonstration of Samsung's superiority. Of course, buried in the article was the fact that, the very next quarter, Apple outsold Samsung because the iPhone 5 was launched. In other words, the totally logical result was that the company that launched a new product in a quarter dominated that quarter - but Apple and Samsung never launched new flagship phones head-to-head in the same quarter. |
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Mav
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Post by Mav on Mar 12, 2013 19:03:06 GMT -8
Huh? Samsung's Galaxy S III sales? Where?
No doubt the landscape is, well, competitive, but it's tough when only one competitor I know of actually discloses smartphone unit sales every quarter, much less of the flagship/upper-end smartphones (which, of course, is easier for Apple to do than most). And not just that, but sell-through numbers sometimes!
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Post by prazan on Mar 12, 2013 19:14:22 GMT -8
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Post by applemuncher on Mar 12, 2013 20:02:38 GMT -8
Huh? Samsung's Galaxy S III sales? Where?No doubt the landscape is, well, competitive, but it's tough when only one competitor I know of actually discloses smartphone unit sales every quarter, much less of the flagship/upper-end smartphones (which, of course, is easier for Apple to do than most). And not just that, but sell-through numbers sometimes! |
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Post by sponge on Mar 12, 2013 20:44:43 GMT -8
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Mav
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Post by Mav on Mar 12, 2013 20:45:17 GMT -8
Milestones. Not the same as quarterly disclosures.
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Post by hellojapan on Mar 12, 2013 20:45:21 GMT -8
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Post by dennyhil on Mar 12, 2013 21:43:21 GMT -8
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Post by vikesfaniv on Mar 12, 2013 22:00:50 GMT -8
That United Airlines video is 1-2 years old. And American Airlines went with Samsung...lovely. Southwest will be going with the iPad. Rollout starts later this year. |
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Post by applemuncher on Mar 12, 2013 22:17:13 GMT -8
Not good news or press... www.cnbc.com/id/100548013Could see new lows as the negative articles pile on and the S4 is launched. Did I mention I want a 5" iPhone? |
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Post by Deleted on Mar 12, 2013 23:29:22 GMT -8
Not good news or press... www.cnbc.com/id/100548013Could see new lows as the negative articles pile on and the S4 is launched. Did I mention I want a 5" iPhone? I wouldn't worry - IDC has been consistently wrong forever about "media tablets" as they liked to call them up until recently. Unlike smartphones, there is no widespread eager middleman (cellular operators) to market and distribute android tablets. |
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Post by ahmpower on Mar 13, 2013 2:31:59 GMT -8
Hahaha this is THE sign of capitulation and bottom.. When the talk changes to buying cars again, time to sell. |
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Post by Deleted on Mar 13, 2013 3:55:32 GMT -8
I don't think so. People just look to add news/rumors to situations that they have no explanation for. The easiest explanation was that a few large block trades were placed, which triggered more buying and short covering. Yay. Exactomundo. |
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