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iTIMBER

Tyler Durden's picture




 

Funny thing about bubbles. They pop. HFTs playing a serious game of pass the hot grenade right now. Everyone please join us in prayer that Waddell and Reed does not decide to sell a block of 10 ES contracts right now, as the world could very well blow up.

CNBC's take:

 

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Mon, 10/18/2010 - 16:54 | 659250 Charley
Charley's picture

WTF?

Mon, 10/18/2010 - 16:59 | 659290 dr_teeth
dr_teeth's picture

Good night, and big balls.

Mon, 10/18/2010 - 17:11 | 659351 morph
morph's picture

Yes wtf. Apple down 6% QQQQ only down 1%

If you look at other big tech components they are also down 1%+. ORCL GOOG AMZN INTC CSCO MSFT

Looks like a good opportunity for some arb.

Mon, 10/18/2010 - 17:15 | 659375 kengland
kengland's picture

You guys are funny....it's off 4% and it's all over! LMAO...fade it bitchzes

Mon, 10/18/2010 - 17:23 | 659400 tmosley
tmosley's picture

Perhaps you don't understand.  Apple IS the economy.  Dow n4% overnight is like a loss of 4% GDP!  

We're all gonna freakin die!

Mon, 10/18/2010 - 17:37 | 659452 morph
morph's picture

Re-read what I wrote.

 

Also in response to you, AAPL and IBM are the largest (over)weighted components in the Nasdaq and DOW respectively. So they are heavily the market.

Tue, 10/19/2010 - 01:59 | 660513 Red Neck Repugnicant
Red Neck Repugnicant's picture

HOLY SHIT!!!

Apple fell all the way to $300?! 

How many days of gains were wiped out?  3 years?  2 years?  1 year?  9 months? 6 months? 3 months? 3 days?

I'll bet Apple recovers ridiculously fast, and the market yawns tomorrow.   

Buy the dip!

Mon, 10/18/2010 - 17:36 | 659454 Ragnarok
Ragnarok's picture

Quick! The Gov't wants you to sell your farm land.

 

FDIC Warns of Possible US Farmland 'Bubble'

http://www.cnbc.com/id/39727942

 

Producing farm land is probably the investment of the century, even dare I say better than Gold.  The Gov't and its puppet masters are at it again.

Mon, 10/18/2010 - 17:50 | 659511 Rusty Shorts
Rusty Shorts's picture

Bank Of America is quick too !!

Resumes foreclosures in 23 states.

Mon, 10/18/2010 - 18:22 | 659598 Cognitive Dissonance
Cognitive Dissonance's picture

They traced the problem to bad Firmware in one of their RoboPens. :>)

All fixed now.

Mon, 10/18/2010 - 22:39 | 660207 StychoKiller
StychoKiller's picture

Digital ink is so fickle!  Ya never know when it's gonna spit out some extra zeroes! :>D

Mon, 10/18/2010 - 18:32 | 659626 minus dog
minus dog's picture

Productive farmland has no portability whatsoever and you, as an individual, may own it only at the whim of the government.  They can take it at any time and there really isn't fuckall you can do about it.

Mon, 10/18/2010 - 19:21 | 659777 Popo
Popo's picture

Very true. In fact, there is no such thing as property ownership in the USA. We rent from the govt. Stop paying every year, and you have to move.... That sure doesn't sound like ownership.

Furthermore, to own land is to be exposed to potentially ever greater taxes. Land "ownership" is the new serfdom. Ironic isn't it?

Mon, 10/18/2010 - 20:43 | 659966 Hulk
Hulk's picture

maddening is what it is...

Mon, 10/18/2010 - 22:11 | 660139 Reductio ad Absurdum
Reductio ad Absurdum's picture

"They can take it [your land] at any time"

But the government has already demonstrated that they can take your gold anytime, too.

Popo's comment about renting your land from the government due to property taxes occurred to me recently. One way to look at it is, to "own" $100,000 worth of land, you have to pay $200,000: the first $100,000 buys the land and the second $100,000 goes into a "safe" investment that generates enough dividends every year to pay your [expected] property taxes and to increase the principle to keep up with inflation.

In that sense, you "own" the land -- it just costs more than you thought. Still, it would be nice to own land outright; I wonder if our pioneer forebears ever feared that they didn't "own" the land they were living on?

