Got greedy with puts. Should have done a straight short trade and waited for the fall. Didn't make that mistake with Amazon. Should be $200 in a year.
Make it cool
One can only hope.
If you took iTunes alone as a stand alone company you see 800 mil customers with a 12 mo trailing rev of over 10 billion. Netflix has 44 mil paying customers paying 7.99 a month whereas each iTunes customer spends and average 1.15 a month. When aapl decides to monetize this cutover base and report it out as a separate entity heads will turn.
It's not in the cards for dems to do anything against corporations but is certainly in their best interest to lower the corporate taxes and get the money back in the US. Pfizer going after Astra Zeneca to save billions in taxes is just the tip of the iceberg corporations will do if they keep up this insane structure.
Obviously apple is not a saints but Samsung takes stealing to a whole new level of undermining innovation in favor of copying. Apple just needs to keep on innovating knowing that they will always just copy their products and the system will reward them for doing so.
As for the media they have been attacking apple for years. The Times has been on a mission to discredit them only recently heading that if Steve Jobs were alive he'd be in jail. Luckily Tim Cook is the right man at the right time to ignore it all and move foreword with the plan.
I also have a plan to extricate half of my aapl shares in the next few years because I know all good things must come to an end. I might just put it all in Berkshire and allow them to be custodians of my fortune until I kick the bucket.
What should have been a really weak qtr after their best holiday qtr in history showed how very strong aapl really is headed into a new product cycle after four years of incremental improvements of current products. This can be describe in one word,China and that has just begun.There has never been a better time in the past 5 years to get on the aapl bandwagon.
They have assembled a dream team of health and fitness techies while snatching the queen of retail from Burberry to head their store refresh. In the next few years we will all be able to track our vital signs with ease and utility while doing so with the most fashionable devices made by aapl.
I am vicariously living in a great era of innovation making money and being so proud to be an American with this great American company. Their push for the environment, gay rights, renewable energy and raising the wages of the Chinese is just so much icing on the cake.
He quotes year over year numbers but omits aapl's best holiday qtr followed by its best non holiday qtr.in succession
That is growth and it is clear and both were without new products.
The list goes on and on
The list of who's who is daunting as apple prepares to disrupt health and fitness with wearables.
Let's see if you own up to your being horribly wrong in 8 months. My guess is a resounding no. In fact 600 will just be the beginning of the run. Mark these words.
They flooded the channel with phones. Now there's a made up lie once again. You said revenue would be down it was up. You said profit margins would be down they were up. You said earnings would be $10 they beat by a mile. Now you're calling it a sugar high with gimmicks making it go up.
I guess a company with increasing revenue and earnings with an ungodly am't of cash buying back stock increasing their dividend and splitting 7 for 1 is a bad stock especially on the verge of introducing new game changing products.
Just admit you got in over your head and can't swim in the big pool.
All you need say are three words, "I was wrong". All the rest is excuses, rationalizations and denials. You lost now take it like a man. I thought aapl was a bad stock now you're arguing it's a bad company. Anything but the truth from you as usual,lol. AAPL 600 not 360.
Most egregious was his contention that my statement that margin share doesn't matter to aapl was laughable and showed my total lack of understanding of business. The truth is aapl garners 85% of the smartphone market profits which proves market share is bunk.
Then he went on a 6 month mantra that profit margins for aapl were shrinking and were going down. AAPl just reported profit margins rising above 39% proving him wrong yet again.
Then he completely showed a lack of understanding about aapl's pricing power in continually getting a premium price for their premium product. A recent survey showed aapl is the most respected company in emerging markets and their products the most coveted. When China Mobile began the first fully functional offer of 4G which allows aapl's iPhone to operate at its full functionality aapl sold 80% of the first 2 million and that rollout is on schedule to go from a handful of cities in China to well over 100.
He disregards aapl's buying of their own shares when it will only serve aapl shareholders to lower the PE, raise the profits and prove to be the best place for aapl to invest their cash when the new product cycle goes full steam ahead in the second half of the year.
The most glaring bit of misinformation is when he quotes me as losing money because aapl was once 700 and has since corrected to the high 300's when I bought not a single share anywhere near that price. The truth is I bought more aapl shares in the high 300's, low 400's and recently in the low 500's effectively having more shares then ever in preparation for the run happening to new highs.
He has always made sure he adds an out when aapl conclusively proves him so wrong that his prediction of 360 in 2014 proves him to be totally inept in his understanding of aapl's business model. He says "unless something changes" as iff a company with a cash hoard the envy of most countries and a team of innovators led by Jony Ive that is unmatched can somehow remain stagnant.