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Apple Passes PetroChina to Become World's Second Largest Stock

bloomberg.com

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Re: Apple Passes PetroChina to Become World's Second Largest Stock

#11

Post by lsc »

joseakle wrote: post #6

Trefis thinks the stock is worth 361 [1][3], market price is 288 [2], the article says it reached 292, Trefis community average is at 410 [1]. There are 913.56M shares outstanding. Putting it's valuation at 263B. [2] Which is around Microsoft+Adobe+Nokia or Intel+Google or IBM+HP I´d short it if i knew how, i love mac, but this is just unsustainable. Sources: [1] https://www.trefis.com/company?ovd_urlid=26389&hm=AAPL…

sharebuilder will let you buy put options, which are probably a better idea than a naked short for most people.

Personally, I agree that Apple is way overvalued... but it is tricky to time these things. It could go up a lot before it comes down. I remember a quote "The market can remain irrational for longer than you can remain solvent" - I don't remember who said it, but it's good advice.

Re: Apple Passes PetroChina to Become World's Second Largest Stock

#12

Post by po »

jfager wrote: post #2

“There’s no reason at all Apple can’t grow much, much bigger,” said Jane Snorek, an analyst with Minneapolis-based First American Funds, which has more than $100 billion under management, with Apple as its largest technology holding. Holy Conflict of Interest, Batman. This is the kind of crap that makes financial 'journalism' so awful.

I'm not sure I get what the conflict of interest is... They got a quote from an analyst who works at a fund that is heavily invested in Apple stock. They properly cite that this person has a vested interest. Why is that bad journalism?

Re: Apple Passes PetroChina to Become World's Second Largest Stock

#13

Post by philwelch »

lsc wrote: post #11
joseakle wrote: post #6

Trefis thinks the stock is worth 361 [1][3], market price is 288 [2], the article says it reached 292, Trefis community average is at 410 [1]. There are 913.56M shares outstanding. Putting it's valuation at 263B. [2] Which is around Microsoft+Adobe+Nokia or Intel+Google or IBM+HP I´d short it if i knew how, i love mac, but this is just unsustainable. Sources: [1] https://www.trefis.com/company?ovd_urlid=26389&hm=AAPL…

sharebuilder will let you buy put options, which are probably a better idea than a naked short for most people. Personally, I agree that Apple is way overvalued... but it is tricky to time these things. It could go up a lot before it comes down. I remember a quote "The market can remain irrational for longer than you can remain solvent" - I don't remember who said it, but it's good advice.

Keynes said it: http://en.wikiquote.org/wiki/John_Maynard_Keynes

The sentiment is quite similar to his other famous quote, "in the long run we're all dead".

Re: Apple Passes PetroChina to Become World's Second Largest Stock

#14

Post by jfager »

po wrote: post #12
jfager wrote: post #2

“There’s no reason at all Apple can’t grow much, much bigger,” said Jane Snorek, an analyst with Minneapolis-based First American Funds, which has more than $100 billion under management, with Apple as its largest technology holding. Holy Conflict of Interest, Batman. This is the kind of crap that makes financial 'journalism' so awful.

I'm not sure I get what the conflict of interest is... They got a quote from an analyst who works at a fund that is heavily invested in Apple stock. They properly cite that this person has a vested interest. Why is that bad journalism?

The quote was completely vapid, from some random analyst with an obvious c.o.i., and totally unnecessary for the story. Why include it at all? Maybe I'm just cynical, but I read the disclosure of her position as ad copy as much as minimally responsible journalism.

Re: Apple Passes PetroChina to Become World's Second Largest Stock

#15

Post by po »

jfager wrote: post #14
po wrote: post #12

Earlier quoted context omitted.

I'm not sure I get what the conflict of interest is... They got a quote from an analyst who works at a fund that is heavily invested in Apple stock. They properly cite that this person has a vested interest. Why is that bad journalism?

The quote was completely vapid, from some random analyst with an obvious c.o.i., and totally unnecessary for the story. Why include it at all? Maybe I'm just cynical, but I read the disclosure of her position as ad copy as much as minimally responsible journalism.

The whole story was pretty light reporting. You're right about that. I just didn't get why that one quote in particular struck you as being representative of bad journalism.

These stories come out all the time in the financial press: Apple hit some arbitrary milestone… lets try to get a one page story out of it. As long as they're disclosing interests, I'm ok with it.

Re: Apple Passes PetroChina to Become World's Second Largest Stock

#16

Post by jfager »

po wrote: post #15
jfager wrote: post #14

Earlier quoted context omitted.

The quote was completely vapid, from some random analyst with an obvious c.o.i., and totally unnecessary for the story. Why include it at all? Maybe I'm just cynical, but I read the disclosure of her position as ad copy as much as minimally responsible journalism.

The whole story was pretty light reporting. You're right about that. I just didn't get why that one quote in particular struck you as being representative of bad journalism. These stories come out all the time in the financial press: Apple hit some arbitrary milestone… lets try to get a one page story out of it. As long as they're disclosing interests, I'm ok with it.

At the time I made the comment, the article was two paragraphs long, the first being the actual news about Apple and the second being what I quoted. It doesn't stick out from the most recent revision as much, I agree, but I still think it's a pretty bad story.

These stories come out all the time in the financial press

Which is a big reason I dislike the financial press so much. "Event + chatter from random analysts with vested interests" is a terrible template. It's lazy, boring, and uninformative, and to me counts as bad journalism even if it doesn't cross ethical lines.

Re: Apple Passes PetroChina to Become World's Second Largest Stock

#17

Post by philwelch »

jfager wrote: post #16
po wrote: post #15

Earlier quoted context omitted.

The whole story was pretty light reporting. You're right about that. I just didn't get why that one quote in particular struck you as being representative of bad journalism. These stories come out all the time in the financial press: Apple hit some arbitrary milestone… lets try to get a one page story out of it. As long as they're disclosing interests, I'm ok with it.

At the time I made the comment, the article was two paragraphs long, the first being the actual news about Apple and the second being what I quoted. It doesn't stick out from the most recent revision as much, I agree, but I still think it's a pretty bad story. These stories come out all the time in the financial press Which is a big reason I dislike the financial press so much. "Event + chatter from random analysts w…

This is really a case where you can get all the information out the headline itself (and maybe a couple numbers).
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