AAPL Intraday Updates

  • Posted: 19 October 2009 06:57 PM

    AAPL up over $200 per share AH after reporting a sensational quarter for Mac and iPhone sales. Will the rally continue Tuesday morning?

    [ Edited: 24 October 2009 11:00 AM by DawnTreader ]      
  • Posted: 19 October 2009 07:15 PM #1

    artman1033 - 19 October 2009 10:10 PM
    DawnTreader - 19 October 2009 09:57 PM

    AAPL up over $200 per share AH after reporting a sensational quarter for Mac and iPhone sales. Will the rally continue Tuesday morning?

    With new products!

    YES!!!

    Here’s hoping they started spending all that extra air freight last week and that we see the results tomorrow.

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    Posted: 19 October 2009 08:42 PM #2

    The stage is set for new desktops (at lower prices), then a press announcement to release iPod Touch with camera (bit of a longshot) and AppleTV v3.0 sometime next week. Then in Jan we get iLife ‘10 and iWork ‘10 from the cloud, then Feb CES and the iTablet, WWDC to get the developer preview of 10.7 Lion, July iPhone 4G, touch-screen laptops in August, a music event in Sept with updated iPods, and touch-screen desktops in October. Back up the truck!

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  • Posted: 19 October 2009 08:44 PM #3

    Dan Lyons is saying tomorrow:

    http://www.fakesteve.net/2009/10/were-going-to-have-news-tomorrow.html

    (I personally think the 22nd but hey)

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    Posted: 20 October 2009 12:27 AM #4

    rezonate - 19 October 2009 11:42 PM

    The stage is set for new desktops (at lower prices), then a press announcement to release iPod Touch with camera (bit of a longshot) and AppleTV v3.0 sometime next week. Then in Jan we get iLife ‘10 and iWork ‘10 from the cloud, then Feb CES and the iTablet, WWDC to get the developer preview of 10.7 Lion, July iPhone 4G, touch-screen laptops in August, a music event in Sept with updated iPods, and touch-screen desktops in October. Back up the truck!

    I like your road map. But keep in mind we had similar road map in Oct 08 and we saw what aapl can do, when the market dictates the pps.  I hope we keep going to 300 from here, but I am sure we will have some hiccups along the way.

    Tomorrow may be interesting.  We could end up in the mid 190’s before going back over 204 at end of the week.

    New products could come out, but I think Apple would want to make a big deal out of the fact that they are cheaper to raise awareness.  They would hold a press event.  We will find out in a.m. if they decide to quietly update certain products.

    [ Edited: 20 October 2009 12:32 AM by omacvi ]      
  • Posted: 20 October 2009 01:04 AM #5

    Tuesday [already off this chart]

    R4         201.82
      midpoint   199.60
    R3       197.37
      midpoint   195.15
    R2       192.92
      midpoint   192.16
    R1       191.39
      midpoint   189.93
    PP       188.47
      midpoint   187.71
    S1       186.94
      midpoint   185.48
    S2       184.02
      midpoint   181.80
    S3       179.57
      midpoint   177.35
    S4       175.12

         
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    Posted: 20 October 2009 01:06 AM #6

    Who said these?

    “The iPod will never sell”

    “What does Apple know about the cell phone business?”

    “Apple should just give the money back to the share holders and close”

    My 4350 longs did good today.

    Now to redeem the covered calls bought as insurance and move along to watching the LEPER SISTERS struggle to keep their noses and ears attached.

    Some guys will “date” the strangest gals, won’t they?

    And, does RIMM get a “sympathy bounce” or a listing with the LEPER SISTERS on eHarmony?

    [ Edited: 20 October 2009 02:04 AM by TanToday ]

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    Posted: 20 October 2009 02:08 AM #7

    FWIW, we get the APPLE SLAM over good news starting around 10:10 tomorrow.

    When it dawns on the paid bozo’s that they were ALL WRONG, they will have to write articles saying “Well it was good, but that is cause Apple ALWAYS sandbags…. but then this or that will kill the big MO, and ....yada yada and Steve Jobs can die at any minute will have to resurface for another bow on the Wall Street Hack Stage for ANALISTS…”

    [ Edited: 20 October 2009 03:42 AM by TanToday ]

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    “Even in the worst of times, someone turns a profit. . ” —#162 Ferengi: Rules of Acquisition

         
  • Posted: 20 October 2009 02:11 AM #8

    I HOPE RIMM gets a sympathy vote. After all, RIMM is part of the smart phone TSUNAMI!!  If I hear that ONE more time, I’m going to hurl on my life-size cardboard cutout of Cramer.  And I AM kidding.

         
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    Posted: 20 October 2009 05:07 AM #9

    Keep in mind Galleon’s troubles might make a dent in Apple.

