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The stock was only slightly down the day after earnings. Typical Wall Street overreaction right after earnings are announced. Also I think Warren Buffett had some positive things to say about Apple today so that might be driving the stock up.

How can a slight change be an overreaction? Given the EPS expectations, coming in a little light on iPhones, and the somewhat lower than expected guidance, I thought the stock held up really well.
 
Wish I bought more when it was $90.

I wish, but Carl Icahn was so smart in dumping AAPL at $100 13 months ago, and 12 months ago, I read this highly-rated comment here on MR when AAPL was valued at $90 and David Tepper also dumped AAPL:

People have lost faith in Apple's ability to innovate. Investors want to see a roadmap.

Tim just can't say "everyone will need one". That line does not work anymore.

If you think Apple is doomed, you've not been paying attention...
 
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When you have a situation with all the analysts, news reporters, politicians, celebrities, and especially the uninformed blogging public collectively espousing the virtues of a particular company or market segment, it’s smart to have a contrarian stock strategy ready to execute.
 
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The stock usually goes down after earnings. That is the big investors that shake the tree and cause the little guys to get scared and sell off. Then the big investor swoops down and gets a nice price on additional stock. Rinse and repeat.
 
When you have a situation with all the analysts, news reporters, politicians, celebrities, and especially the uninformed blogging public collectively espousing the virtues of a particular company or market segment, it’s smart to have a contrarian stock strategy ready to execute.

Or you could simply ignore them and keep to your own strategy.
 
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Heavy bets iPhone 8 will be a monster seller. And it should be assuming Apple has inventory to book those sale. Pressure is on TC here like never before.
 
The stock usually goes down after earnings. That is the big investors that shake the tree and cause the little guys to get scared and sell off. Then the big investor swoops down and gets a nice price on additional stock. Rinse and repeat.

No, this is not true. It goes down when earnings are soft, which generally means less than 10% over the consensus, or when other red flags are raised in the earnings report. Those of us who've been in stocks for a long time (particularly this one) have seen plenty of torrid upside action after earnings reports. What's in them matters. A lot. As for the "little guys" nobody requires them to play the scared game. If you let anyone else push your buttons you are getting no better than you deserve frankly.
 
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I'm very satisfied as the stock is doing better than I expected. I thought the stock would drop back to around $145 and stay there for a month. I think Warren Buffett holding Apple stock really helps. He's been saying so many favorable things about Apple and it's unlikely for anyone on Wall Street to directly challenge him. He really helps in giving Apple a bit of credibility. Apple is a little less doomed now. I'm looking forward to that overseas stock repatriation at 15%. I can dream of a one-time dividend although it's not likely to happen. I'd settle for even $5 per share.
 
Heavy bets iPhone 8 will be a monster seller. And it should be assuming Apple has inventory to book those sale. Pressure is on TC here like never before.

12/31/2017 results are going to be critical. 12/31 quarterly sales increased by about 10 million per year from 2007 to 2014 and pretty much plateaued after that at about 75 million phones sold. Apple is going to need substantial growth to maintain its valuation.

With Tim Cook publicly blaming the hype surrounding the iPhone 8 in delaying customers' purchases then he had better be confident those delayed sales will translate into higher than normal sales at the end of this year. Tim Cook should be praying sales exceed 90 million with a heavy bias toward the iPhone 8.
 
12/31/2017 results are going to be critical. 12/31 quarterly sales increased by about 10 million per year from 2007 to 2014 and pretty much plateaued after that at about 75 million phones sold. Apple is going to need substantial growth to maintain its valuation.

With Tim Cook publicly blaming the hype surrounding the iPhone 8 in delaying customers' purchases then he had better be confident those delayed sales will translate into higher than normal sales at the end of this year. Tim Cook should be praying sales exceed 90 million with a heavy bias toward the iPhone 8.

Have an idea praying has nothing to do with it.
 
AAPL is currently at $148.59. If it closes there or higher that will represent a new interday high for Apple's market cap, surpassing the level it reached in February of 2015.
 
AAPL is currently at $148.59. If it closes there or higher that will represent a new interday high for Apple's market cap, surpassing the level it reached in February of 2015.

