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Apple Enters Gravtitational Singularity As Hedge Fund Hotel Evacuation Begins
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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USD and SPX both showing weakness together. Heads up folks get you Phyz ASAP
Rotten APPL
When does the iPhone 6 come out?
After the 5s, 5x, and 5-'liger'.
What happens when an apple is exposed to the vaccum of space?
Not sure have you asked Siri?
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.
It's not a loss if you don't sell.
Anyone seen Robotrader?
"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:
http://quote.morningstar.com/stock/s.aspx?t=RGR
shadenfreude
Not soon enough to save the world's economy, bring an end to poverty, stop climate change, over-population, war, unicorns...
The laws of physics are stronger than fantasy, dreaming and wishes
http://youtu.be/NINi1WV7JP4
Sometimes they do end badly for our hero.
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?
Ctrl + P?
LOL "Starting to correct"
Where have you been the last few weeks?
The retail Apple-loving investors are getting crushed.
Crapple
Quick, ObamIphones for everybody!
We're going to need more roaches.
Someone turned on the light, and the roaches are scrambling.
Wow...look at them run away! This may be your only chance......stomp em (SQUISH).
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.
MDB, is that you?
No, I'm sardonicsonofabitch_ (SSOB).
So is MDB :-)
No, he's just boring.
... assuming you start with a trillion.
No need to do anything. We're all going to be billionaire's soon.
If all the FRNs sloshing around the world come home, kids with lemonade stands will be billionaires.
pods
How is Samsung doing...
"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: http://www.minyanville.com/sectors/technology/articles/Samsung-Galaxy-SIII-Apple-iPhone-4S/11/8/2012/id/45679#ixzz2Be6SC7eB(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.
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.
Absolutely fucking right!
I love my Samsung GSIII. Android is so much better an iOBS and the consumer is finding this out.
Cyanogenmod FTW!
Oh dear God plz crash......
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.
Look on the bright side: Foxconn is working with US Manufacturers to assist them in making US factories more like theirs.
http://t.co/aZDWz8vz
If that's the case, we might finally start to make headway in lowering the 12-14 year old unemployment rate.
Not gonna work. They won't be allowed to beat their employees.
Need a close above $556 to confirm some technical support. Otherwise, $530 easily tomorrow.
I would wet my pants if you could make that last part happen.
JPM Hater001: Wish I could make it happen, but I cannot short anymore given my margin limits.
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?
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.
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.
Don't bank on "fundamentals" moving the price up or down. Momo trading by the big boys can crush individual investors. Tread lightly.
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.
Physical gold and silver (for example) have tangible value. A sheet of paper can simply be duplicated to beget more sheets of paper with the effect of diluting the "value" of the original sheet of paper. That applies to fiat currency and stock certificates.
Dr. --
Let me call the loan officer at my credit union and see how much I can put together.
-- Baldrick
Right, it's a great time to lever up.
Get some student loans..that is easy..throw in a car loan too...
Bingo Engali,
I can tell you've been reading up on Suzie Orman, yes, as long as everyone dollar cost averages their appl'z they'll be fine. Everyone just needs to keep buying to lower their average.
Eheyyyyyyyyyy,
going down:
FELIX.BAUM.BAUM, Style!
As Cog D posted in earlier thread, 230 stood the line, and then were gone.
Unavoidable Hyper-Deflation
"Poof" - fiat money disappears when it is no longer voluntarily borrowed into existence.
Actions have consequences, and re-electing the Fast & Furious Administration full of incompetents just becaue they give out Free Shit (TM) like Santa is going to hurt bad.
Bloomie financial news says this is all due to 'angry white men'....unfuckinreal.
Hey, it costs money to keep your white women hidden for four years.
http://www.youtube.com/watch?v=jGQ-ISsDm8M
It is a trading at less than 10x forward earnings for 2013. (Tyler will mock me for that in 3,2,1... I know).
.
What is especially telling is this happening around the ex-div date.
Are people just now realizing that the Copernicus of Cupertino Steve Jobs has passed on?
The first indicator is the mini-iPad; going against the wishes of Jobs, priced too high to woo Kindle buyers, too low to continue the profit miracle.
Apple also losing market share in the mobile market to Android phones.
Is AAPL stock worth something? Sure, ~$157 a share.
I liked my iPhone it was cool, my new Android beats the shit out of it though no question about it.
Samsung has already sold 30m GalaxyS llls. S/D-O
Where are the CNBS circus clowns, doing the BTFD in AAPL infomercial. Looks like Cramer bolted out of there to sell off 50% of his charitable trust that probably consists of AAPL.
They are waiting for fast money to bring out a bunch of these guys who hold massive shares. They will be impartial I promise.
http://www.youtube.com/watch?v=j9EOjizFxFA
Hows ya doing with that Noreaster Fonz. Is everything still shitsville?
Good man thanks. I got lucky. It's all screwed up around here. I got away a lot better than most.
The 5 year trend is at about 450.
Agree; I've been telling fanboys it'll drop to low $400's for weeks, now, on different boards. They're still hanging on, to the bitter end.
Where my I-crack nig.... oh never mind I see them.. all stuck in the exits.. ewww but lets hope bernank can manipulate the vix lower so we don't face a margin avalanche.
I just hope this means they do not talk about it 24/7 on Bloomberg and CNBC.....
This is all because of weak-hand Rochedale...
