The market is selling off generally. Ackmann predicted the FTC would investigate then shut down HLF. Yesterday, the company announced an FTC investigation into their practices. Anyone with an education knows this is a scam. My is it still worth over $57 a share? Who's buying it, knowing it's going to zero?
I have the exact same call. I noticed the same movement. Ten times as many calls as puts were purchased on Google today. This is because the smart people know, tomorrow we rally. The market has a very short memory. Google will close above $1160 tomorrow, and your call will triple
Because there are 3,000,000,000 (that's three billion) shares, and someone decided to sell their 10,000,000. Wisely, I would add. $58 open tomorrow, $56 open Monday
Really seem to be stuck in a tight S&P Range today
178.26 to 178.99
As if they planned it
If we break out, I predict it'll be to the downside
The real problem with Apple as a trade, is there are just too many shares. Yesterday there were $893 million shares. Despite the buybacks, Apple also keeps issuing yet more shares as employee compensation. The market can't absorb all these shares, even for the most successful corporation in world history.
Contrast PCLN, it's just supply and demand. Many fewer shares. So it goes up while someone is always willing to sell Apple.
can explain this divergence?
New York Times’ Brian X. Chen thinks it is because of slight disappointment in North America in new iPhone sales figures. “Sales of the iPhone shrank slightly in North America, partly because Apple had trouble making enough new phones to keep up with consumer demand,” writes Chen.
Still, that’s a nice problem for Apple to have, as supply will eventually catch up with demand precipitated sales growth.
Wall Street’s DAISUKE WAKABAYASH thinks that the problem is a misguided strategy. “The results highlighted new dynamics and intensifying competition in the smartphone market,” writes Wakabayashi. “Apple continues to target the market for high-end phones, even as demand accelerates for lower-cost models, particularly in emerging markets.”
There is a good reason for the company’s strategy. “Apple is resisting the urge to release a truly low-cost phone that could crimp profitability,” he writes. And undermine the company’s brand, we should add.
Simply put, Apple is facing the conventional “innovator’s dilemma,” as explained by M. C. Christensen. “Successful companies want their resources to be focused on activities that address customers’ needs, that promise higher profits, that are technologically feasible, and that help them play in substantial markets,” he writes. “Yet, to expect the process that accomplishes these things also to be something like nurturing disruptive technologies—to focus resources on proposals that customers reject, that offer lower profit, that underperform existing technologies and can only be sold in insignificant markets—is akin to flapping one’s arms with wings strapped to them in an attempt to fly.”
One way Apple could overcome the ‘innovator’s dilemma would be to acquire a low-cost smartphone maker like Xiaomi, as discussed in a previous piece. Such an acquisition would allow Apple to enter the low-cost smartphone market in rural China and Southeast Asia without undermining its brand image– as the smartphone m
Apple AAPL -7.99%—the company—is heading north, as evidenced by its recent quarterly results.
The Company posted record quarterly revenue of $57.6 billion and quarterly net profit of $13.1 billion, or $14.50 per diluted share. These results compare to revenue of $54.5 billion and net profit of $13.1 billion, or $13.81 per diluted share, in the year-ago quarter. Gross margin was 37.9 percent compared to 38.6 percent in the year-ago quarter. International sales accounted for 63 percent of the quarter’s revenue.
The Company sold 51 million iPhones, an all-time quarterly record, compared to 47.8 million in the year-ago quarter. Apple also sold 26 million iPads during the quarter, also an all-time quarterly record, compared to 22.9 million in the year-ago quarter. The Company sold 4.8 million Macs, compared to 4.1 million in the year-ago quarter.
Yet Apple—the stock—is heading south, as evidenced by a sizable decline which followed the announcement of these results.
Last week, Cramer did predict Apple would fall, because of declining margins. I was watching, he said it
If you're saying you think 520 is this Friday's Max Pain, I agree. Apple will close at 520.00 on Friday.
Jon Najarian pointed out that someone bought 5000 of the Feb. $12.5 calls on AMCC. Expecting a huge post earnings bounce, in other words. Earnings have just been released, and I don't see anything interesting in them. Do you? What am I missing?
Did you hear the conference call? They were just being "prudent" about Guidance. Q1 2014 will be the last quarter EVER, with a loss. It's up from here!!!
"The Index offers exposure to a daily rolling long position in the first and second month VIX futures contracts and reflects the implied volatility of the S&P 500 at various points along the volatility forward curve." I might spike from time to time, but overtime it moves towards 0.00. That's why they have to do a reverse split, about every 6 months. The good news is you can buy puts anytime VXX spikes, and make money.
Intercept Pharma (Nasdaq: ICPT) is up Wednesday as it presents today at the 32nd Annual J.P. Morgan Healthcare Conference in San Francisco.
According to slides from Intercept's presentation, the companyis looking to filed for accelerated FDA approval of OCA for primary biliary cirrhosis (PBC) pending outcome of its current phase 3 trial.
Intercept shares are up 3.7 percent, off of sessions highs Wednesday.