Recent Comments

  • Darren DMW on Postcard from Brač - 'One of my favourite parts of the world. If you cycle into Bol there is a great winery with very interesting local wines. I am pretty sure the tastings were free when we went and the A/C in the old attractive cellars was a nice stop for the kids. Vino Stina or locally Vinarija Stina It’s right opposite the marina. google maps link in the comment awaiting moderation'
  • Darren DMW on Postcard from Brač - 'One of my favourite parts of the world. If you cycle into Bol there is a great winery with very interesting local wines. Vino Stina or locally Vinarija Stina It’s right opposite the marina. https://maps.app.goo.gl/seesMJbdKKBjJTpP8'
  • Gregg Thurman on Postcard from Brač - 'Thanks PED.'
  • Joseph Bland on This week's Apple trading strategies (5/25-5/29/26) - 'So PED’s 1 share of AAPL bought in 2020 for $281 split later that year into 4 shares, which, if he kept them all, are now worth (308.82×4=) $1,235.28 or 440% more. With one more double, they’ll be worth 880% more – and so it goes.'
  • Philip Elmer-DeWitt on Postcard from Brač - 'Gregg asks: Philip, have you got a sense of the cost of living there? Low‑50s on Numbeo’s scale (New York City = 100). That’s for Croatia as a whole. Brač, which is an island, will be more expensive.'
  • Joseph Bland on Premarket: Apple is green - 'Not a bad plan, Dan, IMO. There are two bottom lines I see going forward: Bottom line # 1: Gregg’s right that Investor Sentiment rules the roost on short-to-medium-term investing momentum. Bottom line #2: In rare cases (like Apple Inc [and looking like Nvidia]), there are underlying fundamentals that can and will rule longer term investing momentum.'
  • Michael Goldfeder on Postcard from Brač - 'That’s some very impressive architecture. Thanks for sharing and enjoy your trip.'
  • Dan Scropos on Premarket: Apple is green - 'Good stuff, Joe. You’ve got me thinking about dollar cost averaging my into the stock, in the event it goes a little lower.'
  • Gregg Thurman on Postcard from Brač - 'Philip, have you got a sense of the cost of living there?'
  • Stephen Gordon on Postcard from Brač - 'Gorgeous!'
  • Joseph Bland on Premarket: Apple is green - 'Thanks for the response, Dan. I don’t disagree. Things are in real flux right now with both companies, and so it is with their valuations. And yes, trailing P/EPS ratios are always a measure of what happened to the cows AFTER the barn doors were finally closed. But that doesn’t mean studying them can’t show the keen observer patterns to guide future actions. IOW, a drop in valuation, however it is measured, from 46 to 33 in just a few days is dramatic, and I am simply (1) alerting folks to that having happened, and (2) offering my personal opinion about what the two main things are that I see as behind it, mainly because I’ve literally seen it happen before, in the early days of Apple’s buyback strategy,. Those two main causes being: (1) Nvidia’s massive March quarter net cash increase driving this specific average P/EPS measure of stock valuation down precipitously literally overnight; and (2) the knee-jerk reaction from short term traders whose sentiment appears to be that shifting all that cash into buybacks is akin to lighting it on fire, especially when it is accompanied by a selloff, said selloff resulting in an exacerbation of that huge overnight “devaluation” (which in reality was nothing of the sort) from fast-following NVDA selling pressure. In short, Investor Sentiment soured because most investors haven’t got a clue. OTOH, I guarantee you Nvidia’s leaders are quite happy to see the possibility of buying back undervalued NVDA, just as Apple has been for well over a decade now. And happy as well should be any truly enlightened long term NVDA investors. just like their Apple counterparts. Or – Monday could see folks quickly returning to net buying. I have no magic wand predicting where any given stock, including Apple, will go in the short run.'
  • Robert Stack on Saturday Apple video: Counselor (Get a Mac 2006) - 'And IIRC, at some point Justin Long started hawking PCs for Intel. I guess most everyone has their price – for his sake, I hope it was high.'
  • Hap Allen on Saturday Apple video: Counselor (Get a Mac 2006) - 'I watched that full-screen, freezing it when the ‘therapist’ fills the screen. Take a look at her necklace. Is there any meaning in it?'
  • Hap Allen on Apple at $308.82: Third record high in a row - 'Greg, you made me think about what the resulting share cost would be after a 3-for-1 split. That ‘low’ price could be pretty attractive to new investors in Apple. For instance, a fresh cohort of teenagers. I was stunned just now to see in a virtual tour of the school I attended that the students there have a Bloomberg terminal in the library. Times have changed…'
  • Gregg Thurman on Apple at $308.82: Third record high in a row - '”I’m expecting AAPL to close over $310 next week” I wouldn’t object, but what you are saying is that, at that level, investors see AAPL printing $387 within a year (25% ROI). Using the same theory Ives’ $400 target comes into view with a present print of $320. This is why I believe Ives” target is very reasonable. On the question about when AAPL will split my response would be at about $450, and unlike my previous guess of 2:1, I think it will be a 3:1. On another note I’ve been seeing little changes in search results lately. On of those is a small print alert stating stating: “This search was made with SIRI.”'
