Open interest on weekly SPX calls is large and the overall market keeps trying to move up today. However, from following the tape, it's fairly clear that a few Wall Street firms - most likely the writers of weekly SPX calls that have an AM settlement this Friday, are attempting to manipulate the SPX and SPY down . . . each attempt by an option writer to sell the market to undermine the value of options they've written (sold) is a felony under U.S. law. You'd think by now - the practice has gotten to the point where it's pervasive - that the SEC and DOJ would be all other this form of institutionalized fraud . . .
AAPL's tax strategy for its international subsidiaries is a very common strategy used by many, many companies.
In many tax-friendly countries, Ireland included, a company may be formed under the country's corporation or company laws and, if the company does not engage in commercial business in the country of its formation, it is not subject to tax in that country. Often, the corporation laws in these countries refer to this type of company as an "international business corporation". If such a corporation or company then engages in international business but does not have U.S. sourced income (i.e. it does not conduct business in the U.S.), it will not be subject to U.S. corporate taxation either.
There are hundreds, perhaps thousands, of companies that are organized this way. Indeed, some major U.S. companies will form subsidiaries in other tax friendly countries, such as Ireland, if the subsidiary engages in international business but does not receive U.S. sourced income. In most cases, that means that the international subsidiary may receive dividends from its subsidiaries (which are usually operating subsidiaries in specific countries) and can receive other income from its international commercial activities without paying U.S. taxes and without paying corporate taxes in the country in which it was formed.
The U.S. Senate doesn't like it and it has been trying to find ways to head off this international tax strategy for years. In the oil service and oil drilling sector, pressure and game playing by the U.S. Senate has caused several U.S. companies to simply shut down their U.S. presence and move their international HQ to Switzerland, LIchetenstein, Panama, several former UK commonwealth islands, Ireland, or certain Caribbean and South American countries. The U.S. government - in its quest for greed and taxation to feed a fiat Congress, just doesn't get it . . .
AAPL developed the concept . . . more likely S. Jobs . . . over 20 years ago and produced a masterpiece of a video to make the demonstration . . . but the boys've never quite gotten there . . . and if they don't do it, I suspect that nobody else will since true innovation is rare and doesn't exist anywhere else today . . .
If you haven't seen the video, Google the search term or something like "Apple Navigator video" and check it out . . . I'm still waiting to buy it, although I want the iPad iBook to be substantially smaller, with the mic downsized to a small "implantable" chip that doubles as a receiver, and with an alternate "virtual" wearable eye-screen for true no-hands mobile communications . . . and I need to be able to generate, narrate and stream instantly (well, at only the speed of light) to an iTV in my living room in Southern California . . . or even better to ESPN's production studios for instant worldwide viewing (forget the small time "social" networks like Facebook and Twitter where only ADD teenagers will see the action) . . . a live video of Bigfoot chasing (and almost catching) me while fleeing on horseback in the Canadian Rockies . . . and I need it now . . .
on the day of its big shareholders' meeting. Steve Jobs would've pulled 2 or three trix outa his bag for this one and would've easily pushed the stock price to 480 . . .
Jobs has to be turning over in his grave . . .
Whoa brother, calm down a little there . . . don't know aiwal1 from Adam, but he and Carter Worth are right . . . the American markets rarely get it right in the "value" they place on a stock . . . only in a "perfect" market where everyone has "perfect" information would theoretically the market price on any given day coincide with the real value of the stock. With the stupidity factor among world investors and the "imperfect" information that constantly swirles from some, but not for most, the market price for Apple set in the U.S. markets is rarely "accurate".
By my information, AAPL is currently undervalued by about $200/share . . . when the stupidity factor is gradually reduced for world investors (including the manip crowd on WS), the stock will recover fairly rapidly . . .
Me thinkx you ought to do a little research and then approach aiwal1 "hat in hand" and offer him or her the big "A" . . .
of 550 and 590 by the time it announces it's fiscal Q1 earnings. Likely that earnings will be blockbuster, contrary to the negative sentiment of the Wall Street mediocrity (the smart ones have already slowly started to accumulate long positions for the next move up to 750-800).
Be selective, find a good entry spot under 520 and either start building long equity positions slowly over the next few weeks or start watching the Feb 2013 calls closely and grab a good call entry. Slowly the artificial "volatility premium" built in by the option writers is leveling out. Feb 530 calls look awfully tempting at this point, but you may actually get a better entry price later in the week. At 26-27 contract, easy double by January 25 or so just before earnings.
Not sure if I've ever seen it this blatant by the writers of the weekly options. Hard to believe the "authorities" would stand by and let it happen . . .and a week before a Presidential election . . . LOL.
having advance information of the Starbux announcement, some of the crooks on Wall Street planned the take-down of GMCR in advance. The plan is clear from the puts taken on GMCR, which means they'll hold the stock down at least through today.
The Starbux announcement won't mean beans to GMCR. This is typical of the Banana Republic plays that go on, unfortunately, all the time . . .
Translates into a good buying opportunity, but the timing will need to follow the lead of the crooks holding the PPS down.
LOL. Everybody knows that Samsung ripped off the design, presentation and multi-touch functions from AAPL's products. All you have to do is take a gander at the second rate Samsung phones . . .
Every time Samsung files one of its frivolous patent claims or suits, it's committing perjury and fraud on the court. However, the world knows that European courts are the weakest and will not sanction organized fraud from foreigners . . . U.S. courts are almost as bad, but at least they're fairly well educated . . .
In two years, Samsung will be history . . . if not from judicial sanctions and judgments then from their buddies up North . . .
seems to be only newbs cheerleading with ridiculous personal opinions or prophesying death and destruction (as though the market worldwide will listen to their every, feeble-minded gush). They just don't seem to be able to articulate reasons or citations to authority to support their wide-mouthed claims, whether they be bulls or bears . . .
