Apple Is Now Held By 190 Hedge Funds, And Other Groupthink Observations

Tyler Durden's picture

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??'s picture

Is Apple Evil??

Apple Removes WikiLeaks App From App Store


Will child labour claims stop you buying Apple?


Undercover Report From Foxconn's Hell Factory

velobabe's picture

apple is in sole control of dumbing down america, since 1984.

Oh regional Indian's picture

Spot on Velobabe. Spooky timing eh?


bigdumbnugly's picture

are there cameras in place like at walmart on black friday so we can view hedge fundies running over each other trying to get to the aapl shares before someone else does?

roebernsw's picture

Please explain...I am new to all of this.  Love the site.

sheeple's picture

apple's in sole control of dumbing down china  as well

Id fight Gandhi's picture

Apple can deny human rights violations by saying it used foxconn and other like it to build everything. It gives them deniability. If bad things really turn up, they simply change Chinese builders and keep on rolling.

Actual apple employees are taken care of.

It's green peaceful world with rainbows and unicorns.

Air_BernanQE's picture

AAPL may be the biggest loser this year along with QQQQ

Dr. Porkchop's picture

Steve jobs is putting out a new iWidget that will produce a reality distortion field powerful enough to ignore all pesky negative nellies... Once the Ben bernank places it into the QE2, there will be no stopping it!!... Our only hope is to find the flux capacitor.

Blano's picture

It's Jan. 2nd and I'm already falling behind.

Oh regional Indian's picture

I think it is biblically and stunningly and freakishly appropriate that the fall of man supposedly began with a bite of an apple and the other bookend is an apple with a bite taken out.

Add to that, the culprit then was Eve and this time it's St. Eve.

If that is not stunning symbolism, i don't know what is.


velobabe's picture

good observation, ORI. i don't understand St. Eve?

chindit13's picture


The fall of humanity began because god only created Adam and Eve.  Their kids had no choice but to marry each other.  Thus, we're a species of inbreds from the get-go.

Kind of explains things.

Oh regional Indian's picture


Merry new decade to you Chindit. How is life in your parts with Soo Key So free?


chindit13's picture

Merry new decade to you, too, ORI.

Surprisingly, they've been giving ASSK a long leash.  She has been her usual dignified self, and stated that since she has been "away", she wanted to hear what the populace thinks about things before she finalizes her current opinions.  Mood remains cautious but a touch hopeful.

By the way, I have spent a month or so visiting your land and catching up on both the economy and Bollywood.  Kind of fell for Priyanka Chopra.

velobabe's picture

you have said that twice, now. good luck†

Boilermaker's picture

This will surely give Harry Wanger an aneurysm...

Prof Gulliver's picture

No worries. Apple is TBTERBN*


*too big to ever report bad news

Mercury's picture

Steve Jobs is living on borrowed time.  It is very uncertain what Apple will be like post-Jobs.

NotApplicable's picture

Lest he crack-up in an accident, that man is never going to die.

Mark my word, they will iBorg him.

RobotTrader's picture

Apple coming out with new products at the CES show in Vegas Jan. 6th.

They are the masters of consumer product hype and spin.

bob_dabolina's picture

So were the guys at Enron.

Id fight Gandhi's picture

Unless they announce iPhone to new carriers there's not much buzz happening. Even that is already priced into the stock.

A new iPad with a camera, little quicker, lighter but priced the same is expected. All the leaked Chinese third party accessories show that.

As usual, there will likely be a rise into the show on the stock and a sell off and trickle down...

TemporalFlashback's picture

AAPL is opening up the App store for the Mac on the 6th. No new hard products, though.

No More Bubbles's picture

You are a master of NOTHING!  Not charts, not girls in bikini's and certainly not accurate information!  Crapple WILL NOT be at CES!

Racer's picture
"iPhone alarms hit by New Year glitch  Setting New Year single alarms was to no avail

A glitch on Apple's iPhone has stopped its built-in alarm clock going off, leaving many people oversleeping on the first two days of the New Year.

Angry bloggers and tweeters complained that they had been late for work, and were risking missing planes and trains."

