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Posts by melgross

Yes, sentiment is a tribute to the irrational market theme. Most reasons for pricing is subjective. I consider it to be the "things are what they are" theory.
I never sell. At times, I buy some more. I'm not a trader anymore. I'm a long term investor. I only benefit from the drops. I tell people not to sell Apple on the drops, but to buy more, if they can.
Did I use the word "efficiency"? We were talking about rationality. Efficiency in the markets is the result of rationality, or lack of it.
"But if you ascribe to the OP's notion that AAPL is not currently a high-flying stock then I can't see how an extra $5.30 (about 4%) would make it so." That was your comment making a statement as to what you thought I meant. I stated that I never said that. It was the proper response.
Can you prove that? It's theory that buybacks raise the stock price. I understand what a buyback does to equity per share. But, there is no single bit of solid evidence that it brings the price up permanently. I've seen many buybacks since I began investing back when I was a kid in 1963. None have ever reliably brought that price up, and had it stay there. It's a great deal of money that could otherwise be used to enhance the business.
The term "rational" when describing the way the market works means that every financial investment is priced at the exact price it should be. Since it isn't, it's not rational. This isn't my definition. It's the accepted one. Obviously, it's an oversimplification. But, do you think Apple is priced properly? I don't. Do you think Amazon is priced properly? I don't.
When did I say that? The poster that I replied to said that. My reply was just the opposite.
Horace Diedu had a good article about that. He's right. They're new at this, and this is the first time anyone has used the "count the online receipt" method, so no one knows whether it works or not. I suspect it does nothing more than to give us a bit of info. It misses the people changing from online buying when the watch became available in stores. It also misses everything out of the States.
Really? My stock is up just a little bit since April 2004, when I bought most of what I have now. So I suppose you're right, I'm not doing too well with it.
What? Explain how those two statements contradict each other. Despite what he said, the stock went up bcause Apple was doing better. Buybacks and dividends had little to do with it.
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