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Post by phoebear611 on Mar 11, 2014 4:01:47 GMT -8
Good Morning folks ~ this whole "spring forward" time change has wreaked havoc with my schedule...sorry for the late start but it's nice to awaken to AAPL +3.58 first thing in the morning (and I believe it was up close to $5 earlier). I assume you all downloaded your iOS 7 last night - not sure what it does or the difference yet but guess I will find out today when I play with it a bit. Downloading these things is getting to be like resetting blinking clocks all over the house when the power goes out. Four iPhones and five iPads around this house so need to download each one. I shouldn't be complaining - that should be my biggest problem today!
Pacific Crest Upgrades Apple to Outperform, "One of the cheapest mega-cap tech stocks that is still growing"
Meanwhile the iTunes Festival begins today - perhaps some good or at least positive coverage from there!?
Additionally: The LA Times reported late Monday that Apple has begun pressuring major record labels to conduct new releases exclusively through the iTunes store. (Antitrust issues? Not sure but that will be the outcry)
Lastly, one piece of news I was surprised to read this morning: "Apple has significantly increased its M&A spend over the last five quarters, topping Google for the first time in 2013 ($1.61 bn vs. $1.45 bn, adjusted)." (from Seeking Alpha)
On a totally unrelated note - the Malaysia plane continues to STILL be missing. No traces - search area expanded. Can't even imagine what it is like for those families waiting to some crumb of news. Insane.
Enjoy the day!
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Post by po1nt on Mar 11, 2014 5:21:23 GMT -8
On a totally unrelated note - the Malaysia plane continues to STILL be missing. No traces - search area expanded. Can't even imagine what it is like for those families waiting to some crumb of news. Insane. It really is a trip, reminds me of LOST
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Post by artman1033 on Mar 11, 2014 5:28:06 GMT -8
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Post by Deleted on Mar 11, 2014 5:43:15 GMT -8
I've lost what little faith I had in the US Patent system...I'd really be surprised if anything ever comes from this, other than a negligible fine/damages. Good luck getting anything close to $40/device. Good luck getting $1/device for that matter
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Post by phoebear611 on Mar 11, 2014 5:59:23 GMT -8
Dare I say - let it rip?
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Post by appledoc on Mar 11, 2014 6:06:43 GMT -8
Hot start. Let's keep it up.
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Post by phoebear611 on Mar 11, 2014 6:16:50 GMT -8
Any levels to be watching for Doc?
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Post by firestorm on Mar 11, 2014 6:17:11 GMT -8
AAPL forgot to spring forward yesterday, so the clock was frantically reset this morning.
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Post by socal Film Composer on Mar 11, 2014 6:38:20 GMT -8
Above, 50 day, yes??? don't w a n t to j i n x
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Post by phoebear611 on Mar 11, 2014 6:54:58 GMT -8
On a totally unrelated note - the Malaysia plane continues to STILL be missing. No traces - search area expanded. Can't even imagine what it is like for those families waiting to some crumb of news. Insane. It really is a trip, reminds me of LOSTI thought the same damn thing!
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Post by po1nt on Mar 11, 2014 7:19:14 GMT -8
VXAPL is WAY low folks...
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bud777
fire starter
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Post by bud777 on Mar 11, 2014 7:47:07 GMT -8
This low VXAPL seems like an opportunity. My experience so far has just been to hold common and sell covered calls. What is the best way to play the VXAPL? My guess is to buy OTM calls and wait for volatility to rise before earnings, then sell to close. Do I have it right? I have an aversion to buying options, but this looks intriguing. Any advice? Why would this be a bad idea?
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Post by po1nt on Mar 11, 2014 8:01:04 GMT -8
This low VXAPL seems like an opportunity. My experience so far has just been to hold common and sell covered calls. What is the best way to play the VXAPL? My guess is to buy OTM calls and wait for volatility to rise before earnings, then sell to close. Do I have it right? I have an aversion to buying options, but this looks intriguing. Any advice? Why would this be a bad idea? You got it right, Bud. Assuming you it the direction right(calls vs puts) then you will see a double wammy from price increase and the vxapl rise.
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Post by artman1033 on Mar 11, 2014 11:25:50 GMT -8
OOOH!
The iPhone AIR
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Post by Deleted on Mar 11, 2014 11:31:43 GMT -8
Well that was a terrible afternoon...hopefully we can stay above $535. Better than the overall market at least.
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Post by po1nt on Mar 11, 2014 11:41:28 GMT -8
VXAPL on the move! If we can hold the 50 and 100-Day were lookin good folks
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Mav
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Post by Mav on Mar 11, 2014 12:00:18 GMT -8
AAPL did pretty well! I bought back in with the change under the couch.
Disclaimer: I have been known as a contrarian signal
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Post by firestorm on Mar 11, 2014 12:45:51 GMT -8
Slate has an article on today's upgrade of AAPL: goo.gl/fw7qNX. Three aspects of the piece about Pacific Crest's analysis struck me: that only one larger phone will be produced (4.7"), that the price with contract will increase to $299 (enhancing margins), and that the stock will take off when a new product category is announced. As for the latter point, I have come back into the stock banking on a sudden and unexpected dramatic rise in the stock price in anticipation of the new product, although expect to sell at least part of the stock before the next earnings announcement or the new product unveiling, whichever comes first.
