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209 Hedge Funds Rejoice As Apple Passes $500
Presented with little comment - AAPL trading $503.34:
Why is this good news for the "financial industry?" Because Apple is
now the financial industry, with a record 209 hedge funds holding it (a number that has likely surged in the past 3 months). As Apple
goes, so goes not only the entire Tech index, the NASDAPPLE, the global capital markets, but the entire 2 and 20 model. We wonder how long until LPs ask their hedge fund advisors why they paying management fees when everyone can just put their money into AAPL outright and bypass the whole "hegde fund" mockery.
This earlier discussion may be worth revisiting on AAPL's exponential run...or this on its dominance of the index and the economy...or this on where growth is being driven from?
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Jesus Christ...
I Will Always Love You
iDOW
Yawn....
Gen X stopped paying their mortgages to buy MacBook Pros because their Graphic Design business will pick up anyday now. Gen Y is living at home with their parents after dropping out of college and instead of paying their loans off they spent their allowance on ipads they look at in the corner Starbucks to try and seem cool when they see their (facebook) friends (in real life). Gen Z has never had a job since they entered the workforce three years ago, but they do enjoy using their iphones to discuss how awesome Madonna's halftime show was. "It was biblically epic!"
Mr. L-H, your perspicacious post ought -- nay, must -- be used as a caption for a Banzai creation or some other visual depicting the banality of It All, as, frankly, it sums up Things-i like no other.
...And I have no doubt the X-Y-Z Axis, in their convoluted way, agrees.
http://ny.racked.com/uploads/2009_06_iphrenzy.jpg
Well done.
If we all buy AAPL, and no one sells anything, we will get to DJ 36,000 in no time!
iDOW is celebrating Apple management's financial feat of squeezing profits out of pauper peasants, both here (buyers) and abroad (laborers). Sad that.
http://blog.kimblechartingsolutions.com/2012/02/17-year-resistance-line-...
Only man on the web not buying with both hands here.
Truly a sign of desperation.
The market is hoping APPL will save them with the next Ifraud. They used to make rock solid products when their stock was under $20.00 and they were truly undervalued, now the complete opposite.
tell me a company that is a better buy that is out there
You seek the Robotrader. It will show you the way.
Robo! You seek Robo! Take you to him I can...
Terra Nitrogen, SeaDrill, Newmont Mining. Problem is, however, that they pay you these annoying dividends and then you have to figure out how to spend them.
yeah the 4S is a pile of shit... what a tool fanboy
Funds 'frontrunning' ahead of ipad3 and iphone5 news releases. $600 easy to see from here. Not supporting the move, just discussing the reality of the situation. Personally i quite hate the company.
really, it's practically linear up for American hedonism and consumer stocks. $5 coffees and a proliferation of electronic toys. At least the internet boom had a pretense of productivity enhancement. Today it is nothing but circle jerk social networking and angry birds. Pathetic. Yet if Europe struggles to actually confront some degree of financial reality, it's an excuse to buy 'safe' American assets. And if Europe manages to kick the can again, well yes, the answer is again to buy American assets because who are the real kings of can-kicking? What a disgusting spectacle.
It baffles me what sort of person can afford a $500 stock. What does Joe Smith expect with his 1-5 shares?
Joe Smith had a chance to buy at $80 a few years ago
And his wife never shuts up about it.
I got in at close to 80, and I'm sure glad I didn't listen to Reggie Middleton.
The world baby!!! LOL...
person? there are very few "people" left in the market.
POS got down to $94 during the panic of 2008. What a glorious buying opportunity that was. That is why having some cash reserves is a good idea, buy the stock when it is stupid cheap.
Dude it was way lower than 94....
AAPL low 1/20/09: 78.20
Early retirement. One way or the other.