  • Robert Paul Leitao on Apple at $308.82: Third record high in a row - 'I don’t believe any of this matters pending the WWDC keynote. IF Apple delivers on AI in just a few weeks and impresses stakeholders around the world, today’s new all-time highs will quickly vanish into the proverbial rearview mirror.'
  • Dan Scropos on Premarket: Apple is green - 'I don’t disagree with anything you said, really, but I would challenge you to dismiss the current Nvidia p/e, as it’s a lagging indicator. Nvidia is expected, as a midpoint, to earn ~$10 in eps over the next 12 months. My guess is it will be closer to $11 … but let’s use $10. Slap on a 30 p/e at some point over the next 12-ish month and you have a $300 print. If they get to $11, you’re probably looking at $330-ish. To me, this thing is cheap NOW.'
  • David Drinkwater on Saturday Apple video: Counselor (Get a Mac 2006) - 'Inch by inch Row by row Gonna make this garden grow mu$ic to my ear$'
  • Rodney Avilla on Saturday Apple video: Counselor (Get a Mac 2006) - 'From AppleInsider: For six months, Jobs personally reviewed and brutally rejected dozens of ideas every week until the agency cracked the “Mac vs. PC” concept. Even during filming, Jobs micro-managed details down to the lighting reflections on the screen.'
  • Steven Philips on Saturday Apple video: Counselor (Get a Mac 2006) - 'It was! That’s why I really hate seeing these two actors in that really badly done copycat commercial for some weight loss drug. It’s awful.'
  • Robert Stack on Saturday Apple video: Counselor (Get a Mac 2006) - 'Best. Ad. Campaign. Ever.'
  • Joseph Bland on Premarket: Apple is green - 'Bottom line: Self-funding is a beautiful, and lucrative, thing….'
  • Joseph Bland on Premarket: Apple is green - 'Finally, I’d once again remind folks that Apple has spent something like $800+ B on buybacks and has a very low average share repurchase price, where I believe NVDA has yet to pass the $150 B buyback level and is therefore just beginning its journey of de-diluting it’s stock float. Yes, it may get where Apple is more quickly, but how much will it have to spend to decrease its float as much as Apple already has? My guess; plenty! And at some point, if Apple truly is diverting its cash flow to some other use, that “better investment oppoortunity” will itself start to increase the cash flow even more, and Apple can then easily once again convert back to buybacks. To the benefit of the stalwart long term investment contingent and their loved ones.'
  • Joseph Bland on Premarket: Apple is green - 'Morning, Dan. I am waiting for solid verification of a move lower for both price and valuation, consistent with the thesis. And even then, Donna would have to buy in. I really do like seeing another solidly run company following the Apple tack. Way too many investors still see buybacks not as a legit way to return investor value but as a gimmick and a waste of cash – and those investors end up (I propose) perpetuating the devaluation by abandoning the stock. Of course, part of that is down to a very large contingent of investors making their ROI by incessant trading/short term investing, since the real winners in this alternative scenario are long term investors. Also, as Apple is apparently just beginning to illustrate and as I’ve begun to appreciate, among other benefits to managing a massive free cash flow with buybacks is NOT having committed that cash flow to the more standard approach of dividend growth, which means you can easily divert the flow without rattling the cage of folks who depend on that dividend income. As regards the third place to funnel cash, M&A, Apple knows that it’s culture is paramount, so that will always be very carefully controlled.'
  • Dan Scropos on Premarket: Apple is green - 'Joe, I’m thinking of doing the exact same thing. Nvidia should have very few obstacles moving from ~$215 to $300 over the next 12-18 months. For me, it nets out some of the long term capital gains from Apple and resets my cost basis, as the NVDA gain would more than cover the tax implications. Not necessarily a bad thing for a 55 year old because tax brackets definitely aren’t going down in the future.'
  • Greg Bates on Saturday Apple video: Counselor (Get a Mac 2006) - '20 years later, and those ads are still really…relevant.'
  • David Emery on Saturday Apple video: Counselor (Get a Mac 2006) - '20 years later, and those ads are still really funny!'
  • Michael Goldfeder on Saturday Apple video: Counselor (Get a Mac 2006) - 'I just saw that Lenovo had some very good earnings this past week in their quarterly report. That bodes for Apple as the “Neo” is still in high demand and apparently the current demand and supply imbalance will still take several months to get caught up. Great news for the long term farmers.'
  • Joseph Bland on Apple at $308.82: Third record high in a row - 'Volume, btw, was right at average volume, which is to say was high enough to frustrate the Max Pain of $297.50, which can be seen lowering the valuation below the intraday high of $311.40. So yes, $300/share has indeed become the new AAPL floor, from which it will now build. IMO. I’m expecting AAPL to close over $310 next week, assuming Trump Black Swans cooperate.'