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Post by CdnPhoto on Jul 5, 2024 3:37:02 GMT -8
AAPL is currently trading at $221.44 -0.11 (-0.05%) It was slightly green a moment ago. RSI is 71.33
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Post by artman1033 on Jul 5, 2024 5:42:59 GMT -8
AAPL ALL TIME HIGH!$226.45All Time Highest TODAY intraday 58,797,569 shares traded today
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4aapl
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Post by 4aapl on Jul 5, 2024 5:56:33 GMT -8
AAPL up, getting to mid 223 a few minutes ago. Unemployment up a tick, though job creation a little more than expected. Looks like Zuck was at it again. Outlandish. But a good bet on what goes viral, while the flag hits the 4th, and the beer makes him a more common person than a tux and expensive hobby would push at. www.cnn.com/2024/07/04/us/video/mark-zuckerberg-fourth-of-july-instagram-digvidI'm not seeing any huge open interest numbers for calls or puts, for today's expiration or the next 2. There's some, but no crazy big numbers. Maybe there will be a push at the end. OTOH, those "evil overlords" might stick with a specific stock for a couple weeks, and then switch before too many others try to feed off a pattern. And now $224. Fun times!
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Post by CdnPhoto on Jul 5, 2024 6:12:25 GMT -8
BTW, 4aapl, $224 was your year end target.
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Post by montegn on Jul 5, 2024 6:36:32 GMT -8
A novice looking at technicals/ chart. Price and moving averages look positive. But, isn't the RSI hitting a bit high and ready for a cooling off?
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Ted
fire starter
Posts: 890
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Post by Ted on Jul 5, 2024 7:26:42 GMT -8
A novice looking at technicals/ chart. Price and moving averages look positive. But, isn't the RSI hitting a bit high and ready for a cooling off? Hey Montegn. Yes, an RSI over 70 is considered over-bought, but that rule of thumb and metric don’t always run the show. While AAPL is likely to consolidate at this level before moving up too much further, investor sentiment is driving this and people are usually irrational. As the apparent? new leader of the AI craze, Apple has some good mojo going for it now. Let’s see where this leads…
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Jul 5, 2024 7:41:08 GMT -8
Options expiry:
42,138 $225 calls, 238 $225 puts.
Cheers to the longs 🍻.
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Post by benoir on Jul 5, 2024 9:56:58 GMT -8
BTW, 4aapl, $224 was your year end target. Hit mine too. So hoping I lowballed it and your target is closer to the mark 🎯
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Post by montegn on Jul 5, 2024 10:05:44 GMT -8
Ted-Thank you for the info. Now if I can only learn how to "reply" properly ![:)](//storage.proboards.com/forum/images/smiley/smiley.png)
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Ted
fire starter
Posts: 890
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Post by Ted on Jul 5, 2024 10:48:38 GMT -8
Amazon once again proves its uncanny business acumen by quickly killing a very expensive business robot. arstechnica.com/gadgets/2024/07/amazon-is-bricking-2350-astro-robots-10-months-after-release/"Amazon said it would refund customers $2,350 and give them a $300 Amazon credit. It also said it would refund unused, prepaid subscription fees. Amazon has declined to share how many robots it sold, but it's unfortunate to see such an expensive, complex piece of technology become obsolete after less than a year. Amazon hasn't shared any ways to make further use of the devices, and spokesperson Courtney Ramirez told The Verge that Astro for Business can't be used as a home robot instead. Amazon's email to customers encourages owners to recycle Astro for Business through the Amazon Recycling Program, with Amazon covering associated costs." ![](https://cdn.arstechnica.net/wp-content/uploads/2024/07/Astro_for_Business_2.jpg)
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4aapl
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Post by 4aapl on Jul 5, 2024 10:55:10 GMT -8
BTW, 4aapl, $224 was your year end target. It's a win win scenario, where I win a lot more if it turns out my guess was too conservative. Sounds good to me. Based on one of the big overly bullish runs 4-5 years ago, a 35 TTM P/E is pretty high, and at that time a 40 TTM P/E was the peak, seen for mere days. Currently that's at about $260 A forward looking P/E is harder to guess at. A 12% increase in YOY earnings and a 35 P/E of that would give $252. 20% YOY earnings increase at 35 makes for $270. But those compounding unknowns, both of future earnings and of future investor emotions, just makes those potential error bounds huge. Offhand, I'd put a 40% chance on a run to ~240-250 on good earnings and outlook, and then a pullback to this level by the end of the year. But just like the last 60 minutes of the Euro2024 game that just finished between Spain and Germany, at times you could see it going either way.
