Did yo rever think that if the Chinese crash the U$D, their exports will get much more expensive? Yeah, you did not think about that, did you. The Cinese have no interest in charting the US dollar as long as they have an export economy, as their current devaluation shows....
This is genius - Apple has found the fatal weakness in Google's business model where Android can't just copy iOS because they'd be cutting their own throat. I can't wait for iOS 9....!
A=L+E. Stockholder's equity does not do stockholders any good when it is locked up in cash - by paying a dividend and reducing the float, REAL money is being returned to stockholders.
Can you imagine a p/e of 26 on double the earnings and a shrinking float...?!? Can you hear me now!
Therefore never play puts or calls or bet on short term moves regardless of any information you may have
I have wrestled with that for many years and have found a way to still profit form that. Like many others, I have been unable to consistenly predict where AAPL WIIL be at a given point in time, but I've had more success predicting where it will NOT be. So I buy/write reverse condors around significant events (ER, product announcement, etc) and benefit from a significant move in either direction, with a small price band in the middle where I lose. Limits profit potential, but it is also not a binary event. And I hold on to my core position and add when I think Apple has reached a near-term bottom, like recently...
You don't understand human psychology and emotional buying. Why do people buy Mercedes, Bentley or Ferrari, when many cars can do 95% of what they do for 1/2 of the money? For the exact same reason, local Chinese brands will never equal Apple's appeal as a luxury brand and status symbol.