Bottom for now for market or just Apple?
It was their $110B shr buyback, largest buyback in history for any corporation.EnronAg said:
raised the div $0.01...rocket time!
AAPL. But it still has a lot of work to do. And even though they beat, they are still down from same Q last year.bmoochie said:
Bottom for now for market or just Apple?
I know, I was only kidding...that's an insane buyback!!ProgN said:It was their $110B shr buyback, largest buyback in history for any corporation.EnronAg said:
raised the div $0.01...rocket time!
Brian Earl Spilner said:
Spent the last two months buying the dip on Apple.
I'm also skeptical. They have a huge cash pile and spent a chunk of it today to boost their stock price after reporting declining YOY revenue and boasting about their big gain in services. So people aren't buying as many products but are instead buying ancillary support for products.flashplayer said:
We will see about AAPL - they're not as much of a dumpster fire as Tesla has been but their buyback and lack of detail on AI development reeks of desperation and hollow promises to me. I will bump my own post later this year when they are both killing it though.
I just bumped up from 200GB to 2TB in cloud storage last night. Y'all are welcome.Heineken-Ashi said:I'm also skeptical. They have a huge cash pile and spent a chunk of it today to boost their stock price after reporting declining YOY revenue and boasting about their big gain in services. So people aren't buying as many products but are instead buying ancillary support for products.flashplayer said:
We will see about AAPL - they're not as much of a dumpster fire as Tesla has been but their buyback and lack of detail on AI development reeks of desperation and hollow promises to me. I will bump my own post later this year when they are both killing it though.
I agree with your points. I hope they consider a split but I've also seen companies who don't really worry that much with the float issue and are content with attracting long only, institutional investors. They are almost 50% closely held and may be content for now to leave the float as isProgN said:I am not worried about the wild swings at all, or their future earnings, because I've followed it closely for a long time. That said, others in here don't know it like I do and I don't want them to worry that something is wrong because it's down so much.Aglaw97 said:Back to our back and forth on POWL, this is why I've felt if you are in it as a long-term investor (meaning at least 6 months absent some catastrophic event), don't worry with the short-term noise that's inevitable with the low float. They may address this as you suggest through a split or they may take the position that they are fine with the low volume and would rather have long-only, established investors. Maybe they do a secondary offering or maybe they issue shares for M&A, which would increase liquidity. But I don't see a secondary right now just for general corporate purposes. It would likely have to be tied to some capital expansion.ProgN said:Stocks with extremely low floats don't follow technical analysis rules like larger companies do. They could come out AH and declare a 5:1 today if they wanted to. They don't have to wait for an ER. Blackrock could file that they're purchasing another 500K shares. Not saying either will happen, but either one of those would send it north of $250 in a heartbeat.Heineken-Ashi said:But they didn't, so you have to take what the market gives you.ProgN said:Number Monkey said:
Interested on thoughts on POWL as well. My stop kicked in today which locked me in with a 24% return in just 14 days. If the market really is going lower as many of us believe, isn't the better play to get back in after a future market correction?
No one needs to fret about POWL, their business and future are solid. What's happening at the moment is shorts are using the stock as their own personal casino. With POWL having such a small float, it doesn't take much volume to create dramatic movements in the stock price. Shorts push it down, cover, ride it up only to short and profit. That's why they should've split the stock. Larger float makes it harder to manipulate. Shorts are playing with fire though because Blackrock is the largest shareholder of POWL shares. Would you have the balls to short against $10T Blackrock?
POWL should've declared a 5:1 split and it would've put the short's nutsack through a woodchipper.
I did end up taking a position and am happy with it. I'm not concerned with interim noise and believe it has found support above my entry price so long as they don't crap the bed in a subsequent ER.
POWL doesn't have any debt and secondary offering would be the absolute worst thing they could do because the shorts would punish the stock price. Splitting the stock is really their only, and correct option to increase their float. They're punishing their long only investors by not splitting and making them go through these wild swings due to stock manipulation.
Classic writing sir, love your stuff!M4 Benelli said:
All right trying to build this POWL battleship. Since they're around the same price point, traded 50 shares of SNOW for 50 shares of POWL. I don't think SNOW is moving in the short term, but POWL most definitely might. I already been to second base with this lass, and I'm asking her to go steady .
Will add more on a continual drop or flip it again for another second basing at Inspiration Point.
This stock is looking beautiful from a Fundamental standpoint.
Onwards to Valhalla.
Darkpool being recorded to the tape.Heineken-Ashi said:
Anyone see that spike down in AAPL only to completely recover? Data error? Fat finger? Foreshadowing?
bmoochie said:
Bottom for now for market or just Apple?
I will forever picture you as this every time you post nowlobwedgephil said:Darkpool being recorded to the tape.Heineken-Ashi said:
Anyone see that spike down in AAPL only to completely recover? Data error? Fat finger? Foreshadowing?
Great job bulls you did it pic.twitter.com/V7j0VMISUy
— unusualwhales.com Snorlax (๑❛ ڡ ❛๑) (@snorlax_uw) May 2, 2024
Ag CPA said:
Jobs number comes in low, market takes off.
Nothing I hate more than a bad-news-is-good-news stock market, I get it but it just feels dirty.
Traders gonna trap retail hoping for rate cuts.Ag CPA said:
Jobs number comes in low, market takes off.
Nothing I hate more than a bad-news-is-good-news stock market, I get it but it just feels dirty.
Yes, but rate cuts will ultimately be a reflection of bad economic news. Inflation never "tames" on its own, especially in an ESG/DEI centric supply chain that has major supply issues. If we were flush with goods and services, prices could come down naturally with a small reduction in demand.flashplayer said:Ag CPA said:
Jobs number comes in low, market takes off.
Nothing I hate more than a bad-news-is-good-news stock market, I get it but it just feels dirty.
Aren't they interpreting that as good news on the inflation and rate cut front? That would actually seem like a relatively logical knee jerk market move for once.
They absolutely knew. I'm sure BLS and Biden leaked it to them to prevent further hawkish tones.Spoony Love said:
believe that was expected with JPow's remarks on the labor market Wednesday. Sounds coordinated.