Tim didn't say anything against SEC regulations but same info he could have said in public 2 minutes on TV as public info. SEC will tell Tim, next time be careful.
Public info doesn't mean everyone gets it at the same time, just they can potentially could all get it at the exact same time. There are always people who will get it before, even if its by 0.1 seconds... The person who got it at the 1 second mark will complain about it obviously...
You're now seeing why Steve Jobs did not like Wall Street they will bite the hand that feeds them every time. Really someone need to tweet the email. I do not think this help the stock today. The blood bath happen and the vultures sweep in to take what they could before the idiots realize what was happening. It is all paper losses until you sell, and what you will see is the weak stocks will die and never come back and the good companies will see more money pour into them since only the good will still be around.
Of course the stock market is not going to affect China, why because most Chinese with money do not invest in the markets, it is too new of an idea for them to trust, they are like my parent who grew up during the depression the mattress was the only safe place for real money. Most Asian are the same way, why do you see so many Asian home invasion in the US, because they keep their money close to them and other Asian know this. China economy will be fine as long as Americans keep buying goods made in China and the Chinese keep liking expensive things and use their cash to buy it.
No. I think the issue is that you are giving one person a heads up before giving the public at large the same heads up. Next time Apple may want to publish the email in the Apple PR section of their web site simultaneously with sending the message to Cramer. The sad thing is I just saw a news article claiming that the release was a desperate act to shore up the stock price to keep people from leaving Apple. The same site also bashed Apple when they didn't issue such statements so it is darned if you do and darned if you don't.
Yeah. Unlike well-connected analysts, who can leak secret product info, mixed with assumptions and FUD with impunity.
For the past couple of years, Kramer has been incredibly -- and consistently -- supportive of Apple as a stock to buy and hold, rather than to jump in and out of.
Also, he loves his AppleWatch, parading it around and flashing it in his morning show almost every single day.
Lots of stocks came back today, not just Apple. At one point Netflix was down over 16%. It ended the day down about 6.8% but up 2.5% after hours.
Netflix is a ludicrous comparison to Apple. It's a stock with some weird PE ratio in the region of 200x to 300x, i.e., you would therefore expect that stock to be all over the map.
Not remotely in the volatility league of an incredibly mature, stable company like Apple with a PE ratio not even in the low teens (even including the cash).
You're calling someone else daft when you claim a single letter by a single CEO to a single newsman somehow reversed the entire stock market. Oh, which it didn't, because the world markets are continuing as I type this to decline, just as they did before the letter.
Comments
Tim didn't say anything against SEC regulations but same info he could have said in public 2 minutes on TV as public info. SEC will tell Tim, next time be careful.
Public info doesn't mean everyone gets it at the same time, just they can potentially could all get it at the exact same time. There are always people who will get it before, even if its by 0.1 seconds... The person who got it at the 1 second mark will complain about it obviously...
Not that you need to explain yourself, but presumably your buy was very large if you consider it your best trade?
The percentage gain wouldn't change so on a gauge of best % in a day trade....
of all people, why that idiot Kramer?
I applaud AI the use of the use of the word "shenanigans" - love it
You're now seeing why Steve Jobs did not like Wall Street they will bite the hand that feeds them every time. Really someone need to tweet the email. I do not think this help the stock today. The blood bath happen and the vultures sweep in to take what they could before the idiots realize what was happening. It is all paper losses until you sell, and what you will see is the weak stocks will die and never come back and the good companies will see more money pour into them since only the good will still be around.
Of course the stock market is not going to affect China, why because most Chinese with money do not invest in the markets, it is too new of an idea for them to trust, they are like my parent who grew up during the depression the mattress was the only safe place for real money. Most Asian are the same way, why do you see so many Asian home invasion in the US, because they keep their money close to them and other Asian know this. China economy will be fine as long as Americans keep buying goods made in China and the Chinese keep liking expensive things and use their cash to buy it.
Yeah. Unlike well-connected analysts, who can leak secret product info, mixed with assumptions and FUD with impunity.
Tim could argue that CNBC has a total audience of 4 people.
For the past couple of years, Kramer has been incredibly -- and consistently -- supportive of Apple as a stock to buy and hold, rather than to jump in and out of.
Also, he loves his AppleWatch, parading it around and flashing it in his morning show almost every single day.
Perhaps those things matter to Cook.
We don't know that the market turned around because of what Cook said. And Apple was still down over 2% on the day.
sigh! The market did stage a fake recovery on top of Cook's comment. Without the comment we would most likely have a 1000 point bloodbath.
Meh. No one died as a result of this.
That's a rather daft statement.
It was down 13% before that, at its worst point. An 11 percentage points reversal.
Lots of stocks came back today, not just Apple. At one point Netflix was down over 16%. It ended the day down about 6.8% but up 2.5% after hours.
Netflix is a ludicrous comparison to Apple. It's a stock with some weird PE ratio in the region of 200x to 300x, i.e., you would therefore expect that stock to be all over the map.
Not remotely in the volatility league of an incredibly mature, stable company like Apple with a PE ratio not even in the low teens (even including the cash).
That's a rather daft statement.
You're calling someone else daft when you claim a single letter by a single CEO to a single newsman somehow reversed the entire stock market. Oh, which it didn't, because the world markets are continuing as I type this to decline, just as they did before the letter.
Are you a fanboi of Mr. Cook much??