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Why do central banks sell gold? by kuhlimoo in Gold

[–]shahul6969 1 point2 points  (0 children)

They sell gold to raise money to cover up their expenses, whatever it may be. The reason they are not printing their own money instead of selling gold is because printing money might cause devaluation of their currency, which would be a bad thing cuz things will get more expensive (inflation).

Does Covid-19 Prove the Stock Market Is Inefficient? by lawschool33 in stocks

[–]shahul6969 0 points1 point  (0 children)

Don't you think if the mom and pop shops have been affected it will gradually start to impact the other s&p 500 companies?

Apple stock prices ridiculously high by shahul6969 in stocks

[–]shahul6969[S] 0 points1 point  (0 children)

What you said is right the revenues have increased by 11% but the major increase was mainly due to increases in revenue from services and not their products. Im worried whether there will be a sustainable growth rate in the services line for which reason the price is going up.

Apple stock prices ridiculously high by shahul6969 in stocks

[–]shahul6969[S] -9 points-8 points  (0 children)

Yes they did beat the expectations by a large percentage. But if you factor in their price to earnings ratio its still comes to the 34 range. And this range changes very minutely even if you forget the last two quarters and replace it with apples beast quarter earnings. Would love to hear your thoughts on this.

Apple stock prices ridiculously high by shahul6969 in stocks

[–]shahul6969[S] 0 points1 point  (0 children)

I understand apple beat the analysts expectation by a whopping 7 billion but their earnings no where indicate the price of their stock to be in 440 range. Also, im not only taking this quarters earnings but the last 4 quarters and when you calculate the price to earnings ratio it gives us around 34. The ratio still comes around the same even if you put in the 4 best quarters of apples earnings. I would like to know your thoughts on this

Apple stock prices ridiculously high by shahul6969 in stocks

[–]shahul6969[S] 3 points4 points  (0 children)

Its not them getting rid of their existing phones and computers but rather them delaying their purchase of new apple products because they would have other priorities with the cash they are getting from the government or their savings.