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AAPL Suffers Biggest Market Cap Loss Ever

Tyler Durden's picture


It seems like it was only yesterday when we were praising the miraculous 4 sigma move in AAPL stock, when it soared by nearly $40 in one trading session. It wasn't: it was November 19. Which is why it probably shouldn't be surprising that two short weeks later AAPL stock has just seen its biggest dollar fall in absolute terms in history, down $37 dollars or nearly 7%, its biggest one-day percentage drop since September 2008. Why? Nobody really knows, but when the world's biggest company by market cap trades increasingly like a penny stock, does anyone really care?

In absolute terms, AAPL has lost nearly $35 billion in market cap in several hours today: more than the market cap of BlackRock, Morgan Stanley or Wal-Green, with no real material news except for the occasional weak order hearsay (which one didn't really need considering the US and global consumer is totally tapped out), and various other rumors. One thing is certain: the 240+ hedge funds who owned the stock as of September 30, and which did their best to paint the tape for November, are now at a complete loss what to do to delay what was certainly going to be a redemption avalanche for the second month in a row.

Histogram of $ moves in AAPL stock in the past two years:

From near record upswing, to record downswing: is this what a healthy centrally-planned market looks like?

One thing is certain: these guys don't care. These guys are letting the margin calls go straight to voicemail.


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Wed, 12/05/2012 - 17:02 | 3037071 Silver Bug
Silver Bug's picture

About time. This stock deserves to go down much much more.

Wed, 12/05/2012 - 17:06 | 3037079 Clueless Economist
Clueless Economist's picture

Rot in hell Steve Jobs!

The millions of Chinese lives you have ruined to make your crappy products, put you on a level of evil that rivals Chirman Mao.

Wed, 12/05/2012 - 17:09 | 3037103 rajat_bhatia
rajat_bhatia's picture

"true" capitalism catching up on them. BTW, when can we see some $APPL fans rioting, u know, for cinematic effect?

Wed, 12/05/2012 - 17:14 | 3037121 hedgeless_horseman
hedgeless_horseman's picture



...down $37 dollars or nearly 7%, its biggest one-day percentage drop since September 2008. Why? Nobody really knows...

Why?  Because every shareholder's kid wants a Samsung for Christmas.

Wed, 12/05/2012 - 17:15 | 3037132 rajat_bhatia
Wed, 12/05/2012 - 17:50 | 3037298 Enslavethechild...
EnslavethechildrenforBen's picture

AAPL is a fucking Tulip Mania

Wed, 12/05/2012 - 18:16 | 3037324 TruthInSunshine
TruthInSunshine's picture


Wed, 12/05/2012 - 18:28 | 3037424 MillionDollarBogus_
MillionDollarBogus_'s picture

Bugger all...!!!

I sold all my precious metal and went all in on AAPL when it was closing in on $700...

I need my meds...

Wed, 12/05/2012 - 19:32 | 3037577 Karlus
Karlus's picture

Cant decide between:

A) You never held PM to sell

B) You play a troll character, and like everyone here, would never sell PM

C) what you said is true because you believe your Double Long Gold ETN equals PM

Wed, 12/05/2012 - 19:35 | 3037582 TruthInSunshine
TruthInSunshine's picture

MillionDollarBogus snarks the establishment, thusly.

Thu, 12/06/2012 - 02:03 | 3038380 old naughty
old naughty's picture

Geewez, FX shifting, war drumming, most spied,...and now this near 7% drop?

What the world needs now, sing along...

Wed, 12/05/2012 - 19:36 | 3037591 SAT 800
SAT 800's picture

Absolutely correct; it's simply the mass mind realized.

Wed, 12/05/2012 - 17:20 | 3037166 ShrNfr
ShrNfr's picture

More like take the capital gain and run before the Grinch nails you next year with the rates.

Wed, 12/05/2012 - 17:37 | 3037245 Tursas
Tursas's picture

Comeback Kid from the north?

Wed, 12/05/2012 - 17:44 | 3037281 BurningFuld
BurningFuld's picture

Well Samsung AND.....If you haven't looked at what RIMM is going to put out on Jan 30, 2013 you really should. A freakin' multi-tasking dynamo of an OS. It makes APPL look about as good as an old Speak and Spell:

OR this:

Unless Apple is going to pull a multi-tasking OS out of their ass, watch the fuck out...........


