I say lets make it 10! I went back a couple years and cannot see a bigger losing streak than what we are seeing now. I wonder when the last time (if ever) Apple has been down 20 straight??
All depends on investor expectations. Somewhere between zero and the full value of the distribution. :-)
Nobody knows the future. Just saying, an ideal breakout is to shake out some longs on the ultimate move higher by testing the breakout level (about $25 bucks lower on the spot) and then run higher. Let's see.....
Would like to see a "touch and go" of the breakout. A little shake and then the move higher....
Apple buybacks to resume on Friday, gobbling up stock priced near the lowest of 2016
By: Daniel Eran Dilger
Thursday, April 28, 2016 6:54 PM
Apple's share repurchase program will exit a mandated quiet period on Friday—two days after the company reported earnings—enabling the company to resume buying back shares. Coincidentally, the company's shares were conveniently pushed down toward their lowest price of 2016 today.
Just as they announce a debt offering. Better to buy back at $95 than 100+. Still, this stock is only going to work longer term if they can stop the bleeding and actually turn out something really innovative.
Lol, Japan not offering more stimulus going to crash are market. You're a hoot. In a weird way this is a nice shot in the arm for Apple as the yen exploded almost 2%. That is actually real money for Apple considering the large rev Japan provides.
Clearly that was correct as I can buy them back much lower. But I sold some after the report. That I believe will turn out not so right. Anyone feel the same way?
I believe there is a 2 day black out in buybacks after earnings. Wait till Thursday.....
On the bright side they will do their $100 million in sales this year. Last two Qs were $49 million. But their earnings are suffering as they are starting to spend like drunken sailers with the focus on the years to come. Tug of war going on. Pretty wild to see their revs finally headed to $100 mill with the share price going the other way, a 2 handle! Lol. Welcome to Wall Street!