What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Apple (AAPL) : Tim Cook announces iForum. Dodds and Bryant prepare shut down operations (2 Viewers)

Volume has just vanished. Just stuck with a floor of 440 and no activity. If it trades at this multiple and they hit their projection on the nose that has this stock at 420. Still a lot of room to fall.

 
Apple now has wiped out as much market share as the DJIA did on Black Monday in 1987 and the 1929 crash, together. :factsIheardbutdidn'tfactcheck:

 
Last edited by a moderator:
I just bought some more today. Had some cash sitting around, and the dividend yield is 2.5%. Don't need the capital at this point or at any time in the next decade. So I'll buy and hold.

 
I wonder what will happen if they have EPS at around 35-38 this year (which is where i have it pegged) after the 44 EPS last year.Is most of that priced in? As low as Apple is right now there is no way around their margins dropping significantly with all the competition in the markets they are in.

 
Big pullback in progress. Looks like after hours trading is halted. Could be bloody tomorrow. Strange because it looked to be settling into a range.

 
Apple in China Unparalleled arrogance, undisclosed agenda Mar 28th 2013, 6:23by V.V.V. | SHANGHAIAPPLE and China seem a perfect fit. Both are secretive autocracies that have produced spectacular economic results and technological marvels—but only for those willing to abide by the strict rules imposed within their great firewalled gardens. Apple is one of China’s most successful brands and China one of Apple’s most important markets.

So it is quite surprising to see the American technology firm come under repeated attack in recent days by mouthpieces for the state and Communist party. On March 15th, World Consumer Rights Day, a much-watched annual programme on CCTV, the official broadcaster, attacked Apple’s policies and practices in China. The suggestion was that the greedy firm treated locals as second-class citizens. This week, the People’s Daily, a party mouthpiece, launched a series of vitriolic attacks that accused the firm of “unparalleled arrogance.”

It is not unusual for foreign companies to come under occasional attack in China. Sometimes, this is well deserved—as when, last year, KFC was exposed for supply-chain lapses that led chickens of dubious quality to be served in its restaurants. But the CCTV exposé, which discussed warranty-repair policies, did not find anything remotely as rotten at the core of Apple’s China business. So what is really behind all this?

One possibility is that the attacks are being orchestrated by a commercial rival that could gain from Apple’s misfortune. A number of celebrities rushed to join the CCTV attack on Apple by posting rude comments on Weibo, China’s version of Twitter. One of them, known to be a paid spokesman for a rival smartphone manufacturer, made the mistake of including in his Weibo posting the instruction to post the attack at a certain time—making clear that it was not written by him. Embarrassing, to be sure, but that does not prove a firm was behind this—especially since the other celebrity attackers are not thought to be on a rival’s payroll.

It seems more likely that Apple is the target of an officially-sanctioned attack, but which bit of officialdom might be pushing it remains unclear. Some think it might be a shakedown by CCTV, in order to encourage Apple to advertise on its channels. Others think that it is the vanity of bureaucrats at work. The ever-arrogant Apple may have failed to kowtow to the right officials in Beijing.

But what if Apple were merely a convenient whipping boy? Some think that this recent skirmish is in retaliation for foreign powers’ attacking Chinese firms abroad. The EU, for example, is currently taking a hostile stance towards China’s solar exporters. And American politicians have all but declared war on Huawei, a telecoms giant that stands accused—on no public evidence, it must be noted—of spying for the Chinese state.

It is just possible that the attacks on Apple are a prelude to pushing foreign firms out of the Chinese mobile-phone market. That seems ridiculous, given how popular Apple’s operating system and Google’s Android are in China. However, an official white paper did recently make the extraordinary claim that China’s reliance on Android was dangerous. The country’s censors or security enforcers may want to promote domestic operating systems that they can more easily penetrate, monitor or control.

There is another, even more troubling, theory that could explain the bizarre and unexpected attack on Apple this month. Taken together with other recent tirades against foreign firms like Volkswagen, this could mark a radically different approach to foreign companies being tested by China’s new leadership. Such sabre-rattling could be seen, on this view, as the natural complement to the belligerence seen over the Senkakus and in other military matters.

