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Gartner, Inc.

ITNYSE

250.04

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+1.39
(+0.56%)
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26.38P/E
28Forward P/E
1.02P/E to S&P500
20.138BMarket CAP
- -Div Yield
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If anybody is going to make it appear cool to the mass market, it is going to be Apple.

I remember when the AirPods were first revealed, and people were saying that nobody would want to wear that because it looked silly and like you had Q-Tips stuck in your ears. Fast forward a little while and Apple had turned that into a status symbol.

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The S&P is down 16% YTD, Dow 12%, and QQQ 25%. Apple is down 19%, which is pretty much aligned with the industry and stock market as a whole, and slightly less than MFST and GOOGL. Tesla with their enormous Q earnings is down 40%. Costco, a buy it and keep it boomer stable stock, is down 12%.

Your reasoning for shorting Apple is plain dumb. The economy as a whole is down. Shorting a stock because its down as much as the S&P YTD is stupid.

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I mean it tried to pump right before the bell on Friday and that got eaten up and then some. Tesla barely hanging on to 1005, Apple has earnings this week. Microsoft is losing relevance in the tech world these days, with the exception of Teams. Amazon is expected (with guidance) to have lower earnings than last Q. Google basically killed Fitbit for their “Pixel Watch” that will be just like their Pixel Phone, at best, a mild success. GPU prices are dropping, good luck NVIDIA and AMD. Meta is dumping, Netflix is dumping, Disney wants to take a dump. Wells Fargo fired like 500 mortgage officers last week. It’s a shit show out there.

I’d say Spy’s gonna have a rough couple of weeks. - disclosure $420 put May 18. This is not financial advice.

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Google a d apple tag teamed Facebook. That's why Google had such good earnings last q. There was a wsj article about it.

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Exactly...That's the market for you...They beat on EPS, short on Revenue, and first subscriber loss (as small as it is) with projected subscriber loss next Q, so all that equals -35% drop today. Ads will help, and so will the crackdown on the password thing. Sure there is more competition, but Netflix is a brand object just like Kleenex ("hand me a Kleenex") and Xerox ("will you Xerox this for me"). Nobody is ever going to say, "honey let's just Disney or Apple TV or HBOMax and chill" Regardless, five years' worth of gains lost in two quarters is still rough.

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There is only one megatech that will remain king of the hill for at least ten years to come and that is Apple. AAPL is a buy now in the 160's.

AAPL is for sale at 10% off now due to the China covid shutdowns but turns out Apple is so good at managing these kinds of things now that it only affected them for about a week, and they can make up a week's production within a month. So any loss of sales this Q gets quickly replaced for next quarter. I also consider GOOGL, FB and AMZN greedy ands elfish to not pay dividends. I never trust a company awash in cash which wont give back to their shareholders or even have stock buybacks. AMZN also has some serious problems now with inflation and unions, and FB and GOOGL are the two mostly likely to be hit with regulatory measures, plus ongoing resistance from Apple to allow datamining on IOS.

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Honestly, i think you are underestimating the viability of yiur product.

Apple wallet, google, Samsung will also have wallets like this in the future. Apple already does.

There are a ton of digital wallets out there.

Honest Q, why would anyone use yiur third party app when Apple users will just use Apple wallet (which ia also available on Android store).

There is also Google Pay which has a wallet inside, and many other wallet apps in the app store.

I see the big diff is having your files in app? Is this a problem people are having?

I just see rife competition for you and the big Q is why would anyone use a thurd party app when apple, google abd samsung are goinf to be firing millions into their digital wallet in the future.

I agree with everyone else about a copywriter. It comes across as a bit goofy and for a wallet you want security, so having a goofy sounding landing page doesnt bode well for first impressions

I like the designs though, very clean and simple, looks great greatly

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https://lookup.icann.org/lookup?q=newyorkstockexchanges.com&t=a

Registered January 30th of this year with Namecheap. Namecheap isn't a scam site, but they are more known for their low cost than being a registrar used by major companies.

Compare to the actual site for the NYSE:

https://lookup.icann.org/lookup?q=nyse.com&t=a

First registered in 1993 and the current registrar is MarkMonitor (who handle a lot of high profile domains).

> Apple App Store has the app, it has 65K reviews that date back 4 years. Any thoughts on how that’s possible?

You are killing me, dude. I'm done.

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> ~~that~~ some of that profit came from investments

Yes. However, the SEC changed the filing rules a bit ago, and requires the quarterly/interim unrealized gains/losses to be recorded as profit/loss in the 10-Q/Ks now. Buffett himself has pointed out that this adds a lot of noise to their earnings reports, and is not a fan of it. But it is simply a fact that it's included in earnings in SEC filings today. So ignoring it for one company, and not another would be silly. The $785 million that Berkshire earned in Apple dividends alone last year is very real income, whether it's income from internal continuing operations or not. They did achieve $39.4B in earnings from "operating activities" last year. Source: Berkshire's 20201 annual report.

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Aapl bear case: hideously overvalued. generally moves with the mkt if your bearish, but nobody shorts this anymore and so you don't have to deal with these wild bear mkt rallies. I've been successfully shorting this on and off all year because the trade works and isn't crowded at all. They'll also probably guide down next Q with the coming recession

Bull case: this thing is like the basis for our entire nationalized pension/retirement system at this point. It is the ultimate "too big to fail," or even dip significantly. The Fed bought fucking apple bonds in the summer of 2020 like it was actual communism time. I also kinda feel like any severe uncertainty in the broader market could lead to a worldwide flight to safety in AAPL which has a better balance sheet than most governments. It's like a high beta treasury bond

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Decent ddARPU is high from what you've seen, not sure why you think it would be lower later on. You're essentially in a beta lock out period where only 55k users have been let in. engagement is only up from here?

Q thing was a troll, apparently.

Postmerger share price is pretty well priced in, what isn't priced in is the removal of risks you mentioned at that point in time. The risk discount you describe would be mostly gone by then. This is upwards price action.

I think your TMTG+ analysis is spot on in terms of amount of subscribers in that timeframe for a decent floor case.

I think your 'half of twitter' is an extreme bear case scenario in terms of user count. Saw 1.5B views in the first 24hrs on apple products alone.

Another thing to look into improved operating costs because of use of a competitors services which are 8x cheaper than AWS (not allowed to mention competitors name btw, their marketcap is too small for this sub) also their proposal for AI.

Look at twtr/FB's historical operating costs and how they have swelled overtime as a ratio to their userbase size. TS is set to have far better operating expenses.

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I personally would not. Amazon is better long term due to diversification. So if your plan is to hold for decades and possibly pass it on to future gens, then stick to Amazon. Its a lot safer.

Thats not to say it will outperform Google over that stretch but its less likely to become obsolete.

Further did you see that ad growth in 2021? Holy cow... Ads are probably going to overtake their subscription segment (Prime) by next Q and at that pace, it can overtake AWS in a few years. The privacy changes with Apple and Google will likely drive even more ads over to Amazon as well. They have tons of room to grow in that segment.

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First, I think they might be sandbagging growth and overstating CapEx guidance while at the same time overplaying the competitive threat card, mainly to change the narrative towards regulators. If so, the stock might have reached the “Buffett buying Apple”-level of cheapness.

Let’s say that’s the case; Growth isn’t that impacted by iOS changes, cost guidance is overblown (as it usually is), buybacks are being ramped up (to actually more than offset SBC) and the market realizes IG isn’t included in DAUs.. That’s a very interesting set-up.

Instagram is a wonderful cash flowing and fast-growing asset. Blue app lost, for the first time ever, 0.05% of DAUs q/q at a scale of ~2b; that revenue story is *far* from over. And WhatsApp is no doubt an important asset too, with lots of optionality.

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A couple months ago.. disney was to high to justify buying. The same reason it isnt always appropriate to buy apple. EPS almost double this Q.. Im happy with my purchase

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Comparing Apple to Facebook is like comparing real apples to a spare tire. Yea apple collects a lot of data but it stays with Apple. Targeted advertising on your platform is one thing, selling it to a 3rd party is entirely another. Also, when I was talking about responsibility I wasn’t about talking data collection as as much as stewardship of the platform. Apple has never allowed governments to spread misinformation to avoid being held accountable, apple didn’t design an algorithm that breeds divisiveness to boost user engagement, they’ve never hid behind free speech to allow hate to spread like wildfire. The lizard king himself has not only admitted Facebook has these problems but promised to fix them. That was years ago and yet still every time I go on it, click baity articles that are deliberately provocative and the exact opposite of my political leanings and opinions are literally the only thing suggested. There’s a difference between hearing both sides of the argument and deliberately provoking anger in someone by presenting the extreme opposite to them. I mean liberals think Facebook is nothing but Q anon Covid deniers and conservatives think it’s all liberal snowflakes. How would this be the case if they weren’t using your data to suggest the opposite of what you believe in order to annoy you and get you to engage on their platform. Apple is a trillion dollar company so sure they’re definitely out for number 1, Facebook is far more reckless in how they look out for number 1. In the last 10 years the average Americans data went from being worth $3/quarter to like $58/quarter. You think they could grow it THAT much while being no more harmful than any other tech company? Idk man, if it seems fish and too good to be true it’s probably fishy and too good to be true..

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aint nobody buying this piece of shit. these mega techs buy out companies to avoid developing competition from the ground up. like apple bought beats for the streaming service, not because they wanted the headphones. and 50 per share would make it around 15 billion dollars. for a company that earns - few hundred mil per Q

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You have to think back to 2007-8. Apple was competing against flip phones with random bullshit UIs whose popular selling points were ring tone customizations and the "advanced" ability to send email. Nokia didn't start shipping with Android until years later, after much of its stock tanked. I think the most advanced non-Apple phone at the time was the Motorola Q. Google it if you'd like a laugh.

The iPhone was genuinely a breakthrough at the time. It was so different and expensive that the competition kept trumpeting its imminent failure. The people spoke and here we are.

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I work in this industry and, if there are bag holders out there who need a reason to be optimistic, I can almost guarantee this thing is going to be acquired. Absolutely not at $120, but absolutely at a premium to today's price. Here is why:

  • Moat: People claim this company doesn't have one. That's total. Sure, anyone can slap an iPad on a bike, but the programming executed by this company is the gold standard. Everyone in every industry that makes live video says, "We want to do what Peloton has done." Their trainers are beloved. 90% of people who subscribe for one month will be on the platform one year later. Gyms have 18% retention, for comparison.
  • Audience: These bikes are owned exclusively by high net worth individuals. And those high net worth individuals use the bike for five hours per week on average. Those are valuable eyeballs. Peloton can't sell ads—that will cheapen the brand—but if a brand like Apple, per say, were to integrate iOS into the Peloton bikes, making them literal iPads on bikes with a fully functioning App Store, there's more than 10b in potential purely off peripheral App revenue.
  • Pricing Power: Also due to the income base of the audience, Peloton has the pricing power to raise subscription costs with little pushback. Sure, people will be annoyed but see point one: they love this shit. A solution to avoid that pushback would be to wrap up even more into the subscription (a premium option), including something Peloton users love: healthy food. There's speculation they may acquire Blue Apron. I don't know if I personally love that partnership, but a Peloton Premium option that includes meal kits is something their audience will support. This, of course, assumes that a company that already delivers food and has a lot of cash on-hand isn't interested (hello, Amazon).

Do not underestimate the power of this brand and its audience. Whether or not the company's financials are strong on their own is not the point. This is a valuable, engaged community that loves the product and has money. No one who has a Peloton is switching to a competitor, regardless of cost. I cannot say how low it can go from here, but bankruptcy is not on the table.

