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I thought so tooRicharab wrote:A brilliant article ...Pulitzer worthyAl_Dente wrote:AAPL “genius bar” [save for later]
“Last year, the company’s 327 global stores took in more money per square foot than any other United States retailer — wireless or otherwise — and almost double that of Tiffany, which was No. 2 on the list, according to the research firm RetailSails. Worldwide, its stores sold $16 billion in merchandise… …About 30,000 of the 43,000 Apple employees in this country work in Apple Stores, as members of the service economy, and many of them earn about $25,000 a year…” http://www.nytimes.com/2012/06/24/busin ... 2_20120624
TraerGirl, I agree with your count! I always struggle to interpret the 4th and 5th sub waves of threes, too often trading early ignoring the upcoming waves 4 and 5.TraderGirl wrote:Potential wave count...SPX...suggests another wave down to wave 5...???
But longs beware!, neckline retest?KeiZai wrote:Russell 1m
I read the article as part of cnbc yesterdayAl_Dente wrote:I thought so tooRicharab wrote:A brilliant article ...Pulitzer worthyAl_Dente wrote:AAPL “genius bar” [save for later]
“Last year, the company’s 327 global stores took in more money per square foot than any other United States retailer — wireless or otherwise — and almost double that of Tiffany, which was No. 2 on the list, according to the research firm RetailSails. Worldwide, its stores sold $16 billion in merchandise… …About 30,000 of the 43,000 Apple employees in this country work in Apple Stores, as members of the service economy, and many of them earn about $25,000 a year…” http://www.nytimes.com/2012/06/24/busin ... 2_20120624
But I’m not sure if you were LOL on the “brilliant”, as u didn’t
U usually have such entertaining LOLs
Plus u didn’t have enough time to read it
"I was earning $11.25 an hour. Part of me was thinking, 'This is great. I'm an Apple fan, the store is doing really well.' But when you look at the amount of money the company is making and then you look at your paycheck, it's kind of tough."
[Jordan Golson, who sold about $750,000 worth of computers and gadgets at the Apple Store in Salem, NH]
I think you didn't see this but it is worth noting. 1 corrective, 2 impulse is not a happy ending for 5 waves down. Hope that helps!TraderGirl wrote:Potential wave count...SPX...suggests another wave down to wave 5...???
Just saw this so not sure if I'm missing something in an older conversation, but wanted to add a point.Al_Dente wrote:AAPL “genius bar” [save for later]
“Last year, the company’s 327 global stores took in more money per square foot than any other United States retailer — wireless or otherwise — and almost double that of Tiffany, which was No. 2 on the list, according to the research firm RetailSails. Worldwide, its stores sold $16 billion in merchandise…
…About 30,000 of the 43,000 Apple employees in this country work in Apple Stores, as members of the service economy, and many of them earn about $25,000 a year…”
http://www.nytimes.com/2012/06/24/busin ... 2_20120624
Better yetTutti wrote:Just saw this so not sure if I'm missing something in an older conversation, but wanted to add a point.Al_Dente wrote:AAPL “genius bar” [save for later]
“Last year, the company’s 327 global stores took in more money per square foot than any other United States retailer — wireless or otherwise — and almost double that of Tiffany, which was No. 2 on the list, according to the research firm RetailSails. Worldwide, its stores sold $16 billion in merchandise…
…About 30,000 of the 43,000 Apple employees in this country work in Apple Stores, as members of the service economy, and many of them earn about $25,000 a year…”
http://www.nytimes.com/2012/06/24/busin ... 2_20120624
Good article, great company. Market gets itself together and I'm a buyer.
That said...
Just to keep things in their proper trading context, look up some of the glowing articles on CSCO back in late 1999 and early 2000. Their business was on fire - here's their 4q report: http://www.cisco.com/warp/public/146/ne ... i2645.html
"We predicted five years ago that we were in the midst of a second Industrial Revolution that would determine the prosperity of companies, countries, and individuals. Today, the Internet continues to drive the strongest U.S. economy in history," said John Chambers, president and CEO of Cisco Systems. "The second Industrial Revolution is just beginning and businesses and governments are turning to Cisco, the Internet expert, to assist them in transforming their companies and countries. We were very pleased with the balance of our business across all key geographies, products, and lines of business."
Thats right before it went from a split-adjusted high of $82 to a split adjusted low of $8.12, or a tiny loss of 90% of its value. That was arguably the strongest stock of its time - similar in many ways to AAPL today.
Not saying its going to happen now or any time soon, but just b/c business is great today, doesn't mean a new technology or competitor come along that drums them out of business.
Richarab wrote:Tutti wrote:Al_Dente wrote:AAPL “genius bar” [save for later]
Better yet
Nokia
I couldn't imagine using anything else at the time - what, 5 years ago?
Stuff changes quicker now. Period.
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I am here: http://tapatalk.com/map.php?pnnnfd
i guess we will see how it works out...PLUNGE wrote:TraerGirl, I agree with your count! I always struggle to interpret the 4th and 5th sub waves of threes, too often trading early ignoring the upcoming waves 4 and 5.TraderGirl wrote:Potential wave count...SPX...suggests another wave down to wave 5...???
I'm trying to make patience my mantra.
True!! This is when the Unions come in and try to convince the employees that they need them....and then all goes to hell....Al_Dente wrote:PAGING richarab and tutti
No matter what side u r on
No matter how u slice it
That is more bad bad PR for AAPL
It may or may not have an effect intermediate-to-longer term on AAPL stock….either they boost pay to salespeople (reducing AAPL eps) or have higher employee turnover (ditto), or maybe WMT-style picket lines. All we need is ONE decent competing gadget….just ONE...
Ps thank you tutti, I will study that CSCO reference more carefully later