Apple Enters Gravtitational Singularity As Hedge Fund Hotel Evacuation Begins

Tyler Durden's picture

AAPL had crawled it way into the green in the pre-open, bumping around yesterday's closing VWAP. In the early minutes of the US day session open, we saw very heavy selling volume in AAPL (and surprisingly S&P 500 futures ramped vertically). This smells a lot like someone getting a tap on the shoulder on their 'hedged' Long AAPL, Short ES position. AAPL bounced off yesterday's lows to get back to VWAP and then the real selling began... At $542 now, AAPL is over $160 off the highs and reverting back to the market cap of the entire European banking system. With 230 hedge funds holding this angel of death... small doors and large crowds do not mix... paging Topeka? Widows, orphans, and value investors first...



The Hedge Fund Hotel Evacuation...


and the reversion to Europe's banking sector...


and its not like we haven't seen this before - it is simply investor's anchoring bias is that this kind of move is unthinkable...

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VonManstein's picture

USD and SPX both showing weakness together. Heads up folks get you Phyz ASAP

Manthong's picture

When does the iPhone 6 come out?

poor fella's picture

After the 5s, 5x, and 5-'liger'.

redpill's picture

What happens when an apple is exposed to the vaccum of space?

monkeyboy's picture

Not sure have you asked Siri?

redpill's picture

Siri isn't talking to me after the argument we had last night.  Ever since September 21 or so she's been a real bitch.

Richard Chesler's picture

It's not a loss if you don't sell.

El Viejo's picture

"I slaughtered this mule last Thursday and I think she's startin to turn." Oh Brother Where Art Thou?

But check out the election induced fever below:


monkeyboy's picture

Not soon enough to save the world's economy, bring an end to poverty, stop climate change, over-population, war, unicorns...

Sorry, what do you mean it's just a phone?!?

EnslavethechildrenforBen's picture

The laws of physics are stronger than fantasy, dreaming and wishes

Stock Tips Investment's picture

Apple is a great company whose shares are plummeting. The market is also falling. And it seems to continue down. There may be an appreciation that AAPL has risen too much too quickly and is beginning to correct. This obviously does not help the recovery of the market and less in the case of the Nasdaq. I think the government and the Fed are in trouble. How will they react?

SilverDosed's picture

LOL "Starting to correct"

Where have you been the last few weeks?


Go Tribe's picture

The retail Apple-loving investors are getting crushed.

CharlieSDT's picture

Quick, ObamIphones for everybody!

fuu's picture

We're going to need more roaches.

ZDRuX's picture

Someone turned on the light, and the roaches are scrambling.

SillySalesmanQuestion's picture

Wow...look at them run away! This may be your only chance......stomp em (SQUISH).

Spastica Rex's picture

Don't sell, buy. Selling is what they want you to do. This is the chance of a lifetime to become a billionaire - almost overnight. I mean it.

bania's picture

... assuming you start with a trillion.

dwdollar's picture

No need to do anything. We're all going to be billionaire's soon.

pods's picture

If all the FRNs sloshing around the world come home, kids with lemonade stands will be billionaires.


youngman's picture

How is Samsung doing...

HelluvaEngineer's picture

"Apple’s iPhone 4S (NASDAQ:AAPL) is no longer the world’s best-selling smartphone. For the first time ever, Samsung (PINK:SSNLF) has taken that title with its massively successful Galaxy S III model.

Read more:
youngman's picture

(Reuters) - Samsung Electronics' <005930.KS> Galaxy S3 became the world's best-selling smartphone model last quarter, pushing aside Apple Inc's (NSQ:AAPL) iPhone, which has dominated the chart for more than two years, research firm Strategy Analytics said on Thursday.

Strategy Analytics estimated Samsung sold 18 million S3 models in the third quarter, compared with iPhone 4S sales of 16.2 million.

machineh's picture

Amazing how that Apple-patented breakthrough of a 'rectangle with rounded corners' makes phones just fly off the shelf! /sarc

Apple's desperate, sleazy patent trolling last summer called the top.

Lendo's picture

I love my Samsung GSIII.  Android is so much better an iOBS and the consumer is finding this out.

Shizzmoney's picture

Oh dear God plz crash......

aerojet's picture

Yes--it's time the AAPL fanbois get their comeuppance.  Reality is that Apple produces geegaw toys that don't do anything better than their Android equivalents except marketing and hype.  The smartphone and the tablet are on their way to being a commodity item, in the same fashion that Apple had an early lead in the rich GUI-enabled desktop computer, the competition soon caught up and eclipsed them in price and value, leaving only the diehard fanboy types to carry the flame.  We're just about there again.  And Jobs is still dead.

Shizzmoney's picture

Look on the bright side: Foxconn is working with US Manufacturers to assist them in making US factories more like theirs.

If that's the case, we might finally start to make headway in lowering the 12-14 year old unemployment rate.

NachoLiebor's picture

Not gonna work. They won't be allowed to beat their employees.

slaughterer's picture

Need a close above $556 to confirm some technical support.  Otherwise, $530 easily tomorrow.  

JPM Hater001's picture

I would wet my pants if you could make that last part happen.

slaughterer's picture

JPM Hater001: Wish I could make it happen, but I cannot short anymore given my margin limits.

Dr. Engali's picture

If you liked it at $700.00 you're going to love it at $542.00 Should I put you down for 500 shares or do you want to play with the big dogs and buy 1000?

Everybodys All American's picture

yeah ... put your buy if you like the market still at $530. Good support there. If it breaks that level get out of the way quick.

geoffr's picture

Actually, I would like to buy. Even with slower growth, the fundamentals of this company are much better than this price. I'm in for getting more stock. More gold too.

John Law Lives's picture

Don't bank on "fundamentals" moving the price up or down.  Momo trading by the big boys can crush individual investors.  Tread lightly.

geoffr's picture

That applies to any investment, including gold. What other choice do I have besides investing based on fundamentals? I'm not smart enough or good enough at timing to do momentum trades.