So, what are folks talking about in the Starbucks I generally visit? the iPhone 6. ApplePay. The new iPads. Not one person mentioned Ebola; even at the height of the Ebola scare, it wasn't much of a topic out here. This particular Starbucks has very few regulars, mostly folks coming in and out. I assume Ebola, politics, etc., are the major topics of conversation at other Starbucks, but out here ... the iPhone.
Link here to the business story on AAPL shares hitting new all-time highs today:
As of this writing it's at $103.95, leaping past the previous high of $103.74.
There's no specific reason for the shares to be soaring today. If anything, it's a continued reaction to strong earnings on Monday, and a solid overall market for the day.
The reason investors feeling good about Apple comes down to one thing — the iPhone 6.
Apple says it is selling all the iPhones it can make. It says supply and demand aren't even on the same planet. Apple is the iPhone company, and iPhones are selling well.
Apple still isn't near it's all time highest market cap value, though. The company has bought back shares, so its market cap still lags its all-time high.Apparently the writer doesn't read Tim Cook's comments posted elsewhere. The reason Apple is soaring today: Tim Cook said yesterday that Apple isn't coming close to keeping up with demand for the new iPhone and he does not know how long this situation will last.
Oh, one other thing: if Apple does catch up with demand in the next six weeks or so, then ... the holiday season and it starts all over again.
The other reason: shorts are getting squeezed.
I cannot count the number of articles in the past three months saying AAPL has passed its peak. LOL.
This is not an investment site. Do not make any investment, financial, or relationship decisions based on what you read here or think you may have read here. I am Apple Fanboy #3; I have never owned shares in AAPL, and probably never will.
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The EOG Liberty wells have been updated / are tracked here.
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The Number Of Active Rigs In North Dakota Hanging In There
I'm impressed -- the number of active rigs hangs in there --
10/22/2014 | 10/22/2013 | 10/22/2012 | 10/22/2011 | 10/22/2010 | |
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Active Rigs | 192 | 182 | 185 | 195 | 151 |
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A Note For The Granddaughters
The mnemonic for remembering all the species of penguins (the species of penguins as listed by the Boston Aquarium, 2012, from largest to smallest in size):
EKGCAYRMESFNSMHAGLB
My Eyes See Funny Noses.
See My Hat And Gloves. Light Blue.
- Emperor
- King
- Gentoo
- Chinstrap
- Adelie
- Yellow-Eyed
- Royal
- Macaroni
- Erect-Crested
- Snares Island
- Fiordland
- Northern Rockhopper
- Southern Rockhopper
- Magellanic
- Humboldt
- African
- Galapagos
- Little Blue
IS your quote of Apple a t$700+a share a mistype. I see apple at about$103
ReplyDeleteNope: this was based on pre-split shares. AAPL recently split 7-1.
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