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Comments
I have been trying to catch up on some of the news and from what I see and read, I might actually end up being GLAD I am out of the market for a while.
Hard to say, as things are very volatile at this point in time, and there is a bearish sentiment.
I checked some of the analyst's perspective on Apple, and quite a few of them are bearish. :surprise:
Kwazy market.
TM
Is Apple's share price being manipulated?
Regards,
OW
GO READ MY POST # 3656.
But keep trying... this is important stuff.
TM
http://www.optionpain.com/OptionPain/Option-Pain.php
What amazes me is that those 5 points are total BS, and that the fundamentals vs the multiple make no sense on earth, especially with respect to other companies - ie Amazon at nearly 6X Apple's multiple with a riskier Balance Sheet, much much lower earnings numbers and slower growth of them. You'd have to expect a pretty big earnings fall in Apple plus a dismal outlook to have the current valuation, hence the manipulation and whoever is doing it is the biggest issue right now and demands an immediate investigation. This is what makes me sick about Wall Street. They cheat in every way possible and so we see everything from flash collapses that result in absurd, if not totally impossible valuations of breadths of companies (briefly) to individual stock manipulation which result in difficult, if not impossible valuations to understand for a long period.
I really dislike Soros... talk about a market manipulator... and most recently an aggressive and dangerous media manipulator.
TM
The biggest issue here for AAPL as I see it is actually not what these articles have described. The real issue is 'they' are able to pin the share price to a trading range.
In simplest terms, Option traders basically paid a premium to allow them to buy or sell shares at a certain price (strike price) at some point in the future ranging 1 month upto 2 years (expiration).
The option holders would make money if the share price headed toward the strike price, or exceeded it. The reverse is true if the share price remains unchanged over time. In the case of Apple, there has to be huge amount of options out there predicting the share to be at $400 or more based on the company's fundamentals. The longer the share price remains around 350 the more options would expire worthless. Guess who is making money... the option writers/issuers of course.
I am speechless. I don't get it. I am holding on come hell or high water.
Her is Big Oil:
Here is OPEC: :P
Here is the little guys like us: :sick:
Regards,
OW
The stock market is out of control as is the Federal Government. Latest news the Federal Employee retirement fund will be spent to pay the bills since they cannot sell anymore debt. Hope no one here is hurt by that news.
The Obama administration will begin to tap federal retiree programs to help fund operations after the government lost its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.
What to do is a very good question, TM is probably smart getting out.
I am thrilled that I am out of the market right now! And, I won't be upset if the market rebounds and I'm not in it at that exact moment. The bigger picture for me is that I fully intend to stay out of the market until I know it is healthy enough again. When that time comes, there will be plenty of money to be made, so I don't feel compelled to hit any sort of bullseye.
But... just for fun... I bought a VERY small amount of only a half dozen stocks this morning... just to get a feel for what would happen if I was actually in the market in a big way. I will watch these over the next days, and try to get a better sense of the market. I think it is better to make a genuine investment, even though very small, then to play with hypotheticals. The real thing makes a person more accountable for their decisions.
These 6 stocks: F, AAPL, DECK, CAT, S, WMT
Again, I'm in only very small potatoes right now... so I can NOT get burned no matter what the market does... but this way it will be more interesting adn meaningful.
BTW, I have deliberately picked these 6 stocks, but my reason for a questionable stock like Sprint might need to be explained... it is because there is word that has JUST leaked out that Sprint MIGHT get the iPhone by year's end.
Good luck to all of you that are continuing to stay in the market in any significant way... especially all you guys that are holding AAPL in a big way. Based upon posts here, I sense a certain anxiety about AAPL's share price , and the way it doesn't appear to be reflective of the company's fundamentals. But, then again...
TM
SOMETHING's going on!
Hmmmmm.
And, maybe... just maybe... as a result, the stock is about to jump?
TM
If you are leading us astray on this, I am going to send a truck load of apples to your place and dump them on your front yard next week
I have been digging and digging for information regarding Apple. That's why I originally posted that stock manipulation information for all of you. But, what really interests me much more is finding GOOD news, not bad, that I can share with all of you. And by that I mean good news other than Apple's financials, which recently have not been motivating the big investors.
Remember this... I posted several times that I believe it will take a "CATALYST" to get the stock to start moving upwards again. I do not yet know what exactly is going to happen this weekend and early next week, or if it will be enough of a catalyst or not, but I sure hope so.
