A place for Apple traders and investors to share their best ideas.
To get things rolling, here's CNBC's Phil LeBeau leading a skeptical Fast Monday team as it analyzes the impact of Thursday's Apple Car story:
Below: Apple vs. the S&P 500 last week, normalized…
Disclosure: Although I am now an Apple shareholder (see Why I bought a share of Apple, my first), I am in no position to give trading advice. Don’t blame me if you drain your IRA doing something you read about here.
See also last week’s trading strategies.
What’s more likely is that the 65% of trades that are one week options (per PED’s story yesterday) will once again take hold – unless, as I said a few days ago, long term investors start showing up and begin socking away a significant percentage of the volume.
We should know soon if that’s happening, because all those one week options will presumably close a week later….
If you woke up after 5 years of slumber and just starting catching up on Apple-related news, you’d be forgiven if you believed that Apple’s autonomous car was its only product. Ralph Nader expected to chime in about Apple’s car in 1, 2, 3…
One gentleman ventured that the 100% increase over average volume (actually only 80%) was a “tell” that it was time to sell.
I guess we’ll find out Monday….
Truth be told, I kind of expect next week to continue the upward trend, if for no other reason than the reluctance of AAPL owners to sell at this time.
As Joseph has so eloquently set forth on numerous occasions, the buybacks by Apple at much lower prices has just been an ongoing source of delight for all long time holders of their stock.
However, the benefits flowing to the daughter of “Geaux Jerry” as a result of his phenomenal savvy back in the mid 90’s by having the foresight in purchasing $3,500.00 of Apple and holding it still today is a story that everyone on this Apple 3.0 site can enjoy along with him!
Geaux Apple!
I started following Apple stock around 2005 after I bought a car that had an iPod port added by the dealership. Bought my first iPod a few years later after more technically proficient friends explained what an MP3 device was all about, and showed me their “wheel” iPod and I was hooked. Then when blackberry went the way of the buffalo I purchased my first iPhone, followed closely thereafter by an iMac and iPad. Then I dumped all of my Microsoft windows computers.
In 2016 I almost pulled the trigger on purchasing my first Apple shares but the stock didn’t fall to the $90.00 level I was waiting on. Instead it shot up close to $200. But I still followed it closely. Then right after it hit around $233 in October/November, 2018, the drop off in sales in China, along with a letter written by Tim Cook discussing the problems in China was released and caused the stock to fall precipitously in December. That was also around the same time Powell was raising % rates, Trump was enraged, imposing tariffs, and roiling the stock market. Once there was a final dip in Apple stock of another $12.00 down to $142 in early January, 2019, I immediately liquidated my assets in the portfolio and dove in going all Apple for my portfolio. A few days later Jim Cramer interviewed Tim Cook about the China sales shortfall, and I felt even more confident after what Cook said about the future of Apple and China in particular.
I’m enjoying this ride and have to thank everyone on this site for all of their outstanding insight, experience, knowledge, and investment stories as it has assisted me tremendously, especially when the economy shuttered due to the pandemic and everything was tanking. It was then that I realized the impact and importance of the Apple buybacks as that allowed me to maintain the course and stay long knowing that Apple had every long term shareholder’s back.
Anyone who has Apple stock ought to be a subscriber to Apple 3.0 and I cannot thank PED enough for keeping this site up, and all of the zoom call guests he has invited to participate with the subscribers has also been an invaluable and ongoing resource to become even better informed about Apple as both a company and its rich history from so many different perspectives and all points on the compass.
“Pride cometh before the fall.” Tim Sweeney cannot back down and do the prudent thing by settling this case as he cannot admit that he was wrong. What’s most ironic is the ruling about Developers being able to contact customers on iOS and trying to circumvent the fees charged by Apple for being able to exist on the App Store, isn’t going to be the tsunami he or anyone else expects. I’m not giving any App Developer an alternative for billing as I’m fine with how Apple protects me and everyone else who wants to utilize their payment service as it’s flawless.
He’s losing huge and each day he becomes even less relevant as the “Metaverse” will move on without him. There are many folks who will create games and surpass fortnight by being able to exist on the # 1 platform known as iOS!