Absolute nonsense. Lots of "small guys" have created a lot of wealth for themselves with companies like Apple. Including myself, and many others in this Forum.
If they didn't think of themselves as day-traders or have the attention span of a gnat, that is.
Obviously I'm not saying that "small guys" don't make money trading AAPL, I'm speaking in general terms.
And on the flip side, there are lots of "big guys" who get burned and get their asses kicked off wall street.
By the way, I also know a "lot" of small guys who won money in Las Vegas. What can we surmise from that statement?
No doubt private shares would not be as liquid as public shares. But as a long term investor I see that as a positive. It would minimize or eliminate all the computer trading, day traders, and option traders manipulating the stock. It would be purely an investment.
I think Apple could setup a private market place to match buyers and sellers of stock. But also put strict restrictions on transactions. For example new buyers cannot sell their shares for at least a year.
Quarterly reporting will still be required but it won't be like it is now. Usually private stock holders are looking at 5 to 10 year windows instead of 3 months windows. This allows executives to focus on long term goals instead of focusing on beating earnings every 3 months.
But why are these same people coming here bragging that they sold before earnings or went short before earnings?
Their claims would hold much more water if they actual said they did these things BEFORE the big moves happened.
Why the hell would anyone go on a forum, and let everyone know what they are GOING to trade. If you are smart enough, you keep your mouth shut. Sorry, but you are talking to someone who added two zero's to their original investment in two years. I can offer you no proof, you'll just have to take my word for it I've taken my finger off the pulse in the last few years, I'm more about software and innovation nowadays, but sometimes, when you see a sneaky short, you just have to take it.
No doubt private shares would not be as liquid as public shares. But as a long term investor I see that as a positive. It would minimize or eliminate all the computer trading, day traders, and option traders manipulating the stock. It would be purely an investment.
I think Apple could setup a private market place to match buyers and sellers of stock. But also put strict restrictions on transactions. For example new buyers cannot sell their shares for at least a year.
Quarterly reporting will still be required but it won't be like it is now. Usually private stock holders are looking at 5 to 10 year windows instead of 3 months windows. This allows executives to focus on long term goals instead of focusing on beating earnings every 3 months.
What makes you think you would be included in any privatization. Your few hundred (or thousand) shares are meaningless. Unless you're an insider with at least hundreds of thousands of shares, you would have been kicked to the curb like useless trash. When companies are taken private it's because those behind it want it all for themselves. They're not going to include you because these types are not in the business of sharing their money. Especially to strangers.
I was holding 400 shares of AAPL I purchased 3 years ago when the Canadian dollar was at par with the U.S. dollar. I bought a heap of call options just before the split and was lucky enough to turn $10,000 into $40,000 over a few months... I've been investing for over 15 years and this has never happened before, but I got this overwhelming feeling that it was time to sell on July 20th. It was 4:15pm when the feeling hit which was 15 minutes too late to sell, but I did manage to sell at lunch time on the 21st - just 5 hours before earnings were released. I got rid of 350 of my 400 shares! Not only did I time it right, but the Canadian dollar is currently in the toilet compared to the US$ so I got a 28.3% bonus on the shares I had purchased at par! The profits I'm making on AAPL are helping to offset the bath I'm taking on Oil....
I'm hoping to buy back in to AAPL but now the problem becomes trying to predict the bottom... I guess it's low enough now to buy some of it back? Maybe I'll buy 50 shares a day over the next 7 trading days as long as it stays below 120? Anyhow.. I'm hoping that overwhelming feeling was not a one time thing and that it is actually a new super-power...
Good luck to all who are long with AAPL. I hope that the 150 prediction is true (and I think it is) - but I doubt we'll get there before January. March seems more realistic to me.
Anyhow - since I didn't share my intentions before earnings, to stave off being called a liar, the proof is below.
It is utterly pointless to be railing against the market. It is what it is.
