Gregg Thurman on What the midterm results mean for the AI buildout - 'Shorts perform a vital role in the market. Whether the market goes up or down, Shorts set support. As an equity goes down, at some point the Shorts buy shares back in order to return borrowed shares. They bought low and sold high, just not in the order most people understand. As an equity goes up the Shorts buy back the shares they borrowed and sold, supporting further gains in the shorted shares. One thing to consider with AAPL Shorts: most are expressed with options. Calls are sold with the expectation that the underlying shares are going to go down. Puts are bought with same expectation. In either case if the investor is wrong, unwinding the Short position bolsters the longs.'
on What the midterm results mean for the AI buildout - 'Well, it IS electric and those shorts can deliver quite a shock! 🙂'
on Apple price target changes - 'I haven’t run out of runway or patience but if Apple share price keeps increasing I may run out of options …..literally out of options. I mean can an honest trader get a pullback for a couple of months?'
on Apple bungee jumps to $349.51, a new record close - 'The market always loves certainty and the Midterms gave us certainty. I suspect the moderates will be going after tariffs, and the progressives going after investigations/subpoenas. Both will want re-engagement with out allies. They likely both support Ukraine and will work to find a peace with Iran. All those should make the markets happy. we shall see.'
on Apple bungee jumps to $349.51, a new record close - 'Interesting that AAPL has traded above $350 in pre-market, open market and after hours on numerous days recently, but just can’t close over $350. Is tomorrow the day?'
on Apple bungee jumps to $349.51, a new record close - 'I missed the absolute low Monday after hours but I was able to buy a pile that night at 227 to 227.6. I can trade till 8pm at Fidelity.'
on Apple bungee jumps to $349.51, a new record close - 'Man, did all those after-hours dumpers of AAPL following earnings just get spanked! And yes, I’m havin’ a laugh! Congrats to all those who had the gumption yesterday AM to beat everyone to the punch!'
on Apple bungee jumps to $349.51, a new record close - 'I am just elated that the results were so decisive that there was no blood on the streets. I was afraid that Trump was going to pull shenanigans. Go Democracy!'
on What the midterm results mean for the AI buildout - 'Regarding Tesla, I would not bet against Musk. To be clear, I would not bet on him; I do not (nor will I ever) own Tesla stock- too volatile and uncertainty). But it is a fun stock to watch, probably because it always changing. But I would not bet against him. Just ask Bill Gates, who has lost an estimated $1.5 billion to (probably closer to) $10 billion by shorting Tesla stock.'
on Apple price target changes - 'Tim Long at Barclays makes the same insane projections year in and year out. One day the truth will out, because there can be no rational explanation for it…'
on Apple bungee jumps to $349.51, a new record close - 'The market always likes a divided government. Oil drops. Apple had a record 4-Q. Now they’re reaping the rewards by having a first time ever Monday earnings report. BTW, John Ternus was just fine on the earnings call.'
on Apple bungee jumps to $349.51, a new record close - 'And consider the price targets posted here on the previous post… Will Apple have to give back money to meet some of them?'
on Premarket: Apple is green - 'Well, Ternus’s decision to do Earnings before the Election paid off, as any negative views of the guidance were swamped and then some by the election results and positive rising sentiment for Apple and AAPL shares, IMO. A nice, ho hum steady up day for AAPL shares, hitting a new all time intraday high ATIDH of $354.47 (up as high as +$23, +6.8%) and a slight pullback at the close to $349.51, to a gain of $17.61, +5.31%, and a new All Time Closing High ATCH, 2nd in last 5 trading sessions. Volume was a heavy 85M shares. Wonder what the shorts are contemplating now? I’m sure some will say “the stock has gotten way ahead of itself, so I’ll double down and short again from here.” Please do!! I read on a Yahoo Finance page comment that “no way AAPL should be this high, on any normal metric the stock is only worth about $60.” That’s why there are so many haters out there, AAPL stock and its investors can’t seem to understand why every Talking Head wants to rate this company as a simple hardware stock that MUST stick to its 5 year, no, 10 year, no, 15 year PE average (or whatever metric makes it look way overvalued), otherwise the Talking Heads’ heads just explode and can’t make sense of it. Yesterday, one of the CNBC hacks said AAPL was still to rich at $332 and a forward PE of 36, there’s no way it’s going higher with a measly 9-11% revenue growth rate, he said he’d rather own Google here because it’s already been beaten down, and has a PE of only 15, because it’s cheap and that cheap is because its earnings are so high, or its price is so low (at $288 today, it’s down 30% from its $407 May 2026 52 week high, that’s not just correction territory or a bear market, that’s a Crash! ). I guess he loves a bargain that just might go lower if the AI bubble bursts further, I mean it will eventually retake that high, right?'
on Apple price target changes - 'Paraphrasing what Smith-Barney used to say: “Apple makes money the old-fashioned way – they EARN it!” 🙂'
on Premarket: Apple is green - 'Still some oddly contradictory moves though: NVDA and other chip-makers are down, presumably on the thinking that AI datacenter buildout is going to be hampered and chip sales affected… but GOOG and MSFT are still up a lot, despite the catastrophic effect of their AI build-out plans on their financials and their significant exposure to Anthropic and SpaceX for GOOG, and OpenAI for MSFT. Chip prices going down only benefits hyperscalers if the scale of their plans retracts and the demand for chips drops… but then that kills their hyperscaling plans, and kills the frontier model developers’ plans and financials… which maybe the market thinks is a good thing for GOOG and MSFT?? Unless it’s a case of people not really thinking about implications of the Democratic wave, because they never understood the hyperscaler financials in the first place? All I know is I’m still using increases in GOOG and MSFT in the next two weeks as opportunities to sell what I have left of them.'
on Apple price target changes - 'I can see there are a few outliers in this list and some noticeable absences of Bulls (Dan Ives who reiterated $400 price target) who I guess haven’t changed their targets so not on the list. Given the average of this list is 351.45. I am not seeing the wisdom of the crowd in this yet. I think it is underestimating Apple potential positives. And the average is under today’s current 352.65 (at 1:32PM price). So I would likely be disappointed if this average is correct a year out. I am sure there are a lot of different ways to manipulate numbers and just taking the analysts who have changed their numbers after earnings report is not showing me what really might be going on with the analyst community overall.'
