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Apple's iPhone sale has sizable exposure to emerging market, particularly China. Recent decline indicates that Asia market condition could impact the upcoming iPhone 7 release. At p/E 15 would you own Apple or Microsoft? I take Apple anytime.
This thread has the sense of tabloidism in it, especially with the gratuitous video embed.
So your thought on the post:
In all seriousness, the Apple situation is fine if someone has even the least bit of long-term view. The watch did not do well and I think is a fair amount of the move lower lately beyond what is going on with China and Greece.
All of the technicals in the world matter to someone who is trading. If you have longer-term view in the company, it's: Did the watch sell? Yes/No. Are people excited about yet another iPhone? Yes/no. Are the few people who bought the watch upset that they are already working on an upgraded one and the first watch is barely out? Perhaps. Is Apple going to do something so that they will not be 70% or so reliant on iPhone sales? Magic 8-Ball says: reply hazy, try again later.
I have already commented. In addition there are countless millions of new investors who put money into AAPL because of its popularity and success. They believe it is a sure thing.
Now the stock drops a few percent and these nervous newbies pull out. The media piled on with debunked stories like the Bret Ahrends hit piece over at Marketwatch. Add in the hedgies and its a perfect recipe to drop a good stock over very little negative news. The smart people have added money along the way. I think the stock will go up from here until the 20th. Who knows what the ER will be or if sell on the news is in effect.
I debated years ago putting $10k into AAPL when it was channeling between $14 and $20. It had just cleared $21. I thought it was expensive so I waited for the next downturn.
It never happened. I always wonder what if regarding that $10k. Makes for good conversation.
Novice investors don't have the patience and long-term view. My only regret is that I didn't own enough of AAPL when Steve Jobs returned to Apple. It has since grow to near the single largest holding in our portfolio.
Comments
In all seriousness, the Apple situation is fine if someone has even the least bit of long-term view. The watch did not do well and I think is a fair amount of the move lower lately beyond what is going on with China and Greece.
http://www.marketwatch.com/story/apple-watch-may-not-be-ticking-with-customers-2015-07-07
All of the technicals in the world matter to someone who is trading. If you have longer-term view in the company, it's: Did the watch sell? Yes/No. Are people excited about yet another iPhone? Yes/no. Are the few people who bought the watch upset that they are already working on an upgraded one and the first watch is barely out? Perhaps. Is Apple going to do something so that they will not be 70% or so reliant on iPhone sales? Magic 8-Ball says: reply hazy, try again later.
Now the stock drops a few percent and these nervous newbies pull out. The media piled on with debunked stories like the Bret Ahrends hit piece over at Marketwatch. Add in the hedgies and its a perfect recipe to drop a good stock over very little negative news. The smart people have added money along the way. I think the stock will go up from here until the 20th. Who knows what the ER will be or if sell on the news is in effect.
*P.S. The video is a hot one. I like it. No worries.
It never happened. I always wonder what if regarding that $10k. Makes for good conversation.