Advertise on Bikeforums.net



User Tag List

Page 1 of 3 123 LastLast
Results 1 to 25 of 58
  1. #1
    OnTheRoad or AtTheBeach stonecrd's Avatar
    Join Date
    Aug 2005
    Location
    Weston, FL
    My Bikes
    Ridley Noah RS, Scott CR1 Pro
    Posts
    2,170
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)

    Steve Jobs - The End?

    Well just announced that SJ is taking another leave of absence for health reasons. Does not sound like good news for SJ and timed on a market close day. Tomorrow will be an interesting day in the market, not sure what I am going to do with my AAPL, still a strong business but it will sell off tomorrow.

    Good luck SJ

    http://www.cnbc.com/id/41118102
    The problem with the gene pool is that there is no lifeguard and the shallow end is much too large

    2013 Noah RS

  2. #2
    Administrator CbadRider's Avatar
    Join Date
    Sep 2008
    Location
    On the bridge with Picard
    My Bikes
    Specialized Allez, Specialized Sirrus
    Posts
    5,844
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    He's taken a leave of absence before and the company did not crash and burn. I'm not selling my stock yet.
    Quote Originally Posted by toddles View Post
    So Tom only hires people that are nutty? Is part of the requirement to be a moderator on this site is that you have to be nuts??
    Forum Guidelines *click here*

  3. #3
    Senior Member
    Join Date
    Aug 2008
    Location
    Irving, TX
    My Bikes
    Schwinn Paramount
    Posts
    353
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    BUY! BUY! BUY!

    People say a lot about Steve and his direction to produce pretty products, but if he leaves and the company eventually migrates more towards mainstream products they will increase their market share.

    My example is the Ford Thunderbird. In 1957 it was a unique 2-seat vehicle, with very little competition. The next year they made it a 4-door, more similar to other models on the market, and doubled their sales from the previous year.

  4. #4
    Senior Member
    Join Date
    Feb 2009
    Posts
    883
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I think Steve's end is nearer rather than farther. Not sure what it'll mean for Apple.
    [SIGPIC][/SIGPIC]

    I'm fundraising for Tour de Cure in both Napa and Long Beach

    Help Support me in the Tour de Cure Ship to Shore in Long Beach
    Jimbo's Long Beach Page

    Help Support me in the Tour de Cure in Napa
    Jimbo's Napa Page

  5. #5
    Immoderator KrisPistofferson's Avatar
    Join Date
    Oct 2004
    Location
    POS Tennessee
    My Bikes
    Gary Fisher Simple City 8, Litespeed Obed
    Posts
    7,636
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I think he's hanging out with L. Ron Hubbard and Lyndon Larouche on a tropical island somewhere, laughing at all the rubes.
    Quote Originally Posted by Bikeforums
    Your rights end where another poster's feelings begin.

  6. #6
    Senior Member
    Join Date
    Aug 2008
    Location
    Irving, TX
    My Bikes
    Schwinn Paramount
    Posts
    353
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Not sure what it'll mean for Apple.
    Apple stock might dip at first, but the company is very busy, and with the potential sales through Verizon, and new products to be introduced for ATT, their revenue should go up with stock prices to follow.

  7. #7
    Peloton Dog patentcad's Avatar
    Join Date
    Nov 2005
    Location
    Chester, NY
    My Bikes
    2013 Scott Foil, 2009 Scott Addict R2, 2008 Cervelo P3 TT bike, 2008 Motobecane Fly Ti Hard Tail MTB
    Posts
    56,333
    Mentioned
    37 Post(s)
    Tagged
    1 Thread(s)
    The stock will sell off $20-$25/share at the open. By mid morning to lunchtime it will start rebounding as every hedge fund and mutual fund manager in NY who is kicking themselves for not being long APPL start to pile in. By the close tomorrow the stock will be off $10-$15 share from the closing price Friday ($348). Then tomorrow night they announce their quarterly results (I anticipate the Mother of All Blowouts) and that won't hurt the stock. But you never know with quarterly calls, one hint of disappointment can be used as an excuse to take profits. But the selloff tomorrow will mitigate some of that.

    I'm not in APPL for what happens tomorrow. I'm in the stock because I think 12-18 months hence it's a $425-$450 stock. And Jobs' health won't really impact that, the company's game plan is locked in for that time period now, as is their growth. The potential impact of Steve leaving Apple? That's longer term, they would miss his amazing vision. I am however very confident in T. Cook taking the reins and in the team at Apple. I have a substantial position in APPL and I am unconcerned. It's a company that's approaching $100 billion in annual sales. They are better off in many ways not having their market value hanging on one mortal human being who is one plane crash, illness or mishap away from eternity (as are we all). And nobody understands that better than Mr. Jobs.