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The term "Great Reset" can also refer to a conspiracy theory, named after the conference, which suggests that some world leaders planned and executed the COVID-19 pandemic in order to take control of the world economy.[62]

A November 2020 article in The Daily Beast saw the Great Reset conspiracy theory as the first to emerge during the Presidency of Joe Biden.[63] Mainstream media outlets such as The New York Times, the BBC, and The Guardian traced the spread of the latest conspiracy theory on the Great Reset, which had integrated anti-lockdown conspiracies, to internet personalities and groups, including Candace Owens, Glenn Beck, Fox News' Laura Ingraham and Tucker Carlson,[46][64][15][65] and Paul Joseph Watson,[66] the UK-based editor of Alex Jones' website Infowars, where he advanced the New World Order conspiracy theory.[67] Ben Sixsmith wrote that the conspiracy theory had been spread by "fringes of Right-Wing Twitter", as well as by Australia's One Nation party leader Pauline Hanson (a "‘socialist left Marxist view of the world’") and UK conservative writer James Delingpole (a "global communist takeover plan"). However, Sixsmith observed the WEF's partners include such capitalist enterprises as Apple, Microsoft, Facebook, IBM, IKEA, Lockheed Martin, Ericsson and Deloitte.[60]

An October 2020 article by Snopes[68] traced the origins of a chain email posted on conspiracy forums from a member of a non-existent committee within the Liberal Party of Canada that leaked Canada's secret "COVID Global Reset Plan" to the QAnon-dedicated "Q Research" board on 8kun.[69]

By November 17, 2020, a short video of Trudeau's speech in which he described key points of the concept of an economic "reset" had gone viral,[14] as it reignited fervor over the Great Reset conspiracy theory that had taken on a new life with the launching of the forum in May.[70] By November 2020, Canadian conservative political commentators such as Ezra Levant and politician Maxime Bernier, who lamented on his webpage on November 17 that he was the only Canadian politician speaking up against the globalist threat with Trudeau as the "world's most prominent defender" of this Great Reset,[71][45][46] along with Pierre Poilievre, an MP,[72] were cited in the media for criticizing Trudeau's speech. They claimed the rhetoric resembled that of the Great Reset conspiracy. On the speech, conservative commentator Spencer Fernando stated that, "We want our lives to get back to normal… Instead they offer only more fear, more control, more centralization, and a reshaping of our lives and our economy without even asking us."[43] When Poilievre circulated a petition to "Stop the Reset", Le Devoir headlined an article saying that the Conservative Party was embracing conspiracy theories.[43][70] The Toronto Star editorial board criticized Poilievre for "giving oxygen" to the baseless conspiracy theory,[73] with some suggesting his post was related to a possible federal election.[45][43]

On December 13, 2020, Australian advertising executive Rowan Dean promoted the conspiracy theory on Sky News Australia, claiming that "This Great Reset is as serious and dangerous a threat to our prosperity – to your prosperity and your freedom – as we have faced in decades".[74]

The conspiracy theory has also been disseminated by Russian propaganda outlets. According to Oliver Kamm, in an article for the CapX website: "The propaganda apparatus of the Putin regime has for many months published wild allegations from obscure bloggers that the Great Reset is code for oligarchs to amass wealth and control populations."

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There is no calculation for q (well, dividends paid in the last year divided by current stock price). Generally you can look it up.

For spx: https://www.multpl.com/s-p-500-dividend-yield

For Apple: https://www.google.com/search?q=apple+stock

I haven't needed to write a script to download dividends for many tickers. Most stock screeners that allow downloads will have a dividends column.

I've used yfinance some, and it is okay for something that is free. It can be finicky as it is not authorized or supported by yahoo.

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Matt Furlong Compensation

List of Hires

There's some copy pasta for you. Not hard to google basic information and make an assumption out of it. Show me one other company this many people are leaving a company like Amazon, Chewy, Apple, Microsoft or whatever for. Probably not gonna find one. Not even AMC.

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> What’s the rush?

Well, since you asked...

Story time

(Feel free to skip)

We did have money as a kid (and still do) but never bought anything expensive. Maybe a few examples will be the best to elaborate.

Dad wanted to start taking notes on an electronic device. Why? He wanted to transfer his notes to the computer without looking at his handwritten notes and then retype.

-> he started looking for a tablet.

He searched for a month and went with microsoft surface.

Did he enjoy it? He hated it, and then I convinced him to return it (not sure what he would do if I didn't tell him we could return it free of charge and get back the money...).

Why did he hate it? I mean the device was perfect on paper, but not in practice. I convinced him to buy an ipad pro (since he was searching for samsung tablets).

He always said "I don't need the latest tech", "Too much money" etc. so he is very frugal with his spendings.

Can he get an ipad pro? Absolutely and it wouldn't damage the finance at home. Just because it was 1.5x more expensive than the cheap models, he never considered it.

After a while, he bought the tablet and he is grateful since.

I can promise you my comment is not sponsored by apple but my point is I was raised in an environment like this.

Another time was while I was looking for a new monitor. He has a monitor which is provided from work (that cost $100).

One day, he went to his friends house and saw that he had an ultrawide at his home office. He LOVED it. After researching for another month, he sent me some monitors to compare.

The ones he sent me:

  • VA panel

  • 2560x1080 (uw 1080p)

  • very likely to have IPS glow

If you don't know what the terms above mean, basically it means its a cheap (low resolution, washed colours) panel. Tbh i wasn't surprised with the models he sent me to look at because he did the same when getting a new tablet, chose the absolute cheapest option.

Well, it took a bit of convincing to get him a better panel with better colours and higher+sharper resolution (that was also 1.75x more expensive) but he agreed after seeing the difference at some bestbuy type of ish place.

Once again, he is very happy that he chose the more expensive model.

Were all the features necessary? Not really, I doubt he notices the difference between 60hz and 144hz. We tried looking for a model that was the same but 60hz, turns out it doesn't exist.

On an unrelated note, I have been mildly depressed since I left high school. Discovering FIRE and "personal finance" helped with the depression (made it worse).

I am going to start working 9-5 (wake up at 8, and get back home at 6 which makes it 8-6) and be left with so little meanwhile 40 years ago people who worked 8-6 managed to buy a few houses!?

Then I started to see peers who were coming from very successful and wealthy backgrounds, which made me feel a bit more worse (and reminded how unfair the world is).

Comparison is the thief of joy and my problems are 1st world (I am coming from a country where minimum wage is $1.5/h and very thankful to be living in the UK) BUT all of these doesn't make up for the mindset of retiring (at least for me).

Story time ends here

I felt very happy and enthusiastic when I tried the VR. I felt like a 12 year old kid again. Since

  1. VR made me happy and enthusiastic,

  2. me already having the money (bonus points for me earning it),

  3. having the first hand experience on what high quality tech items feel like (considering rtx3080) -> spending this much ($3k) on the whole VR project,

  4. the rig being (arguably) future-proof,

  5. me having more time compared to working 8-6,

I see more value in buying something now (will try to get everything MSRP) than to invest the $3k.

I let some similar money sit in an investment and honestly I wouldn't notice the return if it was in my saving accounts given 0.1% interest rate.

So yeah, hopefully my points sum it up why I want to buy it now.

You are correct with your other comments and someone else mentioned that instead of rushing, I need to focus on balancing which is absolutely correct.

Glad you are doing very well, I am happy for you :)

Q: Would you really have preferred to find about FIRE when you had little to no money or are you happy to discover it later in life (when you had some money)?

Because personally, I wish I didn't discover it at the age of 18. Its too much when you are already in debt and have little to no money. Guaranteeing me a financially retired lifestyle at the age of 60 is not helping with my current situation.

(On a related note, I need to see a therapist.)

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Lets use Apple as an example:

Link 1

Link 2

Link 3

Link 4

Link 5

There are literally countless examples, but honestly we haven't seen half of what the company is capable of. It they felt their existence was at threat they could ruin countless lives, perhaps start a civil war. They have collected data on a billion people, they can track their location, place of work, know their brand preference at the store, political affiliations, likelihood of dissent, conspiracy subscriptions, etc. With a series of small pushes Apple could turn us against each other like no politician ever has.

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Alright all you Apple pumpers, I'm predicting a daily close top here and a pullback next week as people get caught trying to chase it to 200.

Google trends can be misleading sometimes, but it appears to show lower search interest for iPhone 13 compared to when the iPhone 11 and iPhone 12 released.

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>How does kens cock taste?

Solid homophobia from a cult member, always a pleasure to see you guys in action.

And imagine thinking I need to be paid to spot such bad financials, lol

>It’s an earnings call, not a press conference. FFs.

How many earnings calls have you listened to in your life? Serious question, I've listened to about 30, mostly from the companies I work for but a few other fun ones like Tesla and Apple. You do know they all talk about guidance, outlook, goals, and take Q&A from their investors, right? They don't report their losses and hang up, that's a really bad sign.

>None of that means shit.

Sure it does, and it's why we're all laughing at you guys being stans for a guy who has never had a profitable year as CEO.

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> Computer systems took offices by storm as soon as they became useful. Same with mobile phones. Computer systems had a very real business use for managing large amounts of data, and mobile phones had real use for allowing for communication with people anywhere as they travel.

So why did it take 5 years for the worldwide PC market to reach 10 million sales? This is no worse than the state of VR.

> You're talking systems that enabled massive increases in productivity and enormous savings for corporations vs paper based systems.

That's subjective. Many people, including Steve Wozniak himself, though that it wasn't an increase in productivity. Not with the limitations of the early tech.

It took a lot longer for the real productivity gains to be seen, as PCs has to evolve and include mouse, GUI, and support for multi-tasking.

VR is similar. We know what lays down the road, and how it can be more productive, but the current tech limits that for now.

> I don't think there was any real doubt on the potential of computer systems or mobile phones.

I mean...

htps://books.google.co.uk/books?id=yS4EAAAAMBAJ&pg=PA66&redir_esc=y#v=onepage&q&f=false

https://news.google.com/newspapers?id=gn0hAAAAIBAJ&pg=5584%2C3561802

https://www.academia.edu/320362

https://wayback.archive-it.org/5902/20150629134551/http://www.nsf.gov/statistics/nsf01313/patterns.htm

http://ibiblio.org/team/intro/unix/what.html

https://www.newspapers.com/clip/37703219/the-pantagraph

> Personally I can say when the iPhone came out, I was just as hyped about smart phones. But sadly I was too young to invest.

Well VR/AR are not at that stage. Heck, AR is arguably not even at the Apple II stage. Something different about smartphones though, is that they were a partially an iterative technology, which meant that people understood phones by that point, so convincing them of a smartphone was easier than if phones came into existence with smartphones.

> Shared virtual worlds have existed for decades as long as the internet has been around. They have always been a niche thing, because most adults don't care much for fantasy worlds.

You do realize most of western world Gen Z spends frequent amounts of time in Roblox, and that's only Roblox, right?

> What I don't see is for people to culturally want to throw on a bulky headset just to socialize with their friends using a fake avatar, when they can either just video chat with them, or see them in person.

But this was never about bulky headsets or even fake avatars. This was always about slim visors/sunglasses and avatars that you literally can't tell apart from a real person. This isn't some sci-fi dream, but tech that has been demonstrated already. It's lab-based for now, and it will remain that way for the better part of a decade, but that doesn't mean it's not coming.

> From a consumer standpoint, this already exists with games like VRChat. You can draw on a whiteboard to collaborate, chat with proximity, and move around a VR world with virtual avatars. Basically, what all these big companies like Meta(Facebook), Microsoft, etc are trying to do, VRChat did years ago. It hasn't really taken off besides gamers trying to Role play. It's cool at first, but the novelty wears off fast.

I love VRChat and yet I would never want to do business in it because the interface is wholly inadequate. It has a lot of latency and doesn't provide the required tools for good business. Horizon Workrooms and Spatial on the other hand do.

But I think the term metaverse is muddled here. The metaverse is not just Facebook's version of VRChat. It's every 3D world in an interconnected network. If VRChat is a website with hyperlinks, then the metaverse is the Internet that ties it together with other 'websites' or in this case other 3D world apps.

This isn't a solo effort either. FB is building this with many others, and it requires all sorts of new protocols and APIs in place. That's why it doesn't exist today.

> If they can't even tolerate Zoom meetings, what makes you think they'll tolerate spending 2 hours in a meeting with a bulky headset strapped to their head when they can just meet face to face or on Zoom?

Ignoring the bulky part since I covered that, but it saves the travel, has none of the downsides of zoom, none of the downsides of face to face, and all the upsides of both. So there you go. It's just objectively better for collaboration - or will be as it matures.

> Why would I want to navigate a virtual 3d shopping mall to go shopping, when I can just type in a text box and get exactly what I'm looking for, complete with photos, reviews, and answered questions?

It's not that literal. I mean it might be in some cases, but a lot of that would end up as you're sitting at home browsing the web like you do today, with a virtual screen setup projected into either the real world or the virtual world, and then you can see items in 3D, try them on, preview them, etc.

Virtual malls will likely be more reserved for special occasions and social gatherings. For example, touring Virtual Market in VRChat is genuinely fun, so it works as an event type deal.

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Travel stocks- hotels and airlines worth a shit like AA and CHH, cruiselines. Probably not LUV unless you're willing to long it for a few yrs. WWE because their revenues didn't come back to pre-covid levels until summer this year. With live attendance back in full swing they're making a lot more money, making huge cuts to make their Q and annual look even better and/or preparing for a buyout, likely candidate being NBC Universal. McDonalds, Coca-Cola because nobody's stopped drinking soda or eating like shit and time has tested even during the hardest times these good ol' American companies thrive as long as sugar is subsidized in the US and people continue to hate their bodies and teeth. DISCK, merger with Warner Media is heavily undervalued and is one of my top year-long plays. Should be priced in about next summer or year from now, probably whenever they reveal the new streaming hybrid that comes out of HBO Max+Discovery+ . You'll see huge fomo on that one when the time comes. If you get in now do a remind me for a year out. You're welcome. GEO because public unrest is ontrack to worsening, ICE arresting more people with no signs of slowing down, very bullish on this private prison stock. FCX as copper is increasingly becoming more valuable with a variety of strong needs such as semiconductors/electronics use and a large supply gap. DIS, AAPL, BAC, SCHD for dividends and great trackrecords of growth with no sign of stopping, based on your theoreticals and fundamentals of the current bull market. Despite those advantages and possibilities I'm very bullish on DIS and AAPL. DIS is similar to WWE based on fundamentals since they're both entertainment companies that have presence in live attendance, streaming services, diverse audiences worldwide and merch up the fucking ass. DIS does a great job at digging out old properties and repackaging them for modern audiences. Disney+ is seeing continued growth and use, proven effective through covid with theater shutdowns. Fantastic Four on the way, another 20 yrs of Marvel movies, Star Wars, domination in toddler and children's culture, brand loyalty in their parents to the point they place shitty funko pops of DIS properties around their living spaces like its their religion. No sign of DIS stopping. AAPL because they continue to innovate, dominate and prove they can sell a cellphone for a thousand dollars nobody needs and people will still buy it. That's brand loyalty right there. People shat on ipad and it was a huge success. People shat on apple watch and it was a huge success. Lest we forget all the copycats replicating those devices shortly after Apple did it first? They set trends, are extremely aware who their consumers are, diversified into a streaming service filled with S tier quality films with the biggest stars in hollywood filling their presence in homes that don't even have apple devices, always slaving away at something incredible behind the scenes that changes everyday life. Lastly, GNW because like DISCK its extremely undervalued.

