iBankCoin

Discuss: Is $AAPL a Buy Down Here?

We all know Tim Cook is secretly working for Samsung and will be fired from AAPL inside of a year. But the question lingers in the thin air, is AAPL a buy down here?

According to The PPT, it is Oversold, on a historical basis. The last time the score was this low, the stock was sub $100.

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NOTE: This is the first OVERSOLD signal in the history of PPT.

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73 comments

  1. Jake the Rake

    Short answer. No. Another 80 pts. Yes. Small diff. Yet large on entry point

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  2. The Plumber's Crack
    The Plumber's Crack

    Tim Cook says, “First!”

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  3. Jake the Rake

    There’s “oversold” then there’s the lead off of the nightly news oversold. We’re close…

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  4. Jules

    No. No catalyst for the stock from now until earnings. Buying opportunity when it sells off after next earnings release, pre-release of the new iphone for a quick trade.

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  5. fake amish

    How low the ultimate pump and dump must go is a good question.

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  6. The_Real_Hmmm

    Guessing nobody else caught that part of Cook’s compensation is now tied to AAPL’s total shareholder return (filed Friday).

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    • Jules

      Expect funky accounting accruals then.

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    • fake amish

      Cook sold out big time last year no? When AAPL was in the 600 realm. At this point does future compensation matter?

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      • The_Real_Hmmm

        It’s more about the message and managing expectations. Anchoring present results to create future goals. If a lot of employees own options or stock it should help retain them because the CEO is in the boat with them and is working to secure their future. Also, 400k restricted stock units over 10 years are at risk here I believe. Could be worth upwards of $160M to him.

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    • Paul

      It’s been my experience that when companies start making a big deal about how part of their CEO’s comp is tied to shareholder return, it’s usually because that’s not obvious from the stock performance and they expect that to change soon.

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      • Paul

        >not to change soon

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        • The_Real_Hmmm

          There was an article today about how employees of AAPL are leaving because of boredom and poor stock performance. I know the management compensation directive is a short term fix, but it’s something. Ultimately they have to leverage their economies of scale, such as through the AAPL ecosystem. They must iterate existing high ROIC products. R&D must be creative yet focused, and Cook or someone else (Jony) has to get out there and build some excitement. There were some nice signs of that at their last tech event but the other part of selling needs serious work. As noted below, their tv ads blow.

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  7. Jake the Rake

    News Flash. Canadian Finance Minister asks Greek Minister for Ideas. See, we are a commodity based country and well, look at our house prices in Calgary, Vancouver Toronto (rhymes with uh oh)..

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  8. Jake the Rake

    Off subject I know, divest your TSX. just sayin..

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  9. No One

    It’s a buy at three-fitty.

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  10. Helkel

    Le fly – does urinal shadow say FFIV goes out of biz, or gets bought ?

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  11. Bundesbankbunny

    Canadian housing prices next domino to fall make Greeks look like small potatoes.

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  12. jworthy

    AAPL is a buy at 390, 375 and 355..:

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  13. Bundesbankbunny

    Gold. Tar sands? Silver mines? Coal? Oh yea. I am liken this!

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  14. Earl

    More importantly, who won Lawn Court? The tree guy or the grass dude?

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    • The Fly

      The tree guy won, but offered concessions. He agreed to move the swamp oak and reduce the mound, something my landscaper insisted upon.

      However, the Douglas Fir will remain near the house, much to my landscapers chagrin.

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  15. Bundesbankbunny

    Long Canada!

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  16. Bundesbankbunny

    We got it all!

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  17. Taxlord

    This is a buy. The calls for AAPL’s death is premature. They own the laptop space, tablet space, and phone space. In fact, AAPL single handledly created those markets and then milked them to death. AAPL fans are die hard, if the company comes out with a new product, they will buy it!

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  18. Bundesbankbunny

    Time to go club a baby seal..c ya!

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  19. theman

    a person can have good ideas and make bad trades. who the fuck cares?

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  20. Bender

    It’ll be higher than here, especially when they start releasing updated products. Ipad mini has yet to release a 2nd gen. New iphones. However, the run may not be that much and one could be waiting quite awhile. I’d leave alone unless it comes in some more. Eg sub 350, maybe even 300.

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  21. xxxHuggieBearxxx
    xxxHuggieBearxxx

    Apples product cycles have matured and the era of big growth for them is over….playing a bounce is one thing, but buying them to hold is quite another. They could easily see sales decline in the next few years.

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  22. DJMarcus

    Fly, and degenerates of IBC –

    Apple is a buy through 500, easily.

    Free cash flow machine, 3%+ yield, top notch quality company and products.

    Issue is growth and innovations. Worst case, they are a less diversified MSFT, but it feels more and more to me that this is being priced in and expected.

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    • DJMarcus

      Also, curious to see how much they’ve been buying back.

      At this point, someone may as well LBO them, assuming getting those kinds of funds was practical.

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  23. Bender

    Also, they have a divvy of 3% that will be 4% should it get to $300.

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  24. Bdubbin

    Cook’s leadership can be summed up in that horrendous ad campaign they have been running. The ad has the worst viewers ratings in all of Apple’s history. It comes off as boring and arrogant…. Steve Jobs would have NEVER approved that crap.

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  25. mhass33

    If the majority in here say no I’m buying

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  26. Paul

    I see a lot of eerie parallels to MS circa 2000. If true, they could drop some more, then see a significant bounce, and then flat line for a decade.

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  27. James

    I see the hybrid score is NOT oversold and still on a sell…. heed that.

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  28. lol

    It’s always funny to me when people argue I’ve something very strongly and a guy comes buy and says “I don’t know!” neither does anyone else… Is apple a company that even an idiot could run? I suspect not… Is the move over done and does it have some support for a bounce? I suspect so. Momentum is currently still lower, but sentiment is bad…
    There may be some easier trades, but I do think the reward is worth it… Timing is very important… But risk management makes or breaks the trade.

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  29. bobbin4apples

    I’m crazy to even comment about $AAPL because it is not important anymore.

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  30. Mister Jinx

    I have this area (392-397) as a confluence of two huge fib levels that happen to coincide. IMO, that’s why we got the decent bounce off of that level. Will it bounce again? It might, but I think it’s more likely that it will head down to what I have as the next such confluence, at about 314-318.

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  31. Sugar

    Ok, so your hybrid score says it’s a sell, but your technicals move 25% on a 5$ move of a 400$ stock and say it’s oversold. Not sure what’s more broken: the stock or the consistency of what you’re showing.

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    • The Fly

      Don’t you worry about how the scores are ranked. You can’t call it inconsistent, since the score has never been this low.

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  32. Steak

    Not interested in AAPL at all really. Maybe if the options weren’t so expensive, I’d pick up some calls, but there’s just way too much premium priced into the contracts.

    As a person who has owned an iPhone from day 1… this product hasn’t changed. The idiots on CNBC like to mention how AAPL will be a commodity type stock, with the flawed mentality that people will continue to purchase their products. I disagree – I’ve seen numerous cell phone manufacturers come and go, and AAPL is no less likely to be the next motorola or nokia. Hell, they literally make two products. The competition has caught up for the time being. I don’t see the long term bullish scenario anymore. There are better trades.

    …. my humble opinion.

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    • lol

      Then sell a cash secured out of the money put if premium is too expensive and you want to bet on it not going down much more.

      Or do a covered call.

      there are “minis” available as well if you want to write it by increments of 10shares.

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  33. francesco

    workers leaving aapl as i write , good insider indication for the future

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  34. francesco

    ps aapl just hinted @ its new hot next feature, a fingerprint reader. i’m amazed.

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    • MX2101

      Will people think twice about their fingerprint signature becoming part of the personal information that is bought and sold?

      As I understand it, right now the police capture DNA and fingerprints when they have an opportunity to. Seems kind of foolish of the general public to agree to provide such material to vendors, under the guise of “a feature”

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      • francesco

        fingerprint reader .. is this the hot NEWS?

        never thought aapl was this much in pain ..

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  35. MasterCraftsman
    MasterCraftsman

    in 07 they got 850 for a phone plus a cut of revs…………
    6 years later, all smart phones are similar, avg sale price 200, no cut
    they’re contracts are rolling, and now they are in a very weak position
    tablets, pick six, and ur price point……….no advantage there either…………
    growth in sales, growth in earnings
    I’ve traded it hundreds of times, I know one guy who’s made a nice living off of day trading only apple for 7 years, a correcting stock in a correcting market imho needs a catalyst, don’t see one in sight, a reason for large bears to cover, the storey at 400 was value, dividend, u got it, it popped, and no more buyers showed up, huge gains are now evaporating for a second time for large institutions, agree with 315 price point analysis

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  36. Ron Johnson

    Nothing to see here. Move along.

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  37. jeff

    I believe it is going to all depend on how killer or not apple ITV is. Is the innovation gone, or will this be the next move forward? I think 350 would be a gift on Apple stock price it gets there before this product release.

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  38. razorsedge

    apple is too risky , a whore.

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  39. razorsedge

    old McDonald had a farm with many animals making various sounds, i suspect he had rabbits, but there’s no proof . just like this market, one way or another.

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  40. MasterCraftsman
    MasterCraftsman

    itv……….TiVo, dud, imho, it’s a false flag, cable companies are extremely tech friendly now, and tv watching is still a very passive game, I seriously doubt cable companies will make mistake phone companies did with not seeing the future

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  41. m1rk

    Just remember what happened when AG got oversold, fly, first look for a bounce, $350’s is key, we all know you have better ideas than this.

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  42. mjolnir

    So far the sum of 66 comments is distilled into “too big to manage!”.

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  43. Yabollox

    Tim should grow a little facial hair. Then he could at least look a little more like Steve Jobs.

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  44. Mark Watson

    Jobs put Tim Cook in because he was super smart and did not buck him. Not the kind of guy who is going to pioneer ideas or take creative risks. Incremental improvements. They were not prepared to even produce a larger screen iphone if needed. Colossal failure.

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