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Post by phoebear611 on Apr 2, 2014 1:48:37 GMT -8
Good morning - Happy Over the Hump Day! - Asian as well as European markets mostly up - U.S. futures green again this morning - AAPL showing a green arrow in PM (+1.35) @ $543 as I type in the wee hours of the morning Economic calendar today:8:15 am ADP employment 10 am Factory orders News on AAPL: - Interesting stat from ValueWalk: "Apple Inc. presently holds $158.8 billion in cash, which is almost 30 times the amount it had in 2004, when the iPhone maker had just $5.46 billion in cash reserves. The Cupertino-based firm accounts for 9.7% of total corporate cash outside the financial sector." - Foss Patents carrying an article this morning titled: "In 49 months of holy war, Apple has not proved that it owns any feature other than rubber-banding" ... read at your leasure si vous plait. - BBC Tech news also carrying news on the trial - but no surprises there either. - Schiller's accusation yesterday against Samsung has some merit: "Schiller Says Samsung Has ‘Caused People To Question’ Apple Innovations"Read more at www.cultofmac.com/272679/schiller-says-samsung-caused-people-question-apple-innovations/#JwW3jm70gBSMUDAS.99Most technicians out there are looking at how much the Bollinger Bands are being further squeezed in AAPL signaling a big move and suggesting it is looking like up. Let's hope we have more of yesterday's action today. Enjoy your trading day!
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Post by appledoc on Apr 2, 2014 5:00:02 GMT -8
Most technicians out there are looking at how much the Bollinger Bands are being further squeezed in AAPL signaling a big move and suggesting it is looking like up. Let's hope we have more of yesterday's action today Yes. I think it's only a matter of time. Last week was a fake out. Need the bands to open up here so we can create some room to run. I wouldn't make any moves until we eclipse 572 though.
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Post by artman1033 on Apr 2, 2014 5:31:50 GMT -8
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Post by artman1033 on Apr 2, 2014 5:45:39 GMT -8
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Deleted
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Post by Deleted on Apr 2, 2014 5:47:57 GMT -8
Oh great, he was Head Finance Executive at GM...the company now under fire for avoiding a recall to replace a 50 cent part which ended up killing over a dozen people.
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Post by artman1033 on Apr 2, 2014 5:52:34 GMT -8
Oh great, he was Head Finance Executive at GM...the company now under fire for avoiding a recall to replace a 50 cent part which ended up killing over a dozen people. He was the head finance guy for GM in EUROPE. I don't think very many Chevy Cobalts were sold in Europe. I don't think a finance guy has ever had much influence in product development at APPLE
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Post by macwire on Apr 2, 2014 6:29:41 GMT -8
Aapl is working hard today. Trying anyways.
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Post by Lstream on Apr 2, 2014 6:49:43 GMT -8
Oh great, he was Head Finance Executive at GM...the company now under fire for avoiding a recall to replace a 50 cent part which ended up killing over a dozen people. LOL. Sometimes what I read here is just too much. Go work for Business Insider. You are a natural. Trying to pin this decision on a finance guy, and thereby implying he is unfit for the job at Apple is flat out ridiculous.
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Deleted
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Post by Deleted on Apr 2, 2014 7:17:50 GMT -8
No Im not implying anything...Im sure there hundreds or thousands of very good workers from GM. It was more of a joke, not sure why people get so defensive...
Though being a top finance guy at bankrupt GM isnt something Id want at the top of my resume
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Deleted
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Post by Deleted on Apr 2, 2014 7:24:08 GMT -8
Oh great, he was Head Finance Executive at GM...the company now under fire for avoiding a recall to replace a 50 cent part which ended up killing over a dozen people. LOL. Sometimes what I read here is just too much. Go work for Business Insider. You are a natural. Trying to pin this decision on a finance guy, and thereby implying he is unfit for the job at Apple is flat out ridiculous. Also, while I'm sure it wasn't his decision and I wasn't implying before it was, to try and say that a decision isn't primarily driven by a Finance guy is a little ridiculous. What else matters to GM other than the Finances of a decision? It obviously wasn't Customer Safety or they would have ordered the recall, as it's been shown that top executives knew about the problem from the beginning. My guess... Estimated losses from Wrongful Death Lawsuits blamed on faulty part were less than the cost of a recall.
