But the question is did i sell my stock. The answer is no. It was a very frustrating time. When you are down tens of thousands of dollars you would understand.
And the truth is Apple was not growing earnings at that time. I put my faith in mr Cook the past year and have netted over $40,000 in profits.
Oh, believe me, I've been down tens of thousands... but never with AAPL. You must have bought-in very high.
Personally, I think you'd better sell Apple if it hits $140... or we'll all have to face Mr. Hyde again.
But the question is did i sell my stock. The answer is no. It was a very frustrating time. When you are down tens of thousands of dollars you would understand.
And the truth is Apple was not growing earnings at that time. I put my faith in mr Cook the past year and have netted over $40,000 in profits.
You put your faith in a man that you believed was a man with a "lack of vision or action"?
That doesn't seem particularly rational, given that you believed that same man was already responsible for a $150 billion loss of equity.
But the question is did i sell my stock. The answer is no. It was a very frustrating time. When you are down tens of thousands of dollars you would understand.
And the truth is Apple was not growing earnings at that time. I put my faith in mr Cook the past year and have netted over $40,000 in profits.
You put your faith in a man that you believed was a man with a "lack of vision or action"?
That doesn't seem particularly rational, given that you believed that same man was already responsible for a $150 billion loss of equity.
What on earth caused this turnaround in faith?
It looks like BIS to me. That's bipolar investor syndrome.
Apple's market cap is $682b, Google's is $364b. When Apple's drops while Google's goes up, it's not that Google is worth more than Apple, it's relative to their respective valuations.
Apple's valuation has more than doubled in 18 months as people have already anticipated ('baked in') the success of the iPhone 6:
Changes that happen now aren't all based on what just happened but more on what happens next, partly based on what just happened. If Apple's competitors continue to fall and Apple repeats the success then it'll keep going up. If they steady out then the valuation will too.
It's hard for people to evaluate Apple properly because they are valued at almost double the next highest company but at the same time, the earnings and cash balance say higher, higher. It's not really important what the valuation is though, Apple will just keep operating as normal and investors are free to decide what that's worth to them. It's not like Apple is earning money from investors, they are earning money for investors.
"If Cook had vision he would have clearly seen the need for a larger screen phone. Bad enough he didn't see the change coming but worse he FAILED to adjust once Samsung brought out the Galaxy S2. Its taking Apple THREE FRIKEN YEARS to finally respond and bring out a bigger phone. What a joke. If they were proactive and brought out the big phone earlier they would have sold 75M phones this quarter."
They sold 74.5m this quarter. Apple always takes their time with things though and all successful businesses do this. Tim Cook said that they can push buttons any time they want to ramp up volume and he said that people shouldn't bet against them. As consumers or people wanting returns on investment, it's easy to push for things to get done now but it's more sustainable playing the long game. Samsung thought they were smart with their 'next big thing is here' but you run out of things to add. Imagine if the very first iPhone had a huge screen, a fingerprint sensor, 2GB RAM, 64GB storage, what would they have sold the next year? That's where the iPad falls down because there's not much to add to it.
This is why some valuations will still be cautious. Google is in a much easier position because all they have to do is sit back and let advertisers pay them for a position on their monopoly board. The more people that go online on any connected platform, the more money they make. They practically own the internet:
The marketshare is around 70% Google, 20% Bing, 10% Yahoo and Yahoo even uses Bing for results so it's pretty much Google vs junk and half of Bing's results will be typing in how to download Chrome in Internet Explorer. Until there's some serious possibility of someone damaging their search business, they're ok.
Apple's market cap is $682b, Google's is $364b. When Apple's drops while Google's goes up, it's not that Google is worth more than Apple, it's relative to their respective valuations.
Apple's valuation has more than doubled in 18 months as people have already anticipated ('baked in') the success of the iPhone 6:
Changes that happen now aren't all based on what just happened but more on what happens next, partly based on what just happened. If Apple's competitors continue to fall and Apple repeats the success then it'll keep going up. If they steady out then the valuation will too.
So you're saying that investors have been ignoring Google but watching Apple vigilantly?
You guys do understand that intra-day levels don't count for anything, right? Call me when it breaks a record at the closing bell, otherwise you're wasting my (and your) time.
It many 'not count' for the guy keeping score, but it sure does count for the person who bought or sold at that price.
You have $117K invested in a single company? You're either rich or an idiot...
if you belive in company i do not see anything wrong with investment into single company, i invested only few times in my life and i did not buy other stock than AAPL, because they have simply best financials, size, stability. So better buy single quality stock than 10 "hyped" companies, imho.
if you belive in company i do not see anything wrong with investment into single company, i invested only few times in my life and i did not buy other stock than AAPL, because they have simply best financials, size, stability. So better buy single quality stock than 10 "hyped" companies, imho.
Completely agree. I think that if you have the depth of knowledge about a company that many people on this forum have, you are probably taking on less risk than someone who throws money around semi randomly in the name of diversification.
There is only a certain amount of money in the world, it is divided up amonst varies sectors, pension funds and mutual funds and money pouring in from 401k funds. It gets allocate across various indexes and asset classes with some very strict rules.
The resistance you call phony indicates a complete lack of understanding how money is allocated over time and a misunderstanding of the structural behavior of the market too.
Once you gain some basic knowledge you won't make these ignorant statements..
Human behavior (as I have said time and again) is individually rational, but appears to be irrational in aggregate, mainly because of rivalrous self-interests at play.
If you understand human behavior is based on self-interest, you will understand everything in the history of humanity.
Comments
yeah I rememebr you said youd sell your shares if it reached $110-120, because you didn't feel Cook was a good ceo. so, are you out of AAPL now?