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Post by CdnPhoto on Jul 5, 2024 11:22:42 GMT -8
Ted-Thank you for the info. Now if I can only learn how to "reply" properly ![:)](//storage.proboards.com/forum/images/smiley/smiley.png) select the Quote button when replying if you want to include the quote that you're replying to.
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JDSoCal
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Post by JDSoCal on Jul 5, 2024 12:15:01 GMT -8
Blew through those $225 calls, very bullish.
There is a nonzero chance that Apple has a robot project or two brewing. This is why being first isn't always best.
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Post by duckpins on Jul 5, 2024 15:47:57 GMT -8
Blew through those $225 calls, very bullish. There is a nonzero chance that Apple has a robot project or two brewing. This is why being first isn't always best. Arisa? or Arnold? I'd just like a vacuum that works easily and how about one that picks up the tennis balls and puts them back in the ball machine?
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Post by montegn on Jul 5, 2024 17:27:35 GMT -8
Ted-Thank you for the info. Now if I can only learn how to "reply" properly ![:)](//storage.proboards.com/forum/images/smiley/smiley.png) select the Quote button when replying if you want to include the quote that you're replying to. Thank you, we'll see if I did it correctly
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JDSoCal
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Aspiring oligarch
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Post by JDSoCal on Jul 5, 2024 20:06:41 GMT -8
Blew through those $225 calls, very bullish. There is a nonzero chance that Apple has a robot project or two brewing. This is why being first isn't always best. Arisa? or Arnold? I'd just like a vacuum that works easily and how about one that picks up the tennis balls and puts them back in the ball machine? I want a robot to deep clean my house. And help my parents too and from the bathroom. And cook. And do the dishes. And the laundry.
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Dave
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"It's tough to make predictions, especially about the future." Yogi Berra
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Post by Dave on Jul 6, 2024 1:08:00 GMT -8
Amazon once again proves its uncanny business acumen by quickly killing a very expensive business robot. arstechnica.com/gadgets/2024/07/amazon-is-bricking-2350-astro-robots-10-months-after-release/"Amazon said it would refund customers $2,350 and give them a $300 Amazon credit. It also said it would refund unused, prepaid subscription fees. Amazon has declined to share how many robots it sold, but it's unfortunate to see such an expensive, complex piece of technology become obsolete after less than a year. Amazon hasn't shared any ways to make further use of the devices, and spokesperson Courtney Ramirez told The Verge that Astro for Business can't be used as a home robot instead. Amazon's email to customers encourages owners to recycle Astro for Business through the Amazon Recycling Program, with Amazon covering associated costs." You’ve gotta admit that refunding everyone’s money, plus a little extra, was very generous. Most companies would have simply pulled the plug on the device and that would have been it. I like shopping at Amazon and this an example of why they have become so successful in the marketplace .An example for others to follow.
