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LSU0358
LSU Fan
Member since Jan 2005
4963 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

does that sound like a suffering company?


I'm not saying the company is suffering. I'm saying there price action over the last 6 months does not look like a stock that is going to go up.

There is a difference.






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LSUTOM07
LSU Fan
Baton Rouge
Member since Dec 2011
431 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

This honestly reeks of manipulation ala gold/silver and some people are about to go long and make a ton of money.


I'm also thinking this is the case. I added more AAPL, SLW (silver), and NEM (gold) today. I'm going to test the "buy when others are fearful" advice.






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CoolHand
USA Fan
Member since Dec 2011
1482 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

Exactly. This stock has a lot to prove before it should be considered a buy IMO.


But what will the price be once it proves "a lot"?

This is why I don't time the market. Like Russian, I assume what is currently known is priced in. By the time you learn something new, it's too late.






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Duck
LSU Fan
Member since Dec 2006
304 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

I'm saying there price action over the last 6 months does not look like a stock that is going to go up. There is a difference.


What would the "price action" look like in a stock that is going to go up?

Can you provide some examples, so that we can make tons of money? If not, don't make ignorant comments like the above.






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Captain Ron
Hawaii Fan
Location: Ted's
Member since Dec 2012
3787 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

Apple is approaching $400....would you buy it before earnings?


Two years ago, it was in a similar position heading into May.

Earnings were awesome, but the stock sagged in May before it started climbing about $400 and throughout 2012.

I'd wait until Jun/Jul..






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GenesChin
Army Fan
The Promise Land
Member since Feb 2012
9731 posts

re: Apple is approaching $400....would you buy it before earnings?


DOesn't apple always seem to fluctuate based on excitement over new product announcements and then success?


I've heard they are working on watches and another thing that potentially could be big.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple is approaching $400....would you buy it before earnings?


I know apple has reached a saturation level that is dangerous. My fiance and I currently own:

2 iphones
1 imac
1 macbook pro
1 macbook air

the problem is....the products work so well, we don't really need to spend $1500+ to upgrade either computer, yes the name MB pro and imac are awesome but the one's we currently have work well enough. I think alot of apple customers are the same way, they love apple but they have what they need and when they do need an upgrade will get apple again, but won't buy every year. The iphone 5 is nice, but we stuck with out 4s bc we didn't want to have to buy the adapter to play the music on our bose speakers.

Honestly apple needs to look into the HP strategy of building utter crap at low prices, I go through 2-3 ACER,HP,Dell laptops a year just bc some of the software I need for work isn't mac compatible. the pc's are just junk, the cheap ones are, can't say I've spent $1000+ on a PC in years



This post was edited on 4/17 at 8:18 pm


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TheDiesel
LSU Fan
Houston via Baton Rouge
Member since Feb 2010
2397 posts

re: Apple is approaching $400....would you buy it before earnings?


Acer builds much better machines than HP and Dell





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jso0003
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4687 posts
 Online 

re: Apple is approaching $400....would you buy it before earnings?


quote:

with $150B


Cash is worth like $112B I think after repatriation.






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LSU0358
LSU Fan
Member since Jan 2005
4963 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

don't make ignorant comments like the above.


Bad price "action", or major declines is kind of like the Suprme Court Judge said about p***ography, "I know it when I see it."

For examples of bad price action, look at AAPL, Gold, Silver, and mining stocks for the last few weeks and months. Trying to buy these after massive drops without there having been any upside or even sideways movement is arrogance at its finest.

For good "price action" look at real estate stocks (Home Depot, Lowe's, Lennar, Toll Brothers) starting in the summer of 2011. Look at DSX starting in late 2012. Hewlett Packard (sp?), Carlye Group (CG) etc. Did I catch these at the bottom? Nope. But I made a nice 15% profit in Toll Brothers and a 20% profit in Lennar Corp. I own DSX at ~$7.25.

Trying to catch the falling knife (or bottom pick) is not a good way to stay solvent. There is a reason a stock or a commodity collapses (percent drop compared to general market).






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
20332 posts
 Online 

re: Apple is approaching $400....would you buy it before earnings?












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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple is approaching $400....would you buy it before earnings?


This is true, but Apple has a powerful brand that is much more powerful than most are accounting for. Im a foreigner and when I visit my country, apple is a sign of wealth so many have it simply for that and many strive to dump their other phones to get an apple phone but they are not subsidized like they are in the US and are thus unaffordable.

