So... who else around here, besides Charlie and I, is taking advantage of this incredible buying opportunity?
Since I sold all of my individual stocks and transferred the money out of my trading account, I can't buy anything. I did take the opportunity today to contribute to the kids 529 accounts. I'm still on the fence regarding the effectiveness of 529's, but at least Illinois allows me to deduct 100% of the contributions and since our state tax rate just went up another 2% this year, it does make it a little more attractive.
Very nice indeed! Let's now hope for a wildly bullish earnings report on Wednesday afternoon.
Btw, I heard today that the iPad2 is now more readily available in various outlets. At least that is the case here in Des Moines. I'm thinking that I will check this out on Wednesday. I really want to purchase one.
It may run into the 340's by mid day tomorrow, in fact I'm expecting it, ahead of earnings. If that happens I may sell the 100 shares I bought yesterday (not my bigger stash though). I'd bet that the stock then falls after earnings and then comes back a few days later. I may follow that roller coaster and sell and then buy back. D'ont know but am thinking about going that route. But Andy Zaky's very bullish call has me thinking that may be a mistake.
Here's Andy Zaky's call on revenue and earnings. He's excellent on calling Apple and also believes the stock is undervalued and reaches $500 by year end and I'm right with him. He's 8.5% over current revenue estimates on his call, $1.41 over Apple's call on EPS and $1 over current analysts estimates of EPS. He's been bullish for years on Apple vs estimates, sometimes hitting on the nose Apple's blow away earnings. If he's right this time the stock could simply fly tomorrow night up to a new all time high, possibly $375. So again I'm thinking out my roller coaster strategy on the $32K I invested yesterday. Will it be a roller coaster or will it be a straight uphill climb like that A8 commercial emphasizing Audi's AWD a few years ago?
If you can time it correctly, you will be OK, but personally at this point I am not planning on selling AAPL. In this case, I don't want to chase nickel and dimes at the risk of losing dollars. If the stock doesn't pull back as you suggest it might, then you will lose even more than you might make by selling, because you would miss too much of the gain. Since AAPL is expected to do very well, I am buying on dips, as I did yesterday, when I bought AAPL THREE times.
Yesterday, I also bought more SDRL, CAT, GE, NVS, S, VOD, and a small amount of BAC. BAC is still in the tank, but WILL eventually turn around. The other purchases were very smart in the long run... and some have rebounded big today.
As I detailed recently, every time one of my stocks is down at least 2 percent I buy more.
As far as Android goes, I sold ALL of my Google shares before the big recent sell-off. And I also sold every one of my Amazon shares recently, and at the same time I bought AAPL shares with the AMZN proceeds.
AAPL shares on a roller coaster? Maybe so. But, this is one roller coaster ride I've been enjoying, and I'm staying put.
BTW, there were two guys driving two CT's together on Pacific Coast Highway here in Malibu yesterday, and I think they were involved in a CT road test. I honked and waved as I sailed by them. This car continues to get sooo much attention, it is mind-boggling. This one guy pulled up in the lane next to me and rolled his window down, and started shouting questions... but while I was driving! When I park the car, and then return to it... there is often someone walking around the car, and then when they see me approach, they want to ask a gazillion questions. If I have the time I chat, but sometimes I don't have the time. On my last trip, I noticed I had achieved almost 40 mpg!... 39.3 mpg to be exact... and had fun doing it. Not too shabby.
D'ont see a roller coaster for Apple at all. Just have noticed temp declines around earnings. I wouldn't touch my big stash of Apple, just the smaller 100 share investment I made yesterday. But Im leaning against that since I posted earlier. I think Apple is going to blow away earnings and if Charlie is right that the Ipad2 is becoming more available than the outlook will also be strong and the stock will soar. I would not be surprised at all if Apple is sitting at a new all time high in a few days and lifting the market as it moves toward $400.
Amazon is a bubble IMO. I worry that it's big future fall hurts the market when it happens. Google is rapidly becomiung Microsoft to me. It still is predominantly all search and advertising revenue from that. Now major anti-trust suits are starting to hobble it and I think the management change at the top is for the worse.
You and that Lexus should be a book. Mind boggling that the cheaest Lexus is the hottest and most attention grabbing. They should piggyback the next GS & IS on this car's ideas.
Here's Andy Zaky's call on revenue and earnings. He's excellent on calling Apple and also believes the stock is undervalued and reaches $500 by year end and I'm right with him. He's 8.5% over current revenue estimates on his call, $1.41 over Apple's call on EPS and $1 over current analysts estimates of EPS. He's been bullish for years on Apple vs estimates, sometimes hitting on the nose Apple's blow away earnings. If he's right this time the stock could simply fly tomorrow night up to a new all time high, possibly $375.