    A blog posting on Friday listed what it said were Galleon’s top holdings. The fund’s largest, most easily traded stocks, including Apple Inc. and Google Inc., weren’t hurt in Monday’s rising stock market.

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    Tightwad.

         
  • Posted: 20 October 2009 09:26 AM #10

    TanToday - 20 October 2009 05:08 AM

    FWIW, we get the APPLE SLAM over good news starting around 10:10 tomorrow.

    When it dawns on the paid bozo’s that they were ALL WRONG, they will have to write articles saying “Well it was good, but that is cause Apple ALWAYS sandbags…. but then this or that will kill the big MO, and ....yada yada and Steve Jobs can die at any minute will have to resurface for another bow on the Wall Street Hack Stage for ANALISTS…”

    Didn’t have to wait that long. Jim Cramer was the first one on Mad Money saying kind of sarcastic ‘...look at Apple, they had disappointing iPhone numbers, but the stock is still up ...”. He said that 3 times during the show. What a moron!!! He was one of the people who had it wrong with Apple and said sell before the earnings.


    On an other note- is P. Jaffray’s target of $277 this morning the highest out there? Does anybody know?

    [ Edited: 20 October 2009 09:29 AM by Plato ]

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    Posted: 20 October 2009 09:32 AM #11

    From Barclays Capital

    We believe the 4Q09 report was very strong highlighted by a significant beat in Macs and very solid execution. We believe valuation is still very attractive on a free cash flow basis. Given more new product innovations and solid momentum in core segments, we are raising our price target to $235 and reiterate our 1-OW rating (sector 1-Positive).

    Raising Estimates through FY11 Due to Higher Mac and iPhone Sales: We are raising our estimates for Apple through FY11 due to higher revenues and prospects for higher margins. We now estimate fiscal 1Q GAAP EPS of $1.99 (was $1.84), based on 17% y/y revenue growth to $11.9 billion (was $11.56 billion) and gross margin of 35% (was 33.9%). Our 1Q non-GAAP EPS estimate is $3.04 (was $2.84). For FY10, we now estimate GAAP EPS of $7.55 (was $6.75) based on 23% y/y revenue growth to $45.1 billion (was $43.6 billion). Our FY10 non-GAAP EPS estimate is now $10.60 (was $9.70). For FY11 we estimate GAAP EPS of $8.90 (was $7.90) based on 14% y/y revenue growth to $51.2 billion (was $48.9 billion) and gross margin of 35.4% (was 34.2%). Our FY11 non-GAAP EPS is $11.60 (was $11.10). Note that GAAP estimates account for iPhone sales under the subscription accounting method, which we believe significantly understates Apple?s true earnings power. Also note that Apple?s pro forma EPS could arguably still be considered ?understated? since it still includes options expenses and amortization of intangibles, unlike many companies? non-GAAP figures in our sector. We expect the company to adopt new accounting standards within a few quarters that move GAAP EPS significantly closer to non-GAAP EPS.

         
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    Posted: 20 October 2009 09:37 AM #12

    Apple price target raised to $280 from $265 at UBS
    Apple target raised to $277 from $235 at Piper Jaffray
    Apple target raised to $235 from $214 at Kaufman Bros.
    Apple target raised to $250 from $225 at Deutsche Bank
    Apple price target to $235 from$208 at Barclays
    Apple price target to $250 from $235 at Credit Suisse
    Apple target raised to $275 from $250 at RBC Capital
    Apple target raised to $245 from $210 at Thomas Weisel

         
  • Posted: 20 October 2009 09:46 AM #13

    VTBoy - 20 October 2009 12:37 PM

    Apple price target raised to $280 from $265 at UBS
    Apple target raised to $277 from $235 at Piper Jaffray
    Apple target raised to $235 from $214 at Kaufman Bros.
    Apple target raised to $250 from $225 at Deutsche Bank
    Apple price target to $235 from$208 at Barclays
    Apple price target to $250 from $235 at Credit Suisse
    Apple target raised to $275 from $250 at RBC Capital
    Apple target raised to $245 from $210 at Thomas Weisel

    8-)

    This should give the early morning trading a rocket boost.

         
  • Posted: 20 October 2009 10:02 AM #14

    we’re still getting the Apple is trading way too many times above earnings rubbish this morning on the financial blogs.

    Ironically I think Friday we will see a very bad quarter from Microsoft. I think they are planning on using the W7 and store launches on Thursday to cover the news.

    Interesting week.

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    Posted: 20 October 2009 10:32 AM #15

    And here we go.  a 200 opening from its high of 204 in AH yesterday.

    We could see high 190’s today.  There will be just as many booking in profits as those jumping on board.  The upgrades should help us close in the 200 range.

    No new products today.

    In 7 trading days I think barring an Oct. meltdown, aapl should be close to 210.