Truth be told, nobody outside the official inner circle has a clue what is really going on. The only certain thing is that the famously aloof technology firm is surely paying attention. “China is currently our second-largest market,” Tim Cook said to Xinhua, the official newswire of Chinese propagandists, before the attacks. He then perhaps tempted fate by going on: “I believe it will become our first. I believe strongly that it will.”
Click to expand...
 
tommyGunZ said:
tommyGunZ, on 17 Apr 2013 - 12:48, said:I'm getting absolutely hammered by this decline. :bag:
Click to expand...
:thumbsdown:Sucks that you are losing money. I never like to see that. I think it will stay around the $400 lvl and consolidate there a bit before its next move (which will likely be driven by Q1 earnings tuesday). God knows which way it will move from there - hopefully higher for your sake. All signs are pointing to a rough quarter for Apple however, so the question in my mind is how rough compared to expectations. Running an ANR on BBG shows 80% still have buys on the stock and only 4.6% sells....I'd tread very carefully.If it makes you feel better Apple's move is nothing compared to the resource sector. I'm still quite long oil stocks in my PA (thank God no gold or silver) and they have been getting smashed.
 
I've got some money I can throw at it if it nears $350ish, but I'm not entirely sure that's the best use of my cash at the moment.

 
tommyGunZ said:
siffoin said:
The technical picture of AAPL closing below $390 would not be optimal.
Click to expand...
:GULP:
Click to expand...
The good new is that a close below $390 wouldn't be the worst possible scenario for AAPL.

The bad news is it would be the 2nd worst possible scenario.

I think it should bounce sometime soon...move back towards $420. But daily and (worse) weekly charts look very very weak.

In addition what happens if the overall market turns bearish in the near future too (a very real possibility)?

I know some folks here mention they'd be backing up the truck at $400. At this point and for their sake I hope that was a tonka.

 
siffoin said:
tommyGunZ said:
siffoin said:
The technical picture of AAPL closing below $390 would not be optimal.
Click to expand...
:GULP:
Click to expand...
The good new is that a close below $390 wouldn't be the worst possible scenario for AAPL.

The bad news is it would be the 2nd worst possible scenario.

I think it should bounce sometime soon...move back towards $420. But daily and (worse) weekly charts look very very weak.

In addition what happens if the overall market turns bearish in the near future too (a very real possibility)?

I know some folks here mention they'd be backing up the truck at $400. At this point and for their sake I hope that was a tonka.
Click to expand...
I was someone that said they were a buyer at 400 (never been in the stock) but I have not made a purchase yet. I want to see what the earnings release says as the stock is very bearish and the market feels like it has turned the corner in not a good way.

 
Sarnoff said:
I've got some money I can throw at it if it nears $350ish, but I'm not entirely sure that's the best use of my cash at the moment.
Click to expand...
A hedge fund manager (with still a huge amount invested in appl) was on Cnbc yesterday. He was imploring appl to do something with the 137 Billion they have been hoarding. Just my thnking, but at these levels, a buyback would seem like a great idea. But wtf do i know.

 
Buy Samsung. Corner the smartphone market in one move, and there are enough also-rans to protect against anti-trust. Also get Q1's best selling PC in the bargain.

 
tommyGunZ said:
http://forumimages.footballguys.com/forums/public/style_emoticons/#EMO_DIR#/eek.gif +14.34 (2.81%)

I'm making more on this stock every morning before I get to work than I actually make in the office all day. An incredible run.
Click to expand...
yeah, i want to buy in but am going to have to wait this one out until there is a dip to get some value.
Click to expand...
I keep raising my basis - bought 11 more shares yesterday at 551. The wave is still raising bagger, come on in, the water's warm. http://forumimages.footballguys.com/forums/public/style_emoticons/#EMO_DIR#/thumbup1.gif
Click to expand...
still waiting am close now though.
 
Last edited by a moderator:
You must log in or register to reply here.

Similar threads

Anarchy99
Top 250 Best Selling Rock Albums (1967 - 1981)
12 13 14
Replies
675
Views
36K
zamboni
zamboni
whoknew
DOJ and 30 States File Suit to Break up LiveNation
Replies
10
Views
752
the moops
the moops
S
Jury Finds Realtors Conspired to Keep Commissions High
5 6 7
Replies
323
Views
16K
FreeBaGeL
FreeBaGeL

Users who are viewing this thread

Total: 2 (members: 0, guests: 2)
Back
Top