don't, you should be selling high, not buying
If only it were that easy.
don't, you should be selling high, not buying
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.
Wish I bought more when it was $90.
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.
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.
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.
Would love to see it at $185!
Not sure why some have a sell recommendation with a good PE ratio as Apple does?
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.
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.
In 10 years you will wish you bought it as 150. Investments are just like that.Wish I bought more when it was $90.
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.I just went long AMD @ $10.
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?
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.
Rumors drive the stock up, So before WWDC people would buy it and make so quick cash and sell-off after announcement or during announcement...why?
Rumors drive the stock up, So before WWDC people would buy it and make so quick cash and sell-off after announcement or during announcement...
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.
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.
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.