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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 | Link to Comment Charley
Charley's picture

WTF?

Mon, 10/18/2010 - 16:59 | Link to Comment dr_teeth
dr_teeth's picture

Good night, and big balls.

Mon, 10/18/2010 - 17:11 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Rusty Shorts
Rusty Shorts's picture

Bank Of America is quick too !!

Resumes foreclosures in 23 states.

Mon, 10/18/2010 - 18:22 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Hulk
Hulk's picture

maddening is what it is...

Mon, 10/18/2010 - 22:11 | Link to Comment 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 | Link to Comment 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 | Link to Comment mogul rider
mogul rider's picture

mmmooooooooooooooooooooooooooo!

 

bitchez

Mon, 10/18/2010 - 19:40 | Link to Comment 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 | Link to Comment 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 | Link to Comment Turd Ferguson
Turd Ferguson's picture

YIKES!!!

Mon, 10/18/2010 - 16:57 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment RaymondKHessel
RaymondKHessel's picture

iBubblzzzz beeetheeeezzz

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

iCantbelieveit

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

:)

Mon, 10/18/2010 - 16:56 | Link to Comment 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 | Link to Comment tmosley
tmosley's picture

Wowzers.

Mon, 10/18/2010 - 16:57 | Link to Comment 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 | Link to Comment 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 | Link to Comment DukkButt
DukkButt's picture

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

Mon, 10/18/2010 - 17:10 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Popo
Popo's picture

QE2 in 10, 9, 8....

Mon, 10/18/2010 - 16:57 | Link to Comment 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 | Link to Comment jaap
jaap's picture

iLostawholelotofmoney...

Mon, 10/18/2010 - 16:57 | Link to Comment citationneeded
citationneeded's picture

is iInvisibleHand coming?

Mon, 10/18/2010 - 16:58 | Link to Comment 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 | Link to Comment sbenard
sbenard's picture

Thanks for the best belly roll ALL DAY!

I'll never forget the iCrash!

Mon, 10/18/2010 - 17:29 | Link to Comment sbenard
sbenard's picture

Thanks for the best belly roll ALL DAY!

I'll never forget the iCrash!

Mon, 10/18/2010 - 16:58 | Link to Comment 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 | Link to Comment 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 | Link to Comment Turd Ferguson
Turd Ferguson's picture

Gonna need a little extra iPOMO

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

iSHIT, bitchez.

Mon, 10/18/2010 - 17:32 | Link to Comment papaswamp
papaswamp's picture

think those are iBewbs

Mon, 10/18/2010 - 16:59 | Link to Comment 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 | Link to Comment Charley
Charley's picture

+1

Mon, 10/18/2010 - 18:36 | Link to Comment DukkButt
DukkButt's picture

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

Mon, 10/18/2010 - 17:00 | Link to Comment 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 | Link to Comment -Michelle-
-Michelle-'s picture

Oh my.

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

iSharted

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

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

Mon, 10/18/2010 - 17:49 | Link to Comment MsCreant
MsCreant's picture

iShorted

 

there is more to this joke than meets the i

Mon, 10/18/2010 - 17:01 | Link to Comment Yikes
Yikes's picture

What are the implications for the index's tomorrow?

Mon, 10/18/2010 - 17:13 | Link to Comment 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 | Link to Comment MsCreant
MsCreant's picture

The term is "Shock Market."

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

cf. naomi klein

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

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

Mon, 10/18/2010 - 17:01 | Link to Comment 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 | Link to Comment MichaelG
MichaelG's picture

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

Mon, 10/18/2010 - 18:40 | Link to Comment DukkButt
DukkButt's picture

Tighter grip helps - so I've heard.

Mon, 10/18/2010 - 17:02 | Link to Comment EireWhiteTrash
EireWhiteTrash's picture

Check out SPY same thing.

 

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

 

 

Mon, 10/18/2010 - 17:19 | Link to Comment New_Meat
New_Meat's picture

but now back to 118 handle--go figure

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

MSFT ain't helping either with ozzie stepping down.

Mon, 10/18/2010 - 17:11 | Link to Comment 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 | Link to Comment Pool Shark
Pool Shark's picture

Creepy Eddie Haskell is probably a fed official...

Mon, 10/18/2010 - 18:51 | Link to Comment Fred Hayek
Fred Hayek's picture

You're looking radiant today, Mrs. Bernanke.