Oh what a difference a year makes for sog35... lol (from 01/29/14)
WRONG. No growth stock would get a PE of 9 or 10. Which would be $360-$400 based on $40 EPS (flat from 2013)
Because of Tim Cooks lack of vision and action Apple has wasted $50B of its cash hoard on buybacks/dividends and the stock is still down.
Because of his lack of vision and action shareholders have lost over $200,000,000,000 in market value.
So in total Mr Cook has lost investors $150,000,000,000 after netting out div/buyback.
I think that should be enough to get anyone FIRED.
But the question is did i sell my stock. The answer is no. It was a very frustrating time. When you are down tens of thousands of dollars you would understand.
And the truth is Apple was not growing earnings at that time. I put my faith in mr Cook the past year and have netted over $40,000 in profits.
Oh, believe me, I've been down tens of thousands... but never with AAPL. You must have bought-in very high.
Personally, I think you'd better sell Apple if it hits $140... or we'll all have to face Mr. Hyde again.
But the question is did i sell my stock. The answer is no. It was a very frustrating time. When you are down tens of thousands of dollars you would understand.
And the truth is Apple was not growing earnings at that time. I put my faith in mr Cook the past year and have netted over $40,000 in profits.
You put your faith in a man that you believed was a man with a "lack of vision or action"?
That doesn't seem particularly rational, given that you believed that same man was already responsible for a $150 billion loss of equity.
What on earth caused this turnaround in faith?
It looks like BIS to me. That's bipolar investor syndrome.
It looks like BIS to me. That's bipolar investor syndrome.
Maybe the "I" wasn't necessary...
Apple's market cap is $682b, Google's is $364b. When Apple's drops while Google's goes up, it's not that Google is worth more than Apple, it's relative to their respective valuations.
Apple's valuation has more than doubled in 18 months as people have already anticipated ('baked in') the success of the iPhone 6:
http://www.investopedia.com/terms/b/baked-cake.asp
Changes that happen now aren't all based on what just happened but more on what happens next, partly based on what just happened. If Apple's competitors continue to fall and Apple repeats the success then it'll keep going up. If they steady out then the valuation will too.
It's hard for people to evaluate Apple properly because they are valued at almost double the next highest company but at the same time, the earnings and cash balance say higher, higher. It's not really important what the valuation is though, Apple will just keep operating as normal and investors are free to decide what that's worth to them. It's not like Apple is earning money from investors, they are earning money for investors.
He also suggested demoting Cook and bringing Elon Musk on board:
http://forums.appleinsider.com/t/161813/incoming-apple-retail-chief-angela-ahrendts-to-be-named-dame-of-the-british-empire#post_2464677
His estimate was pretty close though:
"If Cook had vision he would have clearly seen the need for a larger screen phone. Bad enough he didn't see the change coming but worse he FAILED to adjust once Samsung brought out the Galaxy S2. Its taking Apple THREE FRIKEN YEARS to finally respond and bring out a bigger phone. What a joke. If they were proactive and brought out the big phone earlier they would have sold 75M phones this quarter."
They sold 74.5m this quarter. Apple always takes their time with things though and all successful businesses do this. Tim Cook said that they can push buttons any time they want to ramp up volume and he said that people shouldn't bet against them. As consumers or people wanting returns on investment, it's easy to push for things to get done now but it's more sustainable playing the long game. Samsung thought they were smart with their 'next big thing is here' but you run out of things to add. Imagine if the very first iPhone had a huge screen, a fingerprint sensor, 2GB RAM, 64GB storage, what would they have sold the next year? That's where the iPad falls down because there's not much to add to it.
This is why some valuations will still be cautious. Google is in a much easier position because all they have to do is sit back and let advertisers pay them for a position on their monopoly board. The more people that go online on any connected platform, the more money they make. They practically own the internet:
http://www.forbes.com/sites/timworstall/2013/08/17/fascinating-number-google-is-now-40-of-the-internet/
The marketshare is around 70% Google, 20% Bing, 10% Yahoo and Yahoo even uses Bing for results so it's pretty much Google vs junk and half of Bing's results will be typing in how to download Chrome in Internet Explorer. Until there's some serious possibility of someone damaging their search business, they're ok.
Apple's market cap is $682b, Google's is $364b. When Apple's drops while Google's goes up, it's not that Google is worth more than Apple, it's relative to their respective valuations.
Apple's valuation has more than doubled in 18 months as people have already anticipated ('baked in') the success of the iPhone 6:
http://www.investopedia.com/terms/b/baked-cake.asp
Changes that happen now aren't all based on what just happened but more on what happens next, partly based on what just happened. If Apple's competitors continue to fall and Apple repeats the success then it'll keep going up. If they steady out then the valuation will too.
So you're saying that investors have been ignoring Google but watching Apple vigilantly?
It many 'not count' for the guy keeping score, but it sure does count for the person who bought or sold at that price.
I bought more stock on Friday and now have over 1000 shares.
You have $117K invested in a single company? You're either rich or an idiot...
Compared with a number of folks here, that is not an extraordinary amount.
You have $117K invested in a single company? You're either rich or an idiot...
if you belive in company i do not see anything wrong with investment into single company, i invested only few times in my life and i did not buy other stock than AAPL, because they have simply best financials, size, stability. So better buy single quality stock than 10 "hyped" companies, imho.
if you belive in company i do not see anything wrong with investment into single company, i invested only few times in my life and i did not buy other stock than AAPL, because they have simply best financials, size, stability. So better buy single quality stock than 10 "hyped" companies, imho.
Completely agree. I think that if you have the depth of knowledge about a company that many people on this forum have, you are probably taking on less risk than someone who throws money around semi randomly in the name of diversification.
No.
Or not.
No.
Source?
/s
Indeed.
And it would have been wise not to fall in love with sapphire.
We all make mistakes, eh?