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Apple reports after the close today. I have no idea what to expect but the chart does have a bit of a bull flag so just to have a little skin in the game, I just bought a few shares at 99.90. Roll the dice....
 
tsptalk said:
Apple reports after the close today. I have no idea what to expect but the chart does have a bit of a bull flag so just to have a little skin in the game, I just bought a few shares at 99.90. Roll the dice....
Click to expand...
A snoozer reaction. I sold for $101.
 
AAPL has been trading at all-time high's for a few weeks now. It's been so under the radar because it doesn't have that well-known giant $700 price tag anymore after the stock split (1:7). This chart shows it trying to break through resistance set by it's all-time high 2 years ago. A few weeks ago it gapped up through the resistance and didn't look back.

AAPL 5NOV14.jpg
 
Re: $ Plus: TSP System

I just can't believe Apple. It continually dumbfounds me. $760B market cap, +20% YTD, +62% 1 yr return, +242% 5yr, +2,516% 10yr. Incredible....

What scares me is that it is the largest (by far) publicly traded company and all they own is IP. How is Exxon Mobile at half that ($364B) despite owning vast amounts of land, wells, drilling equipment, refineries, etc?

Maybe I should just drink the Kool-Aid too. :blink:
 
Re: $ Plus: TSP System

Apple is a Monster! $58.0 billion in sales in one quarter, and their margins are much higher than most. Tons of cash (almost $200B). Low P/E.

The stock was up after hours, but not a whole lot, but enough for the chart shows it's breaking out to new highs from a big cup consolidation formation. The only question is whether it will form a cup and handle first.

042715b.gif



Cup and handle...

cuphandle-jbl.png
 
Wondering if this move is indicative of "speculators and traders" slowly cashing out of AAPL? Hard not to see the attraction as a long-term investment but I bet a lot of folks have portfolios that are seriously "overweight" on AAPL. Good way to raise some cash and put it to work on some other undervalued issue.
 
Apple Guides Lower - Futures Drop

Apple lowers revenue guidance. Futures fall after hours...

010218b.gif
 
Re: Apple Guides Lower - Futures Drop

I'm not normally a buy/hold kind of investor, but Apple below $150 seems like one to hold onto. It was over $230 three months ago.

Just got filled in after hours trading...

Status Filled at $146.44
Symbol AAPL
Description APPLE INC
Action Buy
 
Re: Apple Guides Lower - Futures Drop

Just a little follow up. I couldn't do it. Couldn't hold this long-term and sold AAPL today for a small profit. The fact that the open gap was filled and it couldn't make any more progress was enough for me. I'll revisit.

011419a.gif


tsptalk said:
I'm not normally a buy/hold kind of investor, but Apple below $150 seems like one to hold onto. It was over $230 three months ago.

Just got filled in after hours trading...

Status Filled at $146.44
Symbol AAPL
Description APPLE INC
Action Buy
Click to expand...
 
Re: Apple Guides Lower - Futures Drop

Ya that is a bad look. Downward trend and rolling over like that again. Definitely the safe call. Probably the right call. Good move!
 
Re: Apple Guides Lower - Futures Drop

Goldman Sachs just dramatically cut its outlook for Apple, predicts 26% downside

KEY POINTS

Goldman Sachs cut its price target for Apple’s stock to $165 a share from $187, making the firm’s expectation for Apple the lowest of the major Wall Street banks, according to TipRanks.com.

The firm predicts a 26% downside for the stock because of a “material negative impact” on earnings for the accounting method the iPhone maker will use for an Apple TV+ trial, Goldman analyst Rod Hall said in a note.

“Effectively, Apple’s method of accounting moves revenue from hardware to Services even though customers do not perceive themselves to be paying for TV+,” Hall said.
Click to expand...

https://www.cnbc.com/2019/09/13/gol...ok-for-apple-predicts-26percent-downside.html
 
Re: Apple Guides Lower - Futures Drop

History of Apple stock splits says investors shouldn’t rush in to buy lower-priced shares

KEY POINTS

Apple announced a 4-for-1 stock split in late July, and begins trading on a split-adjusted basis on Monday.

The tech giant recently became the first company to reach a $2 trillion market cap, with pre-split shares reaching $500.

The company’s fifth stock split could encourage new investors to buy, but Apple’s trading history offers a warning.
Click to expand...
https://www.cnbc.com/2020/08/31/his...-says-dont-rush-in-to-buy-cheaper-shares.html
 
Well, During the early days of the Pandemic I took a large chunk of my IRA (previously TSP $$) and invested it into AAPL. Roughly 775 shares. Today I have 3100 shares at a buy price of roughly $52 per share. Although my portfolio did drop about 25% by March, this AAPL pick has propelled my portfolio beyond my 2020 expectations.

I finally feel like that blind squirrel that found a nut.

I have placed to stop orders. One for 1100 shares at $130 and one for 1000 shares at $127. Hoping they never drop to that level but hey......
 
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