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Maybe apple will do what they always do, copy someone elses design and features, give it a douchebag name, like the icar or ibike where both look like a q-tip sticking out of the drivers ass. At this point apple would rebrand and act successful if they bought and made white segways.

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- Their at a 3 billion valuation without building anything (kinda like Nikola Motors)

- The only difference between them and other conservative social media sites like Gettr or Parler is that it is lead by Donald Trump who is 75, overweight, living on a junk food diet and in many legal battles and loans (stress) which means a heart attack could be coming any day and the second he's gone there is no star power or difference between it and the other sites.

- None of the big tech companies will do business with him especially after he just attacked them in his pitch deck. If none of these companies want to work with him he will have trouble with advertising, cloud services and app/web stores.

- Many banks have already cut ties with Trump after numerous failures on his part to repay loans so he will have a hard time finding anyone willing to lend to his company or provide any vital financial services to his company which will be necessary if they want to achieve any of the stuff they are promising in their pitch deck.

- Not many mainstream celebrities will join this site because of fears of being blacklisted or canceled. Also they can already reach large audiences on the traditional social media sites.

- The site will become to niche and filled with mainly Q followers and the devout Trump supporters meaning content will only be focused on politics mainly. No democratic or left leaning people would join the site which is roughly have of the US population. Also on other conservative sites like Gettr or Parler many conservative users found that it wasn't as fun as FB or Twitter because they couldn't "troll leftists or liberals".

- More generally speaking in terms of the social media industry we just saw how large the affect of the Apple privacy update had on social media companies revenue.

- From seeing how Trump operates his businesses in the past, we will probably see his kids giving high ranking positions and fat paychecks for little to no work. As well, we will probably see Trump receiving large amounts of many from the company bank account even before the site is live as many of his debts are coming due soon.

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I don't know much about the other businesses but the thing you have to realize is that PTON isn't about the hardware - the treadmills and bikes are just a way to get people into the subscription side of the business. Much the same way that Apple uses its devices to trap customers into their ecosystem where they make money off recurring revenue.

BODY does have a slight edge in some metrics but they pale in comparison to PTON on most.

Q revenue: $223M (up 21%) for BODY, $937M (up 54%) for PTON

Subscriptions: 2.7M (up 61%) for BODY, 2.3M (up 114%) for PTON

Retention: 94.9% for BODY, 92% for PTON

Gross margin: 69% (down) for BODY, 62% (up) for PTON

Full year revenue guidance: $930-960M for BODY, $5.4B for PTON

What you'll notice from these numbers is that PTON's revenue is about 5x that of BODY's, and growing at a faster rate. BODY has more digital subs at this point but, again, PTON is growing at a much faster rate. Gross margins are comparable but PTON's are headed in the right direction, while BODY's have dropped.

The other thing you have to factor in is that PTON has a huge edge in brand value over the competitors, much like LULU for yoga pants and Apple (at least in the earlier days). Apple is actually a really good comparison. For many years there were several other companies that make similar products but Apple had a massive lead in market share because they had the cool factor. People wanted to own an iPhone because it was the cool phone to own. But PTON also has a huge advantage in the popularity of the fitness environment they've created, with instructors who are like celebrities and have hundreds of thousands of followers on social media. It's extremely difficult for a competitor to recreate that.

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$MNNDF Nurosene Health, Been Watching this AI/Health Tech Company out of Canada... Now Trading with DTC on OTC markets. I see them on NYSE/NASDAQ soon. Purpose built AI, Preventative Mental health, Micheal Phelps on board. But what I really like is the Advisory/Team. They come from Apple/ IN-Q-TEL, specifically Dr Newton Howard. Dr Jospeh Geraci dedicated his career to longevity/Alzheimer's research see numerous papers published. Could be a sleeper its cheap sub 45M market cap. Could it disrupt $BIIB, I am sure people will notice them soon

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I actually do use these, have for several years and I am a fan. I use them primarily for travel though, so if I go with my laptop to go live somewhere else for a few months to work, which I do every year. I primarily use them "at home" wherever I am staying, not in a cafe, I have used one in a cafe, if it's quiet enough and there's room but many cafes there isn't really room to bust out a second monitor.

I think there is a niche for these things but it's a bit of a niche.

From an investment point of view, my current ones are made by Lenovo (the largest PC manufacturer in the world), my previous one was made by Asus (fifth largest PC manufacturer). They are also like most hardware relatively low margin, although as they are somewhat niche probably the margins are a bit higher. But they are such a small part of what these companies make.

There are smaller companies that make these, and I've watched those over the years. Many Kickstarters like Slidenjoy who, being Kickstarter failed to deliver. But the thing is, that was five years ago and even five years ago Asus had a very good, mature product, well engineered from a well established hardware manufacturer. So if I can buy a really high quality, light, thin, properly stuck together screen from the likes of Lenovo or Asus, why would I go with some startup, what is their product doing? At the end of the day, it's a monitor, it's not that complicated from a user point of view, it just needs to show stuff.

Small and light and thin is important with this stuff, and it's usually the very large well established manufacturers (Lenovo, Asus, Apple, etc) who know how to do small, light and thin. Startups usually do thick and janky.

In general, monitors are already a super commodity, and they are moving in that direction with this niche too, even 5-6 years ago my Asus was $200, the Lenovos I got more recently (which are better) were $140. This stuff is only getting cheaper.

Ultimately it's a small market that does provide value to me and I'm sure many others but I don't really see it exploding in such a way you do. Stuff like video conferencing, more likely, if you could get in a time machine and go back to March last year, that would have been a good idea then.

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Your Weekly /r/stocks Recap

Friday, August 27 - Thursday, September 02

###Top 10 Posts

| score | comments | title & link | |--|--|--| | 2,327 | 438 comments | [Industry News] HOOD drops after SEC's Gensler says "Banning Payment for order flow is on the table"| | 1,966 | 472 comments | [Company News] Alibaba makes up with the CCP: China's alibaba to invest 15 billion $ towards common prosperity until 2025| | 1,321 | 518 comments | BABA is the most bought stock amongst the biggest investors in America in the the last quarter.| | 1,258 | 585 comments | [Company News] Rivian Files for IPO, Seeking About $80 Billion Valuation - Bloomberg| | 1,139 | 472 comments | [Industry Discussion] Cathie Wood's ARK files for new transparency ETF: no oil, banks, booze, chemicals or candy| | 1,064 | 102 comments | [Company News] Cloudflare stopped the largest DDOS attack ever reported| | 1,042 | 425 comments | [Company News] More crackdown by the CCP on video games, minors can only play 1 hr on Fridays, weekends and holidays. SOL for Tencent and NetEase holders.| | 948 | 355 comments | I Put $50K into The Market Today and I’m Happy!| | 795 | 463 comments | Is there any world where Rivian and Lucid don't just go bankrupt| | 776 | 860 comments | What type of companies/industry do you think will be one of the biggest 20 years from now but doesn’t exist at the moment.|

 

###5 Most Commented

| score | comments | title & link | |--|--|--| | 431 | 808 comments | What is the lowest conviction stock you own and why?| | 423 | 696 comments | Stocks that you consider hidden gems| | 493 | 431 comments | [Company Discussion] What would it take for Apple to lose their top 10 spot in the S&P500?| | 69 | 410 comments | Any stocks under $10 a share that you like?| | 541 | 370 comments | How does 5% inflation change your thinking?|

 

###Top Daily Discussion Comments

| score | comment | |--|--| | 31 | /u/GimmeDogeCoins said Im in gamestop at 190, not gonna lie, i'm within an inch of selling now. profit is profit, and I literally cannot stand this cult mentality on social media. Sell now or wait for a post-earnings rip? | | 27 | /u/shortyafter said I got into this in February with GME. I understand that at this point it's somewhat cringe-worthy and Q Anon like (sorry for anyone involved, it's just my opinion and you do you!), but when i... | | 27 | /u/novapants said AAPL exploding past that $150 resistance 😍 | | 23 | /u/hahdbdidndkdi said Not a huge gamer, honestly rarely play anymore. But the news coming that china is limiting gaming to 3 hours per week for kids below 18 is the nail in the coffin for me in that I won't be buying any ... | | 22 | /u/DoDaOpposite said Not rubbing it in of you guys that didnt find much success today, but I was in the TRIPLE DIGITS! That's right, TRIPLE DIGITS! I ended the day up $7.56. |

 

If you would like this roundup sent to your reddit inbox every week send me a message with the subject 'stocks'. Or if you want a daily roundup, use the subject 'stocks daily'. Or send me a chat with either stocks or stocks daily.

####Please let me know if you have suggestions to make this roundup better for /r/stocks or if there are other subreddits that you think I should post in. I can search for posts based off keywords in the title, URL and flair. And I can also find the top comments overall or in specific threads.

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I can't imagine they paid more then $40 for the dancer and maybe $600 to have someone glue some plastic on a mannequin (probably could sell it to a fan for $50k though). So $50040.

There is no robot currently, it's some moonshot project they want to work on. Hell Dojo isn't even close to being built and they just had the first tile delivered (possibly an engineering sample at that).

There was some decent information on what their training and AI stack looks like but the most surprising parts were just how far behind they were 2 years ago really. The whole reason they need Dojo is largely because a lot of processing can't be done on the car and HW3 is starting to already look another bottleneck. They're finally getting around to building a decent simulator but still way behind Waymo and probably other companies as well there.

No one in the SDC industry is losing any sleep over what they saw there. It's an impressive amount of work to be sure but there didn't seem to be anything mind blowing going on.

The D1 tile is kind of cool but a lot of the technology and processes that make it possible are owned by TSMC and not really anything proprietary. Likewise many other companies have either discrete or integrate NN accelerators at this point. Apple has them in their chips and you can rent out instances of them from Google and Amazon respectively. NVIDIA and AMD also have tensor cores (AMD's Instinct M100 Accelerator has around half the performance of a D1 as a discrete card and NVIDIA's A100 is around 80% per chip - albeit with a bigger die size). Until the system is actually built and benchmarked training an existing network it's not really clear how substantial the effort to putting them into the physically dense tile configuration is going to end up being and if they'll just hit some other bottleneck anyways. It's really hard to tell what the overall value proposition is there. Scheduling and distributing workloads is a pretty hard problem that they basically handwavied and scalability is never unlimited (someone actually called them out on this in the Q&A). It's a cool technology showcase for sure hard to tell how much real value there is in it at this point ultimately.

Overall the market effectively ignoring the event was probably the right reaction.

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I mean... Apple. They own the tablet market. There just aren't other tablets, even Google gave up because they were terrible at it. iOS and iMessage are their own moats.

Google is also a one trick pony - all their revenue comes from ads. Plus they're about to be on the end of some anti trust litigation.

Apple, on the other hand, has lots of space to grow, in lots of sectors. Car speculation aside, we know they have plans for the health care sector. The watch, and Cook's statements prove that. Phones are down to less than 50% of their revenue in the last quarter, even though iPhone revenue grew by 50% q/q. That is just astounding, and shows how much their other revenue streams are growing as well.

Apple is a money machine that just won't quit.

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Many good answers. Easiest answer: if I as a newb retail investor think about a good idea on how to invest, chances are at least a 1000 others have thought of exactly that too before me. To put it another way: there is barely any arbitrage of information to be had in equities that you as a retail investor could benefit off. The moment you think something is a good idea, it is probably already priced in. In case of Apple, many thought they would perform very well. Just that they thought about it months ago. Buy the rumors, sell the news. This means get in early, sell when average Joe reads about good earnings and wants to buy. This is an oversimplification of course.

By that definition, there is no alpha to be had which I think is very wrong. Even a retail newb (like me) can create alpha by doing something big money doesnt do and that is invest for the long term. Big money has to perform q/q, y/y. They dont really look beyond 1 year timeframes.

