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Hey Improv
Topic Started: Jan 18 2011, 11:20 PM (147 Views)
jon-nyc
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Cheers
You holding your AAPL? Or did you bail?
In my defense, I was left unsupervised.
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Improviso
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HOLY CARP!!!
I held on. You've got to have nerves of steel to own Apple. I saw the overseas market drop 12 and thought it too late to sell.

Down almost 8 yesterday, but afterhours recovered 5 of that.

I think Apple did a really smart thing, announcing the news about Jobs on a closed day. Let everyone digest that news before hitting the sell button. What I'm worried about is how bad his medical condition really is this time. I can easily see it tank by 50% if he were to one day up and croak.

EDIT: I see it's up almost 6 before the open. Looks like the Jobs news was a non-event considering the earning report last night. What a rollercoaster ride. :popcorn:

DBL EDIT: Target raised to 425... I think I'll buy another *E* ticket and go around one more time. :D
Identifying narcissists isn't difficult. Just look for the person who is constantly fishing for compliments
and admiration while breaking down over even the slightest bit of criticism.

We have the freedom to choose our actions, but we do not get to choose our consequences.
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jon-nyc
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Cheers
For all its run up in the last 18 months, its only trading at 11 times forward earnings. THat's hardly bubble material.

The concern - even besides Jobs - is they are only just experiencing competition with the iPhone and iPad. So those 30% margins could come under some pressure.
In my defense, I was left unsupervised.
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Red Rice
HOLY CARP!!!
jon-nyc
Jan 19 2011, 06:06 AM
The concern - even besides Jobs - is they are only just experiencing competition with the iPhone and iPad. So those 30% margins could come under some pressure.
In the short term, iPhone sales will get a boost with the Verizon availability and the iPhone 5 this summer. CES didn't really show anyone an iPad killer, and the new iPad will be out soon. So Apple's earnings seem safe for awhile, even without Jobs.

So... I'm still on the roller-coaster with Improv. :hide:
Civilisation, I vaguely realized then - and subsequent observation has confirmed the view - could not progress that way. It must have a greater guiding principle to survive. To treat it as a carcase off which each man tears as much as he can for himself, is to stand convicted a brute, fit for nothing better than a jungle existence, which is a death-struggle, leading nowhither. I did not believe that was the human destiny, for Man individually was sane and reasonable, only collectively a fool.

I hope the gunner of that Hun two-seater shot him clean, bullet to heart, and that his plane, on fire, fell like a meteor through the sky he loved. Since he had to end, I hope he ended so. But, oh, the waste! The loss!

- Cecil Lewis
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jon-nyc
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Cheers
Thats true, I'd say any concern with Apple is really about what happens 2-3 years out.

Having said that, I think its a decent candidate for shorting, as I said here last month. I won't be doing that though.
In my defense, I was left unsupervised.
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Red Rice
HOLY CARP!!!
jon-nyc
Jan 19 2011, 09:04 AM
Thats true, I'd say any concern with Apple is really about what happens 2-3 years out.

Having said that, I think its a decent candidate for shorting, as I said here last month. I won't be doing that though.
Jobs's health is the big variable here. I should go light some candles for him or something.
Civilisation, I vaguely realized then - and subsequent observation has confirmed the view - could not progress that way. It must have a greater guiding principle to survive. To treat it as a carcase off which each man tears as much as he can for himself, is to stand convicted a brute, fit for nothing better than a jungle existence, which is a death-struggle, leading nowhither. I did not believe that was the human destiny, for Man individually was sane and reasonable, only collectively a fool.

I hope the gunner of that Hun two-seater shot him clean, bullet to heart, and that his plane, on fire, fell like a meteor through the sky he loved. Since he had to end, I hope he ended so. But, oh, the waste! The loss!

- Cecil Lewis
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Improviso
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HOLY CARP!!!
Red Rice
Jan 19 2011, 09:12 AM
jon-nyc
Jan 19 2011, 09:04 AM
Thats true, I'd say any concern with Apple is really about what happens 2-3 years out.

Having said that, I think its a decent candidate for shorting, as I said here last month. I won't be doing that though.
Jobs's health is the big variable here. I should go light some candles for him or something.
Yea... light a couple of them in my name.

I can't think of another company that is so closely identified by it's CEO. One of the mitigating factors this time was Tim Cook, the interim CEO, who also served as the interim CEO during Jobs' first medical leave and saw a 60% rise in the company stock the first time around. This probably had an easing effect on the price this time.

A killer earnings report the very next day didn't hurt either...
Identifying narcissists isn't difficult. Just look for the person who is constantly fishing for compliments
and admiration while breaking down over even the slightest bit of criticism.

We have the freedom to choose our actions, but we do not get to choose our consequences.
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Axtremus
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HOLY CARP!!!
Improviso
Jan 19 2011, 10:10 AM
Red Rice
Jan 19 2011, 09:12 AM
Jobs's health is the big variable here. I should go light some candles for him or something.
Yea... light a couple of them in my name.
...
A killer earnings report the very next day didn't hurt either...
Whao whao whao! Haven't you guys learn anything from Tucson? No life-ending metaphor, especially in the same post you talk about lighting candles for a guy in medical leave. :tsktsk:
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Improviso
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HOLY CARP!!!
Enjoy that killer walk in namby-pamby land,Ax... :whistle:

Metaphors had nothing to do with Tucson. As the evidence now supports.
Identifying narcissists isn't difficult. Just look for the person who is constantly fishing for compliments
and admiration while breaking down over even the slightest bit of criticism.

We have the freedom to choose our actions, but we do not get to choose our consequences.
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George K
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Finally
Improviso
Jan 19 2011, 11:28 AM
Metaphors had nothing to do with Tucson. As the evidence now supports.
Might want to watch your language there, I think Ax was right on target.

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(double offensive violence-inducing post here: note the military violent graphic as well as the not-too-subtle "Bullseye" reference)
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- Mik, 6/14/08


Nothing is as effective as homeopathy.

I'd rather listen to an hour of Abba than an hour of The Beatles.
- Klaus, 4/29/18
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