Hmm I don't trust Craig anymore either.
Last edited:
Got a tip for us?
Let us know
Become a MacRumors Supporter for $50/year with no ads, ability to filter front page stories, and private forums.
Apple's Financial Chief Luca Maestri Sells Apple Shares Worth Over $16 Million
- Thread starter MacRumors
- Start date
- Sort by reaction score
Don’t try to be overly-clever and short great companies just because you believe they are overvalued. Even if you are correct and that great company is overvalued, it can stay overvalued for many years to come. Not only that, but if it’s overvalued now, it can continue to get even more overvalued in the future. Or it’s shares can trade flat for a few years while the company grows into a much more reasonable valuation. Point is: shorting great companies when your only reason is the valuation is not the best of decisions.
If you absolutely need to short something (which you don’t, but if you must do it for some strange reason), just randomly choose a handful of big bank stocks. It won’t win you any points on wallstreetbets for your cleverness though… because it’s just too obvious. Give a bank executive enough time (and too little oversight) and they’ll all do something incredibly stupid that will burn away shareholder money.
Last edited:
I misread it as Luca Maserati, I bet he could buy a whole garage full of those now 😂
Realize, he took all your money, it doesn’t just look like that. 🤣
Buy more iPhones, iPads, MacBooks and Apps, and his next portrait will show even more teeth.
Darth Tulhu
macrumors 68020
Interesting how so many don’t know how cashing in shares for insiders works.
All I feel is a bit of envy. $16M is more money I could ever need, even with a little bit of showing off, as Forrest Gump’s Mama says.
All I feel is a bit of envy. $16M is more money I could ever need, even with a little bit of showing off, as Forrest Gump’s Mama says.
I didn’t know, but then it was sufficiently well explained in the post with, “The transactions were made pursuant to a predetermined trading plan adopted by Maestri in November 2020, in accordance with insider trading laws.”. So it’s interesting how quickly people start jumping to conclusions about wrongdoing without having read it.
can't imagine what i'd do with $16m. i get excited if i have anymore than $10 in my wallet or bank that i can spend on anything i want.
swingerofbirch
macrumors 68040
I couldn't place his face when I saw this yesterday.
It's Gilly (played by Kristen Wiig) on SNL.
It's Gilly (played by Kristen Wiig) on SNL.
I'd keep a million and give the rest to the beautiful ms. TheYayAreaLiving 🎗 to buy some more shoes and handbags
🥰
🥰
Last edited:
Not a bad little chunk of change wish I was sitting in his shoes the fun I could have with $16.9 million
The article says it was scheduled to trigger 2 years ago as required by law to prevent manipulation.
miss the days when aapl was at $3 trillion market cap
he must like his job after clearing 13 million before taxes and still staying on
even after taxes he is clearing millions over needed for a comfy retirement - thus the smile on his face
for those posting predictions where aapl stock prices will go - have no clue - no one can predict the future - not even warren buffett
do your own due diligence while investing
he must like his job after clearing 13 million before taxes and still staying on
even after taxes he is clearing millions over needed for a comfy retirement - thus the smile on his face
for those posting predictions where aapl stock prices will go - have no clue - no one can predict the future - not even warren buffett
do your own due diligence while investing
Some Employees will always suck and can never really be happy. Look at the NBA and NFL player making more than these executives to play a game. They still whine and moan and will even try to get the people who hired them fired to cover their lack of performance
I sold at about $174.20 on Thursday because if that nuclear reactor leaks it’s not good for anyone.
So I wait for these hotheads to cool down and then look at markets again.
So I wait for these hotheads to cool down and then look at markets again.
There are many reasons for selling shares of your company's stock.
You don't know this. Not even the best stock investors with the most expensive charting tools knows this.
Individual earnings reports by themselves may (or may not) drive immediate stock price moves in either direction. It actually matters more what the market THINKS about the news than it does what the news is.
In my observation, overenthusiastic froth often marks the top of a run. What you said indicates froth to me. Whether or not there's froth in a stock that trades over 73 million shares each day, well that remains to be seen.
