Bill Fouche on OpenAI gets 'oddly personal' with Apple legal - 'DEFENDANTS’ MOTION TO DISMISS ALL CLAIMS TO THE HONORABLE UNITED STATES DISTRICT COURT: Defendants hereby move to dismiss all Apple’s claims against them on grounds that their claims are careless, they are aggressive, and they are oddly personal. The lawsuit is very mean. And it has hurt our feelings.'
on Premarket: Apple was green, turned red - 'About 90 minutes from the closing bell and the major indexes are now mixed on the day. Apple is currently trading off $0.95 at $308.43. Arista Networks is up $12.36 or 6.49% at $202.87 on strong revenue, earnings and forward guidance. Disney is also moving higher on strong earnings. The shares are up $3.01 or 3.07 at $101.19. Let’s see how the market closes out the day…'
on Seeking Alpha recommends selling Apple puts - 'I stopped thinking of Seeking Alpha as having a single opinion about any stock or situation when I learned how the articles were authored. There was no overriding editorial board that reviews the posts and says this is the sites opinion. And the authors who post on Seeking Alpha are a very mixed group. I stopped using the site when I thought it was steering me in the wrong direction by listening to what some of the authors said on the site. I presume this is still the case.'
on OpenAI gets 'oddly personal' with Apple legal - 'Open AI has bigger worries, Open Source, (get the pun OpenAI?). Per Yahoo article Open Source options are taking their high growth area, coding. OpenAI’s CEO thinks he can raise at $1T valuation, which requires high margin and high growth. But his best segment may become commoditized. https://finance.yahoo.com/technology/ai/articles/ai-coding-boom-faces-8-140604386.html'
on OpenAI gets 'oddly personal' with Apple legal - 'OpenAI has registered for an IPO. Altman hopes it will be bigger than SpaceX, with well over $1 trillion valuation. This lawsuit, which happened about a month after OpenAI registered for the public offering, puts a real crimp in that hope. I guess we will see how hardcore Ternus is here. Altman could be quite desperate to settle. If Apple is smart, it will take cash on the barrelhead up front. A lot of it. I don’t trust Altman for anything else.'
on OpenAI gets 'oddly personal' with Apple legal - 'Open AI is going to regret this theft of trade secrets. As will the employees who were involved.'
on Seeking Alpha recommends selling Apple puts - 'At the money for only few months out is flying way too close to the sun for my liking. The day after ER I sold the 12/2028 200’s and bought more shares with the premium. Worst case I have to buy shares at $200 a piece 2.5 years from now…sign me up!'
on OpenAI gets 'oddly personal' with Apple legal - '“overly broad and indeterminate” + “Discovery to be catastrophic” = settle out of court. The ball is in your court, OpenAI.'
on Seeking Alpha recommends selling Apple puts - 'As someone who conservatively held AAPL since 2006, I am being tempted by your words David!'
on China Renaissance cuts Apple target $49 to $280 - 'It’s as even he did not listen to the conference call or chose to believe that what management said was false. “Fundamental headwinds” while demand is accelerating and beyond ability to supply. Exchange rate headwinds, in contrast, are perceived as a loss of growth in Services.'
on OpenAI gets 'oddly personal' with Apple legal - 'Apple’s request for Discovery struck me as overly broad and indeterminate (IANAL). But the OpenAI response sure does NOT reject a lot of the core claims, which will undoubtedly used by Apple to justify Discovery. And I expect Discovery to be catastrophic for OpenAI.'
on Seeking Alpha recommends selling Apple puts - '“…I am recommending the selling of October puts. Specifically, I think the $300 puts offer great risk/reward” I’m way ahead of you. I did exactly that weeks before the ER when the stock price was at $292, and I even recommended it to my brother – who’s been selling Puts for years too, after I explained to him how to do it. In fact, more recently I also helped an old friend who needed to come up with cash, because of his recent divorce. I’ve been selling Apple Puts for well over a decade, “harvesting profits” and have never lost a dime. Excuse me, I don’t mean to brag about it, but my strategy has been absolutely full-proof. Based on the premise that long-term, Apple’s stock price is in an upward bias. When there is a major sell-off – well below the 50 day moving average, I sell Puts out of the money with an expiration that is at least two ERs out – to get the highest premium with the lowest risk. Because what I learned is, the stock price will almost always recover within that time frame. So I wait for the expiration and keep the entire premium. In other words, I never buy the Puts back like most traders. And the few times that my Put contracts got exercised by the buyer – which is very rare – and I had to purchase the underlying stock – I simply held onto the shares maybe a month or so, and ended up making a lot more profit on top of the full premium. Frankly, I’ve always wondered why more Apple shareholders don’t do this. Because as a very long-term Apple shareholder, my experience is it’s very low risk/higher reward. I’m not suggesting doing this with other companies, though my brother does, and he likes the action so sometimes he also does short-term trades and buys them back for a quick profit. But I know with absolute certainty that Apple is a solid bet for selling long-term, out of the money Puts. The worst case scenario is, the market crashes and I’m forced to buy more shares. But we all know what ends up happening after that.'
on Seeking Alpha recommends selling Apple puts - 'I agree with SA. Did I say that out loud? Too bad I’m pretty much all in with my puts and calls. But not in a bad way.'
on Premarket: Apple was green, turned red - 'Apple’s anticipated release schedule could provide a tailwind. With the premium models expected to debut and ship this fall, the likely higher prices will be introduced to The Installed Base’s far less cost conscious consumers. That does two things. First, it allows Apple time to negotiate supply chain pricing and/or seek new component suppliers for the base models in the spring. Second, it may see impatient base model buyers move into the premium segment. Relative to competition outside of China (Huawei), I think Apple is in the best position possible for the current memory shortage. In the long run, today’s higher prices will eventually be tomorrow’s increased revenue. This memory crunch will be relatively short lived, especially as the AI losers start to capitulate.'
on Apple-AI enthusiast Errol Brandt looks forward to Oracle's comeuppance - 'Hi Robert. I’d be happy to talk to you and share my views. Philip can provide you with my cell phone number. Feel free to call me. Best, Mark'
on China Renaissance cuts Apple target $49 to $280 - 'The German banking powerhouse DZ bank also chimed in today and downgraded AAPL to a hold at $310. I don’t know what the bank’s previous position was, however. Maybe $312?'
on China Renaissance cuts Apple target $49 to $280 - 'Irrespective of what we think Apple is doing and how much we think Apple has the ultimate business prowess, it doesn’t matter a damn if the sentiment goes the other way. Whilst we may not like it, analysts do weigh on sentiment. Best not to dismiss out of hand.'
