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Apple, Inc to split stock 7-1 after Friday June 6 market close - Page 2

post #41 of 113
You have to account for all those stock buys backs and those new stock awarded to the execs.
post #42 of 113
Quote:
Originally Posted by SolipsismX View Post


For the trillion dollar market cap it's a little higher:

1,000,000,000,000 market cap ÷ 861,380,000 shares = $1160.93 per share ÷ 7 (split) = $165.85 per share

 

Except we weren't discussing a trillion dollar market cap. We were talking about $1,000 per share. You are the first person to mention 1 trillion so that is an interesting tidbit but rather irrelevant to the discussion. 

 

$1,000 ÷ 7 =  $142.86. 

 

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post #43 of 113
Quote:
Originally Posted by gwmac View Post

Really? I have always believed that your typical small time investors are more long term types that will hold for years or even decades. The headaches with taxes and capital gains is but one reason. Also the type of people I am talking about are teachers, construction workers, small business owners, etc.. who are simply far too busy to actively monitor their Ameritrade accounts and buy and sell often. I could be wrong of course but I think individual, middle class type investors tend to invest more with an eye for retirement than short term. 

Normally, I don't pay much attention to this, but with all the hoopla going around since it's a 7:1 split, I've been reading a lot of articles in the financial press about it. When discussing small investors, the conclusions are that it makes a stock more variable. Think of day traders, as an example. They will trade on small gains and losses, as that's what day trading is all about.

Remember that just a very small percentage of a stock is traded openly every day. For Apple, it's about 12% of the shares. Those trades make up most of the variability of the stock.

It's interesting to note that when Buffet was recently asked why he didn't want to split his stock, he gave the very same answer; variability.
post #44 of 113
Quote:
Originally Posted by melgross View Post

My broker just called me to let me know, and to also tell me that it won't be available for after hours trading Friday. He knows I know this, but he's calling all the Apple clients.

I haven't checked my emails to see if Scottrade is letting me know this on my account there.

I got an E-Mail from Scottrade with all of the details and they also wrote about it in their blog which gets E-Mailed as well.

I wouldn't imagine that people would go crazy for too long considering that after a brief moment of panic, they would login to their account and notice that the value was about what they would expect and that they posess a much larger quantity of shares.
post #45 of 113
Quote:
Originally Posted by Magic_Al View Post

Will anybody freak out on Monday if they don't know about the split and see Apple's stock price displayed out of context?

My broker just called me to let me know
Quote:
Originally Posted by SolipsismX View Post

Yes, but I'd argue that with Internet-based trades being so cheap and buying 1 share or 1,000 shares costs the same thing that this has already built into the system. So this split would be like adding electrons to an atom then worrying about the mass it's gained. It's definitely added mass but it's such a minute amount compared to the proton and neutron that it's practically inconsequential. IOW, I expect we'll see no changes in the stocks volatility.

When I said it was complicated, I didn't just mean the cost of the trade. I meant that as even lots are easier to sell, they sell just a few milliseconds quicker. Or sometimes seconds quicker, or even tens of seconds quicker. That can mean a few pennies on the sale, or buy. If you put in a lot of, say 76 shares, it will linger longer than if you put one in at 50 or 100. All these trades are being do e electronically, and the sell quote and buy quotes need to match up. It's just easier with even lots.
post #46 of 113
That's incorrect. You can easily buy any number of shares. Got $650? Buy one share. Piece of cake.
post #47 of 113
Quote:
Originally Posted by gwmac View Post

You are the first person to mention 1 trillion.

I am aware. I did post it after all. And, yes, it is relevant to discussion of "what-ifs" since it's the milestone that follows a pre-split $1000 per share.

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post #48 of 113
Quote:
Originally Posted by bennettvista View Post
 
Quote:
Originally Posted by pazuzu View Post

Breaking Apple news:

Dr. Dre buys Gisele and Tom Brady's mansion for $40M
http://pagesix.com/2014/06/05/dr-dre-buys-gisele-and-tom-bradys-mansion-for-40m/

It's going to be a long commute each day to his office at Apple.

 

Gulfstream V (or whatever is trendy with the billionaires these days) will get him there lickety-split!

Ask me about.... The 80's!
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Ask me about.... The 80's!
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post #49 of 113
Quote:
Originally Posted by MacCentric View Post

I got an E-Mail from Scottrade with all of the details and they also wrote about it in their blog which gets E-Mailed as well.

I wouldn't imagine that people would go crazy for too long considering that after a brief moment of panic, they would login to their account and notice that the value was about what they would expect and that they posess a much larger quantity of shares.