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Mav
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Post by Mav on Mar 11, 2014 13:39:48 GMT -8
Whichever analyst thinks Apple will RAISE the entry-level iPhone price to $299 given similar-enough subsidies to current levels needs to back off the sauce. It goes 100% against Apple's margin strategy ever since the drop from 47% gross margins.
That and it shrinks the addressable market, particularly if that price increase carries over to China.
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Post by artman1033 on Mar 11, 2014 15:30:16 GMT -8
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Post by Volvocoupe on Mar 11, 2014 15:40:11 GMT -8
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Mav
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Post by Mav on Mar 11, 2014 15:43:19 GMT -8
Annnnnd footnote 1 says
"1. This transaction was made pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 24, 2013, as amended on November 17, 2013."
It's certainly fair to ask why Apple execs don't hold more stock (which Apple will address by the end of next year, kind of), but maybe that's more an annual shareholder meeting thing than reacting to a trading plan thing.
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Post by artman1033 on Mar 11, 2014 16:04:21 GMT -8
YES he planned to sell ALL his AAPL back in November.He is a finance guy. He has money. He simply has better investments than AAPL.He is to receive +14,000 shares of AAPL in April. Is he planning on selling them right away TOO?
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Post by phoebear611 on Mar 11, 2014 16:20:13 GMT -8
YES he planned to sell ALL his AAPL back in November.He is a finance guy. He has money. He simply has better investments than AAPL.He is to receive +14,000 shares of AAPL in April. Is he planning on selling them right away TOO? Seriously, it is prudent to sell and diversify -- especially if you work for a company that you hold stock in. It doesn't mean you should sell everything but you should be selling nonetheless. To have your livelihood and your personal wealth tied to one company is just not the right thing to do. I wouldn't - even if I worked for AAPL - and I would urge all officers there to do the same. Diversify...you're in it for the long haul and not just trading.
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Mav
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Post by Mav on Mar 11, 2014 16:47:59 GMT -8
Very few Apple execs held on to their vested RSUs/stock awards/whatever over the years IIRC. This isn't a new "problem" (optics, that's another thing). The "new problem" is AAPL's share price.
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Post by Deleted on Mar 11, 2014 16:54:42 GMT -8
That's not promising...if someone who has more info on Apple's finances than just about anyone is selling, why shouldn't everyone else?
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Post by Deleted on Mar 11, 2014 17:00:05 GMT -8
YES he planned to sell ALL his AAPL back in November.He is a finance guy. He has money. He simply has better investments than AAPL.He is to receive +14,000 shares of AAPL in April. Is he planning on selling them right away TOO? Seriously, it is prudent to sell and diversify -- especially if you work for a company that you hold stock in. It doesn't mean you should sell everything but you should be selling nonetheless. To have your livelihood and your personal wealth tied to one company is just not the right thing to do. I wouldn't - even if I worked for AAPL - and I would urge all officers there to do the same. Diversify...you're in it for the long haul and not just trading. While I agree with you for the most part, it's not like he's making $60,000/year and investing all his extra money in "InsertSmallCompanyStockSymbolHere". That would be foolish. He's probably got $100M and making $20M/year+ when he becomes the CFO? I wouldn't think it'd be a problem to hold a majority of his wealth (not all), in the largest company in the world. Bill Gates for example holds almost his wealth in MSFT. Warren Buffett in Berkshire Hathoway...etc. Why not invest in what you know better and have more legal insider information in than anyone? Is there a good reason?
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Post by artman1033 on Mar 11, 2014 17:06:09 GMT -8
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Post by jmolloy on Mar 11, 2014 17:20:09 GMT -8
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Post by phoebear611 on Mar 11, 2014 17:39:10 GMT -8
Seriously, it is prudent to sell and diversify -- especially if you work for a company that you hold stock in. It doesn't mean you should sell everything but you should be selling nonetheless. To have your livelihood and your personal wealth tied to one company is just not the right thing to do. I wouldn't - even if I worked for AAPL - and I would urge all officers there to do the same. Diversify...you're in it for the long haul and not just trading. While I agree with you for the most part, it's not like he's making $60,000/year and investing all his extra money in "InsertSmallCompanyStockSymbolHere". That would be foolish. He's probably got $100M and making $20M/year+ when he becomes the CFO? I wouldn't think it'd be a problem to hold a majority of his wealth (not all), in the largest company in the world. Bill Gates for example holds almost his wealth in MSFT. Warren Buffett in Berkshire Hathoway...etc. Why not invest in what you know better and have more legal insider information in than anyone? Is there a good reason? Gates and Buffet founded their respective companies....it's different when you are the founder versus someone who was hired along the way (granted he is an officer - CFO no less - I get it). Most founders rarely sell their stock and when they do, it's a small portion...their emotional attachment is too great.
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