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China Sailor
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Quote: from DaffyDuck on 6:20 am on July 22, 2008
Off on a tangent - Apple just posted their Quarterly Revenues in the form of their quarterly conference call, and subsequent Q&A session...
What was not said by the Duck is that Wall Street hated the numbers and the analysts hated the fact that Apple was unwilling to comment on the health of its prime mover, Steve Jobs (taken from USA Today).
Wazzat you Duck telling Kramer last night that you were going long on APPL? He slammed the caller on this not even letting him finish his pro-APPL comments. In all fairness though Kramer is down on all Tech as being overvalued and not being able to provide the financial growth opportunities given the risk.
Can't say I disagree with him either. From where I stand several Tech projects and purchases are being put off by companies until they get a better idea where the economy is going. I suspect that the consumer will be less willing to put out money on new Tech toys if the economy continues as it is.
So Duck, where do you stand on APPL (down 15% at the opening today)....
<adv> The Vampire is back!!! <adv>
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Thai Girls : Meet Sexy Thai Girls
Posted on: 6:06 am on July 22, 2008
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Sarge
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just placed a (non binding) reservation on a white 16GB 3G iPhone, yeah I like my phone to be different from others (everyone seems to have a black iPhone) and plus you'd instantly know that it's the higher spec version (white comes only with the 16GB). Now if I can get a delivery before 9th August (the date they get the new unblocked stock in) or delay my flight. Decision, decision.....
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Thai Girls : Meet Sexy Thai Girls
Posted on: 6:55 am on July 22, 2008
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erikE
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Quote: from bkkz on 4:55 pm on July 22, 2008
How much is it? Including the 1 month contract?
According to this source (that have done the math), http://www.dinside.no/php/art.php?id=778144 the price in Norway for an unlocked iPhone 3G including the cheapest 1 month contract would be:
8 gigabyte version 4189 NOK = 828 USD = 27450 THB
16 gigabyte version 5000 NOK = 989 USD = 32765 THB
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 7:37 am on July 22, 2008
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DaffyDuck
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Quote: from China Sailor on 8:40 pm on July 22, 2008
So Duck, where do you stand on APPL (down 15% at the opening today)....
I buy, when idiots panic -- I bought more shares of AAPL (I actually waited until today, since it was going to drop in after hours trading -- and it did... It may actually dip a little further, but $150 was a good price for me.
Here's an interesting article that explains this phenomenon (well, not much of a phenomenon, once you realize that speculators and most stock analysts are idiots, preoccupied with the wrong numbers)
http://bullcross.blogspot.com/2008/07/whats-with-irrational-preoccupation-of.html
Not that it's a shocker to see CS being wrong, over and over again (it's actually expected), nor to see him join the throng of 'speculators and analysts' without looking at facts. For the record, Kramer is a certified idiot, who ends up being wrong, consistently. Look at his history on AAPL.
Facts are that Apple has outdone the industry, with growth rates the others can only dream of, and all that in a weak economy. They have a strong growth product in the iPhone, and they are growing and expanding the product with ancillary products and services. MobileMe will catch on, once consumers start to see the benefit of the add-on to a Mac and iPhone purchase (it's a logical add-on to a Mac and iPhone purchase, and it adds tremendous value) ; Apple's laptop line sells very well, including the MacBook Air which continues to sell out (despite it being such a horrible laptop, according to CS, I'm sure), and new products are waiting in the wings.
*intelligent* investors (as opposed to idiotic speculators) have no problems with the numbers -- the problem with these 'analysts' and speculators is simply that if they don't get what they want, they try to sow FUD, and hope to start a sell-off. Most idiots follow them, and the cycle of 'buy high, sell low' continues, while the smarter investors continue to buy when the idiots sell - generally, a pretty good indicator.
What, CS, they had to drag you out of retirement, so you could pick up snpark's baton?