Oh wow! I can't thank you enough for these articles Len. I was actually going to do the same thing you were thinking after the "blow out" earnings report tomorrow afternoon. I was going to sell the 50 shares I bought yesterday near the low with the thinking that there will be some sort of a sell-off (as often happens) after a bullish report that causes the stock to open much higher the following day. But after reading this article, I doubt I will do such a thing.
I honestly don't know who this guy is, but I will take your word that he has been on target with AAPL. His analysis of comparing "apples with apples" makes SO much sense. There have certainly been a lot of negative articles about AAPL recently. They are probably trying to take the stock down so that they can load up ahead of the report.
It's impossible to answer with any smart recommendation because your blend of stocks and level of diversification is an unknown. But... I would be careful about putting all your "Apples" in one basket.
I keep saying that there are many great stocks in addition To AAPL... and it's true.
I see you finally took my recommendation and sold Amazon... but you didn't believe me until you read that article... lol... guess my credibility isn't that good... haha.
I would be careful about putting all your "Apples" in one basket.
That's not bad humor TM. In this case however, putting "all my apples in one basket" is probably a good idea. The truth is that my two E-Trade accounts are fairly small, and I just feel as if having "all my apples in one basket" in these accounts is the way to do it.
I see you finally took my recommendation and sold Amazon... but you didn't believe me until you read that article... lol... guess my credibility isn't that good... haha.
Actually, if you read my post carefully I stated that I sold AMZN in one of the broker accounts. I had sold AMZN in my E-Trade account quite a while ago.
I called and told her to sell AMZN and buy AAPL with the proceeds immediately or else. :mad: She followed my orders.
EDIT: After some thought, I decided to put "all my apples in one basket". I hope they don't turn rotten. I sold all my BWA and bought 50 more shares of AAPL this time on one of my E-Trade accounts.
Security researchers have discovered that Apple's iPhone keeps track of where you go – and saves every detail of it to a secret file on the device which is then copied to the owner's computer when the two are synchronised.
The file contains the latitude and longitude of the phone's recorded coordinates along with a timestamp, meaning that anyone who stole the phone or the computer could discover details about the owner's movements using a simple program.
>meaning that anyone who stole the phone or the computer could discover details about the owner's movements using a simple program.
Or any police agency wanting to download all data, pictures, info on your cellphone by threatening that "if you have nothing to hide you'll let us check your phone!" all during a traffic stop. :mad:
The following news item is hopefully a harbinger of things to come this afternoon from AAPL.
By Roger Cheng
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Verizon Wireless's introduction of its iPhone did little to blunt demand for AT&T Inc.'s (T) version of the Apple Inc. (AAPL) smartphone.
AT&T reported a 39% jump in first-quarter profit, helped largely by the continued popularity of the iPhone. The company said that 3.6 million iPhones were activated in the quarter, with nearly a quarter coming from new customers, as the carrier avoided a mass exodus of iPhone customers to Verizon.
My brother manages a chain of stores that sell AT&T phones. He told me his sales of iPhones in March surpassed December. He said several customers mentioned they didn't realize you couldn't simultaneously talk and surf on the Verizon network. So a lot of people apparently were waiting for Verizon to sell the iPhone only to go with AT&T anyway.
So far Apple stock did exactly what I thought it would do, jumping back into the 340's. From there yesterday I was split as to whether it would jump to a record high on earnings or fall back (my rollercoaster from yesterday). I'm holding it thru earnings (I'm talking the 100 shares I just bought at 321, not my older shares as I always intended them as a long hold) and expect a blockbuster, probably even beating Zaky's estimate. But I worry about the outlook given the Japanese production issues. If the outlook is strong I expect a new Apple record after earnings and maybe reaching 375 after hours. Even at 375 this stock is way too cheap and for unlknown reasons is valued by Wall Street as a slower growing manufacturer rather than a tech and entertainment company bristling with innovation and market leadership. The market cap is 315bln or so and Apple is on its way to having $100 bln in cash on its Balance Sheet. It's like buying a million dollar house and finding a third of a million dollars in cash in a closet. Knockout the huge cash hoard from the market cap and Apple is incredibly cheap. I am awfully glad the stock took that tumble toward $320. If it stayed over 325 I'd have missed this last purchase. Also Apple should split. One reason why it lost value this month was purely technical as it's high share price and O/S shares caused Nasdaq to reweight and that in turn caused any money manager that tracks Nasdaq to sell - probably without wanting to.