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JDSoCal
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Post by JDSoCal on Apr 2, 2014 10:26:27 GMT -8
Speaking of terrible companies, Best Buy is the worst. And yes, their one function is as a showroom - not that they have much I'd want to look at. I did recently buy something there about a month or so ago on a whim (Battlefield 4, which I have yet to install), and yes, they are still pulling the same bait and switch horseshit where they put one price on their Website, and another higher one in-store. That was a lot easier to get away with before every person in America had a smartphone. But they are still doing it! Forget Amazon, they don't even price match themselves unless you catch them. When they go under, I will laugh, just like I did with Circuit City.
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bud777
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Post by bud777 on Apr 2, 2014 11:50:22 GMT -8
These spikes at the end of the session are interesting. Can it be that institutions are building up their positions ahead of earnings? We really have not seen the effect of CM yet. If I assume that earnings will stay within the band, perhaps we will see a surprise in guidance that reflects CM coming on line. To me this is a much bigger story for Apple this year than iPhone Next or iCatagories. I wonder if it will continue through Friday.
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Post by appledoc on Apr 2, 2014 12:04:44 GMT -8
I like. Finding support at important moving averages the past few days. Could get a golden cross next week.
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Post by firestorm on Apr 2, 2014 12:07:26 GMT -8
Can we please keep the politics off this forum? It is poison and serves no point.
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JDSoCal
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Post by JDSoCal on Apr 2, 2014 12:58:09 GMT -8
Can we please keep the politics off this forum? It is poison and serves no point. I will have no compunction about calling out bullshit, and if that requires a political angle, so be it. There is a very effective ignore feature for those who may cause you butthurt. Ask me how I know.
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Post by rickag on Apr 2, 2014 13:24:56 GMT -8
Opened with a gap up, closed the gap, finished up for the day. Life is good. Er um, kind of.
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Post by firestorm on Apr 2, 2014 13:32:19 GMT -8
Can we please keep the politics off this forum? It is poison and serves no point. I will have no compunction about calling out bullshit, and if that requires a political angle, so be it. There is a very effective ignore feature for those who may cause you butthurt. Ask me how I know. Nice. You are starting to remind me of my hemorrhoids.
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Post by phoebear611 on Apr 2, 2014 16:16:05 GMT -8
Fellas - GM's bankruptcy had EVERYTHING to do with the unions. We shouldn't try to re-write history. It was what it was but let's stay focused on AAPL. Did anyone hear anything about the trial today? I haven't heard or seen anything however I doubt that anything earth-shattering will come from this case. I'm surprised no one commented on AMZN's (so to speak) TV on the forum. I have to tell you that I'm beginning to sense that WS is just about done giving Bezos a pass any longer. If earnings aren't good this qtr. this stock could plummet....poor Jeffie!
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Post by rickag on Apr 2, 2014 16:35:33 GMT -8
Fellas - GM's bankruptcy had EVERYTHING to do with the unions. We shouldn't try to re-write history. It was what it was but let's stay focused on AAPL. Did anyone hear anything about the trial today? I haven't heard or seen anything however I doubt that anything earth-shattering will come from this case. I'm surprised no one commented on AMZN's (so to speak) TV on the forum. I have to tell you that I'm beginning to sense that WS is just about done giving Bezos a pass any longer. If earnings aren't good this qtr. this stock could plummet....poor Jeffie! Concerning Amazon's set top box. If I were a content owner I would be very suspicious of any deals with Amazon after how Amazon screwed over the publishing industry. Amazon is an extreme predator with apparently no regard for making a profit and crushing anyone or any business.
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Post by phoebear611 on Apr 2, 2014 19:17:50 GMT -8
I find it difficult to demonize CEO's pay in general since the companies they head (for the most part) provide a good service to society through goods, jobs , etc. Why don't we go after actors and actresses or sports personalities for the ridiculous salaries they get paid - and for WHAT?! IMHO it cracks me up when I hear the people in Hollywood complaining about the ills of society when they command so much money to play dress up and act. The city of Detroit is bankrupt but did anyone see what Cabrera asked for and got ?! The world has it's priorities screwed up and it isn't only the US - just look at what soccer players make. The whole thing is effed up. So it's hard to get annoyed at CEO pay when I see more egregious examples. I think your frustration is more about what may be viewed as lack of performance in some aspects on TC 's part . Hell, if he was performing on all cylinders, we wouldn't be discussing what CEOs make.