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The 3rd Q report will have 'Nine Months Ended" which is the total of the three reports. SEC only requires companies to report the first three quarters. Just deduct the consolidated total from the Nine Months Ended amount. Some companies optionally provide it but since it's not required and would cost more $/time, most companies don't.

Apple, for instance, reports it separately in addition to their 10K.

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The whole sector got fake algo sell off into the JPow q and a, we were doing just fine, it was a bs, tech should be running easily, while the meme stocks stayed the same, such a bs, i still think the Apple have potential and going into the healthcare more especially, but it’s such a shenanigans after it lately.

Everything that fed said was bullish, so I don’t get it, i know by Friday will go up, just feeling it, it’s too long consolidation to be falling now, the rally will continue.

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New at investing and have a Q about a strategy I'm looking to implement through Fidelity:

We'd start with 2 funds, at $3K each (doing a big home upgrade at the moment so being conservative until we've saved more).

We'd start with a FSKAX fund which is Fidelity's total market fund. But because we're leery of inflation, we'd open a second fund with FSPHX, a Fidelity health care portfolio.

Our assumption being that while Alphabet, Tesla and Apple in the FSKAX fund may take a hit for a year of inflation, health care will not. Even if it yields less.

Then our plan is to invest our dividends back into the funds and invest more savings into both once we've recouped what we're spending on our home renovation. We save about $3K a month so we'll roughly be back to a six figure savings account by December.

Appreciate any input.

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There are ton of things, but here are couple:

  1. Core business. Do you understand it and what could affect it. I’d suggest to stick with things that you have knowledge on.

  2. Financials. Look at revenue, net income, free cash flow and margins. See how they’ve developed during the years.

  3. Balance sheet. A very important factor to account. A healthy company has a solid balance sheet with a good war chest and a controlled debt. Look at D/E and quick ratio. For numbers 1, 2 and 3 you should read 10-Q and 10-K forms.

  4. Moat. Does the company have an advantage in their market. Do they have a strong brand like Apple or do they hold a significant market share like Microsoft has with Windows.

  5. Management. This is a very underated one. When investing in a company, you are essentially giving your trust for the company’s management. A good company with a bad management can lead to very bad things. A good C-suite will maintain solid future growth if they do their job well.

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AMD and Apple are making chips in TSMC and TSMC said they will be investing 100 bill usd into new fabs. They will be online in 2023.

TSMC now runs on 100% cap. But intel new gpu can change market if only it is at least mediocre (which reports say it is) and it will have supply.

Intel has its own fabs.

Nvidia is making rtx 30xx chips with Samsung and said up to Q3/q4 shortages will continue.

But imho it is a hard bet as vaccine 💉 rollout restoring global supply chain to full operation might actually help stem the shortages but more frequent restocks.

So imho you gamble how you want reallly, it can be tight squeeze for 6 months or it can be 3 months max run.

Supply issue isn’t great for amd and NVidia as customers get angry directly at them. And market hates the void. So from exonomics 101 we know shouldn’t let market run waiting long or they risk their own core biz. (Gov stepping in, competition emerging etc).

It is imho hard play. But in term of one Q I would say:

Calls on AMD, NVidia. Puts on intel for gen 11 cpu release.

Calls on intel of new discrete gpu will have supply and performance of at least rtx 3060.

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I'm starting to worry that I have gotten too tech heavy, but I still feel good about my portfolio going forward. Here it is:

Deere -Caterpillar -Disney -Square -Starbucks -Paypal - Amazon - GM - Microsoft - Apple - Tesla - Dollar General - Nvidia - Adobe - Etsy - Nike - Mastercard - Enphase - ARK G - ARK Q

And I have my eye on Boeing and Vulcan Materials. Anything I should consider adding? Trimming off? All advice is welcome!

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While you guys do that, other stocks are passing you by. Moderna made some huge moves in 5 days. Apple in last month. JPM just had a killer Q. I'st down for some reason but that won't last. I made a boatload on money betting on OXY when it was in single digits. If you aren't will to trade you really have made or lost anything but there is a opportunity cost to holding and not diversifying. Not advice, just my experience. Disclosure- I am long everything I mentioned above, I am not invested in options. I am holding 8 GME for prosterity sake.

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I find that one can easily fall into the trap of trying to keep too many balls in the air, only to realize it wasn't juggling lessons you needed, nor mystic cheese pizza with pineapples (a serious crime), but .... psyche ... all along, in this shell game, you'd tricked your mechanical selves.

Which is to stay, watch, wear your all off lamers are ogling... the only orbs that size are up here closer to my nose...

How many decades ago are we talking? Sure you haven't been assuming that the party line was staffed by a single operator? Just because they've got similar accents... well that happens a lot when you live and work together for years before going your separate ways.

Since then, the expediter of these elevator pitches has probably been more the understudy for the role, going on four years. With occasional appearances by the younger body double, as she's even more of a looker, but avoids the magic rooms these days. Or so she tells me.

Maybe we can do a dual AMA via Zoom or something :)

Me? I'm the nerdy, wordy, but decidedly not Q or BASIC, bitch. Physicist, mathematician, software developer, entrepreneur, Security Bug Bounties (the latest an $85,000 one from Apple.

Archer, fencer, marksman, agnostic pantheist, martial artist, atom smasher, cat juggler, contact juggler, writer, poet, composer, pianist, guitarist, bassist, drummer, trombonist, maker, electrical engineer, mechanical engineer, invertebrate punster (so slug me), bisexual (pansexual and especially sapiosexual), polyamorous in principle, though most typically monogamous by predilection, and tenaciously loyal to a fault.

Also, to be absolutely clear, without the memes and tropes --

I'm a woman. I happen to have required some reconstructive surgery on my genitals in order to correct things down there. Last and final operation in that respect was in 2010. And my voice has become the deepest its ever been, after stitch failure following surgery on my vocal folds in 2016. Briefly, in 2017, my voice was in the mezzo-soprano range, and I, being accustomed to straining and lifting my larynx to sound more feminine... well I kinda miss those few months of sounding kinda "girlish", especially in falsetto.

I force myself to talk outloud a lot, even if I'm alone, partly to exercise and try to keep clear my vocal cords. I was experiencing a bit of dysphonia until I got into that habit a couple of years ago.

For more details, check the AMA post on my profile

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Good morning r/FI friends! Today's community question is:

What is your go-to breakfast and what does it cost?

Since last posting this q five months ago, I now just eat a single apple for breakfast. It is roughly $3/bag for 2lbs of these bougie EverCrisp apples and the average apple I eat is like 4 ounces, so it is like $.38 if I am mathing correctly.

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A lot of people want to be the Apple of something or another. Does Apple "swoop in" for many of them?

What we heard from Henrik Fisker himself was that he pitched an idea to Apple and Tim Cook but got no response. Apple is looking for a manufacturer, Foxconn and Magna are those, Fisker is not, Fisker relating to either one doesn't put them in any sort of relation to Apple.

There's basically no positive reason to think there's any direct involvement between Apple and Fisker right now.

I'm on VPN right now but I believe it was this interview, just 3 months ago.

https://www.youtube.com/watch?v=wetHu1ezI-Q

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Excellent post. I said this further on down the thread, but if you don't mind, I'd like to piggyback off your comment because I think you can see some echoes of the risks you are talking about:

If you do invest in Chinese companies, please be aware of the heightened political and regulatory risks, especially for foreign investors. For one, please be aware of the Variable Interest Entity (VIE) structure (and don't confuse that with an ADR; they are not the same, as explained here: https://www.bogleheads.org/forum/viewtopic.php?t=292674). For two, please be aware that foreign nations may decide they have had enough of forced "joint ventures" (JVs) with state-owned entities (SOEs) and retaliate accordingly.

First, VIE structure. As a foreign investor, Chinese law restricts you from outright owning a share or stake in a Chinese company (many of which are state-owned). Enter the VIE structure: a Chinese company establishes a wholly-owned subsidiary (often in the Cayman Islands), which then is the company that is listed on a foreign exchange, allowing foreigners to invest. Foreign investors are not buying a stake in the Chinese company; instead, they are buying a contractual promise that the Chinese company will share its earnings and profits with the Cayman subsidiary, which then will be passed on to the investor. https://www.google.com/search?client=safari&source=hp&ei=s0X7X-WdB8fWtQbdhpCADg&q=vie+chinese+companies&oq=vie+chinese+companies&gs_lcp=ChFtb2JpbGUtZ3dzLXdpei1ocBADMgUIABDJAzIGCAAQFhAeOgsIABCxAxDHARCjAjoECAAQAzoICAAQxwEQowI6BQguELEDOgIIADoFCAAQsQM6CggAELEDEIMBEAo6CAgAELEDEIMBOgIILjoFCAAQkgM6CwgAEMcBEK8BEMkDOggIABDHARCvAToECC4QCjoICAAQFhAKEB46BQghEKABUP8mWMFLYO1MaABwAHgAgAGNAYgB0xGSAQUxMC4xMZgBAKABAbABAA&sclient=mobile-gws-wiz-hp

Now let’s say NIO gets pumped; a lot of foreign money flows into it. The CCP then turns around and says, “Great, NIO has a lot of foreign money, pull the plug on the VIE and nullify the contracts.” Now the Chinese company has all your money, and you likely have no judicial recourse or remedy like you’d have here with a pump-and-dump in the States.

And if you don’t think the CCP would do such a thing, remember, in 1997, they signed a treaty to honor the Hong Kong system until the 2047. They went into Hong Kong via the National Security Law anyway, in breach of the treaty.

Think Darth Vader to Lando in Cloud City: “I am altering the deal, pray I do not alter it further.” That’s the CCP.

Second, the pattern of forced JVs with SoEs as a condition to doing business in China. Here is how the Chinese government historically has treated foreign companies. What follows is a key excerpt from https://www.google.com/amp/s/www.nytimes.com/2020/01/15/business/china-technology-transfer.amp.html

“China has repeatedly shown that it can acquire technology and, through heavy government subsidies, build competitive rivals to American companies. Businesses worry that it could do the same in other industries, like software and chips.

China has long denied that it forces foreign companies to give up technology. They do it willingly, Beijing asserts, to get access to China’s vast and growing market. Still, Chinese officials say they are taking steps to address the concerns.

...

American companies say Chinese companies also use more subtle tactics to get access to valuable technology.

Sometimes China requires foreign companies to form joint ventures with local firms in order to do business there, as in the case of the auto industry. It also sometimes requires that a certain percentage of a product’s value be manufactured locally, as it once did with wind turbines and solar panels.

The technology companies Apple and Amazon set up ventures with local partners to handle data in China to comply with internal security laws.

Companies are loath to accuse Chinese partners of theft for fear of getting punished. Business groups that represent them say Chinese companies use those corporate ties to pressure foreign partners into giving up secrets. They also say Chinese officials have pressured foreign companies to give them access to sensitive technology as part of a review process to make sure those products are safe for Chinese consumers.

Foreign business groups point to renewable energy as one area where China used some of these tactics to build homegrown industries.

Gamesa of Spain was the wind turbine market leader in China when Beijing mandated in 2005 that 70 percent of each wind turbine installed in China had to be manufactured inside the country. The company trained more than 500 suppliers in China to manufacture practically every part in its turbines. It set up a plant to assemble them in the city of Tianjin. Other multinational wind turbine manufacturers did the same.

The Obama administration questioned the policy as a violation of World Trade Organization rules and China withdrew it, but by then it was too late. Chinese state-controlled enterprises had begun to assemble turbines using the same suppliers. China is now the world’s biggest market for wind turbines, and they are mostly made by Chinese companies.“

In sum, if you are going to invest in Chinese companies for the long-term--even the big, less risky ones--please do be aware if you are a foreign investor that you are facing increased political and regulatory risks you likely don't face by investing in other parts of the market.

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If you do invest in Chinese companies, please be aware of the heightened political and regulatory risks, especially for foreign investors. For one, please be aware of the Variable Interest Entity (VIE) structure (and don't confuse that with an ADR; they are not the same, as explained here: https://www.bogleheads.org/forum/viewtopic.php?t=292674). For two, please be aware that foreign nations may decide they have had enough of forced "joint ventures" (JVs) with state-owned entities (SOEs) and retaliate accordingly.

First, VIE structure. As a foreign investor, Chinese law restricts you from outright owning a share or stake in a Chinese company (many of which are state-owned). Enter the VIE structure: a Chinese company establishes a wholly-owned subsidiary (often in the Cayman Islands), which then is the company that is listed on a foreign exchange, allowing foreigners to invest. Foreign investors are not buying a stake in the Chinese company; instead, they are buying a contractual promise that the Chinese company will share its earnings and profits with the Cayman subsidiary, which then will be passed on to the investor. https://www.google.com/search?client=safari&source=hp&ei=s0X7X-WdB8fWtQbdhpCADg&q=vie+chinese+companies&oq=vie+chinese+companies&gs_lcp=ChFtb2JpbGUtZ3dzLXdpei1ocBADMgUIABDJAzIGCAAQFhAeOgsIABCxAxDHARCjAjoECAAQAzoICAAQxwEQowI6BQguELEDOgIIADoFCAAQsQM6CggAELEDEIMBEAo6CAgAELEDEIMBOgIILjoFCAAQkgM6CwgAEMcBEK8BEMkDOggIABDHARCvAToECC4QCjoICAAQFhAKEB46BQghEKABUP8mWMFLYO1MaABwAHgAgAGNAYgB0xGSAQUxMC4xMZgBAKABAbABAA&sclient=mobile-gws-wiz-hp

Now let’s say NIO gets pumped; a lot of foreign money flows into it. The CCP then turns around and says, “Great, NIO has a lot of foreign money, pull the plug on the VIE and nullify the contracts.” Now the Chinese company has all your money, and you likely have no judicial recourse or remedy like you’d have here with a pump-and-dump in the States.

