David Thall on Jim Cramer calls BS on Erik Woodring's Apple target cut - 'David, Yes, I believe the word is pedantic.'
on Jim Cramer calls BS on Erik Woodring's Apple target cut - 'Seems to me to be a special case of ‘Appeal to Authority’ https://www.logicalfallacies.org/appeal-to-authority.html'
on Jim Cramer calls BS on Erik Woodring's Apple target cut - 'Start with two words that begin with P, prediction and precision. Then go on the posturing, posing, pretension, prevarication, and ??. In contrast, our esteemed colleague, Horace grinds out accurate models based on historical data. And then guides our thinking about the implications for the future. That helps.'
on In Texas, Apple lands the Beaumont independent school district account - 'IIRC, it was Oscar Wilde who said that some people know the price of everything but the value of nothing. Chromebooks remind me of disposable fashion – basically junk.'
on Premarket: Apple is red - 'On this day the NASDAQ Composite again reached new highs, closing up 1.05% at 27,477.31. The S&P 500 came close to taking out the all-time high set back in August. The index finished up 0.66% at 7,773.95. Apple dropped $0.80 on the day to $332.89 while NVIDIA jumped 2.12% to a record close of $238.90 and a market cap of $5.77 trillion.'
on Jim Cramer calls BS on Erik Woodring's Apple target cut - 'I guess Erik Woodring is using the same Morgan Stanley process as previous Apple analysts at that firm. (the well respected Katy Huberty among others) They update the price target during the year and if their math adds up to a slightly higher or lower price target so be it. Sometimes the difference has been even smaller than the five dollars a share change this time. Personally I wouldn’t make price target changes of such a small percentage but they certainly have done this at MS before. Of course if you look at Woodring’s record of predicting earnings you would see a big enough error in forecasting you would think they wouldn’t be so precise on their targets which do somewhat have a relation to expected earnings. Kind of like election polls which have an inaccuracy rate of at least a few % either way depending on the polling size math. The bigger the sample the smaller the error range.'
on Premarket: Apple is red - 'This was in the Apple stock app. https://stocks.apple.com/Ahq9ntm9KT1eKWXxN5FBVJQ Out of my area of expertise but sounds good for Apple.'
on In Texas, Apple lands the Beaumont independent school district account - 'Now if Apple can get Keanu Reeves as the Neo spokesperson… 🙂'
on A big bet on Apple at $245 - '‘”Apple has options that expire each Monday, Wednesday, and Friday.” Thanks. I didn’t know that.'
on A big bet on Apple at $245 - 'My comment is if I had sold the puts. If I owned them and exercised them it would mean selling them to someone (putting) for a very big loss.'
on Mark Gurman retails Apple smart home rumors in his first 'Power On' podcast - 'I think Apple is selectively using Gurman. I can’t for an instant believe that Apple’s security is that porous, especially in view of the lack of firings. While some of us greatly dislike rumor dissemination, they do keep Apple in the news. Looking back, when, if ever, has Gurman revealed a major news coup. If my addled brain recalls correctly, Gurman’s “scoops” have always been minor in nature or wrong. Additionally, Gurman knows this and uses these “leaks” to further his career.'
on Mark Gurman retails Apple smart home rumors in his first 'Power On' podcast - 'I seriously question how he gets his information. Either his source is inside Apple, who is probably breaking confidentiality agreements, or it’s outright IP theft.'
on Mark Gurman: John Ternus hangs out in Apple's industrial design shop - 'RPL, thanks for sharing your story. May your day be filled with fond memories and comfort.'
on Mark Gurman: John Ternus hangs out in Apple's industrial design shop - 'Robert, thank you for sharing such a heartfelt memory about your father and your shared interest in Apple technology. I’m sure he remains proud of all you’ve accomplished since with Apple at your side. That’s the mark of how a company, it’s products, and its philosophy shapes the relationship between users and makers, it’s not just a tool, but also a partner in discovery of what can be done together.'
