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Bank of America Stopped Out At Loss Limit In Bank Risk Pair Trade
And another banks loses its clients a boatload as Bank of America is forced to close out its long bank rish vs IG trade after the stop loss gets hit. With bank CDS surging the negative convexity is sure to send spreads in the sector even wider, rivaling only the stupidity exhibited by Apple which is now over $310 and has entered its parabolic move, as everyone is now in the stock. At this point look no further than the dot com crash to see how the move in the Nasdaq, better known as Apple, will end, and why deep OTM puts will soon rule the day. Back to BofA, Jeffrey Rosenberg instituted a $20MM short risk protection in IG15 last night. Hopefully that isn't stopped out imminently, on nothing more than intraday OpEx-POMO Vol.
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Sounds like somebody is short....
Incorrect. Nobody is short. That's the problem
Exactly. There is no short interest in AAPL. You know what that means? This isn't a situation where beating the numbers will squeeze the shorts since there aren't any. It's quite the opposite, the long squeeze on the way out.
Cannot hardly wait to see when, how, and what happens as it flash reverses. It will unwind 5(X)s as fast.....as it went up.
I've got a few shorts in and they're working like a charm. Hey, it pays to be different!!!
Again, if we don't see perfection out of AAPL Monday AH - kaboom!
Actually quite a few parallels with the dotcom bubble in tech. Gartner today said tablet sales will triple next year to outrageous number. App designers are renting out tons of office space in the Bay Area. It's all based upon items that are completely discretionary. Sounds a bit like pets.com to me.
Did you enter the aapl 12 step program since earlier this week?
To be fair to Harry, he's always warned that when AAPL blows up it will go big and take everything with it.
He's merely riding the wave upward, which you can't really blame him. Hope he's able to find someone to take his stock when it blows though. Sucks when you've got that bundle of AAPL shares at $290 and no one will buy them as the stock implodes.
"To be fair to Harry, he's always warned that when AAPL blows up it will go big and take everything with it." He's not the one who presented a correlation between AAPL and the stock market but he has repeated this mantra MANY MANY MANY MANY MANY MANY times over..
Very true. Didn't say he was the first, near as I recall TD was the first, Harry has just annoyingly trumpeted it as though it was his though.
When is the next POMO to support AAPL??
Don't forget to ask your "shoeshine boy" how much he's made in AAPL.
Amanda is looking extra juicy today.
No doubt, she will be courted heavily by various Palo Alto executives, MERS class action lawyers, and BAC short sellers...
+2
Surprised the market isn't in the green with those sweater puppies barking.
The gawking on ZH affirms how most couldn't get laid in a women's prison with a fist-full of pardons.
That's the first time anyone on this site has ever heard that gem. </sarcasm>
You're here -- what are you gawking at?
Your poor grammar.
...and people that lose their money to attractive dealers at the 21 table.
ya, the casino owners know this too, that is why they hire the beautiful people
sex sells but it can also distract
http://www.youtube.com/watch?v=4pXfHLUlZf4&p=D6BE4C8302528CB8&playnext=1&index=1
she is so hot I can barely stand it!!! Can you just imagine those lips....
Usually lips like that come with a set of hoofs.
No necessarily. If you have a lot of money, she will be very gentle, I am sure of that.
Come on...I know we all hate the talent(less) on CNBS...but how do you flag something like this as junk????
I'd like to see her junk. She needs to do a playboy spread. She is the new money honey after MB put on like 90 pounds.
Hey Robo, thanks for the tip in bank weakness yesterday, I was about to go long AAPL (and should have, heh). JPM fell thru my buy stop this morning and we're off.......
rivaling only the stupidity exhibited by Apple which is now over $310 and has entered its parabolic move, as everyone is now in the stock.
Why does Tyler have to be a hater?
AAPL is an awesome company! The rising stock price shows what an industry leader it is!
Maybe the stock will split, so I can have DOUBLE the shares!
Yaaaaaaaaaahooooooooooooooo!
[\sarcasm]
TD is clearly not a stock picker. This site hates on Apple and has no good reason. Throws jabs in all the time. Don't really know why. Maybe TD can explain?
Love the financial fraud stuff on this site though and read it every day.
Think you missed the sarcasm.
TD picks on AAPL becomes it ridiculously over-priced, a favorite plaything of the machines, and lives off the health of Jobs. AAPL is a bubble just waiting to burst.
