I respect Buffett but even he says himself that not all his picks will be winners. His purchase of IBM in 2011 is down $2.6 BILLION and he's bought more of it. Remember he has a huge diversified portfolio. If people want to follow him then they should also mirror his whole portfolio to decrease the risks to purchase more IBM and add APPL.
Buffett is one of the greatest investors/fund managers. He's self admitted not a tech investor. He lost $2Billion in buying IBM shares. I won't dispute Apple as long term investment, not yet, but certainly no hurry to jump in right now. Apple neesd next big blockbuster as the 4 years into the Apple Watch was not a hit and no one needs to upgrade to a new iphone.
"Warren Buffett says he's lost $2 billion on IBM"
by David Goldman @DavidGoldmanCNN November 9, 2015: 8:16 AM ET
Buffett celebrates 50 years of Berkshire
Warren Buffett's humongous IBM bet is looking worse by the day.
On Friday, Buffett's Berkshire Hathaway announced that it has lost $2 billion on its IBM investment. That's 15% of the more than $13 billion worth of IBM's stock that Berkshire has purchased over the past four-plus years.
Hedge funds like AlphaOne Capital have shorted Apple. And they were right. Icahn sold all of his Apple. Two consecutive weak quarters and too much uncertainty of future direction. And as a growth stock much of Apple's stock price gains that are built in for Big numbers will have to be adjusted lower.
This earnings miss is a tell tale sign. The bigger issue is moving forward and DIS gets 40-percent from their Cable and Cable is losing market share at a high rate. DIS needs to address this with some new BIG ideas...much like what Apple is facing, they too need new BIG ideas. DIS stock price will adjust to the earnings miss and to future uncertainty with Cable.,jmo.
Unless traders are positioning apple for a downside trade, I believe the action is going to be over at Facebook as its attracting some upside momentum from recent consolidation. jmo.
Now he's suppose t head o china to fix things. After the poor showing Tim Cook at the conference call and then showing up at cramer's show soon after to try to fix it, can apple send someone else to china instead of him. He might make things worse. jmo.
Or vie versa. CNBC guest shouldn't even joke about Musk running Apple, not that Tim Cook is doing a great job either, but not too many people can replace Steve Jobs. Tim Cook made himself look desperate by showing up in cramer's show. Especially so soon after giving an earnings conference call....that he supposed to have screwed up so he's going to fix it on craners' show. No CEO does that, let alone an Apple CEO. If anything, it made him look like he's back peddling and a little desperate, and resulting losing some credibility.
Let's not think about Musk and lets not think about tApple hrowing good money into any auto business even of their own creation. They can't even get the little Apple watch to stick. Apple should stick to an area where they excel and innovate from there. That's going to take time to come up with another blockbuster and the uncertainty and lower iphone sales should drive the stock price down to reflect the circumstances.
Yes Apple is making a lot of dough, the fact is there's a lot of future revenue growth built into the stock so if they don't increase their revenue, the stock will drop accordingly.
It wasn't a good showing that Tim Cook showed up at Cramer's madmoney. It makes him look like he's back peddling and at show like madmoney reduces his credibility. And he just had a conference which he didn't feel he didn't explain everything that he has to show up at carmers's. CEO of "SOCIAL" says Tim Cook was "Lackluster".
Icahn was right to pull his money out, but he sure upset a hole lot of investors. Iphone sales have weaken in china due to new local competition and no one really needs to upgrade the great iphone here anymore.
This is clearly a just a traders flip. Even at 92's it's only goes back to recent Feb and March level. With 2 consecutive quarters of slowing and missing numbers, trading levels should be lower.
When tim cook of apple feels a need to go on the cramer pump show is actually not reassuring. Since when apple needs to pump their own company on that show. They are not going to convince the big funds that way. Traders are just flipping the stock right now. imo.
Apple's fundamentals are the problem. Last quarter was weak and this quarter they totally missed estimates. . No one upgrading iphones ( no need ). They need another product wonder like the iphone but the Apple Watch turned out weak. Even Icahn dump all shares.
DayTraders playing the volatility. Not real buying. If the overall market is taking it down it's different story but AAPL's fundamentals are in question since they missed on earnings.
and add that ICAHN dumped it all at the same time and this is not a market environment to be a growth stock, tech stock that disappoints on earnings release.
and their iwatch is not taking traction. Please don't throw good money into a car business. AAPL missed earnings estimates and even Icahn dumped it all. Investors are in AAPL as a growth stock and APPL and when the growth shows signs of slowing, the growth investors will seek growth elsewhere. Big money are not stuck on the name, they want to see the numbers, the growth and evidence of further growth, but AAPLY fell below earnings esitmates and even last quarter was showing signs of weakness.
There's only 3 growth names that I like, FB, GOOGL, AAPL. Since GOOGL and AAPL missed earnings estimates. FB is the only one that beat estimates ad in a big way. Now I only like FB, the only one showing serious growth.
Way Overbought. Way over valued. No room for any bad news let alone a RECALL announcement. Stock driven up from 140's just in Feb. That's over 100 points propped up. Stock in nose bleed territory. This stock has plenty of room to FAIL and FALL. Its at the top of the trading range. A perfect time to sell. Dreamers hanging on here have much to lose.