3 days agoFrom “Jim Cramer explains why he wants to buy shares of Apple and Nvidia” snagged Friday from CNBC Pro:
My take: For a guy whose mantra is “own Apple, don’t trade it,” Cramer sure sounds like he’s trying to time the market.
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on Look who shorted Apple 'Barry’s SEC Form 16F (below) shows he paid nearly $36 million for those 2,060 put contracts (equiv to 206,000 shares).…'
on Look who shorted Apple 'I’m betting just the opposite, selling puts. Some are laughable. June 2022 puts at $75 sold for $3.15, now cost…' on Look who shorted Apple 'Burry committed long capital in two megacap names (GOOG and FB) equivalent to what he committed in short capital to…'
on The myth of serendipitous ‘bumping into colleagues’ at Apple 'It is irony that around 4K employees at Apple don’t use common sense. i guess these employees will do ONLY…'
on Look who shorted Apple 'You have to admit, this was good timing. No matter when he bought puts during Q1, he’s certainly made money.…'
on Look who shorted Apple 'Intelligent man and savvy investor, but maybe too much a one-hit-wonder to continue trotting out as some reliable guru.'
on Look who shorted Apple '“strike prices or when in the quarter he bought them.” Big money has tried shorting Apple since they went public.…'
on The myth of serendipitous ‘bumping into colleagues’ at Apple '@ Steven: Color me bewildered. If anything, per your numbers Fred vastly OVERESTIMATED the percentage of folks who signed this…' on The myth of serendipitous ‘bumping into colleagues’ at Apple '@ John: That goes in spades for “bulletin board” communication tools like Slack – or even like Apple 3.0 for…' on Premarket: Apple is red 'Folks can blame the fed all they want, but this is all about chickens coming home to roost. The casino…'
Apple reduces risk. Even if things go bad, they will suffer less. When the worries dissipate, they will do very well. In between, buybacks.
Customer loyalty, technology leadership, and integrity don’t go away. We own that by proxy.
Yep. Here’s a fun fact: Even now, Apple is up 91% from what it was 2 years ago. Other stocks, not so much. Amazon has been slaughtered, down 11% from what it was 2 years ago….
Rob Hall has as measuring stick the S&P 500. He regularly goes back to that. When earlier this year (I think) a reporter asked him, after a huge run-up of AAPL, whether Hall rating of NEUTRAL, still makes sense, he in full confidence said that in general AAPL has performed in line with the S&P 500 and consequently his NEUTRAL rating has proven to be accurate. (That’s one way to make a dark cloud look sunny.) Because he has the S&P 500 as his standard—incorrectly, I believe—he is wrong, but because he applies that standard consistently he can take comfort in the fact that at least he is consistently wrong! It may get him into the Hall of Fame. (Sorry, couldn’t resist.)
With you I believe that Apple is in a category of its own. So one constantly has to weigh its own merits, its fundamentals, against the global context.
Spot on.
I’m holding…and amused while doing so.
Panic rarely pays off.
For those Apple investors who are not currently subscribers to Apple 3.0, it’s an invaluable source of information to fully understand and appreciate the opportunity currently being presented by the schizophrenic market action. Much like the security blanket used by the “Peanuts” character; “Linus.” Only so much better!
Good point on Mr. Buffett! Folks who dumped AAPL are feeding the Buffetts of the world, who will stay long and get strong!
During these dips I go way long, way deep out of the money. Can you believe it? People will pay $7.32 for June 2024 $100 puts. How does that compute? Even with a 50% chance of Apple crashing (ludicrous), it would have to drop $85 just to break even.
Thats crazy good! I may do that too and just sock it away.
I usually sell my puts and calls closer to the money (not too close) and shorter in time.
“The definition of capitulation is when people sell what they love.”
A couple of days with volume at about 140 million shares on a stock with a float of 16+ BILLION is NOT capitulation; it is INVINCIBILITY!!!
I am not going to sell what I love.
I am not going to do something that I know to be incorrect.
Also, with a cost basis of $129 on my latest shares (purchased at an increased cost basis to replace charitable donations), $122 on my next most recent shares, (purchased for nonnumerical reasons) and from there dropping to sub-$12 cost per share, Apple would have to completely invert for the to lose actual money.
But paper money is also nice.
I do not look forward to Saturday morning’s Standard Work Metrics.
For me, it’s kinda like Musk’s obsession with 420. Just … different.