Snippet this morning from Andy Zaky:
In light of Apple's fiscal Q2 earnings report out after the bell tomorrow, I put a piece together for Fortune showing just how cheap Apple is getting based on it's cash growth and P/E ratio. Here's a snippet from the article:
"If the stock doesn't move up at all or moves down on earnings, Apple's trailing P/E ratio will drop below 15.8 -- the lowest level since the market's March 2009 lows. This is exactly what makes tomorrow's earnings one for the books. Either Apple's stock will have to jump by more than $55 to keep its already miserable P/E ratio in tact, or the stock will likely fall to its lowest valuation since the depths of the financial crisis." Read more here.
He said several customers mentioned they didn't realize you couldn't simultaneously talk and surf on the Verizon network. So a lot of people apparently were waiting for Verizon to sell the iPhone only to go with AT&T anyway.
That's interesting. I had no idea that was the case about Verizon.
He's independent as far as I know and Fortune probably has a deal with him. He's very smart and very logical. Problem is that logic doesn't always make sense in the world of finance. I've always avoided Amazon because it always seemed a bubble to me but look how long that high multiple has susutained itself. Does it make sense that Amazon trades at 4-5X Apple's or Google's multiple??
Apple EPS at $6.40, 9 cents over Zaky's estimate and a $1.09 over the street. Iphone sales thru the roof and gross margin very strong at 41%. The IPad is what was slower than expected all due to production, not demand. If they had met demand the figures would really be thru the roof. But Apple did temper everything wth a forecast for Q3 of $5.03 vs $5.25. No one is talking it seriously but it is the only thing I feared. Stock at $351 and rising. It's really incredible that this company with too low a multiple, practically in value territory, and a growth of 83% top line and 95% bottom line was actually negative for the year 48 hours ago.
It's great that Apple is tempering expectations. You are absolutely correct that the only thing that kept the iPad2 sales below expectations is the fact that they could not produce them fast enough. But, in time the sales of this product will also go through the roof. I did not have a chance to go to the Apple Store and look for the iPad2. But I will do so in the very near future.
A friend of mine living in Raleigh, NC just went to the Apple store there a few hours ago to buy one of these babies and the place had hundreds of people in it. He was astounded. Of course they did not have any for sale since they were all sold out of the daily allotment early in the morning. He was told to try early Friday morning. They are getting 100 in at that time. This company is truly an amazing phenomenon.
I am SO happy that I bought about 150 shares of AAPL the past few days (50 right near THE low on Monday).
I like realistic projections. Microsoft also always put out soft targets in its hyper growth days and it frustrated me. Apple is a different business model so I understand their reservations but I'm still not happy about it.
Why Wall Street is in love with Amazon is hard for me to see. I can understand a love affair at a 25-30X multiple (although even that's far too rich for me) but at 72X?? The Balance Sheet is not exactly re-assuring either as the company at 12/31 had AP that doubled its inventory and receivables. Next to Apple's Balance Sheet Amazon's is pathetic. So you have a high multiple chasing a retail low margin stock that lacks the financial security of a Google or Apple. I have never gotten it, probably never will, and I never buy retail anyway.
That's why I recently posted that I had sold all of Google (literally within days of it's big decline... soooo lucky, eh?) and I also decided to sell all of Amazon because I don't like the numbers any more than you do, and because I think the Kindle is going to suffer at the hands of the iPad. Amazon's online retail is otherwise a good thing, but I'm not willing to own the stock at this point.
I feel great about AAPL, and I feel great about my decisions to load up THREE times on the same day it hit it's lows... almost EXACTLY at the levels I predicted quite a ways ago... also more luck.
We are all in agreement about this stock, but as I've been trying to get across to everyone here, the stock market is about a LOT more than AAPL. There are many companies out there in addition to AAPL that are going to make us a lot of money... hopefully. We all need to chat about them as well if we are going to be on our toes.
The big surprise for me was that I did not expect Intel to do as well as it reported. I really was surprised (and I think even Intel was probably surprised too!!), and I recently had sold off my Intel and also Microsoft shares... they were going nowhere... although I am not concerned because that was around the time I had bought more Apple (of course!)... and as I recall, more Ford, Carterpillar, Novartis, McDonalds, Seadrill, and a couple of others that have mostly all done VERY well. So, it's all good.
The Lexus dealer put on some paint protection for me today... nice of them... as a nice gesture... simply because I mentioned that I thought the last detail wasn't up to par, and they even gave me a loaner. Best service I've ever had! All for buying the cheapest Lexus ever made, that gets nearly 40 mpg. Anyway, they did a darned good job... the car now has a mirror finish.
Did anyone here take profits on some AAPL early this morning? I did not. I am in it for the long haul I hope. Obviously, it would have been nice to sell some at $358+ on the overnight trading, but hind sight is 20-20.
