Ghost of Igloi wrote:
Big,
Actually I bought some Apple for a client at the recent low.
Igy
Was that your idea or your client's?
Ghost of Igloi wrote:
Big,
Actually I bought some Apple for a client at the recent low.
Igy
Was that your idea or your client's?
Big,
Mine. As I said before I thought it was more attractive than other investments.
Igy
Big,
I told this client that the downside was $75-85 on the stock. That is not specific to Apple but my general belief is the market is extremely overvalued. That belief is reflected in earnings which continues to go down.
Igy
Ghost of Igloi wrote:
Big,
Mine. As I said before I thought it was more attractive than other investments.
Igy
Now you have me worried. I thought I was following the "Igy contrarian strategy". :-)
Big,
Here are S&P 500 earnings estimates at five observation points for Q1 2016, and last 12 months earnings estimate at same Q1 end.
4/15: $24.10 and $88.82
4/22 $23.34 and $88.06
4/29 $22.76 and $87.48
5/4 $22,28 and $87.00
5/12 $21.53 and $86.25
As usual Wall Street is slow to reduce earnings projections since it is bad for the narrative.
Wall Street last 12 months earnings (LTM) estimate for Q1 2017 is currently $112.72. That is currently 30% higher than current earnings trend and $6.76 higher than the record LTM of $105.96 (09/30/2014).
So you may want to want to retitle your strategy to the "Big Dog's Hopium."
Igy
Wait,...didn't you say you recommended AAPL to a client, but now your telling Big it's not so good?
Wait,
Context my friend:
I told this client that the downside was $75-85 on the stock. That is not specific to Apple but my general belief is the market is extremely overvalued. That belief is reflected in earnings which continues to go down.
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=584#ixzz48pycOliy
Context my friend, context my friend!
Igy
What am I missing? You said you bought for a client on your recommendation. But it hasn't reached your downside? Then you pick on Biggie for doing exactly what you did. Huh?
today's econ:
empire state mfgring survey reversed its feb and march strength - now negative and falling in all ways.
housing market index no change but strong - near best levels in at least 4 years.
Get lost jerk.
?
Wait,
Yu are just twisting words to your meaning. B the way Big called me out.
Igy
I honestly don't believe I've twisted anything. Perhaps you could clarify instead of insult?
Wait,
Believe what you want, you will anyway.
Igy
I believe you are avoiding the question.
Wait,
I believe you are avoiding reading or need glasses.
Igy
Please explain. I pointed out what you wrote. What part of that was misread?
Wait,
OK, you wrote:
"Then you pick on Biggie for doing exactly what you did. Huh?"
Read more:
http://www.letsrun.com/forum/flat_read.php?thread=5369837&page=585#ixzz48q97WG90
I never picked on Big for buying Apple.
So you are wrong.
Igy
Wait,
I guess I was "laying wood" to your unjustified comments.
Apparently that is an Idaho expression. See Mike Slagowski's 800m on the front page for context.
Igy
Hmmm. Suggesting he "retitle (his) strategy to the "Big Fog's Hopium"" sure seemed like a dig to me.