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AAPL Unhalts Red (Under $580)
After hitting $605 in pre-market, and halting at $599.32, we see AAPL reopened at $580 -down from Friday's close. Volume is relatively low, so we can assume AAPL is not buying its stock just yet. More importantly, could this be the start of rotation from hedge funds to dividend funds? Those who wish to join the Apple call can do so at (877) 616-0063, passcode: 592016. As a reminder, and as updated on the call, of APPL's $98 billion in cash, $64 billion is offshore - this means that $34 billion is available for immediate distribution and so to cover the $45 billion program, we assume some healthy repatriation will occur? In this context, Apple admits it has has spoken to Congress and the administration about tax issues relating to cash repatriation. One can imagine the plot layout.
As the call began, AAPL had inched back up to $592
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Unloading to granny. Dividend allows for mutual funds to invest. Granny holding the bags while fraud st. sells. Sooner or later apple will go down due to competition, the next hot thing, and margins.
Grammie is on the phone.....she wants to know what distribution is?
If the Bernank & Crew have assumed retail Joe & Jane 6 Pack are not coming back in no matter what, this would be an opportune time for The non-Federal Reserve-less bank to expedite its true mission of popping one of the most recent bubbles it has created (in equities), in order to get its members paid in convertible fiat (while the converting is good), and maybe have the ancillary benefit of boosting the simultaneous bubble in 'risk off' assets such as treasuries, which have lost several key buyers of significant impact lately.
Ben Bernank blows bubbles.
Nice gas bubbles too, $3.20 to $4.20 just in a week here. The last time we had 'Irrational Exuberance' gas cost $1.30 DOW was 14,000, now we've got a depression, $4 gas, yet its all 'good times', uh huh yea we'll see how long that lasts.
Greece good news is over..
AAPL good news is over...
Lets see hwo the markets will act after all this Bullshit.
Spot on observation.
DavidC
AAPL is the Stockmarket Index
aren't they good
the PPT is doing a wonderful job
iDiots
and have you noticed there are VERY FEW stories about the launch of the IPAD3 over the weekend..........no stories with pictures of lines around the block? (maybe a few on Friday, but NONE over the weekend)...hmmmmmm
Well I dont know anyone myself who bought one. Hey as long as Bernanke says he wants to create 'irrational exuberance' again with gas at $5, its all good. $600 stocks all the rage, while businesses shut down left and right.
Was in the mall this weekend (travelling for business and thunderstorms ruined the tourism plan). Yes the stores were PACKED. Facebook was also packed with fanboys and girls posting pics of their new ipads.
So yeah, they are selling them.
http://www.walmart.com/ip/The-new-iPad-Wi-Fi-16GB-White/20573252
Online $499.00In stock for:
HEY! Didn't you know that the "new IPAD" (not IPAD3 - lol) is the inflation fighter? Although it costs the same (or more) the DC whizbangs have it lowering inflation about 12% due to "increased technology". NOW you can understand the absurd inflation rates reported. (I love my IPAD2.)
Hey Zero Gov,
You can call off the meatwagon for Reggie.
Yes for now
Apple juggernaut just changing gear
I always fall asleep on these calls. Either that or I play a game on my iPad.
No sleep. Get ice for body wagon. Chop chop.. quickly now...
In a non-manipulated, non PPT market, I would place some short positions as the apple falls from the tree. But knowing how things really work, I doubt the Apple will be allowed to experience Newton's law and I have no doubt my investment dollars could be turned into mincemeat pie.
Newton's first law:
Every object in a state of uniform motion tends to remain in that state of motion unless an external force is applied to it.The external forces will actually keep the Apple object going up as long as it is intheir best interests.
Newton's third:
III. For every action there is an equal and opposite reaction.Keep printing money, gold goes upwards. Think I'll stay with my PMs and mining shares!
It is not that Apple is invincible. Their future success comes from a continually expanding offering of products almost that have captured the imagination and are almost guaranteed to be hits. 99% ff other companies (I almost said countries) would LOVE to be in Apple's shoes since a "drop" of 100 points still leaves it near $500 -an incredible price.
Well, make sure you buy a lot then.
Sooo...they passed the stress test?
Apple yes, Greece no
the 3rd version (bailout) of iYoghurt looks still to be in a death spiral
hahaha 1.7% dividend....bullish for 10Y UST?