Earnings for the quarter ending June 30th: AAPL's earnings was DOWN 8% compared to the year ago quarter. The next earnings report is due October 28th. Apple's earnings growth for 2022 is projected to be 9%, while growth for 2023 is projected to be 6%.
While these are by no means to be confused with losses, it's quite possible that Apple's earnings growth is slowing. Companies can be unmercilessly punished in the stock market for slowing earnings growth.
I agree with everything you said, EXCEPT that I will take issue with your last statement. Maybe you own no "stock" in Apple, but you probably do own an "interest" in Apple.
Apple is owned by many mutual funds and ETFs. In some cases, it might represent 5%, 10%, or more of the value of one or more funds that you might own.
For example, if your 401(k) account has any shares in the S&P 500, or if you own any mutual fund (or ETF) designed to broadly follow the S&P 500 index, then something around 7-8% of that money is in Apple stock.
If you own any mutual fund or ETF designed to broadly follow the NASDAQ 100 index, then about 13% of that will be tied at the hip with Apple's fortunes in the stock market.
This is partly true. You don't have to sell any shares. You can leave them to whomever you wish. But yes, you're mostly correct that in order to "do things" with money, you have to convert those assets into money.
Expected to grow 6% for fiscal 2023. That's still more than some utility companies, but your point is well taken. But I would never do like you said and give people advice to sell or buy puts.
The best advice you can give to ANYBODY would be as follows:
1. Educate yourself
2. Never invest all you have in one thing
3. Educate yourself
4. Nothing will replace hard work; not even if you sit at a desk and look at charts all day
5. Educate yourself
6. Always go back and revisit your prior trading decisions. This goes for your decision to shift 401(k) balance from a 2028 fund to the S&P, or from that bond fund you had to a mid-cap fund. In all cases, learn what you did right and learn what you did wrong so that you can improve the next time.
7. Use common sense
8. Educate yourself
9. At some point when the market (or your stock) keeps going down, stop the bleeding!
10. Most leaders in the past bull market do not come back in the next bull market. This is not just "some guy on the internet" saying this. It's true over more than a hundred years of stock market history. Will Apple buck the trend and remain a leader? I don't know and neither do you. All we can do is watch.
Well put.
Shorting a stock requires that you have a margin account. That is another form of debt, which I will never take on. Not only that, you cannot have a margin account in any retirement plan.
LOL, he sold his shares because he knows only somebody with $16 million will be able to afford them!
I can, but I doubt that the majority of it would be spent buying consumer goods.
I hope your attitude is not preventing you from saving for your retirement. According to Siri, America has about 22 million millionaires, which is about 6.5% of the population. From most to least, these are the top jobs that people have done while working to become a millionaire in America:
- engineer
- accountant
- teacher
- manager
- attorney
* the majority of the money that most millionaires have is in their work retirement plans (SEP, IRAs, 401(k), etcetera) and the equity they have in their home.
* from Ramsey Solutions - You can google "millionaire study" if you want to learn more, or find the Chris Hogan book, "Everyday Millionaire" on Amazon.
* I'm not affiliated with any of this; I just think it's good information for anybody, and the younger you are, the greater the chance that you CAN end up with more than 5 or even 10 million to your name.
Last edited:
He should use a tiny fraction of the $16 million to buy a new shirt.
Why? Ever since Covid, I only wear t-shirts. Unless I have to go to a wedding, a funeral, or conduct a job interview on Zoom. Covid really did hurt us so so badly.
I was referring to the picture for this article.
just as some so-called analysts are telling their clients to dump all their APPL stock.
Someone knows or thinks that they know that there is a 're-adjustment' to the market coming.
Someone knows or thinks that they know that there is a 're-adjustment' to the market coming.
Seems like the stock price rises up until a product release event and then dips right after, climbing again after. I haven’t looked up the data points but as a stock owner when I check pricing this is what seems to happen.