some bean counter decided to eliminate certain categories from the 50 free fixed priced monthly listings and make it 100 auction style some months ago.
So happens those were the categories I sold things in. I went from right under $20,000 annual sales (ebay and paypal fees on all of it and a high percentage because my sales were $5-$10 at a time) to $8000 so far this year but nearly all of that was before they changed their policy.
Well guess what? I still have my inventory, but I opened up an etsy shop. No longer needing to buy on ebay or sell either.
So long ebay. Not surprised they are at a 52 week low.
It is in the best interest of apple to have the price go DOWN as low as possible so they can buy back as low as possible.
Giving money back as a dividend just gives money away. The company should buy back shares and reduce the float. It will save them a little on the dividend and improve earnings per share.
But honestly, the reason the stock is dropping is the estimates are dropping. Current estimates are for less earnings and revenues as last year.
That isn't the fault of Tim Cook. The smartphone is becoming a commodity product and there is competition. No more iphone or nothing.
He can't force people to buy the products. And compeition is coming which are going to hit margins. It's just the nature of the product cycle.
not sure if it's before or after earnings but soon............... mid 300 range, most likely 360-385, so not that much lower.
I think it can rally to 460-485, maybe a little more, perhaps even as high as 515.
but after that it goes to low 300's and maybe $280 or so.
then trades for years with $350 or so being the upside.
if you are long, use the next rally to get out.
soon the market is going to realize this isn't a blackberry issue or apple issue or samsung.
the higher end smartphone is a saturated market with a lengthening refresh cycle like pcs and prices will drop as it becomes a commodity product.
I don't care how much apple has in cash, that is where this stock ultimately goes.
I'll go long after earnings as a trade but once that is up, going short again.
and btw........... appl ain't gworing earnings and revenues 20% YOY, in fact earnings estimates are now lower this year than last.
Stock was at $450.99 when I made this call.
Half way there aleady and it's only two months from my call.
Maybe I'm a little bearish, but I do not think apple has seen it's low.
Since you are so bullish, buying today? LOL!
Sorry to burst your bubble. Rev estimates are for a 13% yoy growth and the rate is slowing not growing.
Alot of people would have said $450 was posted by an idiot.
Margins are going to get hurt and earnings are coming down............... again.
Stock eventually goes to mid 300 area.
OR. Could be sell the news
OR. Could be investors will worry about all the discounting KR will have to do to win back customers.
I would not be so certain.
Lowers guidance. Opens down. Rallies to new 52 week high on good volume.
8 days worth of shorts to cover.
Not going down on bad news. Wonder what it will take to go down. Shorts will support this stock for a while.
In other words you are trying to disguise your buying then when you say you have a buy and are buying on margin you will pump the stock, hump it and dump it!
TIgers don't change their stripes!