Apple stock

[Denny Crane]

Amazon's market cap is the same ad Intel's. Way more synergy.

 

[magnifier661]

Amazon's market cap is the same ad Intel's. Way more synergy.

I think amazon acquisition would possibly fall under monopoly?

 

[Denny Crane]

I think amazon acquisition would possibly fall under monopoly?

Doubtful.

Google has online shopping and owns a cell phone manufacturer, and does cloud computing.

 

[magnifier661]

Up 1.65% this morning

 

[magnifier661]

http://beta.fool.com/gwi/2013/05/02...uy-than-google/33298/?source=eogyholnk0000001

Hmmm streaming audio? Competition with Sirius? Could apple stream work in the iCar systems? It would be amazing if car options are like an iPad 4g in every car installed. Stream music stations, movies whatever. Be a big deal!

 

[magnifier661]

Apple Inc. (AAPL) -NasdaqGS
450.13 4.61(1.03%) 10:05AM EDT - Nasdaq Real Time Price

Half way there. They may get to 550 by the end of July.

 

[magnifier661]

Apple Inc. (AAPL) -NasdaqGS
460.61 10.62(2.36%) 12:30PM EDT - Nasdaq Real Time Price

Almost at the $500. Maybe by the end of the week?

 

[blazerboy30]

Apple Inc. (AAPL) -NasdaqGS
460.61 10.62(2.36%) 12:30PM EDT - Nasdaq Real Time Price

Almost at the $500. Maybe by the end of the week?

So you're going to sell at $500, right? Since that is how much it is "actually" worth?

 

[magnifier661]

So you're going to sell at $500, right? Since that is how much it is "actually" worth?

No, I am holding my 100 shares as a fan. I have a emotional attachment to it.

I used to have 500 shares when I bought it at the $88 price target. I sold all but 100 and made a profit when it was 300-ish a share. The 100 shares I have now could go to zero and I would still be making out like a bandit.

 

[blazerboy30]

No, I am holding my 100 shares as a fan. I have a emotional attachment to it.

I have absolutely no idea what this means.

 

[magnifier661]

I have absolutely no idea what this means.

Are you a Blazer fan? Would you change to a miami fan because they are winning titles?

 

[magnifier661]

http://blogs.barrons.com/techtrader...ng-control-of-the-narrative/?mod=yahoobarrons

Shares of Apple (AAPL) are up $9.87, or 2.2%, at $459.87, after Barclays Capital’s Ben Reitzes this morning reiterated an Overweight rating on the stock, while raising his price target to $525 from $465, writing that a 17% rise in the shares from a low on April 19th indicates the “shares are back on the right track.”

Reitzes raised his estimates for this year to reflect that “margins can be sustained at higher levels than our prior investment case – and that iPhone sales may benefit from new distribution,” writing that he models 37% gross margin “long-term.”

Reitzes’s estimate for this quarter’s profit goes to $7.15 from $7 per share, on sales of $34.46 billion. For the full year, he models $39.33, up from a prior $39.17, on sales of $170.37 billion.

Reitzes believes reversals of warranty accruals that weighed on margins last quarter could help, and that the impact from a lower-priced iPhone, should one appear, might not be as bad as previously thought:

We believe Apple’s gross margin guidance could be finally at a stabilized level after four reported quarters of decline. Though clearly gross margins will be under pressure from lower revenue levels, we believe they should also see tailwinds from 1) further manufacturing efficiencies and 2) a reversal of some of the accruals that significantly impacted gross margins last quarter. Note that Apple’s warranty accrual increased 14% q/q and 233% y/y last quarter (about 40% of the y/y increase was due to service policy changes amounting to a headwind of about 90bps y/y), but this trend has tended to reverse a quarter or two after new products come to market. Recovering revenues and lower accruals should start to act as a tailwind by the September quarter, where we are modeling 37.0% gross margins […] We are increasingly getting the sense that Apple’s low end phone might actually carry better margins than the market may expect – which could provide some relief to the worries about margins heading materially below 35% long term. Moreover, we believe the level of shipments could still be relatively smaller in the beginning of the product – which may lead to less pressure on margins from a shift in mix.

Reitzes thinks that Apple is “taking control of the narrative” around its stock after months of hand wringing:

With new upcoming products, we believe Apple is set to better control it’s story after taking several hits lately. Recently Apple announced that it will hold its annual World Wide Developers Conference (WWDC) on June 10 -14 in San Francisco. We believe this annual event is significant as it indicates that new software and services will likely be announced within 2 months – and Apple’s “narrative” has a chance to improve and change the focus toward new things […] Obviously it is widely perceived that Android has closed the gap vs. iOS since music and even App availability have diminished as differentiators for Apple. At the WWDC Apple has a window to turn perceptions of its platform around if it can begin to show the world that it is moving into mobile payments – even slowly. Also, we believe music subscription services and a more substantial upgrade to the Apple TV are likely coming at some point. Equally important, we want to see improvements to iCloud and Siri – with developers getting more excited about leveraging these features. A move into payments could be the most realistic opportunity to really turn the perception around for Apple. […] Furthermore, iCloud remains somewhat buggy and there remains a significant opportunity for Apple to become the cloud storage vendor of choice by integrating improved storage interaction and an actual interface across devices. Since refreshing the entire portfolio in 2H12, Apple has experienced a contraction in market share in smartphones and tablets […] With the launch of new products in C2H13, Apple’s market share could start to meaningfully improve in the December quarter. We believe investors may react positively to indications of new builds which could start as early as June in the component universe […] We believe that a retina display iPad mini and new 9.7” iPad could help sales into the holidays later this year. For FY14, we estimate that Apple will grow iPad units 17% y/y to 95.2 million. We believe Apple would be well-served in making its own keyboard accessory with a track pad for the iPad in order to fend off any emerging competition.

 

[blazerboy30]

Are you a Blazer fan? Would you change to a miami fan because they are winning titles?

Buy and ipad or ipod if you like the company and it's products. I don't understand how owning the stock as it's dropping has anything to do with being a fan of the company or the products.

 

[magnifier661]

Buy and ipad or ipod if you like the company and it's products. I don't understand how owning the stock as it's dropping has anything to do with being a fan of the company or the products.

Apple Inc. (AAPL) -NasdaqGS
461.98 12.00(2.67%) 1:18PM EDT - Nasdaq Real Time Price

It's not dropping.

 

[blazerboy30]

Apple Inc. (AAPL) -NasdaqGS
461.98 12.00(2.67%) 1:18PM EDT - Nasdaq Real Time Price

It's not dropping.

It was when you were holding from $705 to $385, experiencing a 45% drawdown.

 

[magnifier661]

It was when you were holding from $705 to $385, experiencing a 45% drawdown.

I bought them when it was $88 a share. Even at the lowest drop, I am still 3 times my investment. I have already made a shit ton when I sold 900 at the $300 something mark a couple years ago. I am playing with house money. The stock could drop all the way to zero and I still made hand over fist money on the shares.

I like owning a piece of the company I am such a fan of. If there was any opportunity to own a little of the Blazers, I would jump on it too.

You are looking at this at an investment standpoint. I have enough money strategically invested for growth, long and such. I can keep my 100 shares of apple until the day I die (If the company is even around that long).

 

[blazerboy30]

I bought them when it was $88 a share. Even at the lowest drop, I am still 3 times my investment. I have already made a shit ton when I sold 900 at the $300 something mark a couple years ago. I am playing with house money. The stock could drop all the way to zero and I still made hand over fist money on the shares.

I like seeing these types of statements, because it is this type of irrational and illogical thought process that, in my opinion, makes the efficient market hypothesis false.

I like owning a piece of the company I am such a fan of. If there was any opportunity to own a little of the Blazers, I would jump on it too.

You are looking at this at an investment standpoint. I have enough money strategically invested for growth, long and such. I can keep my 100 shares of apple until the day I die (If the company is even around that long).

Like I said, buy an ipod, an ipad and an iphone. You'll accomplish the same thing.

This is hilarious to me because you have this completely (self-admitted) irrational approach to holding your AAPL shares. Yet earlier in this thread you wanted to try to make a fundamental-based valuation model to determine what the shares are "worth". It is interesting to see somebody admit they have absolutely no care for the fundamentals of the stock to keep them holding, yet will put faith into a fundamental valuation model to tell others what it is worth.

 

[magnifier661]

I like seeing these types of statements, because it is this type of irrational and illogical thought process that, in my opinion, makes the efficient market hypothesis false.



Like I said, buy an ipod, an ipad and an iphone. You'll accomplish the same thing.

This is hilarious to me because you have this completely (self-admitted) irrational approach to holding your AAPL shares. Yet earlier in this thread you wanted to try to make a fundamental-based valuation model to determine what the shares are "worth". It is interesting to see somebody admit they have absolutely no care for the fundamentals of the stock to keep them holding, yet will put faith into a fundamental valuation model to tell others what it is worth.

LMAO thanks for the bash on my rational. I guess you can say the same thing to the man buying a "collector gun" right?

http://www.bornrich.com/entry/1836-rare-colt-revolver-fetches-1-million-auction/

You have already admitted earlier in this thread that the market is 80% emotional. Buying an ipod or apple computer does nothing to satisfy my fanaticism. Also, this fanaticism got me to buy 1,000 shares of apple when it was $88 a share. This was when so many talked about apple going close to belly up. That fanatical move made me 400% in less than a couple years. Have you ever made 400% in ETFs in a year in a half?

 

[blazerboy30]

LMAO thanks for the bash on my rational. I guess you can say the same thing to the man buying a "collector gun" right?

