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Post by phoebear611 on Mar 3, 2014 4:17:24 GMT -8
Good morning - Yesterday JD showed us a pic of Apple Carplay and today CarPlay makes its debut in Ferrari, Mercedes-Benz and Volvo vehicles at the Geneva Motor show. In addition, Canaccord raised Apple's price target to $600 from $570 based on expected 2H 2014 market share gains in the high-end smartphone and tablet markets. And on numerous sites including Cult of Mac different people suggesting that TC told investors to sell their stock if they are looking for a profit - based on the question asked of him during the shareholder meeting. Yes I know one of our members was there and didn't see it that way at all but the world hears/reads all these articles and gets a slanted view. It's not helpful. And this morning's article in Seeking Alpha (yes I know a rag) written by Aswath Damodaran (Ph.D. at NYU Stern) someone respected in the business community, writes about why TC is missing the point. (Article, if you so desire: seekingalpha.com/article/2061873-if-tim-cook-does-not-care-about-the-bloody-roi-does-he-care-about-the-bloody-stock-price?isDirectRoadblock=false&source=email_rt_article_readmore&uprof=51 ) There must be transcripts from the meeting, no? So we have a mixture of good news - fundamentally and technically (remember Lovey's comments) and FUD from the Investor meeting BUT dominating the markets is the Ukraine. Although the market is down - many feel it is a very temporary issue. I am not an expert but I'm guessing that the US / Europe's involvement will be around sanctions versus military action...but who knows. On the flip side, is the US market a flight to safety? On Friday, Carter Worth (technician) said on Fast Money (CNBC) that if the markets are down he could see - given how uncorrelated AAPL is to the markets - that people buy AAPL. He is also positive technically on AAPL. I was hoping to provide a link but CNBC doesn't have one on those specific comments that I could find. Anyway - AAPL is down 1% on a mere 18k shares in PM ... I wouldn't be surprised if it was up on the day. I'm dragging this morning from watching the Oscars. It was particularly interesting to me this year given that Jordan Belfort was my neighbor and I lived through some of the antics in that house. Crazy but lots of embellishment for those of you who saw it. Enjoy the day!
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Post by artman1033 on Mar 3, 2014 4:39:41 GMT -8
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Post by jmolloy on Mar 3, 2014 4:43:28 GMT -8
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Post by artman1033 on Mar 3, 2014 4:49:20 GMT -8
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Post by artman1033 on Mar 3, 2014 5:33:23 GMT -8
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Post by artman1033 on Mar 3, 2014 5:40:04 GMT -8
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Post by Lstream on Mar 3, 2014 6:04:08 GMT -8
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Post by Deleted on Mar 3, 2014 6:38:29 GMT -8
Well that didn't last very long... Okay, I haven't done this in a very long time, so the market gods may spite me for this... WAG: If price can maintain above support at daily SMA-20 (currently 524.68), then TEMP BOTTOM IS IN!!!
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Post by Deleted on Mar 3, 2014 6:44:49 GMT -8
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Post by po1nt on Mar 3, 2014 6:44:51 GMT -8
Well that didn't last very long... Okay, I haven't done this in a very long time, so the market gods may spite me for this... WAG: If price can maintain above support at daily SMA-20 (currently 524.68), then TEMP BOTTOM IS IN!!! Check again!
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Post by Deleted on Mar 3, 2014 6:46:22 GMT -8
I don't have to read an article, especially on Seeking Alpha (of all places) to learn if Tim Cook cares about the stock price. Of course he does, presiding over a company that's competing for talent via compensation and the value of stock options.
Like, duh!
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Post by Deleted on Mar 3, 2014 6:51:49 GMT -8
Well that didn't last very long... Check again! So question from a TA noob...does it matter that we opened below daily SMA-20?
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Post by phoebear611 on Mar 3, 2014 6:52:15 GMT -8
I don't have to read an article, especially on Seeking Alpha (of all places) to learn if Tim Cook cares about the stock price. Of course he does, presiding over a company that's competing for talent via compensation and the value of stock options. Like, duh! No - you don't have to do ANYTHING your pretty little head doesn't want to do - but I am of the opinion that one should be aware of all that is out there. Like I said earlier, I wouldn't be surprised if we are up on the day...and so far it looks like it could be going that way --- but it's all about the close.
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Post by artman1033 on Mar 3, 2014 6:55:06 GMT -8
hmmmmm.
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Post by phoebear611 on Mar 3, 2014 6:57:30 GMT -8
Was that him? Looks like him....cool.
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Post by po1nt on Mar 3, 2014 7:05:47 GMT -8
So question from a TA noob...does it matter that we opened below daily SMA-20? One could argue that's its more bullish that it opened up below and was quickly bought back up above.
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Mav
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Post by Mav on Mar 3, 2014 7:08:24 GMT -8
Depends on your baseline. He said he doesn't care about the bloody ROI on those controversial corporate responsibility/awareness initiatives, not the company in general. And even if he just said bloody ROI, isn't there, uh, a whole bunch of quarters of history of gross margins? (Evidence is pretty clear great majority of GM impact lately has been iPad mix, some iPhone 4 mix and deferrals with a side of currency.)