Yeh, ya see, that's the thing, it's NOT ridiculously over-priced. When Jobs went into the hospital, aapl didn't miss a beat with Tim Cook at the helm. The stock dove on rumors Tim Cook was leaving a couple of weeks ago for HP. This is my point, you people don't know what you are talking about. A high teen forward pe on a tech growth company is normal. There are so many shit companies out there and TD picks on a good one. It is absurd.
Check Reggie Middleton's writing on this subject. He is a ZH contributor -- you sound a little bit out-of-the-loop if yer talking about AAPL and ZH but also don't seem to be aware of Reggie's analysis. While you may not agree with Reggie I'll be very surprised if you conclude that he "does not know what he is talking about."
NOTHING is normal right now. Perhaps this is where the divergence of opinion begins...
I'm talking about TD and your bringing up Reggie?? I like Reggie's stuff and respect him as an analyst but disagree with his assessment on the phone wars. Droid has a great phone but I think there is room in the space for both to have growth, especially when aapl and verizon hook up in January. I admit, I have not read his stuff on Apple in great detail, maybe one blog on droid eating into iPhone sales. We will find out soon enough about that.
Id post a formal and thought-out response, but you good sir, are an aapl fanboy. Even Jobs fucking the devil wouldn't make you sway your mind.
I, "good sir", am making a killing. Look at the numbers you douche bag.
Make your case if you got one. Or piss off.
Congrats. :) I'm envious of today's move up.
Firstly, the growth in AAPL shares reflect more of a trend than anything else, especially regarding fundamentals. Ill assume youre able to bring up PE and fwd PE which are right away too expensive to be considered a 'good deal' so yes, lets look at all you need to know:
13.6x EV/EBITDA
2.4x PEG
If you were to take a universe of a few similar tech stocks, youd find the EV/EBITDA avg was around 9.5x. As for PEG, anything >1.0 implies the stock is overvalued to future earnings growth. To put this into perspective, ORCL is at 1.1x and even GOOG is at around 1.3x.
Convinced yet?
Alright, how else do you say AAPL is cheap? Because CRM or NFLX trade at higher multiples? Wow great argument, that other stock is more expensive so AAPL is a bargain simply because. Right.
Also, your insults only ridicule yourself.
"Yeh, ya see, that's the thing, it's NOT ridiculously over-priced." Wha? You mean APPL will be a trillion dollar company soon? Whatever.. PE ratios don't mean a damn thing anymore. You know better than to use that PE "earnings" argument when those same tech companies were the ones touting that EBITDA crap to overinflate what they really did.
Besides - you know the main driver of APPL is mainly Fed cash. Yes it's a good company, but 300+ share? Bulls__t.
What do you want me to use, profit margin, net income, earnings growth, free cash flow?? I'll use any numbers you want me to use.
None of the above. What I would like if you please, kindly define your exit strategy. Details are important here.
Umm yes it is, and when rumors were out that Jobs had cancer and would not be back it took a hit. The hit didn't last long as fanboi's wanted to believe that Jobs would be back and were rewarded for their faith/luck.
Bottom line is this, Apple doesn't make a single product that is a personal or business necessity and every one of their products is the most expensive available in its market made by the cheapest labor available in China and has shown a tendency towards self destructive business strategies in the past.
Invest in AAPL at your own peril and I wish you good luck getting out with your ass intact when it takes a dive and make no mistake it will take a dive.
High teen pe's weren't "normal" until the very late 90's/early 2000. They still aren't "normal", they're the symptom of a very very large problem.
I've never been convinced AAPL was on a sustainable path. 20% marketshare is their magic crash number, same as the 90's. It hit 20% then too I believe... real question is how deep OTM are we talking? Boomers can't buy overpriced POS computers on credit forever.
They are expanding their products overseas in other countries all the time. No company's growth last forever but aapl has a ways to go.
Granted. But tech land is filled with that one hot company with 45/1 buy/sell ratings, until it rolls over. Remember when RIMM was the mania? Or MSFT? Or Dell? AAPL is a consumer products design firm. It is currently considered 'cool'. Cool is a hard space to maintain. It is only as good as its next product (though apps and itunes make nice revenue streams).
And it now has a larger market cap than companies with significant intrinsic value, like oil producers, etc.
Finally, it's up 2.5% today - on any news? IMHO, when stocks jump like that, after big runs, it's getting a bit frothy...
Apple is not just a products design firm. Of course Apple isn't going to be as successful as it is now forever. Buy low and sell high.
AAPL 20% share of the Nasdaq or Nasdaq 100 or?
Bless you Robo!
Meanwhile gold has come roaring back.
