What we need is a couple hundred screwed, routy shareholders to attend. That'd be interesting viewing .....
If Oppenheimer's leadership is so spot-on, why didn't he spearhead a drive to buy back shares at 390? As opposed to these greatly inflated prices now? Apple is spending billions buying back company stock because they have no other options available to truly drive the stock ..... like GROWTH and INNOVATION.
It's not a matter of loving Google vs Apple. People who've loved Google stock over the past year have done VERY well by it. As opposed to "loving" Apple stock. Good traders have faired well trading the stock and selling options. But it's definitely a rotten stock to invest in. I don't see anything on the horizon to change that.
" Despite the obvious fall to $510, there is a much larger pattern in play that takes AAPL well above $600. It's something I've watched develop for months and the pattern is still nearly textbook. "
what "pattern" is that? The one where the hedgers sell all these options contracts and pocket the premiums, then drive their market value down so they expire worthless? Is THAT the "pattern" you're referring to?
Apple indeed IS dead in the water. They NEED new leadership. The market has lost confidence in Cook's ability to lead them into the new era of growth. That fat-cat group of old codgers (BOD) should be on the lookout for a new CEO who will re-energize the company's image, but instead, they just all sit around and stroke each other, while they all are running their own enterprises. Meanwhile, Apple stock just gets batted around like a ping-pong ball, back & forth between the day trader hedgers.
Your assertion is correct. However, this payments model will take a while to grow into a strong rev generator. Meanwhile, the stock will continue to languish in a low trading range, because payments processing isn't "sexy". The market is lumping Apple's stock in the same arena as the high-fliers, and Apple comes up short in the "excitement" category. Further, the market is losing more & more confidence in Cook and co. He isn't seen as an "innovator" who can lead Apple into its next era of growth. Apple really needs new leadership, If the BOD wasn't the useless fat-cat group of old codgers that it is, then they'd get their sheet together and be on the look-out for a new CEO, and let Cook step into the background again where he was before, in Operations.
" Samsung's S5 a "Big Disappointment"
Who gives a sheet ..... Samsung still owns twice the market share as Apple. Apple's share is dropping, while Samsung's is growing. That is the fact that should concern any Apple investor.
Tim Cook is NOT a "visionary". Unfortunately for Apple, their reality was built on vision, which does not (apparently) exist now. And don't quote Jony Ive either ...... he's not an executive charged with making executive decisions.
Apple truly has evolved into a "cash machine". Holders of the stock will collect their quarterly div and let it ride. That's the long and the short of it.
The company's doing fine, along with the fat cat BOD.
The stock, however, is languishing because institutions have no confidence in these fat cats.
Apple stock is manipulation fodder because no new money is coming into it to change the game plan of the hedgers. You folks who continue to cry "manipulation" should understand what you're seeing, after almost two years now.
Tesla needs Apple like a hole in the head. Tesla's flying because it's one of THE major innovators of this decade. Tesla could just as easily install any other wireless service in their cars and be none the worse for it.
Yup. New money is not coming into the stock for this reason, as well as the general malaise surrounding smart phones. Apple basically has nothing to attract money into the stock. Q2 earnings will be down from Q1, as well, and investors already know this.
The result: the market is fairly valuing Apple stock in the 450-550 range. 390/share was undervalued, and the market has since corrected this. 550 and above is overvalued, which leaves where the stock is now.
Icahn's "no brainer" has become a "brain freeze".
" garbage stocks " .... that have been earning BILLIONS for traders & investors. As opposed to, what, this high quality Apple stock .... ?
buddy, you're on the WRONG side of that fence.