And if you don’t think the CCP would do such a thing, remember, in 1997, they signed a treaty to honor the Hong Kong system until the 2047. They went into Hong Kong via the National Security Law anyway, in breach of the treaty.

Think Darth Vader to Lando in Cloud City: “I am altering the deal, pray I do not alter it further.” That’s the CCP.

Second, the pattern of forced JVs with SoEs as a condition to doing business in China. Here is how the Chinese government historically has treated foreign companies. What follows is a key excerpt from https://www.google.com/amp/s/www.nytimes.com/2020/01/15/business/china-technology-transfer.amp.html

“China has repeatedly shown that it can acquire technology and, through heavy government subsidies, build competitive rivals to American companies. Businesses worry that it could do the same in other industries, like software and chips.

China has long denied that it forces foreign companies to give up technology. They do it willingly, Beijing asserts, to get access to China’s vast and growing market. Still, Chinese officials say they are taking steps to address the concerns.

...

American companies say Chinese companies also use more subtle tactics to get access to valuable technology.

Sometimes China requires foreign companies to form joint ventures with local firms in order to do business there, as in the case of the auto industry. It also sometimes requires that a certain percentage of a product’s value be manufactured locally, as it once did with wind turbines and solar panels.

The technology companies Apple and Amazon set up ventures with local partners to handle data in China to comply with internal security laws.

Companies are loath to accuse Chinese partners of theft for fear of getting punished. Business groups that represent them say Chinese companies use those corporate ties to pressure foreign partners into giving up secrets. They also say Chinese officials have pressured foreign companies to give them access to sensitive technology as part of a review process to make sure those products are safe for Chinese consumers.

Foreign business groups point to renewable energy as one area where China used some of these tactics to build homegrown industries.

Gamesa of Spain was the wind turbine market leader in China when Beijing mandated in 2005 that 70 percent of each wind turbine installed in China had to be manufactured inside the country. The company trained more than 500 suppliers in China to manufacture practically every part in its turbines. It set up a plant to assemble them in the city of Tianjin. Other multinational wind turbine manufacturers did the same.

The Obama administration questioned the policy as a violation of World Trade Organization rules and China withdrew it, but by then it was too late. Chinese state-controlled enterprises had begun to assemble turbines using the same suppliers. China is now the world’s biggest market for wind turbines, and they are mostly made by Chinese companies.“

In sum, if you are going to invest in Chinese companies for the long-term--even the big, less risky ones--please do be aware if you are a foreign investor that you are facing increased political and regulatory risks you likely don't face by investing in other parts of the market.

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Y'all know this $#it is the future. Why are we sitting back allowing these greedy @$$holes to load up on our dime? It's time to get this inevitable buyout trending once and for all.

Get your little twittle diks out and start blasting their partners. Let's get this bidding war started.

@elonmusk @JeffBezos @Apple @Facebook @sundarpichai

#FREEBLACKBERRY $BB How about a couple decades of EV/IoT data & security dominance for a fraction of market value? QNX and IVY on sale now courtesy of @JohnChen @BlackBerry BoD and Fairfax manipulation.

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Define "Boomer" - Love Mom and the home of your inheritance. JK, I own both and I see the same thing - sort of sideways. And Apple with a Q of a life time and it drops, that is frustrating. I am holding on to both regardless. AAPL will benefit from 2 things, opening their stores back up and stimulus checks. Both are on the way. I think Amazon (and AWS) are both growing. AMZN likely won't even look like it does today in 3-5 years, drone and pharmacy to name 2. In less that a year, my AMZN is up 100% and not by any stretch do I think it'll grow by another 100%, I just happened to have bought on that fateful day of a halted stock market. I won't sell before March wahtever day that was, the 16th or 17th because I can wait for LT gains. If I sell at all it'll be 1 of 10 shares in 2021. AAPL, I am long 400 shares and holding. Short interest of both is extremely low.

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Magnachip has a good chance to get into the iPhone13, as Samsung is the sole supplier of OLED LPTO panels to the iPhone13 (noted below), and Magnachip has one of the best OLED DDIC drivers, the 28nm chip that supports HFR, 120hz and LPTO as noted below.

Some background on Magnachip Semiconductor as they are the leading independent supplier of OLED DDIC and they tapped out the industry leading chip, the 28nm OLED DDIC back in 2019 for the current transition of 5G smartphones that are adapting OLED panels, as noted in a recent press release.

https://finance.yahoo.com/news/magnachip-ranked-no-1-global-120000808.html

Raj Gill from Needham noted back then this chip could make it into the next generation of iPhones.

May 1, 2018 – Magnachip upgraded by Needham and company citing

“Importantly, while still unknown, we believe MX is in a good competitive position to be a second source to Apple for the OLED DDIC next year as it is taping out a 28nm OLED DDIC with exceptional low-power." Link below.

https://www.streetinsider.com/Analyst+Comments/Magnachip+Semiconductor+%28MX%29%3A+OLED+Regains+Momentum+-+Needham+%26+Company/14125971.html

Listen to the Needham Growth Conference with Magnachip CEO

They recently participated in the 23rd annual needham growth conference on January 12th. A lot of this analysis is based on this call. Link below to the recorded call with Raj Gill from Needham and YJ the CEO of Magnachip. Start listening from 15:30 as Raj Gill asks questions.

Registration is easy….just put in your info no account is created, it takes you straight to the presentation from YJ Kim of Magnachip.

https://wsw.com/webcast/needham103/register.aspx?conf=needham103&page=mx&url=https%3A//wsw.com/webcast/needham103/mx/1895262

  1. Listen to the whole thing of you like…Q&A starts at 15:30 which supports my thoughts on a Q4 beat and possibly an iPhone13 OLED DDIC driver design win later as noted below.

  2. At 20:20 in the interview Magnachip’s CEO YJ Kim states and I am paraphrasing “Q4 guidance was based on numbers given from my foundry partners, Global Foundries and another foundry partner. We were able to get more supply from both of our foundry partners as a result of our C-level and my direct customer putting weight on the foundry partners”

  3. At 21:35 Raj Gill and YJ Kim discuss that Magnachip is working with a 3rd foundry partner to expand capacity for OLED DDIC drivers. In my option this will raise the target numbers for fiscal year 2021 for their OLED DDIC business and I suspect this 3rd foundry partner is TSMC as noted by DigiTimes below.

TSMC in talks for new orders for OLED driver IC (subscription required to read the whole article)

Monica Chen, Hsinchu; Jessie Shen, DIGITIMES

Wednesday 18 November 2020

TSMC is in talks with a Korean client for manufacturing OLED driver ICs using the foundry's 28nm high-voltage process, according to industry sources.

The new orders would further tighten TSMC's 28nm process capacity, which has seen strong demand despite its higher quotes than those offered by other foundry houses, the sources indicated.

https://www.digitimes.com/news/a20201118PD200.html

  1. At 35:40 in the conference Raj Gill from Needham references an article that Samsung will be the exclusive supplier for LPTO OLED panels to iPhone13. and he asks JY KIM – what does that mean for your business? YJ Kim responds and I am paraphrasing “We support LPTO display requirements with our display chip already. In addition we have a strong relationship with the top OLED panel makers”

Raj Gill is most likely referring to this article in the Korean Press from 01/06/2021– TheElec.com - Samsung to be the exclusive supplier of LTPO OLED for next iPhone 13

http://www.thelec.net/news/articleView.html?idxno=2128

Magnachip could very well have the 28NM - OLED DDIC chip design win with Samsung panels / LPTO with Magnachip's OLED DDIC.

This is YJ Kim Magnachip CEOs comments from Q3 earnings that supports many design wins with next generation 5G smartphones:

5G momentum: We are enjoying the booming 5G smartphone industry especially with High Frame Rate (HFR) OLED DDIC. In Q3, we were awarded 8 new design wins, and 7 of them were 5G and HFR models using 28 nm process. You may recall that our revenue from 5G smartphones counted for about 20% of the total OLED revenue in 1H 2020. In Q3, 5G revenue represented about 40% of the OLED revenue. According to the market data, the global 5G smartphone shipment in 2020 will be about 200 million units, and it will likely to be more than double in 2021.

Authors comment - iPhone 13 will support HFR, 120HZ and LPTO - WHO, WHO ELSE CAN GIVE THEM THE OLED DDIC DRIVER FOR THIS BESIDES MAGNACHIP? LISTEN TO THE CALL, RESEARCH THESE LEADS AND DECIDE FOR YOURSELF.

Disclosure - I hold long positions in Magnachip

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It's more Trump phenomenon to me than Q. Trump was a random populist movement. Q is a centrist military psyop. There's a lot of silent holders of GME just like there was a huge 'silent majority' that voted for Trump. Q was about following one singular information source and it's stories. Trump was about following an iconic figure and the populist frenzy surrounding it. GME would be like QAnon if DFV had presented himself as an all-knowing information source and we hung on to his every word and narrative and biding time for some kind of secretive coup. This is a bunch of random apes trying to jump in on a movement to upset the apple cart.

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just saying, there was NO search interest for Silver until AFTER all the MSM news started reporting about it, its a totally planted non-story:

https://trends.google.com/trends/explore?date=now%207-d&geo=US&q=gamestop%20stock,amc%20stock,gme%20stock,apple%20stock,silver

so do what you will, but realize we're only talking about it at all because THEY wanted us to. big distraction.

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Amazon is prime (pun intended) for a big week. It had killer earnings last Q and did nothing, it traded sideways since then, and has traded down in the lead up to it's Tuesday report.

(Unlike Apple that gained over 10% on the way to it's earnings).

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you can fight it if you want, but AMC has the actual publics support, not just meme bois on reddit. don't believe me look at the data for yourself, direct from google:

https://trends.google.com/trends/explore?date=now%201-d&geo=US&q=gamestop%20stock,amc%20stock,gme%20stock,apple%20stock

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Tesla isnt a car company it's a tech company. Like apple isnt just a computer company.

Here is a really great resource that lays out the bull case for tesla. Skip to the 4min mark. Only goes for 20mins then its just Q&A bur well worth your time if you really want to understand why tesla is valued as it is.

https://youtu.be/Z6sVutg9Z3g

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iPhone sales were down last Q because the 12 wasn’t released on time.

You will see great iPhone sales in the 4th Q. Up 21% year over year.

You’re thinking about Apple. Don’t think about it. Own it and forget it.

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I lived through the dot.com bubble and the difference between then and now is that back then most of those companies were crap. They didnt produce a real product and benefited off the publics infatuation with the new wonders of the internet. Today is different, technologys ability is finally catching up to our imagination and our infrastructure. We can finally see how it will shape our lives instead of just imagining. If you are young just invest if the companies that are building your version of the future. My strategy is to take some risks on small companies then lock in profits and buy the big dogs like amazon, telsa and apple when they are down. I think you have good ideas, I am a big fan of ARKs and have been in ARKW for years and just recently took a position in all of them except Q. I left Q out because I felt I was covered with BOTZ and ROBO along with ARKK and ARKW. If I was picking one to invest in today I would go with ARKF, its had the least run up and is fintech which would round out your portfolio some.

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Have they released guidance for earnings yet? I seeing on the StocksTracker app it is estimated at 1.39 and last year it was est 1.14 and rep 1.25 for the same Q. I don’t see any guidance from apple though when I search for news.

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Hey

What happened in last Q 2018 and in May 2019 to Apple and Nvidia? It seems that those realtively strong stocks at that time lost a lot of value (especially nvidia). Was it because of trade tensions between US and China ?

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The fear is based in feeling defenseless when someone dings you with a mean review. People are bastards and you should feel 1000% comfortable calling them out when they bully you.

When you're a people pleaser, you rely on the outside world for good feedback and it takes practice to develop the side of you that can stand up for yourself. Sometimes it helps to have some idea, in advance, of how you'll respond to a negative review, which review sites do allow. In my experience, if you can defend a decision, you should feel comfortable responding to a negative review with your side of the story. I know of an Apple repair place that does just this -- if someone is being dishonest or unfair in their one-star review, the owner jumps on and corrects the record.

