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Behold THE Hedge Fund Hotel
Below we present the top 200 holders of AAPL stock. The holdings of the smallest one in the group amount to $133 million. We are confident they will all exit the theater in a calm, collected fashion. And oh yes: paging groupthink king Dr David Kostin...You are urgently needed in the burning theater.
Incidentally, this is what we said yesterday:
So somehow Goldman makes alpha the equivalent of beta. And not just any
beta, but very, very levered beta. The kind that requires an account to
be in very good standing with Goldman's Prime Broker group so that
leverage comparable to that last seen in the summer of 2007 can be
applied with impunity. And then when it is unwind time, the dumb money can ride in on
indications of interest born from stale 13F filings, and which most
often see the original money selling their shares to the last hot potato
holders. Just like Greece back in the early 2000s, which closely
followed Goldman's advice and ended up being broke, so those who follow
Kostin's advice and become the latest entrant in the biggest hedge fund hotel in
the world, Apple, will end up either bankrupt, or begging for ECB
assistance on a daily basis. In the meantime, Goldman is merely doing
its civic duty to make everyone join in a dance which has increasingly
fewer stocks in it, in a market that has increasingly less volume
participation, and in the process collect what is left of trading
commissions. As for the next step: well, Goldman has a very active
debtor restructuring group and will be happy to pitch its services
too...
Source: CapIQ
»
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You can check out any time you like....but you can never leave.
unless they bought the ISell app. these shareholders a F U C K E D!!! HAHAHAHA!!!
I expect Itunes to be down within a few minutes!
More interesting would be the institutions by their percentage represented by AAPL
If the Bears were looking for a Black Swan event. This is it.
Lemmings, bitchez!
That was my first thought, lol.
http://www.youtube.com/watch?v=vIURlnIrErE
yup. Or this one
http://www.youtube.com/watch?v=efL17ekQZ5k
You can outflow any time you like .... but you can never leave LOL
Apparently room rates are going down, WAY DOWN !
Hmmm. AAPL is going UP on my screens.
Shares down 7% in GER. Refresh ?
BigJim you are aware that US markets arent even open today? Refresh?
NQ futures down 31- and AAPL is like 30% of that bitch
After the collapse, sell side will downgrade to motel!
How much was China down last night?
China down -126.26 and U.S. futures down
-22.5
Futures Live free:
http://www.sgxniftydowfutureslive.com/index_files/DOWFUTURES.htm
A dude who looks like Tom Hanks in Philadelphia takes a sick day, and the market implodes. QE3, bitchez!
Weekend at Bernie's was good too
+1
QE...Ipad
The Black iSwan
'Black ISwan'...awesome!
LOL...the winner!
Black iSwan... absolutely!
So surprising and in hindsight, so obvious.
Indeed
ROFL!
Cool. How 'bout a Black iSwan dive?
Wheres Harry W's name on this list?
*golfclap*
The usual suspects
Visionaries with execution skills don't
grow on trees.
http://www.freakygaming.com/gallery/game_art/the_witcher/executioner.jpg
Waddell & Reed (#19) - flash crash 2.0 ....
Those chaps at number 19 are the ones to watch...... :->
i am same age as jobs, grew up near him, buy his products for 30 years, truly admire him and wish him well. i have similiar problems.
he is dead man walking.
I'm sorry to see that you are in the same boat. I don't buy AAPL products, think the stock is extremely overvalued and don't like how the company does business. I do respect Steve Jobs' brilliance however, and hope he (and you) can somehow regain a meaningful level of good health.
Isn't this the list for CSCO?
Oops. No, it's the C(ommon)S(tock)O(utsanding)
200 organ doners locked in.
You mean 200 people with the same blood type and iCompatible organs?
There's an app for that!
He was a great man to admire for his businesses. Wish him well.
OT: Hu Highlights Need for U.S.-China Cooperation, Questions Dollar
http://online.wsj.com/article/SB1000142405274870355160457608580380177609...
How can anyone sleep at night with money in the market? Any small piece of news can destroy your capital. And they call gold risky.
Thanks to the FED, not a single taxpayer should be. Luckely, they don't give a rats ass and for the rest Prince Valium will do the trick.
you have to dance as long as the music is playing...chuck prince
hey bring on Liesman and Cramer for some damage control...
by being short and long at the same time.
Trimmed Hedges?
Hmmmm....
ORI
http://aadivaahan.wordpress.com/2010/06/13/machine-strong-human-weak/
Breaking news: Jobs on medical leave.
Jeezus, Tyler, are you a witch?
....well, we did the hat.......and the nose....
Burning down the house
I'm sensing deja vu.. oh wait didn't we limit down over the MLK holiday in 08?
weirdness
Literally, I wrote to a friend on Friday that the only way I would buy AAPL is on the day Steve Jobs dies (not wishing him any ill health) - spooky.
Should I buy the effin' dip?
BtFD!
hope those circuit breakers will be put on :D
It's sad to see that the market is so broken and inflated that news of one mans illness can drop futures so sharply. People have been waiting for the reason to sell and they decide this is it. Weird, but I would not be surprised to wake up tomorrow and see futures in the green.
Conveniently announced on a day the US market is closed. Little guy loses again.
unless you have a futures account...
What's nice about globex at times like these is the ability to position yourself early.. /NQ has priced in a 7/10's of 1% move on this news lol.
As I've been saying. The first guys who "dumps" wins! I'll bet a case of beer that one of those guys on that list is is looking to unload right now.
Wolves follow pack leaders, just like sheep, and vampire squid just turn on each other when prey is not available.
