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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 - 18:31 | 3186771 negative rates
negative rates's picture

This was only a test, the real countdown clock (as the theory goes) to the last second, took on a different form. After the minutes were finished, as the seconds counted down, each second became longer than the one prior to it, until the very last second,....which took forever. We are still waiting for that second, so i imagine this one was moot and therefore simply just a test. 

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.


Fri, 01/25/2013 - 20:09 | 3186956 johngaltfla
johngaltfla's picture

i$369. It's iNEVITABLE.



Fri, 01/25/2013 - 21:40 | 3187091 Muppet Pimp
Muppet Pimp's picture

369.95 or 369.99 is the real question

Fri, 01/25/2013 - 17:53 | 3186672 e_goldstein
e_goldstein's picture

Only if they unlock the windows on wall st.

Fri, 01/25/2013 - 18:11 | 3186726 HowardBeale
HowardBeale's picture

"Only if they unlock the windows on wall st."

Unnecessary. I'm pretty damned sure I can throw a bankster through a closed window. And if I can't, he'll throw himself through it when "he sees what I brung him..."

Fri, 01/25/2013 - 18:03 | 3186712 kliguy38
kliguy38's picture

heheheh.......well it won't get the Big sharks in the water because they are the ones shorting it to hell now....nothing like a good Cannibal buffet in the BEAR of all bear markets.....this is only the appetizer......the main course is being served later this year and into 2015.........bones and hair included

Fri, 01/25/2013 - 18:04 | 3186714 James_Cole
James_Cole's picture

"It will be raining bankers soon im tellen ya."

Because they were totally not heavily writing calls at the 550 - 600 (and earlier up to & well beyond 700) levels for the past few months. 

Probably making more money shorting this thing than ramping it up to 700. 

On the flipside everyone here is probably really excited that with aapl crashing silver is finally able to spread its wings and soar....oh wait. Reality is a bitch!

Fri, 01/25/2013 - 20:09 | 3186962 johngaltfla
johngaltfla's picture

Nah. They just socialize their losses and iF*ck the taxpayers. We're the bagholders, not the banksters.

Fri, 01/25/2013 - 22:15 | 3187149 firestarter_916
firestarter_916's picture

Apple crapped the bed earlier in the week. Now it appears to be a case of anal leakage.  Im going long Kimberly Clark in Yen terms.

Fri, 01/25/2013 - 17:53 | 3186667 Divided States ...
Divided States of America's picture

Yes, first they sold short Volatility (VIX) to drive this market but the last few days the VIX has stabilized even as the markets go up 50 pts per day....why? well they stopped selling volatility and turned their attention to AAPL, the stock that most sheeps own and awaiting they are selling AAPL to continue this stock market rally. Its obvious when AAPL shares tanked from 444 to 435 in the last minute while the Dow popped 30pts in one big uptick.

After AAPL gets taken down, maybe to the the 380 to 400 range, I would think any high flying name may be a target eventually to fund this rally further.

PCLN, GOOG, AMZN watchout.

Fri, 01/25/2013 - 18:00 | 3186688 camaro68ss
camaro68ss's picture


This is some bull****

All those liitle 5-6 year old kids wishing to be firefighters and policemen when they grow up, what a bunch of suckers. If i could do it all over again, i would wish to be a banker so i can fleece those firefighters and policeman retirement funds, Buy a fat mansion and have all the top of the line hookers and coke i want.

Fri, 01/25/2013 - 18:04 | 3186708 otto skorzeny
otto skorzeny's picture

when the SHTF the bankers will be dead and the cops will be the last ones gettin' paid. OT-I got some ammo from the little brown truck today and the driver said that is all he delivers any more

Fri, 01/25/2013 - 18:12 | 3186727 James_Cole
James_Cole's picture

"when the SHTF the bankers will be dead and the cops will be the last ones gettin' paid."

If the last few hundred years of history is to be believed bankers have done pretty well regardless of the economic envrionment and cops have tended to work for whoever has the money. 

