AAPL Intraday Updates (Archive)

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    Posted: 01 July 2009 12:54 PM #46

    macross - 01 July 2009 08:37 AM
    Eric Landstrom - 29 June 2009 04:40 PM

    Apple has announced that people need to make space for Jobs’ SL600 near the front door in the next few days.

    Stock now building in Jobs’ parousia.

    He actually drives a silver SL55 for reference and, despite rumors to the contrary, doesn’t park it in handicap spots.

    Then he should trade up.

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
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    Posted: 01 July 2009 12:55 PM #47

    Plato - 01 July 2009 03:40 PM

    Strange market in general today - ADP numbers worse than expected, ISM index worse than expected - and the market is up 100 points. Let’s celebrate the recession and ignore the reality! Long live the bubble!

    And California is broke so Arnie is paying for things with IOUs.

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    Throughout all my years of investing I’ve found that the big money was never made in the buying or the selling. The big money was made in the waiting. ? Jesse Livermore

         
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    Posted: 01 July 2009 01:13 PM #48

    Meanwhile the squeeze continues over at BAC and the street is preparing for a squeeze in C beginning around the 17th.

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    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
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    Posted: 01 July 2009 03:03 PM #49

    Hello all. Beside watching paint dry on this very exciting day, I found this piece on how the markets really work and tought it might be of interest:

    http://www.youtube.com/watch?v=SwRFoxgEcHc&feature=channel_page

    :-D

         
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    Posted: 01 July 2009 04:10 PM #50

    pasdeniaisage - 01 July 2009 06:03 PM

    Hello all. Beside watching paint dry on this very exciting day, I found this piece on how the markets really work and tought it might be of interest:

    http://www.youtube.com/watch?v=SwRFoxgEcHc&feature=channel_page

    :-D

    “The unemployed dodgy investment fund” Heh!

    Signature

    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
  • Posted: 02 July 2009 09:58 AM #51

    Jobs numbers bad. Market no like.

         
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    Posted: 02 July 2009 10:11 AM #52

    Eric Landstrom - 01 July 2009 04:13 PM

    Meanwhile the squeeze continues over at BAC and the street is preparing for a squeeze in C beginning around the 17th.

    Every time you say this you tempt me to go long FAZ again.  Bank earnings will be THE thing to watch over the next week or two.  I don’t see anything else mattering (well, jobs reports too of course; today’s was terrible).

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    The ends don’t justify the means…

         
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    Posted: 02 July 2009 10:49 AM #53

    FAZ has been working as a great hedge this past month.  Put $4k in as an insurance policy.  You could make $50k if we test the market lows.

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    The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled.

         
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    Posted: 02 July 2009 10:58 AM #54

    I sees the Great Pumpkin finally coming!

    Sure looks like this H&S formation everyone sees on the daily S&P is becoming a self-fulfilling prophecy. If and when the right should gets broken around the 880s…look out below! The pumpkin has landed! I expect a minor fight around the 900 mark and the big one in the 880s.

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    “Whatever happens in the stock market today has happened before and will happen again.”    - Jesse Livermore

         
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    Posted: 02 July 2009 11:04 AM #55

    macglenn - 02 July 2009 01:49 PM

    FAZ has been working as a great hedge this past month.  Put $4k in as an insurance policy.  You could make $50k if we test the market lows.

    Well the squeeze broke on the jobs report.

    Signature

    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.

         
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    Posted: 02 July 2009 11:32 AM #56

    It’s been slow around here the last few weeks, so with earnings just around the corner why don’t we re-hash an old argument: AAPL’s valuation?

    For some reason, TheStreet.com always puts a negative slant on AAPL news.  I’m not sure who David MacDougall is, but he puts up the usual flimsy arguments:

    - Apple is too big now, can’t adapt like it could before
    - Profits are already priced into the shares
    - PE of 25.5 is overvalued compared to industry average of 22.9. (Did he run non-GAAP?, did he back out 30B in cash?)
    - And finally, this gem:

    Despite recent outperformance, investors who bought Apple at this time last year have lost money. With a one-year return of minus 16%, Apple’s performance leaves something to be desired.

