Mav
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Post by Mav on Oct 24, 2013 10:26:32 GMT -8
Uh, stub...AAPL's up 30% since it announced the $100B capital return program April 23.
That was the start of the ACTUAL buyback. The $60B from before was dividends and $10B set aside for anti-dilutive share buybacks (mostly to counter RSU exercise, I believe).
Icahn isn't doing much to pump AAPL IMHO. He didn't get to be a billionaire by being stupid. Sure he comes off loud and brash but I'll presume he knows tweeting about AAPL as much as he has isn't a buyable event, at least not anymore. He's just communicating his agenda and setting the negotiating terms.
Even if he wanted to, there's no way he could control AAPL or cause some BOD shakeup (the true nightmare scenario) with his 0.5% stake and his obviously not-gonna-gain-traction $150B buyback request. He won't say it but I suspect he'll be happy if Apple just expands the program next year. More direction than amount, y'know?
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Post by Lstream on Oct 24, 2013 10:30:36 GMT -8
Pages is getting slammed in reviews too. Canadian App Store: 10 One Star Ratings 6 Two Star Ratings 0 Three Star Ratings 3 Four Star Ratings 0 Five Star Ratings US App Store (first four pages) 16 One Star Ratings 7 Two Star Ratings 4 Three Star Ratings 5 Four Star Ratings 7 Five Star Ratings Largest theme is a lot of removed features.
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Deleted
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Post by Deleted on Oct 24, 2013 10:48:10 GMT -8
Pages is getting slammed in reviews too. Canadian App Store: 10 One Star Ratings 6 Two Star Ratings 0 Three Star Ratings 3 Four Star Ratings 0 Five Star Ratings US App Store (first four pages) 16 One Star Ratings 7 Two Star Ratings 4 Three Star Ratings 5 Four Star Ratings 7 Five Star Ratings Largest theme is a lot of removed features. Apple MOVED some of these features others claimed are missing. I'm going to be fine with Pages. Numbers is still a non-starter. I preferred the previous gen. layout as there was a consistency across all programs with Inspector, etc. People have a lot of muscle memory in using these apps and disruption of that is going to make most people unhappy, unless the new version is REALLY better. Right now, I wouldn't want to poll the jury on that one. I was premature in suggesting Apple was targeting enterprise with free apps -- these aren't going to do it. Pages is a worthy alternative to probably many customers but the future of Office is secure for now.
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Deleted
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Post by Deleted on Oct 24, 2013 10:49:24 GMT -8
Nice day. Brings back pleasant memories....
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Post by Lstream on Oct 24, 2013 11:00:05 GMT -8
Nice day. Brings back pleasant memories.... After a multi-month break, I have started selling put spreads again. The stock is behaving in the way we used to all know and love. And we are way off ATH's.
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Post by mace on Oct 24, 2013 11:11:13 GMT -8
530 at this point is very bullish. If we break 540 tomorrow, then get ready for 555 on Monday and 600+ by next Friday. Irrational exuberance. But I like it. Definitely ecstatic if come true.
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Post by doublerainbow on Oct 24, 2013 11:34:16 GMT -8
530 at this point is very bullish. If we break 540 tomorrow, then get ready for 555 on Monday and 600+ by next Friday. Irrational exuberance. But I like it. Definitely ecstatic if come true. at this rate, I see it as a definite possibility! ![:)](//storage.proboards.com/forum/images/smiley/smiley.png) And I'd be pretty darn happy myself if that were the case...... was hoping I'd recoup my losses this year!
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Mav
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Post by Mav on Oct 24, 2013 11:41:01 GMT -8
Watch where you swing those next-week price targets, might hurt somebody
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Post by sponge on Oct 24, 2013 11:42:14 GMT -8
530 at this point is very bullish. If we break 540 tomorrow, then get ready for 555 on Monday and 600+ by next Friday. Irrational exuberance. But I like it. Definitely ecstatic if come true. It was not a prediction. There was an if and then.