"Good evening. This is Glenn Beck coming to you from the American Patriot Network studios in Washington, DC. Tonight, breaking news. International terrorist and public enemy Joe Smith was retired on the streets of Los Angeles early this morning after a shoot out with a Federal Blade Runner. Due to the agent's professionalism, no innocents were harmed in the altercation. America can sleep easier now that one of its many domestic enemies has been retired.
"In other news, and somewhat ironically, Apple patriot stock hits an all time high of 5,000,000 Ameros as Chairman Ryan leads cheers welcoming in a new age of prosperity while also cautioning that there may still be need to 'tighten our belts'."
Yea just thinking the same thing, who the HELL picks up the phone and says 'Hi broker I got $10,000 here what do you suggest? Oh 20 whole shares of Apple? You say thats a sure double from here soon? Ok buy whatever price $505 $510 who cares load me up with 19 or 20 shares.'
Insane.
Share split soon then. Or not, after all when the index can't even out together more than one -0.5% down day back to back who cares about fundamentals? At this rate fundamentals will become a historical oddity in the Iencyclopedia brittanica next to the dodo bird . To the moon jeeves!
Also... I can imagine in some hipster wannabe tech start ups that will never make it, if you don't own a few shares and an IPad you're an outcast.
Okay, here's the "logic hammer in the head" question of the day:
You have $500...spend it on:
A. One (1) share of AAPL "hoping" for a double to $1000?
B. $500 worth of silver (physical of course, duh) and not worry about the whole "hope for a double" thingy?
Pension funds (CALPERS, CALSTERS) and mundane mutual funds are probably buying in right now.
If I had bought it above 50 I'd be selling it today.
Steve Jobs is gone - AAPL is parabolic - and isn't GOLD.
Does it run adobe flash yet?
No so you miss half the web
Really? Those farmville types must be gutted when they switch their new toy on.
edit: Seems I'm wrong, there's an app for that.
Dupe.
Hipsters should be hung with banksters and politicians. Fucking douchebag enablers.
Check out TWiT.TV if you want to drown in your vomit sometime...
http://twit.tv/
Hipsters, hippies, yuppies, they all need a reality check.
One share of AAPL = 25 lap dances. Which would you rather have?
did you say "lap" dances or "app" dances?
Another 1000 rounds or 6 months of food.
The topic is which is the best way to waste money.
people are sad, who knew that the key to sucess was simply a shiny box. Apple simply puts existing tech in shiny covers and people go crazy over it.
but then again, these are the same people that buy bottled water. Slap a picture of a mountain stream on tap water and sell it for a buck a pop.
even candy apples, covered by that glazed, sweet deliciousness, eventually rot..............
.
This should be the silver chart.
If not for the efforts of the crooked crew
Screaming short.
Just wish I knew how long before the irrational exhuberance breaks.
ridiculous
a OZ of gold is still better in my hand
It is going to be funny to see them all scurry out like cockroaches when they run out of bigger fools.
so little volume for such a large move
me perplexed
20% YTD return, wow.They'd better take that profit.
I can only laugh at this.
Reggie is either having a hard on or a heart attack
iPad 3 refresh. Big deal.
Apple TV? No details.
iPhone 5. Likewise. All speculation
Foxconn backlash. Could happen.
Last quarter's results due to SJ memorialization. Likely.
Hedge fund hotel? Yup. Could mean rough riding once they spot other desirable assets. (LIke gold sell offs).
A Foxconn backlash could send this back to the 3's in a few weeks. I'm surprised a US manufactuer hasn't rasied the "be loyal and patriotic and buy American" flag and targeted all the tech companies that outsource nearly their entire operations to China. AAPL would be a good candidate to fall fast and hard.
Seriously.
Yanks are currently involved in a great debate over fucking "birth control". Still think Foxconn going to become a big issue?
Americans buy cheap "wal-mart" and buy "aspirational brands". And 90% of that crap comes from China.
See how much "buy america" has hurt wal-mart. Expect the same for AAPL.
great debate over birth control ?? another decade-long one?
please, I beg you, tell me this is not going to happen...
