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Post by phoebear611 on May 22, 2014 3:10:11 GMT -8
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Post by artman1033 on May 22, 2014 3:50:51 GMT -8
THIS is the question for ALL stocks and indexes:
turnaround thursday. who is going to want to hold this pig going in to a three day weekend?
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Post by Red Shirted Ensign on May 22, 2014 4:11:21 GMT -8
THIS is the question for ALL stocks and indexes: turnaround thursday. who is going to want to hold this pig going in to a three day weekend? I'm afraid I don't follow.....?
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Post by phoebear611 on May 22, 2014 4:48:40 GMT -8
THIS is the question for ALL stocks and indexes: turnaround thursday. who is going to want to hold this pig going in to a three day weekend? I'm afraid I don't follow.....? Hold WHAT pig? Equities? AAPL in particular? What are you trying to say? If it's either then it all depends. Longer term traders will hold - day traders will sell and go out flat. What's the point you are trying to make - not sure?
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Post by ericinaustin on May 22, 2014 5:44:02 GMT -8
I'll step up now and make a prediction that Apple brings out it's I watch during WWDC. Little rumors here and there about some hardware being shown are popping up all over the Inter tubes . We all know a wearable is coming. Of all products this one will absolutely depend on good apps and good developer products making it a success. It just makes too much sense that this is when they would bring this product out.
So several things will be going on that week. WWDC buzz in general, stock split, and what I think will be the I watch announcement. That might be one week to take a real flyer on weekly options. If you like to gamble. I think we will see a huge pop that week.
Eric in Austin
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chinacat
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AAPL Long since 2006
Posts: 4,433
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Post by chinacat on May 22, 2014 6:57:43 GMT -8
During his time as ops chief, Tim Cook demonstrated his ability to manage long-term schedules. Now, suddenly it seems like the latest one is finally coming together, as impatient as we all have been.
The stock split takes effect June 2, and whattayaknow, WWDC begins the same day. Even if AAPL just holds 602 between now and then, that's a post-split price of 86. If there is indeed a hardware announcement of some kind at WWDC, then 3 days after it ends the new shares show up at a price somewhere between 86 and 100. It is certainly not impossible that AAPL is at an ATH just as the buzz begins to build for the annual September revelations, followed by the holiday quarter and the first Asian New Year quarter with China Mobile fully up to speed and Japan well established.
Call me Pollyanna, and it certainly has been a long, frustrating two year wait, but I do believe that I see a pretty bright light at the end of this dark tunnel.
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Post by archibaldtuttle on May 22, 2014 7:28:45 GMT -8
I like the effect the split will have, but keep in mind that hardware announcements have often been met with skepticism and immediate selling. "Sell as soon as the announcement starts" has been an effective strategy in some years.
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Post by pauls on May 22, 2014 7:35:10 GMT -8
"Call me Pollyanna, and it certainly has been a long, frustrating two year wait, but I do believe that I see a pretty bright light at the end of this dark tunnel."
+1. Getting brighter....
Apple seems much more in control of their story, finally, and TC is confident. It's going to be a good '14. '15 looks even better.
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Post by pauls on May 22, 2014 7:35:28 GMT -8
double post
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Post by appledoc on May 22, 2014 9:12:27 GMT -8
"Call me Pollyanna, and it certainly has been a long, frustrating two year wait, but I do believe that I see a pretty bright light at the end of this dark tunnel." +1. Getting brighter.... Apple seems much more in control of their story, finally, and TC is confident. It's going to be a good '14. '15 looks even better. Same was said about 2013 and 2014. Even though I'm expecting the iPhone 6 to be an absolute game changer, they need to deliver on a new category soon.
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Post by moltenfire on May 22, 2014 10:25:20 GMT -8
Liftoff!
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on May 22, 2014 10:37:58 GMT -8
Apple doesn't announce new hardware at software conferences.
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Post by nathanstevens on May 22, 2014 10:46:01 GMT -8
Apple doesn't announce new hardware at software conferences. But apple could announce some screen resolution independent features to Xcode and ios8 that would tip their hand...officially.
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Post by pauls on May 22, 2014 11:18:26 GMT -8
"Call me Pollyanna, and it certainly has been a long, frustrating two year wait, but I do believe that I see a pretty bright light at the end of this dark tunnel." +1. Getting brighter.... Apple seems much more in control of their story, finally, and TC is confident. It's going to be a good '14. '15 looks even better. Same was said about 2013 and 2014. Even though I'm expecting the iPhone 6 to be an absolute game changer, they need to deliver on a new category soon. True. But '13 was notable for unanswered questions. Already in '14 we have one huge question answered-- What to do about the massive cash pile, and what does it tell us about the future? The buybacks are a huge tell that management doesn't intend to disappoint. But yes, they DO need to deliver on a new category soon. Preferably multiple new categories. I feel that the post-Jobs transition to a New Apple is well underway, and the course is plotted. If I didn't believe this, I would be lightening up right around now.