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JDSoCal
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Post by JDSoCal on Oct 24, 2013 11:42:53 GMT -8
...and there is the "implied threat" ...huh? I agree, the first time I read the last paragraph, it sounded like at least "pre-threat" language. It seemed to me kind of like that second bill you get from the gas company, the one with the different color envelope, saying, PLEASE REMIT," the implication being, "if you don't, this could get ugly." I'm a lawyer and something of a connoisseur of the art of the threatening letter without actually being threatening. This was a saber rattle. The fact that this letter was even published like this, right before earnings, rather than sent in a cordial manner privately to Cook, suggests to me that he is putting the BOD on notice. Icahn is coming off like spoiled, petulant billionaire used to getting his way. This is koo-koo bird stuff, people; there is no chance in hell Apple spends $150B on a buyback. I'm all for bullish billionaires tooting AAPL's horn - until they sell all their shares. Remember the story of the frog and the snake crossing the river. And if you think AAPL's rally of late is because of the buyback, I have some BBRY to sell you.
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Post by rob_london on Oct 24, 2013 11:47:20 GMT -8
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Post by Deleted on Oct 24, 2013 11:48:44 GMT -8
Irrational exuberance. But I like it. Definitely ecstatic if come true. It was not a prediction. There was an if and then. Based on Sponge Analysis? Or did you consult a Quija board?
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Post by gtrplyr on Oct 24, 2013 11:54:07 GMT -8
I agree, the first time I read the last paragraph, it sounded like at least "pre-threat" language. It seemed to me kind of like that second bill you get from the gas company, the one with the different color envelope, saying, PLEASE REMIT," the implication being, "if you don't, this could get ugly." I'm a lawyer and something of a connoisseur of the art of the threatening letter without actually being threatening. This was a saber rattle. The fact that this letter was even published like this, right before earnings, rather than sent in a cordial manner privately to Cook, suggests to me that he is putting the BOD on notice. Icahn is coming off like spoiled, petulant billionaire used to getting his way. This is koo-koo bird stuff, people; there is no chance in hell Apple spends $150B on a buyback. I'm all for bullish billionaires tooting AAPL's horn - until they sell all their shares. Remember the story of the frog and the snake crossing the river. And if you think AAPL's rally of late is because of the buyback, I have some BBRY to sell you. Listened to the CNBC interview with iCahn .... he couldn't have been less impressive. This guy does not know shit about Apple's products or their business ... but he did say that it's really the board who have dropped the ball and maybe they need some new board members. Apple's board stays out of management's way .... and it has worked, Jobs handpicked those members for that very reason. Now this guy wants to get a bunch of board members that would like to dictate to management how things are to be run .... how long before they decide which products fly and how to design them ![???](//storage.proboards.com/forum/images/smiley/huh.png) ? iCahn is dangerous and his intrusion into Apple will not turn out well .... he will still make money despite himself. Of course, his ego will tell him otherwise . ![::)](//storage.proboards.com/forum/images/smiley/eyesroll.png) F*ck iCahn
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Post by gtrplyr on Oct 24, 2013 11:55:34 GMT -8
Irrational exuberance. But I like it. Definitely ecstatic if come true. It was not a prediction. There was an if and then. Anyone here want to explain to the sponge what a prediction is ? ![;)](//storage.proboards.com/forum/images/smiley/wink.png)
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Mav
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Post by Mav on Oct 24, 2013 11:57:01 GMT -8
You can't prevent him from being a shareholder.
If Apple can't find a way to keep its BOD intact, oh well. We should have some time to adjust positions before all hell breaks loose.
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Post by mace on Oct 24, 2013 11:58:59 GMT -8
Listened to the CNBC interview with iCahn .... he couldn't have been less impressive. This guy does not know shit about Apple's products or their business ... but he did say that it's really the board who have dropped the ball and maybe they need some new board members. Apple's board stays out of management's way .... and it has worked, Jobs handpicked those members for that very reason. Now this guy wants to get a bunch of board members that would like to dictate to management how things are to be run .... how long before they decide which products fly and how to design them ![???](//storage.proboards.com/forum/images/smiley/huh.png) ? iCahn is dangerous and his intrusion into Apple will not turn out well .... he will still make money despite himself. Of course, his ego will tell him otherwise . ![::)](//storage.proboards.com/forum/images/smiley/eyesroll.png) F*ck iCahn He also doesn't understand retail Apple investors and Apple fans. Does he has an evil goal of turning Apple BOD into a HP-like BOD?