All Apple can really do in a financial sense is to use this as an opportunity to buy back more of its shares. However, it may start to bump up against prudential levels of domestic cash available to do that, given current debt levels. At some point, the company may have to start to dip into its foreign cash pile. Let's hope there's a repatriation deal soon.
Apple has actually been issuing interest-bearing bonds to fund its stock repurchase program. With the low interest rates, that makes a lot more sense than using up its own cash - domestic or foreign - that are better invested elsewhere. Many people aren't aware that Apple has been extremely efficient at optimizing the use of its own cash. It's definitely not sitting in a savings account somewhere.
Comments
Absolute nonsense. Lots of "small guys" have created a lot of wealth for themselves with companies like Apple. Including myself, and many others in this Forum.
If they didn't think of themselves as day-traders or have the attention span of a gnat, that is.
Obviously I'm not saying that "small guys" don't make money trading AAPL, I'm speaking in general terms.
And on the flip side, there are lots of "big guys" who get burned and get their asses kicked off wall street.
By the way, I also know a "lot" of small guys who won money in Las Vegas. What can we surmise from that statement?
No doubt private shares would not be as liquid as public shares. But as a long term investor I see that as a positive. It would minimize or eliminate all the computer trading, day traders, and option traders manipulating the stock. It would be purely an investment.
I think Apple could setup a private market place to match buyers and sellers of stock. But also put strict restrictions on transactions. For example new buyers cannot sell their shares for at least a year.
Quarterly reporting will still be required but it won't be like it is now. Usually private stock holders are looking at 5 to 10 year windows instead of 3 months windows. This allows executives to focus on long term goals instead of focusing on beating earnings every 3 months.
http://www.inddist.com/articles/2011/11/seven-tips-sell-private-company-stock-without-violating-securities-laws
Wow. Looking at the requirements, it seems like a private Apple would be a mess for all but very wealthy investors.
But why are these same people coming here bragging that they sold before earnings or went short before earnings?
Their claims would hold much more water if they actual said they did these things BEFORE the big moves happened.
Why the hell would anyone go on a forum, and let everyone know what they are GOING to trade. If you are smart enough, you keep your mouth shut. Sorry, but you are talking to someone who added two zero's to their original investment in two years. I can offer you no proof, you'll just have to take my word for it
I've taken my finger off the pulse in the last few years, I'm more about software and innovation nowadays, but sometimes, when you see a sneaky short, you just have to take it.
What makes you think you would be included in any privatization. Your few hundred (or thousand) shares are meaningless. Unless you're an insider with at least hundreds of thousands of shares, you would have been kicked to the curb like useless trash. When companies are taken private it's because those behind it want it all for themselves. They're not going to include you because these types are not in the business of sharing their money. Especially to strangers.
I'm hoping to buy back in to AAPL but now the problem becomes trying to predict the bottom... I guess it's low enough now to buy some of it back? Maybe I'll buy 50 shares a day over the next 7 trading days as long as it stays below 120? Anyhow.. I'm hoping that overwhelming feeling was not a one time thing and that it is actually a new super-power...
Good luck to all who are long with AAPL. I hope that the 150 prediction is true (and I think it is) - but I doubt we'll get there before January. March seems more realistic to me.
Anyhow - since I didn't share my intentions before earnings, to stave off being called a liar, the proof is below.
[IMG]http://forums.appleinsider.com/content/type/61/id/61507/width/200/height/400[/IMG]
It is utterly pointless to be railing against the market. It is what it is.
All Apple can really do in a financial sense is to use this as an opportunity to buy back more of its shares. However, it may start to bump up against prudential levels of domestic cash available to do that, given current debt levels. At some point, the company may have to start to dip into its foreign cash pile. Let's hope there's a repatriation deal soon.
Apple has actually been issuing interest-bearing bonds to fund its stock repurchase program. With the low interest rates, that makes a lot more sense than using up its own cash - domestic or foreign - that are better invested elsewhere. Many people aren't aware that Apple has been extremely efficient at optimizing the use of its own cash. It's definitely not sitting in a savings account somewhere.