Deleted
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Post by Deleted on Sept 10, 2013 23:58:01 GMT -8
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Post by rob_london on Sept 11, 2013 0:02:23 GMT -8
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Deleted
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Post by Deleted on Sept 11, 2013 0:03:36 GMT -8
Crappy first PM trade: $486.00
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Post by appledoc on Sept 11, 2013 0:45:49 GMT -8
Always nice to wake up and see the stock getting pounded in PM. Can't say I'm surprised. Yesterday was majorly disappointing.
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Mav
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Post by Mav on Sept 11, 2013 0:45:58 GMT -8
CM is more likely than ever, so of course selloff.
Must remind self: This too shall pass
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Mav
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Post by Mav on Sept 11, 2013 0:46:40 GMT -8
Always nice to wake up and see the stock getting pounded in PM. Can't say I'm surprised. Yesterday was majorly disappointing. Sure it was. I never seem to set the bar high enough for Apple events. One day I'll learn to make an invisible one in the ionosphere.
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Deleted
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Post by Deleted on Sept 11, 2013 1:40:03 GMT -8
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Post by phoebear611 on Sept 11, 2013 1:54:18 GMT -8
Just a snap shot from some sites and research this morning. I feel like I had a Broadway debut last night and am waiting for Variety to arrive to see what the reviews of my performance was.... From Nasdaq: UPDATE: China Licenses Apple's iPhone With China Mobile's Wireless Standard www.nasdaq.com/article/update-china-licenses-apples-iphone-with-china-mobiles-wireless-standard-20130911-00026JPM last night: 5C May Not Be Priced Low Enough; 5S Impresses with Camera and Fingerprint Security (Excerpt) 5C price point may not be low enough. As we had written previously, the potential attraction of a lower-priced smartphone from Apple could be the expansion of the addressable market. While the 5C is a first step away from the high-end, we do not think it is a big one. The pricing is not yet available for the 5C without a wireless contract, but if we assume a wireless carrier subsidy of $400, the 16GB base model ASP is $499. This higher price point could be good for the gross margin profile of the iPhone portfolio, but we had thought a price point closer to $350 could drive greater market coverage, particularly in emerging markets, setting the stage for accelerating growth. This sort of growth could still happen, but we need to see how the first quarter or two of 5C customer adoption develops given the higher price.JPM this morning: China Mobile to release voice-over LTE phones next year (QCOM: Negative): China Mobile will release its first voice-over-LTE phones next year and stated that the first batch of handsets has already received regulatory approval. (Networkworld)From Seeking Alpha: Apple gets license to run phones on China Mobile's network • 3:07 AM A long-awaited deal between Apple (AAPL) and China Mobile (CHL) appears to have moved closer after the U.S. company received a license for its phones to operate on China Mobile's 3G and 4G networks from the country's Telecom Equipment Certification Center. Apple's products also obtained licenses to run on the infrastructure of China Unicom (CHU) and China Telecom (CHA), both of which will sell the two iPhones that were unveiled yesterday. While a deal with China Mobile will open up a market of 700M subscribers, the "low-end" iPhone 5C looks rather pricey for the cost-conscious consumers that Apple was expected to target with the handset. The device will retail at 4,488 yuan ($730), just 800 yuan ($130) less than the top-of-the-line 5S.
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Post by phoebear611 on Sept 11, 2013 2:48:17 GMT -8
Maybe Icahn should explain to TC how a timely deal is cut when they have dinner. Timing is everything
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Post by jdrizzo89 on Sept 11, 2013 3:11:13 GMT -8
Look at below. 480 currently. Timber.
Margins and quality over deep penetration is just the apple way.
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Post by lovemyipad on Sept 11, 2013 3:20:38 GMT -8
IMHO, the retrace was coming, after the move from 388 to 515. Has nothing to do with the content at the two events. Just the pendulum swinging.
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Post by appledoc on Sept 11, 2013 3:26:51 GMT -8
IMHO, the retrace was coming, after the move from 388 to 515. Has nothing to do with the content at the two events. Just the pendulum swinging. Yup. Just more rapid. Pissed that I didn't have a chance to sell my commons yesterday.
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Post by macwire on Sept 11, 2013 3:29:58 GMT -8
Sub 480. If we don't hold this is probably a lower low from that previous mid 485 range we pulled back to a few weeks ago.
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Post by Lstream on Sept 11, 2013 3:30:39 GMT -8
Always nice to wake up and see the stock getting pounded in PM. Can't say I'm surprised. Yesterday was majorly disappointing. I assume you mean 5C pricing. If not, ignore the following. I think this is a symptom of pretty much everyone putting words in Apple's mouth and concluding they were going to pursue market share with cheap and lowered margins. It was repeated so often that it became truth. And yet Apple never once gave ANYONE a reason to believe it was moving off premium pricing and branding. Cheap and aspirational are mutually exclusive. Cheap is not a long term strategy. Many believe that Apple lost the PC war because they never got on the cheap bandwagon there either. And that misconception is carried forward until today where many still believe that some other phantom non existent hardware manufacturer(s) "won". And yet, I don't think there is a single PC manufacturer that would not switch places with Apple in a heartbeat if they could. So once again, the whole world, which now apparently includes this Board has a fundamental misunderstanding of what makes Apple tick. So yep, the stock is going to get punished for a while again. But for me at least, I say "so what?". Their message is unchanged: "if you want the best and most obsessively designed products, then buy Apple. If not, then go elsewhere". After thinking about whether I still believe in the Apple story for many months now, and watching what happened yesterday, my conclusion is that they have gotten this right, even if "everyone" thinks they messed up with 5C pricing. Time will tell who is right.
