“Loeb probably makes about a billion a year off the fees his fund generates,” Altucher reports. “By his picks we can see that he is turning bearish and… his biggest new position is AAPL”
“And why not buy AAPL? They are replacing (in the hands of one company) the entire music industry, movie industry, phone industry, computer industry,” Altucher reports. “50 [million] iPads will be sold over the next year, and on each iPad, people will buy 100s of songs, movies, and dozens of apps. The iPad is taking over computing.”
Full article, with more about what Loeb – and Warren Buffett and Carl Icahn are buying – here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]
“By his picks we can see that he is turning bearish and… his biggest new position is AAPL”
Uh, shouldn’t he be turning bullish?
Goes to show this is nothing but a cheap fluff piece as they obviously overlooked the essential editor in the process.
Jesus…why do I come here?
@Bunches
Um, no he’s turning bearish. In that mindset, what does he believe he can still make $$ on? AAPL.
Make sense?
DD Traders will try to talk the shares down as much as possible and get in last minute to cash in on a historic record holoday earnings report in January…one of these days all these games will backfire big time on traders that have been getting away with these games – BIG TIME…
Checkout last year stock price! $189 – 320
http://finance.yahoo.com/echarts?s=AAPL+Interactive#chart1:symbol=aapl;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
iBelieve in AAPL
” width=”19″ height=”19″ alt=”grin” style=”border:0;” /> Today $306 to $420 in 2011
……… BUY! Make $$$$
@Nerd beautiful
Still can buy shorts, that’s bearish.
If “bearish” supposed to be “bullish” then that throws out your theory right?
@breeze
Apple plays the game too, by purposely under estimating and then “blowing away expectations again!”
It’s because Apple doesn’t pay a dividend, so they live on hype to drive the stock up.
I last read it’s trading 20x earnings, so that’s a lot all speculation priced in the stock.
Imagine if Apple has a poor holiday season?…could be that Dan Loeb is buying shorts on AAPL.
Is Steve Jobs back in the hospital and we don’t know about it yet?
Lots of insider trading being investigated with hedge funds lately.
It’s amazing how you can post so much and still say nothing.
BofM, there are lots of things you can do to “turn bearish”. Stop being an @$$ about it. The point was that AAPL is the stand-out stock in their portfolio, the one that breaks the trend, the one they are still buying. This may be because they see AAPL as a stock that will hold even as the market plummets or as a stock that won’t lose as much as the rest … when the rest of the market plummets. One other possibility might be that they hope to make as much profit as possible while AAPL is growing to provide a softer, deeper cushion when it ALL goes south.
As for “Jesus…why do I come here?”, yeah … I gotta wonder about that, too. Pro troll? Disruptor? Un(der?)-employed?
Um, how does this ANAL-yst expect Apple to sell 50 million iPads next year when Apple is only making 3 million iPads per month? The most iPads Apple can sell is 36 million next year.
@ DL Meyer
Well put…………….
@ DL Meyer
Well put…………….especially the Troll part
BoMunchies wrote, “Apple plays the game too, by purposely under estimating and then “blowing away expectations again!”
Utter tripe. When Oppenheimer is estimating over 40% growth from the previous year, you think that’s “purposely under estimating”?!? That’s only in your bizarroworld. Also, just because Oppenheimer guides conservatively, doesn’t mean any analyst has to do the same. The fact is, if Oppenheimer is CONSISTENT, then you can make a pretty good prediction based upon it.
BoMunchies wrote, “It’s because Apple doesn’t pay a dividend, so they live on hype to drive the stock up.”
Live on “hype”, whose hype? Please cite the Apple hype? If it’s not Apple hype, then it’s hype by others. And, you are contributing to it, because I’m sure people who know you consider you a contrarian indicator. They buy stuff you dislike.
As for dividends, why should Apple pay one? Using your logic, would paying one, mean Apple will go up in price without hype? Illogical, will robinson, illogical!
