Since84
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Post by Since84 on Sept 6, 2018 4:17:56 GMT -8
AAPL is fluctuating widely in premarket. Currently trading at $227.57 +0.70 (0.31%), but the trading range included RED.
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Since84
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Post by Since84 on Sept 6, 2018 2:36:29 GMT -8
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Since84
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Post by Since84 on Sept 6, 2018 1:34:56 GMT -8
LOL From Forbes. Where else? Malcolm must be rolling in his grave...
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Since84
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Post by Since84 on Sept 5, 2018 13:05:04 GMT -8
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Since84
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Post by Since84 on Sept 5, 2018 12:56:27 GMT -8
That GREEN was all to short lived. The good news is RSI dropped to 80.33.
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Since84
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Post by Since84 on Sept 5, 2018 8:21:23 GMT -8
And AAPL is GREEN again...
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Since84
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Post by Since84 on Sept 5, 2018 8:16:51 GMT -8
I have a ton of respect for Amazon... and purchase through them frequently.
My issue with Amazon is value. At the end of the day, Amazon's core business is retail -- a notoriously low margin, highly competitive industry. Indeed one could argue the internet increases retail competition exponentially. It is easy these days to find a lower price and it's not always on Amazon.
Many Amazon bulls see it as some sort of natural monopoly. While the juggernaut may rise for a long time to come, I don't see it prevailing in the long run. As 4aapl noted I do wonder what their moat is. Of course, the long run can take a long, long time to realize.
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Since84
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Post by Since84 on Sept 5, 2018 5:03:37 GMT -8
I view AMZN vs AAPL much like I view MSFT vs AAPL.
Mr Market gives both AMZN and MSFT more credit than I think is due -- and lets both slide when inconvenient facts get in the way.
Meanwhile, AAPL is (and always has been) regularly criticized beyond reason. Any move by a competitor is viewed as the imminent death knell. AAPL has been pronounced dead or dying so many times I couldn't even catalogue them. That's OK. As long as I see value the market doesn't perceive there is significant upside.
I am prepared to trust my judgment. Hasn't failed me yet.
Besides if one compares the companies on the basis of the numbers. It's a no brainer.
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Since84
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Post by Since84 on Sept 5, 2018 2:27:58 GMT -8
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Post by Since84 on Sept 4, 2018 8:29:15 GMT -8
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Post by Since84 on Sept 4, 2018 8:03:28 GMT -8
I fear you might be right Sponge.
However you cite the counterargument in your post -- the World economy is booming. It is shaping up to be a wonderful fall.
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Since84
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Post by Since84 on Sept 4, 2018 4:24:58 GMT -8
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Post by Since84 on Sept 4, 2018 2:38:48 GMT -8
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Post by Since84 on Sept 1, 2018 3:00:46 GMT -8
Uh Oh. Car talk...
🙀🙀
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Since84
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Post by Since84 on Aug 31, 2018 14:45:49 GMT -8
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Post by Since84 on Aug 31, 2018 11:31:30 GMT -8
Truth is I do practice market timing. I am sitting on the last dividend waiting for a 'good' buying opportunity. It may well have passed...
That said, unless you're willing to liquidate a significant portion of your portfolio, the incremental gains (or losses) tend to be immaterial.
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Since84
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Post by Since84 on Aug 31, 2018 10:38:50 GMT -8
Sold my position at 227.55. Too much too fast here. Will get back in before the end of September. Possibly well timed. I’d like to see a bit of a pull back from here and then a bit of sideways to consolidate. Slow and steady wins the race. The market has emphatically aknowledged that Apple is a +Trillion (as Artman puts it) market cap behemoth. AAPL can retrace and let Apple and Warren buyback/buy, the dip buyers reload and let everyone else take a breath (Spence et.al included) AAPL can then slowly rebuild without any suggestion of irrational exuberance as a driver. I've been expecting a pull back since $1T. AAPL keeps going up... Also considered thinning when I saw $228 go by on the tape. The challenge is in the timing. It's very easy to miss tops and bottoms, particularly since I don't watch it as closely as when I was trading options. Also, this runs seems a little different. AAPL periodically breaks out and rises to new levels. While the recent increase has been amazing, it is not unique historically. The economy and consumer confidence are setting up for an wonderful Fall. If Apple announces any surprises at the September 12 event we could see it move much higher. Don't mean to sound like an 'fanboy'. There are certainly indicators that concern me. Did I mention RSI is currently over 85!!! The reality is AAPL has risen to nose bleed levels of RSI before... and held for extended periods. I remain quite bullish. While timing could yield gains, I'm happy with the long term movement.
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Since84
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Post by Since84 on Aug 31, 2018 3:32:33 GMT -8
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Post by Since84 on Aug 30, 2018 10:11:32 GMT -8
- Magical detection of certain pundits? (Rob Enderle; John Dvorak; Ewan Spence; Tony Sacc) and then do something special for them, too. That's too tempting...
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Since84
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Post by Since84 on Aug 30, 2018 2:18:50 GMT -8
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Post by Since84 on Aug 29, 2018 12:46:16 GMT -8
Just wow.
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Since84
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Post by Since84 on Aug 29, 2018 10:15:52 GMT -8
AMZN quickly approaching $1T. Less than 4% away. Meanwhile AAPL is quickly approaching $1.1T. Tell me what are the analysts targets? How many are under water? Though I think the constant underestimation of AAPL benefits of the longs.
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Since84
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Post by Since84 on Aug 29, 2018 10:03:13 GMT -8
I am amazed at AAPL's ongoing strength.
Sponge's prognostication may be disproven shortly. One has to wonder how long this run can last. RSI is over 80.
Meanwhile I just smile.
☺️
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Since84
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Post by Since84 on Aug 29, 2018 7:59:30 GMT -8
Well, AAPL's got a a little time to go a bit higher.
The more interesting question to me is where will AAPL be next quarter, generally one of AAPL's best?
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Since84
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Post by Since84 on Aug 29, 2018 7:25:14 GMT -8
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Post by Since84 on Aug 29, 2018 6:00:29 GMT -8
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Post by Since84 on Aug 29, 2018 5:26:18 GMT -8
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Post by Since84 on Aug 29, 2018 4:07:23 GMT -8
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Post by Since84 on Aug 29, 2018 2:43:11 GMT -8
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Post by Since84 on Aug 28, 2018 6:03:57 GMT -8
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