Wed, 12/05/2012 - 18:30 | 3037419 GoinFawr
GoinFawr's picture

Aaple salad tossed by RIMJobs?

Wed, 12/05/2012 - 19:35 | 3037588 Karlus
Karlus's picture

>what RIMM is going to put out

Dude. Brah. 2002 called, they want their blackberry back. Its almost 2013. Next you will be talking up your palm pilot or dope Nokia phone w the blue LEDs

Wed, 12/05/2012 - 18:49 | 3037466 monkeyboy
monkeyboy's picture


Wed, 12/05/2012 - 22:27 | 3037993 lakecity55
lakecity55's picture


Wed, 12/05/2012 - 17:14 | 3037123 The Shootist
The Shootist's picture

BaNaNa DaNcE bItChEz!

Wed, 12/05/2012 - 17:50 | 3037291 Daily Bail
Wed, 12/05/2012 - 17:18 | 3037151 AlaricBalth
AlaricBalth's picture

The FRB's swap line with the Bank of Israel collateralized by BofI's AAPL position is looking more and more ominous.

Wed, 12/05/2012 - 19:10 | 3037521 NotApplicable
NotApplicable's picture

Well then, they'll just stop marking them to market then, no?

Wed, 12/05/2012 - 17:09 | 3037107 Hobbleknee
Hobbleknee's picture

Don't forget the liver he stole and wasted.

Wed, 12/05/2012 - 19:02 | 3037500 SAT 800
SAT 800's picture

I'm waiting patiently for Eric (place holder) Holder to prosecute every surgeon and other person who facilitated his jumping the waiting line for Liver Transplants; due to their being paid off, fraud and bribery. I'm sure this will happen any day now.

Wed, 12/05/2012 - 19:12 | 3037523 NotApplicable
NotApplicable's picture

Allegedly, he didn't jump the line, but rather, was in all of them.

One of the benefits of having a personal jet.

Thu, 12/06/2012 - 18:12 | 3040700 mkkby
mkkby's picture

Indeed Jobs was a scum bag, and may he rot in hell.  But he was the one who kept the bean counters and marketers from destroying innovation, as they have at every other US corp.

I predicted 2 years after his death, aapl would be a mediocre company -- another IBM.  Looks like the slide down has started.

Wed, 12/05/2012 - 17:09 | 3037109 TheLooza
TheLooza's picture

The Chinaman is not the issue here, dude.

Wed, 12/05/2012 - 17:15 | 3037138 Ness.
Ness.'s picture

I like turtles too.

Wed, 12/05/2012 - 19:35 | 3037585 blown income
blown income's picture

The rug really tied the room together....did it not

Wed, 12/05/2012 - 17:50 | 3037305 Crook County
Crook County's picture

"AAPL has lost nearly $35 billion in market cap in several hours today". Time for the Obama-Phone program to transition into the Obama-Iphone program. Fiscal Cliff cant stop us now!!! AAPL needs a BAILOUT... fer da children!

Wed, 12/05/2012 - 19:39 | 3037599 Freddie
Freddie's picture

Apple should make something that people really want and need in the very near future like - .223 and MREs.  

The Golden Horde will be f**ked when their cell service goes off when the SHTF.   

Wed, 12/05/2012 - 22:35 | 3038012 franzpick
franzpick's picture

Fun reading a 1000 words here, but the picture showing AAPL filling the Jan. gap at 425 is worth more:

Wed, 12/05/2012 - 17:02 | 3037072 Overflow-admin
Overflow-admin's picture

You CAN eat apples, at least!

Wed, 12/05/2012 - 17:07 | 3037098 Lost Wages
Lost Wages's picture

Apple Pie at McDonald's is 2 for $1. The American Way can live on!

Wed, 12/05/2012 - 17:53 | 3037312 Renewable Life
Renewable Life's picture


35 Billion!!!!!! Merry Christmas hedge fund investors:) Shit should accelerate as we head toward the "cliff"!

Clown should be calling those idiots bluff and give em the middle finger and say, lets just let the debt ceiling hit your spending addicted asses!!! But instead your being played like a little kid trying to compete at the WSOP in Vegas!! It embarrassing really! They are so outmatched strategically at this point, they should just go home!!

Wed, 12/05/2012 - 17:03 | 3037078 Hedgetard55
Hedgetard55's picture

Wonder where Crapple would be if Ben wasn't buying it through his proxies?