This stock should be trading a lot higher than just up $9 for the day at this point.
Ditto. We are all in this together... we will own it as long as we believe it will continue to go up... and currently that's how we see it.
BTW, I am very glad I sold all my CMG shares just recently... they got hammered today because of some sort of illegal alien hiring problem... imagine that! Shame on them.
Also, I picked up a small amount of additional shares of VOD and VZ on today's dip... also a tad more GE.
Obviously, it would have been nice to sell some at $358+ on the overnight trading, but hind sight is 20-20.
Your comment on overnight trading is interesting to me. Do you have an account to trade extended hours? You must realize that in these types of trades the liquidity is limited due to limited volume and you might not have found the buyer at the price you wanted to sell. That said, I like the idea of opening up an account for after-market and pre-market trading. In fact, I am actually looking into it, and that's why I was wondering if you already have an account like this for yourself.
Your comment on overnight trading is interesting to me. Do you have an account to trade extended hours? You must realize that in these types of trades the liquidity is limited due to limited volume and you might not have found the buyer at the price you wanted to sell. That said, I like the idea of opening up an account for after-market and pre-market trading. In fact, I am actually looking into it, and that's why I was wondering if you already have an account like this for yourself.
I am allowed to trade overnight on my E Trade accounts. I know that at around 6:00-7:00 AM Central this morning there were bids and offers of 100 shares at a time above $358. I think all I had to do is go to the offer and it would have been done. If (big IF) I had done so, I know that I would have bought them back at close to $350 on the regular session. In fact, I was talking with my broker before the market opened this morning that we should stay with all of the shares and that if it sells off to about $350 we should buy more.
Here is an article for you Apple lovers whose apples did not "all rot in one basket":
MARKET TALK: Who Says Apple Shares Are Overvalued?Font size: A | A | A 10:59 AM ET 4/21/11 | Dow Jones 10:59 (Dow Jones) Ticonderoga puts a $612 price target on Apple (AAPL) after the company's blowout F2Q, moving from its already Street-leading $550. Saying the stock is trading just 10 times above calendar-2011 EPS, excluding cash on the books, "we believe there is plenty of upside left in the stock price as we look forward to continued momentum from the iPad 2, a new iPhone 5 in September, growing adoption of Mac products and a bigger push in the TV market as the year progresses." Oppenheimer contends AAPL provides "Porsche performance" at a "Yugo price." It adds the 2Q "should refocus investors on a more clear and present danger, the risk of underweighting the market's premier large-cap growth story." AAPL up 2.4% at $350.75. (kevin.kingsbury@dowjones.com)
Excellent points as usual. There are some great stocks out there, I love Qualcom, am doing well with Nielsen, Citi has hit a wall and so I'm pondering that one. Re Apple I just saw a guy on CNBC make a fool of himself saying Apple's market cap is caiusing resistance the last few weeks. 65blnn, nearly all of Amazons market cap and over 20% of their own, is cash and a year from now they'll be pushing $100bln in cash. The multiple is low, incredibly low when you adjust for cash and a spectacular Balance Sheet. You can't go by market cap, you have to go by earnings, strength of Balance Sheet and future potential in valuing a company. A company with a high market cap is only over-valued if its multiple is too high. Besides the incredoible fundamentals Apple has, the other thing I think missed by Wall street is the hold on its customers it has thru its stores. It's amazing to me that they will give Amazon credit for this via cyber space but devalue the same thing on Apple for direct customer relationships. Everyone I know would rather buy technology directly if they can or from someone vis the net, that has a store nearby. Apple fills that need better than any tech company out there and analysts just keep completely missing that. Re high market cap it does take away the take over possibility. Apple can only be an acquiror and it's biggest problem is that cash hoard. Distribute some of it or use it to buy someone - and if the latter who. But they can't keep hoarding that level of cash and not do something with it.
I had to post this based on our long standing discussion on the energy markets and the manipulation of the prices. Someone must have pushed some buttons....
Faced with the prospect of $5-a-gallon gas this summer, President Obama said today his Justice Department is creating a team to "root out any cases of fraud or manipulation in the oil markets that might affect gas prices."
"That includes the role of traders and speculators," Obama said at a town hall-style meeting in Reno, Nev. "We are going to make sure that no one is taking advantage of American consumers for their own short-term gain."
"This gas issue is serious," Obama said, adding that the best solution is developing alternative energy sources.
The Justice Department is also looking at allegations of price gouging, said Obama, who devoted most of his remarks to his plan to reduce the nation's $14 trillion-plus debt.
