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Perficient Inc. Message Board

rube_go1dberg 23 posts  |  Last Activity: Aug 5, 2015 9:54 PM Member since: Jul 7, 2006
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  • rube_go1dberg rube_go1dberg Aug 5, 2015 9:54 PM Flag

    Well, consider all the unsolicited information we're bombarded with. Nonstop anti-Apple rambles from Fortune, Forbes, Barrons, IBD, and many other sources I haven't heard of. You get what you pay for, and I wouldn't pay $.01 for any of this "information." The best thing I ever did was cancel my subscriptions to Barrons, Fortune, Forbes, and IBD back in the '90s. That's when I started making money in the markets, after I stopped reading the financial press. Now it pops up everywhere online without your wanting to see it. That shows how valuable it is. Nobody will pay for it, so they throw it out for free, like a crackpot on a soapbox.

  • Reply to

    Almost seems deliberate

    by teknowiz Aug 4, 2015 11:57 AM
    rube_go1dberg rube_go1dberg Aug 4, 2015 12:02 PM Flag

    I'm not the best stock market timer, but having been in the market for 40 years I know the psychology pretty well. I sold out all of my 2016 $100 leaps at around $125 during the brief rebound after earnings day. I rolled them over into 2017 $100 leaps from $122 to $114. The result is that I bought back cheaper AND got a free ride on extending the LEAPS out another year.

    That's what you gotta do if you're going to beat the market. Like I said, I'm a very mediocre market timer, but even I get it right some of the time.

  • rube_go1dberg rube_go1dberg Aug 2, 2015 11:40 AM Flag

    I don't think anybody's made money in this trading market, except maybe those few who shorted oil and commodities. This is what a trendless market looks like. Not much of a profit long or short. Trendless markets give way to trending markets, though, so keep sitting tight on your positions.

  • Reply to

    Puerto Rico May Tank...

    by coolstarsky Aug 2, 2015 9:28 AM
    rube_go1dberg rube_go1dberg Aug 2, 2015 11:37 AM Flag

    Yeah, right.

  • Reply to

    Forbes.......ever notice..

    by trycomsen35 Aug 2, 2015 11:28 AM
    rube_go1dberg rube_go1dberg Aug 2, 2015 11:35 AM Flag

    Forbes, Fortune, BusinessWeek, IBD, and Barrons are read by dummies who are too inept to form their own opinions about investing. Why would anybody with market expertise waste a single minute reading washed-up old-media financial rags? The only time I ever lost money in the markets was when I subscribed to those magazines. They are written by arrogant fools. I'll never forget Barron's saying over and over that he market was overvalued and bound for a fall when the DOW hit 3,000 in 1993. Fools!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

  • rube_go1dberg rube_go1dberg Aug 1, 2015 9:36 PM Flag

    Thanks for the heads up!

  • rube_go1dberg rube_go1dberg Aug 1, 2015 9:35 PM Flag

    CNBC should be watched only as a stock ticker with the volume off. Their commentators are quacks and will lose you money if you let their rants infiltrate your mind. These people are really dumb.

  • Reply to

    Amazing China armer Story on CNBC

    by balooga2_2000 Jul 28, 2015 9:31 PM
    rube_go1dberg rube_go1dberg Jul 28, 2015 10:22 PM Flag

    Aren't those guys over there supposed to commit hairy kairy when they lose their life savings? The most remarkable aspect of this story is that out of 1.2 billion people they can only come up with this one guy who lost his life savings. I'm sure lots of others got hurt, but if this guy was the worst, then the stock meltdown is containable.

  • Reply to

    Sorry-this falls on TC

    by stealthtradeinc Jul 22, 2015 12:56 AM
    rube_go1dberg rube_go1dberg Jul 24, 2015 12:32 AM Flag

    I think Cook would have been walking into a trap if he had done what you suggest. What if China falls off a cliff this quarter and Iphone sales get cut in half? That's a 1% probability, but what if it happens? Everybody would have called Cook a "liar" and class action suits would be flying. Who needs any of that. Wall Street is supposed to have the most sophisticated stock market analysts ever conceived. If they're not going to want to buy a stock that increases earnings 36%, then there's nothing that going to come out of the CEO's mouth to convince them.

    Apple is doing fine. It's up 25% since last October. If that's all it does between now and next October, it's done it's job. The market goes up 6% a year. Apple goes up 4x that amount. It's doing what it's supposed to.

    Also consider what is going to happen to Amazon or Netflix the next time they "disappoint." Wall Street will be just as quick to trash them as they are to hype them. Let Amazon or Netflix miss by a penny next quarter and watch the stock get cut in half. Apple has a different profile, so be content to let it be what it is.

  • Reply to

    Will AAPL beat be treated as Goog or nflx?

    by michalisrael157 Jul 17, 2015 12:45 PM
    rube_go1dberg rube_go1dberg Jul 17, 2015 12:57 PM Flag

    That's why Apple has to keep buying its stock back. Wall Street doesn't have the money or the brains to be in Apple, so Apple has to own itself.