I would hope that most owners of the stock would know about the split by now. The touchy point is for those who check after hour trading, and see that the stock has been suspended.

Heh. I hardly ever read anything from them. Never anything of use to me.
post #50 of 113
Quote:
Originally Posted by chabig View Post

That's incorrect. You can easily buy any number of shares. Got $650? Buy one share. Piece of cake.

Not always easy to buy one share.
post #51 of 113
Quote:
Originally Posted by SolipsismX View Post


I am aware. I did post it after all. And, yes, it is relevant to discussion of "what-ifs" since it's the milestone that follows a pre-split $1000 per share.

I understand that, but simply thought your point could have been made without quoting me at all. It stood on it's own merits as a separate discussion. It actually was an interesting tidbit of info. $165 seems a lot further down the road than $142 when your stating point is now around $90. 

 

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post #52 of 113
Quote:
Originally Posted by SolipsismX View Post

I am aware. I did post it after all. And, yes, it is relevant to discussion of "what-ifs" since it's the milestone that follows a pre-split $1000 per share.

Ever since Apple first went north of $400 billion the question of them hitting $1 trillion has been discussed on the financial pages. It's harder now with all the buybacks.

But one guy, after an entire article as to why Apple would NEVER hit it, ended up concluding that it couldn't be done because it hadn't been done. In other words, because no company had ever hit a trillion, Apple couldn't either. A terrible argument. A really, really dumb argument.
post #53 of 113
Quote:
Originally Posted by melgross View Post


Not always easy to buy one share.

 

This is true. After all, it is a stock market, which is composed of buyers and sellers. If no one is willing to sell just one share, no one will be buying just one share.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #54 of 113
Quote:
Originally Posted by Apple ][ View Post
 

Monday would be the perfect time for the manipulators to start making their move.

 

Look how optimistic everybody is.:lol:

 

Either way, it'll be interesting to see what happens to the stock action post split.

 

And for good reason.

 

iPhone6, iWatch, iHome, iHealth, iGaming.

 

Manipulators can only do so much.  If Apple keeps growing earnings 15-20% each quarter and brings awesome new product catergories, services, and software there is nothing they can do to stop this train.

post #55 of 113
Quote:
Originally Posted by melgross View Post

Quote:
Originally Posted by Magic_Al View Post

Will anybody freak out on Monday if they don't know about the split and see Apple's stock price displayed out of context?

My broker just called me to let me know, and to also tell me that it won't be available for after hours trading Friday. He knows I know this, but he's calling all the Apple clients.

I haven't checked my emails to see if Scottrade is letting me know this on my account there.

Scottrade did a generic split email yesterday and a specific AAPL split email today.
"...The calm is on the water and part of us would linger by the shore, For ships are safe in harbor, but that's not what ships are for."
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"...The calm is on the water and part of us would linger by the shore, For ships are safe in harbor, but that's not what ships are for."
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post #56 of 113
Quote:
Originally Posted by Dick Applebaum View Post

Scottrade did a generic split email yesterday and a specific AAPL split email today.

I suppose I should look at what they have to say about it.

Ok, looked. It gives the very basics, plus a little boiler plate at the bottom about availability.
post #57 of 113
Quote:
Originally Posted by melgross View Post

Ever since Apple first went north of $400 billion the question of them hitting $1 trillion has been discussed on the financial pages. It's harder now with all the buybacks.

But one guy, after an entire article as to why Apple would NEVER hit it, ended up concluding that it couldn't be done because it hadn't been done. In other words, because no company had ever hit a trillion, Apple couldn't either. A terrible argument. A really, really dumb argument.

Unless there is some reason that economic growth will come to a halt forever it will happen, and based on the rate of change it should happen in our lifetime. It may not be Apple first (or at all) but the odds are it will happen.

"The real haunted empire?  It's the New York Times." ~SockRolid

"There is no rule that says the best phones must have the largest screen." ~RoundaboutNow

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"The real haunted empire?  It's the New York Times." ~SockRolid

"There is no rule that says the best phones must have the largest screen." ~RoundaboutNow

Reply
post #58 of 113
Quote:
Originally Posted by melgross View Post

Not always easy to buy one share.

It's super easy. I put in an order for share and it's executed immediately. Every online broker does this. If you're talking about "full service" (I.e., expensive) broker assisted firms, you may be right.
post #59 of 113
Closed @ $647.35 -- IDK how to convert that to cubic centimeters ...
"...The calm is on the water and part of us would linger by the shore, For ships are safe in harbor, but that's not what ships are for."
- Michael Lille -
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- Michael Lille -
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post #60 of 113

Just got alert on my iPhone. Dow and S&P closed at record highs today

 

Never argue with an idiot. They will only bring you down to their level and beat you with experience. 