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4aapl
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Post by 4aapl on Jul 6, 2024 6:03:38 GMT -8
Amazon once again proves its uncanny business acumen by quickly killing a very expensive business robot. arstechnica.com/gadgets/2024/07/amazon-is-bricking-2350-astro-robots-10-months-after-release/"Amazon said it would refund customers $2,350 and give them a $300 Amazon credit. It also said it would refund unused, prepaid subscription fees. Amazon has declined to share how many robots it sold, but it's unfortunate to see such an expensive, complex piece of technology become obsolete after less than a year. Amazon hasn't shared any ways to make further use of the devices, and spokesperson Courtney Ramirez told The Verge that Astro for Business can't be used as a home robot instead. Amazon's email to customers encourages owners to recycle Astro for Business through the Amazon Recycling Program, with Amazon covering associated costs." You’ve gotta admit that refunding everyone’s money, plus a little extra, was very generous. Most companies would have simply pulled the plug on the device and that would have been it. I like shopping at Amazon and this an example of why they have become so successful in the marketplace .An example for others to follow. It seems like there is more to the story. I'm not familiar with the product, and just read the linked story saying it was a security robot that could patrol a 5000 sqft office on a set path, with a subscription fee. That seems excessively basic, so I'm hoping those limitations are wrong or there is a whole lot more that it can do. Like push in employees chairs. But even if it is that basic, and they sold 8 of them, why would they stop now? There's more to the story, some liability. A robbery that happened. A data hack from non-secure video transmission. An injury when one fell down a stairway and stuck someone. A fire started, like the current CNN story of a dog starting a stovetop and a house fire. Or just excessive carpet wear. But this seems likely to be more akin to a recall, without a fix. We're in this timeframe where we have the capabilities to automate things, but it's tough to encapsulate even things that seem pretty basic. We can flatten a ball of dough and bake a tortilla, and it was fun to watch. www.sfgate.com/restaurants/article/How-Bay-Area-based-Chevys-Fresh-Mex-rose-to-fame-16528844.phpSame with a pancake maker we saw at a hotel a few years back, still skipping going from the basic ingredients, it does ok with squirting some batter from a bag onto a heated conveyer belt, though didn't go the step further of letting the user tweak the cook settings for different patron preferences. But are there any robot vacuums out there that aren't frustrating to watch? Just look at the marketing of the most expensive models to know the faults of most (too random, strike things too hard, too small of a bin), but even a $1k model has potential issues. The other day I was quickly cleaning up cat puke before the vacuum got to it. There's a reason they say to run it when people are around, which negates the magic of a house just automagically cleaning itself. It basically all comes back to the Jetsons. On the home automation front, we want a house cleaner, a food preparer, a doctor, and maybe that conveyer belt thing that helped you get dressed in a snap. Interestingly, the flying cars weren't fully automated, and they still had traffic to deal with. For automation, a lot comes down to dealing with randomness, error checking, and safety. It's hard to give value to an automatic duster, if 1 in 10000 times it knocks over a glass flower vase. And if there's an extension cord running across Astro's (look at that, Jetsons) path one day, does it fray the cord and start a fire, or pull something with it? Even making a process as easy as possible, there still has to be some "this isn't normal, how do I deal with it" step. And ideally with a human, it is dealt with or escalated, instead of just proceeding forward when a bad part comes down the assembly line.
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Dave
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Post by Dave on Jul 6, 2024 8:49:49 GMT -8
Thanks 4aapl for that explanation. Perhaps the answer to automation is adaption, by us. If we want an automated robotic vacuum cleaner we must change our environment to meet the robots abilities and not expecting it to perform as a human with a traditional upright vacuum would. It would be interesting to see studies about how many decisions are made, both consciously and unconsciously while performing a simple task like walking to the mailbox to retrieve the mail. Expecting the same from a machine, at least in this part of the evolutionary cycle, is foolish. Maybe Amazon wanted to use the handful of customers that bought the robot as a real world test bed. The money refunded was simply a research expense.
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JDSoCal
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Post by JDSoCal on Jul 6, 2024 11:47:35 GMT -8
Regarding the Amazon robot 🤖, the main reason a product is discontinued is that it is not profitable enough. Maybe based on the adoption to date, the bean 🫘 counters ran the longer term projection and didn’t like what they saw.
Vision Pro is being evaluated the same way by the Apple brain trust, just as all new products are.
I do hope Apple launches a robot someday. But it must be functional in some meaningful way that makes one’s life better (not just an annoying little curiosity). I wasn’t kidding about a robot that can do basic housekeeping tasks. I think it will have to be bi-(or more) pedal to function as a maid.
I believe with some conviction that robots will eventually assist in healthcare, as well as assisted living. WRT the latter, helping the elderly in and out of bed and the bathroom, but also a companionship role. If you’ve ever had to usher a relative into assisted living, you can probably feel me. With a capable robot, staying in one’s home until end of life would be much more practicable, which would be a total game changer.
I think the BBC series Humans best portrays this vision (the Terminator-like plot notwithstanding).
And if they look like Gemma Chan, bonus!
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