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Post by phoebear611 on Sept 11, 2013 3:36:24 GMT -8
IMHO, the retrace was coming, after the move from 388 to 515. Has nothing to do with the content at the two events. Just the pendulum swinging. What's the first stop on the retrace as far as levels? 470?
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Since84
Moderator
To infinity and beyond!
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Post by Since84 on Sept 11, 2013 3:45:37 GMT -8
Ironically, yesterday morning I viewed max pain on the weekly options ($495) as a drag. With today's Pre-Market it looks like a God send. Let's hope it holds.
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Post by jdrizzo89 on Sept 11, 2013 3:47:16 GMT -8
LOD pre market thus far 474.40. Lets hope this is permanent low of day
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Post by playultimate on Sept 11, 2013 3:48:54 GMT -8
I can't think of any event that people were generally happy with.
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Post by phoebear611 on Sept 11, 2013 3:52:11 GMT -8
LOD pre market thus far 474.40. Lets hope this is permanent low of day Sliced thru that like a hot knife on butter!
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Post by macwire on Sept 11, 2013 3:54:46 GMT -8
Ironically, yesterday morning I viewed max pain on the weekly options ($495) as a drag. With today's Pre-Market it looks like a God send. Let's hope it holds. Max pain is overstated on event or earnings news IMO.
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Post by Odd-Lot Richard on Sept 11, 2013 3:54:49 GMT -8
Ugh, can't sleep.
Is this the new path going forward? Next September, will we see 5S models draped in plastic, with the new-spec'ed model at higher price points?
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Post by terps530 on Sept 11, 2013 4:02:19 GMT -8
Always nice to wake up and see the stock getting pounded in PM. Can't say I'm surprised. Yesterday was majorly disappointing. Sure it was. I never seem to set the bar high enough for Apple events. One day I'll learn to make an invisible one in the ionosphere. Why do you respond to any/every non-positive apple comment with sarcasm? It's so much fun to read again and again (see I did it there). The CM deal was clearly expected and now without it announced, regardless of how close it is, the shares are tumbling. The 5c is more expensive than most, if not every analyst predicted, no other product rumor panned out, so now the shares get pounded. I totally agree it is going to be just a short term thing and in a year from now this won't matter, but I just wish for once the rumors about CM actually panned out, or the assholes who make near 100% claims about it get fired and lose all their money.
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aapldamus
Member
"Miss Cleo ain't got NOTHING on me!"
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Post by aapldamus on Sept 11, 2013 4:05:41 GMT -8
Ugh.
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Post by leonb on Sept 11, 2013 4:05:43 GMT -8
Cook has let shareholders down on CM. Managing expectations is part of the job - it's part of what makes a company investable. I'm pretty pissed off right now - this did not need to happen.
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Post by Lstream on Sept 11, 2013 4:14:01 GMT -8
1. People need to stop believing analysts and bloggers who like to pretend they are in the know, when they in fact know squat.
2. Apply the above comment to CM predictions.
3. "No other product rumor panned out". Huh? The products that were predicted to exist, in fact exist. I tried to tell people here several times that the upcoming existence of these products were close to meaningless. What really mattered was the details like pricing, which no one but Apple knew.
But I fully expect that at the next announcement, people are gong to be suckered in again to believing all the bull shit being flung by people only interested in page hits, and not accuracy.
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Post by appledoc on Sept 11, 2013 4:21:10 GMT -8
Sure it was. I never seem to set the bar high enough for Apple events. One day I'll learn to make an invisible one in the ionosphere. Why do you respond to any/every non-positive apple comment with sarcasm? It's so much fun to read again and again (see I did it there). The CM deal was clearly expected and now without it announced, regardless of how close it is, the shares are tumbling. The 5c is more expensive than most, if not every analyst predicted, no other product rumor panned out, so now the shares get pounded. I totally agree it is going to be just a short term thing and in a year from now this won't matter, but I just wish for once the rumors about CM actually panned out, or the assholes who make near 100% claims about it get fired and lose all their money. Agree 100%. I mean, what the fuck TC? A China screening of the same presentation in the US? Why announce that? Why the exorbant pricing on the 5C? Why no CM deal? We finally had some surprises and they were all bad.
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Post by Lstream on Sept 11, 2013 4:38:47 GMT -8
IMHO, the retrace was coming, after the move from 388 to 515. Has nothing to do with the content at the two events. Just the pendulum swinging. Don't understand this comment at all. Yesterday's and today's PM price action are clearly tied to yesterday's event and the perceived disappointment. I don't think that this could be any clearer.
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Post by lovemyipad on Sept 11, 2013 4:39:57 GMT -8
IMHO, the retrace was coming, after the move from 388 to 515. Has nothing to do with the content at the two events. Just the pendulum swinging. What's the first stop on the retrace as far as levels? 470? Yes.
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Post by macwire on Sept 11, 2013 4:43:11 GMT -8
This was not managed well. I don't think it's up to aapl to telegraph exactly what it is doing but there's a few things that are clear post jobs. One being that there are no more surprises. From the managing of realistic eps guides to lack of whiz bang one more thing...that was all Steve. It doesn't exist anymore.
TC is not doing a bad job. But he's obviously not magnetic and obviously not a visionary. Not that anyone should expect him to be but the Steve effect on the stock is gone. His ability to bend reality (antenna gate?) does not exist. If you're trading on that expectation you need to reframe (or trade TSLA).
Which is to say this is the same company while simultaneously NOT the same trading vehicle that it was
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mark
fire starter
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Post by mark on Sept 11, 2013 4:44:12 GMT -8
Ugh, can't sleep. Is this the new path going forward? Next September, will we see 5S models draped in plastic, with the new-spec'ed model at higher price points? What's wrong with that? Charge a premium price when new, then cost reduce, improve manufacturing costs, etc, and reskin and sell at lower price point. Maintains margins.
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