President Obama said today his Justice Department is creating a team to "root out any cases of fraud or manipulation in the oil markets that might affect gas prices."
All he has to do is put in the same 50% leverage and margin requirements as stocks and prevent the oil manufacturers from buying in the futures market. Doesn't solve everything but probably eliminates 80% of the problems.
And yes I feel great about about this investigation especially since the first two he announced yielded nothing - assuming they ever took place.
Looks too much like an Audi. I don't like it. I guess Lexus is doing fine, and may have a hit with their new Hybrid. Just do not have the class I expect from a luxury car. Too cartoonish for my tastes.
It is obvious to me that Lexus has decided to introduce a more powerful and aggressive look. I think there is room in the lineup to try it, but I am not sure it will sit well with the majority of buyers. Perhaps it would work well as an independent model, but if that look goes across the entire lineup, I think it could spell trouble. I certainly don't see it as an Audi, even though the grill is quite large, it has a VERYdifferent presentation of its own... looks like it can gobble up or actually sweep up anything in front of it... like a giant dust pan... lol.
Seriously... it might work, but this whole design issue reminds me of the design troubles at Acura. I just hope they don't start designing freaks.
I do want to mention that I really like the front end design of the CT quite a bit, especially with the new integrated design of the thin strip of LED driving lights just under the headlight cluster. Of course, those LED lights were first made famous by Audi, years ago.
Here's a pic of the CT front end, taken from a VERY LOW perspective...
And, a more normal perspective of the CT...
And since I'm posting pics of the CT, this is exactly what mine looks like... I drive mine a bit faster, of course...
I'm surprised that you guys can formulate any opinions to the extent that you have from those pictures. I'm inclined to give it a better chance later.
Sam
BTW, I almost bought Apple on Monday. Yes, I'm conservative to a fault. Cost me (quite a bit) this time. And yes, I am already predicting the "you aren't going to do better than that!" type comments, so go easy on me please. :sick:
To make it easier for everyone to know what we're talking about... here is a front end pic of the Lexus LF-Gh...
OK, now we all know what the fuss is about. Wait a minute!... Is this a new hybrid street-sweeper? Just kidding, I actually don't hate it as much as some of you.
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Since I sold all of my individual stocks and transferred the money out of my trading account, I can't buy anything. I did take the opportunity today to contribute to the kids 529 accounts. I'm still on the fence regarding the effectiveness of 529's, but at least Illinois allows me to deduct 100% of the contributions and since our state tax rate just went up another 2% this year, it does make it a little more attractive.
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Btw, I heard today that the iPad2 is now more readily available in various outlets. At least that is the case here in Des Moines. I'm thinking that I will check this out on Wednesday. I really want to purchase one.
It may run into the 340's by mid day tomorrow, in fact I'm expecting it, ahead of earnings. If that happens I may sell the 100 shares I bought yesterday (not my bigger stash though). I'd bet that the stock then falls after earnings and then comes back a few days later. I may follow that roller coaster and sell and then buy back. D'ont know but am thinking about going that route. But Andy Zaky's very bullish call has me thinking that may be a mistake.
Here's Andy Zaky's call on revenue and earnings. He's excellent on calling Apple and also believes the stock is undervalued and reaches $500 by year end and I'm right with him. He's 8.5% over current revenue estimates on his call, $1.41 over Apple's call on EPS and $1 over current analysts estimates of EPS. He's been bullish for years on Apple vs estimates, sometimes hitting on the nose Apple's blow away earnings. If he's right this time the stock could simply fly tomorrow night up to a new all time high, possibly $375. So again I'm thinking out my roller coaster strategy on the $32K I invested yesterday. Will it be a roller coaster or will it be a straight uphill climb like that A8 commercial emphasizing Audi's AWD a few years ago?
Earnings:
http://bullcross.blogspot.com/
Iphone vs Android:
http://tech.fortune.cnn.com/2011/04/11/why-apple-investors-shouldnt-sweat-androi- - - - - - - - - d/
Re Amazon - and I'm in total agreement with him here too.
http://tech.fortune.cnn.com/2010/10/22/the-amazing-amazon-stock-bubble/
If you can time it correctly, you will be OK, but personally at this point I am not planning on selling AAPL. In this case, I don't want to chase nickel and dimes at the risk of losing dollars. If the stock doesn't pull back as you suggest it might, then you will lose even more than you might make by selling, because you would miss too much of the gain. Since AAPL is expected to do very well, I am buying on dips, as I did yesterday, when I bought AAPL THREE times.
Yesterday, I also bought more SDRL, CAT, GE, NVS, S, VOD, and a small amount of BAC. BAC is still in the tank, but WILL eventually turn around. The other purchases were very smart in the long run... and some have rebounded big today.
