well I agree with some of your comments...the real reason apple is dropping is because it's out of favor...the market is loaded with stupid investors who only use emotion, not intelligence. But you can't fight the market. Even if Apple, going forward, reduces their sales to 65% of what it is now...it would still be an incredible money making machine. People talk as if smart phones are going to be gone next year or something.
you forget the most important thing...cash on hand equals to $65 per share based on 2016 cashflow! So, basically this stock costs $25.
An intelligent investor would be worried about this....maybe take some profits. At this point, MCD is worth 3x that of Apple on a relative basis...this makes sense to you? I made good money with Mcd myself but when I see comments like yours...this is when I know I did the right thing by selling.
Nice try....earnings over the past 4 quarters has been DECLINING....including next quarter...but you think the value of the stock should go up? wow. ignored.
P.S ...producers agreed to freeze production at their current rate is not a big deal....dummies getting excited over this...again...wow.
you have things confused....when Oil was down to $35...XOM should have been in the $50's...accept that as a gift when it somehow stayed at $82....even now with oil at $39 with NO fundamentals backing it (market HOPES that production will decline)....XOM at $84+ is simply stupid. XOM should be trading in the 60's based on fundamentals and not emotion.
it beat it's LOWERED estimates...nothing to be proud of. Year over year and quarter over quarter results are clearly showing negative growth and earnings.
um...maybe because of oil being only $35? The real question is why has XOM moved up from the 60's to $84! totally crazy up move on nothing but hope.
Even if this was true (which it is not, XOM themselves announced that they have STOPPED buying their own share...how is that for confidence!)...buying a share based on financial manipulation is simply foolish. People wouldn't pay $72 for this stock....but not willing to pay $84 because they THINK oil will go up sometime....sadly I believe this represents the average intelligence in the market today.
At least he explains his position....explain yours, why do you think Oil is bullish? huge demand, growing economies, lack of supply? Because none of these examples are happening today.
well, the price of oil is still WAY down from previous years....no idea why all the recent hype in the stock (up to $84!!) when over supply still exists, Iraq and Iran on line with increasing production and Saudi has cut at all...simply don't understand XOM investors....even if not a loss...why push up the price of the stock? Simply foolish.
what are you talking about....supply is far exceeding demand and it has been like that for over a year. Record high inventory levels....very stupid to be paying oil companies on the recent false bump up in prices...total speculation.