aapl
fire starter
Posts: 179
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Post by aapl on Jan 2, 2024 5:36:22 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
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Post by Dave on Jan 2, 2024 5:56:04 GMT -8
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
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Post by Dave on Jan 2, 2024 6:08:04 GMT -8
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Post by socal Film Composer on Jan 2, 2024 6:23:38 GMT -8
reverse January effect - those who want to take profits to put elsewhere for the year, can sell and not pay taxes for 15 months - go ahead - we'll still be here LONG!
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mark
fire starter
Posts: 1,552
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Post by mark on Jan 2, 2024 7:10:41 GMT -8
These kinds of things are hilarious. It's like they're telling us that their model is SO accurate that even $1 difference is meaningful. He's essentially saying "Well, when I thought it was worth $161, I would hold it, but how that I think it is worth $160, forget it, sell it instead." LOL, looks like the stock opened at about $188, close to my prediction for the close last year!
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Post by zebrum on Jan 2, 2024 7:48:50 GMT -8
We've recently had 2 dips that didn't lead to a crash so sadly this might be the big one.
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ems
Member
Posts: 97
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Post by ems on Jan 2, 2024 8:29:33 GMT -8
Feels oversold, along with a bunch of other stuff like in tech today. Probably a bounce tomorrow, even if of the dead-cat variety.
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Ted
fire starter
Posts: 882
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Post by Ted on Jan 2, 2024 8:55:30 GMT -8
We've recently had 2 dips that didn't lead to a crash so sadly this might be the big one. Umm... maybe, but your logic eludes me. A crash is inevitable?
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Post by duckpins on Jan 2, 2024 9:30:26 GMT -8
Went down by a third or so year before last. That is enough for a profitable company. This year should be good. Not sure the sales are so bad with the phone?
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Post by macster on Jan 2, 2024 9:30:43 GMT -8
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Post by archibaldtuttle on Jan 2, 2024 11:55:54 GMT -8
Feels like Aug 2023 or Jan 2022...
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Dave
Member
"It's tough to make predictions, especially about the future." Yogi Berra
Posts: 4,103
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Post by Dave on Jan 2, 2024 12:11:29 GMT -8
I can understand this economist fear. This housing market is very over inflated with ridiculously high prices. It would be easily compatible to the housing market leading up to the crash of 2008. I often thought that one of the reasons that the Fed felt driven to drastically raise the interest rates this past year was to have the ability to lower them if/when the need arose.
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bud777
fire starter
Posts: 1,352
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Post by bud777 on Jan 2, 2024 16:27:52 GMT -8
Given economists' inability to forecast the recession. It is revealing that he lowers his forecast by .625%. Either he doesn't understand the difference between accuracy and precision or he is intentionally trying to give hie forecast some credibility. His thesis would be much more credible if he had the guts to include precision in his forecast. Something like "Based in 90 day historical volatility,There is a 95% chance that AAPL will be between 152 and 234 between now and June 1, 2024. Thats all I know" Somehow, I don't see people paying much attention to that.
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Post by Luckychoices on Jan 2, 2024 17:28:29 GMT -8
It's tough to start the year having AAPL drop -3.58% for the *day*...however, I think it's worthwhile for long-term AAPL *investors* to remember that AAPL has some really bad *years* since 2001.
AAPL was down -35% in 2002, -57% in 2008, -5% in 2025, -6.8% in 2018 and -26.8% in 2022...and yet AAPL is up 68,656% since the first market day of 2001. Those who dumped their AAPL in 2002 made a bad decision, IMO...as did those who avoided AAPL because of that bad year in 2002.
For long-term AAPL investors, I believe 2024 will be a great year for AAPL...and I believe the Apple Vision Pro, for example, will surprise many skeptics with how popular it proves to be, regardless of its high price tag.
Cheers to the AAPL Longs and a happy 2024 to *all* AAPL investors...except for those who short the stock!
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