Mon, 10/18/2010 - 22:19 | 660152 Dangertime
Dangertime's picture

You can hide your gold.

 

How are you going to hide your land?

 

Besides, you don't have to pay taxes when you own gold.  But you have to when you own land.

Mon, 10/18/2010 - 19:02 | 659719 mogul rider
mogul rider's picture

mmmooooooooooooooooooooooooooo!

 

bitchez

Mon, 10/18/2010 - 19:40 | 659822 PeterSchump
PeterSchump's picture

I think it's a hint that the gov't has plans to kill off alot of would be farm product eaters, telling their "boys" to get out. Lots of "smart money" bought farmland.  It is like Men In Black where Tommy Lee Jones is looking for tips in the Weekly World News and The Sun.  That's just about where sane people place CNBC.

Mon, 10/18/2010 - 19:47 | 659834 wisefool
wisefool's picture

10% increase in property taxes this year specific to farm land in my area. In addition to the normal rate increases on all real estate.They called it "Equalization"

Also known as spreading the wealth.

Also known as progressivism.

So the government will intervene to squash profits on something that:

- is very hard to obtain

- Nearly impossible to get a standard rate mortgage on. 

- Requires maintenance, upkeep and security

- Provides necessities for the world

But the government actively creates bubbles in McMansions, HELOCs for trips, toys, coke, whores Dot-Com and Enron.

Then when those bubbles pop, we bail out all the participants.

We surely are in a bizzaro world at best, and probably something much more sinister......

Mon, 10/18/2010 - 16:54 | 659254 Turd Ferguson
Turd Ferguson's picture

YIKES!!!

Mon, 10/18/2010 - 16:57 | 659279 Dr. Richard Head
Dr. Richard Head's picture

6.3% of yikes in after hours trading.

I might try that will my wife.  Honey, it was nothing. That was after hours marrital.

Mon, 10/18/2010 - 17:14 | 659365 Cognitive Dissonance
Cognitive Dissonance's picture

It works the first few times but then.......not like I know..........she said she was disappointed too many times in the past..............4 hours? I can't get 4 minutes............time to double the Viagra dosage.........my ears are getting hot.......I'm not feeling very well.

Mon, 10/18/2010 - 17:37 | 659460 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

be careful with double dosing that stuff, CD we don't want you to have to spend some time in hospital away from posting your valuable comments. kiss kiss.

Tue, 10/19/2010 - 01:57 | 660511 Hook Line and S...
Hook Line and Sphincter's picture

CD, get off that V! 

Try eating some watermelon or drinking pomegranate juice. Instant vascular reaction.

Mon, 10/18/2010 - 17:01 | 659280 Yikes
Yikes's picture

You rang?  This is what my reaction was to reading Zero Hedge for the first time. :o

Mon, 10/18/2010 - 16:55 | 659256 RaymondKHessel
RaymondKHessel's picture

iBubblzzzz beeetheeeezzz

Mon, 10/18/2010 - 16:55 | 659259 bada boom
bada boom's picture

iCantbelieveit

Mon, 10/18/2010 - 17:23 | 659401 Horatio Beanblower
Horatio Beanblower's picture

:)

Mon, 10/18/2010 - 16:56 | 659267 IdiotInvestor2
IdiotInvestor2's picture

No matter what - ZH headlines always make me chuckle. Even on a bad day for my shorts, I come to ZH just to laugh about it all. But it's even better, funnier and more relaxing when I am not being rammed by the bull.

Mon, 10/18/2010 - 16:56 | 659270 tmosley
tmosley's picture

Wowzers.

Mon, 10/18/2010 - 16:57 | 659273 HarryWanger
HarryWanger's picture

Unless Jobs can spin this margin and iPad miss in the CC with IBM tanking, tomorrow could be a disaster.

Mon, 10/18/2010 - 16:59 | 659286 bada boom
bada boom's picture

How about a free iPad with every foreclosure sale...

Oh wait, that won't work.

Mon, 10/18/2010 - 18:34 | 659635 DukkButt
DukkButt's picture

Or a free foreclosure sale with every iPad sale!!!

Mon, 10/18/2010 - 17:10 | 659349 ptoemmes
ptoemmes's picture

CNBC has "IBM Profit Grows, Tops Wall Street Expectations"

Bloomberg has "IBM Posts Third-Straight Quarterly Drop in Service Contracts; Shares Fall "

Two headlines enter, one headline leaves.

iCANTWAIT.

