Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Flipped the bird, but
If Anderson told Jobs that backdating would require an accounting charge - it would have made no difference whether the Board approved it or not, right? Even with Board approval, still requires an accounting charge?
So, why wasn't the charge made? Whose job was it to make the charge?
I sold some calls I had bought a week ago for a 16% gain. Ready for earnings now, I reckon.
Fred settled with the SEC - a fine a returning of some money made on backdated options. No admission of wrongdoing.
http://biz.yahoo.com/rb/070423/apple_sec.html?.v=1
Nice AAPL day. More volume woulda have made it nicer.
I'll be in a dentist chair when earnings get released on Wednesday, but will be home by 2:00 Pacific time.
dilleet, you are right
I was suggesting that the new upcoming revenue streams from the iPhone would lean towards making any such dip less harsh and more brief.
Soft guidance from Apple and disappointment of exuberant expectations may do it next week. I'm ready to buy if it does - but I won't be trying to hit whatever bottom point happens - I would tend to make one buy on any initial drop, if that happens - and to go from there.
dilleet<The only issue remaining with aapl is a share priced for perfection, any slips and they'll run for the doors (and I will silently enter the side door)>
Some of us might enter silently, but I'd be likely to share any buys with the group here. Consider this, though:
I think the possibility of slips is there, but I think it will take a major negative news flash to have more than a very limited impact. The potential revenues and earnings from the iPhone, from subscriptions and data services related to the iPhone, from Leopard, from new iPods, from back to school sales where Mac share among college-going students has been going up, up, up, up - holy cash flow, batman.
So, yeah, I'll be ready for a dip, I might even half-way hope for one, but I don't think it is going to a large dip, absent really awful news / long iPhone delay.
issue is dead
Thatwas my take on the article. I hope you are correct. That leaves us market share, smooth product introductions etc.... for buying opps. It will be interesting to see how the share price is affected, if at all, by this article and its viral spread around the mac world.
Audio zealots *grin*
AAPL only goes back about 25 years....
A great laugh
Earnings, etc...
The other day marked the third time I had sold out AAPL due to, perhaps, extreme caution. Sold at 89.80, lock, stock and barrel and wrote that I was not buying till after earnings on the 25th.
I did buy back some of that position yesterday at 90.86. Also opened a small Jan 95 call position (WAAAS) at 10.00.
I expect to make a lot of money from Apple over the next couple of years. Still have some hesitation due to potential option liability issues, and will be cautious until that is settled.
Down Memory Lane
Remember when product introductions by Apple were a signal ofbuying opp ahead - triggered by fumbles in supply, etc.
Anyone else have those memories recently?
ripping vinyl
I heard a story on NPR yesterday about USB turntables.....
OT Bootz: Credit Suisse raising cobalt price forecast 67%
April 13 (Bloomberg) -- Credit Suisse Group raised its price forecast for cobalt, a metal produced as a byproduct of copper and nickel, by 67 percent because of rising demand for the metal in the aerospace and gas-to-liquid industries.
Cobalt will average $25 a pound this year, compared with a previous forecast of $15, Switzerland's second-largest bank said in an April 12 report. Cobalt with 99.8 percent traded this week at $30.625, according to data from publisher Metal Bulletin. Prices may rise to $40 by the end of 2007, Credit Suisse said.
The metal is an ingredient in high-temperature alloys used in jet engines. Cobalt is also used in catalysts that help to turn gas into liquid fuel, and in rechargeable batteries.
The bank said it expects ''new demand from emerging markets, such as China and India, where the launch of low-cost airlines in air travel and mobile phone usage are set to multiply among an expanding middle class.''
Cobalt stockpiles will fall and potential supplies for new projects may be delayed, London-based Credit Suisse analysts Eily Ong, Jeremy Gray, Hannah Kirby and Ephrem Ravi said in the report. Demand will exceed production through to the end of 2008, due to limited new production starting up, Credit Suisse said.
-END-
http://www.formcap.com/s/CobaltNews.asp?ReportID=181196&_Type=Cobalt-News&_Title=Cobalt-Pric...
dilleet slowed leopard didn't too much damage to aapl's share price, I may even buy some.
I think many of us will - not a question of if, but of when. I will probably look at it again after earnings and guidance - on the 25th, isn't it?
In the meantime, natural resources and precious metals did a ton of good to the portfolio yesterday.
Richard Russell - text at URL at the bottom of this post.
http://www.321gold.com/editorials/russell/russell041207.html
Liking gold even better today.
Added some MFN this morning and now holding MFN, GLD, SLW, GLE, AUY, and SA. Got uranimania covered with URZ and GPXM as my molybdenum play. That and a lot of cash.
Positive eventually
Could make the holiday quarter a killer.
I am hoping for a window of opportunity for a couple of buys at lower price levels.
Yeah, I like it - particularly SA today :). I hold a core position in gold. I am a bit over that now. Absent any announcements that gold and silver miner OS's are going to be delayed, I will continue to.
