Apple's Flash Dump In The Last Second Of Trading Caught On Tape

Tyler Durden's picture


Sure, the retail "investors" are coming back into the "markets"... They are coming back in shifts.  And just so they know what to expect, here is what happened to Apple stock in the last second of regular trading today, courtesy of Nanex. Unlike traditional flash crashes where the trade is an HFT error, or a few shares traded through the entire bid or offer stack, in this case it looks like a very premeditated unloading of some 800K shares (some $350 million worth) of AAPL in the last second, with the full knowledge it was shake the market. Why anyone would want (or wait until the very last second) to do that, while covering the offsetting ES short in the pair trade, to ramp the market into the close, is anyone's guess.

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Fri, 01/25/2013 - 17:34 | 3186597 redpill
redpill's picture

Let me guess the Yahoo Finance headline,

AAPL shares edge down on 'profit taking' from 'investors' 


Another batch of momo hedgies just couldn't stomach another long AAPL weekend...

Fri, 01/25/2013 - 17:43 | 3186639 johngaltfla
johngaltfla's picture




In the end, I just iLaugh.

Fri, 01/25/2013 - 17:49 | 3186651 camaro68ss
camaro68ss's picture

All i can say is W.T.F


It will be raining bankers soon im tellen ya.

Fri, 01/25/2013 - 17:50 | 3186662 fourchan
fourchan's picture

420 next stop for aapl

Fri, 01/25/2013 - 18:05 | 3186701 TruthInSunshine
TruthInSunshine's picture

Those were my 800,000 shares.

I had to unload those to cover my NFLX position and because I lost my good faith deposit to buy Atari prior to its bankruptcy filing.

Sorry, everyone.

Fri, 01/25/2013 - 18:21 | 3186751 duo
duo's picture

Did you blow out your postion in Silver, also?

Fri, 01/25/2013 - 18:38 | 3186766 economics9698
economics9698's picture

Fuck Tyler that is above my pay grade.

Why is the DJIA reaching a peak when AAPL and other big names tanking?  ???????????? 

Fri, 01/25/2013 - 18:51 | 3186785 AlaricBalth
AlaricBalth's picture

Maybe someone said to hell with it on the Bank of Israel's position. I am of the opinion that due to Israel's need to conduct foreign trade transactions in USD, the position was swapped with the Fed anyway.

From ZH: 3/1/2012
"In other words, while the Fed's charter forbids it from buying US equities outright, it certainly can promise that it will bail out such bosom friends as the Bank of Israel, the Swiss National Bank, and soon everyone else, if and when their investment in Apple should sour."

Fri, 01/25/2013 - 19:16 | 3186854 espirit
espirit's picture

Prolly all forgotten this weekend after another (false flag, weather event, ESM fiatsco, yen breakout, etc.).

Choose One.

Fri, 01/25/2013 - 19:19 | 3186867 Pure Evil
Pure Evil's picture

Maybe Hillary will come out and have another tantrum on national TV, always good for a chuckle.

Sat, 01/26/2013 - 00:46 | 3187334 Oh regional Indian
Oh regional Indian's picture

For some reason, most ZH stories now-w-days seem to bring the ironic insights.

Apple falling like a New-Ton of BRICS. Of course Gravity rules.

Now, the fact that it is being used as the anti-gravity to the ES complex is the deeper irony.

Apple will mis-lead the Pear shaped recovery! Hah!


Sat, 01/26/2013 - 07:57 | 3187487 GetZeeGold
GetZeeGold's picture



Every 10 years or so there is a mass culling. It keeps the herd healthy.


Does anyone know what a yuppie is?

Sat, 01/26/2013 - 08:41 | 3187500 Go Tribe
Go Tribe's picture

In markets perhaps, but not in politics. Wonder how our leaders would act differently knowing that every 10 years we would hunt down and kill evildoers as part of a cycilical culling and liberty tree watering?

Sat, 01/26/2013 - 11:08 | 3187610 Vagabond
Vagabond's picture

They'd probably hire a whole bunch of idiots, arm them, and indoctrinate them.  Maybe put a bunch of drones in the sky... disarm the American public... who knows, just speculating.

Sat, 01/26/2013 - 10:26 | 3187564 Gold Dog
Gold Dog's picture

I know what an Ethiopian yuppie is....the one with the Rolex around his waist!

Sat, 01/26/2013 - 11:29 | 3187600 AlaricBalth
AlaricBalth's picture

Ah yes, Yuppies.

That 1980's demographic group who believed that success was their birthright. They bought their BMW's and wore their V-neck sweaters. Their "Sharper Image" catalogue was the preferred choice of reading material. They turned conspicuous consumption into an art form. Gordon Gekko was considered a role model and greed was indeed, good. Their anthems were Money for Nothing (Dire Straits) and Material Girl (Madonna). Hell, even Newsweek Magazine gave them their own year (1984). Yuppies were so busy clamoring to the top of the corporate ladder that they forgot to develop any job or management skills which would lay a foundation for future generations to flourish.

