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Reality kicking back in now. Another -5% whack today

https://www.investing.com/news/stoc...ts-as-apple-slump-triggers-tech-wreck-1684818

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Look at this guy breaking news! We had no idea any of this happened.

Dude...Read the thread...we’ve been over all this. Apple trading at 13 times earnings...no long term investors are worried. I’m glad Apple can buyback shares at lower prices.

AMZN down 5% too. The whole Nasdaq was a turd...wake me up the the numbers change.

The XR sales orders being down is speculation, as usual.

Look at AMZN, NVDA, AMD, Etc. Stocks are going down...this isn’t an Apple story...the market sucks right now.
 
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Look at this guy breaking news! We had no idea any of this happened.

Dude...Read the thread...we’ve been over all this. Apple trading at 13 times earnings...no long term investors are worried. I’m glad Apple can buyback shares at lower prices.

AMZN down 5% too. The whole Nasdaq was a turd...wake me up the the numbers change.

The XR sales orders being down is speculation, as usual.

Look at AMZN, NVDA, AMD, Etc. Stocks are going down...this isn’t an Apple story...the market sucks right now.

That depends on whom you ask. Some say Apple dragged down the indexes

https://www.cnn.com/2018/11/12/investing/stock-market-today-dow/

The only way to tell is to look at the hourly candles and see if Apple’s drop helped contribute to Market selloff or not. The hourly candles below speak for themselves ;)

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288D6B21-8B06-4B6B-975A-939963BA46B4.png

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Apple definitely dragged down the market. I have a bunch of large cap ETFs that have Apple as the top holding and follow the index. When AAPL drops, the ETFs drop. The other tech companies that drop are red herrings.

For long term investors, could be a good time to buy after 15.9% drop and hold for at least a year.
 
Here are two charts with a daily candle and a monthly candle. As you can see there are two possible scenarios here. We fill this GAP and then see a rally into Christmas from here or Apple along with others are doomed as we enter bear market from here. This week should reveal where this is headed. Next support for Apple if below $190 is pretty ugly. Either bounce after gap has been closed or Apple and markets are in trouble from here on.
First chart shows daily candles and second chart shows monthly candles. You can see that there was a GAP from back in August that needed to be filled. There is actually one more GAP below $170 that needs to be filled also. Not sure if they decide to push it down to that level but quite possible. Facebook and oil recently shed a good amount recently.

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Tells what? You've been highlighting about the last 2 weeks of AAPL being down. What about since 2013?

upload_2018-11-19_13-2-5.png


Apple has not only outperformed the total market, but also the broader tech market.

Time always tells is more of a bullish story. Investing in AAPL over the long term has made investors a TON of money.

Everything is relative, yes AAPL is down 20% from the high, but look at other tech and the overall market:

FB is down 40%
NVDA down 50%
AMD down 44%
NFLX down 37%
AMZN down 26%.
GOOGL down 21%


Facts really get in the way of trying to paint AAPL as some dead company that's overvalued, don't they? AAPL is just getting to be a better and better buy for the LONG term, like it has been for over a decade.

In this market, nothing is safe, particularly tech.
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They will miss the 89bn minimum target in FQ1, this is when the real bloodbath starts.

https://www.zerohedge.com/news/2018...-15-million-fewer-iphones-sold-weaker-chinese
Quoted for future laughs.

"They will miss the $89B."

Your source is Goldman speculation? Yeah, I'll wait for the real numbers.

BTW, might want to read the article. Goldman still has a $209 PT on the stock. Let me help you...that's HIGHER than today's price.
 
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That's my prediction, I also predicted a bad Apple outlook mid October, we know what happened.

