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Intraday CSCO Losses For Top 50 Holders: $10+ Billion

Tyler Durden's picture




 

As readers recall all too vividly, CSCO has traditionally been the one stock whose drop has precipitated at least one major tech market correction in the past. Will it do so this time? For now it is unclear: never before was the Fed the open buyer of every resort and thus risk used to exist, now not so much. Nonetheless, here is a look at the intraday losses for the top holders in the stock. A quick look at the top 50 holders indicates that today alone has generated over $10 billion in intraday losses. Will this lead to margin calls for already massively cash strapped funds, and thus waterfalling liquidations, remains unclear but should be carefully monitored.

Source: CapIq

 

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Thu, 11/11/2010 - 13:00 | 719666 ewmayer
ewmayer's picture

Fortunately for Cisco insiders, they had the "foresight" to dump 60% of their holdings over the past 6 months:

http://globaleconomicanalysis.blogspot.com/2010/11/congratulations-to-ci...

Not that they any inkling that their margins were getting hammered, or anything...I'm sure this was all "pre-planned" sales or whatever the polite euphemism for trading on advance insider knowledge of earnings trends is these days.

Thu, 11/11/2010 - 13:19 | 719714 PolishHammer
PolishHammer's picture

you're looking for "diversification" and "tax reasons" as other plausible explanations

Thu, 11/11/2010 - 13:00 | 719667 prophet
prophet's picture

muts get mauled

Thu, 11/11/2010 - 13:01 | 719671 The Axe
The Axe's picture

The market is so rigged now, that no one stock will have any effect. Just buy BIDU, or SFUN, or CMG...please. The market is broken. And only the computers are on. Why do we even care...

Thu, 11/11/2010 - 13:04 | 719680 vote_libertaria...
vote_libertarian_party's picture

Maybe CSCO is a predictor because it has an EOQ one month later than the others.

Thu, 11/11/2010 - 13:05 | 719684 Absinthe Minded
Absinthe Minded's picture

So much for "Vanguarding"

Thu, 11/11/2010 - 13:07 | 719688 sheeple
sheeple's picture

oh gosh SSGA, BLK ... TBTF?

Thu, 11/11/2010 - 13:08 | 719691 RobotTrader
RobotTrader's picture

Chambers must be getting beaten badly today by angry shareholders.

Thu, 11/11/2010 - 13:11 | 719699 plocequ1
plocequ1's picture

Damn I just gooped all over my Macbook pro. How do i explain this to The genius bar?

Thu, 11/11/2010 - 13:12 | 719701 AbandonShip
AbandonShip's picture

Thanks Robo.  Maybe you're not as bad as I think!

Thu, 11/11/2010 - 13:21 | 719716 PolishHammer
PolishHammer's picture

you should be covered by applecare

Thu, 11/11/2010 - 14:18 | 719853 SheepDog-One
SheepDog-One's picture

Nah, just go to Yahoo! Finance message board, all the permabull tards there are calling for about a 30% run up real soon...'buy da dip', overdone they say.... Calm as Hindu cows.

Thu, 11/11/2010 - 13:08 | 719692 London Dude Trader
London Dude Trader's picture

Re. margin calls: look for huge liquidations of whatever profitable positions funds are in, esp. AAPL, GLD, SLV, AMZN....  

Thu, 11/11/2010 - 13:16 | 719708 Oh regional Indian
Oh regional Indian's picture

Adding further to my gloom omen list...

a. Harbinger dying on the vine... prophetic name

b. The luck of the Irish finally runs out

c. Insider rats jumping (leaping) ship

d. Ciscotally screwed..... 

e. ... (it's still early days)...

 

It's adding up to a cascade....

11-11.....tick...tick...

ORI

http://aadivaahan.wordpress.com

Thu, 11/11/2010 - 13:17 | 719709 I am a Man I am...
I am a Man I am Forty's picture

Bought some last night and this morning.

Thu, 11/11/2010 - 13:18 | 719711 LongSoupLine
LongSoupLine's picture

or, (to play devil's advocate), look for primary dealers to swoop in and squeeze shorts with a POMO front run.  (no position)

Thu, 11/11/2010 - 13:18 | 719712 TheGreatPonzi
TheGreatPonzi's picture

AAPL is next.

Thu, 11/11/2010 - 14:02 | 719818 HarryWanger
HarryWanger's picture

AAPL is officially TBTF. Just look at it today. CSCO getting pounded, AAPL down a buck. As a matter of fact, if CSCO weren't down an amazing 16%, and down "only" 5%, the market would be green. All the high flyers are barely down pennies.

Thu, 11/11/2010 - 16:31 | 720240 I am a Man I am...
I am a Man I am Forty's picture

Well, we don't know if Apple is too big to fail or not because they are a kick ass business making a shit ton of money, so don't understand your point.

Thu, 11/11/2010 - 13:23 | 719723 qussl3
qussl3's picture

How long ago was that Hindenburg omen again?

With POMO coming it'll be really something if the omen holds though.

Thu, 11/11/2010 - 14:20 | 719854 SheepDog-One
SheepDog-One's picture

Yea well the big problem with POMO is how many people are left dumb enough to believe it? Not many at all I'd say.

Thu, 11/11/2010 - 13:27 | 719728 pazmaker
pazmaker's picture

It's a buy now.   Down 15% will gain back 5-8% by Wednesday next week.... then sell quickly

 

Thu, 11/11/2010 - 13:36 | 719760 London Dude Trader
London Dude Trader's picture

It will be at $18 by Wednesday

Thu, 11/11/2010 - 13:33 | 719747 max2205
max2205's picture

They are all hedged. But if they are not, how's that wealth effect theory holding up Ben.

Ben will allow Co to not issue quarterly reports. Just every 5 years. He can't let ER ruin his plan n

Thu, 11/11/2010 - 14:57 | 719935 ghostfaceinvestah
ghostfaceinvestah's picture

Only down 75% from 2000 highs, and never paid a dividend in its history.

What a great "investment".

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