Wed, 12/05/2012 - 17:04 | 3037081 Dr. Richard Head
Dr. Richard Head's picture

Stability is key to the Central Bank m.o.

Wed, 12/05/2012 - 17:22 | 3037173 knukles
knukles's picture

Come to think of it, which Central Bank was it that made a splash several weeks/months ago mentioning that they were starting to buy stocks and one of the first purchases was.... ta dah!... AAPL?

Wed, 12/05/2012 - 19:07 | 3037511 SAT 800
SAT 800's picture

having trouble remembering the name; but was it the same one that says one of its mandates is to create price stability?  LOL

Wed, 12/05/2012 - 17:04 | 3037082 HedgeAccordingly
HedgeAccordingly's picture

I blame washignton -

Wed, 12/05/2012 - 17:05 | 3037084 lizzy36
lizzy36's picture

Talk about bruised fruit.

Margin clarks going to have a ball first cycle tomorrow.

Wed, 12/05/2012 - 17:14 | 3037126 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Say hi to your lover boy Mark Carney for me.

Wed, 12/05/2012 - 18:36 | 3037435 GoinFawr
GoinFawr's picture

Carney Mark and the Mark to Market Bunch-Wildslide. Bonne Chance Lizzie!

Wed, 12/05/2012 - 17:05 | 3037086 GNWT
GNWT's picture

Apple = Fashion Company

See LA Gear, circa 1992




Stay liquid my friends...

Wed, 12/05/2012 - 19:03 | 3037504 Spastica Rex
Spastica Rex's picture

Benetton, Swatch, Zebra Club, 1986

I know.

Wed, 12/05/2012 - 22:33 | 3038008 ebworthen
ebworthen's picture

Pet Rocks, Cabbage Patch Dolls, Leg Warmers (though my Ex. looked so hot in those, what gams!).

Wed, 12/05/2012 - 17:06 | 3037090 Tsar Pointless
Tsar Pointless's picture

Dow tops 13,000.

All that will matter tonight.

Wed, 12/05/2012 - 17:06 | 3037093 dogbreath
dogbreath's picture


Wed, 12/05/2012 - 18:53 | 3037481 GoinFawr
GoinFawr's picture

fäkale Apfel-Gulasch

Thu, 12/06/2012 - 03:57 | 3038509 dogbreath
dogbreath's picture

fakale,  whats that

Thu, 12/06/2012 - 11:17 | 3039234 GoinFawr
GoinFawr's picture

undesirable in a stew

Thu, 12/06/2012 - 12:49 | 3039524 dogbreath
dogbreath's picture

I make a pretty good gulash with new mexico chile.  


Wed, 12/05/2012 - 17:08 | 3037102 mrktwtch2
mrktwtch2's picture

death cross has been breached..stock could see 400 in a few months..then get long..

Wed, 12/05/2012 - 19:15 | 3037528 NotApplicable
NotApplicable's picture

Could. Then again, there's Kevin Henry...

Wed, 12/05/2012 - 19:41 | 3037604 SAT 800
SAT 800's picture

Thanks for the advice; but I'll watch your portfolio from the sidelines if you don;t mind.

Wed, 12/05/2012 - 17:09 | 3037110 IridiumRebel
IridiumRebel's picture

Stay bursty my friends.

Wed, 12/05/2012 - 17:10 | 3037113 Lost Wages
Lost Wages's picture

How much you want to bet Apple changes their mind and announces a dividend before year-end?

Wed, 12/05/2012 - 17:10 | 3037115 Slope of Hope
Slope of Hope's picture

Is Apple a gold miner?  The stock sure looks like it.

Wed, 12/05/2012 - 17:31 | 3037218 Al Huxley
Al Huxley's picture

You'll know it's a gold miner if that histogram stops looking like a roughly normal distribution and the bars to the left start dominating the chart.  Another way to tell is if the stock price goes down every day for 2 years.

Wed, 12/05/2012 - 19:16 | 3037530 SAT 800
SAT 800's picture

Speaking of Gold Mines; for my usefl social purpose today; I'll mention CTO listed on the ASX, that's the Australian all ordinaries; price is down to a nickel; it's an actual producing mine; they ship ingots every month, the Dubai Royal family trust bought about 18% of the available stock a couple of years ago; and they haven't made a foolish move yet. they paid about three times todays price. Essentially you're buying gold for about $350/oz. in the ground. When the gold price exponents up and the mass mind notices this stock; whee!! Look it up under CitiGold on Google; lots of information and pictures. It's a great little mine with no operating problems; it's just the mass mind; temporarily distracted by something. rotten Apples?