As I detailed recently, every time one of my stocks is down at least 2 percent I buy more.
As far as Android goes, I sold ALL of my Google shares before the big recent sell-off. And I also sold every one of my Amazon shares recently, and at the same time I bought AAPL shares with the AMZN proceeds.
AAPL shares on a roller coaster? Maybe so. But, this is one roller coaster ride I've been enjoying, and I'm staying put.
BTW, there were two guys driving two CT's together on Pacific Coast Highway here in Malibu yesterday, and I think they were involved in a CT road test. I honked and waved as I sailed by them. This car continues to get sooo much attention, it is mind-boggling. This one guy pulled up in the lane next to me and rolled his window down, and started shouting questions... but while I was driving! When I park the car, and then return to it... there is often someone walking around the car, and then when they see me approach, they want to ask a gazillion questions. If I have the time I chat, but sometimes I don't have the time. On my last trip, I noticed I had achieved almost 40 mpg!... 39.3 mpg to be exact... and had fun doing it. Not too shabby.
TM
D'ont see a roller coaster for Apple at all. Just have noticed temp declines around earnings. I wouldn't touch my big stash of Apple, just the smaller 100 share investment I made yesterday. But Im leaning against that since I posted earlier. I think Apple is going to blow away earnings and if Charlie is right that the Ipad2 is becoming more available than the outlook will also be strong and the stock will soar. I would not be surprised at all if Apple is sitting at a new all time high in a few days and lifting the market as it moves toward $400.
Amazon is a bubble IMO. I worry that it's big future fall hurts the market when it happens. Google is rapidly becomiung Microsoft to me. It still is predominantly all search and advertising revenue from that. Now major anti-trust suits are starting to hobble it and I think the management change at the top is for the worse.
You and that Lexus should be a book. Mind boggling that the cheaest Lexus is the hottest and most attention grabbing. They should piggyback the next GS & IS on this car's ideas.
Apparently, so does everyone else.
:shades:
Kidding aside... it is mind-boggling, and I guess it might impact what we see down the road. And, who knows WHAT I'll buy next!
TM
http://www.marketwatch.com/story/why-apple-should-buy-disney-2011-04-19?siteid=y- hoof
I completely disagree with the author.
TM
Oh wow! I can't thank you enough for these articles Len. I was actually going to do the same thing you were thinking after the "blow out" earnings report tomorrow afternoon. I was going to sell the 50 shares I bought yesterday near the low with the thinking that there will be some sort of a sell-off (as often happens) after a bullish report that causes the stock to open much higher the following day. But after reading this article, I doubt I will do such a thing.
I honestly don't know who this guy is, but I will take your word that he has been on target with AAPL. His analysis of comparing "apples with apples" makes SO much sense. There have certainly been a lot of negative articles about AAPL recently. They are probably trying to take the stock down so that they can load up ahead of the report.
I hope I am as jubilant tomorrow afternoon.
My question to you guys is this: Should I sell my BWA (Borgwarner) on one of my E-Trade accounts and buy more AAPL in this account? What do you think?
I keep saying that there are many great stocks in addition To AAPL... and it's true.
I see you finally took my recommendation and sold Amazon... but you didn't believe me until you read that article... lol... guess my credibility isn't that good... haha.
TM
That's not bad humor TM.
I see you finally took my recommendation and sold Amazon... but you didn't believe me until you read that article... lol... guess my credibility isn't that good... haha.
Actually, if you read my post carefully I stated that I sold AMZN in one of the broker accounts. I had sold AMZN in my E-Trade account quite a while ago.
BTW... your post's itallic settings are a little scrambled... probably not too late to edit/fix.
Edit: fixed!
TM
I called and told her to sell AMZN and buy AAPL with the proceeds immediately or else. :mad: She followed my orders.
EDIT: After some thought, I decided to put "all my apples in one basket". I hope they don't turn rotten.
The file contains the latitude and longitude of the phone's recorded coordinates along with a timestamp, meaning that anyone who stole the phone or the computer could discover details about the owner's movements using a simple program.
http://www.guardian.co.uk/technology/2011/apr/20/iphone-tracking-prompts-privacy- -fears
I knew there was a good reason not to carry a cell phone. That is a bit too Orwellian for me to take.
Or any police agency wanting to download all data, pictures, info on your cellphone by threatening that "if you have nothing to hide you'll let us check your phone!" all during a traffic stop. :mad:
http://phandroid.com/2011/04/19/aclu-concerned-with-michigan-police-using-mobile- - -phone-scanners/
2014 Malibu 2LT, 2015 Cruze 2LT,
By Roger Cheng
Of DOW JONES NEWSWIRES
NEW YORK (Dow Jones)--Verizon Wireless's introduction of its iPhone did little to blunt demand for AT&T Inc.'s (T) version of the Apple Inc. (AAPL) smartphone.
