aapl
fire starter
Posts: 184
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Post by aapl on Oct 19, 2023 2:18:11 GMT -8
Ugh...premarkets showing more red...$175.42 -$0.42 (-0.24%)
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,113
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Post by Dave on Oct 19, 2023 4:59:45 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,113
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Post by Dave on Oct 19, 2023 5:08:34 GMT -8
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Post by CdnPhoto on Oct 19, 2023 6:13:33 GMT -8
TSLA and NFLX had their earnings last night.
At this time, TLSA is -6.88% while NFLX is +16.30%
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,113
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Post by Dave on Oct 19, 2023 8:16:05 GMT -8
TSLA and NFLX had their earnings last night. At this time, TLSA is -6.88% while NFLX is +16.30% Like, wow. Who would have guessed that raising your prices would have increased your subscription base. Or that people would go for advertising. These were some bold moves that paid off. Netflix Gains Most in Nearly Three Years on Subscriber Jump
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Post by Luckychoices on Oct 19, 2023 11:26:38 GMT -8
It's interesting to me that Bloomberg can put out their usual Apple hit piece: Apple Investors Face $340 Billion Hole as Woes Mount • Negative growth and high valuation weaken arguments for buying• Analysts are growing more cautious about the stock’s prospects**But if one actually *reads* the article instead of just going by the title, perhaps Apple is not doomed after all: “There are always challenges, but this does seem like a trickier time, especially with the multiple being at the high end of the historical range,” said Michael Kirkbride, portfolio manager at Evercore Wealth Management. “We’re very cautious about adding to positions here, but would love to buy at a lower price.”**IOW...we're not buying *now*...but we would do so if AAPL goes lower. And of course, I would love to ask, "Did you buy during the first week of this year when AAPL was <$130... BLOCKHEADS?" and “Apple remains a top brand globally, it has unparalleled supply-chain expertise, and its free cash flow means that the return of capital is historically different than you get at other companies. It’s worth sticking around for that.”
**So for long-term holders of AAPL, don't panic..."it's worth sticking around".
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4aapl
Moderator
Posts: 3,649
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Post by 4aapl on Oct 19, 2023 18:27:47 GMT -8
It's interesting to me that Bloomberg can put out their usual Apple hit piece: **So for long-term holders of AAPL, don't panic..."it's worth sticking around". FWIW, I started thinking about picking up a few more shares at the start of the week, just thinking about a short term gain of maybe 10 a share. Mainly because of all of this, on no real news. OTOH, the RSI is only down to 45, and while it might not be on any real news, it could be more marketwide as the market decides that things are unlikely to bounce back for the economy, even if things don't look as bad as they were previously expected they might. And for AAPL, some might not feel great looking at the 6 month chart, and seeing 3 lower highs. It's nice to be a long term holder and just mostly not worry about any of this. Sometimes it is tempting to make some shorter term purchases, but then paralysis by analysis starts to set in.
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