Even an idiot is gets lucky once and a while....stock double in only a year....it has a PE of 162....and you think this is a great time to buy into the stock?
Right...people bashing at $128 but last 2 days for no apparent reason....NOW the stock is worth over $133??? Strange people out there....
I still own several hundred shares so not is all lost (holding since 2011!). I'm still convinced in the Apple story...but going to hold off for a better enter point. I am worried about the next earnings because of the watch...earnings will be great but if watch unit sales are a little low expecting an emotional sell off.
Had calls prior to recent earnings....numbers were great..Apple falls...sell my calls, going into this week was going to buy more assumed weekly options would get crushed....Apple goes up....wow I was played like a fiddle!
I'm scared though about the watch. Here is why...Apple will report awesome earnings again...but the watch sales will be a little light...thereby destroying BILLIONS in Market cap. The Iwatch, even with the highest sales estimates, will not move the needle on this $200 BILLION dollar revenue machine. Tim could add more to the bottom line by finding savings though suppliers and long term purchases and forget the iwatch totally. On a selfish note, I hope this share tanks to $80 and I would load up big time. Listen, they still see IPODS for goodness sake! The iphone will be around a looooooooooooooong time.
I've completely given up all hope for the market...emotions and stupidity run the show in the short term anyway. Look at last earnings...blows away estimates...stock...goes down. Eventually it goes up when intelligence catches up to the reality. Why does Neftlix, Amazon and Tesla explode...why would anyone employ their precious investment dollars to any of these companies over Apple? I buy shares and long calls.
??? so I guess the BILLIONS that Apple made above expectations didn't matter to you? Now that this old man sent out a letter...NOW you feel good about Apple's prospects? lol...omg
lol..see my post about intelligence investors...you care more what an old man says then Apple's actual results?
Apple releases earnings...as in actual results...making BILLIONS more then expected and the stock goes down....some old man that owns shares writes a letter (self serving) and the stock goes UP?
Obviously the current market activity supports my theory. I've been studying the co-relation between options and stock movement. There is a certain "stickiness" with option pricing. When a stock opens down, option pricing follows but I noticed that generally if the stock increases in value, there is not a corresponding price increase in the options. Just an observation.
Great point. Personally my investment style is this...every investment dollar I have is precious and I deploy my capital to where it is best...currently I can't find a better opportunity than Apple...based on it's fundementals, brand, expected forward sales, div, etc. Personally I couldn't careless if Apple made phones or socks...I'm not in love with the company. If Nike could replicate Apple...I would invest in Nike.
In the end it is a timing game, eventually intelligence will out run short term stupidity or emotion. The trick is to hang on long enough. Long term, investing is a simple math game and right now Apple is clearly the best place to invest on a relative basis. Pick another investment that has a better potential then Apple. I would love to hear the suggestions.