Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Nov 30, 2022 2:04:43 GMT -8
Good morning. Today’s pre-market is green at +0.81% at this moment. Today we have several news items happening that can have an influence on the market.
Remember, this is also the last day of this month.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Nov 30, 2022 2:20:44 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Nov 30, 2022 2:30:50 GMT -8
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Post by Lstream on Nov 30, 2022 4:05:59 GMT -8
America is the only country in the world where the government would attack one of its global success stories. But here we go. I think it’s insanity, especially with the protective BS coming out of Europe. Cook needs to be doing this lobbying, but he should not have to. It is no business of the government on what Apple charges in the App Store, and to side with the whiners who want to take advantage of what Apple has built, without properly paying for it. Samsung must be nodding and smiling its approval, and hoping that the US government can do what they cannot. Weaken Apple so that they can profit from it. I am deliberately avoiding the content moderation issue, for obvious reasons. We don’t need this board re-descending into a political rat hole.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,182
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Post by JDSoCal on Nov 30, 2022 8:10:01 GMT -8
America is the only country in the world where the government would attack one of its global success stories. But here we go. I think it’s insanity, especially with the protective BS coming out of Europe. Cook needs to be doing this lobbying, but he should not have to. It is no business of the government on what Apple charges in the App Store, and to side with the whiners who want to take advantage of what Apple has built, without properly paying for it. Samsung must be nodding and smiling its approval, and hoping that the US government can do what they cannot. Weaken Apple so that they can profit from it. And ordinarily, Top GOP Lawmakers and I would agree with you. But Apple has enormous power and is seen by many to be abusing it and hurting consumers, the main purpose of antitrust law. As I have warned here many times, Apple pissing off the politicos who are ordinarily anti-antitrust is foolish, should be a canary in the coalmine for Apple observers and investors, and will come back to bite Apple, as Tom Cotton pointed out. (And I'd remind you that the Big Tech Antitrust Bills are sponsored by Democrats like Amy Klobuchar). So yeah, the hate is bipartisan and thus not political. "Should not have to" ignores reality, and Tim should already be far out ahead of it by building relationships on both sides of the aisle. I'm going to be honest here. I've been long AAPL for 30 years, and have been an Apple product user and evangelist longer than that. Until recently, I always used to get super defensive any time I heard Apple criticized. But now, honestly, I can't argue with what is being said. If Tim "Fundamental Human Rights" Cook really does think users (and stockholders) like myself don't deserve free speech on iOS, Apple deserves whatever comeuppance DC has planned for it. Now when my friends send me anti-Apple memes, I just laugh.
The main reason I first bought AAPL was it was beloved by customers and had an abundant supply of good will. Recall even Rush Limbaugh was a huge Mac guy. But Apple has burned through a lot of that good will to the point where most of my Twitter feed is talking about dumping their iPhones. Only a simpleton could think that's a good thing for the company and investors.
Unfortunately, this board and a lot of the Apple commentariat (even AAPL Investor News didn't have a single story on the China Airdrop kerfuffle) has become an echo chamber, defending any and everything Tim Cook does. If Apple did kill airdrop in China under orders from Xi or his minions - and at this point, I really don't know what to think, since the mainstream news media has mostly ignored the story - Cook should step down and never utter the words "human right" again (sorry peeps, I don't consider it a settled issue just because Apple issues a denial). Best case, it is super sus timing and a major PR fuckup.
And for the usual parrot squawk of "dUr HuR if you don't like it sell the stock," again for the millionth time, I have tax issues and I am not going to sell my stock en masse well below its ATH just to make a point. But if I were all cash, I would not buy the company today under its current leadership. I really am not a proud stockholder at this point. To me Apple is now just an investment vehicle. Hope it goes up, but how do I sell iPhones to my friends and fam when I don't even believe in the company any more? What is the Next Big Thing that Tim has launched under his regime? Censorship? I'm sure a lot of you will reflexively defend Apple here, and that's fine. Echo away! But Keep in mind I've been long AAPL longer than most here, so what I am saying should at least give you some pause. If Apple has made me - one of the most anti-regulation guys on the planet - throw up his hands and say, "screw them, they are abusing the privilege of Section 230," that should make you at least think.
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Post by Lstream on Nov 30, 2022 8:56:25 GMT -8
Ya, I am thinking for sure. You and I are in a similar tax situation. I am slowly selling every year. But we are likely doing it for different reasons. I don’t trust congress one little bit, with the lunatic fringe in charge. A former wrestling coach in a position of power on these matters? WTF does he know about sensible tech policy?
I think they could very well do something stupid re Apple at any time. And ya, China (including a potential Taiwan invasion)is a risk too. I don’t see much share appreciation happening in the current climate.
We can agree to disagree on this free speech oversimplification. I think racism, anti-vax lies, organized hate re sexual preference, sedition, inciting violence, and other low life crap needs moderation.
And one more thing on the echo chamber commentary. I am not going to defend Cook blindly, but I certainly will when I see comments on issues like manufacturing in China who apparently have zero clue on the logistics and tech issues in manufacturing products in the costs and volumes like Apple does. Armchair quarterbacks with zero relevant experience on complex issues also represent an echo chamber in here. Without even a sniff of self awareness that they have no clue on what Cook and Apple are up against.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Nov 30, 2022 11:14:51 GMT -8
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Ted
fire starter
Posts: 882
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Post by Ted on Nov 30, 2022 11:57:32 GMT -8
Tim is methodically unwinding the China reliance issue. I trust his wisdom and top notch CEO judgment here. Also who are all these head-in-sand Apple zealots and echo chamber participants and where can I meet them? 😉 Really, in this day and age and investing environment, everybody needs to be on guard and very defensive when holding large positions in any public company. www.ped30.com/2022/11/30/apple-china-decoupling/" In 5 years, Apple's supply chain fell from 44% Chinese to 36%"
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,426
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Post by chinacat on Nov 30, 2022 12:38:40 GMT -8
Wow! It is truly stunning to compare the effects from regulatory changes versus actual company performance, not that I am complaining at the moment.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Nov 30, 2022 13:47:20 GMT -8
Wow indeed. Not only a big jump in Apples share price, but also a big jump in the number of people posting today. Let’s see, what type of crap can I stir up tomorrow?
