mark
fire starter
Posts: 1,574
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Post by mark on Jan 27, 2014 17:31:22 GMT -8
been following this board for 3 or 4 years and it still amazes me how some of us get nasty and fall on their swords. I really don't see the point in the circular firing squad that goes on here. Were all on the same team. What is this, a GOP primary debate? So then like 7 or 8 figures? I think you just discovered Carl Icahn's pseudonym here :-)
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Post by cbingle on Jan 27, 2014 17:32:21 GMT -8
I believe I said this Q CC was a make or break for Tim etal. Well, it appears he failed in spades.
You can get upset, make excuses, or just be pissed at me, but it is what it is.
AAPLDOC, thought I was being outlandish, but you may want to rethink that....
I still have 1200 shares to unload, so I am still part of the unwashed masses.
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Post by artman1033 on Jan 27, 2014 17:34:07 GMT -8
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jan 27, 2014 17:35:24 GMT -8
Exactly, if you don't keep the faith with Apple here, you should make sure you are not long and you really should stop the negative bullshit. They beat earnings and revenue expectations but because Apple is doomed, the panic sets in........been following this board for 3 or 4 years and it still amazes me how some of us get nasty and fall on their swords. I am down more than 6 figures in afterhours. Suck it up buttercups! As someone who is also down more than 6 figures (7, JD) in after-hours, I agree with you (well, except for the "Suck it up" part ). Which is why we're invested LONG Apple stock. I will never understand why folks who decry analysts and Wall Street as anti-Apple, continue to make short term bets, because that's what they are, that the stock will rise or fall in a manner which will increase their wealth. For the record, I went into earnings with no positions other than long-held common and some small, long-held LEAP spreads in my IRA. But I do have to say, I am getting sick of the "we're all about customers" bullshit on earnings calls. Tim, you have a fiduciary duty to shareholders. Earnings calls are about shareholders. How about mentioning them once in a while to signify you understand this duty and give a shit?
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Post by cbingle on Jan 27, 2014 17:43:23 GMT -8
But I do have to say, I am getting sick of the "we're all about customers" bullshit on earnings calls. Tim, you have a fiduciary duty to shareholders. Earnings calls are about shareholders. How about mentioning them once in a while to signify you understand this duty and give a shit?
Exactly...my thoughts are he has no clue what to do except what he knows....meaning...without a vision of Steve Jobs, he cannot move out of his comfort zone.
This is normal human behavior. To expect more is foolish on our part. So, I will move along when the price rebounds some.
I think $550 may be a long term high.
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Post by artman1033 on Jan 27, 2014 17:46:04 GMT -8
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mark
fire starter
Posts: 1,574
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Post by mark on Jan 27, 2014 17:47:52 GMT -8
But I do have to say, I am getting sick of the "we're all about customers" bullshit on earnings calls. Tim, you have a fiduciary duty to shareholders. Earnings calls are about shareholders. How about mentioning them once in a while to signify you understand this duty and give a shit? Exactly...my thoughts are he has no clue what to do except what he knows....meaning...without a vision of Steve Jobs, he cannot move out of his comfort zone. This is normal human behavior. To expect more is foolish on our part. So, I will move along when the price rebounds some. I think $550 may be a long term high. I doubt it. $550 might last for 3, 4, or 6 months, but as soon as buzz begins about new product categories, folks are gonna bid the stock up again. For the record I picked up some more common this evening at 505, and I will probably pick up some more Jan '16 BCS tomorrow if the price remains low once option trading begins.
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Post by pauls on Jan 27, 2014 17:52:08 GMT -8
I care less about new product categories, and more about new services. Payment processing has the potential to dwarf wearables, at least for the next couple of years. No other tech company (or bank) has the TRUST to do this right. I'm all for wearables and pulling the TV string, as well as new screen sizes for existing product lines, but nothing says disruption to me more than making payments more convenient, secure, and smart.
Adding a layer of extra-stickiness to the ecosystem makes it a no-brainer.
It's a frustrating day, for sure. I was betting on better numbers and guidance. But the story really hasn't changed for the long haul-- no company is better positioned to disrupt.
I'm holding on, and licking my wounds. Sympathies go out to shorter term investors. I will look to add shares on the 30th to replace ones I sold to offset capital gains. GL all.
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Post by Tetrachloride on Jan 27, 2014 17:55:55 GMT -8
Possibly an exaggeration EDIT: on the word charlatans --- but certainly has more than a grain of truth. (call it fuzzy math all the way around. really fuzzy, same as any trader). EDIT-- close enough. howdy JDS and others.
So, I got out of that side of web activity.
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Post by cbingle on Jan 27, 2014 18:01:52 GMT -8
I doubt it. $550 might last for 3, 4, or 6 months, but as soon as buzz begins about new product categories, folks are gonna bid the stock up again.
For the record I picked up some more common this evening at 505, and I will probably pick up some more Jan '16 BCS tomorrow if the price remains low once option trading begins.
I hope you are correct. Because as soon as it does, they can have all of my shares .
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Post by archibaldtuttle on Jan 27, 2014 18:02:37 GMT -8
Impossible to answer. Never been seen before. I suppose you could argue that the P/E should reflect the value of the reinvested cash because if the cash was invested in the business lines it would not generate growth (additional value)... Reinvested cash would normally be 5-6% but in today's world less...Inflation's effect on the value of fixed assets would also go into the mix...I suppose you could, rediculously, look for a 7-8 P/E. Ok, so what's preventing AAPL from heading back to the low 400s for the next 4-6 months, until a new product comes out...
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Post by archibaldtuttle on Jan 27, 2014 18:04:11 GMT -8
I say all this as a pained long who can't seem to quit AAPL, but am now finally thinking it's time to face reality. The chance we go down from here and bleed for more months seems higher than the chance we rise from here over the next few months.
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Post by cbingle on Jan 27, 2014 18:07:41 GMT -8
2 minutes ago via mobile ReplyQuotePost by archibaldtuttle on 2 minutes ago I say all this as a pained long who can't seem to quit AAPL, but am now finally thinking it's time to face reality. The chance we go down from here and bleed for more months seems higher than the chance we rise from here over the next few months.
That's a big 10-4.
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Post by artman1033 on Jan 27, 2014 18:19:36 GMT -8
MORNINGSTAR has the earnings call transcript: www.morningstar.com/earnings/62037758-apple-incaapl-q1-2014-earnings-call-transcript.aspxAs we mentioned last quarter, we are now deferring a greater amount of revenue for each new iOS device and Mac sold as a result of this free software and associated upgrade rights. At the end of the quarter, our total deferred revenue from all sources was $11.4 billion and we expect to realize $8.4 billion of it in the next four quarters. ...... OPPIE: China Mobile's 4G service is only available in 16 cities today, and they plan to complete the rollout of more than 500,000 4G base stations, which will cover more than 340 cities by year-end. With the addition of DOCOMO last quarter, we were able to achieve 69% smartphone market share in Japan, which we're thrilled with. ...... The mobile payments area in general is one that we've been intrigued with and that was one of the thoughts behind Touch ID, and but we're not limiting ourselves just to that, and so I don't have anything specific to announce today, but you can tell by looking at the demographics of our customers and the amount of commerce that goes through iOS devices versus the competition that it's a big opportunity on the platform. ..... Gene Munster - Piper Jaffray: Just a follow-up to some of the previous questions. Tim I got to ask it, in the previous quarters you have talked about specifically product categories multiple and that's different than variations of existing products. That by the end of 2014, I just want to be clear that's still on track and consistent with some of the expenses that we have talked about earlier in the call? Tim Cook - CEO: Yes, absolutely. Gene Munster - Piper Jaffray: Second, this gets back to some of the other themes on the call here too, but you obviously are going to have a big year in terms of new product categories and maybe even thinking beyond 2014 in the new products commodity, kind of wrap in 2015. How do you think about kind of the trajectory of the platform or what would you say that I'd guess investors that say this is just a product cycle story? Tim Cook - CEO: Well I would answer your question. I would just say innovation is as deeply embedded in everybody here and there is still so much of the world that is full of very complex products et cetera. There is never a -- we don't have – we have zero issue coming up with things we want to do that we think we can disrupt in a major way. The challenge is always to focus and to the very few that deserves all of our energy, and we've always done that and we're continuing to do that.
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Post by mcharliem on Jan 27, 2014 18:24:30 GMT -8
But I do have to say, I am getting sick of the "we're all about customers" bullshit on earnings calls. Tim, you have a fiduciary duty to shareholders. Earnings calls are about shareholders. How about mentioning them once in a while to signify you understand this duty and give a shit? On these conference calls, Cook is required to be truthful, and pretty much nothing else. I think I'm in the minority here, but I love the fact that Apple doesn't care about its stock price at all. It's one of the primary reasons I invest in the company.
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Post by Tetrachloride on Jan 27, 2014 18:33:41 GMT -8
I'm not an Apple investor anymore, nor am I a promoter of Apple products to family without a specific list of modifications or apps. I'm the cynical trader. Hope this helps the rest of u, such as it may be.
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Post by leonb on Jan 27, 2014 18:38:35 GMT -8
I'm confused about iPhone sales - how is it possible that Apple so disappointed on phones, yet beat slightly on revenue and eps? Where did the sales come from if the iPhone was so lacklustre (against expectations)?