 

Pete

Mon, 10/18/2010 - 18:26 | 659424 bada boom
bada boom's picture

Wait, I think I got this time, a plan to fix it all.

The fed starts selling gold tomorrow at the open.

They take the money and buy iPads, iPhones, and other iCrap.

Then, they fill the vaults with the unopened iBoxes, painted gold of course.

The stock market rallies and gold market declines. 

Problem solved!

Mon, 10/18/2010 - 19:13 | 659755 SheepDog-One
SheepDog-One's picture

With tech bubbles like Apple, its all about margins once those slip, its over. Same thing happened at RIMM's top of $149, did OK on earnings, margins showed cracks, quickly lost $100 from there.

Mon, 10/18/2010 - 19:23 | 659786 Popo
Popo's picture

QE2 in 10, 9, 8....

Mon, 10/18/2010 - 16:57 | 659274 etrader
etrader's picture

They'll need the "Night Time"  Ipad to stop this bleed.....

Good job Brian's back in the control seat tomorrow.

 

Mon, 10/18/2010 - 16:57 | 659275 jaap
jaap's picture

iLostawholelotofmoney...

Mon, 10/18/2010 - 16:57 | 659276 citationneeded
citationneeded's picture

is iInvisibleHand coming?

Mon, 10/18/2010 - 16:58 | 659285 lizzy36
lizzy36's picture

looking foward to the iCrash.

and if any iCrash trades are dk'd one will go absolutely fucking ballistic.

Mon, 10/18/2010 - 17:27 | 659414 sbenard
sbenard's picture

Thanks for the best belly roll ALL DAY!

I'll never forget the iCrash!

Mon, 10/18/2010 - 17:29 | 659425 sbenard
sbenard's picture

Thanks for the best belly roll ALL DAY!

I'll never forget the iCrash!

Mon, 10/18/2010 - 16:58 | 659287 matthew1182
matthew1182's picture

Hmm nice support at -10% there.  No surprise... Do not forget the past everyone.  The same thing happened during the depression.  They would ramp the market up 7-10% during the day only to see it close flat and red.  History repeats.  Follow the trend and not the "experts."  We in the infinite moral hazard black hole.

Mon, 10/18/2010 - 17:44 | 659488 cossack55
cossack55's picture

Moral hazard no longer exists.  It was ruled illegal by the USSC in a 8-1 vote.  No dissenting remarks were recorded.

Mon, 10/18/2010 - 16:59 | 659291 Turd Ferguson
Turd Ferguson's picture

Gonna need a little extra iPOMO

Mon, 10/18/2010 - 17:13 | 659363 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

iSHIT, bitchez.

Mon, 10/18/2010 - 17:32 | 659444 papaswamp
papaswamp's picture

think those are iBewbs

Mon, 10/18/2010 - 16:59 | 659293 Cdad
Cdad's picture

Shit!  Now all the f'n Apple zombies will be roaming the streets, angry, and discovering their taste for human flesh.

I don't have enough ammo for this shit yet!

Mon, 10/18/2010 - 17:05 | 659325 Charley
Charley's picture

+1

Mon, 10/18/2010 - 18:36 | 659643 DukkButt
DukkButt's picture

Isn't there an anti-zombie iApp for that?

Mon, 10/18/2010 - 17:00 | 659295 blunderdog
blunderdog's picture

Welp, that's it, then.  The world is officially ending now.  The second largest company in the universe just flash-crashed.  Sky is falling.  Ayep. 

Jump, fuckers.

Mon, 10/18/2010 - 17:00 | 659297 -Michelle-
-Michelle-'s picture

Oh my.

Mon, 10/18/2010 - 17:00 | 659301 Gubbmint Cheese
Gubbmint Cheese's picture

iSharted

Mon, 10/18/2010 - 17:41 | 659481 Agent P
Agent P's picture

I didn't realize there was an app for that.

Mon, 10/18/2010 - 17:49 | 659503 MsCreant
MsCreant's picture

iShorted

 

there is more to this joke than meets the i

Mon, 10/18/2010 - 17:01 | 659302 Yikes
Yikes's picture

What are the implications for the index's tomorrow?