AT&T reported a 39% jump in first-quarter profit, helped largely by the continued popularity of the iPhone. The company said that 3.6 million iPhones were activated in the quarter, with nearly a quarter coming from new customers, as the carrier avoided a mass exodus of iPhone customers to Verizon.
Snippet this morning from Andy Zaky:
In light of Apple's fiscal Q2 earnings report out after the bell tomorrow, I put a piece together for Fortune showing just how cheap Apple is getting based on it's cash growth and P/E ratio. Here's a snippet from the article:
"If the stock doesn't move up at all or moves down on earnings, Apple's trailing P/E ratio will drop below 15.8 -- the lowest level since the market's March 2009 lows. This is exactly what makes tomorrow's earnings one for the books. Either Apple's stock will have to jump by more than $55 to keep its already miserable P/E ratio in tact, or the stock will likely fall to its lowest valuation since the depths of the financial crisis." Read more here.
Whole article:
http://tech.fortune.cnn.com/2011/04/19/why-apple-shares-are-dirt-cheap/
That's interesting. I had no idea that was the case about Verizon.
AT&T has emphasized that in TV commercials I've seen. Apparently those commercials have been effective.
Tony... I appreciate that. I'm going to pat myself on the back... And I even predicted the low before anyone, anywhere... amazing!
I sure get lucky now and then.
TM
That goes to show you how much attention I pay to commercials.
Btw, does Andy Zaky work for CNN? I love his articles about AAPL.
Qualcomm had great earnings as well.
A friend of mine living in Raleigh, NC just went to the Apple store there a few hours ago to buy one of these babies and the place had hundreds of people in it. He was astounded. Of course they did not have any for sale since they were all sold out of the daily allotment early in the morning. He was told to try early Friday morning. They are getting 100 in at that time. This company is truly an amazing phenomenon.
I am SO happy that I bought about 150 shares of AAPL the past few days (50 right near THE low on Monday).
Why Wall Street is in love with Amazon is hard for me to see. I can understand a love affair at a 25-30X multiple (although even that's far too rich for me) but at 72X?? The Balance Sheet is not exactly re-assuring either as the company at 12/31 had AP that doubled its inventory and receivables. Next to Apple's Balance Sheet Amazon's is pathetic. So you have a high multiple chasing a retail low margin stock that lacks the financial security of a Google or Apple. I have never gotten it, probably never will, and I never buy retail anyway.
I feel great about AAPL, and I feel great about my decisions to load up THREE times on the same day it hit it's lows... almost EXACTLY at the levels I predicted quite a ways ago... also more luck.
We are all in agreement about this stock, but as I've been trying to get across to everyone here, the stock market is about a LOT more than AAPL. There are many companies out there in addition to AAPL that are going to make us a lot of money... hopefully.
The big surprise for me was that I did not expect Intel to do as well as it reported. I really was surprised (and I think even Intel was probably surprised too!!), and I recently had sold off my Intel and also Microsoft shares... they were going nowhere... although I am not concerned because that was around the time I had bought more Apple (of course!)... and as I recall, more Ford, Carterpillar, Novartis, McDonalds, Seadrill, and a couple of others that have mostly all done VERY well. So, it's all good.
The Lexus dealer put on some paint protection for me today... nice of them... as a nice gesture... simply because I mentioned that I thought the last detail wasn't up to par, and they even gave me a loaner. Best service I've ever had! All for buying the cheapest Lexus ever made, that gets nearly 40 mpg. Anyway, they did a darned good job... the car now has a mirror finish.
TM
This stock should be trading a lot higher than just up $9 for the day at this point.
Ditto. We are all in this together... we will own it as long as we believe it will continue to go up... and currently that's how we see it.
BTW, I am very glad I sold all my CMG shares just recently... they got hammered today because of some sort of illegal alien hiring problem... imagine that! Shame on them.
Also, I picked up a small amount of additional shares of VOD and VZ on today's dip... also a tad more GE.
Obviously, it would have been nice to sell some at $358+ on the overnight trading, but hind sight is 20-20.
Your comment on overnight trading is interesting to me. Do you have an account to trade extended hours? You must realize that in these types of trades the liquidity is limited due to limited volume and you might not have found the buyer at the price you wanted to sell. That said, I like the idea of opening up an account for after-market and pre-market trading. In fact, I am actually looking into it, and that's why I was wondering if you already have an account like this for yourself.
