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Shares of Apple sink after supplier Cirrus warns of weak results - Page 2

post #41 of 304
Quote:
Originally Posted by Tallest Skil View Post

Originally Posted by SpamSandwich View Post
Opportune time for Apple to buy back their stock though.

 

Yep. All of it.

380 Billion? Where are they going to get the cash to do that?

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post #42 of 304
Quote:
Originally Posted by Slurpy View Post

Unreal. Just unreal. I don't even know what to say anymore. Just mind-blowing how a blip of a rumor makes Apple sock plummet. Why the **** does this not happen to any other company?


Because the stock is now an option trader wet dream and not valuated on fundamentals ?

 

There is a tremendous chorus of bad mouthing from those who play against the naïve investors and against Apple and it wont stop anytime soon.

However as Apple has no debt, there is few risks for them, so the day the shorts capitulate, they are in  for a very bad mauling. Fundamentals always win in the end and Apple ones are fabulous.

post #43 of 304
Quote:
Originally Posted by SpamSandwich View Post

 

Opportune time for Apple to buy back their stock though.

 

The old announced repurchase plan was very limited and Apple has been silent on doing anything more with their piles of money.

 

Quote:
Originally Posted by SolipsismX View Post


Mindshare needs to massaged from time to time if you want it to grow.

 

Beautifully worded, and it captures my frustration exactly. I thought Apple was aware of this.

post #44 of 304
Quote:
Originally Posted by Slurpy View Post

Unreal. Just unreal. I don't even know what to say anymore. Just mind-blowing how a blip of a rumor makes Apple sock plummet. Why the **** does this not happen to any other company?
To be fair the market overall is down today, and then lump that in with Cirrus comments you get a really down day,

Might be that these days Apple's secrecy is hurting it. Haven't had a product announcement for 6 months or so. All we got from Cook is the pipeline is full of stuff. Other than that silence. And silence has allowed the vultures to circle and declare Apple out of ideas and in a downward spiral. Unfortunately Cook doesn't seem to be able to calm investor/market fears. My fear is the expectations will be so high for iOS 7 and other products coming out (since everything seems to be delayed into the second half of the year) Apple won't be able to meet or exceed them.
post #45 of 304
Originally Posted by mstone View Post
380 Billion? Where are they going to get the cash to do that?

 

At the rate the stock's going, they'll match their cash in roughly another year and a half. lol.gif

 

After that, all they have to worry about is continuing to make amazing products and flipping the bird at idiots.

post #46 of 304

Who really gives a shit about the stock price...I just want Apple to be Apple. 

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post #47 of 304
Quote:
Originally Posted by SpamSandwich View Post

 

That's where Jobs excelled. If all the stories are to be believed, Jobs was constantly on the phone harassing and haranguing reporters and others who either misreported or denigrated Apple in any way, shape or form. Does Tim doe this? You have to view your company as more than just a company. Jobs treated Apple like it was his very life.

 

That's completely unfair. No, Tim probably doesn't do this, but if he tried he would probably fail spectacularly. Tim is not Steve Jobs, and expecting him to emulate all of Jobs tactics is just ridiculous and unfair. You can't just expect someone to take on all the characteristics of the previous leader, especially when "harassing" people depends on certain character traits that Tim may not have. Apple released and updated a massive amount of shit last quarter, more than any other quarter in there history, and I think reasonable people should have the patience to wait a few months for something major. There's clearly ALOT of stuff going behind the scenes, and Apple will remain silent until that stuff is 100% ready to be shown off or be released. Yeah, Google makes a shitload of noise by showing off products in development, but that isn't Apple, and should never be. People have reached such an insane level of OCD, and would prefer Apple make rash moves that may not be clearly thought out simply so they can have their entertainment fix. 