    For all we know he's using this as a way to bow out when the company can most easily absorb the news; the day before they announce their best quarter ever. Not for nothing, but after his last medical leave, people and Wall Street got used to him being gone, and I think the Jobs Factor was largely neutralized with respect to the stock value.

    That's business. I admire Jobs as a visionary and business person, and I really hope he gets his health back soon. The world would sure be a sadder place without him.

  8. #8
    BF Risk Manager
    Join Date
    Mar 2006
    Location
    Snohomish County, Washington USA
    My Bikes
    Road, mountain and folding
    Posts
    896
    Mentioned
    2 Post(s)
    Tagged
    0 Thread(s)
    Perhaps even now, Apple scientists are working feverishly on iLiver.
    Regards, MillCreek
    Snohomish County, Washington USA

  9. #9
    derailleurs are overrated bigbenaugust's Avatar
    Join Date
    Feb 2005
    Location
    KIGX
    My Bikes
    2009 Motobecane Fantom CX, 2012 Motobecane Fantom Cross Uno SSCX
    Posts
    1,755
    Mentioned
    3 Post(s)
    Tagged
    0 Thread(s)
    I say they give the reins to Pcad.
    --Ben
    Carrboro Bike Coalition - putting the "bike" in "CARrboro" :)
    2011 Motobecane Fantom Cross Uno, 2009 Motobecane Fantom CX
    Previously: 2000 Trek 4500 (2000-2003), 2003 Novara Randonee (2003-2006), 2003 Giant Rainier (2003-2008), 2005 Xootr Swift (2005-2007), 2007 Nashbar 1x9 (2007-2011), 2011 Windsor Shetland (2011-2014)
    Current Linux Usage (by machine): Arch: II openSUSE: II

  10. #10
    I'm Carbon Curious 531phile's Avatar
    Join Date
    Aug 2005
    Location
    Earthquake Central
    My Bikes
    Enough
    Posts
    2,195
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Jobs is/was the Leader. Apple won't be the same without him. Though, I wouldn't mind seeing clones.

    Quote Originally Posted by avner View Post
    I loled. Twice. Then I cried. Then I rubbed one out and cried again, but thanks for sharing.

  11. #11
    Peloton Dog patentcad's Avatar
    Join Date
    Nov 2005
    Location
    Chester, NY
    My Bikes
    2013 Scott Foil, 2009 Scott Addict R2, 2008 Cervelo P3 TT bike, 2008 Motobecane Fly Ti Hard Tail MTB
    Posts
    56,333
    Mentioned
    37 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by 531phile View Post
    Though, I wouldn't mind seeing clones.
    You don't get it.

  12. #12
    Peloton Dog patentcad's Avatar
    Join Date
    Nov 2005
    Location
    Chester, NY
    My Bikes
    2013 Scott Foil, 2009 Scott Addict R2, 2008 Cervelo P3 TT bike, 2008 Motobecane Fly Ti Hard Tail MTB
    Posts
    56,333
    Mentioned
    37 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by x136 View Post
    *ahem* Apple's stock ticker is AAPL *cough*
    And so it is. But the trading symbol for Pcad remains FRED.

  13. #13
    OnTheRoad or AtTheBeach stonecrd's Avatar
    Join Date
    Aug 2005
    Location
    Weston, FL
    My Bikes
    Ridley Noah RS, Scott CR1 Pro
    Posts
    2,170
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I agree the company fundamentals are strong and they have a good two years of growth with existing products. However, without Jobs vision it will be hard to see where the company goes beyond that horizon. I have a 10% trailing stop on AAPL and if it triggers I will let it sell and watch to get back in if it goes lower. I am sure their report will kick butt, but in the end if he is really sick again I expect all of the trading to be very opportunistic and it becomes more of a short term play than a long term hold for me
    The problem with the gene pool is that there is no lifeguard and the shallow end is much too large

    2013 Noah RS

  14. #14
    Peloton Dog patentcad's Avatar
    Join Date
    Nov 2005
    Location
    Chester, NY
    My Bikes
    2013 Scott Foil, 2009 Scott Addict R2, 2008 Cervelo P3 TT bike, 2008 Motobecane Fly Ti Hard Tail MTB
    Posts
    56,333
    Mentioned
    37 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by stonecrd View Post
    I agree the company fundamentals are strong and they have a good two years of growth with existing products. However, without Jobs vision it will be hard to see where the company goes beyond that horizon.
    Two years in investing is like a millennium. In trading it's like eternity.