Sat, 01/26/2013 - 01:26 | 3187374 Totentänzerlied
Totentänzerlied's picture


Fri, 01/25/2013 - 18:27 | 3186761 Agent P
Agent P's picture

Where did the little brown truck get it from?  I can't seem to get the little brown truck to bring me anything I want anymore.

Fri, 01/25/2013 - 19:35 | 3186892 Papasmurf
Papasmurf's picture

Between ammo and gold deliveries, the UPS man has popeye arms now.

Fri, 01/25/2013 - 21:23 | 3187069 icanhasbailout
icanhasbailout's picture

If it's coke and hookers you want, there's always the Secret Service. Might get yourself in a little pedophilia too.

Fri, 01/25/2013 - 21:56 | 3187120 oddjob
oddjob's picture

Fleecers will get fleeced, this is proper.

Fri, 01/25/2013 - 18:10 | 3186724 fonzannoon
fonzannoon's picture

so does that mean they can dump this market all the way up? at what point do sell orders result in a lower market?

Fri, 01/25/2013 - 18:20 | 3186748 Divided States ...
Divided States of America's picture

Yeah so dont short the indices because they are going up more, short individual stocks that dont make up a big chunk of any indices. AAPL is an exception because the retail sheeps are fully into it and needs to be raped for the greedy bankers to win.

They are basically doing the same game as a pump and dump in penny stocks...if you need to move something, you have to buy at ton to attract the attention of the algos once you make the big % mover, then the algos start piling on...and then lastly the retail foos...NFLX's rise is to sucker the retail in...and trust me in due time, they gonna sell this thing down again and use the proceeds to plow into the ES or DIAs....further the move up. I like how they grease the close every friggin day with last minute shenanigans like this....and the SEC dont do jack except let all the retail investors get gangbanged daily and impeach truthseekers like Egan Jones.

Fri, 01/25/2013 - 18:24 | 3186756 fonzannoon
fonzannoon's picture

divided states awesome perspective on this. you have articulated what i have been watching without connecting the dots. the only question i have is, how long can they do this? 

Fri, 01/25/2013 - 18:59 | 3186816 Pure Evil
Pure Evil's picture

Honestly, witht the FED doing approximately 85 Billion a month in POMO, do you really think they're using the proceeds from a sell off in AAPL to juice the market?

I would tend to believe Wall Street is just shearing the sheep.

Sat, 01/26/2013 - 01:33 | 3187379 MiltonFriedmans...
MiltonFriedmansNightmare's picture

What was the half-life on that 85billion/month again? Time is running out and I would'nt doubt that they need additional funding and gimmicks to sustain the averages, at least until BB revs up the printer once again.

Fri, 01/25/2013 - 20:05 | 3186946 JuicyGrabs
JuicyGrabs's picture

Actually I just spoke with a friend from Sweden the other day and NFLX is pretty big there. He even got a subscription himself and he's into downloading pirate shit. He said was very convenient to go for NFLX. Point is they are growing.

Indices are tougher because lots of funds own and buy indices. No news here.


You'd lose your ass off shorting individual stocks who are not part of indices but are paradigm shift stocks like 3d printing stocks for example.


In regards to Apple, manipulating Apple stock is popular sport on Wall Street. Leaving paranoia aside however, Apple is getting fucked by Samsung due to same retarded Apple strategy that made Microsoft steal the personal computer away from them in the past. They are too stubborn to move into the low-mid end consumer market and that's killing marketshare, allowing the likes of Samsung and Nokia to step in the take the pie.

Sat, 01/26/2013 - 01:23 | 3187373 FrankDrakman
FrankDrakman's picture

Apple is getting fucked by Samsung due to same retarded Apple strategy that made Microsoft steal the personal computer away from them in the past.