Mon, 10/18/2010 - 17:13 | 659362 bada boom
bada boom's picture

Seriously, who the heck knows.  I believe apple could actually rally tomorrow in this funny money stock market.  Not that it makes logical sense.

Mon, 10/18/2010 - 17:50 | 659512 MsCreant
MsCreant's picture

The term is "Shock Market."

Tue, 10/19/2010 - 02:58 | 660548 jeff montanye
jeff montanye's picture

cf. naomi klein

Mon, 10/18/2010 - 17:01 | 659304 No One
No One's picture

All AAPL trades below $310 will be canceled by 9 AM EDT tomorrow morning.

Mon, 10/18/2010 - 17:01 | 659305 Comrade de Chaos
Comrade de Chaos's picture

What is the "AGA" (association gamblers anonymous) number again?

Mon, 10/18/2010 - 17:01 | 659308 Bill Lumbergh
Bill Lumbergh's picture

This is absolutely unacceptable...someone dial up Benny as I am busy dialing up Timmy...we cannot have the equity markets down more than 1% ever again.

Mon, 10/18/2010 - 18:24 | 659604 MichaelG
MichaelG's picture

iAm trying but iJust keep getting dropped calls. Perhaps iAm holding it wrong.

Mon, 10/18/2010 - 18:40 | 659649 DukkButt
DukkButt's picture

Tighter grip helps - so I've heard.

Mon, 10/18/2010 - 17:02 | 659309 EireWhiteTrash
EireWhiteTrash's picture

Check out SPY same thing.

 

http://stockcharts.com/h-sc/ui?s=spy

 

 

Mon, 10/18/2010 - 17:19 | 659388 New_Meat
New_Meat's picture

but now back to 118 handle--go figure

Mon, 10/18/2010 - 17:02 | 659313 Bruno the Bear
Bruno the Bear's picture

MSFT ain't helping either with ozzie stepping down.

Mon, 10/18/2010 - 17:11 | 659353 Ned Zeppelin
Ned Zeppelin's picture

And with the Beav's mom turning in for the long dirt nap, things ain't looking good, people.

Mon, 10/18/2010 - 17:35 | 659453 Pool Shark
Pool Shark's picture

Creepy Eddie Haskell is probably a fed official...

Mon, 10/18/2010 - 18:51 | 659683 Fred Hayek
Fred Hayek's picture

You're looking radiant today, Mrs. Bernanke.

Mon, 10/18/2010 - 17:43 | 659483 Cheyenne
Cheyenne's picture

That's right, heh heh.

rtsp://v6.cache1.c.youtube.com/CjgLENy73wIaLwlzYRgZY0rXMxMYESARFEIJbXYtZ29vZ2xlSARSB3Jlc3VsdHNg_f6bhcGfwqdMDA==/0/0/0/video.3gp;connectionuid=WAP2%20trans

Mon, 10/18/2010 - 18:59 | 659709 Phat Stax
Phat Stax's picture

Righteous!  "Ward, don't you think you were a little hard on the Beaver last night?"  (actual line never happened).

This was her finest moment:

http://www.youtube.com/watch?v=xKfS3udCCx0&feature=player_embedded

Mon, 10/18/2010 - 17:03 | 659314 carbonmutant
carbonmutant's picture

/DX getting vertical

Correlation Bitchez...

Mon, 10/18/2010 - 17:27 | 659410 AccreditedEYE
AccreditedEYE's picture

SO much for the short vol trade...VIX bitchez!

Mon, 10/18/2010 - 17:34 | 659451 Rusty_Shackleford
Rusty_Shackleford's picture

Nice to see what kind of thread our currency is hanging from, isn't it.

 

"China announces it's pegging it's currency to AAPL share price"

Mon, 10/18/2010 - 17:02 | 659315 plocequ1
plocequ1's picture

SOLD!!! Im out. 

Mon, 10/18/2010 - 17:54 | 659523 MsCreant
MsCreant's picture

YOU DID IT!!! Don't cha know you are supposed to let go of those shares slowly?

Be vewry, vewry, cawreful, the mawket is vewry, vewry, fwragile. 

Mon, 10/18/2010 - 17:03 | 659317 H H Henry P P P...
H H Henry P P P Paulson's picture

iLaugh

Mon, 10/18/2010 - 17:03 | 659318 Clint Liquor
Clint Liquor's picture

Check out all that wonderful liquidity the HFTs are providing.

