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Technology Stocks : Apple Inc. -- Ignore unavailable to you. Want to Upgrade?

To: Moonray who wrote (168817)	4/24/2014 7:13:41 PM
From: MGV	2 Recommendations Recommended By JP Sullivan NickLemb Respond to of 213176

Citicorp should be embarrassed. Glen Yeung, Citi: Solid Quarter on Strong iPhone Sales but Guides below Street Expectation. "The company shipped 43.72M iPhones in the quarter, above expectations for 38.45M but disappointed street estimates for iPads, shipping only 16.35M vs. consensus at 19.83M. Management cited inventory reductions as the reason iPad sales disappointed and highlighted channel inventory is now within Apple's targeted range. Management guided 3Q'14 revenues to be in the range $36-38B slightly below consensus at $38B and gross margins to be in the range 37-38%, in line with street estimates for 37.4%." Neutral. Raising price target to $570 from $560. Glen Yeung has had a neutral on Apple from 425, even as he keeps raising the price target. He is the poster child for irrelevance. What are analysts supposed to do again?

To: Moonray who wrote (168817)	4/30/2014 12:31:29 AM
From: MGV	2 Recommendations Recommended By JP Sullivan Stock Puppy Read Replies (2) \| Respond to of 213176

Retail investor psychology is the most cited and most overrated reason that the financial media and pundits have given in opining on Apple's stock split. Imv a significant reason largely has been overlooked. The 7x increase in shares and reduction in share price is going to significantly reduce the effect of the massive amount of short term options on the volatility and the incentive to manufacture volatility in Apple. Not many understand that sell-side analysts are compensated in large degree by how much volatility they influence for hedge fund and HFT clients. It is one reason why many analysts appear to be illogical through the prism of fundamental analysis and business sense. Reducing the impact of option trading in Apple will mitigate incentives to manufacture volatility by the multiple means seen surrounding Apple as Apple options have proliferated. Luca Maestri understands the point. Apple will reach $100/share post-split in 2014 imv.