Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 15, 2015 3:48:53 GMT -8
Good morning everyone. Hummm... AAPL is RED trading at 108.77 -1.03 (0.94%) as of 6:24. Major indices are an ugly RED as well. Apple is on a roll and about to announce its best earnings EVER... where's the earnings runup? Patience never was a virtue of mine... I was (am) thinking we'll pin around $110 this week, but now I'm not so sure. Not much in the news this morning. CNBC, Reuters, and WSJ/Digits are having a FUDfest this morning with: Xiaomi takes aim at Apple's phablet with new device. Apparently someone needs AAPL to come down... Of course, that wasn't enough. Just to be sure, Marketwatch piles on with Why I wanted to dump my iPhone — but didn’t, in which columnist David Weidner rants for 2 pages on 'first world problems' then ends with I'll give Apple another year. Frankly the folks at Cupertino should have invited him to switch then timed how long until he returns... OK. For those who want something they can read while keeping their blood pressure in check, DED has a piece at AppleInsider: How Apple Inc. managed to upstage the tech industry at CES for fifteen years. Have a great day. Let's make money. Just a reminder, the U.S. Stock Markets are closed Monday for the Martin Luther King holiday. Not much room for a pre-earnings run. Tuesday will be interesting.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 15, 2015 3:55:17 GMT -8
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Post by rob_london on Jan 15, 2015 4:14:49 GMT -8
A wild morning here in Europe after the surprise move by the Swiss Bank. It's not often that Nestlé is down 10% in a morning session.
I enjoyed this comment by a technical writer based in Asia:
"Pick up a Xiaomi phone and use it and you’ll quickly realize that beyond some superficial characteristics, it’s nothing, nothing like Apple."
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Post by firestorm on Jan 15, 2015 4:56:22 GMT -8
Since84 said "Of course, that wasn't enough. Just to be sure, Marketwatch piles on with Why I wanted to dump my iPhone — but didn’t, in which columnist David Weidner rants for 2 pages on 'first world problems' then ends with I'll give Apple another year. Frankly the folks at Cupertino should have invited him to switch then timed how long until he returns... "
This guy dropped his iPhone and broke it and was unhappy with Apple. He complains that Apple stores are too crowded (as in: nobody goes there anymore, it's too crowded). He says that his brother is happy with a Samsung phone. I wish I could be paid for a long string of complaints ...
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 15, 2015 5:21:17 GMT -8
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 15, 2015 5:30:15 GMT -8
Meanwhile TSMC announces record profits. "...after taking around 60% of the orders for the A8 chip in the iPhone 6/Plus. Nasdaq reports the company’s net profits for the quarter rose 79% year-on-year." Of course success of suppliers does not equal success of the supplied.
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Post by phoebear611 on Jan 15, 2015 5:49:55 GMT -8
Mizuho is clueless - they hire idiots - I happen to know a few - and they are COMPLETE idiots.
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Post by phoebear611 on Jan 15, 2015 5:53:57 GMT -8
So it seems that overnight Xiaomi announced they are going after the high end market too. Their "note" will cost $500+ but that's still cheaper than an iPhone. CNBC had an early segment on it this morning. What part of ecosystem and branding do they not understand. I can buy a dozen Coach bags but prefer my Chanel and guess what - so would someone who can't afford it. It's called human behavior. Instead they will cut back on something else to put money toward the brand they want...IMHO. But hey - whatever: indiatoday.intoday.in/technology/story/xiaomi-mi-note-and-note-pro-full-specifications-and-price/1/413403.html
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Post by macwire on Jan 15, 2015 6:34:22 GMT -8
Beware the pin. Lol
Nicely timed downgrade.
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Post by Red Shirted Ensign on Jan 15, 2015 7:13:54 GMT -8
O.k.......i put on the gloves again and am gonna catch that falling knife..
Small position in February 110/120 BCS
larger position in March 110/120 BCS
Let rationality prevail......
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Post by tuffett on Jan 15, 2015 7:39:31 GMT -8
So it seems that overnight Xiaomi announced they are going after the high end market too. Their "note" will cost $500+ but that's still cheaper than an iPhone. CNBC had an early segment on it this morning. What part of ecosystem and branding do they not understand. I can buy a dozen Coach bags but prefer my Chanel and guess what - so would someone who can't afford it. It's called human behavior. Instead they will cut back on something else to put money toward the brand they want...IMHO. But hey - whatever: indiatoday.intoday.in/technology/story/xiaomi-mi-note-and-note-pro-full-specifications-and-price/1/413403.htmlXiaomi does have a better brand than Samsung does. Their phones are also better at least in terms of design and build quality. Yes, most of it is ripped off from Apple but that can't be stopped in China. I am more concerned about Xiaomi than any other vendor. Their success in China is obvious. The rest of the world will not be so easy but it's something to be watchful for. It doesn't matter much to me that Xiaomi isn't making much profit. What matters to me is they may be taking away potential iPhone sales. Buying a Xiaomi for half the price of an iPhone is a much more compelling case than buying a Samsung for the same price as an iPhone. Aside from all that, I'm worried about all the attention Xiaomi is getting, justified or not. We all know the power of media and what it can do to the stock.
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Since84
Moderator
To infinity and beyond!
Posts: 3,933
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Post by Since84 on Jan 15, 2015 7:52:23 GMT -8
Tuffett: "We all know the power of media and what it can do to the stock."
Many of us historically view Apple as the underdog. To the extent that they are still tilting against the 'establishment' that is true. However, Apple is the establishment in the minds of many. Certainly it is the one to beat.
If history has shown us anything, it is that no moat is impenetrable -- in the long run.
That's why I'm thrilled that Apple's culture is to obsolete their own products. It leaves everyone else skating to where the puck was.