Meanwhile, the 'Talking Heads' keep asking 'when will the retail investor come back to the market?' Maybe when they get over their fear of SEC sanctioned sodomy.

Mon, 10/18/2010 - 17:21 | 659393 ZeroPower
ZeroPower's picture

Market is too thin for algos in the afterhours, theyre off.

Mon, 10/18/2010 - 17:06 | 659324 Bill Lumbergh
Bill Lumbergh's picture

On a brighter note, Bank of America is now RESUMING foreclosures since they have a right to what is rightfully theirs:

http://news.yahoo.com/s/ap/20101018/ap_on_bi_ge/us_bank_of_america_foreclosures

Now we can put this foreclosure mess behind us and look to bigger issues like when AAPL can resume its path towards $600.

Mon, 10/18/2010 - 17:38 | 659463 Spalding_Smailes
Spalding_Smailes's picture
The Federal Home Loan Bank of Chicago, one of 12 federally chartered wholesale banks that work with smaller lenders, has sued Bank of America, Goldman Sachs, Citigroup and Wells Fargo, alleging deceptive practices when it came to the sale of residential-mortgage backed securities. The Federal Home Loan Bank of Chicago bought more than $3.3 billion in such securities from these banks, reports Bloomberg.

 

The lawsuit was filed an Illinois state court in Chicago by the congressionally chartered wholesale bank, which describes itself on its website as one of 12 regional U.S. institutions serving smaller retail home lenders.

“The defendants did not tell the bank the truth about the loans that comprised the mortgage pools,” underlying the securities, the Federal Home Loan Bank alleged. While it believed it was acquiring “safe” securities, “in fact the bank purchased a toxic stew of doomed mortgage loans,” according to the complaint.

http://www.bloomberg.com/news/2010-10-15/bank-of-america-sued-by-chicago...

Mon, 10/18/2010 - 18:04 | 659545 Rainman
Rainman's picture

FHLB Chicago was gorging on  the toxic stew of doomed mortgages too....?? I assume the other FHLBs have been eating at the same restaurant. They'll  eventually go after the boyz one at a time, twelve times.

Business for securities attorneys will be good for a long time.  

Mon, 10/18/2010 - 17:06 | 659327 razorthin
razorthin's picture

take that, tech-bubble throw-backs!

Mon, 10/18/2010 - 17:06 | 659328 fuu
fuu's picture

Seems to be recovering a bit now.

Mon, 10/18/2010 - 17:12 | 659357 Assetman
Assetman's picture

Somebody out there was trying like hell to support this thing @ $300.00.

It doesn't look like a total success... yet.

Mon, 10/18/2010 - 17:16 | 659378 LMAO
LMAO's picture

Yeah, it's just a short lapse due to the absence of POMO Magic.

LMAO

Mon, 10/18/2010 - 17:06 | 659329 RobotTrader
RobotTrader's picture

Mo-mo traders getting nuked.

 

Mon, 10/18/2010 - 17:13 | 659368 Spalding_Smailes
Spalding_Smailes's picture

Robo ~

 

When are you going to bail on your long plays ?

Mon, 10/18/2010 - 18:11 | 659557 Entremanure
Entremanure's picture

When are you going to start posting pics of half-naked hot chicks again!

Mon, 10/18/2010 - 19:05 | 659730 doomandbloom
doomandbloom's picture

iAgree

Mon, 10/18/2010 - 17:40 | 659415 GoinFawr
GoinFawr's picture

iDuplicate

Mon, 10/18/2010 - 17:28 | 659422 AccreditedEYE
AccreditedEYE's picture

I hope you're not one of them!

Tue, 10/19/2010 - 00:34 | 659430 GoinFawr
GoinFawr's picture

"Mo-mo traders getting nuked"

Well, excepting those that Costanza Robotrader:

What looks good (to you) for tomorrow?!?!?!

"Reggie Middleton Wasn’t the ONLY Openly Apple Bear in the Blogoshpere, Was He?"

 

Apparently not:

 

by GoinFawr <breathes on own fingernails, polishes on tailored shirt>
on Fri, 10/15/2010 - 16:37
#654224

 

What a joke you are Robo; you pick one of the worst performers of a sector (AUY) and put it up against one of the best of another. I mean how ridiculous, I hope you don't expect anyone to take your crap seriously.

For some reason Yamana seems to be one of the most hated mining stocks around, the shorts are brutal, and the puts win practically every op ex.  But thanks for the tip, now at least I know who to load up on come Monday. Oh, and short too (I've always wanted to take a bite out of Eh-Puhl, in a quick 'Robin Hooder').

IE If it wasn't such an obvious waste of time I could show you the short list of a portfolio in the junior/intermediate gold/metals mining sectors that have double and triple the percentage gain for the same timeframe. And they weren't just cherry picked to make some non-existent peanut gallery point in the comments section either...

 

It probably won't stick, but

Warmest Regards anyway.

PS I'll take those junks as compliments. Hoo HOO!

Mon, 10/18/2010 - 18:02 | 659541 the rookie cynic
the rookie cynic's picture

 I'm really not trying to be funny with asking this. I'm just curious.  Does anyone at ZH (chemistry or physic background perhaps) know what happens to gold stored anywhere near the epicenter of a nuclear explosion?

Mon, 10/18/2010 - 18:26 | 659580 akak
akak's picture

It would depend greatly on the yield of the nuclear device, but in a sufficiently large nuclear explosion, say maybe one megaton or greater, a sample of gold at ground zero could absorb enough extremely high-energy photons (i.e., gamma radiation) to induce fission within the gold, producing various lighter elements, as well as aborb sufficient neutrons to produce a number of unstable (radioactive) gold isotopes, some of which would again fission to produce a number of potential daughter elements.  But in practice, the gold would just be vaporized in the explosion, or if protected enough to not vaporize, would most likely not absorb enough high-energy neutrons or photons to induce any nuclear reactions within the gold anyway.

So, the "Goldfinger Scenario" is really not possible in reality, at least not by using nuclear weapons.

Mon, 10/18/2010 - 18:31 | 659622 MichaelG
MichaelG's picture

+1 runaway chain reaction. Also, neither is the 'Bernanke Scenario'.

Mon, 10/18/2010 - 23:42 | 660341 Pillage
Pillage's picture

Hard to be short when blah blah blah

Mon, 10/18/2010 - 17:07 | 659334 Turd Ferguson
Turd Ferguson's picture

An interesting tidbit from Melissa Lee (no pun intended):

The last time AAPL traded lower after earnings release was July 21, 2008.

Hmmm. That preceded the last market crash/economic crisis by what, 40 days? 

Mon, 10/18/2010 - 17:13 | 659360 tmosley
tmosley's picture

(h)iNdinburg Omen?

Tue, 10/19/2010 - 00:52 | 660448 RockyRacoon
RockyRacoon's picture

I'll admit to being a Luddite.  Don't own any iShit and still can't do the camera thing with my cell phone (on which I log a blazing 10 minutes or less a month).  I'm a whiz with eBay however!

Mon, 10/18/2010 - 17:08 | 659336 razorthin
razorthin's picture

it's a megacap, bichez.  won't be long it will be trading like ibm, msft, csco, etc....

Mon, 10/18/2010 - 17:08 | 659337 Ned Zeppelin
Ned Zeppelin's picture

Don't worry - iTampons come in "super-absorbent" and they can handle the heavy flow of losses.  If you're really experiencing alot of bleeding, try the new "Hoover Dam" model.

Mon, 10/18/2010 - 17:09 | 659338 Jim B
Jim B's picture

Okay, which trades get cancelled??  LOL

Mon, 10/18/2010 - 17:09 | 659339 patience...
patience...'s picture

Just a stumble, big Ben will have it pumped back up up in no time.

Mon, 10/18/2010 - 17:09 | 659341 hedgeless_horseman
hedgeless_horseman's picture

iREBOUND before tomorrow's opening.

Mon, 10/18/2010 - 17:09 | 659342 kaiserhoff
kaiserhoff's picture

Sorry, my fault.

I told them I wouldn't buy a damned ipad until it has an accordian app.

Wunerfulla, Wunerfulla

 

Mon, 10/18/2010 - 17:09 | 659343 TraderTimm
TraderTimm's picture

Just need to bit-shift the numbers around.

$297 a share, oh no -- lets just make that $792, crisis averted.

Not as far-fetched as DKing trades, either. Outright 'repricing' is next, lol.

