Tweet
I am hoping the good earnings will give some strength to this 130 area and turn it into support. My stop is at $120 for now. I'd pull that stop up a few bucks if this 130 area is respected for a while.
-
Math doesn't lie, but people do. -
May be a steal at this price. Could have pocketed some nice cash selling covered calls. A victim of a crummy market. Time to buy?
--------------billyComment
-
Is selling covered calls allowed in an IRA? Hmm... Hadn't thought of that.Originally posted by billyjoe View PostComment
-
River, Yes they are ! JeJeJe!
-----------billyComment
-
Unless Apple breaks into some new market area, I just can't see this price level holding. It seems to me like Apple sells a phone that has leveled off in popularity, and a few computers to a niche audience that is loyal, but not large enough to justify this valuation. A few years ago the iPhone was a world changing device and it was way better than the competition. Now there are a number of Android phones that have surpassed the iPhone. The desktop and laptop computer market to consumers has shrunk. A lot of those people use their phones instead of a computer and this is the market segment that buys Apple's niche laptops and desktops. This is why I think without a new product, I can only see sales and profits fall here and this love bubble for AAPL stock popping.Math doesn't lie, but people do.Comment
-
Warren Buffett disagrees with you.Originally posted by blindsquirrel View Post
Warren Buffett’s Berkshire Hathaway Just Quadrupled Its Apple Stock Bet Jen Wieczner Feb 14, 2017
Apple stock just hit an all-time high for the second day in a row, and Warren Buffett seems to think it can go higher still.
Buffett's Berkshire Hathaway (BRK.A, -0.32%) nearly quadrupled its stake in Apple (AAPL, +0.45%) in the final quarter of 2016, the company revealed in a securities filing late Tuesday.
That makes Buffett's insurance and investing conglomerate one of the tech company's ten largest shareholders, owning more than 1% of Apple stock, a monster holding currently worth more than $7.7 billion. What's more, it has already been a profitable investment for Buffett. Thanks to Apple's breakout 17% rise so far this year, Berkshire has already made more than $1.1 billion on the stock in 2017 alone.
Tim - Retired Problem SolverComment
-
Buffet is certainly smarter than I am! He must know something I don't know.Math doesn't lie, but people do.Comment
-
Watched that video... They said Buffet's "officers" made the investment, but I'd assume they use the same criteria that Buffet uses to select companies to buy. Maybe Apple has some moves coming that will fix what I see as a problem with them.
I work in IT and I see their products from a system support perspective - their footprint is smaller and their gear is less and less exclusive. For Apple that has been their "moat" - their stuff was better and more cool than the competition. The Google Pixle for instance is every bit as good or better than any iPhone out there. Google's "Apps for Business" is growing in popularity and so is the ability to integrate that with your smartphone. I see more and more people who used to own an iPhone come to me with their new Android. iPhone = Apple. Without a dominant iPhone that Apple share price SHOULD crater. http://www.businessinsider.com/apple...e-chart-2017-1Math doesn't lie, but people do.Comment
Comment