 

Apple has shown that it's in this for the long haul. All it's decision are based on the long term, which is why they're not as quick to try to impress for the short term with snazzy stuff like other companies, stuff that history has shown can wither and die quickly. It's next moves are critical, Apple knows this, especially because of the massive userbase they have ammassed with iOS devices. Making changes to a platform used and enjoyed by 400+million people is not a trivial task, and a million considerations need to be made with every change. They're making this software and these devices for the world, not for tech geeks, Apple fans, or people who peruse tech blogs 50 times a day. The best thing Apple can do now is what they've always done- ignore the stock, focus on your roadmap and announce things when they're ready to be announced. Stock cannot be a driving factor of company strategy, and chasing it will lead nowhere. One can only hope that the stock responds to great products and great performance. 

post #48 of 304
Quote:
Originally Posted by Tallest Skil View Post

After that, all they have to worry about is continuing to make amazing products and flipping the bird at idiots.

Yeah, the idiots that actually invested in AAPL.

 

So Apple is manipulating the market to drive down the share price in order to repurchase all the outstanding equity. Sounds reasonable... /s

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post #49 of 304
Quote:
Originally Posted by zoffdino View Post

It's hard to manipulate a market for 6 straight months.

Doesn’t actually matter if Cook has his head in the sand or not, their perception is your reality. The market takes the void Cook creates, and drums it up as if everything is wrong with Apple. Besides, the consensus estimate has it that Apple will report below guidance this quarter, and issue terrible guidance for next. For a company where analysts have to outbid themselves on raising price targets, to this! Cook fails Investor Expectation Management 101.
I'm as big an Apple fan as any but often times perception becomes reality and I think we're witnessing that right now with Apple. And it seems Cook, Oppenheimer and Schiller don't seem to know what to do about it.
post #50 of 304
Originally Posted by jdnc123 View Post
Apple… …has no idea where to put it…

 

Which you know, because you're… ?

post #51 of 304
Quote:
Originally Posted by Peter Cranstone View Post

Question: What drives a stock price? 

 

Answer: Growth

 

That's just false on it's face. No one can really pinpoint what drives particular stock fluctuations, up or down. It's certainly not just "growth". There's clearly no single formula that is applied to all stocks. Compare Apple vs Amazon vs Google vs Microsoft. There's no consistency in how the market treats any of them.

post #52 of 304
I think tonight AAPL will lose at 399.95-99 . Just to scare those pigs .
post #53 of 304

Such a thoughtful comment-     Which FACT is wrong ?   

post #54 of 304
Quote:
Originally Posted by Evilution View Post

So, Apple is dumping Cirrus and going elsewhere for their chips, Cirrus sell less chips and Apple stock falls.

No, I don't think this is the reason for the price drop. 

Read the report. "lower shipments of a high-volume product as an unnamed customer migrates to a newer component from Cirrus."

So Apple isn't even dumping Cirrus. They've upgraded to a newer component from Cirrus (which is probably better for Cirrus in the long run). So there's absolutely nothing in there that suggests that there's bad news for Apple. The only bad news for Cirrus is that they had too much inventory and had to write some of it off.
Quote:
Originally Posted by gwmac View Post

Apple's stock has been in a downward spiral for a while. Valuation is always about the future. The future is the only thing that matters. Since the release of iPhone 5, the market has started to question the future of Apple as the world’s leading innovator.


If that's the reason, then the market is made up of idiots. Apple's cash adjusted PE is around 6 right now - about 1/3 the market. So if Apple simply drops to growing at the rate of the rest of the market (i.e., GDP growth rate), then the stock is only at 1/3 of it's proper value.
Quote:
Originally Posted by SpamSandwich View Post

Opportune time for Apple to buy back their stock though.

Agreed. Start buying shares like crazy at $400. Even at $500 or more, it's a great buy.
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post #55 of 304
Quote:
Originally Posted by mstone View Post

Yeah, the idiots that actually invested in AAPL.

 

Pretty ridiculous statement, considering that AAPL - even at $400 - has outperformed most stocks in the short term. It's also typically shortsighted. Sure, if you bought at $700 and now look at the share value then you're gonna feel bad if you're looking at the short term. If you, however, purchased at $150-$300 then the stock still looks very good ... especially if it's a long term investment. Everything going on right now is just a bunch of hedge funds and day traders trying to minimize their short term loss. They've never been AAPL investors. Anyone who thinks AAPL, generating cash at the rate they generate it, growing marketshare and unit sales with all of their latest releases, and a track record of reinventing markets is a bad long term investment is the idiot.

post #56 of 304
Quote:
Originally Posted by SpamSandwich View Post

Quote:
Originally Posted by TeaEarleGreyHot View Post

This just reeks of someone manipulating the market.

