Apple stock

[blazerboy30]

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.

You're a funny guy, Mags.

 

[magnifier661]

You're a funny guy, Mags.

I know, I'll be here all night. Eat the veal.

 

[blazerboy30]

Apparently aapl is worth $240 / share. :MARIS61: :MARIS61: :MARIS61:

link

 

[blazerboy30]

aapl down ~4% today. Mags, where are you?

:MARIS61:

 

[magnifier661]

aapl down ~4% today. Mags, where are you?

:MARIS61:

Yep it's down. I'm wondering why.

 

[blazerboy30]

Yep it's down. I'm wondering why.

Because people started offering to pay less for it.

 

[Denny Crane]

Because people started offering to pay less for it.

Not because someone posted a YouTube video saying its worth less? ;-)

 

[porkchopexpress]

Well, Google I/O is right now and they already announced a streaming music service, which Apple has been set to release for what seems like an eternity.

 

[blazerboy30]

Well, Google I/O is right now and they already announced a streaming music service, which Apple has been set to release for what seems like an eternity.

Pandora isn't being hit by this news today.

 

[porkchopexpress]

Pandora isn't being hit by this news today.

But this was one of Apple's next great things and Google stole their thunder on it. Could cause some emotional response to sell.

 

[blazerboy30]

But this was one of Apple's next great things and Google stole their thunder on it. Could cause some emotional response to sell.

This is why I think it is silly to try to figure out why a stock is going up or down. It is impossible to know what assumptions and knowledge was already priced in.

 

[blazerboy30]

Mags... It's June and Apple is still at $440. You guaranteed $500! I want my $60! :MARIS61: :MARIS61:

 

[magnifier661]

Mags... It's June and Apple is still at $440. You guaranteed $500! I want my $60! :MARIS61: :MARIS61:

We bet? I seem to remember you were too chicken to make the bet.

Also wasn't it by the end of June?

 

[blazerboy30]

We bet? I seem to remember you were too chicken to make the bet.

Also wasn't it by the end of June?

No, we didn't bet. I didn't have an opinion either way.

I don't remember if it was end of or beginning of June.

 

[SlyPokerDog]

We bet? I seem to remember you were too chicken to make the bet.

Also wasn't it by the end of June?

No, we didn't bet. I didn't have an opinion either way.

I don't remember if it was end of or beginning of June.

Mags, for half the money I can go back and edit any of his posts to make it look like he did bet and lost.

 

[blazerboy30]

Apple = $416 and it's June 20th. It's going to take quite a run in 6 trading days to get to $500 by the end of June.

Mags? What's going on??? :MARIS61:

 

[magnifier661]

Yes I know! I was waiting for you blazerboy

 

[blazerboy30]

Yes I know! I was waiting for you blazerboy

 

[BlazerCaravan]

A bit late for mags, but... $470 right now, after a steady run up following their quarterly conference call.

 

[blazerboy30]

A bit late for mags, but... $470 right now, after a steady run up following their quarterly conference call.

Still almost 10% off his $500 claim. Not to mention that it's been down to ~$390 in the meantime.

 

[BlazerCaravan]

Still almost 10% off his $500 claim. Not to mention that it's been down to ~$390 in the meantime.

All fair points. I know you guys like to be right way more than you like to be happy so I'll let it go.

 

[blazerboy30]

All fair points. I know you guys like to be right way more than you like to be happy so I'll let it go.

It has nothing to do with being right or being happy. It has everything to do with trying to make the most money, while containing risk, with the strategies I use. There is no reason to be in the stock market if not for maximizing risk-adjusted returns.

I'm not willing to sit through 20% drawdowns (or 40% from October 2012), especially on individual stocks. If yours or Mags' strategies allow that, more power to you. Everybody has a different approach. But even with the recent run up from AAPL, it is still underperforming the S&P for the year and the last 3 months.

 

[magnifier661]

Still almost 10% off his $500 claim. Not to mention that it's been down to ~$390 in the meantime.

It's in good shape. The new OS for the mobile and computing will be released this fall. Not to mention an upgraded phone, new tower and possibly new displays. Obviously, the TV and watch is under watch too. I'm very happy where the company is going.

 

[blazerboy30]

It's in good shape.

It's under performing the S&P.

The new OS for the mobile and computing will be released this fall. Not to mention an upgraded phone, new tower and possibly new displays. Obviously, the TV and watch is under watch too. I'm very happy where the company is going.

A new OS to make a significant difference in revenue? The "upgraded" phones have been pretty underwhelming lately.

Regardless, the point is that while Apple could end up being a great stock choice at some point in the future, it's fresh off a 40% drawdown and under-performing the index.

Speculating a time frame and a stock price doesn't seem like a good strategy.

 

[BlazerCaravan]

Somehow up to $491 today.

 

[magnifier661]

Somehow up to $491 today.

Yeah looking good. Can't wait for it to go in the 600's

 

[BlazerCaravan]

Yeah looking good. Can't wait for it to go in the 600's

The 5C will help that; expanding into emerging markets with an unsubsidized phone will be a big deal.

 

[BlazerCaravan]

http://www.macrumors.com/2013/08/13...le-believes-company-is-extremely-undervalued/

 

[magnifier661]

http://m.us.wsj.com/articles/BL-MBB-6406

“This is a pretty definitive indication that everyone is buying into this breakout,” Kosar said.

He said the next key resistance area is the $506-to-$522 range, which was previously strong support at the May and November 2012 lows. However, Kosar targets an eventual advance to $555.

 

[magnifier661]

http://www.macrumors.com/2013/08/13...le-believes-company-is-extremely-undervalued/

Icon rocks!