Did a calculation on this a few weeks ago and came up with $145.50 for market cap high IIRC. Maybe your numbers are based on a revised float?
 
Wish I bought more when it was $90.
In 10 years you will wish you bought it as 150. Investments are just like that.

If you have money spare and can live frugally then you should always be investing in 'something/anything'. The most important thing is that you invest in something you truly believe in, the ones who are shaping the future in a positive progressive long term way, and not just a greedy temporary cash cow.
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I just went long AMD @ $10.
I sold all NVDA and AMD last month before they lost a bit. I looked at GPU sales globally and the current volatile exchange rates and I didn't like the picture. I believe both companies have great product but they need more focus on promoting AI, automation and machine learning. There's too much focus on gaming but gamers are not upgrading as much as they used to.
 
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Did a calculation on this a few weeks ago and came up with $145.50 for market cap high IIRC. Maybe your numbers are based on a revised float?

Yes. Apple's 10-Q filed on Wednesday gives an outstanding shares count of 5,213,480,000 as of April 21st.

Based on the previous count (from Apple's 1Q 10-Q) of 5,246,540,000 I had a price of $147.66.
 
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I'm very satisfied as the stock is doing better than I expected. I thought the stock would drop back to around $145 and stay there for a month. I think Warren Buffett holding Apple stock really helps. He's been saying so many favorable things about Apple and it's unlikely for anyone on Wall Street to directly challenge him. He really helps in giving Apple a bit of credibility. Apple is a little less doomed now. I'm looking forward to that overseas stock repatriation at 15%. I can dream of a one-time dividend although it's not likely to happen. I'd settle for even $5 per share.


Look ONLY at the companies, corporate reports, innovations and long term visions. Stay on top of every detail there ONLY.

Just don't think about Warren Buffet, Hedge Funds, analysts or Wall Street. These ****ers didn't even see the housing market and the banks crash and they were the ones who caused it. They screw with you head daily to make sure you buy when they want you to buy and scare you when they are shorting and want to buy low again. It's legalised criminality. They even admit they can't predict 'ANYTHING'.

We will replace those scammers with P2P cloud banking, direct investing without middle men, and block chain records.
 
I sold all NVDA and AMD last month before they lost a bit. I looked at GPU sales globally and the current volatile exchange rates and I didn't like the picture. I believe both companies have great product but they need more focus on promoting AI, automation and machine learning. There's too much focus on gaming but gamers are not upgrading as much as they used to.

Agreed with your comment about gaming. However, I see big upside for AMD with regard to them stepping into the server market with their upcoming Naples chip. Those are potentially big dollar customers. Plus, I would not be surprised to see a Ryzen chip in future Macs.
 
That post-earnings call "drop" was pretty small to begin with, essentially wiping out just the previous couple of days' gains. It was amusing to watch the headlines in the financial press on Wednesday, blaming the Dow's (small) drop on Apple, even as Apple's price was recouping most of the overnight drop as the day wore on, closing around 0.5% down from Tuesday's close.

One might attribute the drop after Tuesday's close purely on program selling - investors who had determined to "sell on news" regardless of what the results might be.

The after markets trading is relatively meaningless. Those guys are just playing their own game and don't really impact the "real" market. They might impact the open, but market makers and flash trader and such aren't the ones who set the value of the business. The vast majority of the stock is held for years if not decades. It is those holdings and the folks that buy for those holdings that set the market.
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You are right, the drop was small, but that really isn't how program trading works. What you are describing is a simple market order. Now, what anyone can do in their brokerage account is put in a stop loss order to sell if the price falls to a selected number. On earnings reports you can expect a lot of stockholders have set them beforehand to protect themselves against a bad report, and some will be triggered if the stock falls by even a little, which in turn, triggers more of them. When I am getting ready to sell I often set up stop loss orders at 1% below the current price. If the stock goes up that day, I raise it the next day to the same margin and I keep doing that until it sells.

Hmm, that doesn't seem like a good plan. You basically end up pricing in a 1% loss when you are ready to sell, right? You only sell after the 1% drop, so you only sell on the dip. Shouldn't you set a "sell order" at 1% above the current price and capture the fluctuation up?
 
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