Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 2, 2015 4:00:26 GMT -8
Good morning everyone. Looks like AAPL is starting the New Year right, trading at 110.98 +0.60 (0.54%) at 6:51. Hopefully a foreshadowing of the year to come... Major indices are all GREEN as well. Nothing in the news this morning. Well lucky bags in Japan but that isn't likely to impact our lucky company is it? Have a great day. Let's make money. It's going to be a very good year.
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Post by macwire on Jan 2, 2015 6:45:26 GMT -8
:x gap fill on deck.
Edit: filled.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 2, 2015 7:38:21 GMT -8
The after Christmas sale? As JD says, BTFD.
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Post by macwire on Jan 2, 2015 7:39:28 GMT -8
Wow.
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Post by archibaldtuttle on Jan 2, 2015 7:50:53 GMT -8
Maybe they really are trying to get this down to $100 for options expiration.
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Post by Red Shirted Ensign on Jan 2, 2015 7:53:17 GMT -8
Really, is there any logical reason for this? Is somebody so far on the wrong side of the trade that they are forcing selling? Hitting the stops to flush out the retail guys?
I agree that the BTFD seems in order here, but exactly...when?
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Post by valere on Jan 2, 2015 7:59:31 GMT -8
lots of people sitting on some serious gains waiting till the first day of the year to take profit delaying taxes till April 16
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Post by archibaldtuttle on Jan 2, 2015 8:11:01 GMT -8
I remember the same dynamic was at play in Jan 2008, because I was waiting to sell at the turn of the calendar there... That sell off turned into a waterfall. Let's hope we find some buyers in the next couple days.
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Mav
Member
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Posts: 10,784
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Post by Mav on Jan 2, 2015 8:15:21 GMT -8
Really, is there any logical reason for this? Is somebody so far on the wrong side of the trade that they are forcing selling? Hitting the stops to flush out the retail guys? I agree that the BTFD seems in order here, but exactly...when? That is the hard part, eh.
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Post by Red Shirted Ensign on Jan 2, 2015 8:35:00 GMT -8
I bought a couple of small spreads...March 110/115. Betting that January earnings and a compressed P/E will get us up by then...BWDIK. We could be at 115 next week...or next year.
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Post by macwire on Jan 2, 2015 9:35:14 GMT -8
I nibbled when when 90' RSI was in the teens
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jan 2, 2015 10:21:06 GMT -8
So, CNBC had its worst ratings ever in 2014, so it decided to cleanup its act in 2015 and give up trolling the world's most respected brand with unknown analysts, and actually be an informative and sober financial news channel, instead of tabloid trash. Just kidding, they had some guy named Flip Wilson on today who claimed that Watch would be a flop. I'm sure they'll have him back on for him to offer his mea culpa when he is proven horribly wrong. Or not.
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Post by jmolloy on Jan 2, 2015 11:06:46 GMT -8
They had some guy named Flip Wilson on today who claimed that Watch would be a flop. I'm sure they'll have him back on for him to offer his mea culpa when he is proven horribly wrong. Or not. You sure that wasn't Fred Wilson, the guy who has spent all morning on Twitter saying "I never said it would be a flop"? I have no idea. No where near a TV set. I'm on the beach.
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Post by zzmac on Jan 2, 2015 11:44:13 GMT -8
So, CNBC had its worst ratings ever in 2014, so it decided to cleanup its act in 2015 and give up trolling the world's most respected brand with unknown analysts, and actually be an informative and sober financial news channel, instead of tabloid trash. Just kidding, they had some guy named Flip Wilson on today who claimed that Watch would be a flop. I'm sure they'll have him back on for him to offer his mea culpa when he is proven horribly wrong. Or not. I'm pretty sure that's not the right picture. That looks more like Piper Jaffray's Geraldine Munster who nailed the correct decade for the launch of the Apple TV.
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Post by The Big Toe on Jan 2, 2015 12:46:34 GMT -8
They had some guy named Flip Wilson on today who claimed that Watch would be a flop. I'm sure they'll have him back on for him to offer his mea culpa when he is proven horribly wrong. Or not. You sure that wasn't Fred Wilson, the guy who has spent all morning on Twitter saying "I never said it would be a flop"? I have no idea. No where near a TV set. I'm on the beach. Reading PED's twitter post, Fred Wilson did not say "it would be a flop". He said it won't be as successful as the iphone, ipod, or ipad. If that is the bar for being considered a "success" or a "flop"... damn that is a pretty high bar.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jan 2, 2015 13:00:33 GMT -8
OK, here's the dealio. Wilson's quote on his blog:
I stand by my criticism of CNBC, as they ran with this, as usual, spotlighting any negative they can on Apple. They are tabloid troll scum. In fairness, later in the day, Jon Fortt took an opposing view, that was about 75% right (I won't link to it).
Even Wilson himself was appalled:
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Post by Red Shirted Ensign on Jan 2, 2015 13:09:45 GMT -8
The twitter stream on all of this was fun to monitor, as Carl Quintenea (sp) of CNBC was trying to get Fred to come on the show by phone to "clarify" his already clear statement and ol' Fred just blew him off big time....
Anyone not familiar with Fred Wilson might look up his history. as a VC he has a lot of credibility in the tech space and his been both very right and very wrong in some of his insights on tech direction.
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Post by rob_london on Jan 2, 2015 14:14:36 GMT -8
Ben Evans has just been tweeting about the new data from Baidu:
Apple device share in China is at an all-time high.
iOS China is now 4.6% iPhone 6+, 8% iPhone 6.
Samsung share in China is down from 22% to 12.5% in 2014
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Post by archibaldtuttle on Jan 2, 2015 14:17:45 GMT -8
"Apple Watch Will Flop" is just the latest attempt to germinate a FUD storyline that might find purchase in the fertile soil of the anti-Apple bullshit echo chamber.
However, this narrative may prove to be a particularly insidious one because it can't be disproven until June earnings at the earliest, as opposed to Bendgate for example which was disproven in a couple days. Expect to hear "Apple Watch is a flop" now, right before its official release, after its official release, etc., up to the point when blowout Apple watch numbers are actually released.
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Mav
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Post by Mav on Jan 2, 2015 14:59:37 GMT -8
Apple Watch is pure gravy to Apple's financials in all of 2015.
I doubt anyone has seriously tried pricing in that "bonus money"
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Post by artman1033 on Jan 2, 2015 15:52:49 GMT -8
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Mav
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Post by Mav on Jan 2, 2015 17:10:24 GMT -8
That's actually not a terribly wrong assessment. iPhone IS the clear product leader for Apple for the foreseeable future, by miles. Units, dollars, profits, whatever. Wilson's a bit misunderstood, even though he's probably using the wrong yardstick for Apple Watch. I know nothing, but my WAG is it wreaks absolute havoc on its competitive set. iPad-style.
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JDSoCal
Member
Aspiring oligarch
Posts: 4,189
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Post by JDSoCal on Jan 2, 2015 17:27:34 GMT -8
Just checking out the Apple Investor News. Some headlines:
Expect good year for Apple, not for its watch: Pro CNBC: Top News
Expect pros to continue to be colossal dumbshits and CNBC to put them on air: Amateur JDSoCal: Top News
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Mav
Member
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Post by Mav on Jan 2, 2015 18:44:41 GMT -8
You should totally try to get yourself in the Stocks app feed
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Post by artman1033 on Jan 2, 2015 19:14:06 GMT -8
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Post by artman1033 on Jan 3, 2015 2:31:37 GMT -8
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Post by phoebear611 on Jan 4, 2015 6:35:45 GMT -8
x
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