  • rube_go1dberg rube_go1dberg Jul 17, 2015 12:53 PM Flag

    I've worked with a few razor-sharp analysts who studied companies in deep depth and uncovered looming events (usually bad ones) affecting a company's earnings way before the company announced them to the public. So, I am not knocking on all analysts. But most of them ARE stupid. They keep ranting about each Apple earnings report being a one-off that can never be repeated. They are completely wrong. Nothing is more continuous than sales of Iphones.

    The only thing non-continuous about it is that units sold and profits per unit will keep accelerating as Apple continues to innovate and upgrade the product line and plug more things like Apple Pay and Apple Music into it.

  • Reply to

    Iran Will Be A Great Market For Apple

    by balooga2_2000 Jul 15, 2015 11:30 PM
    rube_go1dberg rube_go1dberg Jul 16, 2015 1:00 AM Flag

    Are you sure about that? Don't most of them ride camels?

  • Reply to

    Neil Young complains about sound quality....

    by docproc1_2000 Jul 15, 2015 4:53 PM
    rube_go1dberg rube_go1dberg Jul 16, 2015 12:59 AM Flag

    You're exaggerating his musical legacy. He put out two decent songs, OLD MAN and HEART OF GOLD. That's all. He is a smart guy, though, not doubt at all about that.

  • Reply to

    Not looking good for Greece

    by joeshmoe1234z Jul 11, 2015 8:33 PM
    rube_go1dberg rube_go1dberg Jul 11, 2015 10:40 PM Flag

    The Germans need to send in some of those goose-stepping storm troopers to restore order like they did in '41.

  • Reply to

    Not looking good for Greece

    by joeshmoe1234z Jul 11, 2015 8:33 PM
    rube_go1dberg rube_go1dberg Jul 11, 2015 10:35 PM Flag

    If everybody owned Apple stock they'd be able to retire at age 45, like I did. Then the damn Germans and Greeks could stop fighting about whether to retire at 58 or 65.

  • Reply to

    UAL and WSJ and NYSE all Go Down

    by balooga2_2000 Jul 8, 2015 3:07 PM
    rube_go1dberg rube_go1dberg Jul 8, 2015 3:30 PM Flag

    I think it's more than coincidence too. Maybe something higher up on the Internet food chain stopped working and filtered its way down into high-volume corporate databases at UAL and the NYSE.

    It could be related to a cyber attack that hasn't been identified, or if it has been identified can't be made public.

  • rube_go1dberg rube_go1dberg Jul 6, 2015 10:40 PM Flag

    Samsung's weakness is related exclusively to the fact that they sell to brain-deficient people who have a minimal of disposable income from welfare checks and purse snatchings.

  • Reply to

    What a piece of garbage

    by michalisrael157 Jul 6, 2015 10:52 AM
    rube_go1dberg rube_go1dberg Jul 6, 2015 10:58 AM Flag

    The market is always difficult. If it was easy, everybody would be trading instead of doing day jobs. Making money in the market has to be at least as difficult as mastering any other high-pay profession like being a doctor, lawyer, airline pilot, and so on.

    The market isn't going to make it easy for you to make money on Apple either. There are always legions of naysayers, fools, and b.s. artists who seek press by attacking it. Wall Street operates on perverse principles. They tell the public to buy garbage stocks because they're cheap and to sell quality stocks because "they have no more room to run."

    Just remember that Wall Street never makes a dime on its own accounts. They only profit by fleecing investors with bad information. So, stick to your guns and trust your own judgment, then let time do its work of bringing the stock price to your target.

    Think about it this way: If Apple had run to $180 in October 2014 when Icahn said that was his target, we'd have spent the last seven months stuck at $180. So, it's just as well that we've been stuck in the $120's a while. We'll get to $180, so be glad that the opportunity to buy below it is still here.

  • rube_go1dberg rube_go1dberg Jul 3, 2015 1:53 PM Flag

    Thanks for your comments, Balooga. You've been hitting a lot of home runs lately!

    And you're right about how Steve Jobs would be reacting. He reminds me of that dog on the old "Dastardly and Muttley" cartoon frolic we used to watch when we were little kids. "Muttley" the dog was always playing pranks on people, like throwing a banana peel under their feet, then snickering when they fell down. I used to watch the cartoon just to watch that damn dog laugh. Steve Jobs had a lot of that mischievous instinct in him, but Tim Cook is all pro. He sticks to his knitting at Apple and lets the lesser players complete their own work of self-destruction.

  • Reply to

    Holding Apple

    by balooga2_2000 Jun 13, 2015 11:47 AM
    rube_go1dberg rube_go1dberg Jun 13, 2015 1:57 PM Flag

    Thanks, for the best post on this board in the last six months. It was short, to the point, and exactly correct in every word.

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