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Post by mjuarez on Oct 24, 2013 11:59:51 GMT -8
You can't prevent him from being a shareholder. If Apple can't find a way to keep its BOD intact, oh well. We should have some time to adjust positions before all hell breaks loose. I don't think that a 0.5% activist shareholder would be able to sway the large mutual funds and institutions that will, almost always, vote with what the BoD recommends.
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stub
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Post by stub on Oct 24, 2013 12:01:12 GMT -8
Uh, stub...AAPL's up 30% since it announced the $100B capital return program April 23. That was the start of the ACTUAL buyback. The $60B from before was dividends and $10B set aside for anti-dilutive share buybacks (mostly to counter RSU exercise, I believe). Icahn isn't doing much to pump AAPL IMHO. He didn't get to be a billionaire by being stupid. Sure he comes off loud and brash but I'll presume he knows tweeting about AAPL as much as he has isn't a buyable event, at least not anymore. He's just communicating his agenda and setting the negotiating terms. Even if he wanted to, there's no way he could control AAPL or cause some BOD shakeup (the true nightmare scenario) with his 0.5% stake and his obviously not-gonna-gain-traction $150B buyback request. He won't say it but I suspect he'll be happy if Apple just expands the program next year. More direction than amount, y'know? Right, it's up 30% since the $50B was announced but... it went down by about 45% before they announced it. That's what I'm focusing on.
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Post by Deleted on Oct 24, 2013 12:03:11 GMT -8
You can't prevent him from being a shareholder. If Apple can't find a way to keep its BOD intact, oh well. We should have some time to adjust positions before all hell breaks loose. Exactly...I rather him own 5B worth of shares than not owning them. If Tim Cook and the current Board of Directors find it too much work to deal with him, perhaps they can find someone else who wants to get paid 500 Million for a few years of work. Tim Cook is not Steve Jobs...he's not a Product Development guy. Steve Jobs wanted full control over what to develop because he felt he knew better than the Board, which was correct. I doubt Tim Cook is out there designing the Apple TV or newest category.
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Post by Deleted on Oct 24, 2013 12:04:19 GMT -8
Uh, stub...AAPL's up 30% since it announced the $100B capital return program April 23. That was the start of the ACTUAL buyback. The $60B from before was dividends and $10B set aside for anti-dilutive share buybacks (mostly to counter RSU exercise, I believe). Icahn isn't doing much to pump AAPL IMHO. He didn't get to be a billionaire by being stupid. Sure he comes off loud and brash but I'll presume he knows tweeting about AAPL as much as he has isn't a buyable event, at least not anymore. He's just communicating his agenda and setting the negotiating terms. Even if he wanted to, there's no way he could control AAPL or cause some BOD shakeup (the true nightmare scenario) with his 0.5% stake and his obviously not-gonna-gain-traction $150B buyback request. He won't say it but I suspect he'll be happy if Apple just expands the program next year. More direction than amount, y'know? Right, it's up 30% since the $50B was announced but... it went down by about 45% before they announced it. That's what I'm focusing on. So wasn't the buyback a brilliant move? It stopped the 45% slide and it's up 30% since?
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Mav
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Post by Mav on Oct 24, 2013 12:04:28 GMT -8
Microsoft beats!
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Mav
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Post by Mav on Oct 24, 2013 12:05:43 GMT -8
You can't prevent him from being a shareholder. If Apple can't find a way to keep its BOD intact, oh well. We should have some time to adjust positions before all hell breaks loose. I don't think that a 0.5% activist shareholder would be able to sway the large mutual funds and institutions that will, almost always, vote with what the BoD recommends. "Carl being Carl". At day's end he didn't really mess with NFLX. AAPL only _looks_ weak because it's always doomed. The strongest tech company that ever was should be able to handle iCahn.
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Post by mace on Oct 24, 2013 12:08:24 GMT -8
Without SJ, billionaires think Apple is a fat sheep to be fleeced.
They forgot about the activist retail investors.