Wed, 12/05/2012 - 17:10 | 3037116 kaa1016
kaa1016's picture

All of those people calling for $1000 are shitting their pants because their largest and most profitable position is getting smoked. This stock will be in the low 400's in short order. Liquidations can go on for longer, in terms of price and duration, than most people believe. I was trading calls on the way up, but once we hit $705 the weekend before the iPhone 5 launch, knowing the history of the price action after a launch, down was the path of least resistance, so puts were and still are the way to go. I think there is a 75% chance this stock retests $505 by Friday.

Wed, 12/05/2012 - 17:36 | 3037242 Freddie
Freddie's picture

How many hedge funds still have Cr(a)pple as their "best" idea?

Wed, 12/05/2012 - 18:02 | 3037322 Rainman
Rainman's picture

AAPL was Calpers #1 holding at 9/30 , nearly 5% ....Oh, the humanity. The largest public pension fund in the universe is now well positioned to come in under last year's 1% non-performance.

Wed, 12/05/2012 - 18:15 | 3037381 Freddie
Freddie's picture

Calpers should change it's name to CalTard or CalTurd.

Back in the day when CA was run by Repubs - calpers was the poster child for a well run pension.  Now it is a Dem/libturd slush fund to be looted - often.

Wed, 12/05/2012 - 19:18 | 3037534 SAT 800
SAT 800's picture

Dont' laugh; the managers get paid for producing this kind of result. Seriously, it couldn't happen to a nicer bunch of retards.

Wed, 12/05/2012 - 17:14 | 3037125 Monedas
Monedas's picture

Quick, Libtards, find me the relevant Karl Marx quote on AAPL .... that Human Ouija Board of Socialism must have had something profound to say about AAPL !  

Wed, 12/05/2012 - 17:24 | 3037179 knukles
knukles's picture

"The way to a man's heart is through his stomach."

Wed, 12/05/2012 - 17:30 | 3037217 Monedas
Monedas's picture

"The way to a man's mind is through a knuckle sandwich !" .... Monedas 1929   Comedy Jihad Hey It's Yen Cross World Tour

Wed, 12/05/2012 - 17:39 | 3037257 Freddie
Freddie's picture

"Will we be able to melt down old iPhones down into .223 to send them back at the NATO/NWO overlords at 3240 fps?"

.223 tipped in mercury and all the toxic crap those poor Chinese serfs get coated with making iCrap.


Wed, 12/05/2012 - 17:19 | 3037131 Yen Cross
Yen Cross's picture

 The hedgefund roach motel just got the lights turned on, and I love it!

Wed, 12/05/2012 - 17:40 | 3037261 Freddie
Freddie's picture



Wed, 12/05/2012 - 17:15 | 3037135 elwu
elwu's picture

Fine, I buy, what put position do you recommend?

Wed, 12/05/2012 - 17:51 | 3037306 Pairadimes
Pairadimes's picture

The fetal position.

Wed, 12/05/2012 - 17:15 | 3037136 Raymont
Raymont's picture

*cough* Reggie said so *cough*

Wed, 12/05/2012 - 17:16 | 3037143 max2205
max2205's picture

hell , appl down 7% and all I fucking got was a SPY -0,2% T Shirt.


what a fucking joke


Ben was propping the SPY for sure

Wed, 12/05/2012 - 19:57 | 3037645 Muppet Pimp
Muppet Pimp's picture

Doesn't it happen through calibrated pair trading long/short?

Wed, 12/05/2012 - 17:16 | 3037145 Cursive
Cursive's picture

Upgrade?  Never!  Still got my 3G and I had to replace a broken screen and LCD yesterday.  Thank God for youtube how-to videos!

Wed, 12/05/2012 - 17:16 | 3037147 astoriajoe
astoriajoe's picture

hey, you gotta have six-sigma days sometime... Amirightorwhat???

Wed, 12/05/2012 - 17:19 | 3037156 Zymurguy
Zymurguy's picture

Never understood the reasoning for the rise of the stock in the first place... it was historically ALWAYS a sub-$100 stock.  Those few times it sustained a price over $75 they split it.  I think that's why they've never split it again - Apple knows better.  They've always had tons of cash on hand for R&D, etc.  I highly doubt Apple cares what it's stock price is.