Sorry, pal, you haven't a clue. First off, MS never sold hardware, so how exactly did they "steal the personal computer" market? Second, MS's dominance was due to three little letters: IBM. You young'uns haven't a fucking clue about Big Blue's market power in the early 80's. When IBM told corporate IT managers that attaching 'foreign' equipment, like an Apple, to their SNA networks would jeopardize their entire infrastructure (which was bullshit, but would you risk your career to find out?), those managers turned around and bought IBM PC's (with MS-DOS) by the hundreds of thousands. MS just rode on Big Blue's coat-tails and laughed all the way to the bank.

MS isn't completely hapless; Office is a great product, and Win7 is a decent OS for the average user. But to suggest that they won OS market share due to superior strategy is BS. Gates offered MS-DOS to IBM for $10 million in the early 80's, and they turned him down.  If they'd taken him up on the offer, chances are you never would have heard of the little geek ever again.

Sat, 01/26/2013 - 11:57 | 3187677 hooligan2009
hooligan2009's picture

microsoft won the internet when they froze netscape (now mozilla firefox) out of the market. don't forget the WIntel alliance also. IBM could give two shits about hardware now.

come to think of it...notepads on clouds ... = angels...and predator drones = devils?

Fri, 01/25/2013 - 19:32 | 3186888 Bunga Bunga
Bunga Bunga's picture

Apple got sacrificed to pretend it's a market and sheeple don't smell the rat.

Fri, 01/25/2013 - 21:10 | 3187051 grid-b-gone
grid-b-gone's picture

After this period of rotation, it'll be easy to spike AAPL to drive the S&P to a new post-2007 high above 1,560, courtesy of AAPL shorts - and all on weaker fundamentals.

Fri, 01/25/2013 - 19:45 | 3186914 hooligan2009
hooligan2009's picture

no no no! vix only goes up when markets fall..its a bug in the formula for calculating vol..historic vol diminishes when markets are goosed upwards on a daily basis and implied vol is anchored on historic vol, post supply/demand

vol goes up twice as fast n down markets as it does in up markets, something along the lines of reversing the signs in the proabiliity formulae, 1+ (-50%) times 1 + (+100%) = 1 + (zero).

Fri, 01/25/2013 - 18:33 | 3186775 Banksters
Banksters's picture

Profit taking?



I'm sure the hedgies are having a fine time of it.  EVERYONE TO THIS SIDE OF THE BOAT, NOW!

Fri, 01/25/2013 - 19:01 | 3186825 CheapBastard
CheapBastard's picture

I thought you're supposed to sell into the rally?


Oh wait, there is no rally. Sorry

Fri, 01/25/2013 - 20:29 | 3187001 Piranhanoia
Piranhanoia's picture

It was.......   wait for it.........


Sat, 01/26/2013 - 03:03 | 3187418 clara-to-market
clara-to-market's picture

I used to be a retail investor.

But now I'm too chicken-shit.

The whole thing is rigged.

You'd be better off going to Vegas and betting red.

Fri, 01/25/2013 - 17:32 | 3186598 HedgeAccordingly
HedgeAccordingly's picture

The CME does not give a fuc* about you Me or anyone but those who operate HFT and can slam the volumes around.. its about VOLUME and FEE's .. 


APPLE is a joke.. they 440 put holders.. hmm who probably bought those up before they dumped a 2 100k share tickets onto the bid in the last 2 sec of the session? 

Fri, 01/25/2013 - 17:35 | 3186600 francis_sawyer
francis_sawyer's picture

 "Why anyone would want (or wait until the very last second) to do that, while covering the offsetting ES shorts in the pair trade, to ramp the market into the close, is anyone's guess."


Well ~ I have MY theory anyway (& I'm sticking to it until kito & Crockett prove me wrong)...

Fri, 01/25/2013 - 17:36 | 3186612 max2205
max2205's picture

that trade was from a dark pool and was most likly executed much earlier but hit the tape at the right time to make those puts expolde max value and crush the calls....this shit is so illegal....nobody cares...its the wild west like 1982

Fri, 01/25/2013 - 17:42 | 3186630 alien-IQ
alien-IQ's picture

Don't forget; it's only "illegal" if your net worth is less than 10 digits exclusive of the decimal point.