As I said you can keep your shares as long as you want, but other people should have the chance to take their decision based on facts and not on fanboy cult.

https://www.cnbc.com/2018/11/15/app...amid-rumors-apple-is-scaling-back-iphone.html
People can make their own decisions, but I find it ironic that you think that folks can make their decisions based on "facts", then you link a story that's titled "Rumors of weak iPhone demand heat up as at least four Apple suppliers cut revenue forecasts"

It's obvious which side of the buy/sell equation you're on at the moment. I personally think that AAPL will be fine. Every year, these supply chain rumors drive the stock price down and every year, they are proven to be wrong and the stock recovers. Will this year be the year in which the rumors are correct, I hope not, because I'm a long.

In any event, I'm a long term investor. My horizon is 20 years, not 2 months. I don't really care if the stock goes through a boom or a correction. I only care where it's going to be when I need the money.

If I were a day trader (or a trader in general), then I'd be more concerned about short-term movement.

In any case, good luck to everyone. If you're a short, I hope you cover in time. If you're a long, maybe get some cash ready and try to time the bottom.
 
First target I posted the other day. If that first target breaks and market crashes the second target is below where I saw a previous gap that has not been filled yet.

This is if market crashes and where I see 3rd gap

F4460C12-3B15-4649-8C78-06BC0FE6EB8B.jpeg


This is image I posted the other day from 2nd gap that had not been filled yet.
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That's my prediction, I also predicted a bad Apple outlook mid October, we know what happened.

As I said you can keep your shares as long as you want, but other people should have the chance to take their decision based on facts and not on fanboy cult.

https://www.cnbc.com/2018/11/15/app...amid-rumors-apple-is-scaling-back-iphone.html
What are you linking me to? This is the same old repeated speculation. Here is the only link I care about:

https://d18rn0p25nwr6d.cloudfront.net/CIK-0000320193/68027c6d-356d-46a4-a524-65d8ec05a1da.pdf

Apple's Q418 results were FANTASTIC 20% revenue growth, 40% EPS growth...nothing has changed. You want to say guidance of $93B is bad...go ahead. Guidance doesn't matter when the real numbers come out, so we'll see how they do. Day trading Apple is almost impossible, but people long the stock have done better than the S&P500 and the broader tech markets.

AMZN, GOOGL, NVDA, NFLX, FB, AMD, etc are all down 20%+. It's been an ugly market lately.

This is about earnings. $60B in profit for 2018 my friend. More than 2X any other company.
 
I just to present the other side of the story.
For me there is not much room for speculation here.

"At least four Apple suppliers have cut their revenue forecasts this week, fueling speculation that Apple is scaling back manufacturing of the iPhone."
 
I just to present the other side of the story.
For me there is not much room for speculation here.

"At least four Apple suppliers have cut their revenue forecasts this week, fueling speculation that Apple is scaling back manufacturing of the iPhone."
Fair enough.

But none of those suppliers have directly named Apple as the reason for their lower revenue forecasts. Of course, you could say that would anger Apple, and you'd have a fair point there as well.

Here's the thing. We've seen this all before, year after year. Supply chain rumor drive the stock price down. Then, after AAPL is beaten up enough, the analysts all change their tune and the stories change. When Apple releases numbers, it's obvious that the rumors were false and the stock recovers (and sometimes drives to new heights).

Tim Cook has been on the record as saying supply chain rumors are bunk and little to nothing can be gleaned on the results of a few suppliers. The chain is complicated and vast. There could be hundreds of reasons why these 4 (and maybe others) suppliers are reporting lower revenues. Sure some of them could support a bear case, but past history shows that is rarely the case.

I just saw a headline (didn't have a chance to read the story yet), that indicates that sales of Xr are strong in China. If true, this would contradict what the analysts are saying.

Right now, the sentiment is negative on Apple. I think it's more negative than it has been in the past. I think that Apple's decision to not report unit sales has given the analysts/pundits more leash to pummel the stock. Just my opinion, I have no inside knowledge.

Anyway, good luck in your trades. I'll probably be rooting against you, though. You understand.
 