Arius's picture

does this mean Apple surpassed PM as an overcrowded trade?

after all you cant eat gold but sure love to it apples...its all about marketing to sell this idea to the biggest marketeer of them all Mr. C at Cramerica :-)

ThisIsBob's picture

Holy Cow, Botman! I thought that hedge funds were manned by rocket surgeons employing sophisticated and esoteric trading strategies.  But they are buying and holding Apple?  Jeezus, I can do that from here.

imapopulistnow's picture

Nothing like success to change the perceptions of the progressives.  Apple has barely made inroads into the growing emerging markets.  They are doing everything right that Softy does wrong.  I would never buy an Apple product in the past because I didn't want to pay the premium to feel "morally superior".  Now that it is out of favor with the progressives, I can change my buying habits. 

buzzsaw99's picture

I never grammar nazi typos here but crAAPL has two As and one P. [/sorry]

Comrade de Chaos's picture

There is a nice video that provides  good insights on the groupthink:


It often works until ... it DOESN'T. 

Arius's picture

interesting stuff...thanks for sharing

SwingForce's picture

Sure! A Toy Company should definitely be worth more than any other company in the WORLD who owns natural resources underground like Exxon/Mobil (or a gold mining company).
How about an ipod based currency? Everything's digital right? Hey wait, where's Cramer, how about this idea?
iTUNES CREDIT! Wow, buy bread at Publix and pay by waving your ipod/iphone up in the air, around your head 2 times, bowing down low and clicking your heels 2x while saying, "There's no place like DisneyWorld", uh, or "Heil Steve Jobs!"
Get a grip people. Wanna buy some AIR?

Id fight Gandhi's picture

iTunes Does blow. It sucks to get an app that crashes or have your kid play a game that deducts real money automatically. Then ignore and deny emails and say they don't refund apps.

Trimmed Hedge's picture

It's a new paradigm, and everybody who doesn't buy AAPL now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their AAPL will continue its 30%+ yearly price increase.

Non-buyers, and anybody dumb enough to short, will not be able to afford a $10,000,000 share of AAPL in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

Ese Pinche's picture

funny... reminds me of a conversation I had with a friend of mine in california 3 years ago.  She was telling me about how she was never going to be able to afford a house... ever.... because prices were "never going to slow down and gains were permanent."... I quote.

Common_Cents22's picture

They gotta cash out sometime, or not.  Maybe AAPL shares will be the new currency.     that'll be 1,000 AAPL's please.

DoctoRx's picture

Personally I don't "get" the appeal of Apple's products.  But I like GARP stocks, financial strength, and no fooling around with "non-GAAP" BS earnings.  When AAPL releases Dec 2010 earnings in Jan 2012, I wouldn't be surprised to see that today's price is 10X CY 2011 earnings after netting out its to-be even more insane cash and cash-equivalent holdings assuming it makes no major acquisition or pays out a large dividend etc.

I also suspect that keeping the stock price in triple digits has diminishing the great unwashed from speculating in the stock.  

I have been commenting favorably on AAPL and gold for months on ZH.  

I wonder how the TD that sees so clearly into the US Gov't's (and Euroland's etc) Ponzi financial scheme can be so different from the one that picks on one of the truly great growth vehicles of our age as "priced for perfection" when there are so many truly loony-priced, weak companies out there to pick on.  

jbc77's picture

What are we talking here? Something as simple as a chunky earnings miss could essentially torpedo the entire Nasdaq? Sounds like it. Boy would I love to see that.

I watched "The Smartest Guys in The Room", Enron story for the second time last night. Whats similar in this situation is how all the analysts at that time pitched Enron stock to high heaven, heaping nothing but praise on the stock. They also took Skilling's word on earnings and not one analyst knew how Enron made money. One was quoted as saying it's a black box and you just have to take their word for it. What was also scary is that the were the poster child for mark to market accounting. Isn't that what the big banks are using to cook their books now? Yup.

Ya know people, we're literally standing in the middle of a field, surrounded by landmines.  Eventually someone is going to step on one. The entire financial system is just a fraud and ugly thing and we've got almost the entire population walking around without a clue. When the poop finally collides with the fan we are going to have a disaster the likes of which the modern world has never witnessed. I have to tell you, I'm scared of whats ahead.


velobabe's picture

byron wien top stock tip for the new year was enron. went to $80. i sold.

Barb Dwire's picture

BAC is the number 2 holding? WTF??? Maybe my June puts aren't such a good idea - what do they know that I don't?

Freddie's picture

BAC aka Bank of America is the second largest holding.  They must be crazy.  Apple supposedly makes up about 23 to 25% of the QQQQ portfolio.

ageofreason's picture

I bought an Iphone last year....I would have been better off pissing in the wind..............

DoctoRx's picture

Not if you were to have pissed into the wind.