Opportune time for Apple to buy back their stock though.

Boy howdy!
post #57 of 304

"who really cares about apple's share price"?

 

apple investors

post #58 of 304
Sorry guys, but the fundamental of Apple have not changed and I think that the bottom has been reached for many reasons. It might fall a little more but I think it is a buy right now and I bought it. I think we will see $50 gains after the quarterly report....

Hope I was right...
post #59 of 304
Quote:
Originally Posted by jfc1138 View Post

^THIS!^

 

Criticism based on reality I'd appreciate. But when basic FACTS are wrong, irritating clickbait junk.

Wow-  a little sensitive aren't we-    

 

Do the Math and tell us which basic FACT is Wrong.  Otherwise,  last I checked-  $54  Billion is Larger than $46 Billion and 14 weeks

is greater that 13 weeks.  

post #60 of 304
Quote:
Originally Posted by jdnc123 View Post

Amazon may not be making a lot right now, but they are investing every penny they have for future growth.  Apple sits on their cash and has no idea where to put it, which is why Amazon is given a pass, at least they are trying.

I invite everyone to look ar this shrieking, hysterical infantilism.

Amazon is investing every penny for future growth . . . at least they are trying . . .

vs.

Apple sits on their cash and has no idea where to put it . . .

This person should be fired as a troll for losing his grasp of mature discourse.

By the way, he's back from lunch. I said I would ignore him when he trashed the other thread, but this specimen is too easy a target.
post #61 of 304
Quote:
Originally Posted by crazy_mac_lover View Post

I think tonight AAPL will lose at 399.95-99 . Just to scare those pigs .

Definitely looks like it has some support around $400. That one dip below was triggered by a 750K share sell. It is hard to deal with a million share sell at the opening bell. We'll see what happen after hours and in the other indices overnight. 

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post #62 of 304
Quote:
Originally Posted by Peter Cranstone View Post

Question: What drives a stock price? 

Answer: Growth

Apple's days of explosive growth are over. None of us 'need' another screen and while an iPad or iPhone might be a must have, adding another TV screen to the house is not going to happen anytime soon. And if so, people will not be buying 5 of them. Apple is now trading like Microsoft - as a mature stock. 

Remember there are 4 stages to a company:
  1. Think it up
  2. Scale it
  3. Milk it
  4. Think it up

Apple is now at Step 4. When it thinks it up and then scales it the stock will respond. Until then there are better bets for making money versus saying 'i'm holding a stock that is going down'. Smart investors don't do that until it hits the bottom and it hasn't hit it yet.

I thought it was "write 3 letters".
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post #63 of 304
Quote:
Originally Posted by sranger View Post
 I think we will see $50 gains after the quarterly report....

That could happen. But it could also go the opposite way, as we've seen in recent earnings reports. The market doesn't always react in a rational manner. You'd think that it was made up mostly of mental patients and lunatics with spare cash.

 

Also, it will be interesting to see how the market reacts to Apple's brand new method of reporting earnings.

post #64 of 304
Quote:
Originally Posted by Tallest Skil View Post

 

At the rate the stock's going, they'll match their cash in roughly another year and a half. lol.gif

 

After that, all they have to worry about is continuing to make amazing products and flipping the bird at idiots.

There we go again ....
Tallest Skil calling all the people dumb an idiots who have another opinion than his.
People who announced at 500 or 460 were called dumb when they thought about selling apple stock.
I sold some at 500 and bougth again at 420 then sold at 460.

At 418 i sold another 20% of my stock. 
Only time will tell if i can find a good entry point to reinvest my cash. ? 

post #65 of 304
Quote:
Originally Posted by focher View Post

Quote:
Originally Posted by mstone View Post

Yeah, the idiots that actually invested in AAPL.

 

Pretty ridiculous statement, [...] Anyone who thinks AAPL, generating cash at the rate they generate it, growing marketshare and unit sales with all of their latest releases, and a track record of reinventing markets is a bad long term investment is the idiot.