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post #61 of 113
Quote:
Originally Posted by SpamSandwich View Post

This is true. After all, it is a stock market, which is composed of buyers and sellers. If no one is willing to sell just one share, no one will be buying just one share.

When it comes to something like that, it's more a question of who is willing to buy one share, rather than someone willing to sell one. That's why there are companies you can go to to buy one share (and get the certificate).
post #62 of 113
Quote:
Originally Posted by SpamSandwich View Post

This is true. After all, it is a stock market, which is composed of buyers and sellers. If no one is willing to sell just one share, no one will be buying just one share.

It's the market maker's job to fill your order, and they will. Somewhat unintuitively, it's the really large orders that are harder to fill.
post #63 of 113
Quote:
Originally Posted by chabig View Post

It's super easy. I put in an order for share and it's executed immediately. Every online broker does this. If you're talking about "full service" (I.e., expensive) broker assisted firms, you may be right.

You're lucky. I know of cases where people put orders in for a few shares and waited for an hour before it went thought. They had to buy at market to do that too.
post #64 of 113
Quote:
Originally Posted by melgross View Post

You're lucky. I know of cases where people put orders in for a few shares and waited for an hour before it went thought. They had to buy at market to do that too.

Don't blame the order size for delayed execution when the trader used a limit order, and the market wasn't willing to meet their price.
post #65 of 113

Good close today... $647.35.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #66 of 113
Quote:
Originally Posted by chabig View Post

Don't blame the order size for delayed execution when the trader used a limit order, and the market wasn't willing to meet their price.

Order size is part of that.
post #67 of 113
Quote:
Originally Posted by SpamSandwich View Post

Good close today... $647.35.

Actually, I'm disappointed. It started out well moving up about $4.50 quickly. But as the market slumped early, it never recovered, even though the market picked up again. The Nasdaq closed up around 1%. I expected Apple to track around that, and break $650 in closing. Came pretty close early on.
post #68 of 113
Quote:
Originally Posted by vaporland View Post
 

 

Gulfstream V (or whatever is trendy with the billionaires these days) will get him there lickety-split!

Yeah - that, three hos and an eight-ball.  Should make for a good music video.

post #69 of 113

Apple shares completely lost momentum and will be unlikely to reach $650 pre-split.  Without any new hardware, even with the split coming, investors aren't going to give away any more money to Apple to drive up the share price.  Investors are busily pouring money into Amazon because of the Amazon smartphone with the revolutionary 3D UI and half-dozen cameras.  Investors see the Amazon smartphone far more exciting than Apple's iPhone 6.  Most of Wall Street is rather certain Jeff Bezos doesn't make mistakes and this new smartphone will greatly cut into iPhone market share.  Amazon will probably offer it at a very low cost and provide lots of free initial content for it just to get consumers to buy it.  It's quite amazing that only a short teaser of the Amazon smartphone has been shown and already Wall Street is going crazy over it.  A 5% share price pop for an unannounced smartphone is only something Amazon could pull off.  Wall Street really has a lot of faith in Amazon.

post #70 of 113
Originally Posted by Constable Odo View Post
Investors see the Amazon smartphone far more exciting than Apple's iPhone 6.

 

And that’s nonsense.

 
Most of Wall Street is rather certain Jeff Bezos doesn't make mistakes...

 

The more he does, the bigger the explosion when Amazon inevitably falls.

Originally posted by Marvin

Even if [the 5.5” iPhone exists], it doesn’t deserve to.
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Originally posted by Marvin

Even if [the 5.5” iPhone exists], it doesn’t deserve to.
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post #71 of 113
Quote:
Originally Posted by melgross View Post

Order size is part of that.

You need a new broker. Right away.
post #72 of 113
Quote:
Originally Posted by melgross View Post

Actually, I'm disappointed. It started out well moving up about $4.50 quickly. But as the market slumped early, it never recovered, even though the market picked up again. The Nasdaq closed up around 1%. I expected Apple to track around that, and break $650 in closing. Came pretty close early on.