Mon, 10/18/2010 - 17:10 | 659346 the rookie cynic
the rookie cynic's picture

Does this mean iPOMO didn't work?

Mon, 10/18/2010 - 17:10 | 659347 JesseJames
JesseJames's picture

Anyone see the 7million share trade on the SPY exe @ $106.46?

Mon, 10/18/2010 - 17:17 | 659382 SpeakerFTD
SpeakerFTD's picture

Was that real?   I saw my CQG jump and a huge red candle, but assumed it was a data error.   Is that a real print with real volume?

Mon, 10/18/2010 - 17:22 | 659398 Cdad
Cdad's picture

Was it real?  I hope so or I might be losing it.  I saw the trade as it went down.  But there is nothing special about that kind of crap...you can see those in the market every single day.

Mon, 10/18/2010 - 17:34 | 659439 ZeroPower
ZeroPower's picture

You guys are reading too much into regular market activity.

Those large vol irregular price prints are after a dark pool cross or at end of day rebalancing. Dunno what happened here but, its not uncommon if it just prints and doesnt actually make the price stay at those levels..

Mon, 10/18/2010 - 17:44 | 659489 Cdad
Cdad's picture

Right...sure.  Except sometimes you will see 5,6, 7 million shares print after close well below the LOD...and it is in those instances that a guy can clearly see that the game is rigged.

A bit too cavalier Zeropower.  I think we are supposed to think, notice, and read into market activity.  Most guys here are not zombies. 

Mon, 10/18/2010 - 19:13 | 659754 Miss Expectations
Miss Expectations's picture

One more...

iSpy

Tue, 10/19/2010 - 10:56 | 661210 ZeroPower
ZeroPower's picture

Why do you think you see this happens to mega vol prints and not a retail 100 share block?

When you post up your offer on the platform, and actually WANT to get hit with you xMM block, you better be offering some sort of 'value' to the potential bidders. 

Mon, 10/18/2010 - 17:21 | 659390 bada boom
bada boom's picture

Don't worry, I am sure that was just Waddell & Reed again.

The SEC is on top of it.

Mon, 10/18/2010 - 17:38 | 659462 mjbommar
Mon, 10/18/2010 - 17:41 | 659475 threefingerscam
threefingerscam's picture

Looks like 7m was backed out just before 4:54pm, on my screen the SPY volume went from 144m to 137m between 4:47pm and 4:54pm.

Mon, 10/18/2010 - 17:11 | 659352 RaymondKHessel
RaymondKHessel's picture

1 OZ FINE SILVER~ONE DOLLAR UNITED STATES OF AMERICA LIBERTY IN GOD WE TRUST 2005

Mon, 10/18/2010 - 17:13 | 659366 max2205
max2205's picture

Buy the dips dipshits havenot quit

Mon, 10/18/2010 - 17:14 | 659372 TheGreatPonzi
TheGreatPonzi's picture

Apple, the new parangon of America. According to CNBC, Apple is your economic future. My god, you're in deep shit. The Chinese can do better crap for less money.

Mon, 10/18/2010 - 17:51 | 659516 Ned Zeppelin
Ned Zeppelin's picture

Uh, the Chinese build all the iCrap. Check the label.  No Apple stuff comes from the USA except maybe the chips.

Mon, 10/18/2010 - 17:14 | 659373 pile of poop
pile of poop's picture

Seriosly people, AAPL is trading at LAST THURSDAY'S price.  it's not like it just dropped 50%.  Let's relax on the obligatory "ZOMG IT'S CRASHING" phrases. 

Mon, 10/18/2010 - 17:31 | 659437 Djirk
Djirk's picture

Fast money getting cagey.

The details:

~Revenue jumped 67%

~profit of $4.31 billion, or $4.64 a share, up from $2.53 billion, or $2.77 a share, a year earlier

~sold 14.1 million iPhone units, 91% more than a year ago

What are those clowns over at Apple doing? This will be hard to keep up!

 

Mon, 10/18/2010 - 17:15 | 659377 RobotTrader
RobotTrader's picture

Even gold and silver are getting dumped on the "rotten apple" news...

It's taking everything down with it after hours....

Mon, 10/18/2010 - 17:29 | 659426 Implicit simplicit
Implicit simplicit's picture

A carniverous apple eaten by an android.

 oxymoron dissonance.