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First target I posted the other day. If that first target breaks and market crashes the second target is below where I saw a previous gap that has not been filled yet.

This is if market crashes and where I see 3rd gap

View attachment 805440


This is image I posted the other day from 2nd gap that had not been filled yet.View attachment 805441

My first 2-3 gaps were filled already. The next GAP is way down there.
This GAP just got filled on Friday. If we fall further to close the next GAP then this will be quite ugly. :eek:

The next GAP is roughly between 122-127 :eek:
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Trading halted before bad news was released. People are not going to $1300-1500 for an iPhone when that price is the equivalent of a laptop computer and the same goes for iPads. $1800 for an iPad Pro is a bit on the rip off side. I mean this price wise. It even bends so quality is not all that great either. I have an iPad Pro from 1-2 years ago. Would I upgrade now..? If price drops then yes but not at $1800

https://www.cnbc.com/2019/01/02/apple-warns-on-q1-results.html

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I am disappointed and I was wrong about their ability to execute this quarter.

However, one silver lining is the note about upcoming eps being calculated on 4.77B shares indicates Apple bought back almost no shares in the calendar 4th quarter.

They can buyback shares hard now that this news is out and the market is going to punish the stock in the morning. Apple has $71B left in their new $100B authorization, so they can put a floor under the stock if they wish. If not, we could see much lower prices.

It’s almost as though they managed the buyback based on this news they knew they’d have to report.
 
I am disappointed and I was wrong about their ability to execute this quarter.

However, one silver lining is the note about upcoming eps being calculated on 4.77B shares indicates Apple bought back almost no shares in the calendar 4th quarter.

They can buyback shares hard now that this news is out and the market is going to punish the stock in the morning. Apple has $71B left in their new $100B authorization, so they can put a floor under the stock if they wish. If not, we could see much lower prices.

It’s almost as though they managed the buyback based on this news they knew they’d have to report.

I think there is a gap below that may need to be filled. Why buy now when they could buy at a later price at lower prices..?
 
I think there is a gap below that may need to be filled. Why buy now when they could buy at a later price at lower prices..?
Wouldn’t it be great if we knew that lower price?

The market is overreacting. The stock is already down quite a bit and never had a high valuation. It will take time for investors to digest, but Apple is still insanely strong and insanely profitable.

This note also pointed out huge positives such as 100M increase in user base over only 12 months.

Record revenues in the US, Canada, Germany, etc. This indicates the struggle is truly developing countries and China.

Record $10.8B in services revenue, continuing over 25% y/y growth.

19% non iPhone business growth. The future of Apple will be non iPhone, so this is a huge positive.

$130B in net cash. This also indicates they DID NOT do much buying back of stock in Calendar Q4, meaning they are likely to start buying back a ton of shares at these lower prices. This will create a floor under the stock and increase eps a lot in the future.
 
Wouldn’t it be great if we knew that lower price?

The market is overreacting. The stock is already down quite a bit and never had a high valuation. It will take time for investors to digest, but Apple is still insanely strong and insanely profitable.

This note also pointed out huge positives such as 100M increase in user base over only 12 months.

Record revenues in the US, Canada, Germany, etc. This indicates the struggle is truly developing countries and China.

Record $10.8B in services revenue, continuing over 25% y/y growth.

19% non iPhone business growth. The future of Apple will be non iPhone, so this is a huge positive.

$130B in net cash. This also indicates they DID NOT do much buying back of stock in Calendar Q4, meaning they are likely to start buying back a ton of shares at these lower prices. This will create a floor under the stock and increase eps a lot in the future.

True and I agree, they are strong and they are profitable. Correction though is due and I reckon a good opportunity to buy when it bottoms out

https://www.forbes.com/sites/ewansp...phone-se-sales-disaster-mistake/#595a1e712eae


And they repaired their phones because new ones were too expensive to buy

https://motherboard.vice.com/en_us/...-iphones-because-they-repaired-their-old-ones
 
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