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 Sept 13, 2022 1:50:13 GMT -8
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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 Sept 13, 2022 2:07:37 GMT -8
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Post by CdnPhoto on Sept 13, 2022 3:33:47 GMT -8
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Post by CdnPhoto on Sept 13, 2022 3:35:43 GMT -8
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Post by CdnPhoto on Sept 13, 2022 4:46:34 GMT -8
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chinacat
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AAPL Long since 2006
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Post by chinacat on Sept 13, 2022 5:42:07 GMT -8
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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 Sept 13, 2022 5:58:02 GMT -8
There’s nothing quite like a dose of reality to start the day.
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Post by archibaldtuttle on Sept 13, 2022 6:48:28 GMT -8
The direction of AAPL (and other consumer stocks) is dependent on the Fed.
Todays CPI data implies that the Fed will continue to raise rates in an effort to hurt the economy (or “cool down” the economy). Lower home values, lower stock prices, hiring freezes, layoffs — that’s what the fed wants — because it’s the only tool they have to lower inflation.
Bulls were hoping that inflation was starting to cool already because of lower gas prices. But todays report dashed that hope. Energy prices were down but other prices were up, particularly rent. Fed will continue to be aggressive.
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Post by artman1033 on Sept 13, 2022 7:01:58 GMT -8
GSAT finance.yahoo.com/quote/GSAT/?p=GSATsec.report/Document/0001366868-22-000059/On September 7, 2022, Apple Inc. (“Partner”) announced new satellite-enabled services for certain of its products (the “Services”). Globalstar, Inc. (“Globalstar” or the “Company”) will be the satellite operator for the Services pursuant to the terms agreement (the “Terms Agreement”) first disclosed in the Company’s Form 10-K for the year ended December 31, 2019, and certain related ancillary agreements (such agreements, together with the Terms Agreement, the “Partnership Agreements”). The Services constitute the potential service described in the Company’s previous disclosure about the Terms Agreement. Since execution of the Terms Agreement, the parties have completed several milestones including (i) a feasibility phase, (ii) material upgrades to Globalstar’s ground network to enhance redundancy and coverage, (iii) construction of 10 new gateways around the world, (iv) the successful launch of the ground spare satellite, and (v) rigorous in-field system testing. The Partnership Agreements generally require Globalstar to allocate network capacity (as described below) to support the Services and provide for the inclusion of Globalstar’s Band 53/n53 in Partner’s cellular-enabled devices that use the Services, for use by third parties, subject to certain terms and conditions. It is currently expected that Partner will make the Services available to customers during the fourth quarter of 2022 (the “Service Launch”). There is no assurance that the Service Launch will occur or, if it does occur, that the Services and the revenues and other consideration expected to be received under the Partnership Agreements will be fully realized or will continue. Certain terms of the Partnership Agreements are further described below. The description of the Terms Agreement is qualified in its entirety by the text of such agreement, which the Company has filed as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference.
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Post by CdnPhoto on Sept 13, 2022 7:38:26 GMT -8
There’s nothing quite like a dose of reality to start the day. Used it as an opportunity to go shopping. Picked up some of those Jan 2025 LEAPS
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Sept 13, 2022 7:51:26 GMT -8
The direction of AAPL (and other consumer stocks) is dependent on the Fed. Todays CPI data implies that the Fed will continue to raise rates in an effort to hurt the economy (or “cool down” the economy). Lower home values, lower stock prices, hiring freezes, layoffs — that’s what the fed wants — because it’s the only tool they have to lower inflation. Bulls were hoping that inflation was starting to cool already because of lower gas prices. But todays report dashed that hope. Energy prices were down but other prices were up, particularly rent. Fed will continue to be aggressive. Just wait until winter hits and see what happens to energy prices. 📈
There are going to be some expensive lessons. And in Europe it will go beyond money and be exacted in lives.
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Post by archibaldtuttle on Sept 13, 2022 8:02:06 GMT -8
Agreed. The problem is the only tool the Fed has is to trash the economy to reduce prices. Think of factories and restaurants shuttering, laying off workers, which reduces the demand for energy and eventually lowers the rate of growth in stickier prices such as rent.