[sarcasm]YAAAAAHHHHOOOOOOO![/sarcasm]
http://market-ticker.org/akcs-www?post=169272
LOL @ Karl
He is a stubborn, arrogant, MOFO..
It's tough to be Karl. I mean, seriously -- would YOU want to do?
At least Karl didn't post a douche picture in the article.
I still think he's going to have a cow when gold stops going parabolic and makes a straight line up as it frees itself from pricing power and starts to become negotiable.
dy/dx=1/0=DNE WHOO HOO!!
Apple: A fictitious company that does not exist.
BLS: A secret society of mathematicians and statistical wonks conspiring to falsify economic data, formerly known as the the sect of Opus Dei; See also Birth Death Adjustment.
Bernanke, Ben: Beelzebub
Bonds: An asset class that will eventually be worthless paper as its value is inflated away, but in the meantime, are a good alternative to equities.
Bubble: A catchall phrase used to describe any market not in freefall.
China: The centrally planned communist economy that is the model for Free Market Economies in the West. alt. An idealized form of Capitalism;
Death Cross: The most reliable and certain technical formation known to man. See also Golden Cross: An old wives’ tale, not to paid attention to or taken seriously at all.
Depression: The current state of economic affairs; See also Pornography.
European Union (EU): A soon to be dissolved association of Socialist states, whose sole purpose is to mislead investors into believing the United States is (comparatively) fiscally responsible. See also EuroFASB: A criminal legal enterprise of accountants whose members help banks hide massive losses;
Fiat Currency: The root of all evil
FOMC: Fertilizer for the root of all evil
Gold: A shiny yellow metal used primarily as an excuse for missing a generational rally in equities.
Google: See Apple
Greece: A nation of tax cheats that will lead to the dissolution of the EU;
Greenspan, Alan: Lucifer
Housing Bottom: A theoretical but mathematically impossible construct.
Hindenburg Omen: A common pick up line at permabear cocktail parties, good for for attracting sexual partners but of little use for anything else.
Vernacular: “Did you see another Hindenburg Omen signal was given today?”
Hyper-Inflation: The eventual fate of all humanity due to the existence of central banks.
Inflation: The precursor condition to Hyper-Inflation.
Japan: A large manufacturing island in the Pacific, whose decades-long recession is the inevitable model for the United States
Money Supply: ∞, an imaginary number.
New Normal: A combination of contracting credit availability, stubborn unemployment and US consumer de-leveraging; See also 1930s, 1950s, 1970s (aka Old Normal).
Overbought: The normal state of equity markets;
Oversold: A theoretical market condition last seen in 1982.
P&L: We don’t talk about that.
POMO: An acronym used by rookie traders in failed attempts to explain the “mysterious” impact of massive liquidity on equities.
QE 2: A code word or shorthand for the event that has been prophesied to bring about the End of the World. Interchangeable with “Apocalypse” as Perma-bears regard both its coming and its destructive power as a quasi-religious inevitability. See also POMO
Recession: See Depression
Risk On: Any Bull market
Rosenberg, David: A minor deity amongst the Perma-bear faithful. The very mention of his name causes a reverential hush to fall over the gathered masses as they hungrily devour his latest proclamations of death and dismemberment. See also Roubini, Faber, Rogers, Cassandra, et. al.
Stress Test: Hoax or Conspiracy
Subprime: The state of all credit in the US
Tony Robbins: The newest economic sage to warn of the coming economic apocalypse, most recently during August 2010; See also John Tudor Jones.
Unemployment: An irreversible condition, symptomatic of declining empires. Hence the reason no one in Great Britain ever found a job again after the 1830′s.
Uptrend: Not found.
ZIRP: See QE2
Well, there you have it — unless the trading Gods have terrific senses of humor, the top is now in.
Read more: http://www.businessinsider.com/barry-ritholtz-permabear-to-english-translation-guide-2010-10#ixzz12RX4mWit
my favorite permabullshit lines:
1. Nobody could've seen this coming
2. A broken clock is right twice a day
bullz will be crying bloody tears
Those are good. Of course, inflation's not a precursor to hyper-inflation... ;)
Apple seems to be the only productive company left in the USA. That's what is the scariest.
Apple, POMO and QE: a civilization which only relies on that is already in its grave.
wow. Amanda puts it out for rent without shame.
For these secured mortgages, I estimate the cost per mortgage to correctly research and record title to be between $5000 to $15000 per home, with maybe 10% costing less than $5000 in legal and filing fees, and 10% costing more than $15,000 in legal and filing fees.
Stop was hit... yes so smart move to was close out. Whats new.
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http://stockmarket618.wordpress.com
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