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Post by appledoc on Oct 24, 2013 12:09:17 GMT -8
Action supports my uber bull stance. Would like a pullback before earnings though. Would give me more comfort taking a risk.
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JDSoCal
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Post by JDSoCal on Oct 24, 2013 12:09:20 GMT -8
His reasoning was full of s**t too. He MAY have had a read on WS early, but that's all the credit I've giving him. Completely agree Mercel. Kass has repeatedly made conflicting *fundamental* arguments about Apple within a few months. Sorry, but you don't get to have multiple FA takes on the same company in the same year, unless Apple has cloned Steve Jobs in its secret lab. A company is either doomed or it isn't in a given fiscal quarter. One minute, Apple sucks so he is short; the next, he is long because it is a great company. WTF? Kass talks his book via tweets and through his love affair with the financial media. He's like that volunteer fireman who shows up first at the fire because he started it! Imagine the influence you would have, Gregg, if you were allowed on CNBC any time you wanted to talk your book. You might even begin to look...predictive. Make no mistake: Kass is an evil mercenary who would bankrupt everyone here to pay for his morning latte. He is liked by the financial media because he is a world class schmoozer. Parable: There was once this really successful basketball coach, who everyone knew cheated like crazy to win. And boy, did he win. I won't mention any names, but let's just say he coached a team that the sports books would not take bets on. Anyway, everyone who worked for him said what a great guy he was. Nobody who knew him personally ever said a bad word about the guy. I once mentioned this to a coach who had competed against him in the same conference. The coach said, "Of course. The Devil doesn't come at you with horns. He comes at you with kindness. At first." ![](http://www.forumup.it/images/smiles/LoScrigno_risatina.gif) And I'd hope we could disagree on which billionaires we want to be BFF's with and remain civil, especially in this green Apple week.
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Post by gtrplyr on Oct 24, 2013 12:11:05 GMT -8
You can't prevent him from being a shareholder. If Apple can't find a way to keep its BOD intact, oh well. We should have some time to adjust positions before all hell breaks loose. Exactly...I rather him own 5B worth of shares than not owning them. If Tim Cook and the current Board of Directors find it too much work to deal with him, perhaps they can find someone else who wants to get paid 500 Million for a few years of work. Tim Cook is not Steve Jobs...he's not a Product Development guy. Steve Jobs wanted full control over what to develop because he felt he knew better than the Board, which was correct. I doubt Tim Cook is out there designing the Apple TV or newest category. While it's true that Cook is not a development guy your statement makes it sound as if Jobs came up with everything and we know he didn't. What happens when Ive or Fedreghi or ?? want to do something radical and the "Board" decides it's too risky I would love it if the next time iCahn does an interview he gets asked a few product specific questions. I wouldn't be surprised if he didn't know the difference between a 5S or 5C ... Macbook Air or Pro. Some won't care and argue he's a finance guy but as far as I'm concerned the reason Apple is still around today is because they threw those guys out on their asses when Steve came back. Those kind of people are dangerous to Apple's culture. Apple is a success because of a single vision of making great products ...as soon as you get bean counters in a position of power you are asking for a huge culture clash.
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Mav
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Post by Mav on Oct 24, 2013 12:11:34 GMT -8
Unless you bought an AMZN BCS, you were probably hosed because the IV was so high.
Mercel, you know what time it is? AMZN cash balance checkup time! ;D ;D
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Post by artman1033 on Oct 24, 2013 12:11:41 GMT -8
TWTR IPO priced at $17-20 per share.
AMZN losses within range, SALES down! AMZN UP $18.36 to $345
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Post by Deleted on Oct 24, 2013 12:19:56 GMT -8
Unless you bought an AMZN BCS, you were probably hosed because the IV was so high. Mercel, you know what time it is? AMZN cash balance checkup time! ;D ;D Yep. I may do a three way comparo between AAPL, GOOG, and AMZN. If cash is King, being a pauper (AMZN) has never been more rewarding.
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Post by cbingle on Oct 24, 2013 12:28:37 GMT -8
I am all for Carl. The faster he makes the stock move higher, the better. Just sell before he does. ;-)
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