@jil too much textbook and not using your head 
if I recall correctly, 10 year Treasury yield* (which changes daily) is commonly used as the risk free discount rate, appraisers (stock analysts) artificially freeze it for easy computation. Do you know that mortgage rates change daily?
*whatever is used pretty sure will fluctuate almost daily
You are changing the subject and creating a discussion. Unfortunately, I do not have time on mortgage subject.
@jil too much textbook and not using your head
Yes, you are right…no doubt. You are telling me as if it is bad. The truth is other side.
I monitor 580 stocks, out of that focus 100 stocks both technical and fundamentals and use my own algorithm to analyze. This is almost 2 years of effort. You see how it is texting me just 5 mins before !
Programs won’t lie, no emotions, no need to believe people like Jim Cramers 
Year 2020, I may be automating it, that is my plan, hands free (no more head usage).
This is an excellent choice that I have ever made in my life.
Happy new year to you all. Let us close this topic once for all. Bye.
Did we change to house/mortgage? Thought still talking about DCF of stock.
You said that2 when AAPL was $260s.
I misunderstood on that topic, but now I understand. Your understanding on discount is linked to UST, but to know DCF, you need to read some valuation blog or some book without which you may not know.
The FA or DCF is too big a subject and it needs lot of patience to deep dive company financials…etc.
As you said, I do not use my head, but use the computer to tell me what to buy and when to buy. You remember that I bought AMZN at that time, not AAPL. I will act only when the system tells me about AAPL (AAPL is one among the stocks), no brain used, no emotions and no FOMO, but just wait for opportunity.
Investors are increasingly optimistic about Apple’s user base of nearly 1.5 billion consumers and its ability to leverage auxiliary products like the Apple Watch, AirPods and Apple TV and major hardware upgrade cycles for the iPhone and iPad every few years. The company has also promoted its user base as a key to generating recurring revenue from services like iCloud storage subscriptions, streaming service Apple TV+, Apple Music and AppleCare.
Apple’s market cap appreciation in 2019 was larger than the combined market caps of all 159 companies that went public in the U.S. in 2019, a list which included Uber, Lyft, Pinterest, Peloton and Beyond Meat, among many others.
@manch
If median prices of houses in SV is proportional to market cap* of companies HQed in SV, AAPL would has more influence over the prices than those startups you love so much.
*There is no rigorous academic study on this thesis.
It’s proportional to the pay packages of people in SV, not necessarily the market cap of companies. Facebook pays way more than Apple, which is famous for its stinginess.
Firing on all cylinders
Wonder how much of this demand is pent-up. TSLA and AAPL are doing phenomenally well once the phase 1 deal is confirmed (not signed). So Jan 15 when Trump sign would be anti-climax. 6 more good days.
Back from Costco run and market appears to be pulling back. What stocks to add? How long and deep is the pull back?
By pull back you mean up by a smaller amount?
$465 
Investment is about the future and not about valuation based on past financial numbers.
Updated short-term EW picture,
Almost time for a 10% correction, @Jil and @manch get your $$$ ready. Might coincide with the date of phase one deal signed, Jan 15 or earlier because of front-running.
However, Sacconaghi points out that flows into passive vehicles were not as strong in 2019 as in previous years, yet Apple still rallied.
Instead, Sacconaghi thinks Apple’s surge happened because investors believe the company’s services and wearables businesses — coupled with the prospect of a 5G iPhone cycle — warrants a higher multiple.
“Our analysis doesn’t point to compelling evidence that AAPL’s strength over the last year has been attributable to either buybacks or other technical factors such as the migration to passive,” Sacconaghi said. “Instead, investors’ view that fundamentals are improving - warranting a better multiple – appears to be the key driver of appreciation.”
Declining unit sales don’t mean consumers are abandoning iPhones as suggested by a 7x7 dragon. It merely mean iPhone is so good and mature that the replacement cycle has lengthened. So the logical thing to do is to focus on selling services and accessories to the installed base. Good thinking, TC.
Zhou Xun still very pretty after marriage.
Who
Newton is wrong! AAPL closed at a new ATH $218.73.
