scooter260
Dryer sheet wannabe
- Joined
- Dec 1, 2007
- Messages
- 20
I'm ready to back up the truck if AAPL slides 10-15% tomorrow on the Jobs news. Anyone else with me?
Yep. You kids run along now - and have a good time.I'll just sit in my index funds and watch the fun.
I'm ready to back up the truck if AAPL slides 10-15% tomorrow on the Jobs news. Anyone else with me?
10% off would put the price at $325 or so. Apple was that price just a month or two ago. Did you get a big bonus in December or Jan that would allow purchase of said truck and the means to fill it with shares at $325? If not, what exactly has changed for the positive in less than 2 months such that Apple would be such a steal now at $325 but wasn't worth buying at $325 two months ago?
His value is more in his creative ideas than in his executive prowess, IMO.
Actually, a case can be made for exactly the opposite. It's not what most people would think, but there is something to it, IMO.
Sure, he does have vision. This is apparent when his vision works. But he's had some terrible missteps with his vision. With Pixar, he kept trying to sell the hardware (computers that did animation and special effects). It was his team that kept pushing the 'shorts' (originally just used to demo the hardware) and turning Pixar into an animation studio. He fought it for a long, long time.
Once Pixar had some hits, it was his executive prowess that got Disney back to the table to renegotiate the contract ( Pixar agreed to more films, but at a much higher rate for the remaining contracted films).
With the iPhone, he had vision, but it was executive prowess that got him to wrangle big concessions from AT&T - up until the iPhone, it was the carriers that called the shots with phone design and how the software worked. Jobs turned that around.
There are more examples (NeXT), I'll suggest "The Second Coming of Steve Jobs" for some more insight.
-ERD50
Reminds me of the Berkshire Hathaway conundrum.Over a couple of decades, I've always bought Apple stock whenever its price tanked. Every time people were writing off the company, I bought as much as I could, then sold it when it got back high enough to make me nervous.
Made a lot of money doing that, time after time.
Apple announced blowout earnings and after-hours, spiked over $353/share before settling down in the $345-346 range.
I think they just did.People need to value Apple without him.
I'm just referring to the traders and emotional investors who have made this technique work so well before. The problem with the technique is [-]margin calls[/-] waiting for the rest of the market to recognize one's prescience.If you short Apple you have some serious cojones...they have a cult of followers that will buy anything the company produces, even if they don't need it. Add to that the 60 billion cash on hand and it looks too risky to short to me.
Now if you were to say short Netflix, I could get behind that. Or maybe even Las Vegas Sands.