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Post by Deleted on Apr 2, 2014 19:32:58 GMT -8
I find it difficult to demonize CEO's pay in general since the companies they head (for the most part) provide a good service to society through goods, jobs , etc. Why don't we go after actors and actresses or sports personalities for the ridiculous salaries they get paid - and for WHAT?! IMHO it cracks me up when I hear the people in Hollywood complaining about the ills of society when they command so much money to play dress up and act. The city of Detroit is bankrupt but did anyone see what Cabrera asked for and got ?! The world has it's priorities screwed up and it isn't only the US - just look at what soccer players make. The whole thing is effed up. So it's hard to get annoyed at CEO pay when I see more egregious examples. I think your frustration is more about what may be viewed as lack of performance in some aspects on TC 's part . Hell, if he was performing on all cylinders, we wouldn't be discussing what CEOs make. It's not really Tim Cook I have the issue with...it's stuff exactly like Detroit. The city builds a stadium for the Hockey team, Football Team and Baseball team, all run by Billionaire owners. Then gives them tax breaks galore while the teams make tens of millions per year. The city goes bankrupt while the owners of the football teams make off with Billions, the Players make tens of millions and the average family can't afford to go to a Football game and most are forced to leave Detroit because all the jobs are gone. Who ends up paying for these stadiums? The soccer mom who can't afford to take her kids to see the Red Wings. I know I sound bitter, and I'm far from it...I've got a well paying IT job and could work anywhere I want. I'm more worried about my new born child and what kind of future she'll grow up with...unless I want to pay $300,000 (and I'm sure it'll be much more in 20 years) for her to have a degree from a great school. I just see the divide between rich and poor increasing every year and I'm wondering when it stops.
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Post by mace on Apr 2, 2014 19:58:39 GMT -8
I believe many engineers left for companies like Nest, FB, Google and start ups after Oct 2011. TC has a tough job stabilizing the company.
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Mav
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Post by Mav on Apr 2, 2014 20:21:59 GMT -8
Huh?
A7, Mace. Touch ID. Heck, iOS 7 isn't too shabby as a rush update. Apple has the talent it needs, though it obviously needs to clean things up here and there (like the iOS 4-era Made for iPhone logo)
Apple lacks "faith" from Wall Street. And growth, for the moment.
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Post by Deleted on Apr 2, 2014 20:48:33 GMT -8
Apple has lost some talent post-Steve and may explain why we're still speculating about new product categories instead of recalibrating 2014 growth. Attrition is normal though for tech companies, no?
But yeah, I don't see any problems with Apple's core products, iPhone, iPad and Mac (Scotty, need more Mac Pros built!).
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Mav
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Post by Mav on Apr 2, 2014 21:00:30 GMT -8
Let's be honest Mercel. Apple is a $160B company this year. I think.
Business realities/physics, not large numbers, make it tough for Apple to grow 20%+ YOY at this stage. I don't think a talent shortfall or a big screen iPhone would make up the "difference"
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Deleted
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Post by Deleted on Apr 2, 2014 21:16:10 GMT -8
I'm saying something different. If Apple managed its growth 20% a year (and margins through deferred revenue) since 2007, EPS would be a shadow of what Apple reports April 23. WS LOVES 20% growth; they HATE 100% growth for a number a years that later shrink to flat.
So, WS penalizes Apple for its success. It's bat shit crazy.
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Post by Lstream on Apr 2, 2014 21:41:59 GMT -8
None of this has anything to do with what this board is supposed to be about. And the level of political debate here is amateurish, on top of that. None of it is informative, certainly. I suggest you all cut that out. And I'd further suggest that JDSoCal drop his avatar. It's aggravating to see that face attached to his ideas. In fact, I'd suggest that everyone not use an avatar that suggests they are simpatico with the company or any of its leaders. (Pirates and puppets are fine.) As long as it's respectful, I don't see the issue...what is there really to talk about with AAPL? We already know what Apple will report for earnings in April, probably within 3%. There's been no new product even close to the horizon and nothing has come out since November. I'm trying to think of the last interesting Apple news other than earnings...China Mobile perhaps? I will add my voice to the pile saying these posts have no place here.
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Mav
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Post by Mav on Apr 2, 2014 22:30:04 GMT -8
I'm saying something different. If Apple managed its growth 20% a year (and margins through deferred revenue) since 2007, EPS would be a shadow of what Apple reports April 23. WS LOVES 20% growth; they HATE 100% growth for a number a years that later shrink to flat. So, WS penalizes Apple for its success. It's bat shit crazy. Well, of course. But WS, for some companies anyway, will turn "what have you done in the past few quarters" (or even more myopic) in a heartbeat. Apple needs some growth. Probably needs until the latter half of the year to show signs, but that's not exactly a surprise. So, waiting game goes on. "PS": Hey. At least AMZN and NFLX are off their highs, right?
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