No wonder all the real traders have left this board . . .
The two gaps to which you refer (378 and 373) most likely will never be filled.
Under sound principles of technical analysis, there are different types of "gaps" created by accelerated movements in a stock's PPS. Gaps created by intermediate to long terms bottoms in bullish waves (or the inverse for stocks that are shrinking in value) usually are never filled.
AAPL is a good point of illustration. If you go back 5 years and examine each of AAPL's PPS bottoms immediately proceeding intermediate to long terms bullish trends in the stock, the gaps created by the initial "launches" are almost never filled.
With the current extreme undervaluation of AAPL's PPS, waiting for the 378 and 373 gaps to be filled will likely take you out of AAPL's current move upward (at least until the S&P crashes, which is 50-50 over the next 6 months).
You may fare better is you wait 45-60 days and short the stock (short term) as it nears 450.
CNBC is doing nothing right now. Remember, those guys are not real journalists and right now they're at home reading the comic section of the local NJ newspaper and "puddering" around in their houseshoes.
They'll come in to the NJ CNBC HQ Monday morning and will print out a few Reuters and Bloomberg articles, report them on the air as their own, and the 2-3 panel dufuses will go on televisions and "talk about" stuff . . . All the while, they'll have a list of stocks (given to them by their producers) that they'll try to bash when give then chance (check out the CNBC history of being fed garbage by Cramer and certain "funds" that he has a connection with).
If the market skies tomorrow because of the records set on Black Friday (and likely to be beaten even more by Cyber Monday), the good CNBC folks will continually express bewilderment throughout the day . . .
A good example of "worthlessless" in our so-called financial society . . .
Dig down a little deeper and you'll see the "management" decisions the FMR LLC managers made with respect to its "Institutional Portfolio".
They moved essentially out of AAPL and are now diversifying into other techs -- the two that immediately jumps out are acquired long positions in MSFT and Cisco (no growth there).
In addition, you'll notice that FMR just acquired half a billion shares of GE, not a growth company and thought by many to be an over-bloated dinosaur . . .
All in all, FMR appears to be hunkering down for the worst, with what appears to be a lot of "fear" in their outlook.
Whoever expressed the notion that FMR is "smart" might want to look at FMR's history. They're considered way off the cutting edge in smart investing and trading. Appears they backed away from AAPL just at the time the really sharp hedge funds on Wall Street are buying (Einhorn's Green Capital is only one example).
I'd treat FMR LLC as a real good contrarian indicator. Anything those idiots do I would do the opposite. In the case of AAPL, I'd be with Einhorn and the really sharp hedge funds and institutions on Wall Street and I'd be buying everything that FMR's hapless managers are selling in AAPL stock at the existing market price.
Remember that CNBC only has a viewing audience during market hours of about 144,000 at best. If you're one of them, you're probably way behind the 8-ball (like them) . . .
Vast majority of world financial firms and traders now keep Bloomberg on the screen in the trading room . . .
There are no 2S problems, except perhaps in the feeble minds of a few idiots (whispered to them by a few short hedge funds).
My two 4S' work fine, long battery life, great photos, interesting SIRI PA that seems to get smarter by the day.
World is full of people that either can see tomorrow or they can't. Those that can't consistently are left behind by AAPL and each consolidation and subsequent move upward. Amazing how history continues to repeat itself . . .
The problem is that Lee generally is just stupid. She makes a lot of gaffes and, if you watch her closely, continuously attempts to cover up her lack of any kind of financial expertise . . .
She'll never make it in financial journalism . . . or whatever it is that you call the CNBC folks.
Another (incompetent) product of affirmative action.
The so-called note or article, ostensibly published by or in Digitimes in Taiwan, and written in Chinese, was most likely a fake or at least slanted in a way so that the English translation, confusing and as poorly translated as it was, would hoodwink U.S. investors into thinking "something bad" was happening in AAPL's supply chain.
Certain hedge funds, as we all know - whether they be U.S. trading firms or Chinese trading firms, or someone else, are not above fabricating, or causing to be fabricated, articles like the rather "ambiguous" Digitimes article.
Despite the "suspect" nature of the article, you are correct that it states that, at worst, AAPL will likely sell 30 million iPhones in this Quarter (AAPL's Q1 fiscal quarter).
If that happens, AAPL's earnings likely will be around $10.50 to $11.00, producing annual trailing earnings of greater than $32/sh. This will easily support a price north of $450 (if you assume a relatively conservative PE ratio of 14.
you can see that it appears that 2 or 3 trading firms or hedge funds (we have an idea of who they are) are attempting to sit on the bid and push the PPS down as far as they can. They took advantage (and probably coordinated) the so-called reports released in the financial media during the past few days as to "concerns" with AAPL's supply logistics and then, as you could have predicted, the concern about the AMZN Kindle Fire (which is like comparing a beeper to a cell phone).
The hedge fund shorts will continue to large investors step in on the long side - and when suddenly, mysteriously, positive reports concerning the records AAPL will break this quarter with the shipments and sales of iPhones and iPads. When this occurs, suddenly the hedgie shorts will go long (after accumulating April 2012 calls) and, presto, AAPL will be up 20 points within a day or so.
This is a practice that certain hedge funds have conducted with AAPL at various times before over the past 5-8 years. It's clearly illegal stock price manipulation -- particularly if "coordinated" among themselves and by feeding their financial media "contacts" negative stories to publish about AAPL. The positive thing about the hedgie manipulation is that it provides great buying opportunities if you have cash and time it correctly. manoisheddeovesjanoseea