Don't work yourself up in a lather, just iChill. It's going up, momentum is with the stock, but not that fast or high yet.
Please, Apple is up over 31 pts the last 2 1/2 trading days. It would not be good for it to sky rocket so fast. I agree the momentum is with the company now, especially with CM deal on horizon. But don't get too carried away.
Finnerman should know better. When Apple was so far out of favor, that was the time to be adding shares. Ichan was in and pushing Cook for larger buybacks, Christmas season approaching, CM deal up coming, new product cycles.....Come on, I would expect better from a pro.
The chart suggests Apple is in a breakout here. I would expect to see the stock trade near 580 prior to Dec. 17th. If we are disappointed with no China Mobile deal announcement then down she goes.
I agree a CEO should not be a cheerleader. That was not my intent. I know John Chambers and Meg Whitman have not been able to move the needle on their respective companies just by answering a few questions on CNBC. My comments about Tim Cook were made from a PR perspective. Apple has, like it or not, a image of being aloof, arrogant at times, and secretive. I just feel Tim Cook needs to step out there more and be the face of the company. I agree with your belief that Cook needs to walk softly and carry a big stick. I'm just saying that the stick has been broken this past year which should cause him to walk more with a heavier step.
Where does apple go from here. I think this recent 6% move is just the beginning. Everyone is talking China Mobile and expect an announcement Dec. 17-18 when the carrier announces a new mobile partner. The stock I believe is moving up on that expectation as well as the recent reports and reviews about the wonders of the new iPad Air and iPad mini with retina display. Reports are iPhone 5s supply constraints are easing which is good for apple. I personally believe a lot of that constraint can be attributed to an upcoming deal with China Mobile with apple trying to hold back in reserve a large quantity of phones so they will be available when the announcement is made. Several argue the CM deal is factored in to the stock price. I say hogwash. When that deal becomes official, the stock will pop. Apple has for over a year been out of favor with the wall street crowd. That being said that same crowd knows when it comes back in favor, it will be a strong move to the upside. They will not want to miss it.
I get the sense traders are looking for a turnaround if you will of apple sentiment in 2014. That sentiment is fueled by several factors. Obviously a deal with China Mobile, Mr. Ichan's pressure on Apple to do a larger buyback or increased dividend. There is also speculation of new product announcements which is long overdue. Things like the iWatch, iTV. I believe the next generation of iPhone will have a larger screen which is what a lot of people want.
As a long term investor in the stock I have been disappointed with the leadership of Tim Cook. I would like him to be more open and investor friendly. I like how Meg Whitman of HP and John Chambers of Cisco go on CNBC and talk about their earnings reports and prospects for the future. They keep investors informed which is a positive. Cook doesn't like publicity and is not good at public relations. I don't want a cheerleader type, just a CEO who keeps investors informed.
Sentiment: Strong Buy
I am long apple and feel it is a good value here, but the fact is apple is out of favor with wall street. For apple to rise we will need confirmation of one of the following: China Mobile deal (help us all if it doesn't happen next month), an announced larger buyback, dividend hike, new product announcement (larger iPhone), or Cook resignation. One of the above and stock will rise toward 600
Listen, everyone here needs to chill. QIHU beat earnings by .10 and beat handily in revenue. QIHU raised guidance for next quarter though not enough for one firm who put hold rating on it today. Morgan Stanley raised estimate today with PT of 95. Earnings were stellar, guidance was great, upgrade by MS, yet one 2nd rate firm put a hold rating on it. It was due to sell off on profit taking. We have been up huge on this stock this year. It won't hurt to give a few dollars back. It is healthy for the stock in the long run.
We know he speaks no truth.....With great earning out tonight I suspect he will be silent for a few days.
It aint happening. No CM deal till after new year.....
Cook is not a leader. No PR skills. He puts himself out there as not being shareholder friendly.