4 ms·

This reminds me of a "memo" I wrote to myself in June 2013. AAPL was going down for a year for no "real" reason until it hit $385.10 (before the 2014 7:1 split)

This reminds me of a "memo" I wrote to myself in June 2013. AAPL was going down for a year for no "real" reason until it hit $385.10 (before the 2014 7:1 split). I found it odd and since the numbers told another story (record high earnings, consistently decreasing debt, etc), I wondered what was the reason, so I made a prognostic about what I thought made sense and wrote it down to learn, tracking my thought process and prediction (verba volant, scripta manent).. You can just look AAPL up to 5 years and see what I was looking at Sep 2012 peak to Jun 2013). http://seekingalpha.com/instablog/12592771-jugurtha/2009662-apple-seems-like-a-buy-to-me http://seekingalpha.com/instablog/12592771-jugurtha/2009662-... You have to divide the figures given in my note by 7 to make up for the 2014 split.

Twisell 10y ago
I can't agree more, I made this chart a few months ago. https://www.tradingview.com/chart/AAPL/2P4KPhz8-Updated-AAPL-low-complexity-chart-using-long-term-trends/ https://www.tradingview.com/chart/AAPL/2P4KPhz8-Updated-AAPL... If you follow the link at the bottom of the chart you should see the other chart I made back in 2013 but which got totally ruined because the website could'nt handle the split 7:1 correctly. A shame, what a great "told you so" punchline I could have by now:D
- Jugurtha 10y ago
  The word "hype" is very appropriate. If people in the "market prediction" business were paid based on the accuracy of the predictions coming out of their mouth, there would be no food going into their mouth. They'd resort to other ways to scrounge for a living using their previous skillset, such as becoming Fortune Tellers; that is until someone starts tracking their predictions too. If you're an "analyst" and your predictions are worse than tossing a coin, what on earth is the use of you? The whole jumpiness of the people in that line of work is quite interesting. As if the goal is to drink large volumes of coffee, be stressed, run around with papers and be excited about what a bank thinks about a stock. Yes, but what do you think about that stock and are you aware that tickers represent real companies with real people in an economic context with real problems needing real solutions? That's similar to starting a startup just for the sake of wearing a hoodie and being a "startup guy" and talking about Heroku and Docker and code and exit strategies and forgetting to solve a problem.

Twisell 10y ago

I can't agree more, I made this chart a few months ago. https://www.tradingview.com/chart/AAPL/2P4KPhz8-Updated-AAPL-low-complexity-chart-using-long-term-trends/ https://www.tradingview.com/chart/AAPL/2P4KPhz8-Updated-AAPL... If you follow the link at the bottom of the chart you should see the other chart I made back in 2013 but which got totally ruined because the website could'nt handle the split 7:1 correctly. A shame, what a great "told you so" punchline I could have by now:D

Jugurtha 10y ago
The word "hype" is very appropriate. If people in the "market prediction" business were paid based on the accuracy of the predictions coming out of their mouth, there would be no food going into their mouth. They'd resort to other ways to scrounge for a living using their previous skillset, such as becoming Fortune Tellers; that is until someone starts tracking their predictions too. If you're an "analyst" and your predictions are worse than tossing a coin, what on earth is the use of you? The whole jumpiness of the people in that line of work is quite interesting. As if the goal is to drink large volumes of coffee, be stressed, run around with papers and be excited about what a bank thinks about a stock. Yes, but what do you think about that stock and are you aware that tickers represent real companies with real people in an economic context with real problems needing real solutions? That's similar to starting a startup just for the sake of wearing a hoodie and being a "startup guy" and talking about Heroku and Docker and code and exit strategies and forgetting to solve a problem.