yeah, it is always wise to "load up on puts" after a two day 15% fall when a company has 54 Billion in revenue and just announced it grew cash in the last twelve months by 60 Billion.
Give me a break
That's funny I was just at the store at the Biltmore in Phoenix and had to wait in line to get in.
So your argument for this alleged price target of your's is that other tech companies have settled in to half their stock high so Apple will do the same as well?
Brilliant logic! Considering even dead tech companies trade at 10 PE Apple would be near $600 on such valuation. $147 cash + 45/earnings x 10 = 147 + 450 = 597/share
Again, that is with zero growth.
(What an ignorant post you provided)
I do not understand why you would sell after a near 40% fall from the high and a 15% drop in two days. In one breath you know apple is a good company, but in the next you say you are willing to sell 10 years of retirement at a loss because your emotional state can't tolerate fluctuations in the stock market. You essentially sold 10 years of retirement just to rid yourself of the emotional turmoil Wall Street put on you. Wall Street wins again. I don't understand why sold at such a loss when you are $70 from where you bought. Baffling to say the least
I understand the frustration, but Mr. Cook has a responsibility to the shareholders by maintaining and growing the business. He will not grow the business by focusing his attention on what Wall Street is doing to his stock. The company just reported record revenue, the margin dashed a bit but overall this company is still extremely valuable. Turn off the television and stop paying attention day to day to the stock price and give him time to get you a great return on your investment. If you want to hit the lotto buy a lotto ticket, not a stock.
IGNORE the noise and get away from your computer. Mr. Cook is not a stock trader, his job is to run Apple, not day trade Apple stock.
You exited the stock when the RSI just dipped below 30. This is precisely the time to buy this stock, not sell. Turn off the CNBC crowd and think with your own head. Not a smart move selling for this loss. I assure you, you will buy it back at a higher price then you sold it at, meaning you surrendered even more losses.
Really? Apple has 147 Billion in cash and no debt. One is a human foot, and the other is an ant. Which squashes which?
Honestly, why do you watch that station? What "good" do they provide you? I'm just curious what benefit you gain by watching them "advise" you on investing.
What an ignorant post. Companies with 140 Billion dollars, no debt and 54 billion dollars don't go bankrupt. RIMM and Samsung are not taking share from Apple; Apple increased Iphone sales by millions in the last quarter, it had record Ipad sales.
Posts like this are such a waste of time to read.
Why does Apple hoard cash? Ever heard of Motorola? What about the multiple other tech companies out there whose products did not innovate fast enough who did not have hoards of cash to re-innovate itself. Even Apple was in this situation before Steve Jobs came back to re-invent the business.
Here is the philosophy. Tech is constantly transitioning through innovation. If as a tech company you do not innovate your product line fast enough, or if development is made that renders your products not as desirable, you must re-innovate yourself to compete by creating new technologies/products/applications. As long as Apple has hundreds of billions in cash, it will never find itself like Motorola. Even Rimm and Yahoo are in this same boat.
They attack Apple for its stash of cash because should Apple lower its cash it becomes that much more vulnerable. As long as it is sitting on a mountain of cash these wall street swine will NEVER be able to destroy it. Stop beatching about the cash, the brilliance behind this hoard is to make certain the filth of Wall Street is never able to slice Apple from ear to ear like it has done to countless other companies. I am quite certain this is why Steve Jobs never wanted to pay a dividend and hoarded his cash as much as he possibly could.
those calling for 350/share or even 270 and of course the best of them all "under 100"... Lets visit some facts:
Cash 137,000,000,000 = $145 a share (cash managed by Apple's personal hedge fund in Reno, Nevada)
At $450 that means currently 32.2% of this company's value is cash
At $350 that would mean 41.4% of the company is cash
At $270 that goes to 53.7%
This excludes dividends and even the $45-50 in earnings a year on top of it. This is a CLASSIC wall street attack simply to create volatility in the most widely held stock. Why did the stock fall? Year over year earnings were slightly lower (pennies). Revenue increased but earnings did not, clearly this is an issue of margin, which I agree fully with. The same is true of next quarter as estimates are lower year over year. However, in the third quarter the estimate year over year increases 12' Q3 actual was 9.32/share estimate 13' Q3 is 11.67 (25% increase).
The valuation at current price is ridiculous even if Apple never grew at all again. The growth chasers are running away because of Q1 and Q2 13 est/actual YOY "fall". However, this changes---and substantially I will add--in Q3 13' YOY. Rest assured by the time Q3 rolls around they will have already placed themselves back in this stock at these outrageous levels.
At 500B clearly you can't compound your company at 30-40% a year forever when you are this size. However, that does not justify the valuation of this company where it is...or where all the ridiculous prognosticators have placed it all day. Buy and be patient, over the years you will learn this is the best advice someone could give you. Push paper and feed in to the volatility at your own perils. When you make 54 Billion dollars in revenue in one quarter let me assure you, YOU ARE NO WHERE NEAR DEAD.
You and me both, I have been in the game for decades, and never seen something so ridiculous. I don't watch CNBC or shows like that because it is mindless drivel, I suspect their on air cast has said every thing unfathomable about the company you could imagine. It will be at new highs by October, January is always when they beat it down and then drive it up all year until about October
Apple's management has the job of focusing on their business...not babysitting wall street and the stories they have created to move their stock price. Apple management runs a business, not a stock exchange.
So you gambled with options or day trading and you lost and somehow that is Cook's fault? Is that what I am gathering from your post? Apple reported massive revenue growth and record Iphone sales, it also added an additional 60 billion in cash last year. Tim Cook has a job of growing his business and focusing on his business operations, not focusing in on your day trade losses or how to manipulate the stock to make your paper pushing profitable.
You don't buy a stock, you buy a company. When you realize this, you will begin to make money in the stock market.