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Meet Today's Biggest CSCO Losers

Tyler Durden's picture




 

This is an almost identical replica table to the one we posted three months ago when CSCO experienced its most recent plunge, which however paled in comaprison to today's. Following yesterday's abysmal results, here are the biggest losers now that CSCO is trading at the lowest price since July 14, 2009. The usual biggest loser suspects are not surprising. Neither is #16 Goldman Sachs Asset Management with $142 million in losses in one day in one stock.Way to go GSAM: reputation well-deserved.

Source: CapIQ

 

 

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Thu, 02/10/2011 - 15:51 | 950456 Dick Darlington
Dick Darlington's picture

The Bernank will make his squid buddies whole.

Thu, 02/10/2011 - 16:13 | 950557 whatsinaname
whatsinaname's picture

Great to see Mr Doll right at the top of the heap !!

Thu, 02/10/2011 - 15:52 | 950457 jus_lite_reading
Thu, 02/10/2011 - 15:54 | 950464 Greater Fool
Greater Fool's picture

The largest asset managers are also the largest holders of CSCO. Shocking!

Thu, 02/10/2011 - 21:30 | 951727 fellatio is not...
fellatio is not fattening's picture

I will bet there other major holdings are INTC and MSFT safety in numbers  LOL they aren't wrong if everyone says it

Thu, 02/10/2011 - 15:56 | 950465 AccreditedEYE
AccreditedEYE's picture

Way to go GSAM: reputation well-deserved.

I'd give 2 explanations: 1. Squid motto- Never give alpha to retail.... ever.

2. It's tough to win when you can't rig the game... er, I mean do God's work.

Thu, 02/10/2011 - 15:55 | 950476 Bruno the Bear
Bruno the Bear's picture

BLK's loss of $848+ million in a day isn't too shabby either.

Thu, 02/10/2011 - 15:56 | 950486 cougar_w
cougar_w's picture

I BTFD. Yeah, just a QE3 play. But it's the world we live in now.

Thu, 02/10/2011 - 15:59 | 950496 cheesewizz
cheesewizz's picture

And BLK is up a buck...

Thu, 02/10/2011 - 15:59 | 950500 A Man without Q...
A Man without Qualities's picture

It's situations like this when you see how silly the non-weighting of the Dow is...

Thu, 02/10/2011 - 16:04 | 950518 Gordon Freeman
Gordon Freeman's picture

It's certainly my biggest loss today...but the V calls came through nicely, so WTF

Thu, 02/10/2011 - 16:06 | 950524 Josh Randall
Josh Randall's picture

LOL - nice wall of shame list -- go long Physical instead - oh wait, you may be forced to sell against your will -- oh well, carry on then..

Thu, 02/10/2011 - 16:10 | 950541 Pure Evil
Pure Evil's picture

Is it time to buy the fucking CSCO dip?

Thu, 02/10/2011 - 21:29 | 951722 fellatio is not...
fellatio is not fattening's picture

Its actually humorous how every analyst continues to recommend INTC, MSFT and CSCO with such a feeling of "safety" and they've been wrong for ~5 years, when will they be hung at Broad & Wall

Fri, 02/11/2011 - 08:21 | 952329 fx
fx's picture

of course it's a strong buy here. Seems people sold csco and bought more crf, nflx, open and the likes. Flipping a boring cash-flow gushing market leader for hype, "growth" and momentum. Cool, eh?

Great, I gladly take the other side of that trade - buy csco and short crm, open and nflx.

Thu, 02/10/2011 - 16:10 | 950547 Agent P
Agent P's picture

"...three months ago when CSCO experienced its most recent plunge, which however paled in comaprison to today's..."

Stock was down 16% on Q1 results.  It's down a little more than 14% today on Q2.  Granted, the price is lower today, but that's just cause it fell from a lower a branch on the tree. 

Thu, 02/10/2011 - 16:29 | 950626 wswarrior
wswarrior's picture

How is the fact that Cisco being down 14.5% have such little impact on the DOW.  I know that it's a price index meaning that it does not give weight to market cap, but I can't believe that it hasn't had more of an impact on the S&P.  This is absolutely mind boggling that a $100B plus market cap company has such little impact on the general indices.  

Thu, 02/10/2011 - 16:44 | 950701 HedgeFundLIVE
HedgeFundLIVE's picture

Last two CSCO reports while considered irrelevant on the day of the event, ushered in a broader short term sell off soon thereafter. 

http://www.hedgefundlive.com/blog/csco-matters

Thu, 02/10/2011 - 16:50 | 950715 IrishSamurai
IrishSamurai's picture

Viagra kicking in ... MCG.

Thu, 02/10/2011 - 16:59 | 950752 Seasmoke
Seasmoke's picture

not a good day for the NY pension Thugs

Thu, 02/10/2011 - 17:12 | 950801 SteveNYC
SteveNYC's picture

Yet the NASDAQ closed GREEEEEEEEEEEEEEEEEEEEEEEEN baby. A healthy market, indeed.

Thu, 02/10/2011 - 17:42 | 950940 ghostfaceinvestah
ghostfaceinvestah's picture

Margin squeeze, coming soon to a company near you

http://www.marketwatch.com/story/kraft-reports-24-decline-in-quarterly-n...

 

The operating profit margin was 9%, 240 basis points lower than the prior year, Kraft also noted.

Thu, 02/10/2011 - 18:08 | 951070 ghostfaceinvestah
ghostfaceinvestah's picture

and another

http://www.marketwatch.com/story/pepsicos-profit-declines-on-higher-cost...

Beverage-and-snack behemoth PepsiCo Inc. posted a 5% decline in fourth-quarter profit Thursday, hurt by rising commodity prices.

Thu, 02/10/2011 - 18:28 | 951152 Deathtöngue
Deathtöngue's picture

Gee, so the market should be going down then, eh?

Someone better let the market know it's going in the wrong direction.

Thu, 02/10/2011 - 18:35 | 951170 ghostfaceinvestah
ghostfaceinvestah's picture

No, PE multiples just expand.

Just like the fall of '99.

Thu, 02/10/2011 - 17:59 | 951015 Stimulus Billy
Stimulus Billy's picture

CSCO is so 1990's.  Buy AAPL til it crashes- oh wait it's down...

Thu, 02/10/2011 - 18:26 | 951144 Deathtöngue
Deathtöngue's picture

CSCO's chart tells me it's a very good investment.

As long as you don't hold it whenever it reports earnings.

Has anyone else clued into that yet? Or should Paul Tudor Jones offer me a job for being so fecking prescient?

Thu, 02/10/2011 - 18:38 | 951189 spekulatn
Thu, 02/10/2011 - 23:12 | 951970 Ted K
Ted K's picture

Blankfein's secretary (who is rumored, only rumored, to have a special skill with kosher hot dogs between her thumb and index finger) has just sent an emergency text message to Blankfein's phone, telling him it's time for him to activate Plan "Emergency Parachute Bonus" now before available funds are expunged by Goldman cold-call operatives.

Fri, 02/11/2011 - 00:22 | 952082 Yen Cross
Yen Cross's picture

GET TO WORK NOW people. We don't trade 8 hour charts.

Fri, 02/11/2011 - 08:21 | 952328 fx
fx's picture

of course it's a strong buy here. Seems people sold csco and bought more crf, nflx, open and the likes. Flipping a boring cash-flow gushing market leader for hype, "growth" and momentum. Cool, eh?

Great, I gladly take the other side of that trade - buy csco and short crm, open and nflx.

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