Fri, 01/25/2013 - 17:46 | 3186650 HedgeAccordingly
HedgeAccordingly's picture

100% correct.

Fri, 01/25/2013 - 18:25 | 3186758 Dr. Engali
Dr. Engali's picture

I've been a victim of that trade more than once. It was a painful lesson.

Fri, 01/25/2013 - 19:37 | 3186899 hooligan2009
hooligan2009's picture

ack sorry..i down arrowed you...fat finger, my bad

Fri, 01/25/2013 - 21:28 | 3187074 conspicio
conspicio's picture

When the morons in the SEC put out shit like this:

They're all sansabelted with short sleeve shirts and ties over there. Yeee-haaa.

Fri, 01/25/2013 - 18:21 | 3186601 Dr. Engali
Dr. Engali's picture

Oops... That was me... sorry guys. I meant to sell 80 shares. Fat finger you know.


An ex Waddell & Reed mid level employee.

Fri, 01/25/2013 - 18:53 | 3186805 NoDebt
NoDebt's picture

Again, Doc?  AGAIN?  Didn't Rochedale throw you out after you botched up an Apple trade for Dick Bove a few months ago?  I thought they fired you already.

Fri, 01/25/2013 - 17:34 | 3186602 max2205
max2205's picture

Should have seen those 1/25 445 puts go from 0.60 to $5.00 in 30 sec....awesome if on the right side....awesome

Fri, 01/25/2013 - 17:43 | 3186624 Cdad
Cdad's picture

We saw the absolute inverse of this on both CRM and CMG...where millions were made in nanoseconds on the options at close.  The stock was just the churn and the chum.

Yeah...I'm sure "investors" can't wait to get in there and buy stocks.  Keep printing dollars for the criminal syndicate, Ben...because the folks are gone.  Capital formation is dead, and will remain so until such time as the current "market" is scrapped, and the orange jump suits are handed out.

Just imagine the portfolio manager's level of incompetence to sell that much Apple stock right there, while piling into the SPY...on that pairs trade capitulation.  Just imagine that amount of capital missallocation involved in all the S&P stocks that have been rising....following the SPY's lead.  In this one example, you see just how broken the entire "market" is...and how imcompetent the people behind these "markets" really are.


Fri, 01/25/2013 - 18:02 | 3186698 Yen Cross
Yen Cross's picture

 As always, [Cdad], I deeply respect your input. There is technical, and there is techni/call... " On the job training"

Fri, 01/25/2013 - 19:41 | 3186909 in-Credible Banker
in-Credible Banker's picture

You mean like NFLX????  I mean that is positively effed up shit!

Fri, 01/25/2013 - 20:50 | 3187022 Yen Cross
Yen Cross's picture

 Watching the Bills, might get more expensive

Sat, 01/26/2013 - 10:49 | 3187590 Gold Dog
Gold Dog's picture

I bought a potload of equities in early January, the market always rallies before the inflation hits. I am now using trailing stops on all seven I loaded on. I are a fuckin genious, they are all up.....for now.


 PS- The hard part of course is to not get caught with my pants down when they take all of TDAmeritrades $$$ to help the loafers, eh, less fortunate, ya, that's the ticket! They aren't multi-generational parasites, they are the less fortunate who really didn't build that!

Fri, 01/25/2013 - 17:35 | 3186603 Temporalist
Temporalist's picture

Is "pissing your pants" what they mean by HFTs providing liquidity?

Fri, 01/25/2013 - 17:35 | 3186607 virgilcaine
virgilcaine's picture

Hedges in "full panic mode".. got to luv it.

Fri, 01/25/2013 - 17:52 | 3186666 fourchan
fourchan's picture

this hft target is hitting the big biys where it hurts, their one profitable stock.

Fri, 01/25/2013 - 17:36 | 3186610 Waterfallsparkles
Waterfallsparkles's picture

Weekly Options. Plus to get anyone with a Margin call to follow and sell.

