Dow?

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That's an old traders saying, an old jibe. If I like something I usually just buy it. But I stare at this stuff all day long.
 
Just looking at the fundamentals, Apple should be closer to ~$130.  The P/E is just way too low, given its balance sheet. 
 
paydawg said:
Just looking at the fundamentals, Apple should be closer to ~$130.  The P/E is just way too low, given its balance sheet. 
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It's been this way for years.  I wouldn't buy on this alone.  That being said I'm already in the red on AAPL (went heavy in my Roth), so I'll probably just ride it out.
 
aquabliss said:
paydawg said:
Just looking at the fundamentals, Apple should be closer to ~$130.  The P/E is just way too low, given its balance sheet. 
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It's been this way for years.  I wouldn't buy on this alone.  That being said I'm already in the red on AAPL (went heavy in my Roth), so I'll probably just ride it out.
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Assume it's because all it takes is one iPhone release that fails to excite and they can lose 80% of their profits.
 
paperboyNC said:
aquabliss said:
paydawg said:
Just looking at the fundamentals, Apple should be closer to ~$130.  The P/E is just way too low, given its balance sheet. 
Click to expand...

It's been this way for years.  I wouldn't buy on this alone.  That being said I'm already in the red on AAPL (went heavy in my Roth), so I'll probably just ride it out.
Click to expand...

Assume it's because all it takes is one iPhone release that fails to excite and they can lose 80% of their profits.
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When has that happened?

Every time a new one releases, even the S "incremental update", sales go crazy.

And I don't even think a mediocre release will result in an 80% value drop.

Too many Apple fans... but you never know... Blackberry used to be the hotness.
 
I have some $ on the sidelines waiting to buy if we see a couple thousand point drop in the next few months.  I have it set to DCA for now but I'll lump sum it in if we fall far enough.
 
Asian market down significantly, looks like sellout continued.

Also the Samsung stock is on big discount right now....
 
lnc said:
Asian market down significantly, looks like sellout continued.

Also the Samsung stock is on big discount right now....
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It looks pretty bad for Samsung on the mobile market...  Exploding phones

It's illegal to bring Galaxy Note 7's on airplanes right now.  Everyone that bought one is supposed to return it and wait a month for a new phone. 
 
spootieho said:
lnc said:
Asian market down significantly, looks like sellout continued.

Also the Samsung stock is on big discount right now....
Click to expand...
It looks pretty bad for Samsung on the mobile market...  Exploding phones

It's illegal to bring Galaxy Note 7's on airplanes right now.  Everyone that bought one is supposed to return it and wait a month for a new phone.
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Stuff happens. What about the Takata air bag recall?
http://www.consumerreports.org/cro/...now-about-the-takata-air-bag-recall/index.htm
 
Yeah, Samsung surely will recover.  Just explaining why their stock is dropping.  This current blunder will be expensive.  They might also help Apple's boring launch.

Samsung Note Explodes: Setting Jeep on fire.http://www.telegraph.co.uk/technolo...te-7-sets-jeep-on-fire-how-to-check-your-pho/

Samsung Note Explodes: Burns 6 year old boy
http://gizmodo.com/samsung-galaxy-note-7-explodes-burns-6-year-old-repor-1786523345?rev=1473686258702&utm_campaign=socialflow_gizmodo_facebook&utm_source=gizmodo_facebook&utm_medium=socialflow

Samsung asks customers to power off their samsung note 7's and keep them turned off until they replace themhttp://www.usatoday.com/story/money...es-consumers-turn-off-note-7-phones/90225514/

 
Panda said:
IHO, I underestimated the impact of money printing and how it can inflate the DOW and I don't know of anyone who predicted that it would get this high.

I do know that this is not sustainable. 
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It's been over 3 years that the Dow has been over 15k (much more over 13k), what is "sustainable"?

It's been at 18k for about 2 months, are we going to see 19k? Or is it going to drop back below 13k to satisfy the "cyclical" trend of 95-02 and 02-07?
 
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