While Canucks build their own computers from moose guts, hardwood, and Maple Syrup.
On point.
The issue is whether " buy american" would impact AAPL.
Nothing about "buy canadian". Which would obviously fail for the same reasons.
Don't worry, the way wages are dropping in the US, Foxconn will be out sourcing production to subcontractors in Kentucky or Alabama to be done by part time temporary workers with no benefits, making close to the minimum wage.( the Amazon/Wall Mart model)
Would be curious to see how much of their revenue is a direct result of easy college loan monies.
[Forrest Gump referring to Apple Computer]
Forrest Gump: Lieutenant Dan got me invested in some kind of fruit company. So then I got a call from him, saying we don't have to worry about money no more. And I said, that's good! One less thing.
http://www.imdb.com/title/tt0109830/quotes
the staircase to heaven; even the swash buckling HFs are taking it. As all others lead to that other place. It all means that the traffic jam on this staircase will be endless and getting off it problematic; when the inevitable upward spike due to herd stampede makes even the richest of fields seem arid, as if leading to cliff edge.
Jack and the bean stalk where r u? Ben of FED.
A little bit of QE3 wil create a knee jerk of serendipity visible even to the clueless. And spread the stampede to other pastures...very dangerous to be all clustered up!
Keep the Foxconn slaves out of sight. Its makes the slave owners so uncomfortable.
Foxconn is really a ticking time bomb. IF a major competitor (Samsung, Google/Motorola, Nokia, et. al. wink wink) played it right, they could send AAPL reeling like NFLX reeled last year. If the details about Foxconn came out on MSM, it would severely damage the AAPL feel-good lifestyle brand.
CNN.com was running some stories on this subject on their home page just a few weeks ago...I hate to say it, but when it comes to Apple products, I just don't think people care about the bad stuff.
It's had a fair amount of splash recently:
http://www.nytimes.com/2012/01/26/business/ieconomy-apples-ipad-and-the-...
http://www.businessinsider.com/angry-iphone-users-to-march-on-apple-tomo...
http://www.change.org/petitions/apple-ceo-tim-cook-protect-workers-makin...
Maybe true. The AAPL consumers really need some gruesome images of Foxconn slavery impressed on their minds day in and day out, not just on CNBC. It would require major media payola, but I think a competitor might have large enough pockets.
You are funny.
People don't care that much about what goes on "over there".
Even if some gruesome images were released. AAPL shuts down that factory, blames it on that particular manager (see Abu Gharib for how that works), and people get to pretend that something changed and keep being their over priced AAPL products.
AAPL is brilliant. It has created an overpriced benchmark consumer product. Won't last forever, never does, but for now, only thing that gets in AAPL's way is AAPL.
People pay hedgies 2% to get 80% of the return in AAPL for them? LOL
Apple shares at $500+, Macbooks and ipads in highschool classrooms. Coming soon; your children's education presented by AAPL
AAPL vs SEIU... not sure which corporation I'd rather have running (ruining) my kids' education.
Where is Reggie?
I'm sure he'll be right on this someday.
I bought this thing at 85 and sold at 349 when I thought Jobs was going to pass away. I was right about his passing away, but very wrong about the price action on AAPL "post Steve". I am kicking myself as I think about the opportunity lost here. DAMN!
Still holding all shares bought at $205 the day before iPad 1.0 launched.
Famous last words from the Dot com bubble "Valuations don't matter with tech stocks"
Think of all the new innovations in the pipeline. The I-toilet, the I-toaster and I-sandwich.
If you dig into the details, Apple is a relatively tiny portion of the average hedge fund portfolio.
There are many other stocks that are positioned for more pain if the hedge funds change from buyers to sellers.
Aapple would not be at $500 if they didn't use Chinese slave camp manufacturing facilities. $200 tops if made in the USA.
So.
For yanks out of sight out of mind. Will be interesting to see how this plays out across Cramerica, once these re-shoring efforts take hold.