It comes down to trusting your own judgment in your decision-making, because sometimes you'll have to defend it: "I'm sorry you had a negative experience. As you'll recall, the hydrangeas were all dead when they were delivered from the wholesaler, and we had to think fast: the choice was to give you brown flowers or substitute peonies in a similar color. You agreed with this solution."

"Unfortunately we can only make recommendations for how to care for flowers after they leave our store. Leaving fresh roses in your car overnight will wilt them, which is why we recommend __________. "

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Honestly, this is a solid play. PTON has everything going for it, except that they cannot keep up with demand. Too much demand, exceeding supply. A problem they are working on. Earnings growing 100% Y/Y for 5 years. Revenue growth in the most recent Q was 232% Y/Y. Bad news of a vaccine has been priced in - leaving almost only upside available. Right now any piece of new could be a massive positive catalyst; news about expansion into China, new products, more partnerships, and this stock goes right back to new highs. The stock price reaction after the initial vaccine news was an overreaction.

For those that think this is a bike that goes no where - you're technically right and also totally missing the point. PTON is more like FB/Instagram/Apple/Netflix than a stationary bike. PTON is its own social circle with a fanatic user base gathered around a re-envisioned product experience with users subscribing at $40/month. Covid accelerated what was already happening at PTON and it also accelerated the demise of their competition, eviscerating companies like Soul Cycle.

I think you will do very well with this investment.

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> If the actual quantity of gold was fixed, companies wouldn't mine for it anymore, would they?

Well you got me there, gold must be reproducing underground in their gold baby factories. Look, you understand that there's a finite world and finite gold in that finite world, right? And if you understand that economic growth is not finite then you understand that BY DEFINITION gold standards are deflationary. Each year, global gold mining adds approximately 2,500-3,000 tonnes to the overall above-ground stock of gold. Compare that to GDP growth -- you're pulling out 139.5 billion dollars worth of gold per year. Gold is worth $1881 per ounce. You do that math on that. 32,150.7 ounces per tonne. The answer is $192 billion. Apple is worth more than that.

> You're describing commodities - they have value because they are useful, not because they were declared to be money.

The word "salary" literally comes from the word salt.

> "How do businesses grow without financing" - What? You think that banks didn't exist or lend money before the Fed?

Yes, that's my point exactly. Of course there were loans before the Fed. Loans existed, as you correctly point out. Therefore deflation means that loans must be paid back in more valuable dollars. Thank you.

> The borrower needs to earn enough income to cover their cost of interest (or they go bankrupt). If they couldn't be profitable with the 5% interest cost, they won't start that business.

That's not what you wrote, though. You wrote that they would go out of business if everybody pays a higher interest rate. That is false. Yes, too high a level of inflation can dissuade companies from starting. Too low a level of inflation (ie. deflation) means that nobody will fund a business.

> Historical crashes - Also incorrect

Well I suggest you read up on the Panic of 1819, Panic of 1825, Panic of 1837, Panic of 1847, Panic of 1857, Panic of 1866, Black Friday 24 Sep 1869 Panic of 1873, Paris Bourse crash of 1882, Panic of 1884, Panic of 1893, Panic of 1896, Panic of 1901, 1907, etc. etc. etc. etc.

You think that banks weren't small back then, or that the countries involved had no gold standard back then? Of course there were and of course they did. And then, the panics. When one or two banks go down, people start pulling their money out of ALL banks.

Ludwig von Mises is discredited, just fyi. You're reading the economics equivalent of q-anon.

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I guess going forward, using evaluation as a metric is going to be harder because of the fed's continued intervention. I am not sure if I would ever see Tesla go back to $40 (split adjusted) or Shop go back to $300. As long as one gets in at a reasonable valuation and hold for long term, they will be rewarded. TTD is a long term winner IMO; i wouldn't have sold it. Google is uniquely positioned because of their bets in Waymo and Verily. I have always valued it more than Apple because they have moonshot bets that will be monetized soon. If you noticed their 10K, their revenue from these bets grew this past Q. About the only name I recommend adding is Pinterest. If they change their model to include more of ecommerce, Pins could be a long term winner.

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What the fuck is it with boomers and Q.... that’s all I see on Facebook anymore is dumbass boomer Q posts and the odd apple pie recipe....

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Bears you had you week. Next week bulls will rise!!

Tech earnings and you know Apple and amazon crushed it. GDP expected to pop (cuz it’s backward looking a q) and Donny mango gonna be pulling out all the stops to pump the market as his last chance

Plus all the algos needs us at ath to get the max dump the day after erection

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Serious q: has Apple made a recent attempt at a television? Or whatever their version would be? It seems like such a natural and highly lucrative move that could change the way we consume entertainment and information in our home.

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So real Q: I always have so much going on in my gay account to give attention to my covered calls. I sold an apple covered call and it obviously expired under strike. Does my account get credited for the measly 200 bucks when I opened the Position on Friday or after sometime ?

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Why don’t you take a look at their sales figures? Or actually do some DD? I’m quoting facts and you’re quoting from the heart with no substance. iPhones are not delivering growth anymore, they haven’t for years. Like most OEM manufacturers, MSFT and AAPL benefitted from hardware demand of being at home, like Dell and HP.

I did my DD on both. I own both. Up over 400% and not buying anymore of either. Way fucking overvalued. TBH as an Apple investor, Apple is going to be surpassed by Samsung. Samsung actually innovates. Apple is a Fed fueled stock buyback machine.

Sources:

Apple 10-Q: https://www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019320000062/aapl-20200627.htm

MSFT 10Q: https://www.sec.gov/ix?doc=/Archives/edgar/data/789019/000156459020019706/msft-10q_20200331.htm

Read it and weep.

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Learn how to read a balance sheet. At the end of Q2 they had $93 billion in cash and $94 billion in long term debt. Net is a negative $1 billion. You only missed it by over $100 billion.

https://www.macrotrends.net/stocks/charts/AAPL/apple/balance-sheet?freq=Q

They do have a $100 billion investment portfolio. If they liquidated that, then you would be correct. But they aren't going to do that, not when they can borrow as cheaply as they can.

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Strongest stock in the market right now and everyone sold it and buy airline smh. I’m balls deep in apple call. I got the 150c 2021 and the Q 310c shit is going back to ath. Trend is still up. Edit. Comments got cut off.

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The original point didn’t have anything to do with fast food.

I am in this group. I cook qll my food normally wnd I’m now spending g less at the grocery store. When I was deceiving the extrq $600 and went grocery shopping I would get lots of fruits, vegetables, nuts for my snacks and in additions to my meals wnd I’d cook meals that I add w lot herbs wnd spices or require some wine to deglaze the pan or apple cider vinegar. I’d spend about $110 each trip.

Now when I go grocery shopping I don’t afford the extravagance of eating healthy. By cutting out all the fruits vegetables and wnd nuts I still have all the same meals calorically, just without the extras.l and i spend maybe $70

For 3.00 I can get carton of raspberries that lasts 1 to 3 days. That same 3 dollars get some q box of Oreos at 2,000 calories which will last 4 to seven days.

It has nothing to do with being lazy and and not wnting to cook. But without the extra money I kick qll the color wnd nutrients out of my meals And eat processed garbage. It’s less money and I end up eating more calories because just five Oreos is way more calories than the handful of cashews and berries I wish I was eating

On top of this really salty, sweet and or fatty foods which are the cheaper processed foods are more addicting which keep people in these shorty food cycles

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And most people have no idea what a $2.2 trillion market cap is.

It would take like 75,000 years of spending a dollar a second to buy Apple right now.

source

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“ When they come out with their new line up, IT WILL shake the market. A processor that can outscore an i9”

How about we look at the geekbench scores for a Dell Latitude E5420, an almost decade old laptop with a 2nd gen I5

Single Core - 3063

Multi Core - 5551

Now for Apples A12Z Bionic, the latest CPU designed by Apple, the same CPU in the developer transition kit.

Single Core - 1119

Multi Core - 4671

lol

https://browser.geekbench.com/v5/cpu/search?utf8=✓&q=a12z https://browser.geekbench.com/v4/cpu/15705774

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I’ve had Apple shares for many many of years and over them I’ve told myself this has to be the top q million times and almost sold.. the last time I almost sold was when it hit $1 trillion market cap. I’ve decided I’m now holding these fuckers until I die and I’m going to have my mistress put the stock certificates in my casket

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The downside is that if it crashes to well below 430, you would have to buy it at 430 while only collecting 106 for the risk. However, this is really all you need to ask yourself (which you already mentioned).

Q: Am I willing to buy 100 shares of Apple if it falls to 430?

If your answer is yes, this is a very good trade for you.

You either collect 106 bucks for free or if it falls to below 430, you buy Apple at 430, which you are ok with long term. Just remember it’ll be 100 shares per option though for risk purposes.

To do this trade (sell the 430 put), most brokers require you to put up 43k in cash/margin if you have margin since if you do end up buying 100 shares you do need to pay 43k.

This is a fairly popular trade for people who want to collect theta (call themselves ThetaGang).

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Yeah. The argument being made is that Apple split and the price did X, so the same should be reasonable here.

The spike in Apple is partially from the Q release, which had stellar information. Had the numbers been bad, the price reaction would likely have been different.

Ok, if you want to believe that TSLA quarterly was a smash hit, cool. It didn’t happen yesterday and is already baked in.

It probably will spike, but the argument comparing it to aapl is a bit goofy.

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Yea Apple Music has 40m subs which brings in about 1.2b per quarter. Google licensing is estimated to be 13b per annum. And if you read the 10-q it states the services revenue now includes an amortized portion of each iphone, ipad, and mac sale (essentially counting the “price” of Siri, maps, etc). Apple has a long history of fucking with accounting rules to fudge the numbers. Always has. Always will.

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Apple is 4:1 splitting end of August. Might be a good time to jump aboard once it happens.

From their 10-Q: On July 30, 2020, the Company announced a four-for-one split of its common stock to shareholders of record as of the close of business on August 24, 2020. Trading of the Company’s common stock will begin on a split-adjusted basis on August 31, 2020.

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Whenever the issuer decided to do a split: 1 share turns into a specified number but the share price is cut based on the split ratio.

Fidelity did a split a few years ago on many of their mutual funds (1:10 for many of I recall correctly). I believe this talks about it some (PDF): https://www.google.com/url?q=https://www.fidelity.com/bin-public/060_www_fidelity_com/documents/mutual-funds/mf-share-splits_apr2018.pdf&sa=U&ved=2ahUKEwjuvIbZgPbqAhUNWs0KHdhKD7wQFjAHegQIAxAB&usg=AOvVaw3W2zp2-mQT8IFfv9J9Bc3q

Stocks can split as well (Apple announced it today apparently). Some companies may decide to never split (see BRKA).

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My son,(Q) keep my words and store up my commands within you. 2 Keep my commands and you will live;(R) guard my teachings as the apple of your eye. 3 Bind them on your fingers; write them on the tablet of your heart.(S) 4 Say to wisdom, “You are my sister,” and to insight, “You are my relative.” 5 They will keep you from the adulterous woman, from the wayward woman with her seductive words.(T) 6 At the window of my house I looked down through the lattice. 7 I saw among the simple, I noticed among the young men, a youth who had no sense.(U) 8 He was going down the street near her corner, walking along in the direction of her house 9 at twilight,(V) as the day was fading, as the dark of night set in. 10 Then out came a woman to meet him, dressed like a prostitute and with crafty intent. 11 (She is unruly(W) and defiant, her feet never stay at home; 12 now in the street, now in the squares, at every corner she lurks.)(X) 13 She took hold of him(Y) and kissed him and with a brazen face she said:(Z) 14 “Today I fulfilled my vows, and I have food from my fellowship offering(AA) at home. 15 So I came out to meet you; I looked for you and have found you! 16 I have covered my bed with colored linens from Egypt. 17 I have perfumed my bed(AB) with myrrh,(AC) aloes and cinnamon. 18 Come, let’s drink deeply of love till morning; let’s enjoy ourselves with love!(AD) 19 My husband is not at home; he has gone on a long journey. 20 He took his purse filled with money and will not be home till full moon.” 21 With persuasive words she led him astray; she seduced him with her smooth talk.(AE) 22 All at once he followed her like an ox going to the slaughter, like a deer[a] stepping into a nooseb 23 till an arrow pierces(AG) his liver, like a bird darting into a snare, little knowing it will cost him his life.(AH) 24 Now then, my sons, listen(AI) to me; pay attention to what I say. 25 Do not let your heart turn to her ways or stray into her paths.(AJ) 26 Many are the victims she has brought down; her slain are a mighty throng. 27 Her house is a highway to the grave, leading down to the chambers of death.

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The Texas attorney general is involved in a multi-state investigation into whether Apple violated deceptive trade practices laws, although it is not clear what specific practices Texas or any other states are looking into or the current status of the investigation $AAPL

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It was built on MS-DOS, which was a retread (purchased version of Q-DOS and substantially modified from there). There has been a lot of controversy over who took what from whom and it's not completely clear. To be fair, Gates is a crackerjack programmer, and MS has put together a lot of things (and ruined quite a few more), but having known a few developers of those days the usual trajectory was that you'd take their price or they'd just take it anyway and bleed you out in court. MS great claim to fame is that they offered a standard that risk-averse businesses could count on, unlike a lot of the flakier cleverness of the day.