I will keep you informed as I dig up more info.
BTW, I like apple pie, so go ahead and send those apples anyway.
TM
While no one knows for sure what's up, AppleInsider suggests "one potential product could be the rumored iCloud service that is expected to play a major role in future versions of iOS and Mac OS, and also offer streaming music and media capabilities. In April, Reuters reported that Apple's work on its new streaming music service was 'completed,' while a separate report claimed that Apple has inked deals with two major record labels."
Daniel Ionescu, at PCWorld, says the big event could mean Apple is "ready to launch 'long-rumored' products such as a TV set, or a free MobileMe service." Or, he wrote, perhaps Apple is "just redecorating."
The actual 10th anniversary of Apple's stores is May 19. On that day in 2001, the first two stores opened in Tysons Corner mall in Virginia and in Glendale, Calif., at the Glendale Galleria. The company now has more than 300 stores worldwide; more than 200 of them are in the U.S.
10th Anniversary Surprise
Regards,
OW
Whatever happens, it's likely more than redecorating... because there's word that some sort of hardware has been shipped.
I think we are going to see Apple's share price much higher before too much longer.
TM
Regards, OW
Regards,
OW
You did the right thing Charlie.
TM
Heck, I am just glad to see AAPL's share price is moving higher.
BTW.... I BOUGHT 37 DIFFERENT STOCKS EARLY THIS MORNING!!... in case you are interested.
Yes, I am back in the market! But... I did not purchase at high levels on all of them.
TM
This morning, I invested about 1/3 of the total dollar investment I had previously. As we move forward, I can adjust the risk level accordingly... especially since I spread it out between 37 different stocks. Most are the same as before, but there are 8 new ones and several deletions. I then tweaked a couple things, and I am now holding 35 different stocks.
Good "timing"?
TM
GS... What's going on here? I thought you were expecting a pullback to around mid-twenties.
TM
Dude... recently, this market has had everyone mixed up.
What worries me now is that there is a bullish sentiment coming back at the SAME time there's a sh_tpile of stocks that are now (or rapidly approaching) becoming way too expensive.
The ONLY solution (other than a bubble) will be that the big investors will have no choice but to dump them. So, I expect we will see an investment shift from those over-priced stocks (as they get dumped) to those stocks that have been beaten down lately.
So, here's my tip for the day... I suggest we do our homework right away, and identify and sell those stocks that are too pricey, and then seek out and buy those stocks that have better upside (such as CAT, AAPL, F, maybe even financials, etc.).
TM
China Mobile: Consensus With Apple On 4G Technology On iPhonesFont size: A | A | A
12:50 AM ET 5/19/11 | Dow Jones
HONG KONG (Dow Jones)--China Mobile Ltd. (CHL) said Thursday it has reached consensus with Apple Inc. (AAPL) on using its fourth-generation technology on iPhones to be offered by the Chinese mobile services provider.
However, China Mobile Chairman Wang Jianzhou said talks with Apple on launching the iPhone remain ongoing. He also declined to elaborate on exactly what has been agreed with Apple.
Apple representatives weren't immediately reachable for comment.
Wang told reporters that there are over 4 million China Mobile customers using the iPhone. Currently, China Unicom (Hong Kong) Ltd. (CHU) is the only Chinese mobile operator to offer them.
Wang also said the company plans to start commercial trials of the 4G technology it is promoting, called time-division long term evolution, or TD-LTE, in China beginning next year.
Global telecommunications carriers are in the process of launching services based on LTE technology, which promises faster data download than third-generation networks.
China Mobile also said it plans to invest CNY10 billion this year to developing Wi-Fi infrastructure in China.
-By Chester Yung, Dow Jones Newswires; 852-2832 2331; chester.yung@dowjones.com
> Dow Jones Newswires
05-19-11 0050ET
CSCO comes to mind here. I bought a fairly strong position a couple of days ago.
2013 LX 570 2016 LS 460
On the rare occasion that New Yorkers talk about farming, it's usually something along the lines of what sort of organic kale to plant in the vanity garden at the second house in the Adirondacks. But on a recent afternoon, The Observer had a conversation of a different sort about agricultural pursuits with a hedge fund manager he'd met at one of the many dark-paneled private clubs in midtown a few weeks prior. "A friend of mine is actually the largest owner of agricultural land in Uruguay," said the hedge fund manager. "He's a year older than I am. We're somewhere [around] the 15th-largest farmers in America right now."
