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AAPL is now down over 10% from its all-time high of $705.07 on 9/21... Will iCorrection become iBear market? Or will Gene Munster come out with some more magical, mystical "channel checks?"
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Samsung, bitchezzz!!!
Maybe apple should also copy part of Samsungs logo to try to boost sales? Applesung!
Samsung makes some pretty cool crap.......I should buy some stock in them someday.
I will if my AAPL shorts produce some capital for me.
i buy samsung products but not their stock.
The other Hedge Fund Hotel, PCLN, is eating shit, too.
Which begs the question...
...Why are the Hedgies raising cash?
Interestingly enough, I just sort of realized I spend much of my day looking at two Samsung monitors - maybe it is time to buy some of their stock if I trust my eyeballs to them.
don,t you think there are safer shorts out there?
I have sco and sh with calls on them..
i hate facpple but still....
Trouble is, most zerohedgers are likely bankrupt by now after shorting AAPL since $300. In addition, many ZHers have been demolished this summer after shorting the S&P and buying VIX futures. It is both embarrassing and sad to see Zerohedge readers fantasizing about shorting AAPL for huge profits, when in reality most of them have probably maxed out their credit cards to buy a single put option.
I maxed out my credit card to buy gold,silver,guns, and ammo.Can you guess my next step?
Trying to pay back the principal, plus 17%?
You're supposed to pay back credit cards? I thought it was free money from Ben, kind of like snap.
Yeah, who pays back his debts nowadays? Buy a house you can't afford because the central bank wants a stimulated housing market, then squat it since your bank can't afford to seize it in order to keep the market afloat. Money grows on trees.
so what is your next step doctor?
HAHAHAHAHA!! :) +100
Platinum? I dunno.....seems a tad risky.
Trying to pay back the principal, plus 17%?
17% wow dude.....your credit must suck.
Which platform does ZH use? That on the screenshot, i mean
That's tradestation I believe.
Also, almost converged on everything now. Time will tell if we get any overshoot.
http://blog.quantsig.net/2012/10/09/indices/
Na, that's what the Barclays-Juniper iDebt card is at. Figured maybe he used one of those.
"Trying to pay back the principal, plus 17%?"
Nope, it's a new iAPP called iDefault. Should be great for the iBond market iYields if enough iPeople do the same thing. iBullish!
iBunker?
Declare bankruptcy? Seriously, what was your next step?
Bingo....at least that the path that we should take. Beat the banks with their own "money"
"I maxed out my credit card to buy gold,silver,guns, and ammo."
Did that years ago already but still have a half a dozen credit cards with no balance on them. My credit rating is 803. I will be sure to call every one of the fuckers and ask for a credit line increase just before I intentionally go on a physical PM buying spree and then immediately default. To hell with trying to trade the "markets", this is a sure thing.
I'll say it once and i'll say it again. You are delusional. There are no net shorts. Even the shortest trader i know is still net long in his portfolio. you sound llike an idiot day trader.
and the problem is the i luvers just cant seem to grasp what their silly brain dead i world would be like if the fed wasnt the market the last 4 years. Somehow i think the brain dead i world would have been a little different.
I carry the ObamaCard ®. It has no credit limit; an interest rate targeted between 0.00% and 0.25%; and no minimum monthly payments. I got it free when I signed up for my ObamaPhone ®.
I know that ZHers are not Long FB thats for sure!
Download the full version of iCorrection now for only 25$ and proceed to iCrash!
knife catchers will step in around 620ish. on the next bounce resume shorting. this is heading to 200 dma
My amateur charting shows trend line support at 631 which was demolished by 400K of sales in a minute. Currently 631 is acting as resistance repelling a couple of short term attempts to get back above. The 200 looks like a good target since the next trend line support is way down at 420 (of course many here would go for that level simply because of the number)
'ere.
SPY is now on support
Remember Willard won't get elected if the S&P is near the highs
Puts on apple are way to expensive :)
so I didn't short it
33IV is too expensive?!? For the biggest hedge-fund hotel in history? Oy.
SD, I don't think you trade too many options.
Just waiting around for a bounce to add a few March ATM puts to the Dec 675s.
Even the threat of FoxConn contracting with Brazil to make SamPle knockoffs should be worth 100+ mkt pts to the downside, don't you think?
It's quite a cruel irony that a company named after what hit newton on the head when he "discovered" gravity, is about to find out just what exactly gravity is.
iRony, bItchez!
iSell!
How much does APPL comprise the exchange out there? Weeeeeee!!!!!!!!!
Somewhere (ZH?) I read APPL is nearly 1/5th of the NASDAQ composite index - weighted average and all that.
Can anyone confirm?
Microcrapple
iShit
iDon't know.
That drop in AAPL mkt cap is equal to about the combined values of Cummings Engine, John Deere and Illinois Tool works.
THAT is really interesting! Thanks.
I would far prefer a John Deere 5E with a backhoe attachment:
http://www.deere.com/wps/dcom/en_US/products/equipment/tractors/utility_tractors/5e_series_h/5e_series_h.page
To anything made by APPL.
But that pretty much goes without sayin' with this group.
iPut for the iWin
iTold you. 100 DMA here we come. Longs better hope that holds. Whether this month or next, the 200 DMA will be tested.
Nice head & shoulders
I have been impressed with the resilience of the overall "market" and its ability to resist Apple's rotting core blemishes.
Gas up, stocks down..... hmmm...
BTFD. Rinse, wash, repeat.
Where's that MSFT vs APPL chart?
Don't underestimate the PPT, people. They were out on holiday yesterday. It's still early.
iWouldatleastappreciateareacharound
Steve's Reality Distortion Field is fading fast and iPhone 5 is -alas- just another gadget. There won't be another visionary quite like Jobs for a while.
We need other types of visionary/leaders to get through the shitstorm dead ahead.
The Second American Revolution (AmRev 2.0 - thanks samsara), unfolding now in a neighborhood near you.
ihateyou.
Markets clear... bitchez!
I got iJob'd.
Are we supposed to be "risk off" today? Some direction, please...
can i gets an ap for the icorrection?
While most contrarian pundits were heavily focussed on gold and various commodities at one time, the real bull market of the depression was in manufacturing for wireless. Nobody called it. It just happened.
stockcharts.com AAPL monthly chart
http://scharts.co/WMvI19
stockcharts.com AAPL:$GOLD monthly chart
http://scharts.co/QQQhZc
As mentioned,overextended AAPL weekly & monthly parabolic charts are at EXTREME levels.
This will end in tears and longs will be badly burnt.
http://trader618.com
Two weeks ago the iPhone4s was $99 with a two year contract. Now it is free with a two year contract. That is desperation showing up.
There are still millions of iPhone4s out there in store inventory. When they don't sell Apple will have to take them back. If they don't Sprint and T-Mobile are toast after they eat the cost of the phones they bought. Verizon and AT&T won;t be in very good shape either.
the i traps held to the face, the public walks thru the world not noticing the ruin around them..the net world is the new reality..net noodles anyone?
iMini to the rescue in about a week....
Reggie is *dancing* today!
iPrint