One of the paradoxes of human behavior: we compete at some levels while cooperating at others. Banks and hedgies have to cooperate right now to avoid Mutual Assured Destruction.
Note to Angelo Mozilo: See O’mighty Orange One, it is possible to leave a company while holding negative inside information without secretly dumping all your personal shares in advance. You should try it some time.
That one needs to quite literally be suffocated to death on the fumes from his own colon...extreme involuntary death yoga.
Selling in the Nasdaq futures has not eased up . Down significantly . If the dip buyers don't come to the rescue things might get interesting .
I question the timing.
Steve Jobs is off on sick leave again. Apple employee blogs are talking like he was rushed to hospital.
SHORT SHORT!!!!!!
AAPL reports earnings Tuesday. Maybe they think good ER would wash Steves news? They should have announce them both at the same time. Corp idiots
The top is in. An extremely overbought mkt with internals as bad as Jobs, only needs a slight kick to push it over.
http://theopeningrange.blogspot.com/
m
Harry Wanger does your consumer products company stock a lot of Depends undergarments? Looks like you'll need em.
BTFD has morphed to STFT.. Sell the Fcking Top!!!
I think my 'wealth effect' just took one in the jimmy.
I'm thinking about how in December all of these 'experts' said to buy AAPL because hedge funds/mutual funds will buy AAPL into the year end so they can brag in their year end statements how smart they were to buy LOTS of AAPL.
oooopsy
Folks, these are defined benefit pension managers and mutual fund companies for the most part, NOT Hedge Funds. Looks like 90% of ownership is NOT hedge funds. Apple could still blow up and there will be a rush to the exits but please don't blame hedge funds.
Potato, patato.
I wonder why he didn't wait till after earnings announcement after market Tuesday?
Maybe he thinks earnings will be sooooo good that it will bid up any loss from his health announcement. Hope he will be ok though.
Everyone will buy the dip just like after his last health scare.
By 'everyone' I guess you mean hedge funds and the FED?
Me no have any Apple stock; me no want any Apple stock. Anyone can see what happens when everyone's on one side of the Apple boat. Capsize....
So, where's all the stock pumpers? Robo, Harry, et al; common' boyz give us the news about how this is a buying opportunity on a great company. Robo, I want to see those bullish charts & the scantily clad women projecting their love for Apple. Tell us how it's all good, not to worry.
Any company built on one man is just an accident away from trouble. I wish Jobs well.
Tyler you just don't know how hedge funds work.
In addition to hold $133M in stock, the fund hold $133M short against the box, another $133M short, and a few puts here and there.
The $133M in stock allows them to sell at market, something that has long been an no no for uncovered shorts.
Besides, they put the longs in one hedge fund, to control or steer the company, and the shorts in another funds.
If you doubt this, Ackman did this with Target.
Exactly...as we all know, hedge funds never lose! Oh wait...
Not to mention it represents around 15 minutes of work for Ben and they already have several POMOs scheduled for the month.
Business as usual.
Commodities or China/Japan unloading debt is the only way to bring this beast down.
Don't look for a mad rush out of AAPL. They have amazing products in the pipeline. Max pain tomorrow will be $320-325, based on Europe, then a nice rebound after earnings.
There is an excellent leadership team in place. Apple will be just fine.
You may be right Harry this is no black swan (maybe a little gray ) . If the market does crash it will confirm that people with money are the same ones watching dancing with the stars and this is the only bearish news they can comprehend .
This brings up my new idea to get rid of commercials on television . That would fit very well in our American culture . Publically Sell shares of TV shows . The new american investment . If the Nielsen ratings go up more people will jump into the stock driving up the price and you would see less commercials or none on a really popular show . IPO's would be the start of the new TV season every fall . I would have put my money on Fringe , not dancing with the stars if I were trying to pick a hit
Harmonic convergence of AAPL, Shanghai market sell off, spreading Arab world revolution, Swiss bank wikileaks, Darkening Euro zone credit picture with growing dissent, emerging market inflation flare up with waves of monetary tightening picking up steam (China CPI awaited).
What if people buy on this dip? like nothing happens...lol
Typical move to shake out the weak holders shortly before earnings which will most likely beat expectations if this whole charade is to pay off.
Just double POMO tomorrow...use the extra cash to support the markets. Problem solved bitches.
Will the fed have to directly buy apple now? Stock market is the economy right ben?
Ty, Fidelity Contrafund alone has $ 5.1 billion in AAPL shares, representing fully 7.1 % of the fund's assets.
Welcome to the Hotel Cupertino.
It would help to see the average price at which the funds acquired their shares in the first place.
A quick glance shows:
#130 Texas Education 769,878 shares
#160 Texas Employee Retirement 574,000 shares
#188 Kentucky Teachers Retirement 427,490 shares
Oh POMO, please hurry, hurry and save us from ourselves!
Looks like Harry is #149 on the list...
Michael O'Hara: Once, off the hump of Brazil I saw the ocean so darkened with blood it was black and the sun fainting away over the lip of the sky.We'd put in at Fortaleza, and a few of us had lines out for a bit of idle fishing. It was me had the first strike. A shark it was. Then there was another, and another shark again, 'till all about, the sea was made of sharks and more sharks still, and no water at all. My shark had torn himself from the hook, and the scent, or maybe the stain it was, and him bleeding his life away drove the rest of them mad. Then the beasts to to eating each other.In their frenzy, they ate at themselves.You could feel the lust of murder like a wind stinging your eyes, and you could smell the death, reeking up out of the sea. I never saw anything worse... until this little picnic tonight.And you know, there wasn't one of them sharks in the whole crazy pack that survived.