AAPL recently filed with the SEC and said a "material" impact might occur from the EU's tax probe into AAPL's agreement with Ireland. AAPL could be forced to pay up to 10 years of back taxes. Since $100 billion or more of their cash is overseas, this could be a substantial penalty and also a hit on future earnings. Google the news, this is why AAPL is down and may go down a lot more.
Ok thanks. The article published by Fortune an hour ago and Aple's admission that the fine could be sunstantial makes it seem like they are worried about it.
fortune article published 2 hours ago. Aapl made this warning in a recent regulatory filing.
Nobody cares. Witht JVA going on a roadshow next month and finally taking an active role in trying to increase shareholder value, combined with a company selling at a 50% discount, prospects look pretty good.
A close above $5 could start a major rally. Here is why I say this. JVA has been in a downtrending channel since September 2014. Currently the top of the channel is exactly $5 and falling. Only once since September has JVA traded above the top of the channel and that was for a few minutes after an earnings explosion due to a sharp, inexplicable selloff.
TSLA, for comparisons sake, was in a very similar downtrending channel, also since September, before breaking out in April. TSLA is now up 30% in a month. That shows what CAN happen once the top channel resistance is broken.
A stock that has been stuck in the same pattern for 8 months, like JVA, can stage a major rally once that pattern is broken. If JVA closes above $5 and stays above $5, a major rally is not only possible but, based on the charts, likely. JVA has been hugging the top part of the channel now for over a month.
Meant to say "followed by a sharp, inexplicable selloff" instead of "due to". Big difference.
The reason is that on May 9th, the Greek PM wrote to it's lenders that it intended to default on it's 750 million euros loans and not make a payment. That is why bonds and treasuries went berserk early in the week. Had this actually happened, the market could have had an instant 10% correction and GOOGL et al would have tanked. However, later in the week, Greece had a change of heart and is now looking to pay it's debt on time.
Naturally, the contents of this letter was only learned recently, but of course the Big Boys knew way in advance this was going to happen. That is a likely scenario why someone bought GOOGL $530 puts, had Greece actually gone through with what they told their creditors, GOOGL surely would have been below $530 last week.
Wrong. AAPL spends most of the time consolidating and only makes a few moves a year. This is one of those moves. After January earnings, it took 2 weeks before AAPL stock started going up daily. Guess what? Earnings wrre 2 weeks ago. It is intentional.
AAPL will now move up 1% a day, every day, until it reaches wherever it's going....and then will spend a while consplidating.
i hate to say this because I will probably jinx it, but AAPL stock has gone up about $10 the next trading day after Memorial Day. 3 of the 4 years it held onto the $10 gain, one year it had a sharp intraday reversal.
Given that record, I would not be surprised to see a 2-3% move higher tomorrow.
JVA is now selling some of it's products in Walmart. I won't bother trying to post the link to the products because my message will be deleted but it is there.
JVA actually sells many different brand names but one that I saw at Walmart is S&W Gourmet Blend Kona Ground Coffee.
Relatively speaking, this should be an active month for updates and presentations. Earnings must be released by June 15th at which point we will get an update. Then word is JVA will have a road show after earnings to attract institutional and investor interest. That would likely be accompanied by an investor presentation. Information should start flowing within 2 weeks.
If they really wanted to sell the company, they could say they hired a firm to explore strategic alternatives which would instantly boost this ridiculously low stock price. People can short this stock without fear because no news is ever released. Now with a PR firm, hopefully that will all change starting later this month.
looks like someone is accumulating shares this morning. Big blocks on the bid, they are getting filled and new blocks show up. Perhaps it is JVA's version of Carl Icahn doing the buying.
Two days ago, there was about 15k shares traded near the closing bell. Today, 30k shares in the first 30 minutes of trading, that's about the entire days average. It's got somebody's attention.