  15. #15
    OnTheRoad or AtTheBeach stonecrd's Avatar
    Join Date
    Aug 2005
    Location
    Weston, FL
    My Bikes
    Ridley Noah RS, Scott CR1 Pro
    Posts
    2,170
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by patentcad View Post
    Two years in investing is like a millennium. In trading it's like eternity.
    I started investing/trading around 1995, NASDAQ was at $750 AAPL was $9 and I was not buying tech at that time. Lived in San Jose during the bubble and watch things go to $5000 and back down to $1100 (AAPL $38), still never bought Apple . Now NASDAQ is $2600 and AAPL is $340, I got in at $200.

    So long term investing pays off but people want to win the lottery these days and if you gamble you lose more than you win. There is investing and there is trading, I do both, AAPL is a trade for me.
    The problem with the gene pool is that there is no lifeguard and the shallow end is much too large

    2013 Noah RS

  16. #16
    Peloton Dog patentcad's Avatar
    Join Date
    Nov 2005
    Location
    Chester, NY
    My Bikes
    2013 Scott Foil, 2009 Scott Addict R2, 2008 Cervelo P3 TT bike, 2008 Motobecane Fly Ti Hard Tail MTB
    Posts
    56,333
    Mentioned
    37 Post(s)
    Tagged
    1 Thread(s)
    AAPL is an investment for me. It's going to $400+ by year end. I think once AAPL gets up into the $450-$500 range, it starts getting much harder for it to go higher, but I do think that's where it's going over the next 18 months.

  17. #17
    Peloton Dog patentcad's Avatar
    Join Date
    Nov 2005
    Location
    Chester, NY
    My Bikes
    2013 Scott Foil, 2009 Scott Addict R2, 2008 Cervelo P3 TT bike, 2008 Motobecane Fly Ti Hard Tail MTB
    Posts
    56,333
    Mentioned
    37 Post(s)
    Tagged
    1 Thread(s)
    What will happen is this: AAPL gets up into that $450-$600 range, then maybe it stalls for a year or two. The pile of cash at Apple starts to approach or exceed $100 billion. The shareholders get restless. AAPL morphs from a growth stock to a relatively go nowhere stock like Intel or Microsoft, and eventually Apple has to issue a dividend and maybe split the stock. The one factor preventing a stock split or a dividend is Jobs, he is dead set against it. So in some ways, his departure is good news for shareholders.

    Don't get me wrong, I love what Jobs has done for Apple and technology, but as a shareholder, the fate of my investments held hostage to the fate of one individual has gotten rather old. That's never good for a company or its stock.

  18. #18
    OnTheRoad or AtTheBeach stonecrd's Avatar
    Join Date
    Aug 2005
    Location
    Weston, FL
    My Bikes
    Ridley Noah RS, Scott CR1 Pro
    Posts
    2,170
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by patentcad View Post
    What will happen is this: AAPL gets up into that $450-$600 range, then maybe it stalls for a year or two. The pile of cash at Apple starts to approach or exceed $100 billion. The shareholders get restless. AAPL morphs from a growth stock to a relatively go nowhere stock like Intel or Microsoft, and eventually Apple has to issue a dividend and maybe split the stock. The one factor preventing a stock split or a dividend is Jobs, he is dead set against it. So in some ways, his departure is good news for shareholders.

    Don't get me wrong, I love what Jobs has done for Apple and technology, but as a shareholder, the fate of my investments held hostage to the fate of one individual has gotten rather old. That's never good for a company or its stock.
    I hope that scenario plays out, it will open 5% down so my sell trigger will hold, earnings will be good and that should hold things. I really expect that SJ now has to provide some transistion plan to street, he was able to get away without it in the past but the board would be negligent if they don't do something at this point. If the transition is Cook then everyone will relax as he is a known entity and the product pipeline and sales are strong. If they go another direction it will lead to uncertaintly and more stock churn. I plan to keep my exit strategy in place which will ensure that I get enough profit out that I will not be kicking myself.
    The problem with the gene pool is that there is no lifeguard and the shallow end is much too large

    2013 Noah RS

  19. #19
    Senior Member Zaneluke's Avatar
    Join Date
    Oct 2008
    Location
    Germantown MD
    My Bikes
    Trek Y-5
    Posts
    279
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    I feel bad for him. He has a fatal cancer. Question is not "if" but "when"