CC was embarrassing, as usual. I hate the customer-focus-propaganda-mantra-bullshit from Cook - it's wearing very thin.
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Post by appledoc on Jan 27, 2014 18:57:52 GMT -8
I'll never quit AAPL. Too easy a trade. Granted, it's more difficult when work gets in the way all the time.
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Post by nagrani on Jan 27, 2014 19:02:08 GMT -8
I think we end the week at 520
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SomeJuan
Member
Taking a nap…
Posts: 321
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Post by SomeJuan on Jan 27, 2014 19:24:39 GMT -8
Why do humans slide to the LCD. Apple executed well. Future revenue is questionable. Growth as we know it is gone. We have matured as a company. Wall street is not enamored at all, and woe is me.
I call bullshit. I know why i own aapl, and my belief in Apple the company, is at an all time high. The street is doing all it can to shake stakeholders. I am buying now, by fistfulls.
The "only" worry on my part is the length of time that has lapsed since a new product arm, and what said arm represnts in revenue. I trust in Tim for now, though i need some light soonest.
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Post by geraci on Jan 27, 2014 19:29:48 GMT -8
So... any theories on why Apple waited an extra week to announce this quarter's earnings?
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mark
fire starter
Posts: 1,574
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Post by mark on Jan 27, 2014 19:42:13 GMT -8
I doubt it. $550 might last for 3, 4, or 6 months, but as soon as buzz begins about new product categories, folks are gonna bid the stock up again. For the record I picked up some more common this evening at 505, and I will probably pick up some more Jan '16 BCS tomorrow if the price remains low once option trading begins. I hope you are correct. Because as soon as it does, they can have all of my shares . So just sell covered calls near $550. If they get called away, you got your price, if not, you got some income. Maybe July 500's at $50 or so tomorrow.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jan 27, 2014 19:44:16 GMT -8
But I do have to say, I am getting sick of the "we're all about customers" bullshit on earnings calls. Tim, you have a fiduciary duty to shareholders. Earnings calls are about shareholders. How about mentioning them once in a while to signify you understand this duty and give a shit? On these conference calls, Cook is required to be truthful, and pretty much nothing else. I think I'm in the minority here, but I love the fact that Apple doesn't care about its stock price at all. It's one of the primary reasons I invest in the company. False dilemma is false.
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Post by appledoc on Jan 27, 2014 19:45:16 GMT -8
How the F do they figure revenue to be flat YoY in Q2? That's baffling.
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Post by osx10 on Jan 27, 2014 19:50:02 GMT -8
Isn't Deferred Revenue what is screwing up the q2 YOY number?
Wish they'd report the real number and then add an asterisk with a notation about Def Rev...
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Post by cbingle on Jan 27, 2014 19:51:51 GMT -8
about an hour ago cbingle said: I doubt it. $550 might last for 3, 4, or 6 months, but as soon as buzz begins about new product categories, folks are gonna bid the stock up again.
For the record I picked up some more common this evening at 505, and I will probably pick up some more Jan '16 BCS tomorrow if the price remains low once option trading begins.
I hope you are correct. Because as soon as it does, they can have all of my shares .
So just sell covered calls near $550. If they get called away, you got your price, if not, you got some income.
Maybe July 500's at $50 or so tomorrow.
Easier to leave this nonsense behind and move on. AAPL's time has come and gone.
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Post by cbingle on Jan 27, 2014 20:00:15 GMT -8
On these conference calls, Cook is required to be truthful, and pretty much nothing else. I think I'm in the minority here, but I love the fact that Apple doesn't care about its stock price at all. It's one of the primary reasons I invest in the company.
Really? No desire to profit from your investment above the average S&P company. WOW!
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icam
Member
Posts: 447
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Post by icam on Jan 27, 2014 20:03:16 GMT -8
How the F do they figure revenue to be flat YoY in Q2? That's baffling. Not sure, but Tim Cook and his green visor guy are ecstatic about it and couldn't be happier. These guys are oblivious to the investor perception and perspective. F'ing Clueless. F me!
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Post by cbingle on Jan 27, 2014 20:10:10 GMT -8
Where's " the Pom Pom" crowd. Stand up and state your case.
Easy to critique my shortcomings, but no guts to defend yours. It's OK. I will not judge you.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jan 27, 2014 20:27:23 GMT -8
Where's " the Pom Pom" crowd. Stand up and state your case. Easy to critique my shortcomings, but no guts to defend yours. It's OK. I will not judge you. Hey, it's been a rough day for everyone, so how 'bout you stop the fucking trolling for a while, K?
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