Do I really need to put a '/s' after every word in my post? Please reread the thread in context as to what nonsense I was replying to.

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post #66 of 304
Quote:
Originally Posted by spacerays View Post

Dont know if there is a relation, but all this shit started to happen shortly after Apple started to issue dividends.


Maybe it's the reason why Jobs didnt want any dividends.

Perhaps, but not the way you think. The stock had flattened out a little above $400 late last winter, before the dividend/buyback announcement. The dividend/buyback announcement prompted an additional run up to $700. The dividend/buyback announcement caused a lot of the euphoria amongst analysts and institutional investors. I saw this run up as a chance to get out, so I completely sold out the second at $600.

During the six month delay between the announcement and the dividend payment, the stock went up by 33%, causing the yield to drop by a similar amount. What started out as a decent dividend yield became paltry compared to other companies. The excitement was gone, the growth was gone, and the product lineup was stale.

I have been amazed by the tone on this site as the price fell through $600, $550, $500, $450. The sentiment each time was "buying opportunity!!!" Now at $400, it is noticeably more pessimistic. Perhaps that is a sign that it really is nearing time to get back in.
post #67 of 304
Quote:
Originally Posted by msuberly View Post


Perhaps, but not the way you think. The stock had flattened out a little above $400 late last winter, before the dividend/buyback announcement. The dividend/buyback announcement prompted an additional run up to $700. The dividend/buyback announcement caused a lot of the euphoria amongst analysts and institutional investors. I saw this run up as a chance to get out, so I completely sold out the second at $600.

During the six month delay between the announcement and the dividend payment, the stock went up by 33%, causing the yield to drop by a similar amount. What started out as a decent dividend yield became paltry compared to other companies. The excitement was gone, the growth was gone, and the product lineup was stale.

I have been amazed by the tone on this site as the price fell through $600, $550, $500, $450. The sentiment each time was "buying opportunity!!!" Now at $400, it is noticeably more pessimistic. Perhaps that is a sign that it really is nearing time to get back in.

I like your thinking :-)

post #68 of 304
Originally Posted by Teamracer View Post
There we go again ....

Tallest Skil calling all the people dumb an idiots who have another opinion than his.


Nope. Read it again.


People who announced at 500 or 460 were called dumb when they thought about selling apple stock.

Only time will tell if i can find a good entry point to reinvest my cash. ? 

 

So… which is it? Should people be selling or should they be buying?

post #69 of 304
Quote:
Originally Posted by igriv View Post

Yes, you are MUCH smarter than the entire investing community.

Another playground taunt.
post #70 of 304
Originally Posted by extremeskater View Post
Apple is expected to sell millions of iOS devices that bar has been set.

 

And since they do, consistently, every quarter… 

 

What?


A company only gets one chance to create something revolutionary after that point updates are simply evolutionary.

 

Not really. Apple has done five revolutionary hardware products so far, and we can all see the sixth peeking out behind the curtain.

 

If you mean updates to said product, frick doy. What else WOULD they be?

 

Wall Street has always wanted every single update to every single product to be as industry-shaking as the first iteration thereof. Every single thread about a new product since the return of Steve shows you that. Wall Street is full of idiots. That's all there is to it. They want what no company can provide nor has ever provided. The trick is to ignore their stints of vacuousness and to show them where they're wrong, and Apple's great at doing that.

post #71 of 304
Quote:
Originally Posted by jdnc123 View Post

Amazon may not be making a lot right now, but they are investing every penny they have for future growth.  Apple sits on their cash and has no idea where to put it, which is why Amazon is given a pass, at least they are trying.

I can't imagine the mental gymnastics it takes to look a company that turns a profit and then claim they are "sitting on their cash" despite nearly daily news of huge investments. In the last year along Apple has spent more of its profits than Amazon has ever made in its entire history as a company, private or public.

You can say they should do more but to claim they aren't doing anything but sitting on it is complete BS.

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post #72 of 304

Looks like Apple is buying back shares right now as there seems to be a constant but limited buy order just pennies above $400.