Wel'll see where it goes tomorrow. Could get interesting.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #73 of 113
Quote:
Originally Posted by Constable Odo View Post

Apple shares completely lost momentum and will be unlikely to reach $650 pre-split.  Without any new hardware, even with the split coming, investors aren't going to give away any more money to Apple to drive up the share price.  Investors are busily pouring money into Amazon because of the Amazon smartphone with the revolutionary 3D UI and half-dozen cameras.  Investors see the Amazon smartphone far more exciting than Apple's iPhone 6.  Most of Wall Street is rather certain Jeff Bezos doesn't make mistakes and this new smartphone will greatly cut into iPhone market share.  Amazon will probably offer it at a very low cost and provide lots of free initial content for it just to get consumers to buy it.  It's quite amazing that only a short teaser of the Amazon smartphone has been shown and already Wall Street is going crazy over it.  A 5% share price pop for an unannounced smartphone is only something Amazon could pull off.  Wall Street really has a lot of faith in Amazon.

Apple closed at its highest price in over a year. Dont know what you are smoking.

Amazon is down almost 20% YTD
Apple is up almost 20% YTD

If Amazon has a hard time get 3% market share with a $99 tablet, how the hell will they be sucessful selling $300 phones?
post #74 of 113
Quote:
Originally Posted by melgross View Post

Actually, I'm disappointed. It started out well moving up about $4.50 quickly. But as the market slumped early, it never recovered, even though the market picked up again. The Nasdaq closed up around 1%. I expected Apple to track around that, and break $650 in closing. Came pretty close early on.

Apple has been up 25% since mid April.

No stock goes straight up, even during broad market green days.

I've been anything but disappoint with this stock lately.
post #75 of 113
Quote:
Originally Posted by pazuzu View Post

Breaking Apple news:

Dr. Dre buys Gisele and Tom Brady's mansion for $40M
http://pagesix.com/2014/06/05/dr-dre-buys-gisele-and-tom-bradys-mansion-for-40m/

Who are Gisele and Tom Brady?

post #76 of 113
Quote:
Originally Posted by WelshDog View Post
 

Who are Gisele and Tom Brady?

 

An American football player and his model wife.

Proud AAPL stock owner.

 

GOA

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Proud AAPL stock owner.

 

GOA

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post #77 of 113
Quote:
Originally Posted by Constable Odo View Post

Apple shares completely lost momentum and will be unlikely to reach $650 pre-split.  Without any new hardware, even with the split coming, investors aren't going to give away any more money to Apple to drive up the share price.  Investors are busily pouring money into Amazon because of the Amazon smartphone with the revolutionary 3D UI and half-dozen cameras.  Investors see the Amazon smartphone far more exciting than Apple's iPhone 6.  Most of Wall Street is rather certain Jeff Bezos doesn't make mistakes and this new smartphone will greatly cut into iPhone market share.  Amazon will probably offer it at a very low cost and provide lots of free initial content for it just to get consumers to buy it.  It's quite amazing that only a short teaser of the Amazon smartphone has been shown and already Wall Street is going crazy over it.  A 5% share price pop for an unannounced smartphone is only something Amazon could pull off.  Wall Street really has a lot of faith in Amazon.

Well, it would just mean a bit over two and a half bucks tomorrow. It's possible, unless there are a lot of cold feet.

As for Bezos, the market thinks he's a genius. I don't. I think he's pretty clever though. His biggest talent is making major investors think that huge profits are just around the corner.

This outsized interest in this phone, if indeed that's what it is, seems to be solely due to the fabled 3D UI we're hearing about. If so, that's a mistake. If they do have this then what it shows is that they haven't learned from history. The problems with 3DS films, and with a certain percentage of people getting ill from them.

Nintendo's problems with the 3DS, where they had to put a slider on the thing to cut down and eliminate any 3D effects, effects that were to be used for gameplay, but couldn't, because users from around 13 and below would suffer visual growth I late,ent from it.

And of course, from Apple, whose rather minor 3D effects for the background on its mobile devices reportedly also maki g some people I'll, and which were toned down with an update.

I don't know how this will fare, but it doesn't seem like a good idea. Amazon needed some major feature to brag about, and this is it, apparently. Otherwise, why buy one?
post #78 of 113
Quote:
Originally Posted by chabig View Post

You need a new broker. Right away.

No. That's just the way it works.
post #79 of 113
Quote:
Originally Posted by SpamSandwich View Post

Wel'll see where it goes tomorrow. Could get interesting.

I'd like to see it break $650. I don't know if it's a real psychological barrier or not.
post #80 of 113
Quote:
Originally Posted by melgross View Post

No. That's just the way it works.

No. Any broker should fill an order for one share at the same price and with the same speed as any other order. See post #20 to see several two share orders bring filled at normal prices.
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