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Thai Women : Meet Matured Thai Women
Posted on: 7:38 am on July 22, 2008
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China Sailor
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Personally I do not give a f*** about APPL or the stock, I just wanted to get a reaction from you Duck. Hell, if you search long enough on the internet you will find some obscure reference that agrees with you.
Note that none of what I said is *my* opinion but are just quotes made by others in the *mainline* financial world that turned up here and there in the last 24 hours.
Duck, I suspect that if you were on the Titantic and had shares in White Star, you would have insisted that the ship is not sinking.
BTW Duck, APPL is still down big today...
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 10:52 am on July 22, 2008
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DaffyDuck
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Quote: from China Sailor on 1:26 am on July 23, 2008
BTW Duck, APPL is still down big today...
Yeah, sure is -- I picked it up at $154. It's gone up to $162 since then, most likely heading back up in the next 3 weeks.
I should almost hire you as a financial analyst, and then consistently bet on the opposite of what you suggest. I'd make millions.... nay, billions...
Quote: from China Sailor on 1:26 am on July 23, 2008
Hell, if you search long enough on the internet you will find some obscure reference that agrees with you.
Right. finance.google.com is pretty obscure... to you, maybe.
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 3:13 pm on July 22, 2008
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CalEden
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What's going to happen when Jobs kicks the bucket and dies of pancreatic cancer?
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Thai Girls : Meet Active Thai Girls
Posted on: 8:14 pm on July 22, 2008
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DaffyDuck
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I'm glad to see that CalEden can always be relied upon for both lack of tact and lack of clue.
Arik Hesseldahl: "After the earnings call last night I talked with a source who is close to Apple and who has in the past proven very well informed on the concerns of Apple senior management. This source told me with near-certainty that Jobs’ cancer has not returned."
Which is excellent news, albeit not surprising.
For those to whom that isn't enough - A measured piece by Jim Goldman regarding the rumormongering regarding Steve Jobs’s health, specifically an Associated Press report on yesterday’s conference call that read, “Steve Jobs, Apple’s chief executive, did not join the conference call with investors as he commonly does, prompting an analyst to inquire about his health. Jobs survived pancreatic cancer.”
Goldman writes: "You see, Jobs is never on the company’s earnings call. Never. Ever. And anyone covering this company knows it. And anyone investing in the company should know it. And that’s why that sentence in the AP story is so troubling, and so factually off base."
That not quite true, though. Jobs has participated in a handful of these analyst calls over the last decade — but only when there is extremely bad news to report. (MDJ publisher Matt Deatherage, who covers these calls in more detail than any other reporter in the industry, put the number at three — three calls in 11 years — in a post to the MacJournals-Talk mailing list yesterday.)
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Thai Women : Meet Matured Thai Women
Posted on: 8:26 pm on July 22, 2008
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DaffyDuck
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Finally, regarding the lower earnings forecast that prompted the usual idiots to warn of falling skies :
Noted by Forbes’s Brian Caufield, a tantalizing statement from Apple CFO Peter Oppenheimer during the quarterly conference call, when he was asked why Apple’s guidance for the current quarter is just 65 cents per share, far under the 92 cents they just booked in the past quarter and the 82 cents analysts pulled out of their butts:
"Oppenheimer gave three reasons for the shift, two prosaic, and one very tantalizing. Apple’s back-to-school product promotions will cost the company. Prices are rising for key parts, such as the flash memory that powers the iPhone and many of Apple’s music players. Finally, Oppenheimer said, there will be a “product transition I can’t get into.” "
If it’s going to affect earnings, that seems to imply not just something new announced by the end of September, but something available for sale during the quarter. Curious.
UPDATE: Here’s how I’m interpreting this. I think what he’s saying is that Apple is going to replace an older product which currently has high margins with a new product that, at least at first, will have significantly lower margins. Imagine, say, new iPods that sell at the same prices as current models but which cost more to produce. Or maybe it means they’re going to switch to the subscription-based accounting for more products?
Obscure Source: http://daringfireball.net/linked/2007/07/26/transition
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 8:29 pm on July 22, 2008
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