- advertisements -
Proof right there that you should sell
Every hedge fund that holds AAPL could liquidate their entire holding (if it has not been reduced already) in one day and the stock would only take a 3-4% hit. You have to be naive not to think that the Wall Street chorus will not be singing in unison their reaffirmed AAPL price targets of > $500 tomorrow to protect their top clients.
For those not familiar with the first rule of panicing:
If you must panic, be the first.
I can dig that...
Maybe be 2nd or 3rd is good enough.
As they say second mouse gets the cheese.
I guess that means when I shorted it here on this blog in real time at 403$; that I was stupid. Oh well. it's better than being smart and broke.
Just not paulsons year.
the paulson boys, unrelated, have had one H E DOUBLE HOCKEY STICKS of a Decade tho,
if compared to the rest of all other humans on the planet.
NASDAQ will go first and then the Dow. Hold on.
How many steps did Disney go down after Walt died?
SLEEPING BEAUTY FIFTEEN RULES BRO
BAMBI 6 is just ok
I would think the companies short term strategies are already mapped out and Jobs leaving will only affect the company 3-5 years down the road. If stocks were bought, sold, or valued based on actual business fundamentals this would matter. They aren't, so it probably won't.
Bummer about Steve leaving but with the huge market cap and mutual fund exposure this news in itself could turn into a Black Swan for tomorrow.
Yeah, we're up heavy on the indexes and a disappointment from ben on Friday... Not pretty to be a long in any sense.
That's iSwan mister.
Let me ask, in a friendly way, By What Stretch of the Imagination is this a Black Swan?!?
This was written in letters of flame 50 meters high, for Years now!
Only wishful thinking ignores facts like that.
I think this could be net good for Apple . . . but not good enough, I am holding short.
10-4 good buddy. The fat lady didn't sign yet for the old rotten Apple.
I can hear the algo guys reprogramming even now. Trouble is, that has been there go to stock for YEARS.
God I hate fund managers. especially, smug, stupid, sheep in a crowd, stock fund managers. Don't you love it; all "know" the same thing at the same time; and it's sometimes alright for awhile; but timing? what's timing: they have no idea.
Appropos of nothing, do algos run on OSX?
Bullish, cause The Bernank will now even more likely announce QE3 friday.
Heh. I know plenty of people who hold AAPL, but I wouldn't call any of them 'Smart money'.
Reggie, Reggie, Reggie, you're sooo fortunate.
Betting on human frailty is not luck, it is realism.
There will be a huge amount of damage control and spin but if sino forest or b of a are examples of what happens when hedge funds want out, this could be ugly. Next few quarters will be set already but future products likely to suck as they attempt to create what they think jobs would have created. That sort of mind set is always a disaster
1000 feet underground, in the iBunker, for which you need an iKeycard to enter into the iBall biorecognition iScanner, the iR&D team is hard at iWork developing the iLiver. A revolutionary iProduct with an automated iMonitor and iReprogramming (by iRemote of course).
(actually I could use one of those, many more days like today should kill mine off. Your liver is your enemy. Abuse it daily.)
I agree wholeheartedly. I work at a company like this. Once the top guy goes it is all over. Nobody will ever have that type of control again. NEVER.
Not necessarily a bad thing . . .
Not if you went short; it isn't.
look what msft and ge have done after their front men have left the helm
the easy meat is off the bone for jobs. it's always good to leave at the top
look at the P/Es of those companies at the time those CEOs left and compare that to AAPL's P/E right now.
Bernank needs to keep some ammo in his QE weaponry. If he goes out this week and announces QE3 I think it is not going to have the effect he would like it to have on the markets. Treasuries appear to have a bid with rates this low and so as long as they have a bid I don't think he is all that compelled to move on QE. There will be a time to use further QE in the future but not at this time in my opinion. He will mention the possibility but I think there will be no actionable purchasing announced.
BTW the trade on Gold today signals this don't ya think.
Ohhhhh noooooeeeeeesssss! What will the REAL Harry Wanger do now? Dare show yourself dipshit.
I saw "smart money" and than "Apple"
Go long this name?
Its going to be interesting to see who sold their istock iMonday-iWednesday before the iannouncement ;-)
i was too iAfraid because of so iMuch that iRests on one iGuy. i always figured iSteve would be iSafe as long as i didn't iBuy the iStock of iApple.
I like the guy, as a person and his isuccess speaks for itself...but I have never done icult thngy's very well...lol.
And we have to remember, very few we cross ipaths with will be altruistic...I want to see the ihedgies isell dates when they come out.
iThinkso. Have to be iCyninc to get throught this iBullshit. Keeps me iLaughing when iHave to meet a fucking margin call. iKnow, iKonw, never answer a margin call, however, iLike gold here. Dammit.
Many of us have played the igame before. And many of us have decided its not worth the ihassle. The ihouse always gets to see your card in the ihole & the ibots will run you over even when you stand on the ifundamentals...because ifundamentals don't imatter anymore...lol.
I think I read somewhere that Apple was like 10-15% of volume on the Naz...thats not an ihealthy "market" IMHO.
Now, if I keep on doing the "i" thngy 'm gong to lose my fukng mnd for sure and start droppng all the 's out of everthng wrte ;-)
Yeah....'ts too smple s'nt t. Sht now 'm dong t.
They'll be pumping this stock on all stations/channels/networks/ham's/shortware and even the emergancy broadcast network until such time as it closes higher. I'm wondering if the time to shot it will be on the next nominal high after the initail flush.
Correct. At some point tomorrow, there will be an inexplicable rise in the shares...where the Street will magically exit, confounding most. However, the open will likely do considerable index damage as folks sell everything...and reprogram.
I would not short it in the hole.
"The emergency broadcast network" LOL. that's a good one. The time to short it was a couple of weeks ago; it gets more dangerous all the time now, although I still think it's a rotten apple; the reflex rally is flexing its muscle.
i see BAC not that far behind. with that much invested in them, you would think cnbc would find many eager lemmings to talk their book on them.
Lucky for BofA that they have a CEO that could fall off the face of the fucking earth and teh stock would probably go up. Moynihan is more like a handjob than Steve Jobs.
Well, don't be so polite, go ahead and tell us how you feel about him ! Handjob Moynihan; it does have kind of nice ring to it.
this is an easy one.
Steve Jobs is Apple. He rejoined the company at just the right time, the stars aligned and Apple gained over 1000% since they began introducing the iPod/iPhone/iPad line. Without Jobs, I think the company gets run into the ground long term. The short term reaction will be brutal, but it'll even out eventually. And Apple is such a behemoth that it can weather pretty much any storm. The question is will they continue with a successful product line and then be able to market that product line as time goes on. Definitely a sad day to see Jobs stepping down.
well, he is staying on as chairman of the board, but this certainly doesn't bode well for his health. i hope he's OK and, if anything, this means he can focus more on recovering and less on acting as CEO. yeah sure the stock will taking a beating and more rumors and concerns about steve jobs' health will surface, but Apple will carry on as the behemoth that it truly is. at these valuations AAPL is so incredibly cheap that any dip is truly a buying opportunity. i think we will see new all time highs going forward.
Sad to say but the death of Jobs would take the biggest uncertainty about AAPL out of the equation. Now that this is out of the way you don't have to worry about the big, "Steve is out" drop that everybody knew was coming.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.