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...

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 11/08/2012 - 11:27 | 2960453 VonManstein
VonManstein's picture

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

Thu, 11/08/2012 - 11:30 | 2960466 monkeyboy
monkeyboy's picture

Rotten APPL

Thu, 11/08/2012 - 11:31 | 2960475 Manthong
Manthong's picture

When does the iPhone 6 come out?

Thu, 11/08/2012 - 11:34 | 2960493 poor fella
poor fella's picture

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

Thu, 11/08/2012 - 11:37 | 2960519 redpill
redpill's picture

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

Thu, 11/08/2012 - 11:45 | 2960558 monkeyboy
monkeyboy's picture

Not sure have you asked Siri?

Thu, 11/08/2012 - 11:56 | 2960614 redpill
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.

Thu, 11/08/2012 - 12:01 | 2960644 Richard Chesler
Richard Chesler's picture

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

Thu, 11/08/2012 - 12:22 | 2960726 Upswaller
Upswaller's picture

Anyone seen Robotrader?

Thu, 11/08/2012 - 13:03 | 2960865 El Viejo
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:


Thu, 11/08/2012 - 11:48 | 2960579 dogbreath
dogbreath's picture


Thu, 11/08/2012 - 11:42 | 2960497 monkeyboy
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?!?

Thu, 11/08/2012 - 11:34 | 2960502 Enslavethechild...
EnslavethechildrenforBen's picture

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

Thu, 11/08/2012 - 11:41 | 2960531 JPM Hater001
JPM Hater001's picture

Sometimes they do end badly for our hero.

Thu, 11/08/2012 - 12:15 | 2960691 Stock Tips Inve...
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?

Thu, 11/08/2012 - 12:31 | 2960777 slyhill
slyhill's picture

Ctrl + P?

Thu, 11/08/2012 - 13:43 | 2961111 SilverDosed
SilverDosed's picture

LOL "Starting to correct"

Where have you been the last few weeks?


Thu, 11/08/2012 - 11:31 | 2960480 Go Tribe
Go Tribe's picture

The retail Apple-loving investors are getting crushed.

Thu, 11/08/2012 - 15:49 | 2961692 BeetleBailey
BeetleBailey's picture


Thu, 11/08/2012 - 11:41 | 2960532 CharlieSDT
CharlieSDT's picture

Quick, ObamIphones for everybody!

Thu, 11/08/2012 - 11:28 | 2960454 fuu
fuu's picture

We're going to need more roaches.

Thu, 11/08/2012 - 11:28 | 2960456 ZDRuX
ZDRuX's picture

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

Thu, 11/08/2012 - 12:14 | 2960689 SillySalesmanQu...
SillySalesmanQuestion's picture

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

Thu, 11/08/2012 - 11:28 | 2960460 Spastica Rex
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.

Thu, 11/08/2012 - 11:29 | 2960464 piliage
piliage's picture

MDB, is that you?

Thu, 11/08/2012 - 11:31 | 2960478 Spastica Rex
Spastica Rex's picture

No, I'm sardonicsonofabitch_ (SSOB).

Thu, 11/08/2012 - 12:15 | 2960695 piliage
piliage's picture

So is MDB :-)

Thu, 11/08/2012 - 12:18 | 2960706 Spastica Rex
Spastica Rex's picture

No, he's just boring.

Thu, 11/08/2012 - 11:30 | 2960471 bania
bania's picture

... assuming you start with a trillion.

Thu, 11/08/2012 - 11:33 | 2960486 dwdollar
dwdollar's picture

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

Thu, 11/08/2012 - 12:06 | 2960660 pods
pods's picture

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


Thu, 11/08/2012 - 11:29 | 2960463 youngman
youngman's picture

How is Samsung doing...

Thu, 11/08/2012 - 11:37 | 2960515 HelluvaEngineer
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:
Thu, 11/08/2012 - 11:38 | 2960525 youngman
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.

Thu, 11/08/2012 - 12:02 | 2960647 machineh
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.

Thu, 11/08/2012 - 15:17 | 2961521 Nobody For President
Nobody For President's picture

Absolutely fucking right!

Thu, 11/08/2012 - 12:17 | 2960703 Lendo
Lendo's picture

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

Thu, 11/08/2012 - 12:40 | 2960824 exi1ed0ne
exi1ed0ne's picture

Cyanogenmod FTW!

Thu, 11/08/2012 - 11:30 | 2960469 Shizzmoney
Shizzmoney's picture

Oh dear God plz crash......

Thu, 11/08/2012 - 11:51 | 2960590 aerojet
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.

Thu, 11/08/2012 - 13:13 | 2960972 Shizzmoney
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.

Thu, 11/08/2012 - 21:50 | 2962942 NachoLiebor
NachoLiebor's picture

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

Thu, 11/08/2012 - 11:31 | 2960474 slaughterer
slaughterer's picture

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

Thu, 11/08/2012 - 11:42 | 2960542 JPM Hater001
JPM Hater001's picture

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

Thu, 11/08/2012 - 11:59 | 2960632 slaughterer
slaughterer's picture

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

Thu, 11/08/2012 - 11:32 | 2960479 Dr. Engali
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?

Thu, 11/08/2012 - 11:36 | 2960507 Everybodys All ...
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.

Thu, 11/08/2012 - 11:37 | 2960516 geoffr
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.

Thu, 11/08/2012 - 11:41 | 2960533 John Law Lives
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.

Thu, 11/08/2012 - 12:25 | 2960749 geoffr
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.

Do NOT follow this link or you will be banned from the site!