Fri, 01/25/2013 - 17:37 | 3186611 TraderTimm
TraderTimm's picture

Reality distortion field [ OFF ]

Newton was right, after all...

Fri, 01/25/2013 - 18:05 | 3186617 debtor of last ...
Fri, 01/25/2013 - 17:56 | 3186680 Theta_Burn
Theta_Burn's picture

This should sum that up nicely

Fri, 01/25/2013 - 18:06 | 3186715 otto skorzeny
otto skorzeny's picture

my fave is that Bank of Israel loaded up on AAPL at around $600 a share-Shalom Bitchez.

Fri, 01/25/2013 - 18:32 | 3186773 ZeroAvatar
ZeroAvatar's picture

Bank of Israel,  01-25-13, 15:29 PM



Fri, 01/25/2013 - 20:57 | 3187032 walküre
walküre's picture

Their purchase was part of the campaign to get retail suckers in. Can't you see how that move had inspired Jewish money to follow the leader? Then the trap was shut and the Israelis sold into the hype and made a few bucks. IF that transaction ever really took place.

Fraud knows no religious bounds. Jews eat jews for breakfast. The Lehman Bros. got told to take the hit. There simply is no better group in the financial paper fraud department than the Jews and that is a fact.

Fri, 01/25/2013 - 17:38 | 3186619 Waterfallsparkles
Waterfallsparkles's picture

I also do not think it was a dump.  I think it was a short. 

Fri, 01/25/2013 - 17:39 | 3186621 no life
no life's picture

It was probably that fucker Kramer..

Fri, 01/25/2013 - 17:40 | 3186625 H E D G E H O G
H E D G E H O G's picture

KIKEner cashed out his last day at the Treasure Chest.........................

Fri, 01/25/2013 - 17:57 | 3186683 goldenbuddha454
goldenbuddha454's picture

Would like to see Geraldo go down into the basement where all that German gold is stored at the NY Fed with Geithner and give us another Al Capone's vault moment. 

Fri, 01/25/2013 - 18:19 | 3186744 lakecity55
lakecity55's picture


Geraldo, what a tool.

Fri, 01/25/2013 - 21:17 | 3187062 Freddie
Freddie's picture

Geraldo's real name is Jerry Rivers.

Fri, 01/25/2013 - 17:41 | 3186632 Fish Gone Bad
Fish Gone Bad's picture


Fri, 01/25/2013 - 17:42 | 3186633 ToNYC
ToNYC's picture

grow a pair, and get there.

Fri, 01/25/2013 - 17:43 | 3186640 Rari Nantes In ...
Rari Nantes In Gurgite Vasto's picture

Just filling the gap.....just pull up a slightly longer term chart than the one on offer from Nanex.

Keep calm and carry on. Nothing to see here.....

Fri, 01/25/2013 - 17:44 | 3186643 asteroids
asteroids's picture

THIS is why the public loses confidence in the stock markets. THIS is why they won't EVER come back. The folks in charge look the other way. Like the rich ugly fat guy farting in the elevator.  You let him do it because you wan't his business. And you know what, the ugly fat guy knows this.

Sat, 01/26/2013 - 11:11 | 3187616 Shell Game
Shell Game's picture

Haven't you heard?  The veil is off, we are officially milk cows for the control freak elite. 


Though...  I recall Pladizow's excellent question, 'Obama, am I a terrorist or a milk cow - I can't be both!' 


Fri, 01/25/2013 - 17:44 | 3186644 LongSoupLine
LongSoupLine's picture

I fucking love Nanex.

Fuck you Getco.

Fri, 01/25/2013 - 17:45 | 3186649 Yen Cross
Yen Cross's picture

 I love the fact, that I watched and read Tylers { HFT} threads.