Less than 10 years ago I bought a ton of it for $14/share :)

to see it over $500 is surreal.

Wed, 12/05/2012 - 17:36 | 3037241 Bam_Man
Bam_Man's picture

The "reason for the rise in the stock" is the $44/share they earned last year.

Wed, 12/05/2012 - 18:48 | 3037462 Zymurguy
Zymurguy's picture

Oh, not complaining though... that stock alone will be putting my 3 kids through college... sold it off a little before the peak.

Wed, 12/05/2012 - 19:24 | 3037558 SAT 800
SAT 800's picture

Unless you jam it all in Silver Bullion right now; it'll be buying you one used pick-up truck; not putting anybody through college; it's called inflation; and yes Virginia, it's real and it's accelerating.

Wed, 12/05/2012 - 19:41 | 3037605 Freddie
Freddie's picture

I hope they learn something valuable in college like farming and reloading.

Wed, 12/05/2012 - 19:46 | 3037615 SAT 800
SAT 800's picture

If she doesn't wake up and stop measuring wealth in "dollars" they won't have to worry about going to any college. but yeah; agree with your point.

Wed, 12/05/2012 - 22:05 | 3037932 Freddie
Freddie's picture

Yeah. His kids get a 4 year degree so they can come home and sleep on the couch or the basement. I sympathize but a lot of f**ks voted for this especially young people.  Not like the Rove/Bush/NWO party is much better.

The last real election was probably Reagan and then poppy tried to get Ronnie whacked.  The old movie cowboy was too tough to die. 

Wed, 12/05/2012 - 22:21 | 3037971 lakecity55
lakecity55's picture

hey, it worked in Dallas.

Wed, 12/05/2012 - 17:21 | 3037163 El Tuco
El Tuco's picture

As You know Appl's best days are behind it. Things are changing and this proprietary garbage they sell will lose its luster sooner than later.


Just saying....

Wed, 12/05/2012 - 17:20 | 3037164 scatterbrains
scatterbrains's picture

yo yo where my I-crack niggas at ??

Wed, 12/05/2012 - 17:27 | 3037203 Monedas
Monedas's picture

Come on .... say it .... "nigger" .... that powerful, little world is in the public domain now .... thanks to people like ME !

Wed, 12/05/2012 - 17:21 | 3037168 One eyed man
One eyed man's picture

If someone is worried about cap gains tax rates going up next year, then stocks like AAPL which have appreciated a lot in the past year or so would be the most tempting targets to sell to lock in profits at the lower rates. One more headwind for AAPL.

Wed, 12/05/2012 - 17:21 | 3037172 ZackAttack3
ZackAttack3's picture

Cue Kevin Hendry!

Wed, 12/05/2012 - 17:23 | 3037176 Waterfallsparkles
Waterfallsparkles's picture

Kept taking out the dip Buyers causing more selling.  We will see what it does tomorrow.

Wed, 12/05/2012 - 17:23 | 3037177 Monedas
Monedas's picture

Holy fig flavored apple newton fruit bar extruded cookies !  You can get a man killed in North Korea for as little as five Nabisco Fig Newtons !

Wed, 12/05/2012 - 17:25 | 3037185 edifice
edifice's picture

And you can get a man killed in the United States for five Twinkies.

Wed, 12/05/2012 - 17:29 | 3037194 knukles
knukles's picture

That's more than it costs in Detroit!


Great.  Now we'll have the Economist* magazine Fig Newton International Murder Index Inflation Rate.....



*buncha cocksuckers, and yes, its personal

Wed, 12/05/2012 - 17:35 | 3037235 Monedas
Monedas's picture

You would have to consider the cost of bringing a "man" to Detroit so you could kill him there .... since Detroit has gone all nigger ?

Wed, 12/05/2012 - 17:24 | 3037183 tawse57
tawse57's picture

The interesting thing for AAPL to me is that its 52 WEEK RANGE still has 377 bucks as the bottom - in other words, less than 12 months ago the stock was at 377 bucks... before, allegedly, all the hedgies got involved and pumped that Apple up.

It is not inconceivable that we could see APPL back down below 400 bucks within a matter of weeks.

I suspect once it gets to around 510 again that the bottom feeders will come in and bump it back up... but the trend is your friend... for now...