TM
I am allowed to trade overnight on my E Trade accounts. I know that at around 6:00-7:00 AM Central this morning there were bids and offers of 100 shares at a time above $358. I think all I had to do is go to the offer and it would have been done. If (big IF) I had done so, I know that I would have bought them back at close to $350 on the regular session. In fact, I was talking with my broker before the market opened this morning that we should stay with all of the shares and that if it sells off to about $350 we should buy more.
MARKET TALK: Who Says Apple Shares Are Overvalued?Font size: A | A | A
10:59 AM ET 4/21/11 | Dow Jones
10:59 (Dow Jones) Ticonderoga puts a $612 price target on Apple (AAPL) after the company's blowout F2Q, moving from its already Street-leading $550. Saying the stock is trading just 10 times above calendar-2011 EPS, excluding cash on the books, "we believe there is plenty of upside left in the stock price as we look forward to continued momentum from the iPad 2, a new iPhone 5 in September, growing adoption of Mac products and a bigger push in the TV market as the year progresses." Oppenheimer contends AAPL provides "Porsche performance" at a "Yugo price." It adds the 2Q "should refocus investors on a more clear and present danger, the risk of underweighting the market's premier large-cap growth story." AAPL up 2.4% at $350.75. (kevin.kingsbury@dowjones.com)
Excellent points as usual. There are some great stocks out there, I love Qualcom, am doing well with Nielsen, Citi has hit a wall and so I'm pondering that one. Re Apple I just saw a guy on CNBC make a fool of himself saying Apple's market cap is caiusing resistance the last few weeks. 65blnn, nearly all of Amazons market cap and over 20% of their own, is cash and a year from now they'll be pushing $100bln in cash. The multiple is low, incredibly low when you adjust for cash and a spectacular Balance Sheet. You can't go by market cap, you have to go by earnings, strength of Balance Sheet and future potential in valuing a company. A company with a high market cap is only over-valued if its multiple is too high. Besides the incredoible fundamentals Apple has, the other thing I think missed by Wall street is the hold on its customers it has thru its stores. It's amazing to me that they will give Amazon credit for this via cyber space but devalue the same thing on Apple for direct customer relationships. Everyone I know would rather buy technology directly if they can or from someone vis the net, that has a store nearby. Apple fills that need better than any tech company out there and analysts just keep completely missing that. Re high market cap it does take away the take over possibility. Apple can only be an acquiror and it's biggest problem is that cash hoard. Distribute some of it or use it to buy someone - and if the latter who. But they can't keep hoarding that level of cash and not do something with it.
Faced with the prospect of $5-a-gallon gas this summer, President Obama said today his Justice Department is creating a team to "root out any cases of fraud or manipulation in the oil markets that might affect gas prices."
"That includes the role of traders and speculators," Obama said at a town hall-style meeting in Reno, Nev. "We are going to make sure that no one is taking advantage of American consumers for their own short-term gain."
"This gas issue is serious," Obama said, adding that the best solution is developing alternative energy sources.
The Justice Department is also looking at allegations of price gouging, said Obama, who devoted most of his remarks to his plan to reduce the nation's $14 trillion-plus debt.
ROTFLMAO!!
Regards,
OW
I feel so much better now;) NOT!
And yes I feel great about about this investigation especially since the first two he announced yielded nothing - assuming they ever took place.
http://www.lexus.com/lexus/LF_GH/index.jsp?launchOverlay=true&filepath=/lexus/LF- _GH/video-framer.html&s_ocid=Pursuit:0411:CTA1:LFGh&cid=Pursuit:0411:CTA1:LFGh
Seriously... it might work, but this whole design issue reminds me of the design troubles at Acura. I just hope they don't start designing freaks.
I do want to mention that I really like the front end design of the CT quite a bit, especially with the new integrated design of the thin strip of LED driving lights just under the headlight cluster. Of course, those LED lights were first made famous by Audi, years ago.
Here's a pic of the CT front end, taken from a VERY LOW perspective...
And, a more normal perspective of the CT...
And since I'm posting pics of the CT, this is exactly what mine looks like...
I drive mine a bit faster, of course...
Wonder what the new LS will look like.
TM
OK, I'll say a little more, what a weird mess, and looks way too much like a simple facelift of the old car.
Sam
BTW, I almost bought Apple on Monday. Yes, I'm conservative to a fault.
Cost me (quite a bit) this time.
And yes, I am already predicting the "you aren't going to do better than that!" type comments, so go easy on me please. :sick:
OK, now we all know what the fuss is about. Wait a minute!... Is this a new hybrid street-sweeper?
TM