  20. #20
    Peloton Dog patentcad's Avatar
    Join Date
    Nov 2005
    Location
    Chester, NY
    My Bikes
    2013 Scott Foil, 2009 Scott Addict R2, 2008 Cervelo P3 TT bike, 2008 Motobecane Fly Ti Hard Tail MTB
    Posts
    56,333
    Mentioned
    37 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by stonecrd View Post
    I hope that scenario plays out, it will open 5% down so my sell trigger will hold.
    Oh stop. How long have you been doing this? My scenario is a long term macro view, you can't make silly pronouncements like 'it will open 5% down' from that. When were you hoping for that? February 2012? Which week? Before or after the End of Days?

  21. #21
    Peloton Dog patentcad's Avatar
    Join Date
    Nov 2005
    Location
    Chester, NY
    My Bikes
    2013 Scott Foil, 2009 Scott Addict R2, 2008 Cervelo P3 TT bike, 2008 Motobecane Fly Ti Hard Tail MTB
    Posts
    56,333
    Mentioned
    37 Post(s)
    Tagged
    1 Thread(s)
    I hope they announce a significant stock buyback at the quarterly call tonight. Much smarter deployment of funds than to have it sitting in a friggin giant virtual 1% mattress.

  22. #22
    Immoderator KrisPistofferson's Avatar
    Join Date
    Oct 2004
    Location
    POS Tennessee
    My Bikes
    Gary Fisher Simple City 8, Litespeed Obed
    Posts
    7,636
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Two bits of reality from such disparate sources as medical science and economics:

    1. Pancreatic cancer kills you.

    2. Bubbles burst.





    Quote Originally Posted by Bikeforums
    Your rights end where another poster's feelings begin.

  23. #23
    Senior Member ravenmore's Avatar
    Join Date
    Apr 2005
    Location
    Austin, TX
    Posts
    8,059
    Mentioned
    1 Post(s)
    Tagged
    0 Thread(s)
    Didn't apples stock flounder when Job's left the first time?
    Ravenmore's Pictures
    Ravenmore's Photo Blog

    Mean people are like slinkys. They're really not worth much but still are rather entertaining to watch tumble down the stairs.

  24. #24
    OnTheRoad or AtTheBeach stonecrd's Avatar
    Join Date
    Aug 2005
    Location
    Weston, FL
    My Bikes
    Ridley Noah RS, Scott CR1 Pro
    Posts
    2,170
    Mentioned
    0 Post(s)
    Tagged
    0 Thread(s)
    Quote Originally Posted by patentcad View Post
    Oh stop. How long have you been doing this? My scenario is a long term macro view, you can't make silly pronouncements like 'it will open 5% down' from that. When were you hoping for that? February 2012? Which week? Before or after the End of Days?
    Not pronostication they were down 5% in pre-market trading. Currently they rebounded to about 2.5% down which is magnificant considering the SJ news, means Cook has a lot of confidence behind him and everyone is wary of the getting caught on a blow out earnings report. If the earnings are not a blow out you might see more sell off tomorrow but I'm comfortable my position will hold. I plan to be in AAPL until it hits the 10% stop, may be tomorrow, may be in 5 years. Living through a few bubbles has lead me to make sure I have a solid exit and keep it in place.
    The problem with the gene pool is that there is no lifeguard and the shallow end is much too large

    2013 Noah RS

  25. #25
    Peloton Dog patentcad's Avatar
    Join Date
    Nov 2005
    Location
    Chester, NY
    My Bikes
    2013 Scott Foil, 2009 Scott Addict R2, 2008 Cervelo P3 TT bike, 2008 Motobecane Fly Ti Hard Tail MTB
    Posts
    56,333
    Mentioned
    37 Post(s)
    Tagged
    1 Thread(s)
    Quote Originally Posted by stonecrd View Post
    Not pronostication they were down 5% in pre-market trading. Currently they rebounded to about 2.5% down which is magnificant considering the SJ news, means Cook has a lot of confidence behind him and everyone is wary of the getting caught on a blow out earnings report. If the earnings are not a blow out you might see more sell off tomorrow but I'm comfortable my position will hold. I plan to be in AAPL until it hits the 10% stop, may be tomorrow, may be in 5 years. Living through a few bubbles has lead me to make sure I have a solid exit and keep it in place.
    You were saying you hoped my scenario would result in a 5% sell off. My scenario plays out by 2012, not sooner.

Page 1 of 3 123 LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •