Actually, this BMY for CELG news is more important. Even more important than that more important news, crude is higher by 1.5%.
Lads, there is nothing to fear but fear itself. I see Brazil is higher by 0.4% and gold stocks are jimmying higher in the pre-market. Why, we might have a good day today, a reversal of sorts that will roast shorts alive, grilled on their stomaches and then flipped over and roasted on their backs.
I was going to sell everything today, and I might still do that. But now I have hope, dreams of a better world than the bleakness projected last night. I envisioned myself waking up to multiple punches to the scrotum. This is fine.
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Luckily I own 500 shares @ $70 in 401k.
CELG for the win.
It’s about time, however it’s not time to sell
Regards
Chuck Bennett
You think there’ll be other suitors?
Is ANYONE allowed to criticize the way Tim Cook has handled biz over at Apple? Some analyst from India (I didn’t get his name) tried to point out the emperor had no clothes. That Cook has accomplisehed little to nothing in his tenure and the polit bureau from a certain station on the TEE VEE I wont name quickly silenced him as they all toed the ‘party line’.
AAPL is an overpriced piece of shit company, peddling an overpriced piece of shit product, and run by multiple pieces of shit management. To squander cash buying back their own stock above $200 per share is a CRIMINAL offense.
AAPL wil sink into double digets in the next couple of years.
Forget about the products and look at the cashflow: $70B in net income.
$70,000,000,000.00
NET.
INCOME.
after manufacturing costs
after marketing
after tax.
More that ***20 times*** what AMZN made in 2018 (70/3)
That being said, in 2019, they’ll probably “only” make ***10*** times what AMZN does, assuming AMZN riases net income by 30% (40/4).
Or forget about *buying* the prodcuts and marvel at the fact that they can sell phones to iFans at more than double their manufacturing costs.
There is no clear trading path but I’m still thinking bear.
AAPL news doesn’t clear things up for you?
Confirmation of problems in emerging markets + even more AAPL market cap to make up for to reach previous NASDAQ 100, DJIA, and S&P 500Index price levels
Well…yes. I’m heavily leaning bear. Looking for set-ups. I’ll take what the market gives me. Shorts, I would assume.
Except for a 2% position in UPRO things are OK. I’ll be expecting the PPT any moment now.