Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Oct 26, 2022 1:43:03 GMT -8
Good morning. Can we keep this trend moving forward into tomorrow’s earnings report? Let’s find out. This morning’s pre-market is red at -0.93% at this moment.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Oct 26, 2022 2:22:04 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Oct 26, 2022 6:36:17 GMT -8
Tech is not being treated nicely today, except for Tesla. But we’re only about an hour into this trading session and (almost) anything is still possible.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Oct 26, 2022 7:15:58 GMT -8
Tech is not being treated nicely today, except for Tesla. But we’re only about an hour into this trading session and (almost) anything is still possible. The market reacted to Tesla dropping prices in China and seems to be having second thoughts. I think Musk is following Henry Ford's playbook. The original Model T sold for $867 but over the years improvements in manufacturing (e.g. the invention of the assembly line) lowered costs to manufacture and the selling price dropped to $350+. I see Teslas's ability and willingness to drop prices as a positive sign. Maybe the market does too. I don't think Apple needs to follow this strategy. Right now, the biggest threats are the Fed and overzealous regulators. Just my humble opinion
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Post by archibaldtuttle on Oct 26, 2022 11:36:11 GMT -8
It's not the worst thing for AAPL to move sideways or show weakness before an earnings report. Low expectations going into an ER can be good for post ER performance.... If earnings (and especially guidance) are good.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Oct 26, 2022 11:47:37 GMT -8
I've seen this movie before. A good report brings us back to where we were yesterday. A report with any hint of weakness justifies another step-down
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 26, 2022 12:01:06 GMT -8
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Post by CdnPhoto on Oct 26, 2022 12:27:44 GMT -8
META misses top and bottom EARNINGS: Meta Platforms Q3 EPS $1.64 vs. $1.89 Est.; Q3 Revs. $27.71B vs. $27.38B Est down over 10% AH
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Post by Luckychoices on Oct 26, 2022 13:03:52 GMT -8
Seeking Alpha is awash with articles and comments regarding Apple's earnings report on Thursday. Many authors and commenters are expecting the share price to drop further after earnings...and in response to an article questioning whether AAPL would reach $200/share in 2023, one reader commented, "Bet it reaches $100 first."
I replied, "Bet it doesn't. But, if I'm wrong, my wife and I will be pleased that our continued dripping of AAPL dividends will buy even more new AAPL shares at that lower price.
The new shares added by our August 2022 AAPL dividends were purchased at $170.31...and yet the average cost basis of our dividend-purchased shares since 2012 is $41.77. Adding new AAPL shares at $100/share or lower is not a scary thought in the least. 😎"
For long term AAPL investors, these ups and downs of the stock price shouldn't be a cause for concern, IMO. The market seems eager to pour money into whatever stock appears to be a quick moneymaker at the moment and I don't think most long term AAPL investors have that same thought process. It's the company in which we're investing, not the opinion of the analysts.
The extreme variation of the AAPL share price this year has seemed irrational to me...and I can, and will, hold AAPL longer than the market can remain irrational.
Cheers to the very patient AAPL Longs!!
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Post by zebrum on Oct 26, 2022 14:05:39 GMT -8
META misses top and bottom EARNINGS: Meta Platforms Q3 EPS $1.64 vs. $1.89 Est.; Q3 Revs. $27.71B vs. $27.38B Est down over 10% AH Meta 20% down now. Weird it went up 8% originally though! We should prob expect Apple after earnings down 10-20%
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Post by archibaldtuttle on Oct 26, 2022 16:21:21 GMT -8
META down 73% from its peak. Would've been a great short.
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Oct 26, 2022 17:57:16 GMT -8
We should prob expect Apple after earnings down 10-20% given Tim isn't the brightest spark Yeeaahh…I’m so disappointed with the company’s performance since he’s been in charge. Really a big mistake by Steve. <eyeroll>
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,099
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Post by Dave on Oct 27, 2022 2:03:50 GMT -8
META down 73% from its peak. Would've been a great short I feel no sorrow for Facebook and those that have guided the corporation. I realize that a great deal of money has been made by those that have invested in this company through the years and I hope that many have seen the “writing on the wall” and took their profits early on. But I feel for those that refused to let go and are feeling the pain of regret. Facebook was a house built on deception and greed and all that it took was the exposure and option that Apple offered to its customers for that house to crumble.
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