Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 19, 2014 3:37:33 GMT -8
Good morning everyone. Options Expiration. Always a fun day and there are a huge pile of calls at $115. Just saying... AAPL is GREEN this morning, trading at 113.07 +0.42 (0.37%) at 6:10 which is very early to even be looking but I'm still having some jet lag... Major indices are all GREEN as well. Bodes well for the day. In the news: Lots of discussion of iPhone 6 and 6 Plus delivery times decreasing in time for the holidays. Articles at AppleInsider and Electronista. CNBC is on the Apple suppliers accused of 'exhausting' workers bandwagon. In other words there is not much new in the news this morning. Have a great day. Lets make money!
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Post by phoebear611 on Dec 19, 2014 4:10:54 GMT -8
Just a reminder: More than just monthly expiration today - it's Quadruple Witching today don't forget - always weird stuff going on although most large players have already adjusted positions and don't wait for the very last minute. My guess is we get a market pop in morning a bit of a pull back in the afternoon. Seems to be setting up that way but we'll see. Wonder if they'll pull AAPL to the $110 area or let it gravitate to $115? If there is any downtick here close to $110 I'm a buyer. I think markets will continue higher next week. Folks (WS traders, portfolio managers) will start to be out - moves will be exaggerated - I'm thinking upside. We'll see. Anyone out there charting the market or the stock - what type of trader behavior do you see unfolding? By the way - this is all short-term talk - not talking about my core position - I'm always long....AAPL has miles to go before it sleeps...
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Post by artman1033 on Dec 19, 2014 4:49:39 GMT -8
Sammy the walrus covers the BBC ONE HOUR long /Pegatron work issues: "BBC Went Undercover and Visited Apple's Supplier. In 2012, the New York Times ran a series of articles about Apple called "The iEconomy." The series went on to win a Pulitzer Prize for explanatory writing in 2013. The premise was to cast light on the victims of globalization via Apple. While some of the articles were quite damning, with some questioning whether there was a hidden agenda behind the newspaper's target, Apple took the claims and reporting seriously and did in fact discover a series of problems throughout its supply chain. Actions were taken and results were coming in. Fast forward to yesterday and the BBC aired a documentary called "Apple's Broken Promises," which was about going undercover into Pegatron, one of Apple's iPhone assemblers, and discovering numerous problems and shocking observations, according to the three reporters that went undercover. I was able to watch the full video. If you are interested in Apple, I would recommend watching the piece. I thought the first 30 minutes were relatively fair from a reporting standpoint, with some issues at Pegatron that clearly needed to be addressed, but there was nothing to the point of alarming allegations. The second half of the video goes off the deep end, focusing on the very bottom of Apple's supply chain, including tin mining. I really had trouble seeing how many of the problems the BBC pointed out were even able to be influenced by Apple. Rather than pointing fingers at Apple, I thought the BBC should be pointing fingers at society as a whole. The video concludes with a few Ralph Nader comments. He is acting like he has been visiting Apple factories and seeing progress not being made. Apple responded to the BBC very aggressively, saying it strongly disagreed with the program's conclusions. Having watched the film, my main takeaway is that the reporter certainly had an interesting idea and took some risky bets on getting unique footage, but I think the report was stretched a bit too far in order to find a juicy story. It is important to remember that Apple does not own any of these factories or plants and very often these same factories will build products for other tech companies. Given Apple's size and power, the company has been held up to a higher standard when looking at the industry's many wrongs. One can argue on whether that is right or wrong, but Apple has shown the willingness to lead. - BBC" response: www.telegraph.co.uk/technology/apple/11303052/Apple-working-conditions-Tim-Cook.html
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Dec 19, 2014 5:21:30 GMT -8
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Post by artman1033 on Dec 19, 2014 5:31:55 GMT -8
Morgan Stanley's checks indicate Apple iPhone demand is 67M units for the December quarter, above its estimates of 62M units and consensus of 63M. The firm said demand is tracking in-line with supply chain build of 65-70M and expects a channel inventory fill to occur in the March quarter or beyond. Shares are Overweight rated with a $126 price target. This is nothing new. suggested in their last earnings call, aaplfinance.proboards.com/post/71230/threadfrom NANCY: So, due to the size, complexity and different needs of our channels around the world we've determined that a five to seven week average range for both iPhone and iPad channel inventory is more appropriate and that will be our target range going forward. However, given the backlog for our new products, we expect to exit the December quarter within our old four to six weeks target range. That means 's production will increase BEYOND actual final customer sales by a big number, STARTING in April quarter reporting. IMHO: this means, if was predicting sales of 13 million devices in a quarter: 4 to 6 week channel fill inventory = 4 to 6 million extra devices sold to carriers and distributors 5 to 7 week channel fill inventory = 5 to 7 million extra devices sold to carriers and distributor That will be a big number. (2-4 million extra iPhones @$650 ASP =$2.6 Billion in extra sales?)
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Post by artman1033 on Dec 19, 2014 5:39:04 GMT -8
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mark
fire starter
Posts: 1,575
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Post by mark on Dec 19, 2014 6:56:30 GMT -8
Wow! That's incredible. Anyone who wants product last-minute for Christmas gifts can get what they want. Now that's a good use of a powerful supply chain!
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Post by Red Shirted Ensign on Dec 19, 2014 7:14:17 GMT -8
23 million shares traded already... I love quad witching.
As Phoebes noted, if everybody gets their positions rebalanced early in the day, AAPL may have an opportunity to find its own legs in the last couple of hours.....
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Deleted
Deleted Member
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Post by Deleted on Dec 19, 2014 8:48:59 GMT -8
Wonder if they'll pull AAPL to the $110 area Not today.
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Post by phoebear611 on Dec 19, 2014 12:33:47 GMT -8
No Red -I meant a melt up next week would be nice - not happening on OpEx afternoon - the forces are too dark and powerful and moving at "ludicrous speed"!
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Post by rickag on Dec 19, 2014 13:21:20 GMT -8
Trade monster is showing 38 million shares traded in the last minute is that possible?
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Post by macwire on Dec 19, 2014 14:00:21 GMT -8
Trade monster is showing 38 million shares traded in the last minute is that possible? Rebalancing.
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Post by dylkeeg77 on Dec 19, 2014 14:05:52 GMT -8
Huge volume after hours.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Dec 19, 2014 14:23:58 GMT -8
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Post by phoebear611 on Dec 19, 2014 14:32:27 GMT -8
S & P rebalancing ... reason for huge volume ... funds rebalancing
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Post by rickag on Dec 19, 2014 15:22:50 GMT -8
S & P rebalancing ... reason for huge volume ... funds rebalancing Somehow I get the feeling that this will screw me personally.
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Post by artman1033 on Dec 19, 2014 16:15:57 GMT -8
As of October: In April 2014, the Company increased its share repurchase authorization to $90 billion and the quarterly dividend was raised to $0.47 per common share, resulting in an overall increase in its capital return program from $100 billion to over $130 billion. During 2014, the Company utilized $45 billion to repurchase its common stock and paid dividends and dividend equivalents of $11.1 billion. The current share repurchase program is expected to be completed by the end of December 2015. The Company also issued $12.0 billion of long-term debt during 2014 with varying maturities through 2044 and launched a commercial paper program, with $6.3 billion outstanding as of September 27, 2014. files.shareholder.com/downloads/AAPL/3212485839x0x789040/ed3853da-2e3f-448d-adb4-34816c375f5d/2014_Form_10_K_As_Filed.PDF
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Post by rickag on Dec 19, 2014 17:13:34 GMT -8
So, anyone hazard a guess how many shares Apple bought back this quarter.
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