Fri, 01/25/2013 - 17:48 | 3186655 SDRII
SDRII's picture

its like shift change in NYC...Just wait an hour or so and there will be plenty of cabs (in this instance wait until about 2am and the bid will arrive)

Fri, 01/25/2013 - 17:50 | 3186658 adr
adr's picture

How much of the Netflix bullshit is to cover the Apple loss? This game is only for psychopaths.

But the psychos can keep buying $23 million mansions because of it. Nothing will end until the people decide to make it end with the Hamptons on fire and banksters hanging from the trees.

Fri, 01/25/2013 - 18:27 | 3186763 francis_sawyer
francis_sawyer's picture

 "Nothing will end until the people decide to make it end with the Hamptons on fire and banksters hanging from the trees."


Sounds like HOLOCAUST 2 [in practice] if you ask me...

Fri, 01/25/2013 - 18:32 | 3186776 W74
W74's picture

If only the Sheeple would wake up.

Fri, 01/25/2013 - 19:08 | 3186835 Pure Evil
Pure Evil's picture

It only happens in the movies when one of the characters is named Frankenstein.

Fri, 01/25/2013 - 21:24 | 3187066 Freddie
Freddie's picture

Dude - I had to do a drive through a very wealthy area in the USA recently.  I have never seen so many $12 to $24 million or more houses under construction at once.  It was bizarre. I know the area well.   Depression?  What depression?

This is where all the Obam TARP money went.  Sickening.

Fri, 01/25/2013 - 21:45 | 3187095 Its_the_economy...
Its_the_economy_stupid's picture

Ever witness the yacht-building contract surge in the Black Sea ship buiiding yards after the US budget get passed(with the foreign relations support)?

Nothing opens the mind the the smell of horseshit. Ask the Krupp family.

Sat, 01/26/2013 - 09:30 | 3187534 goldenbuddha454
goldenbuddha454's picture

Would like to see a John Stossel investigation of where that TARP money went and how it was spent.  That would be awesome!  Like you implied, the disparity between rich and poor in this country has never been greater.  Its obvious when you take a look at Millionaires Row and the mansions just keep getting bigger and better through the supposed 'hard times'.  The middle class is being Fu^%ed by Bernanke at the grocery store,  gas pump etc.. in terms of everyday staples that are considered "TRANSITORY" by the FED.  The poor are happy because they sit and wait for that check in the mail that keeps coming courtesy of those who still continue to work and pay into the welfare/social security/medicaid entitlement system.  When the poor stop getting that coveted free money, watchout, there's going to be riots like you've never seen.  The rich will flee to some other country at that point and the middleclass will just be forced to pay more taxes to keep the entitlement system going.  Ostensibly, the rich and the bankers are being hammered by Obama, however, with sweetheart deals like the Robo-Signing deal, they only get a slap on the wrist and just keep pulling in the dough hand over fist.

Fri, 01/25/2013 - 17:50 | 3186659 Boilermaker
Boilermaker's picture

SPX 1,500

RUT 900


Fri, 01/25/2013 - 17:54 | 3186673 fourchan
fourchan's picture

lol whom ever is buying this star shot rally is an idiot.

Fri, 01/25/2013 - 18:20 | 3186747 edb5s
edb5s's picture

"And just so [retail investors] know what to expect[...]" LOL.

I had more than one "retail investor" tell me they were considering AAPL back when it was at its highs.  I told them then that it was in a bubble and they would be crazy to pay that much for it.  I explained the popularity of the Samsung phones and the fact that Apple's "visionary" leader is no longer with them.  I explained that they don't produce anything that is, by virtue of being a necessity, truly valuable.  I am being proven right (many thanks to the Tylers on their continuous articles regarding AAPL) and enjoying every minute of this decline. 

Fri, 01/25/2013 - 17:53 | 3186668 Ljoot
Ljoot's picture

Ackman probably dumped AAPL to meet HLF margin call.


Fri, 01/25/2013 - 17:55 | 3186675 buzzsaw99
buzzsaw99's picture

Is Rochdale still in business? Where in the Hell is Beeks?

