Im been in apple but i added above where they were able to get in because i added when it started to drop, it got to 97 or Something Like that and it got down even further and that is where it seemed like it started to bounce when we heard the buffet group was getting into this thing. So i tend to be with them. I look at this company and for all of the reasons that everybody talked about forever, when you talk about valuation or the cash position and also you have the new products that are coming out over the next couple of months into the second half of the year, i dont know that they are going to be the best products cycle that theyve ever had but they always seem to do well under the new psych cycle but i think this will be different. And this run has led people to believe that maybe apple is finally back after sort of spinning wheels for a bit. Sure. But lets contextualize. As a stock. But lets put it into context. It made back the ground it lost since apple and right back at the l
Revenue growth. And the s p, as we said, now red for 2016, as the markets are closed tomorrow. First up, some new developments this morning regarding the brussels terror attacks. Our chief International Correspondent, Michelle Carusocabrera, is live in the belgian capital. Michelle, good morning. Reporter good morning, carl. New political ramifications in the wake of tuesdays attack. In the last few minutes, belgian media reporting that the Justice Minister and interior minister tendered their resignation, but the Prime Minister refused. Of course, theres been lots of recriminations and questions of why this attack happened when, clearly, the city was already under alert based on what had happened as a result of the paris attacks and the search for Salah Abdeslam. While the Investigation Continues into what happened on tuesday, the justice process is ongoing. The lawyer for Salah Abdeslam was in court this morning for a Pretrial Hearing that eventually got delayed, but he did speak wit
In european markets right now, youll see that the dax is down by about 0. 6 . So is the ftse in london. The cac looks like the biggest decliner of the three. It is down by about 1. 1 . If you want to take a look at the price of crude oil, yesterday we saw crude oil, what was happening there. Now its down by about 37 cents to 37. 95. A couple big stories were watching today. Heres whats happening. Yahoo changing its bylaws to allow proxy access for board nominations. Heres what it means. Investors who have held a stake of at least 3 in yahoo for a minimum of three years have the power to nominate directors to the board. These investors can nominate up to 20 of its board. Starboard value launched a proxy fight last week to overthrow the companys board. Also, a very big victory for insurer metlife. A federal judge striking down the governments determination that metlife was too big to fail. The designation of systemically Important Financial Institution carries stricter Capital Requiremen
Apple, giving you a very down beat forecast as the tech giant did in last nights Earnings Release and conference call. Given how important apple stock is to the psyche of most investors, i would have expected us to be down huge today. Sell, sell, sell. Be yet they managed to rally. The dow gaining 51 points. The nasdaq did decline. Yet this recent year of good feelings, the one that started the second week of february when we bought was so different from every other market i can recall. I think it is worth stopping. In order to figure out what the heck is happening out here. Or to put in it terms most of us can understand, what ever happen to the pin action of disappointment . Let me throw in a little dollup of history. Ever since stocks began trading through commoditization of equities, talking about the early 1980s, the entire stock market tends to get crushed by a few letdowns and forecast cuts. A stock like apple with a half trill market game could push down the worth of the entire
But i was short because what this is normally going to do is the fan boys, and take the fang stocks, and take the favorite stocks on wall street, and you will see is speculation on the cal side over the puts 2 1 on mo most days, and apple who has a more exaggerated call speculation of earnings didnt have it. Instead, it was active put speculation, and massive put speculation down to the 95 stripe on the put side. So i put on a simple put spread. I tweeted it out yesterday, and put on the put spread and paid 40 cents for it, judge, and went to 2. 20 to dday and took off hf at that level and then i am going to to be seeing if apple holds or whether it goes down and test s ts the february lows and david lieb ebenthal, you long and the stock, and are you staying with it, and why . Well, first of all, kudos to my broer this, jon over here, and you must have slept like a baby, but i did not. It was a stinker of a quarter, and the guidance and the puts and nothing to speak positively though.