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Post by CdnPhoto on Oct 20, 2023 3:14:49 GMT -8
AAPL is currently at $175.06 -0.40 (-0.23%) RSI is 48.77
We've suffered 5 straight negative days. How much longer will this go on?
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Post by zebrum on Oct 20, 2023 4:25:41 GMT -8
Since it's Friday I'd guess at least 1 more negative day đ
Anyone that bought into the ARM IPO might need to sell some AAPL to average down. Same for those wanting to grab TLSA at a bargain.
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Oct 20, 2023 5:26:12 GMT -8
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chinacat
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AAPL Long since 2006
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Post by chinacat on Oct 20, 2023 6:52:27 GMT -8
Iâve already mentioned what I think he is currently doing, as evidenced by the recent investments in India. He will continue develop alternatives to China in order to reduce risks associated with actions taken by China. Will this happen overnight? Of course not, and we have not yet seen any direct reactions from China. But the statements above from Ding and Tim indicate to me that both parties are aware that the best approach is to strengthen their investment in the relationship.
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chinacat
Moderator
AAPL Long since 2006
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Post by chinacat on Oct 20, 2023 7:47:34 GMT -8
Bloomberg has Apple Investors Face $340 Billion Hole as Woes Mount. The whole article is one big âYeah, butâŚâ. For example: âApple has some of the weakest growth among the megacaps, but the stock hasnât de-rated to multiples it saw in previous periods when it wasnât growing,â âAbate believes that investors should hedge against Appleâs valuation risk through put options, due to its âsystemicâ importance to the stock market.â âWeâre very cautious about adding to positions here, but would love to buy at a lower price.â Well, duh!
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4aapl
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Post by 4aapl on Oct 20, 2023 12:03:54 GMT -8
So does anyone want to make a guess about what Tim will do? Will he continue to increase Apples investments and dependence on China or will he continue to withdraw? He can't do both. Actually I think Apple could. They could work on splitting out high volume current product production to more sites/countries. Maybe in the 5 year timeframe, Apple manages to have half of iPhone production done elsewhere. But for new products, maybe they increase their investment and dependence. Something like the Apple Vision Pro won't have the volume at first to need or warrant multiple production sites. There's lots of variables that most of us just don't know, like various costs, shipping, timing and availability of sub-parts. While in a perfect world it might seem great to have production and assembly at a variety of locations close to the end users, at some point you get to other problems with that of added costs and complexity. A homesteader might be proud of doing it all for themselves, but that's a lot of tools and knowledge, and they probably don't have a spare transmission for their one tractor, which is a problem if it goes out right when they need it. Given how Apple has talked in the past of wanting multiple suppliers, I imagine on a high volume product they want 2-3, though that might not be split evenly. I believe Apple's medium term goal is to get 33-50% of iPhone final assembly to be done outside of China. This would diversify the mix, while still taking advantage of some of the regional advantages that cause so much of production to be there currently.
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4aapl
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Post by 4aapl on Oct 20, 2023 12:32:24 GMT -8
AAPL is currently at $175.06 -0.40 (-0.23%) RSI is 48.77 We've suffered 5 straight negative days. How much longer will this go on? RSI is now down to 40. FWIW, it's worth looking at the 3 or 6 month chart, for AAPL and for just about all indexes, competitors, and big "tech" companies. Most have the same thing, of 3 big peaks, but all getting a little lower. And current values are normally what was seen around the start of June. This is a big thing. The markets just got too excited, pushing things to rise quicker than what sustainable given what is actually happening in primarily the economy, but also politics, the globe, and so on. At some point things will be ready to take off, and a push forward on stock prices in anticipation of future earnings will hold. But so far it looks like investors were too amped up while prepping for the race to begin, and instead had a false start. One question is if this will continue, or people will wait for actual news. And the general feeling is important to try to understand, if we want to guess at how Apple's earnings and forecast will be interpreted. ...or we just sit back and see how things are looking a week after earnings, around the time that people start to get jumpy before Black Friday.
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