No. A gun collector or car collector may actually use their collections or have them displayed because they like the aesthetics. Having a little statement in your brokerage account doesn't resemble anything like a collection.

http://www.bornrich.com/entry/1836-rare-colt-revolver-fetches-1-million-auction/

You have already admitted earlier in this thread that the market is 80% emotional. Buying an ipod or apple computer does nothing to satisfy my fanaticism.

Don't get me wrong...I do think that the market is mainly emotional, and I'm glad to see you're approach to the market is as well. If the Efficient Market Hypothesis is true, and the market was anything near rational, then stock picking and any other type of strategy to attempt to beat the market would never work, by definition. So, thank you.

Also, this fanaticism got me to buy 1,000 shares of apple when it was $88 a share. This was when so many talked about apple going close to belly up. That fanatical move made me 400% in less than a couple years. Have you ever made 400% in ETFs in a year in a half?

Nope. But I've also never had a 45% drawdown. Nobody cares (or at least, they shouldn't care) about gains that aren't risk adjusted. Interestingly, one ETF I trade is up 360% in the last year and a half with only a 30% drawdown.

 

[magnifier661]

No. A gun collector or car collector may actually use their collections or have them displayed because they like the aesthetics. Having a little statement in your brokerage account doesn't resemble anything like a collection.

You are trying to tell someone what is a collection. I guess you know all then? LOL. A collector doesn't need the actual object they are collecting.

Don't get me wrong...I do think that the market is mainly emotional, and I'm glad to see you're approach to the market is as well. If the Efficient Market Hypothesis is true, and the market was anything near rational, then stock picking and any other type of strategy to attempt to beat the market would never work, by definition. So, thank you.

You are most welcome! And I repeat, I gained well over $200 per share when I bought it for $88. Let's do the math shall we? I bought 1,000 shares for $88 ($88,000). I sold 900 shares for $300 (I think it was closer to $290 something) = $270,000. I still own 100 shares of apple valuing at 461 right now ($46,100).

In three years, I took $88,000 and turned it to over $300,000. Even if I keep the 100 shares and apple goes out of business, this venture still netted me $182k.

So you can call me stupid or emotional all you want. My move netted me a big payload!

Nope. But I've also never had a 45% drawdown. Nobody cares (or at least, they shouldn't care) about gains that aren't risk adjusted. Interestingly, one ETF I trade is up 360% in the last year and a half with only a 30% drawdown.

Well, I have had a good 6 months so far. I am already well above the average!

 

[Denny Crane]

I have absolutely no idea what this means.

It means he's a fool with his money. The government should spend it for him.

 

[blazerboy30]

You are most welcome! And I repeat, I gained well over $200 per share when I bought it for $88. Let's do the math shall we? I bought 1,000 shares for $88 ($88,000). I sold 900 shares for $300 (I think it was closer to $290 something) = $270,000. I still own 100 shares of apple valuing at 461 right now ($46,100).

In three years, I took $88,000 and turned it to over $300,000. Even if I keep the 100 shares and apple goes out of business, this venture still netted me $182k.

So you can call me stupid or emotional all you want. My move netted me a big payload!

No offense, Mags, but I fear for your employees.

 

[magnifier661]

No offense, Mags, but I fear for your employees.

Been in business since 2001 and have averaged a growth of 20%, even during the recession. My employees are fine. Thanks for your concern though.

 

[magnifier661]

Apple Inc. (AAPL) -NasdaqGS
460.27 30.15(7.01%) 2:46PM EDT - Nasdaq Real Time Price

 

[magnifier661]

Why would a hedge fund take a risk on some other company they "think" can grow faster when they "know" Apple is a $500 stock selling at $395?

The whole point of a hedge fund is to "hedge" - and a $395 -> $500 sure thing is as good a hedge as there is.

Yes it is!

 

[magnifier661]

Apple Inc. (AAPL) -NasdaqGS
464.81 6.15(1.34%) 1:24PM EDT - Nasdaq Real Time Price

 

[blazerboy30]

Apple Inc. (AAPL) -NasdaqGS
464.81 6.15(1.34%) 1:24PM EDT - Nasdaq Real Time Price

I thought you were never selling?

 

[magnifier661]

I thought you were never selling?

What does posting the price have anything to do with selling? I am just reminding Denny and any other that thought that apple was gonna keep dropping that they were dead wrong. Also, I wanted to make sure anyone that thought I was a fool thinking Apple would get to $500 was DEAD WRONG.

Since I was bashed on the pricing since it was a $385 share 3 weeks ago, Apple has risen 78 a share.

 

[blazerboy30]

What does posting the price have anything to do with selling?

You answered me below. You don't actually care how well the stock does. You're just concerned about telling people you were "right". Were you sure to tell people you were "wrong" when it fell 45%?

 

[magnifier661]

You answered me below. You don't actually care how well the stock does. You're just concerned about telling people you were "right". Were you sure to tell people you were "wrong" when it fell 45%?

Yes I am clearly telling people I was right. And FYI, you should read the thread when it was dropping. I clearly said it was going to drop more, then should buy when it was at $420. That would net you a $40 profit so far.