I was one of them.

Sat, 01/26/2013 - 11:33 | 3187645 StychoKiller
StychoKiller's picture

Hmm, are ya in some sort of 12-step program now?

Sat, 01/26/2013 - 11:47 | 3187661 AlaricBalth
AlaricBalth's picture

Yup. My sponsor is Bud Fox.

Fri, 01/25/2013 - 19:55 | 3186932 swmnguy
swmnguy's picture

The Pro Bowl.

Fri, 01/25/2013 - 22:58 | 3187224 jazze
jazze's picture


Fri, 01/25/2013 - 23:24 | 3187242 Flatchestynerdette
Flatchestynerdette's picture

If this is a conspiracy theory then let's just have some fun. Maybe the Israeli Central Bank can go in and get some sense into helicopter Ben's throwing money out of a bag. So maybe some control from sane monetary policies will come along the way if the ICB were playing in the market.


Sat, 01/26/2013 - 00:44 | 3187332 Obama4Ever
Obama4Ever's picture

Perhaps I can shed some light on this. On Timmy's last day he snuck me backstage at the POMO control room and showed me how the thing works. He asked, "What do you want Apple to close at today?" I asked him what it was at, and he said somewhere around $460. So I said, "I don't know, make it drop to $440." So he hits a few keys, then says, "Ok, all I have to do is hit enter now, want me to do it?"

So I laughed, thinking he was joking. But he just kept standing there with his hand over the keyboard. So I said, "You're serious?" and he says, "Of course I am!" so I told him he was full of it. I called his bluff, told him to push the damned thing and I'd be laughing tomorrow when his little joke falls flat.

Well it looks like the joke was on me. Boy is my face red. I didn't know they could actually dial in the price of stocks. I wish Timmy'd showed me that earlier. I imagine I could have made a lot of money. I think they canceled his account though.

Fri, 01/25/2013 - 19:16 | 3186860 CPL
CPL's picture

And that's how they'll take over both nations.  The bailout with strings.

Fri, 01/25/2013 - 21:34 | 3187083 John_Coltrane
John_Coltrane's picture

Yes, as you approach the event horizon of a black hole (i.e. The FED, no information ever escapes), any outside observer will think time is slowing down, while you, the partcipant/sucker, think everything is normal.  And then you cross over and are crushed by the gravitational tidal forces but can't even tell/warn anyone outside the horizon (remember no information ever leaves a black hole or the FED).  Good analogy.

Fri, 01/25/2013 - 18:52 | 3186802 azzhatter
azzhatter's picture

I admit I sold mine today at $438. I held on for a long time hoping the slide would stop. I have a pretty profit even at $438 but what a ride

Fri, 01/25/2013 - 19:18 | 3186851 HoaX
HoaX's picture

You´re lucky you made a profit.

Guy I know already lost 25% of his entire years portfolio profit by December (and yes, he bought the fucking top, and yes, he put in enough money for the loss to be able to buy him a nice villa with a pool by then) and was still hoping for it to recover. I told him it was a bloody bubble with Jobs dead, kids considering Iphones stuff their parents would buy so totally not cool, and no actual innovations from AAPL in the pipeline besides smaller screens. Told him that he would be better off buying Nokia or Samsung instead (this was december) , but he still hoped shares would rebound back to well over 700.

He lost a couple of houses in just a month. I didn´t call him after, no need to rub it in I suppose.

P.s. In a way, I feel sort of sorry for the guy.

Fri, 01/25/2013 - 19:36 | 3186894 Karlus
Karlus's picture

I sometimes weep for the wealthy too.

That said, losing six figures in a day sucks bawls.

Sat, 01/26/2013 - 08:57 | 3187513 GetZeeGold
GetZeeGold's picture



I've got a stop loss in place over the broker informs me I'll be fine.

Fri, 01/25/2013 - 20:23 | 3186988 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

To bloody obvious, look at what happened to the other companies that hit $500 billion market cap, law of large numbers. Bulls and bears do fine but pigs get slaughtered

Fri, 01/25/2013 - 20:24 | 3186991 walküre
walküre's picture

Stockholm Syndrome or something like it. I don't get how guys come back to the table after having been handed a crap sandwich so many times before. I know the type myself. Guy thinks he's smarter than the market. His broker (whatever .. ) telling him to hold on to this darling stock which is going to move to the "big board" soon where investment banks will pile in and all this crap. Tells him that nobody is selling this stock as everyone is waiting for the big pop. Stock has lost 50% of the value from its peak last year and the guy is still believing his broker. There's no cure for stupid.

The fucking market is rigged. Has always been rigged but with such little volume and so many free chips for the banks to screw around 7 ways to Sunday, anyone outside this group of crooks is not making a dime.

Vegas has better odds, cheaper drinks and prettier women.