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Post by tuffett on Jan 15, 2015 8:05:03 GMT -8
Agreed. I am long and strong Apple. But we need to all be aware of our surroundings. I'd love to see an earnings pop to get us out of this lull but it's far from a sure thing even with amazing results.
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Post by rmhe1999 on Jan 15, 2015 8:34:18 GMT -8
Soooooo, are we now looking at a triple bottom?
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chinacat
Moderator
AAPL Long since 2006
Posts: 4,431
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Post by chinacat on Jan 15, 2015 9:10:02 GMT -8
Via PED today:
----- “We are opening five new stores before the Chinese New Year this year,” Ahrendts told China’s state-owned news agency. “Four of the stores are in brand new cities for us.”
By Ahrendt’s count, that will bring the number of Chinese Apple Stores to 20 — halfway to Tim Cook’s target of 40 stores in China within two years. ......
I am looking forward to F2Q2015. Regarding F1Q2015, I am of the opinion that the longer AAPL gets held down prior to earnings, the bigger the bounce will be after. My only concern is if the "whisper number" gets totally crazy before the call.
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Post by archibaldtuttle on Jan 15, 2015 9:14:59 GMT -8
Soooooo, are we now looking at a triple bottom? I think the hope would be a inverted head and shoulders bottom. That would mean that we start going up from here. No more down!
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Post by phoebear611 on Jan 15, 2015 9:19:19 GMT -8
WTF knows - I read these blogs and the technicians are at odds with each other. Some saying that this base AAPL is building is great because it will give it support on the way down and other are saying it will go down even farther. It is so frustrating. The ONLY thing they ALL agree about is that the charts right now are very murky and the S&P isn't helping the situation in terms of clarity. There have been "the things we DON'T know about" in the market that have blindsighted many ie Treasuries, oil, the move this morning by the Swiss Bank....in the end we just don't know what we don't know and the worst thing for ANY market is instability. These swings will further decay liquidity as people opt to take their money out due to fear. So I guess we will need more of that virtue which is wanted by all but had by few: PATIENCE.
PS Oh and get ready because CNBC is going to have the Mizuho ass**** in a few ... to be interviewed by the devil herself: Ms. Lee
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Post by tuffett on Jan 15, 2015 9:28:27 GMT -8
I am starting to aggressively ramp down options and just hold common stock and well-timed LEAPs. This market and the way AAPL is trading is making me uneasy. Still a no brainer for a long term hold, though.
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Post by archibaldtuttle on Jan 15, 2015 9:34:10 GMT -8
Is this month reminding anyone else of January 2008? AAPL came in to the new year near an ATH, then dropped in what looked like a temporary consolidation... Then dropped and dropped.
Hope not.
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Post by macwire on Jan 15, 2015 9:46:49 GMT -8
Soooooo, are we now looking at a triple bottom? Triple bottoms don't hold. Pattern is busted. Just another day down 3 percent.
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Post by mace on Jan 15, 2015 10:15:37 GMT -8
I am starting to aggressively ramp down options and just hold common stock and well-timed LEAPs. This market and the way AAPL is trading is making me uneasy. Still a no brainer for a long term hold, though. Had already closed front-months calls. Hold only shares, calls(LEAPS 17) and cash, waiting for a bottom to be in before converting shares to calls again. Hold shares to lessen pain if price shot up unexpectedly. Hold shares as hedge is better than holding puts.
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mark
fire starter
Posts: 1,556
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Post by mark on Jan 15, 2015 10:30:11 GMT -8
Naturally, the low (so far) today is 10 6.66
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Post by gtrplyr on Jan 15, 2015 10:55:21 GMT -8
In light of the market , AAPL is holding up fine.
Just want to confirm ... earnings are the 27th ? Is that correct ?
Hope Tim is opening the pocketbook and buying shares in front of the earnings announcement.
Cheers to the longs ...
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Post by archibaldtuttle on Jan 15, 2015 11:13:08 GMT -8
Does anyone know what happened to Phil Elmer Dewitt?
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Post by appleaddict on Jan 15, 2015 11:31:33 GMT -8
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Ted
fire starter
Posts: 882
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Post by Ted on Jan 15, 2015 11:37:59 GMT -8
Does anyone know what happened to Phil Elmer Dewitt? Since about Dec 29th PED no longer has the fortune.com/apple2.0 address. The site seems to be giving his column less visibility. First they killed Disqus for comments stupidly, and now they've folded his stuff into their tech section. ?!?
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Post by archibaldtuttle on Jan 15, 2015 13:21:45 GMT -8
Terrible close.
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Post by macwire on Jan 15, 2015 13:57:49 GMT -8
In light of the market , AAPL is holding up fine. Just want to confirm ... earnings are the 27th ? Is that correct ? Hope Tim is opening the pocketbook and buying shares in front of the earnings announcement. Cheers to the longs ... Apple was off almost 3 percent the Nasdaq was off a little over one. Nasdaq is 5 percent off highs. Apple is off 12 percent off highs. ??
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Post by tuffett on Jan 15, 2015 14:02:08 GMT -8
Yeah...AAPL is not holding up fine.
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Post by gtrplyr on Jan 15, 2015 14:22:08 GMT -8
In light of the market , AAPL is holding up fine. Just want to confirm ... earnings are the 27th ? Is that correct ? Hope Tim is opening the pocketbook and buying shares in front of the earnings announcement. Cheers to the longs ... Apple was off almost 3 percent the Nasdaq was off a little over one. Nasdaq is 5 percent off highs. Apple is off 12 percent off highs. ?? Alright ... don't confuse me with facts Still very long and not overly concerned .... Cheers to the longs ...
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