    Something to be desired?  Where exactly should people have put their money in the last year?  Not too many places have been “safe”. AAPL has outperformed each major index by 3-10% over the past year, while piling up cash and setting new sales records in the largest recession of our lifetimes.

    I’m glad I can still come here where there is (mostly) rational analysis of the market.

    /rant off

         
  • Posted: 02 July 2009 12:02 PM #57

    dc930 - 02 July 2009 02:32 PM

    It’s been slow around here the last few weeks, so with earnings just around the corner why don’t we re-hash an old argument: AAPL’s valuation?

    For some reason, TheStreet.com always puts a negative slant on AAPL news.  I’m not sure who David MacDougall is, but he puts up the usual flimsy arguments:

    - Apple is too big now, can’t adapt like it could before
    - Profits are already priced into the shares
    - PE of 25.5 is overvalued compared to industry average of 22.9. (Did he run non-GAAP?, did he back out 30B in cash?)
    - And finally, this gem:

    Despite recent outperformance, investors who bought Apple at this time last year have lost money. With a one-year return of minus 16%, Apple’s performance leaves something to be desired.

    Something to be desired?  Where exactly should people have put their money in the last year?  Not too many places have been “safe”. AAPL has outperformed each major index by 3-10% over the past year, while piling up cash and setting new sales records in the largest recession of our lifetimes.

    I’m glad I can still come here where there is (mostly) rational analysis of the market.

    /rant off

    This is David MacDougall.  Looks like he’s been “writing” for TSC for about 8 months.  Wow!  All that experience!  We’d better pay attention to what he has to say.  rolleyes

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    Steph :apple:
    Id quot circumiret, circumveniat

         
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    Posted: 02 July 2009 12:18 PM #58

    sstenner - 02 July 2009 03:02 PM

    This is David MacDougall.  Looks like he’s been “writing” for TSC for about 8 months.  Wow!  All that experience!  We’d better pay attention to what he has to say.  rolleyes

    Well, he’s just training to become the next Scott Moritz…cut him some slack.  rolleyes

         
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    Posted: 02 July 2009 12:32 PM #59

    Then there is this posted at iLounge. Could be a blow out 3GS launch!

    An internal AT&T memo published by MacDailyNews claims that the July 19th launch of the iPhone 3GS was record-breaking for the company in a number of ways. The memo states the launch was its ?best-ever sales day? and second-largest traffic day in its retail stores, accounted for the most transactions ever processed and most upgrade eligibility checks in a single day, and was the largest order day and feature sales day in att.com history. The memo goes on to state that sales on 3GS launch day exceeded those of the iPhone 3G?s launch day by noon Central Time, and the company sustained its previous peak hour record, also set in 2008, for 11 straight hours. Apple announced last week that it sold over a million iPhone 3GS units over the launch weekend, although it is unknown how many of those were sold in the U.S. or by AT&T.

         
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    Posted: 02 July 2009 01:01 PM #60

    Mayor Quimby - 02 July 2009 01:11 PM
    Eric Landstrom - 01 July 2009 04:13 PM

    Meanwhile the squeeze continues over at BAC and the street is preparing for a squeeze in C beginning around the 17th.

    Every time you say this you tempt me to go long FAZ again.  Bank earnings will be THE thing to watch over the next week or two.  I don’t see anything else mattering (well, jobs reports too of course; today’s was terrible).

    The specialist is taking his sweet time fulfilling my Citi-spank order. 16 days until the conversion and arbitrage is over with.

    MS is going to report a loss since they paid off the TRAP this Q.

    And even though   Moody downgraded Spanked by America’s Money Market Preferred Custodial Receipts Series XVII To B3 From A3 just moments ago, the Spanked One will spank on and earn a profit of twenty-six shiny pennies per share and announce before the bell on the 17th, making the 17th D-day for two of America’s largest banks.

    Moreover the credit crunch has helped more people get back on their feet: after their house and cars are repossessed and more and more bankers are optimistically ironing five shirts on Sunday nights. I’m telling you that things are getting better, better every day.

    Signature

    Black Swan Counter: 9 (Banks need money, Jobs needs a break, Geithner has no plan, Cuomo’s grandstanding, .Gov needs a hobby, GS works for money, flash crash, is that bubbling crude?).

    For those who look, a flash allows one to see farther.