Discounting is a bitch. $2,65 per Q implies $80. share buyback is ~2%, inconsequential. So for this stock to keep flying cf needs to rise at an unbelievable pace. Priced to beyond perfection.
Apple wasnt good to buy 45% lower a couple months ago but now Apple and CB's are buying it at $600 like its cheap? I just dont believe it. Who do they expect to sell to?
Nasdaq 100 futures back to green, AAPL up to $595
High stakes gamblin, putting up $600 to make $5 per....well I hope theyre having fun without me because theres no way I'm touching it.
Bernanke can shove his 'Irrational exuberance' because gas here just went 'green' all-over $4.
Apple embodies everything that is wrong with this country. Apple is suing Samsung and Motorola Mobility (Google's Zoom) attempting make their respective Android devices illegal bc in a free marketplace Apple cannot survive against Android or any other non-DRM protected junk-by-design.
Same crap RIMM did, bunch of crooks literally who pirated their devices and worked to make all others illegal.
It's the S Apple P 500, not S&P anymore, and its the NAppleSDAQ. It's the only stock that matters anymore. 4% of the SAppleP. 12% of the NAppleSDAQ. This is retarded. I admit I rode the wave and made a butt-load owning this stock, but I just sold because this recent move is just ludicrous.
Respect to you!
NASDApple is easier to say out loud.
Same whiner crew that has lost their shirts owning gold and silver since 2010 and shorting the E/S - AAPL is a wonderful company with many, many years of growth left. My 22-year old daughter tells me that it is "uncool" to using anything BUT an AAPL product. That won't change any time soon.
Just BTFD. Stocks are heading WAYYYYYY higher.
OH your knowledge of Apple is based on your daughters comments who told you Apple is cool, and of course is only heading far higher then....so youre all-in then right?
hahaha!
It's Cool!!!!! "Bruh"!
Just think, if his daughter puts in $30,000 in AAPL, the dividend will buy her one 'free' iProduct every year! She'll be the 'coolest' person in her group! Give her the shares for her birthday, and you'll be "Best Dad 4evr"
Your Jezebel has converted to a AAPL and is now a programmed consumer of all things AAPL.
There is going to be a dip?
I just want to know if theyre now so smart to buy Apple at $600 why wasnt it a far better buy at $400 just a couple months ago? Somethin stinks.
Seriously? Holy fascism, Batman!
AAPL will not repatriate a single buck, they will place bonds @ lower interest rates than US treasuries and keep the cash offshore, for what reason soever.
clever Apple
0bama wants his cut for his campaign. Scumbag liberals.....
As a person who is a citizen of the US, I pay taxes on money earned anywhere in the world. I call on Mitt Romney to state that now that he conciders corporations people, they too will pay taxes on any moneys earned in the world if they do business in the US.. (I tried and couldn't type that with a straight face.hehe)
"In this context, Apple admits it has has spoken to Congress and the administration about tax issues relating to cash repatriation. One can imagine the plot layout."
Lots of new free expensive toys for a few, already very rich officials and various bureaucrats. Same plot as always.
The Government has guns and muscle, the corp. have money, they learned along time ago that a syndicate requires both. Like dipping your chocolate in Peanut buttter, it's Gooooood, until your teeth rot out.
And then you learn the Opiates have a short tolerance and want more of the good stuff.
Either that or start drinking again.
9 years ago AAPL was 10/20 bucks.. Now at 600 they want to do share buybacks.
The MBAification of a trailblazer.
So AAPL is monetizing the profits (debt)?
The buyback will take place over 3 years.
Apple will not survive three years in it's current state.
for sure apple may be better served issuing a 3yr note yielding 2%, but then again, they can just do an Interest Rate and Currency based swap with some other foreign national company that needs foreign currency loans, swap yen, euro, pounds whatever for dollars back home and pay for the divvy, I am sure GS has some great deals for them....Repatriation means taxes, IRSwaps and CurrencySwaps do not. Great job the FED has done, when companies can borrow for less money then a national treasury. Then again this is about keeping status quo and continuing the rape and pillage of all commoners.
Apple Should Rule The World http://www.traddr.com/profiles/blogs/apple-should-rule-the-world