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Post by macwire on May 22, 2014 11:28:18 GMT -8
Continue to maintain that anyone holding for a hardware pop is gambling at roulette. Good luck to you if so but I will have bailed on my longs or at least be left holding risk less runners at that point tomorrow will be dead. Expect us to get pinned 607.49. No way we climb 610 on no volume and robot trading
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Post by Luckychoices on May 22, 2014 11:30:03 GMT -8
Going up for sale on June 9th? Hmmm. What else is happing on June 9th? ========================= Original Apple 'rainbow' HQ signs to go up for auction in June 9 updated 11:51 am EDT, Mon May 19, 2014 Signs expected to sell for at least $10,000 Two old exterior signs that hung at Apple's Cupertino headquarters -- using the company's original rainbow color scheme -- are scheduled to go up for auction in June, reports note. One measures 46x49 inches, and is made of foam. The other is only 33.5x36, but is constructed with metal-backed fiberglass. The pair both show signs of wear; that however is generally expected to raise their value. Current estimates peg their final sale price at between $10,000 and $15,000. The rainbow Apple logo was designed by Rob Janoff, and used from 1977 until the late 1990s, making it the company's most recognizable icon. The use of multiple colors was meant to add the illusion of emotional warmth, and reinforce the fact that the Apple II -- Apple's first truly successful product -- was able to display color at a time when many computers still had monochrome output. Read more: www.macnn.com/articles/14/05/19/signs.expected.to.sell.for.at.least.10000/#ixzz32TS6pdLa
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JDSoCal
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Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on May 22, 2014 11:38:25 GMT -8
Pain kicking in. Made a halfhearted attempt to open a 607.50-610 put spread near the HotD, but I am just too damned cheap with my bids.
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JDSoCal
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Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on May 22, 2014 12:06:28 GMT -8
Well that's weird. Why did 610 and 607.50 suddenly lose support?!?! Beware the 604.99 close tomorrow. BTFD!
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chinacat
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AAPL Long since 2006
Posts: 4,433
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Post by chinacat on May 22, 2014 15:07:47 GMT -8
Continue to maintain that anyone holding for a hardware pop is gambling at roulette. Apologies for a shareholder/non-trader posting in the Intraday thread, hence I'm not necessarily looking for a short term pop. But it does seem to me that it will be difficult at this WWDC not have some things that hint at what is to happen in the Fall, at least enough to fuel speculation even if no declarative statements are forthcoming. I just think that the timing of the split is too coincidental not to have been planned to take advantage of the building momentum as we get closer September. But then again, I thought the last earnings call would be boringly pro forma, so what do I know?
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Post by phoebear611 on May 22, 2014 16:14:47 GMT -8
Hey all - JD was kind enough to point out that the link to TheStreet.com on the morning post was broken. I just fixed it - sorry about that.
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JDSoCal
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Post by JDSoCal on May 22, 2014 16:37:04 GMT -8
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chinacat
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AAPL Long since 2006
Posts: 4,433
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Post by chinacat on May 22, 2014 16:51:06 GMT -8
Not sure I agree with much of the Forbes article Straight Outta Cupertino, but it does contain one interesting tidbit: "But that logic misses one key point: tax. If Apple acquires Beats, it could actually include Beats Legal entities that are based in Ireland. Beats Electronics Holding Limited was established in 2012, giving Beats tax residency in Ireland. Depending upon how a potential acquisition is structured, this could allow Apple to make the purchase with foreign funds that have not been repatriated to the U.S. As I reported in October, corporate M&A decisions are increasingly being driven by offshore tax policy. It’s hard to argue the business logic of using offshore income to acquire foreign companies versus bringing the money back into the U.S. for a domestic acquisition. Following the rough tax math of a foreign acquisition, Apple’s $3.2 billion bid would really be more like $2 billion if the transaction could take place in Ireland. Considering the fact that Apple currently has approximately $54 billion in cash parked offshore, the benefits of doing a foreign acquisition over repatriating that cash back into the U.S. become even more apparent." I would be very surprised if that is the driving factor behind the possible buyout, but that along with perhaps an equity position for Iovine if he joins in some sort of executive capacity starts to make the deal look a lot cheaper.
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