"We," as in, his hedge fund.
http://www.observer.com/hedge-funds-running-farms-05172011
Is this a good place to put our money?
I did also. I think it is still the premier network company. Hopefully it is not part of the options manipulator game. I am getting tired of C. I may unload it while I am ahead.
CSCO could be smart, as I posted about it recently... but be very careful to sell it after it goes up modestly, because I don't think it will surge very high.
FWIW... These were my largest purchases (amongst others) this morning...
AAPL, CAT, CMI, and F
Especially AAPL.
TM
I own 38 acres of wooded property, and I regularly get lucrative offers from timber companies to 'thin" the property. I always decline, however, as it would ruin it, IMO.
And, you are right about the population growth. Depending upon the area, development can suddenly make raw land very valuable.
In recent years, the area surrounding my 38 acres has started to develop. Since it is located only a few miles from a major freeway and frontage road, there is already some residential development nearby, and the rumor of significant commercial development along the freeway. I originally paid $12,000 for all of the land. Now it's already worth hundreds of thousands. I'm just hanging in there and waiting... there's no rush to do anything.
Regarding the hedge fund slime... I agree.
To take it a step further, I would love to see some genuine trading restrictions in place that would stop the ridiculous levels of speculative trading (gambling) that warps the markets and unduly impacts global economies.
But when the fox is guarding the henhouse... well... you know.
TM
Yesterday, and additionally early this morning, I invested in four service providers. I have no doubt whatsoever that the upside growth is enormous on a global level. I am not going to try to outsmart which of the four providers is going to edge out the other, so I decided to split an $80,000 investment equally between T, S, VZ, and VOD.
It just seems plenty plogical to me that these companies, cumulatively, should experience significant growth. If I witness one of them having some sort of troubles, on the other hand, fantastic news of some sort, I will adjust the investment accordingly.
I am hopeful that the rumor regarding Sprint getting the iPhone is true. From a percentage point-of-view, that could be a real win for Sprint's shares. We'll find out later this year.
Also, yesterday, I invested in both UPS and FDX. I am convinced that more and more business shipping will be provided by these companies... as well as an increase in shipping demand due to the continuing growth of online retailing. So, it just makes logical sense to me to invest in both of them.
TM
The speculators should be forced to expose themselves to more risk in their dirty dealings and manipulations, make them ante up more to get in. As it is now, like you say, some are just getting the justice they pay for.
Yeah, hopefully justice (or karma) will be forthcoming to Soros.
This is what Len has been preaching for at least over the past couple of years.
Len's perspective and mine regarding the need for restrictions have always been nearly identical... and my comment today, which reiterated this position, was in reply to another member's (fintail's) post.
IIRC, you also share this perspective.
I particularly recall discussions surrounding this topic that go years back, when we had that previous round of unsubstantiated high oil prices. However, you should recall that Len was quite certain that fundamentals would prevail, and I maintained that those nasty speculators would overshadow the fundamentals... thereby causing oil prices to be abnormally high. I was right about that, as it turned out, and Len and I both expressed at various times our outrage with the whole speculative situation.
OW was also posting back then that he believed the price of oil was going to "fall off a cliff"... and I strongly, and correctly, argued that the speculative investors would prevent that from happening.
Unfortunately, I do not recall your position at that time, but I would venture to guess that your perspective was the same... IOW supporting restrictions on overly-speculative investing.
It was also at that time that I predicted that we would see the most recent round of high oil prices... and sure enough, those nasty speculators have done it again... and this time along with other commodities, such as silver.
Bottom line... we all see the damage. Something needs to be done!
TM
Well, with my most recent round of stock purchases, I actually included a few thousand bucks worth of BKS in the mix... hardly anything like the sizeable amount I first had.
Well... TAKE A LOOK AT THE AFTERMARKET PRICE at this very moment. IT"S UP OVER 20%!!
Seems there might be some sort of buyout offer at $17/share from Liberty Media. I bought it at $13 and change. Sweet!! Sure, I wish I had more than a few thousand bucks of the stock, but then again, I don't want to get greedy.
It always feels good to make an occassional good decision.
TM
Yes, absolutely. My perspective was the same. In fact, instead of heavy speculation, I have been calling it "manipulation" by the big boys.
TM
I test drove an RX450h yesterday, and I am in love. It's no wonder you wife didn't want to swap into an CTh. It's at least 100% better than the previous gen RXh. This is a the first hybrid that I could see myself driving and loving it.