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AAPL Suffers Biggest Market Cap Loss Ever
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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About time. This stock deserves to go down much much more.
http://ericsprott.blogspot.ca/
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.
"true" capitalism catching up on them. BTW, when can we see some $APPL fans rioting, u know, for cinematic effect?
Why? Because every shareholder's kid wants a Samsung for Christmas.
Meanwhile, just for fun, look at this http://www.google.com/finance?q=NYSE%3ANOK&ei=yri_UMCmCILOlAXJrAE
AAPL is a fucking Tulip Mania
whobroughtcrabs2thenazdaaple?
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...
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
MillionDollarBogus snarks the establishment, thusly.
Geewez, FX shifting, war drumming, most spied,...and now this near 7% drop?
What the world needs now, sing along...
http://www.youtube.com/watch?v=PbXsZlPbN90
Absolutely correct; it's simply the mass mind realized.
More like take the capital gain and run before the Grinch nails you next year with the rates.
Comeback Kid from the north?
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:
http://betanews.com/2012/08/10/4g-lte-blackberry-playbook-makes-ios-and-...
OR this:
http://www.youtube.com/watch?v=tzxQ2YUjk50&feature=relmfu
Unless Apple is going to pull a multi-tasking OS out of their ass, watch the fuck out...........
Aaple salad tossed by RIMJobs?
>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
iShort
"SPiPHONE"
BaNaNa DaNcE bItChEz!
Latest from Dr. Paul:
Ron Paul: 'Forget The Cliff, The United States Is Broke'The FRB's swap line with the Bank of Israel collateralized by BofI's AAPL position is looking more and more ominous.
http://www.zerohedge.com/news/2012-11-14/adding-insult-rocket-attacks-ba...
Well then, they'll just stop marking them to market then, no?
Don't forget the liver he stole and wasted.
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.
Allegedly, he didn't jump the line, but rather, was in all of them.
One of the benefits of having a personal jet.
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.
The Chinaman is not the issue here, dude.
I like turtles too.
The rug really tied the room together....did it not
"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!
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.
Fun reading a 1000 words here, but the picture showing AAPL filling the Jan. gap at 425 is worth more:
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=aapl&insttype=Stock&freq=1&show=&x=51&y=12
You CAN eat apples, at least!
Apple Pie at McDonald's is 2 for $1. The American Way can live on!
LOL,
35 Billion!!!!!! Merry Christmas hedge fund investors:) Shit should accelerate as we head toward the "cliff"!
Clown Republicans......you 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!!
Wonder where Crapple would be if Ben wasn't buying it through his proxies?
Stability is key to the Central Bank m.o.
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?
having trouble remembering the name; but was it the same one that says one of its mandates is to create price stability? LOL
I blame washignton - http://hedge.ly/TFvc4F
Talk about bruised fruit.
Margin clarks going to have a ball first cycle tomorrow.
Say hi to your lover boy Mark Carney for me.
Carney Mark and the Mark to Market Bunch-Wildslide. Bonne Chance Lizzie!
Apple = Fashion Company
See LA Gear, circa 1992
G
Stay liquid my friends...
Benetton, Swatch, Zebra Club, 1986
I know.
Pet Rocks, Cabbage Patch Dolls, Leg Warmers (though my Ex. looked so hot in those, what gams!).
Dow tops 13,000.
All that will matter tonight.
shadenfreude
fäkale Apfel-Gulasch
fakale, whats that
undesirable in a stew
I make a pretty good gulash with new mexico chile.
death cross has been breached..stock could see 400 in a few months..then get long..
Could. Then again, there's Kevin Henry...
Thanks for the advice; but I'll watch your portfolio from the sidelines if you don;t mind.
Stay bursty my friends.
How much you want to bet Apple changes their mind and announces a dividend before year-end?
Is Apple a gold miner? The stock sure looks like it.
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.
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?
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.
How many hedge funds still have Cr(a)pple as their "best" idea?
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.
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.