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Post by Deleted on Mar 3, 2014 7:08:52 GMT -8
I don't have to read an article, especially on Seeking Alpha (of all places) to learn if Tim Cook cares about the stock price. Of course he does, presiding over a company that's competing for talent via compensation and the value of stock options. Like, duh! No - you don't have to do ANYTHING your pretty little head doesn't want to do - but I am of the opinion that one should be aware of all that is out there. Like I said earlier, I wouldn't be surprised if we are up on the day...and so far it looks like it could be going that way --- but it's all about the close. Oh, I'm fine that others are willing to wade through that garbage dump of a site. Thanks for your efforts. On occasion, there's a pearl, but I'm unwilling muss up my hair amidst the trash. Really, it's a big problem of current journalism: little accountability, undisclosed agendas, hit-and-run opinion, etc.
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Mav
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Post by Mav on Mar 3, 2014 7:11:11 GMT -8
Seeking Alpha is half-an-article slightly-better-than- StockTwits IMHO. Thanks to those here who curate - there's a TON of rough in SA.
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Post by Deleted on Mar 3, 2014 7:13:01 GMT -8
LOL to Forbes that predicted Peter Oppenheimer's retirement out of the blue last week. I mean, there should be a way to tar and feather these reporters in a more public way.
CHUCK JONES: TAKE YOUR FLOGGING!
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Post by rickag on Mar 3, 2014 7:41:57 GMT -8
The question I have is, "what the large fund managers think". What I think has absolutely no affect on the stock, unfortunately .
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Post by larrydoyle on Mar 3, 2014 7:42:39 GMT -8
I disagree. What is the biggest slam on Tim Cook? Not that he doesn't care about the numbers, certainly. It's that he lacks vision and conviction, particularly in comparison. Who else would have happily called out an investor publicly and told him he didn't give a shit about profits? It was theater, and well-played. It's an old trope in politics to become outraged in defense of something most people believe in. And it always works. Tim got mad because somebody wanted to weigh the kittens.
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Post by firestorm on Mar 3, 2014 8:07:15 GMT -8
I disagree. What is the biggest slam on Tim Cook? Not that he doesn't care about the numbers, certainly. It's that he lacks vision and conviction, particularly in comparison. Who else would have happily called out an investor publicly and told him he didn't give a shit about profits? It was theater, and well-played. It's an old trope in politics to become outraged in defense of something most people believe in. And it always works. Tim got mad because somebody wanted to weigh the kittens. Really a good point, Larry. I suspect that Tim Cook was expecting this question and had the response on the tip of his tongue. It was also a well-orchestrated distraction from "the vision thing."
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Post by Lstream on Mar 3, 2014 8:43:26 GMT -8
No - you don't have to do ANYTHING your pretty little head doesn't want to do - but I am of the opinion that one should be aware of all that is out there. Like I said earlier, I wouldn't be surprised if we are up on the day...and so far it looks like it could be going that way --- but it's all about the close. Oh, I'm fine that others are willing to wade through that garbage dump of a site. Thanks for your efforts. On occasion, there's a pearl, but I'm unwilling muss up my hair amidst the trash. Really, it's a big problem of current journalism: little accountability, undisclosed agendas, hit-and-run opinion, etc. That story can be read on the author's blog, without going anywhere near SA.
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Post by rickag on Mar 3, 2014 9:04:50 GMT -8
Just for anyone interested.
Apple was at the top of the Selling on Strength this morning.
Now it is not on the Buying on Weakness list.
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Post by Deleted on Mar 3, 2014 9:19:09 GMT -8
I know people love to believe in evil MM, but do you guys realize Apple spent 14B in 2 weeks buying Apple shares and it didn't even move the stock price. That's 20% of Goldman Sachs entire market cap.
I'd really be surprised if Goldman Sachs or any other Wall Street firm was able to significantly move Apple's share price by buying or selling stock. The company is just too massive.
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Post by rickag on Mar 3, 2014 10:26:00 GMT -8
I know people love to believe in evil MM, but do you guys realize Apple spent 14B in 2 weeks buying Apple shares and it didn't even move the stock price. That's 20% of Goldman Sachs entire market cap. I'd really be surprised if Goldman Sachs or any other Wall Street firm was able to significantly move Apple's share price by buying or selling stock. The company is just too massive. I agree, but of the $14 billion only $2 billion were open market. Money changed hands but the purchase of the remaining $12 billion shares may not have or at least not on the open market.
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Post by Deleted on Mar 3, 2014 10:27:54 GMT -8
I know people love to believe in evil MM, but do you guys realize Apple spent 14B in 2 weeks buying Apple shares and it didn't even move the stock price. That's 20% of Goldman Sachs entire market cap. I'd really be surprised if Goldman Sachs or any other Wall Street firm was able to significantly move Apple's share price by buying or selling stock. The company is just too massive. I agree, but of the $14 billion only $2 billion were open market. Money changed hands but the purchase of the remaining $12 billion shares may not have or at least not on the open market. OK, but even 2B is not a tiny sum for firms...does anyone really think Goldman Sachs has 2B spare sitting around that they use solely to influence the stock price of the most difficult stock to manipulate?
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Post by Deleted on Mar 3, 2014 10:28:28 GMT -8
I just wish we were talking about the dangers of being parabolic up again... It's been so long since there's been a nice run straight up.
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JDSoCal
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Post by JDSoCal on Mar 3, 2014 10:50:20 GMT -8
Very good article, and I agree that Cook came off as arrogant, at least from the reports. And let's not make ad hominems simply because someone's article was picked up on SA. ******* Wondering if CarPlay will come out in aftermarket head units soon, since that is very important to the iOS share.
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