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Post by Lstream on Nov 30, 2022 14:02:37 GMT -8
Wow indeed. Not only a big jump in Apples share price, but also a big jump in the number of people posting today. Let’s see, what type of crap can I stir up tomorrow? I have great and unwavering faith in you.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,090
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Post by Dave on Nov 30, 2022 14:34:16 GMT -8
Wow indeed. Not only a big jump in Apples share price, but also a big jump in the number of people posting today. Let’s see, what type of crap can I stir up tomorrow? I have great and unwavering faith in you. Sorry, but I can’t wait till tomorrow. I just watched this. He posted this about 11 hours ago. Peter Zeihan on China
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Post by firestorm on Nov 30, 2022 16:37:03 GMT -8
America is the only country in the world where the government would attack one of its global success stories. But here we go. I think it’s insanity, especially with the protective BS coming out of Europe. Cook needs to be doing this lobbying, but he should not have to. >It is no business of the government on what Apple charges in the App Store, and to side with the whiners who want to take advantage of what Apple has built, without properly paying for it. Samsung must be nodding and smiling its approval, and hoping that the US government can do what they cannot. Weaken Apple so that they can profit from it. And ordinarily, Top GOP Lawmakers and I would agree with you. But Apple has enormous power and is seen by many to be abusing it and hurting consumers, the main purpose of antitrust law. As I have warned here many times, Apple pissing off the politicos who are ordinarily anti-antitrust is foolish, should be a canary in the coalmine for Apple observers and investors, and will come back to bite Apple, as Tom Cotton pointed out. (And I'd remind you that the Big Tech Antitrust Bills are sponsored by Democrats like Amy Klobuchar). So yeah, the hate is bipartisan and thus not political. "Should not have to" ignores reality, and Tim should already be far out ahead of it by building relationships on both sides of the aisle. I'm going to be honest here. I've been long AAPL for 30 years, and have been an Apple product user and evangelist longer than that. Until recently, I always used to get super defensive any time I heard Apple criticized. But now, honestly, I can't argue with what is being said. If Tim "Fundamental Human Rights" Cook really does think users (and stockholders) like myself don't deserve free speech on iOS, Apple deserves whatever comeuppance DC has planned for it. Now when my friends send me anti-Apple memes, I just laugh.
The main reason I first bought AAPL was it was beloved by customers and had an abundant supply of good will. Recall even Rush Limbaugh was a huge Mac guy. But Apple has burned through a lot of that good will to the point where most of my Twitter feed is talking about dumping their iPhones. Only a simpleton could think that's a good thing for the company and investors.
Unfortunately, this board and a lot of the Apple commentariat (even AAPL Investor News didn't have a single story on the China Airdrop kerfuffle) has become an echo chamber, defending any and everything Tim Cook does. If Apple did kill airdrop in China under orders from Xi or his minions - and at this point, I really don't know what to think, since the mainstream news media has mostly ignored the story - Cook should step down and never utter the words "human right" again (sorry peeps, I don't consider it a settled issue just because Apple issues a denial). Best case, it is super sus timing and a major PR fuckup.
And for the usual parrot squawk of "dUr HuR if you don't like it sell the stock," again for the millionth time, I have tax issues and I am not going to sell my stock en masse well below its ATH just to make a point. But if I were all cash, I would not buy the company today under its current leadership. I really am not a proud stockholder at this point. To me Apple is now just an investment vehicle. Hope it goes up, but how do I sell iPhones to my friends and fam when I don't even believe in the company any more? What is the Next Big Thing that Tim has launched under his regime? Censorship? I'm sure a lot of you will reflexively defend Apple here, and that's fine. Echo away! But Keep in mind I've been long AAPL longer than most here, so what I am saying should at least give you some pause. If Apple has made me - one of the most anti-regulation guys on the planet - throw up his hands and say, "screw them, they are abusing the privilege of Section 230," that should make you at least think.
< Well stated, if you are talking about Elon and Tesla, of which I sold all my shares after he went bat shiite crazy. Meanwhile, Tim Cook meets with Gym Jordan so that he can help navigate Apple through red waters. Kudos to Tim.
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mark
fire starter
Posts: 1,552
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Post by mark on Dec 1, 2022 10:11:05 GMT -8
[Tim should already be far out ahead of it by building relationships on both sides of the aisle. I agree with this and I suspect that he and others at Apple (and at their lobbying contractors) are indeed doing so whenever possible. But keep in mind that politicians, being politicians, even "bought" politicians, will always use their position, at least verbally, to help ensure their power base and next re-election. Always and without exception. Can you give us some examples of Apple abusing sec 230? Last I checked, Apple App Store has Epoch Times, Parler, 2nd1st, etc, so it doesn't appear that they are censoring Conservative speech. So what exactly are you referring to? 1. I doubt this is the case. The feature was discussed and developed long before the current protests in China. The main stated pupose was to reduce th incidence of unwanted photos popping up on screens (aka "dickpics"). 2. The feature will be rolled out worldwide pretty soon. It is quite possible that China was simply a large test market. 3. Let's say the leaders of China required the change. What do you suggest Apple do instead? Should they refuse to meet the regulations required to sell products in China and stop selling there? Should they alienate Chinese leaders such that suddenly huge supply chain issues pop up at the most inopportune times?
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