Dont' laugh; the managers get paid for producing this kind of result. Seriously, it couldn't happen to a nicer bunch of retards.
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 !
"The way to a man's heart is through his stomach."
"The way to a man's mind is through a knuckle sandwich !" .... Monedas 1929 Comedy Jihad Hey It's Yen Cross World Tour
"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.
The hedgefund roach motel just got the lights turned on, and I love it!
+10
LOL!
Fine, I buy, what put position do you recommend?
The fetal position.
*cough* Reggie said so *cough*
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
Doesn't it happen through calibrated pair trading long/short?
Upgrade? Never! Still got my 3G and I had to replace a broken screen and LCD yesterday. Thank God for youtube how-to videos!
hey, you gotta have six-sigma days sometime... Amirightorwhat???
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.
The "reason for the rise in the stock" is the $44/share they earned last year.
Oh, not complaining though... that stock alone will be putting my 3 kids through college... sold it off a little before the peak.
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.
I hope they learn something valuable in college like farming and reloading.
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.
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.
hey, it worked in Dallas.
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....
yo yo where my I-crack niggas at ??
Come on .... say it .... "nigger" .... that powerful, little world is in the public domain now .... thanks to people like ME !
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.
Cue Kevin Hendry!
Kept taking out the dip Buyers causing more selling. We will see what it does tomorrow.
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 !
And you can get a man killed in the United States for five Twinkies.
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
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 ?
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...
"--not inconceivable---back down below 400 bucks---with a matter of days--" fixed it for ya. you underestimate the "mass mind".
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.
AAPL follows the NASDAQ100.
http://bullandbearmash.com/saved-bundle-nasdaq100-apple-september/
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?
It's a TOY company. If they're smart they start making smart glasses for soldiers.
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.
Gave you a plus to cancell the minus some retard gave you; because YOU ARE RIGHT; and right does not deserve a minus.
Thanks. Americans traded liberty for HD brainwashing on 200 channels and stupid gadgets. The serfs have no clue.
There is a $9 gap between $530 and $539 that "needs to be filled".
After that, get long and enjoy the ride back up.
aapl meet rimm.
The AAPL just rolled over the RIMM?
NASDAQ100 told the story of Apple back in September.
http://bullandbearmash.com/saved-bundle-nasdaq100-apple-september/
Today's drop could be the start of wave [v] or wave 3 down. Messy messy messy.
Israelis made a good move by buying in at the top
they dont have to worry the US taxpayer has them covered
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.
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.
aapl @ $538 = yawn !!!
I SHORTED APPL @ $700...see below:
http://www.zerohedge.com/contributed/2012-09-24/who-are-you-going-believe-biased-apple-adoring-press-or-your-lyin-eyes#comment-2825743
1) on massive sell-offs (like below $525 = sell deep in the money puts)...low was $505.
2) after massive dead cat bounce...to 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 !!!
This is getting old now. Let's do Facebook again.
i am still hoping it drops back to the $50 i sold 1000 shares at in 2001.....i still cant sleep about that
I sold 5,000 shares at $5 for a grand profit. It would have been like winning the lottery.
Holy CRAPPL.
plus one for LOL.
Ben is fed up because he can't get Minesweeper: Adventure Mode on his ipad
Samsung rules. Ask any checkout operater.
AAPL has become "AAAAAaaaaaapl"
AAPL has become BBB-PL .... it's a bond rating joke ? I'm not a bond trader .... Flukemeister, help me out !
"---help me out"; certainly, which way did you come in? You could just try turning off your computer.
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 ?
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.
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.
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.
iDontcare
iFinished
Can I make a Twin Tower joke, or is it still too soon?
Twinkie Towers joke?
Where is Reggie????????????
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.
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...?
CFPGH Apple Inc. (AAPL) Top Signal Update
http://chartistfriendfrompittsburgh.blogspot.com/2012/12/cfpgh-apple-inc...
The NAS takes a dive on a huge Dow rally. One bad APPLE spoils the bunch.
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.