Mon, 10/18/2010 - 17:45 | 659494 Pool Shark
Pool Shark's picture

Only in US$... Due to US$ after-hours surge.

Gold and Silver still UP in other currencies.

Mon, 10/18/2010 - 19:18 | 659769 SheepDog-One
SheepDog-One's picture

Good! I hope it all crashes tomorrow, I'd laugh my ass off.

Tue, 10/19/2010 - 00:55 | 660450 RockyRacoon
RockyRacoon's picture

Even gold and silver are getting dumped on the "rotten apple" news...

Correlation does not presuppose causation.  You might get your head outta that apple ass and look around for some other factors.

Mon, 10/18/2010 - 17:16 | 659380 fiddler_on_the_roof
fiddler_on_the_roof's picture

iBUY tomorrow at $300.

Mon, 10/18/2010 - 17:17 | 659384 Lets Hang Parliament
Lets Hang Parliament's picture

Maybe Reggie went short after all...

Mon, 10/18/2010 - 17:22 | 659396 Iam Rich
Iam Rich's picture

When HW and Robo say short Apple, we will know the turn is in.  I have my finger on the button.

Mon, 10/18/2010 - 17:19 | 659386 the mad hatter
the mad hatter's picture

apple is getting devoured by android on the left and declined credit cards on the right. oh and the angry chinese slaborers demanding higher wages in the rear.

well the front looks fine. bye bye bye!

my father, madder hatter, used to say: a rotten apple a day keeps the doctor away.

Mon, 10/18/2010 - 17:43 | 659486 kathy.chamberli...
kathy.chamberlin@gmail.com's picture

don't blame the apples they are innocent. damn poor apples getting all the bad press. i peel the skin and yes i never go to any fuck doctor. i never eat macintosh apples any more, mostly pink lady's.

Tue, 10/19/2010 - 03:25 | 660563 jeff montanye
jeff montanye's picture

pink ladies are delicious (if sometimes pricey).  for more on apples check out "the botany of desire".

Mon, 10/18/2010 - 17:19 | 659387 robertocarlos
robertocarlos's picture

It's returning to it's last price by morning. The only people who lost money were those who panicked or had stop losses.

Mon, 10/18/2010 - 17:20 | 659389 Gubbmint Cheese
Gubbmint Cheese's picture

saw a gnarly print in the SPY's at 11:09 as well.. or was that just my system bugging out again?

 

 

Mon, 10/18/2010 - 17:21 | 659392 Pillage
Pillage's picture

Is there a stipulation on the POMO money that it can not be used to short Apple?

Mon, 10/18/2010 - 17:23 | 659399 Edwardo
Edwardo's picture

Yes, the invisible, but palpable back of the hand is coming...fast and hard.

Tue, 10/19/2010 - 03:28 | 660566 jeff montanye
jeff montanye's picture

rare currently, we will see more of the invisible back of the hand.

Mon, 10/18/2010 - 17:24 | 659404 virgilcaine
virgilcaine's picture

Stocks can go down.?

Mon, 10/18/2010 - 17:24 | 659405 AxiosAdv
AxiosAdv's picture

I thought it was a pretty great qtr and I'm usually very critical of AAPL.  I'm buying some under 300.

Mon, 10/18/2010 - 18:16 | 659573 Entremanure
Entremanure's picture

You do that...

Tue, 10/19/2010 - 10:23 | 661082 AxiosAdv
AxiosAdv's picture

Not looking so dumb now is it?  Easy 15bucks.

Mon, 10/18/2010 - 18:38 | 659646 HarryWanger
HarryWanger's picture

Go ahead and buy, buy, buy. Heck when they cut the price of the iPad in half to dump inventory that should pump up revenue too. Of course by then, margins will have nose-dived. But go ahead, you should buy some.

Mon, 10/18/2010 - 17:25 | 659407 Jupiter0
Jupiter0's picture

lol at the "slightly". it's full scale bear raid seems to me

Mon, 10/18/2010 - 17:46 | 659497 AxiosAdv
AxiosAdv's picture

I don't agree with this at all.  If the stock was down 60 bucks, then yes.

Mon, 10/18/2010 - 17:27 | 659408 Comrade de Chaos
Comrade de Chaos's picture

http://finviz.com/futures_charts.ashx?t=NQ&p=d1

 

Nasdaq 100 ~ -1.5%

iJoke ?

iFunny !

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