Obviously they haven't announced anything new and obviously they are being punished, now Im not a market expert or anything but that's fine in my book, Im buying more everyday bc I know they're not going out of business anytime soon. Frankly it's silly, I own 4 convenience stores that gross about $20M a year in sales, now if sales don't hit $22.5M this year is my business worthless? I mean apple did just net $13B in the last quarter, NET PROFIT, and thats what the market called an off quarter bc they missed estimates. I don't know who on earth feels a $13B profit is missing anything.As of now the market is valuing apple as worthless, saying its sales will go down, its margins will do down and at 6x earnings minus cash, in reality it is a phenomenal VALUE play at these levels. You buy it, sit on it, and great, sales go down and they still profit $10B its a profit a big one too!!!! If they raise the dividend you win, if they fire tim cook you win, if they release a revolutionary product you win......with their sales, this isn't going to $100 or $200 bc frankly at around $175-200 apple would probably use their cash and go private.

The lack of innovation is alarming but you can't release groundbreaking products like the iphone or ipad every other year, it just doesn't happen. How many items like the ones I just listed have other companies launched recently? Let's see how many units google glass sells in the first 2 years after launch. Microsoft launched stores? where i am, the apple store is packed, the Microsoft store you can walk in and it's just another store, no swarm of people.

Bottom line is if you like it, buy it, buy what you see, not what you hear, and I see apple kicking arse and taking names, I dont care what analysts or people are saying, buy when there is blood on the streets.



This post was edited on 4/18 at 10:29 am


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Catman88
LSU Fan
Baton Rouge, LA
Member since Dec 2004
38791 posts
 Online 

re: Apple is approaching $400....would you buy it before earnings?


This whole post is just ignorant on so many levels its hard to know where to begin.

You go through PCs multiple times a year because the software isnt compatible with your mac? WTF x 1000000

quote:

the pc's are just junk, the cheap ones are


WUT?

You know the parts are all the same for years now right?






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3423 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

I see apple kicking arse and taking names, I dont care what analysts or people are saying, buy when there is blood on the streets.


I agree. I see Apple products EVERYWHERE!

BUT, I do not think the stock is based on earnings. It is based on the future. You know, the same way you were contemplating buying Amazon cause the future was so bright.

ETA: Do you think Apple's future is bright? As a very well schooled and intelligent poster once said, Apple died when Steve Jobs did. And he hasn't been wrong, yet.



This post was edited on 4/18 at 10:55 am


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LSU0358
LSU Fan
Member since Jan 2005
4963 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

It is based on the future.


We have a winner, I agree 100%. Stocks are bought and sold on what people think is going to happen, not what has already occured.






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C
LSU Fan
The Woodlands, TX
Member since Dec 2007
20332 posts
 Online 

re: Apple is approaching $400....would you buy it before earnings?


quote:

Apple died when Steve Jobs did.


To be fair, I think apple is worth more now than when Jobs died.






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OnTheBrink
Alabama Fan
TN
Member since Mar 2012
3423 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

To be fair, I think apple is worth more now than when Jobs died.


On paper, I completely agree. And I think every seller knows how much Apple is worth right now.

They need the next big thing, and they need it quick IMO. TV just may be it. But the trend in the stock has been down, and the only explanation is a lack of innovation.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple is approaching $400....would you buy it before earnings?


So coke is saturated the world over and they're not gonna double anytime soon but they acquire and distribute new brands...whose to say apple and it's mountain of cash will never do anything again? I'd rather invest in a company with great products and a mountain of cash vs a speculative buy





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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Apple is approaching $400....would you buy it before earnings?


quote:

You go through PCs multiple times a year because the software isnt compatible with your mac? WTF x 1000000
well my convenience stores have garages attached and I need all data on my computers in the garages and all data doesn't work on macs care to tell me why that's so full of it? It's a very expensive piece of software that mechanics need to get manuals to repair cars. It also connects to obdII machines...macs don't...you see any fancy garages using macs then let me know....moreover even if apple did work with all data te odds I give mechanics with filthy hands $2000 iMacs to work with is pretty slim, $400 pc all day All Data system requirements



This post was edited on 4/18 at 11:40 am


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GrantTheFan
LSU Fan
Baton Rouge
Member since Nov 2010
225 posts

re: Apple is approaching $400....would you buy it before earnings?


Lots of good opinions in here. My strategy is pretty simple and I'm applying it to AAPL. If you believe that aapl will never again introduce new products that the market embraces and buys in quantity, then it's not a buy. If you believe aapl will in the future introduce new products that the market embraces and buys in quantity, it's a screaming buy right now. Either scenario is absolutely possible. I believe they will. For me and the price points I built before opening the position (at 480), the next leg for me to buy is 360. I might lose my shirt, I might win big, who knows. The caveat I would throw out there, is don't use the milk money hoping to get a near-term pop, only use money you're not going to need in the next several years. If you can work with that time-frame, my opinion is that you'll be handsomely rewarded.





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