Wow, down from -1.69% to -2.00% in just the past five minutes.
Look out below!
Meanwhile, GOOG is about $6 away from going negative for the year.
Reggie's been sitting at the station waiting for the GOOfy Express to take off for 2 years and the train's now engaged reverse???
you don't wanna be the train cleaning crew after he's had an epileptic fit in there!!!
Reggie's smiling somewhere.
only if he's ignoring GOOG share price.
if the Apple juggernaut laps him a second time on the next up-draft i fear for Reggie's sanity
..he's already wearing a Ronald McDonald outfit and bleeding from the nose throwing boomerangs that keep coming back to knock him off his one-legged wheezing nag GOOfy high horse
hope there's a Doctor .......padded wagon .........padded cell ....handy!
RUN TO THE HILLS......RUN FOR YOUR LIFE!
IM
let's put some music to that..
https://www.youtube.com/watch?v=eDd-GXkMrJs
Everyone thought Apple was the centre of the Galaxy and it was.
Pity the concentrated only on the super novo's and not on the many black holes that are also there.
I think I'll go antagonize the fanboys on the yahoo board.
Please let us know how many times they tell you the sell off is okay because they are a "long term investor"...
Just got an email from Apple. New Mac Book! All is well. /sarc
I don't ever remember getting an email from them before...
I just read on the San Francisco Chronicle that probably one of the reasons that Apple's stock is going down is because the demand for their products is too high. I'm sure glad I read that, because from the standpoint of an idiot like myself, it seems counter intuitive.
http://www.sfgate.com/technology/businessinsider/article/Why-Apple-s-Stock-Is-Getting-Demolished-Lately-4019856.php
That's probably why Ruger is getting slammed also. Oh, wait...
Well, that's "too high" relative to the number of non-suicidal FoxConn workers needed to produce them.
Honestly, they should just turn the empty Apple stores into "Custom iAssembly Outlets" and let the fanbois build their own. Promote it enough and hey, they may be willing to pay more for the experience!
Dick Bove and Rochdale was the first "roach" exterminated. Enjoy your stay at the motel.
Harbinger of death. Canary in the coal mine. Fat lady.
My gut tells me the whole fucking thing is about to go code FUBAR.
To quote a famous asshole, "Bring it on!"
I'm wondering how many of Bernanks bathhouse buddies have been hyper leveraging via writing put options (which has worked since 666) so long as Bernank promises to back stop them via nyfed /es buying... and what happens if VIX doubles, which cyclically you might expect from now into the next few weeks ?
Gotta believe this will happen to AMZN in the near future and cut that 300 p/e stock in half.
where IS robotrader anyway??
He got thrown out on to the front porch.
Sandy
Bank of england announcing that it is suspending its QE efforts because of questions relating to its "potency" How dare they allow themselves to run out of Koolaid, The "game" only works when everybody plays.
my 260 emails calling them "economically retarded" finally got through to Board level then
well done Mervyn, only good call in 20 years but at least you made ONE
The steepness of the drop and it's lofty height should tell you.. it's gonna be nasty. With the Dow-doggie at multi yr highs as well. Went short again next support is a long way...2544 on the Nas-doggie.!
Sad and predictable end of 'the toy story' of our time..
the Apple and Euro Banks chart just shows the markets can remain insane longer than sane people can stand the insanity
Apple massively profitable, professionally managed par excellence, productive, cash mountain, rising brand value and loved by their customers
Eurobanks massive losses, unproductive and totally inept executives, debt mountains, collapsing brands and depositors stampeding for the Exits
still it's all about timing ...BTFD, sell the hopeless Euro dipshits on the delusional high
Just back to the laws of physics. Apples do fall!
The opposite of a parabola is a hyperbola; and that's not hyperbole.
I think you're exaggerating.
It's a bubble........ Until it's not!!!
It's the great levarege unwind, "Bove and co." was levareged 100x1 i believe. this could get ugly.
The Margin clerks are busy..no2 pencils are sharpened.
This drop is so sharp that it looks like the sellers KNOW something. Could it be that Apple has lost its chance for a China Mobile contract, and word has leaked out?
Look ma! It's Helicopter Ben to the rescue. He is here to save the day! Wait, those are'nt FRN"s coming out... they're shit sandwiches....
"Sell it. Sell it all."
.
I thought this would happen, but I figured it would be after next quarter due to strong seasonal earnings. With the mini and iphone getting meh reviews I guess it makes sense to get a head start.
As mentioned, APPLE parabolic weekly & monthly charts are at EXTREME levels.
Unfortunately longs will be badly burnt.
http://trader618.com
http://www.zerohedge.com/news/2012-12-24/market-analysis
Paging Topeka?
I'm here in Topeka. It's turning out to be not such a bad place. The conservative Repubs are close to a super-majority, are hell-bent on cutting taxes, and they can't start any wars:
http://cjonline.com/news/2012-11-07/conservative-supermajority-plans-kan...
Quick, Apple needs Captain Whitaker. "Move aside, Mr. Cook, let me handle her..."
http://www.youtube.com/watch?v=xnVNNR6CEOE
AAPL monthly MACD looks ready to print some nasty sell signal ^^
who would have thought the HFs choose between Apple and .....Euro banks....wow!
first the mini iPad and now this? Steve must be turning in his grave. </sarc>
The P/E is still on the low side for such a huge company.
Why are more people worried about Apple than for example Amazon?