Fri, 01/25/2013 - 17:58 | 3186685 Yen Cross
Yen Cross's picture

 I forgot about that one buzz.  Nice work /

Fri, 01/25/2013 - 19:11 | 3186842 Pure Evil
Pure Evil's picture

President of Exchange: [Randolph Duke has just collapsed with shock] Mortimer, your brother is not well. We better call an ambulance.
Mortimer Duke: Fuck him! Now, you listen to me! I want trading reopened right now. Get those brokers back in here! Turn those machines back on!
[shouts - it echoes pathetically throughout the trading hall]
Mortimer Duke: Turn those machines back on!

Source: IMDB - Trading Places

Fri, 01/25/2013 - 19:30 | 3186884 Yen Cross
Yen Cross's picture

Eddie Murphy?  Dan Akroyd? (sp)  I like you.

Sat, 01/26/2013 - 10:55 | 3187599 Gold Dog
Gold Dog's picture

Excellent Billy Ray!

Fri, 01/25/2013 - 17:56 | 3186682 devo
devo's picture


Fri, 01/25/2013 - 17:57 | 3186684 h0oS
h0oS's picture

Apple's business model is now litigation over innovation. I hope APPL get's truley fucked in the ass by the evil shorts, HFT manipulatoin or not I don't care when it comes to APPL.

Fri, 01/25/2013 - 18:22 | 3186746 falak pema
falak pema's picture

when you have a 137 billion in cash, your focus on innovation becomes weaker as you can make more money by making your own stock flash crash and playing short on it. You are now a financial wizard at financialised derivative hi margin plays. You join THAT club; and you can't lose with zirp liquidity to leverage your bets. 

Money like power makes its own laws and mega money is totally corrupt. 

Both GM and GE joined that club in their heydays.

Fri, 01/25/2013 - 19:16 | 3186856 Wilcat Dafoe
Wilcat Dafoe's picture

It's always the same. In the weeks before the product launch, the rumors start flying. The new product will have a brand new design! It'll be thinner! Lighter! With twice the power! And there will be a price drop! And a spec bump across the line! The whole line-up will be updated! No, replaced! No, this is going to be the start of a brand new product category! Here are some product mockups. Here's what these could look like!

Then the discussion starts flying. "Here's what I'd like to see!" People start predicting entire product lines, including estimated pricing, and start drooling about how awesome it's all going to be.

Then the product announcement happens. It's a new version number with a reasonable spec bump. The form factor is the same as last year's model but the price drops slightly. It's a competitive upgrade, but nothing revolutionary.

And then the complaining starts... What happened to the revolutionary new design? What happened to the brand new product line? We're so disappointed!

Nothing "happened to it". You guys made it all up in the first place. There's no way those expectations could ever have been met.

Every. Single. Time.

Fri, 01/25/2013 - 18:01 | 3186691 Canadian Dirtlump
Canadian Dirtlump's picture

dear AAPL share holders, as a silver stacker I can give you advice on how to nurse a bleeding nose, care for a  facial blowtorching or rebound from a general ass kicking with a modicum of dignity..

Fri, 01/25/2013 - 21:01 | 3187037 Marge N Call
Marge N Call's picture

Awesome. I think we can all appreciate that.

Sat, 01/26/2013 - 10:57 | 3187602 Gold Dog
Gold Dog's picture

CD- How about coffee burns inside my nose....good one!!

Fri, 01/25/2013 - 18:02 | 3186706 fig_newton Trader
fig_newton Trader's picture

Just wait untill Apple rolls out their new line of products.. Apple Algos .. They will call them iTrade and we can talk to it using Siri

Fri, 01/25/2013 - 19:34 | 3186889 hooligan2009
hooligan2009's picture

i don't like apple rolls..and i know that orange juice is 30% apple these days...long oj futures, short apple! 

Fri, 01/25/2013 - 19:35 | 3186895 Bunga Bunga
Bunga Bunga's picture

But beware of the fat tongue.

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