Windows concepts, like so many things, had their roots in Xerox's PARC project. Apple had their "windows" as did Commodore and several other players of the day.

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Tough ER week ahead: Google, Apple, NXP (semiconductor), GE, Starbucks, AMD, Facebook. Trump walking out of pressers with no Q&A probably because of his bleach and sunlight injection comments, and the leader of NK might be dead. Oh don’t forget US GDP report on Wednesday, followed by more job reports Thursday. its going to be a hell of a week. I want to believe that this EOD rally was the final hoorah for the bulls, my puts need it.. down 30k in about 3weeks 🌈🐻

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Thought it'd be helpful to chime in here.. I work on the debt side in finance, but as does anyone, we defer to lawyers for crisp black'n'white answers. OP please correct me if I'm wrong on the legal bits (or anything in general).

>So the "debt docs" in the 8-K show the credit agreement that lists date and $$$ owed? If so, why is all the info here in the 10-K? I feel dumb as a rock here.

Companies report debt levels in their 10-K/10-Q since they contribute to their balance sheet as "current portion of long-term debt" and "long term debt". Extra detail is in the accompanying notes. In SEAS, it's here. Some companies will choose to keep it high level and report the bare minimum. Other will be nice and give more detail. The "debt docs" will have the level of granularity and preciseness that lawyers, bankers and investors need.

>Edit: So at this moment, I messed up. I was still thinking the 10-K had the credit agreement, which is actually in the "amendment" link kind OP provided. The credit agreement (which talks about baskets, I assume) is not in the 10-K but rather in the credit amendment.

The original CA will ALWAYS be the fundamental reference document. Each amendment is essentially them trying to tweak or add something, either by adding new terms, changing definitions, changing terms, etc. The terms and definitions in the most recent amendment is the one to use - read another way, NEWEST TERMS AND DEFINITIONS TRUMP OLD ONES.

In the SEAS case, you'll see that Amendment 10 is sparse compared to Amendment 9. Whatever is not said in #10, you would defer to #9. If it's not said in #9, then you would defer to #8 and so forth. In this case, #9 is beefy enough, so for the sake of our high level reddit / arm-chair analysis, it should be our default governing doc without getting into the weeds too much.

>Is it alright to assume that the credit agreement talks about the terms of debt that's listed (the numbers, the $$$) in the main 10-K?

Yes. The 10-K will talk about the CA (doc governing Term Loan and RC) and other debt instruments for full disclosure. All investors have to know what is going on with the business. If a 10-K's level of detail is lacking, go to the CA.

>There are 50 or so finds in the doc for this. I assume something should strike out at me for one of them (Big letters? Under a chart?) but I have no clue what it is. What's the eye-catcher? $1,523,389,000 term loan

Yea - quicker way is to CTRL+F'ing 10-K / 10-Q. Believe this difference stems from lawyers vs. people in finance. Lawyers handle these CA's all day everyday so OP is probably more comfortable looking at those docs.

Due to paying down amort, it's now $1,507.9mm as of 12/31/2019.

>$332,500,000 revolver - Can't find this number in the doc. I assume it's the same as the 30,000 (x1000, because all the numbers in the exhibit are in thousands) + whatever 4.35%/5.17% interest?

Again, some companies are more detailed than others in 10-K/8-Ks. Link to where you can find reference of $332.5mm RC here in the CA - this is essentially their credit card limit. They can draw up to $332.5mm, subject to the negative covenants, but they only currently draw $50mm as of 12/31/2019 from 10-K.

You have the right methodology, but your 30,000 number is 2018 not 2019. And yes, everything is denominated in $000 (thousands).

>$SEAS have a $1,523,389,000 term loan due March 31, 2024
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>CTRL-F'd "March 31, 2024" and found it as the due date in other parts of the document. To tie this to the loan:

Correct

>Revolver
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>So if I understood correctly, an agreement that lets them take out up to a certain amount, up to a certain date. Thinking of it as similar to me not being able to buy more stonks until I sell off other stonks. You can't borrow more than the limit unless you pay some of it back first.

Better to assume it's like a your credit card. Let's say your Sapphire credit card gives you a limit of $5k - this is analogous to the $332.5mm RC limit they have. You and the Company can keep drawing up to the limit, but the idea is that you will pay it down when you receive your paycheck. The Company will just have to pay the L+Spread on any current borrowings. A company can theoretically borrow up to the limit and doesn't have to pay any of it back, but rarely does so for a myriad of reasons. The big reason here would probably be to avoid the 35% springing covenant.

That credit card line will expire October 31, 2023, unless the banks agree to extend it further out. This is the reason for amendments usually - they primarily are there to extend tenor/maturity and adjust pricing for whatever is market rate, but in doing so, assuming the Company is a better credit now, banks can afford them more leniency on certain covenants and other good stuff, so those can change too.

>I assume revolvers are attractive because you can borrow whenever (including a time of crisis), as opposed to a one-time loan. Got it.

Yes. It's more dynamic and fluid than a chunk of debt that hangs over you. Think of the Revolver as a credit card and the Term Loan as a mortgage. You use your credit card for daily needs and so does a Company (daily working capital, etc.).

>I found "Applicable Margin"! For both the Term B-5 and the Revolving Credit. However, since I'm dense as all hell I don't understand it. I'm guessing the "great big interest expense" is L+275, which means whateverthehell + 2.75%, and that 2.75% interest is a lot per quarter? The per quarter bit was a nice find.

Yes L+275bps = L+2.75% and 1 bp (basis point) is 0.01% - this is the lingo for people on the debt side. It's actually L+275 per annum (year), paid quarterly.

Side-fact: bps is pronounced bips and bp is a bip. Like sips but with a b.

>"Reclassification"
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>Stupid question, but this is on page F-17, right? Interesting, the 10-k description makes it sound about the Tax Act, but honestly I don't know policy so I trust your description of dumping into other baskets when the first run out of room lol.

Tax Act was the Trump tax cut for companies, which is different from the reclassification he's talking about.

Essentially there are different baskets that allow a company to load up debt. Think of it as an apple basket (apple = debt). When one fills up, you start filling up another. You can even mix and match. So if one basket is completely full and another is empty, you can split it 50/50. Obviously the baskets change with the growers he mentions above. There are definitely nuances to it depending on how old the doc is and how recent the legal technology is. OP correct me if I'm wrong, but historically in the past you used not be able to mix-and-match baskets and "reclassify" within Term Loans but could do so for HY debt.

>'Unconditional' basket. Ours is in 7.03(m) - Still can't find that (wail)
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>Edit: Found it in the amendment doc. Sneaky lil bastard. So question on this - is the doc saying that they can incur more debt unless they breach $175M, or the other way around? Bit confused on how negative covenants play a role here.

Link here of $125mm. OP said it's $125mm somewhere in the thread below. Yes, the lenders won't whine if they raise another $125mm. Tricky part is to get people to lend you that $125mm if your business is bad.

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Sales will increase but it won’t move their prices much and its a short bump in revenue that the next Q will be lower because of their normal usage. So the price will drop. You’ll have to watch those stocks if you want to make a profit. I wouldn’t bother with those. Just buy the big boys Apple, Microsoft etc.

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No it’s not up 100 percent over the last year because earnings are expected to grow by some arbitrary amount. It’s an established giant. It’s got very little growth left it’s already made it big. Now it’s about keep ing its business strong. Investors aren’t looking for strong growth when they buy large cap behemoths. They want strong business and balance sheet. Any growth is cherry on the top. Also, it’s up heavily because not QE fed printing and money managers just spamming buy on large caps . That’s probably a bigger push then anything..

Showing growth is important for small and mid caps like SQ and shop. Those need to show growth to justify this retarded valuations. Apple and msft , visa etc just need to keep being who they are.

Small downturns are always possible in any business but they can easily withstand the storm. You can’t just expect to report growth every single Q, year after year. That’s retarded.

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Really? Ulta is a beauty company and plummeted 30% on one of their earnings quarters in 2019. I don't even have to talk about Ulta lets talk about WM itself. When it reported its most recent Q in October It went form 117 to 111 in 2 days and then to 108 in a few weeks. An 8% decline. Doesn't sound that safe really. Apple has always had an extremely low PE but hasn't been above moving 10% on bad quarters overnight.

Don't ever say a company has to be a tech stock or have a high PE to be dangerous on an earnings report. I can lose my licenses or get suspended with such nonsensical words.

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Elon having a stroke is a complete edge case, but yeah. For sure. IMO, TSLA is so intertwined with the name Elon Musk that if Elon is removed from the equation, it will impact the immediate stock price and the viability of the company. Moreso than Steve Jobs at Apple or Bill Gates at Microsoft.

And it is rare to have a company so tied to one person like this... and inherent risk. An edge case risk, but still a risk that would have disastrous results on the stock price.

He is a magic man and makes stuff happen. HE does. Sure, he has hard workers around him, but he cracks the whip. Or at least that is the perception and any crack in that veneer is going to harm the stock price. I don't think it will be a little bit.

> "over-promise that will lead to under-delivery".

So, they promising 500,000 vehicles. Even if they over-deliver at 520,000, they are still at chump change in terms of revenue and volume compared to their competitors. They are a blip. And I get that you can't compare them to a car company on a 1-1 basis, but that is generally how they are currently generating revenue.

Here is what I see. They (TSLA) aren't promising a company that is worth 110 billion dollars. Even if you go by Elon's production doubling iteration he outlined in Part Duex, I have a tough time seeing how a financial statement in 5 or even 10 years is going to equate a company that is actually worth 110 billion dollar at some reasonable P/E.

It feels like hype because the market is playing like that 110 billion-dollar-worthy financial statement is going to appear at some point in the future. I don't think it is. I don't think TSLA thinks it is. And this is presuming the market cap doesn't go up and they don't dilute.

SIDE NOTE: I haven't read this Q Financial, so I am not 100% what it says.

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I agree to a point, but...

>No one is ever forced to overspend or buy something that they don’t need.

There has been a trend since the mid 90s where much if the stuff you need is deliberately made of poor quality materials and/or is designed to fail and in most cases cannot be repaired. Most recently we have seen this being challenged in the "right to repair" movement (check it out if you haven't heard about it).

In the past cheaply made cheap goods were always available but what has changed is in many segments you cannot find quality goods at nearly any price, this is all by design to steal use/equity from you. I read recently you should expect a 2,000 refrigerator to last 4-6 years. Four to six years?!? The refrigerator which came with my house is from 1991 and no matter the cost it will be repaired when it needs to be, even if that cost is $2,000. Even frugal people can feel the pinch of this deliberate theft unless they use unorthodox means.

>You don’t need a $20,000 car yet more and more Americans are taking out ridiculous car loans for more than six-year terms.

I worked wholesale cars for several years before going part time then out of the business altogether. Since about 2013 the entire US wholesale market has been artificially inflated by at least 30%. Part of it is demand, and until about 2016 part supply, but after 2016 production which ramped up in 2012-14 started hitting the block and wholesale we have not seen a dip. I still get the data and the numbers of some of the cars shock me.

Until Nov 2018 I was switching between a 2002 Saturn and a 2008 Pontiac, but I was concerned about the zero degree weather we've been seeing nearly every January here and one of them not starting because of age or component failure due to climate. I purchased my first new car ever (also first retail car purchase ever) for 17,5. I tried to use favors to go to the auction but the model I wanted at the time was trading for around 15,8 and by the time I pay the auction feels and dealer commissions I would have been at 16,5ish for a used car when the new one with warranty was another grand.

I had access to the true valuation information the public does not have, and have the skills and savvy to understand what I was getting into. John Q Public does not, I'm amazed John Q Public can dress himself in the morning. They are marks for anyone with more than a month's sales experience, but the truth is its always been that way and in order for there to be wholesale cars these rubes have to buy them new. Now for the finanically savvy, we would always buy the uses model right? Try doing that today, I mean I see $500 junk advertised for $3,000+ everywhere and even if one can scrape up the min of $10K for something half decent, they don't know what its trading for and since Cox Automotive -who owns Manheim Auctions- bought Kelly Blue Book guess what? Nobody outside the business has any accurate valuation data anymore. NADA was always fiction but KBB in the mid 00s was +/- 15% of what most stuff traded for at the time. Now? At least 30% off, probably more. This is done on purpose to help the dealers who buy from Cox's Manheim division rip you off on retail sales.

I'm all for buy cheap and run it until it dies but a lot of what has been sold since 2005 is not reliable because of Fedgov mandates which ultimately hurt poor people. Direct injections, high pressure fuel systems, CVT transaxles, turbo motors. Every one of those things had significant teething issues and except in the case of safety every one of those is inferior to the automotive tech before it.

Sorry for the rant on this point, the truth is even the educated buyer is getting reemed these days and it will only get worse. Much of this plays into the themes of planned obsolesce, really theft of equity/ownership, but on a macro scale the theme of Agenda 2030 and the [un]sustainable future.