Wed, 12/05/2012 - 19:28 | 3037567 SAT 800
SAT 800's picture

"--not inconceivable---back down below 400 bucks---with a  matter of days--" fixed it for ya. you underestimate the "mass mind".

Wed, 12/05/2012 - 17:30 | 3037216 tawse57
tawse57's picture

The other thing to watch, as APPL now is such a big component of the market, is whether APPL takes the index down with it.

Wed, 12/05/2012 - 17:38 | 3037254 orangegeek
Wed, 12/05/2012 - 19:31 | 3037571 SAT 800
SAT 800's picture

Thank gawdz for intelligentz peoples like you who tell me these things; I never would have thought of. Golly, how did youz getz such knowing?

Wed, 12/05/2012 - 17:34 | 3037225 dickizinya
dickizinya's picture

It's a TOY company.  If they're smart they start making smart glasses for soldiers.

Wed, 12/05/2012 - 18:18 | 3037278 Freddie
Freddie's picture

Toys for retards who most likely voted twice for the muslim.  idiots with gadgets and who watch TV/Hoillywood crap enable their serfdom.  Stupid f**ks. 

Wed, 12/05/2012 - 19:33 | 3037579 SAT 800
SAT 800's picture

Gave you a plus to cancell the minus some retard gave you; because YOU ARE RIGHT; and right does not deserve a minus.

Wed, 12/05/2012 - 19:45 | 3037611 Freddie
Freddie's picture

Thanks.  Americans traded liberty for HD brainwashing on 200 channels and stupid gadgets.   The serfs have no clue.

Wed, 12/05/2012 - 17:34 | 3037228 Bam_Man
Bam_Man's picture

There is a $9 gap between $530 and $539 that "needs to be filled".

After that, get long and enjoy the ride back up.

Wed, 12/05/2012 - 17:57 | 3037239 Your Creator
Your Creator's picture

aapl meet rimm.

Wed, 12/05/2012 - 19:34 | 3037584 SAT 800
SAT 800's picture

The AAPL just rolled over the RIMM?

Wed, 12/05/2012 - 17:37 | 3037249 orangegeek
orangegeek's picture

NASDAQ100 told the story of Apple back in September.


Today's drop could be the start of wave [v] or wave 3 down.  Messy messy messy.

Wed, 12/05/2012 - 17:40 | 3037264 otto skorzeny
otto skorzeny's picture

Israelis made a good move by buying in at the top

Wed, 12/05/2012 - 17:54 | 3037314 Seasmoke
Seasmoke's picture

they dont have to worry the US taxpayer has them covered

Wed, 12/05/2012 - 17:59 | 3037328 Savyindallas
Savyindallas's picture

Yeah  -we guarantee all their losses. They buy and short AAPL in equal amounts. They keep their gains on the one side, and we cover their losses on the other  - kind of like with their Tribesmen on Wall Street.

Wed, 12/05/2012 - 17:41 | 3037270 docmac324
docmac324's picture

I'll tell you why, their OS is moving away from usability to consumability.  Apple was renoun for remote access and other apps that made Windoze look pathetic.  The newest OS is now moving toward consumerism based (I don't waana think), and bundling software that tracks you and everything you do (Google Chrome likeness), and reduces your ability to not be tracked.  It is total BS.


Wed, 12/05/2012 - 17:49 | 3037296 muppet_master
muppet_master's picture

aapl @ $538 = yawn !!!

I SHORTED APPL @ $700...see below:

1) on massive sell-offs (like below $525 = sell deep in the money puts)...low was $505.

2) after massive dead cat like $580 = buy back those puts for a tidy $$$$$$ profit...high was $586

3) still keeping those $700 aapl shorts...

4) wait for new sell-off, to say $450-$480 = sell deep in the money puts..just like #1...repeat #2 and #3 UNTIL aapl below  $200 = cover shorts for long term capital gains...aapl is the NEW CSCO, circa 2000. even if u only catch 80% of the move with your deep in the money puts = you'll laugh all the way to the bank !!! LOL !!!

Wed, 12/05/2012 - 17:50 | 3037302 Downtoolong
Downtoolong's picture

This is getting old now. Let's do Facebook again.

Wed, 12/05/2012 - 17:52 | 3037309 Seasmoke
Seasmoke's picture

i am still hoping it drops back to the $50 i sold 1000 shares at in 2001.....i still cant sleep about that

Wed, 12/05/2012 - 17:56 | 3037319 Savyindallas
Savyindallas's picture

I sold 5,000 shares at $5 for a grand profit. It would have been like winning the lottery.

