Bart Yee on Premarket: Apple is red - 'John said “Is there an expected resistance level these days? $125? $120?” Man, I hope those were typos, of AAPL hit $125 you would think the world ended or China invaded Taiwan. Apple would never get down there organically because EVERYONE would have bought back in somewhere around $260-$270, a 20+% drop.'
on Premarket: Apple is red - 'Rodney Avilla said: ”Periodically, my financial advisor suggests that I diversify, although the last few years I thought that he had given up.” **Rodney, years ago, my wife and I considered ourselves “diversified” when we lost about $100,000 in the 1999-2000 Tech Crash. After that we went 100% AAPL and things have gone much better. 🙂 However, in the early years (2000-2010), our Charles Schwab advisor tried *very* hard to convince us to diversify once again. We ignored him and are very glad we did. IMO, if advisors were all that good at making investing decisions, they’d be wealthy from their own investments and living on their own private island.'
on Premarket: Apple is red - 'If I had listened to all the advisors telling me to divest out of Apple I wouldn’t be in the situation that I’m in. Screw em'
on Premarket: Apple is red - 'He recommended shifting from wealth creation to wealth preservation. So he recommends divesting out of stocks (Apple) over the next 18 months into less risky funds. He did not give specific fund names. PS- I have no intention of following his advice.'
on Premarket: Apple is red - 'Alphabet reported after the market closed. The shares dropped $4.28 to finish at $341.91 in today’s trading and are down $9.15 AH on news the company plans to increase its capex spend. The company did report better-than-expected revenue and earnings.'
on Premarket: Apple is red - 'We’re still about two weeks out from AAPL restarting its open market buybacks, so about a week more of profit-locking. Depending on the price by earnings and, of course, what is said in the earnings call, we may actually see an increase in the valuation of AAPL, unlike last quarter’s decrease following earnings. IMO. Why? My guess is that there’s money just waiting for another AAPL bottom to get back on the Apple elevator, aka the submerged Apple beachball. Of course, that will in turn lead to another spate of profit-locking…. Being a long term AAPL holder isn’t for those with weak stomachs….'
on Premarket: Apple is red - 'Apple popped at the end but closed down 0.56%. Is there an expected resistance level these days? $125? $120? Thank goodness we are not like SpaceX. Down 6.7% today, well underwater since the IPO. Will Apple climb next week going into the earnings report?'
on Premarket: Apple is red - 'EUrocrats have no accountability for the consequences of their dictates.'
on Mark Gurman: To soften the blow of price hikes, Apple will offer new leasing program - 'For professionals and enterprises a monthly tax deductible expense works.'
on 1.5TB Mac Studio rumor is the most exciting thing Errol Brandt heard this week - 'Thank you ever so much, Bart, for your truly magnificent work!!! It’s actually shocking the extent to which Gemini is able to respond so fully and elaborately to each of your successive questions!!! Is this the freely-available version of Gemini that is in use when one types directly into the Safari URL bar, or are you using a paid subscriber’s version, and if so, at what level?'
on Mark Gurman: To soften the blow of price hikes, Apple will offer new leasing program - 'I am in favor of Apple offering these kind of programs for their products so consumers have the option of buying the new technology they want without having to pay for it all at once. While I predicted that the price increases would be more palatable to consumers with this kind of program I think Apple has been moving in this direction regardless of the current Ram shortage and price hikes. It just seems like a logical way for Apple to treat its customers who are buying the other products besides IPhones they sell. The IPhone has benefited from all the different payment and trade in options available so why not the other products as well. Now will Apple’s s deal actually be worth while remains to be seen. I assume Apple will make a profit on the financing of some kind so they should get a decent rate of return this service.'
on Mark Gurman: To soften the blow of price hikes, Apple will offer new leasing program - 'I believe the current iPhone upgrade program requires no down payment and allows for a new phone each year.'
on Premarket: Apple is red - 'Gurman today on Samsung’s new Foldable phones…Based on using the Z Fold 8 (wide), I’d reset my expectations of how well the foldable iPhone is going to sell, even at over $2000. It’s going to be a home run. And Samsung will do well too, getting a ton of switchers from within the Android ecosystem. Here’s to a home run for all of us Apple longs and for the shares I bought in LiquidMetal. LOL'