Sold all my AAPL this afternoon
on news of delay in Leopard, the new OS.
Will buy back sometime this summer/early fall.
I sold all my AAPL @
88.90 and 89.91. We'll see what happens.
The iPhone has been in development for 2 years, according to Jobs
I agree it is too late to do anything about it now - but this hearkens back to a time with product introduction snafus were the way things were at Apple. You could trade on it - I reckon some of us forgot that with the smooth switch to Intel, but I have to admit those memories have crossed my mind a couple of times in the past month or so.
I think given the options, delaying the iPhone would have been far more costly than delaying Leopard - but we have yet to see what Apple does to ease Fear of Upgrading Without Leopard.
It also makes you wonder how many
GD programmers they could hire with that 12 billion in the bank. Sheesh.
Tomorrow not pretty
Supposed to rain all day here. This morning I sold calls I had bought earlier, so that has me feeling a little better. Thought of buying puts, but get this....thought I would wait and see if there was any NAB announcements that would run the share price up a bit first. Ha Ha Ha .
I was thinking Apple might get spanked at earnings if Mac numbers were on the light side of estimates, which is why I was considering puts - and I was going to buy Jan 08's to provide some insurance against other possible negative events.
Oh well. Didn't buy too early last year, bought too early this year. Hopefully it all averages out and we do all right over the long haul.
Tomorrow not pretty
Supposed to rain all day here. This morning I sold calls I had bought earlier, so that has me feeling a little better. Thought of buying puts, but get this....thought I would wait and see if there was any NAB announcements that would run the price up a bit first. Ha Ha Ha .
I was thinking Apple might get spanked at earnings if Mac numbers were on the light side of estimates, which is why I was considering puts - and I was going to buy Jan 08's to provide some insurance against other possible negative events.
Oh well. Didn't buy too early last year, bought too early this year. Hopefully it all averages out and we do all right over the long haul.
Leopard delay
Is this the buying opp we have been waiting for? I dunno, but it is going to be a tempting one, to be sure.
Citigroup weighs in on AAPL
http://www.appleinsider.com/articles/07/04/10/citigroup_weighs_in_on_leopard_3g_iphone_and_new_ipod_....
This was posted over on SI's Apple Inc board
convert from Divx AVI to H.264. for AppleTV
http://www.applegazette.com/appletv/30-days-of-appletv-day-10/
Wow Blue
thanks so much!!
Apple TV Ad
song should have been He's a Maniac, maniac you know :).
I ready for the rest of them.
and aapl
Of course :).
Holding MFN, GLD, SA, AUY, SLW and GPXM in the metals. EOM.
Blue, iTMS sales charts
I appreciate the work you do.
Are you tracking any of the video sales (TV shows, movies, etc.)?
Blue, the as of 4/9/07. I have not found an as of date anywhere. It was announced early this morning. I suspect the "as of" date is earlier than that. How much earlier? I dunno.
11 million would be in line with a lot of estimates I have read, and a little ahead of some. Probably a wee bit behind those from some of the more enthusiastic analyst/boosters .
NEW YORK, April 9 (Reuters) - Apple Inc. (AAPL.O: Quote, Profile , Research) said on Monday it has sold 100 million iPods since launching the digital media player in November 2001.
Apple said its iTunes online music store has sold more than 2.5 billion songs, 50 million television shows and more than 1.3 million movies.
When you say 40% AAPL, that sounds like 40% of your stocks - I don't slice/dice it that way, I use my entire portfolio for the denominator.
I have multiple portfolios
The 401k equivalent I have (457 plan), I do not get many choices. They are
Large Cap growith,
Large Cap value, Small/Mid cap,
Intermediate-term Bond,
Foreign
Balanced
Short-term fixed (money market)
In the 6% of my salary that the state puts into an Individual Account Plan, it is managed by the Oregon Investment Council. No choice on my part there.
The IRAs we control.
When I report percentage of holdings, it is in the IRAs. I control them. I buy and sell stocks and options there.
General rule of thumb
Is it better to have a more concentrated stock portfolio in companies you know well than to have smaller positions on inadequately researched companies?
Mutual funds do the diversification dance for me. In terms of individual stock holdings, Apple and metal miners have carried the ball for the past few years, with occasional forays into others (ADBE, as one successful example)
I think those areas will be winning ideas for the next year or two - though there are notes of caution as with everything.
My stock accounts as of now are 37% cash, 35% metal miners, 40% AAPL. The mutual fund portfolio is about 85% cash and the rest in international funds. The majority of the Apple shares have stop loss orders in place. Still can be a bit scary .
Watching the Masters Golf tourney
Gonna smoke a couple of chickens tomorrow
Apple wood
Thinking and turning things over in my head about Apple's prospects. Soon as the options backdating thing is put to bed, I think I'll go way overweight instead of the current merely overweight.
Business Week on EMI deal
Just read it. Interesting. On target or off-base? I suspect close to target and if so a potentially big win for Apple, iTunes and Quicktime.