BoMunchies wrote, “I last read it’s trading 20x earnings, so that’s a lot all speculation priced in the stock.”
Speculation?!? Are you nuts? Have you looked at Amazon’s PE lately? 68x ttm.
The S&P500; is trading at about 18x earnings at the moment. Any price premium for the fastest growing stock in the S&P is trivial.
Are you points always this lame, cause you’ll need to up your game if you plan on trolling here long.
We all know hedge funds have been using aapl shares heavily. That’s one of the reasons the stock moves wildly.
Still Apple’s fundamentals are brilliant. Virtually every product line is on fire and Apple have ramped up production on their hottest ones to cope with demand over the holiday period.
Apple’s new low seems to be 300-310 now. Sooner or later it will jump up another 50 points. That’s the way the stock works. Big jump on news / broker hype, sell off to make brokers their money and a new trading base is set for the next round.
If you’ve got stock stay in because this will keep going on until Apple start running out of ideas. If you can afford to gamble try to buy in on the lows (now) and sell once it jumps up.
As for dividends, why should Apple pay one?
Because it rewards long term investors who cushion the stock from wild swings, not speculators who will dump the stock wholesale if Steve winds up back in the hospital.
If APPL takes a fall, it will be a mighty fall indeed. Perhaps Steve designed a no dividend structure to ensure he doesn’t get kicked out of the company like before? That those doing it would get a severe stock depreciation if they did?
Not many might have known the dark years under various inept CEO’s Apple has had, but I do.
Steve reminds me of that main character in the movie, the Devil Wears Pravda, to a absolute “T”
@BoM,
What a profoundly ignorant rant. Apple doesn’t benefit from stock prices once they have sold the stock initially, no company does, unless they are doing a buy back. So there is nothing gained by Apple “playing the game”.
Apple doesn’t declare a dividend because Steve doesn’t give a damn about stock price or share holders. He wants to keep the money for running the company when times are tough or to make strategic investments in other companies or technologies.
The 20 point P/E is actually lower than Apple’s rate in the not too distant past where it stayed at 26 for many years.
These are all public facts, not prejudiced opinion.
We are all guilty of mistaking our own ignorance and prejudice for the truth.
Bunches of Munches:
It’s called giving conservative guidance, which is prudent and more reliable than talking shit when this is “educated projection” rather than accurate. It’s also rmore credible and responsible to under estimate and over deliver than run your idiot mouth like Michael Dell and scorn/burn your investors. apple would rather be conservative than wrong by being over confident.
Wouldn’t hurt to think which is preferable before jumping to opinion.
I’ve not seen you around MDN before.
But whatever, it is clear you do not understand Apple.
That post was addressed to Bunches of Munches
Yeah… it’s pretty hilarious how these stock market cock-knockers all bitch about Apple because they won’t kowtow to the same mediocre mentality that typical corporations do. I delight in the fact that it pisses them off that they do things differently. Sorry… not everyone is a fucking sheep.
Whine whine whine… all the whole Apple continues to break records and stockpile that war chest. There is speculation, then there are FACTS.
Public Service Announcement, Re: Bunches of Munches
This user is new to MDN, and yet has begun commenting semi-regularly, usually with unusual points of view rarely supported by fact. The posts are mostly inflammatory comments that seemed designed to stir things up. They are not obvious parodies, unlike some other traditional MDN commenters.
This is a classic troll. The only solution is to NOT respond. Notice that I don’t bother addressing any of the flawed details in his posts. There is no point in doing so. Neither should you – it will just encourage more nonsense.
Look on ebay. They have an amazing amount of old watches. I found my husband a Porsche watch that they stopped making about 17 years ago….
Leanspa
Dan Loeb is an idiot who trades on inside info – don’t be surprised to see him being led away in handcuffs soon!
Black holes don’t wander around at random, sucking stuff in. They remain in the original orbit of the star they formed from. That means the chances of a black hole sucking in the Earth are smaller than the chances of a star colliding with the Earth, and there’s no way for that to happen….
Super Probiotic