>You don’t need the newest phone yet everyone has the newest iPhone or galaxy.

I agree, but they hooked the kids on this junk and many of them have actual addiction problems now. Couple this the fact Apple was caught sabotaging older phones' performance through "updates", they are keeping you on a lease like cycle where you cannot own the device reliably more than a certain period. IT software has been this was since the 90s, you see it with the Windows upgrades every so many years but with the difference being MSFT doesn't sabotage the older systems after the date of expiration.

I bought a rare phone on E-bay from Hong Kong last year, Samsung Galaxy Folder. Its a flip phone and a smart phone, and per usual as I've noticed nothing good is ever carried in the US markets its always abroad. I bought it not knowing for sure it would work on US cell systems but took the risk at $275 and use it daily. Because it folds the screen doesn't get damaged, and with it being somewhat modern I can get bluetooth calls in the car and go on the internet while still being able to use it as a phone for calls. Best thing I've bought in years. Everyone asks about it and when I quote them $275 on E-bay its "wow so cheap" when from my POV its the most expensive phone I have ever had and was too expensive IMO (paid $60 after rebate for Motorola VE465 in 2008, finally broke in 2014). I don't allow it to update and the cell network doesn't push them down probably because its a weird unlocked Chinese market phone. I'll be using it for years, but the truth is buyers don't have any concept of things outside this market and country. I do agree what they do is foolish, but its not all their bad choices. Some of them do too much with the phones and the prospect of them being out of support is a real business issue.

>You don’t need to eat out every morning for breakfast but yet Starbucks and Dunkin’ Donuts drive-through‘s are always busy.

One thing I've noticed among the Millennials and occasionally myself depending on the job, is they work entirely too much and we all waste far too much time in the 20th Century concept of commuting. Because of this, there really is not time to cook a proper breakfast and due to the destruction of the family unit there isn't a spouse available to have something ready before they leave for work. So they choose quick sugar and or caffeine (both of which should be regulated), I mean I agree with you but this is the reality they face. For many years I would forgo breakfast and skip to a healthy lunch, for a number of years my former employer staffed a live kitchen and I could order whatever I wanted. Instead of worrying about cooking, I literally had a standing large lunch and dinner to go order which helped me lose a lot of weight and feel wonderful. Since then my weight has been up and down, most recently I started buying protein bars at Costco (1g sugar) and using them as a breakfast and lunch substitute. But I do this funny thing called thinking, most do not.

>You don’t need to go to a bar and spend $80 on drink but yet bars are the only reason most restaurants survive. People spend $10 on mixed drinks when you can get a 750 ML bottle for as little as 17 bucks.

Absolutely right, and I say this as someone who frequented bars when he was younger. Drinking in general should be something we limit as a society more for health reasons than financial ones.

>People are borrowing on credit more than ever.

Part of this is because of the dire circumstances of the true economy in the past thirty to fifty years. Some consumer goods -regardless of quality- have become very cheap such as the 60in TV. But the cost of everything else has skyrocketed, everything you really need. I trace this back to the Nixon Shock but it seems to have accelerated in recent years probably due to all of the funny money printed since 2008.

Essentially the cycle always was grow up -> work/taxes -> family -> acquire assets and things -> retire -> expire with relatively low inflation in the background and safe investments available. Now its grow up -> work/taxes and more taxes -> acquire things but not assets (and owning nothing) -> never retire -> expire on your feet or broken in state care. You can never own anything and even if you do then its with juice because wages vs asset prices have been so divorced for thirty years you cannot even hope to "buy" without the banksters. This is the consequence of a financialized system.

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When a big ticket item sits sold out for long periods, it generally means they didnt make a lot and dont have the capacity to quickly spool up. Think whatever you want, its a successful product- I'm just saying if you think airpod pros are going to carry Apple's Q, you dont understand the scale of apple.

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Fucking hate paywalls, here is the content: (It's long and boring)

Tldr; A lot of hearsay and typical TSLAQ stuff, but nothing substantial for the stock price.

​

>Randeep Hothi was driving north on California’s Interstate 880 in April when he spotted a red Tesla Model 3. The sight was unremarkable—in Fremont, where Hothi’s parents live and Tesla has its auto plant, the electric sedans are everywhere—but this particular vehicle stood out.
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>It had manufacturer’s plates, suggesting it was a prototype of some sort. More conspicuously, it also had a camera mounted on a custom tripod rising about 5 feet above the trunk. A second camera inside the cabin pointed at the steering wheel and center console. Two passengers rode in back, behind the driver.
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>Hothi instantly surmised what was happening: Tesla was filming a demo, likely related to the Autopilot driver assistance technology that Chief Executive Officer Elon Musk had lately been talking up. Hothi tucked his white Acura in behind the sedan and started tailing it.
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>He isn’t a cop or a private investigator, and though he’s sold shares of Tesla Inc.’s stock short, he’s not a professional investor, either. Hothi is something much more dangerous: a grad student with a Twitter account. For the past few years, he’s dedicated much of his free time to the idea that Musk isn’t the successful technologist he’s widely considered to be.
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>In Hothi’s mind, Musk is an epic fraud—“the Ed Hardy shirt of tech visionaries,” “the Jar Jar Binks of technology,” or “a cross between Elizabeth Holmes and Donald Trump.” Hothi has taunted Musk about weight gain (“Is Elon lactating?”), said he benefited from apartheid in his native South Africa (“Didn’t your dad pay for your whites only schooling with his emerald mine money?”), and predicted his imprisonment (“You’ll have more reading time in jail”). The vitriol mostly stays focused on Tesla, not Musk’s other ventures—the spaceflight company, the brain-implant company, the tunnel-drilling company with the branded flamethrowers.
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>With more than 30 million Twitter followers and a steady stream of YouTube videos and podcasts from Tesla lovers around the world, Musk has plenty of fans to take his side. They shout down the gentlest critics on social media, have been known to bring doughnuts to employees during end-of-quarter pushes to get vehicles out the door, even volunteer to talk new owners through the bells and whistles. “Huge thank you to all Tesla supporters for helping with car deliveries,” Musk tweeted in September 2018. “You rock!!”
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>Hothi is part of the counterrevolution—an informal yet obsessive global fraternity of accountants, lawyers, hedge fund managers, former Tesla employees, and some randos who just love trolling. For a few years they’ve been posting sick burns and negative indicators in equal measure with a $TSLAQ hashtag appended. They research executive departures, lawsuits, customer complaints, and accidents, adding the occasional allegation of financial chicanery and a passel of puns to suggest that Tesla’s end is nigh. Shortly after the company paid $2 billion for the troubled SolarCity (co-founded by Musk and run by his cousins) in 2016, someone came up with the hashtag by combining Tesla’s Nasdaq ticker with a “Q,” the character markets tack onto a stock symbol after a company files for bankruptcy.
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>Lately, Musk and his company have had the upper hand. Tesla’s share price has more than doubled since October, thanks to a surprise quarterly profit, January’s announcement of record deliveries, and the start of production in China. Tesla short sellers lost more than $2.8 billion in 2019, according to Ihor Dusaniwsky, a managing director at analyst S3 Partners, and have already lost about that much in 2020. Some within TSLAQ have abandoned the cause. One tweeted that he “lost the vast majority of his net worth” betting against Musk and bid farewell with a series of GIFs from The Simpsons. Musk, always prepared for a victory lap, tweeted a link to Lena Horne singing Stormy Weather on Jan. 14. Hothi declined to say how much he’s personally bet against Tesla, except to say, “I look forward to making use of the capital loss carryforwards.”
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>But with Tesla, the next backlash is always right around the bend. In November, TSLAQ crowed when Musk unveiled an electric pickup called the Cybertruck and its “bulletproof” glass proved extremely vulnerable. “Watching serious people try to pretend like this #cybertruck isn’t Elon’s ‘emperor has no clothes’ moment will be fun,” wrote TeslaCharts, a prolific and widely followed account. (The stock price fell 6% the following day.) More recently, the National Highway Safety Administration said it would evaluate allegations made in a petition: The complainants say a Tesla defect can cause unintended acceleration. Tesla responded in a Jan. 20 blog post that “this petition is completely false and brought by a Tesla short-seller.” Days earlier, on Jan. 15, Tesla had overtaken Apple as America’s most-shorted stock, according to S3 data. The company is slated to report its latest quarterly earnings on Jan. 29.
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>Fearing reprisals from Musk, for whom no critic is too obscure, most TSLAQ types tweet under noms de guerre. Hothi’s is “skabooshka.” Although he speaks five languages, the alias has no special meaning. “It’s like a stupid sound,” he says. “I wanted ridiculous and enigmatic.”
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>That day on I-880, Hothi followed the Model 3 for a half-hour, snapping photos with his phone as it traveled along the East Bay’s industrial spine. The car went through a toll plaza, onto the Bay Bridge, and ultimately to Treasure Island. On April 18 he posted the photos on Twitter, along with some bearish analysis. Hothi knew Tesla had invited investors to its headquarters the following week for an Autopilot presentation. The sighting of a demo car just days before the event, Hothi argued, proved that Autopilot—“slaughterpilot,” in TSLAQ parlance—wasn’t fully baked. The investor day, he predicted, would be “saturated with false promises, misleading suggestions, and lures to credulity.”
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> Two days later, Hothi learned, to his surprise, that his real name was all over Twitter—and on a restraining order, to boot. No one served him in person, but the day after he published his tweets, Tesla lawyers had gone to a court in Alameda County and told a judge that Hothi had “stalked, harassed, and endangered” the employees in the Model 3. Tesla claimed that Hothi had been “swerving dangerously close” to the vehicle and that its employees had feared for their safety. The company also alleged that Hothi had hit a Tesla security guard with his car at the Fremont factory two months earlier and that he’d placed a portable camera mounted on a utility pole outside the factory in 2018.

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Just bought the iPhone 11 Pro after having my iPhone 7 forever. Lets see what it can do.

Also bought Samsung EarPods instead of the Apple AirPods bc I don't like how AirPods are in white and look like q tips

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? I’ve been trading for almost 12 years now haha. Everything is sooo far overextended it isn’t even funny. Apple is up 35% in 3 months. You think it’s gonna run more? The earnings this Q are gonna be a shitshow or a nothing burger. The gains have been had IMO.

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>doesn’t impress me

Alright Shania Twain

Lol sounds like somebody is projecting. Sorry it took you six paychecks to afford "THE AMAZING NEW(to you)" iPhone 6+.

I just googled "Apple tax avoidance" and there are countless articles talking about Apple hiding its profits from taxation. Not that that matters to a Apple Bootlicker such as yourself.

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Investopedia has a definition. Wikipedia is similar.
https://www.investopedia.com/terms/q/quantitative-easing.asp
I treat that as the "standard" definition. They are certainly easing a liquidity crisis. And it is the direct result of the Fed lowering interest rates, which is an easing move. They've created moral hazard, because the rates are so low, everyone is borrowing. Apple is borrowing. So now it's dried up liquidity and they have to print money to create more liquidity in order to satisfy the borrowing bubble. The express purpose of pulling treasuries out of the bond markets and put them on the books of the Fed is so this debt doesn't compete with other debt, driving up interest rates. Lower interest rates is an easing move. And if we want to stick to Repo, what's the problem? An interest rate spike. They need to lower this spike, and lowering interest rates is "easing".

And isn't QE some new made up terminology because it sounds better than "money printing"?

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Apple (from their latest 10-q):

Net sales: $53,809mm
Cost of sales: $33,582mm
Gross margin: $20,227mm (37.6%)

Tesla (or any company in a consumer cyclical industry) will never reach those margins. That's why tech companies get such high valuations. Not because they only make software.

Not to mention that Apple's main product is something that people who use it generally replace every two years (as opposed to 6-8 for cars) and is subsidized with 0% interest loans by a 'dealer network' in the US, the phone carriers (a model Tesla is loath to implement).

None of these comparisons to other cars matter because it doesn't change the bottom line of their financials: they are selling cars. Those cars may have accoutrements that other cars don't have, but they still have to sell cars.

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So a 4th camera coming out soon on the next horizon? If you want a company with "their hand in everything" look to DELL right now. AAPL only made more money this quarter cause they jacked up the prices on their phones, which is absolutely ridiculous. Had they released a $500 phone, their revenue this Q would have dropped like a rock, it's been falling since Q1. Apple TV+ might seem cool or whatever, but it's no real revenue maker compared to their hardware. Android is still the superior market capitalist, Apple dropped to number 3 this year. China, India, basically all of Asia won't even touch Apple. Their phones are ridiculously overpriced and people are getting tired of the same phone being released every year. I find it increasingly difficult for Apple to truly innovate, their stuff is only getting "faster and smarter" every year. Apple is no longer king, I'm sorry.

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You need sellers to let the price fall dumbass. It was end of Q so ofc there was exiting of positions yesterday. There was also entering of positions as well evident by the massive buys on apple and msft shares at end of day

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