Kolek planning to go pro
Most of us are still desperately trying to recover from the Crash of '16 that you predicted, so we don't have the time or the sanity to even think about this.Just as the dire crash that you went into a panic over was normal, so is this.You want be a great financial advisor. I think the suicide rate among your clients might be a bit high.
I predicted a crash in 2016? News to me.
Down 1 w 5 seconds left. Doable.
You were panicking in January. The sky was falling. You might have said:DJIA lost 1,079 points or 6.19%. Its worst start to a new year ever (data back to 1897).The S&P is down 7.5% in the first 8 trading days this year. Worst start ever.*RUSSELL 2000 CAPS 22% DROP FROM JUNE RECORD, ENTERS BEAR MARKET Almost a quarter of the value of small stocks now gone. This is normal? Only happened 4 times in the last 25 years.So what is going to happen next?* irrational move and time to buy* Figure your next worth on December 31 and if you don't get out now, it will be the same in 5 to 7 years (meaning you not getting "richer" for several more years.)The energy sector is like the financial sector in 2008. Continental, Pioneer are collapsing, they might not make it to the end of the week before filing for bankruptcy.
Pretty accurate.Where is the 2016 crash stuff I did not say?And are you buying Apple?
Also.......even with it's recent hit, the stock has both doubled in the last 5 years and this is the 6th such 'dramatic' reduction it's suffered. Unless you are under 30 (with your Trump and conservative news feed obsession I highly doubt that) a 5 year growth pattern of 100% should be considered fantastic. Worrying about an abrupt downturn on a specific stock that has shown the ability to rebound from downturns is insane, unless the entire industry or market is heading in that direction.This is not my profession, but it reminds me of the conversation about how much hedge fund managers charge. I'm not saying you're not getting sound advice, but unless you are under 30 you may want to get a second opinion.
I'd enter at 90. Great price for a company with that much cash on hand. Plus the pain of change for all of those people in the Apple ecosystem is too high, they'll buy the crap out of the iPhone 7 when it comes out. AAPL will be doing great by Christmas, imo.Even if Apple isn't up again by EoY, with as much cash as they have I believe that they'll be up in the next 10 years. But I'm a boring long-term value investor. You guys might be looking for returns on different timeframes than I am.
For the record, I'm agnostic on the stock. So don't take the following as a sell ...a 5 year growth pattern of 100% should be considered fantastic.That five year growth rate occurred 4 years ago. As I noted aboveSeptember 21, 2012 $99Today $93What has also happened since September 21, 2012?* Tim Cook is running the company with the influence of Jobs* No new products (the watch was a bust), only upgrades to existing products.Isn't the stock saying your return has been zero and will remain zero until they invent something new? Replacement cycle is worth collecting a dividend and nothing more.
Plus the pain of change for all of those people in the Apple ecosystem is too high, they'll buy the crap out of the iPhone 7 when it comes out. AAPLDid you just make my point? You seem to be saying Apple is waiting for population growth and old phones to break to make sales? If so, it is a great buy at $90, and will be again next year, and the year after, and the year after.In other words, they are just like GM, the new model will come out and all those with all broken cars will rush to the dealer to buy a new one. Then they should be a low auto company like PE.
A five year growth rate from today is comparing $93.74 to what it was on May 6,2011 which was $49.52. Why the arbitrary high water mark comparison? Why not June 21, 2013 when it was at $59.07? That's 9 months after your benchmark and $40 lower......aren't they doing great compared to that?Again, i'm not a financial planner, but you need to seek better advice in financial matters
Apple still has an I sane amount of cash on hand. They are contemplating cars. Maybe they buy Tesla. Maybe they buy fca, or use them to manufacture an autonomous CT of apple design. Apple will be fine.
Wow, I'm very concerned for Benny. Being able to mimic Myron Medcalf's writing so closely implies an oncoming case of dementia.
Apple's stock is getting crushed. Down 25% in the last year to near a new two-year of $93.74. Here is the timeline that is hurting the stock.
That is the timeline? What would you have said just TWO WEEKS AGO when the price was 18%+ higher than today? Also, why are you ignoring dividends?
Because he's an alarmist, a reactionist, or both. Which is why i was poking at him about his choice of a high point as his comparison vs one of the low points +/- 5months.
Again September 21, 2012 was the last release of the last Steve Jobs product, the iPhone5. It's not an arbitrary date it's not even close to the high stock price as it went 30% higher before fell back down.September 21, 2012 is the true benchmark of the post Steve Jobs era, and nothing is happened with the stock since.Oh did you also see that Carl Icahn, who is been a big proponent of the stock for years, sold his entire position in the last two weeks. So the worlds most important ivestor, which is what TIME magazine called Icahn, no Longer believes in Apple.
Again September 21, 2012 was the last release of the last Steve Jobs product, the iPhone5. It's not an arbitrary date it's not even close to the high stock price as it went 30% higher before fell back down.September 21, 2012 is the true benchmark of the post Steve Jobs era, and nothing is happened with the stock since.