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post #73 of 304
Quote:
Originally Posted by SolipsismX View Post

What Apple needs are Amazon-like results to turn the stock around¡

Are you kidding?   Amazon generates tons of cash flow, but very little profit.   Many quarters, it makes no profit at all, which it usually blames on free shipping.

post #74 of 304
Quote:
Originally Posted by Tallest Skil View Post


Nope. Read it again.

 

So… which is it? Should people be selling or should they be buying?

The moment the stock went under 420 was a good time to sell. (stop loss at 219,70)

If it goes under 400, it could go under 390 ?

Perhaps 390 is a good entry point. Only time will tell ....
But perhaps we better wait until some good news and product presentations form apple to reinvest the cash.

I still own 60% of my initial 100% shares. :-(

 

Best regards

post #75 of 304
Quote:
Originally Posted by SolipsismX View Post

What Apple needs are Amazon-like results to turn the stock around¡

What makes the market swallow Amazon's results -- such as they are -- is the fact that investors think Bezos is communicating his strategy well. For whatever reason, they trust him. He is always out there, making a case for his company, his stock, his products/services.

 

Apple just clams up. Not a peep. As a result, there is ton of misinformation and disinfomration that investors are simply not able to sort through. Here's s startling statistic: the volatility (measured by the annualized standard deviation) in the overall market is about 15%. Apple's was ~20% last year, and ~25% earlier this year. I the past couple of weeks, it has jumped to ~44%.

 

This kind of excess volatility is simply the result of no/poor/bogus/dis-/mis-information.

 

I've said this many times before, and I'll say it again: Cook and Oppenheimer are not terribly savvy in their dealings with the market (Jobs did not have that problem because he was a known quantity), and the Board has been absolutely atrocious.

post #76 of 304
Quote:
Originally Posted by zoetmb View Post

Are you kidding?   Amazon generates tons of cash flow, but very little profit.   Many quarters, it makes no profit at all, which it usually blames on free shipping.

http://en.wikipedia.org/wiki/Irony_punctuation#Temherte_slaq.C3.AE

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post #77 of 304

Ridiculous the company is sitting on $145 billion in cash and does not buy its own stock back.  Why does it take 9 months to come up with a plan on how to use cash?   

 

Note to Cupertino:  Wake up.  Get your head out of your ass.  You risk the perception becoming the reality  

Windows survivor - after a long, epic and painful struggle. Very long AAPL

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post #78 of 304
This...
"Apple's earnings for its previous holiday quarter were flat year over year"

Apple's biggest issue IS NOT whether its products are great or whatever... it's momentum.
Rewind 4 or 5 even 6 years ago, Apple carved out an entirely new demand with it's iPhone and a new market with it's iPad. Everyone jumped on board.

But as more competition moved in/caught up, the death of Steve Jobs, and perhaps the ability to negotiate globally... the momentum Apple had... has slowed.

It's not a bad thing per se... it happens.

The stock price to me... reflects a bit more realistic price support given it's current service and product offerings.
post #79 of 304
Quote:
Originally Posted by anantksundaram View Post
Apple just clams up. Not a peep. As a result, there is ton of misinformation and disinfomration that investors are simply not able to sort through. 

 

I agree. Apple needs to set the tone and control the narrative. If there is none, then the media will just make up their own.

post #80 of 304
Quote:
Originally Posted by lukefrench View Post

Quote:
Originally Posted by Slurpy View Post

Unreal. Just unreal. I don't even know what to say anymore. Just mind-blowing how a blip of a rumor makes Apple sock plummet. Why the **** does this not happen to any other company?


Because the stock is now an option trader wet dream and not valuated on fundamentals ?

 

There is a tremendous chorus of bad mouthing from those who play against the naïve investors and against Apple and it wont stop anytime soon.

However as Apple has no debt, there is few risks for them, so the day the shorts capitulate, they are in  for a very bad mauling. Fundamentals always win in the end and Apple ones are fabulous.

These are all just cheap (and convenient) conspiracy theories.

 

It is fundamentally an information problem, and imho, lands squarely on Apple's feet (see my post above for details).

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