Mon, 10/18/2010 - 17:43 | Link to Comment 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 | Link to Comment 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 | Link to Comment carbonmutant
carbonmutant's picture

/DX getting vertical

Correlation Bitchez...

Mon, 10/18/2010 - 17:27 | Link to Comment AccreditedEYE
AccreditedEYE's picture

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

Mon, 10/18/2010 - 17:34 | Link to Comment 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 | Link to Comment plocequ1
plocequ1's picture

SOLD!!! Im out. 

Mon, 10/18/2010 - 17:54 | Link to Comment 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 | Link to Comment H H Henry P P P...
H H Henry P P P Paulson's picture

iLaugh

Mon, 10/18/2010 - 17:03 | Link to Comment 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 | Link to Comment ZeroPower
ZeroPower's picture

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

Mon, 10/18/2010 - 17:06 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment razorthin
razorthin's picture

take that, tech-bubble throw-backs!

Mon, 10/18/2010 - 17:06 | Link to Comment fuu
fuu's picture

Seems to be recovering a bit now.

Mon, 10/18/2010 - 17:12 | Link to Comment 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 | Link to Comment 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 | Link to Comment RobotTrader
RobotTrader's picture

Mo-mo traders getting nuked.

 

Mon, 10/18/2010 - 17:13 | Link to Comment Spalding_Smailes
Spalding_Smailes's picture

Robo ~

 

When are you going to bail on your long plays ?

Mon, 10/18/2010 - 18:11 | Link to Comment Entremanure
Entremanure's picture

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

Mon, 10/18/2010 - 19:05 | Link to Comment doomandbloom
doomandbloom's picture

iAgree

Mon, 10/18/2010 - 17:40 | Link to Comment GoinFawr
GoinFawr's picture

iDuplicate

Mon, 10/18/2010 - 17:28 | Link to Comment AccreditedEYE
AccreditedEYE's picture

I hope you're not one of them!

Tue, 10/19/2010 - 00:34 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment MichaelG
MichaelG's picture

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

Mon, 10/18/2010 - 23:42 | Link to Comment Pillage
Pillage's picture

Hard to be short when blah blah blah

Mon, 10/18/2010 - 17:07 | Link to Comment 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 | Link to Comment tmosley
tmosley's picture

(h)iNdinburg Omen?

Tue, 10/19/2010 - 00:52 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Jim B
Jim B's picture

Okay, which trades get cancelled??  LOL

Mon, 10/18/2010 - 17:09 | Link to Comment 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 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

iREBOUND before tomorrow's opening.

Mon, 10/18/2010 - 17:09 | Link to Comment 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 | Link to Comment 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 | Link to Comment the rookie cynic
the rookie cynic's picture

Does this mean iPOMO didn't work?

Mon, 10/18/2010 - 17:10 | Link to Comment JesseJames
JesseJames's picture

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

Mon, 10/18/2010 - 17:17 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Miss Expectations
Miss Expectations's picture

One more...

iSpy

Tue, 10/19/2010 - 10:56 | Link to Comment 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 | Link to Comment 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 | Link to Comment mjbommar
Mon, 10/18/2010 - 17:41 | Link to Comment 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 | Link to Comment 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 | Link to Comment max2205
max2205's picture

Buy the dips dipshits havenot quit

Mon, 10/18/2010 - 17:14 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Implicit simplicit
Implicit simplicit's picture

A carniverous apple eaten by an android.

 oxymoron dissonance.

Mon, 10/18/2010 - 17:45 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment fiddler_on_the_roof
fiddler_on_the_roof's picture

iBUY tomorrow at $300.

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

Maybe Reggie went short after all...

Mon, 10/18/2010 - 17:22 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Edwardo
Edwardo's picture

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

Tue, 10/19/2010 - 03:28 | Link to Comment 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 | Link to Comment virgilcaine
virgilcaine's picture

Stocks can go down.?

Mon, 10/18/2010 - 17:24 | Link to Comment 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 | Link to Comment Entremanure
Entremanure's picture

You do that...

Tue, 10/19/2010 - 10:23 | Link to Comment AxiosAdv
AxiosAdv's picture

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

Mon, 10/18/2010 - 18:38 | Link to Comment 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 | Link to Comment Jupiter0
Jupiter0's picture

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

Mon, 10/18/2010 - 17:46 | Link to Comment 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 | Link to Comment 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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