Wed, 12/05/2012 - 17:53 | 3037310 Pairadimes
Pairadimes's picture


Wed, 12/05/2012 - 19:55 | 3037634 SAT 800
SAT 800's picture

plus one for LOL.

Wed, 12/05/2012 - 18:15 | 3037380 cspg
cspg's picture

Ben is fed up because he can't get Minesweeper: Adventure Mode  on his ipad

Wed, 12/05/2012 - 18:29 | 3037426 groundedkiwi
groundedkiwi's picture

Samsung rules. Ask any checkout operater.

Wed, 12/05/2012 - 18:37 | 3037442 RacerX
RacerX's picture

AAPL has become "AAAAAaaaaaapl"

Wed, 12/05/2012 - 19:42 | 3037608 Monedas
Monedas's picture

AAPL has become BBB-PL .... it's a bond rating joke ? I'm not a bond trader .... Flukemeister, help me out !

Wed, 12/05/2012 - 19:57 | 3037643 SAT 800
SAT 800's picture

"---help me out"; certainly, which way did you come in? You could just try turning off your computer.

Wed, 12/05/2012 - 19:51 | 3037626 Monedas
Monedas's picture

I work so hard .... scratch that .... I enjoy posting vile, hateful crap just to piss off liberals .... and PC pussies !  AKAK gets offended and indignant because of my poor punctuation .... now that is sick .... and promising ?

Wed, 12/05/2012 - 19:54 | 3037630 Rustysilver
Rustysilver's picture

Apple did in Mcaffe (antivirus software). It appears that taking a phone with iphone stored you GPS location where you took the phone.

This should help Apple stock a little bit.

Wed, 12/05/2012 - 20:02 | 3037654 SAT 800
SAT 800's picture

The daily bar chart showed the exponential curve upward, (the ski ramp), which is the blow off phase of the mass mind bubble chart. They all look the same. Remember, we don;t want to be illiterate, it';s exponential, not parabolic.

Wed, 12/05/2012 - 20:24 | 3037710 chinaboy
chinaboy's picture

is this what a healthy centrally-planned market looks like? 

yes. I guess behaves  exactly like a Soviet / Chinese centrally controlled thing. 

None of them work.

Wed, 12/05/2012 - 21:31 | 3037835 Vendetta
Vendetta's picture



Wed, 12/05/2012 - 21:38 | 3037858 dolph9
dolph9's picture


Wed, 12/05/2012 - 22:17 | 3037960 Aurora Ex Machina
Aurora Ex Machina's picture

Can I make a Twin Tower joke, or is it still too soon?

Thu, 12/06/2012 - 01:29 | 3038309 ebworthen
ebworthen's picture

Twinkie Towers joke?

Wed, 12/05/2012 - 22:24 | 3037985 Arthur
Arthur's picture

Where is Reggie????????????

Wed, 12/05/2012 - 22:36 | 3038020 ebworthen
ebworthen's picture

I hope Steve Job's family sold at $700.

I was yelling to people on Seeking Alpha and Yahoo Finance to sell at $689 and I got flamed.

Thu, 12/06/2012 - 07:26 | 3038182 RECISION
RECISION's picture

Ohh please...

Apple is the only stock of any significance in the whole crap shoot.

And it has been put into play in the casino for the Playerz/Traders.

They have to trade something afterall, or they don't get paid.

Stability is no use to them - they need to induce oscillations and volatility in order to have something to trade.

Without sigma and delta, they got nothing. 

Fundamentals are irrelevant to Traders.  They are interested in the next hour, minute, second.  Not the next quarter, I mean... Jeez Louise.  What do you think HFT means...?


Wed, 12/05/2012 - 23:50 | 3038183 realtick
Thu, 12/06/2012 - 00:50 | 3038268 Lord Of Finance
Lord Of Finance's picture

The NAS takes a dive on a huge Dow rally. One bad APPLE spoils the bunch.



Thu, 12/06/2012 - 02:33 | 3038415 Freddie
Freddie's picture

I wonder if the golden shower state of MexiFornia does their "budgeting" based on Apple's stock price.   They budgeted $1 billion in tax revenues for FraudBook and then it tanked. My guess is the employees will pay tax on their options based on the highest price of FraudBook.

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