Sat, 01/26/2013 - 17:43 | 3188135 highandwired
highandwired's picture

"Vegas has better odds, cheaper drinks and prettier women."  Agreed.  Everyone is complaining that the markets are manipulated yet the same fools keep playing in the banker's rigged casino over and over.  This fool deserves to be fleeced. 

Sat, 01/26/2013 - 11:04 | 3187608 centerline
centerline's picture

I know a guy who is less wealthy - but still pretty rich by my standards.  Last year he was talking like an Apple advertising exec.  If Apple sold underwear that would be capable of downloading fart sounds from the "cloud" he would buy them at any price.  Told me Apple stock was the best thing ever.  That he just got in and the stock was going to 1200 easy.

I told him politely that I did not think so.  That there might be a little more upside... they make great products... but in the grand scheme, they are gadgets that are "cool" right now.  Competition is hot on thier trail, forward innovation looks weak, etc.

Oh well.  I can only hope he got out near the top.  But, I doubt it.  He was married to the trade.  

Fri, 01/25/2013 - 20:50 | 3187020 Snoopy the Economist
Snoopy the Economist's picture

AAPL peaked at 705 and you sold at 438? You suck at timing huh?

Fri, 01/25/2013 - 21:28 | 3187078 azzhatter
azzhatter's picture

yep. I never thought the 700 was good but i thought it might kick back to 575 to 600. finally threw in the towel today. my dollar cost average was around 350 including some i bought years ago.

Fri, 01/25/2013 - 23:29 | 3187266 samcontrol
samcontrol's picture

man , who the f told you hguys how to trade??.

I put in an order for 1000 shares @425 will sell@468.

first major brain dead trade of the year...

Sat, 01/26/2013 - 08:45 | 3187504 Go Tribe
Go Tribe's picture

Yep, close that gap and move up. All the for sale signs get replaced by buy now signs at about that level.

Sat, 01/26/2013 - 11:39 | 3187652 Lewshine
Lewshine's picture

The Wall st. insiders, which is everyone there and no one here, uses various equities as cash holders (savings accounts). Think of names like Chipolte, Netflix, Rimm, Amazon, APPL...And the big enchalada Priceline. These stocks and many like them are used by the elite (top 1/10 of 1%) who control 95% of the Fed's free money program, to park cash in "SEEMINGLY" bulletproof" cash machine stocks - Such as mentioned above. However, when enough of the minority has bought in - of course the price has become ridiculous and hyper-inflated, and enough zombie, CNBC watching retailers have followed suit and "chased" in to said names...The collusion begins. The top 1/10 of 1% make a few calls or have a couple of brandy's over lunch to determine the day they all decide to bail. leaving retail for the 1000th time - holding the bag. APPL, like Rimm, like Netflix, like many others is no different. Rimm traded at $450.00 two years ago., Two years before that, at 35.00...Today, 17.00. Appl will collapse in the next 6 months down to around 90.00. And once the stock is completely out of favor - It will again make a march to the heavens.

Nothing is based on fundamentals anymore. Its all based on where the money is PARKED, and how long has retail had a go of it. Enough money from Joe Blow's 401k sets off the trap door...Down goes Frazier! Inversely, Enough sellers, enough allienation, enough deadbodies, comes the ressurection - Rimm at 7.00, now to 17.00...And soon to 170.00. Rince and repeat...Forever!

Fri, 01/25/2013 - 21:49 | 3187104 Squid Vicious
Squid Vicious's picture

still waiting for "IamamanIreallyam" to tell us where he capitulated

Fri, 01/25/2013 - 18:06 | 3186719 icanhasbailout
icanhasbailout's picture

medical 420 next stop for aapl shareholders

Fri, 01/25/2013 - 18:18 | 3186740 Cojones
Cojones's picture

$360, Mark my words. Mark 'em! 

Fri, 01/25/2013 - 18:22 | 3186755 Agent P
Agent P's picture

Mark it zero, Dude.

Your avatar inspired that one.

Fri, 01/25/2013 - 19:48 | 3186922 EINSILVERGUY

Nobody fucks with the Jesus!

Fri, 01/25/2013 - 20:06 | 3186948 stormsailor
stormsailor's picture

shut up donny

Fri, 01/25/2013 - 20:48 | 3187017 Marge N Call
Marge N Call's picture


Although properly, it's "Shut the Fuck Up Donny".

Fri, 01/25/2013 - 21:30 | 3187079 azzhatter
azzhatter's picture

you are out of your element here

Mon, 01/28/2013 - 21:52 | 3193437 Marge N Call
Marge N Call's picture

You're like a child...

Fri, 01/25/2013 - 20:29 | 3187000 MachineMan
MachineMan's picture

Pull the trigger until it goes click click click

Fri, 01/25/2013 - 20:49 | 3187019 Overfed
Overfed's picture

Automatic green for Big Lebowski references.

Sat, 01/26/2013 - 08:30 | 3187494 GetZeeGold
GetZeeGold's picture



Careful man, there's a beverage here.


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