They don't sell Apple products in Cananadia?
Yes they do.
And seriously, people could give a shit under what conditions these products are manufactured. Not imputing a moral judgement on this fact, just saying that is the way it is.
Same way that 99% of "aspirational brands" are produced in China under same conditions.
I can take a handbag manufactured from same factory in China, label one Coach and charge $500 for it.Label anothe,r generic brand XYZ, and will have problems moving it for $70. People are more interested in how a "BRAND" reflects on their class status, than they are in the actual product.
So when you use the term "Yanks" you are reffering to Americans, Canadians, and Europeans?
Last i checked it was only a Yank president who was running for re-election on a "re-shoring of jobs.
My point was when "over there" slave labor becomes "re-shored" slightly above slave labor will yanks rejoice "jobs gained" or will they look deeper at what kind of jobs are being gained.
X publicly traded stock would not be at Y if they didn't use Chinese slave camp manufacturing facilities. Z tops if made in the USA.
There fixed it for ya'
So six months to go from $400 to $500 which in hedge fund land means 3 months to go to $600, 1.5 to $700, 3 weeks to $800, soon $100+ moves in one day!!!! WOW JUST LIKE 1999!!!
AAPL always struggles around the "00" numbers. I imagine it might take a few weeks for it to clear, say, $510. It could pull back to $480-460 in the meantime depending on MM strategies on the W options.
apple is my largest position, have made on this stock alone what few can save in a lifetime on a simple decision, to buy
I just had a QCOM flashback.
Thats all you need to know .The buy button on the Etrade website can be your best friend.
They just got a big order in from the Air Force.
Higher it goes, harder it will drop. Apple is a product company just like Nokia, Dell. Although it is undoubtly the best company in terms of execution (people cometimes call it innovation), it has down cycles due to product mix shift. Nokia had its glorial days thanks to its dominant market share, Apple will have a similar thing sooner rather than later.
Step 1: Get them all in one room. Check.
What good is Apple? You can't eat it!
Hmmm, do remind me what is it that comes after gigantic, ponzi-hedged bubbles?
Damn it, it's green shoots!!
....don't forget AAPL is alone now approx 3.78% of the s&p 500....sorry if already mentioned
The AppStore and iTunes are the biggest money makers for Apple, which is what you need to keep in mind when you look at AAPL.
Hardware is not a growth market, in fact, hardware is becoming a commodity, so forget about new iPhone or iPad models, or even an iTV. They are only delivery devices for content. They will be there, but they won't be the money makers and surely don't justify a $500 stock price.
If you think that Apple can grow deeper into the content market, then by all means, buy AAPL.
If you think that AAPL can't, then sell.
ZH has been hating AAPL for the last $250 and ridiculing all teh funds that have been long and have proven to be right.. Even the broken clock is right twice a day.. So maybe when AAPL is up to $600 and sells off to $550 form there Tyler will be screaming "I told you so!"
What could possibly go wrong? A company that buys consumer electronics for $20 in China and then sells to bankrupt Americans/Europeans for $700. They got a lock on that business for sure!!
Hmmmm, should I buy one share of APPL, or 5 barrels of oil and store in my garage?
buy 1000 snicker bars and call it good
Apple sales forecast to slow in: Greece, Portugal, Ireland, Spain, Italy, France, UK, China, US, SKorea, Australia, Borneo, Chad, Chechnya, Falkland Islands.......
Jesse has a great graph of the S&P deflated by gold today.
Apple and the current market is yet another monetization bubble.
Apple should start selling black iPhones and iPads in limited "Tulip" editions.
http://jessescrossroadscafe.blogspot.com/
It's bad enough you guys were all jacking off every time you saw Steve Jobs, now you're all just jacking off on each other. For someone to make money on AAPL, someone else has to lose money on it. Why don't all you geniuses go some place that is out of sight while you're jerking off on eachother
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