The reason why “apple products are selling so well” doesn’t matter right now, is no one knows how bad the economy might have to get in order to reduce inflation.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Sept 13, 2022 8:29:29 GMT -8
I hadn't seen that so many had expected tumbling inflation, and that it was already priced into the market. That's the biggie for today. It's like the family car is cruising down the freeway towards Disneyland, and then suddenly the driver takes the next exit and instead starts heading the opposite way. Fun times! We'll be in this volatile space for a while, even if it's decently off the bottom. Due to that, and after a nice green day, I had just been thinking about taking some off the table...at $172-175 Hmmmm In other news, the 20, 50 and 200 day moving averages for AAPL are amazingly close to each other right now. This morning it was less than a $4.50 spread, so less than 3%. I know people talk about the times where one crosses over the other, being good or bad depending on the direction. I have no idea if when all 3 touch it's a good thing, a bad thing, or a clip right out of Ghost Busters. "Don't cross the lines!!!" AAPL will get through this, even if things are a little choppy for a while. Sometimes it takes the bad days to appreciate the good, just like seeing our clean air outside again, after days of smoke from the Mosquito fire. The psychology studies are right. $6.50 down feels worse than $6.50 up.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,438
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Post by chinacat on Sept 13, 2022 10:08:45 GMT -8
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Post by archibaldtuttle on Sept 13, 2022 11:02:51 GMT -8
If it closes down here, it will be basically tied for AAPL's worst % day since the 2020 pandemic crash.
Update: after dropping more, today is AAPL’s worst day on a percentage basis since March 20, 2020.
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Post by zebrum on Sept 13, 2022 12:03:20 GMT -8
We really only lost 2 days of gains, but it is disappointing to be so close to the low again.
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Post by duckpins on Sept 13, 2022 12:03:32 GMT -8
What happens tomorrow? Last I looked not 1 DOW or Nasdaq 100 stock was up, nor one of the ETFs I follow on sections. 1276 puts us at 7th worst loss in Dow history. 632 as 4th worst loss in Nasdaq History. The war is spiking energy costs and food costs. Lets hope some one wise can end it soon. Otherwise the Fed is going to be raising rates for a while.
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Post by Lstream on Sept 13, 2022 13:05:22 GMT -8
What happens tomorrow? Last I looked not 1 DOW or Nasdaq 100 stock was up, nor one of the ETFs I follow on sections. 1276 puts us at 7th worst loss in Dow history. 632 as 4th worst loss in Nasdaq History. The war is spiking energy costs and food costs. Lets hope some one wise can end it soon. Otherwise the Fed is going to be raising rates for a while. These drops need to be measured in percentage terms to be meaningful. Unless one’s goal is to be maximally alarmist.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,241
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Post by JDSoCal on Sept 13, 2022 13:36:32 GMT -8
I thought we could all use a laugh today.
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4aapl
Moderator
Posts: 3,867
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Post by 4aapl on Sept 13, 2022 16:24:47 GMT -8
What happens tomorrow? Last I looked not 1 DOW or Nasdaq 100 stock was up, nor one of the ETFs I follow on sections. 1276 puts us at 7th worst loss in Dow history. 632 as 4th worst loss in Nasdaq History. The war is spiking energy costs and food costs. Lets hope some one wise can end it soon. Otherwise the Fed is going to be raising rates for a while. These drops need to be measured in percentage terms to be meaningful. Unless one’s goal is to be maximally alarmist. True But on AAPL, while it was "only" a 5.87% loss, today was the largest dollar drop I ever had. Just as it probably was for many here. Less than 6% isn't too bad, historically. Just the same, while I'm not worried about AAPL over the longer term, and can ignore things over the shorter term, I'd rather not have more days like this one.
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Post by hledgard on Sept 13, 2022 17:23:33 GMT -8
The China-Taiwan issue is always lurking for Apple. From the view of AAPL, staying our of this potential conflict would be good. If China tries to take over Taiwan and US gets involved, Apple stock may really tank.
I do not at all mean the above to be political, just a likely outcome.
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Post by Lstream on Sept 13, 2022 18:41:52 GMT -8
Ya, no doubt today entirely sucked. Might be my biggest dollar drop as well. EVERYTHING was down. Except for one of my Canadian energy stocks who increased their dividend yesterday. Those companies are printing money.
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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 Sept 14, 2022 2:36:48 GMT -8
Ya, no doubt today entirely sucked. Might be my biggest dollar drop as well. EVERYTHING was down. Except for one of my Canadian energy stocks who increased their dividend yesterday. Those companies are printing money. Any recommendations? I see that ENB.TO is topped ranked in this story. 15 Best Energy Stocks In Canada (Sep 2022): Oil, Gas, And More
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