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Apple's Flash Dump In The Last Second Of Trading Caught On Tape
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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Market overdone on the upside, Apple overdone on the downside. i think the play here is buy AAPL and short the S&P.
seems 100% logical, so do the opposite monday on the open
heh...
APPL , is a currency, and the daily chart looks heavy.
And isn't every pension and hedge fund on the planet supposedly all-in to the rafters on this shit? Where are they running to now, the UST bubble?
exactly. if 600 took out shithead Bove there should be plenty of bodies floating face down right now. some big ones i would think. where are they?
Big Money ---such as Al Gore-- just happened to sell days before this crash.
He is so lucky. Is it luck?
CASH/ TIP's Junk away/ I learn from the best. Knuckles.
Thank goodness a new SEC Sheriff will be riding into town to investigate this AAPL flash crash. [Sarcasm off]
Perhaps the S&P closing over 1500 is the all-clear signal that the new SEC Sheriff is really an old friend and defender of companies and individuals accused of SEC violations. Despite the media trumpeting her role as prosecutor, what is most relevant here is her career as "mouthpiece" for the corporate mob, the "Bruce Cutler defense attorney" for companies and individual accused of SEC and securities fraud violations. Here's excerpts from her Debevoise and Plimpton LLP partner webpage:
"Ms. White’s practice concentrates on internal investigations and defense of companies and individuals accused by the government of involvement in white collar corporate crime or Securities and Exchange Commission (SEC) and civil securities law violations, and on other major business litigation disputes and crises. For her criminal work, she leads a Debevoise team that includes eleven former Assistant U.S. Attorneys with extensive experience in major commercial investigations and prosecutions.
"Chambers USA (2009) ranks Ms. White above the top-tier in the in the New York White Collar Crime & Government Investigations category, listing her as a ‘Star Individual.’ The latter publication describes her as ‘tenacious, tough and [a] brilliant lawyer.’ Other comments from Chambers’ survey of clients include that Ms. White is ‘a recognized superstar’ in the white-collar area…widely admired for being ‘thoughtful, proactive and down to earth’ and “clients assert that in light of her…years as the U.S. Attorney for the Southern District of New York, she ‘stands alone’ for her ‘phenomenal talent’ in white collar and commercial defense matters.”
"From 1983 to 1990, Ms. White was a litigation partner at Debevoise, where she focused on white collar defense work, SEC enforcement matters, and commercial and professional civil litigation. From 1978 to 1981, Ms. White served as an Assistant United States Attorney in the Southern District of New York, where she became Chief Appellate Attorney of the Criminal Division. Prior to that, she worked as an associate at Debevoise from 1976 to 1978. Ms. White served as a law clerk to the Honorable Marvin E. Frankel, US District Court for the Southern District of New York."
http://www.debevoise.com/attorneys/detail.aspx?id=26af1fa8-0acf-4ef5-9c3...
with a CV like that Mrs White should succeed Mrs LAgarde at the IMF.
Nice Post!
with a face like Lagarde's, she will have worn it down to a stump by now.
Germany is all good
only cos merkel married a hamster, or was that a jerbil, with a long fuse...
Golf Clap/
she probably has that too!
The fox shall truly be watching over the henhouse.
"We have hired only foxes with impeccable credentials to watch our henhouse."
-
"Shit, where the hell's the henhouse? It was right out back not ten minutes ago."
She looks scarier than the Russian agent chick in the old James Bond flick with the spike on her shoe that would kill you instantly.
SPECTRE agent Rosa Klebb, played by the actress and singer Lotte Lenya.
Lenya's husband Kurt Weill collaborated with Bertolt Brecht in writing The Threepenny Opera which premiered in Berlin in 1928. Hitler's ascent in 1933 encouraged all of them to relocate. Weimar history, especially that of Weimar Berlin, is fascinating and Lotte Lenya had a small part in it.
From the Threepenny Opera, The Ballad of Mack the Knife performed on guitar by the great Dave Van Ronk:
http://www.youtube.com/watch?v=gsOUFoC0dTY
Thank you.
So THAT was Lotte Lenya. Now, where's ol' Lucy Brown?
analysts=flip a coin
iDUNO :-)
I believe I can see the matrix now. You just need to scroll down this page fast.
There's an app for that.
don't try to trade against robots with nanosecond algorithms. it's a losing proposition every. single. time.
Last Second Trader's Club (LSTC) official motto (via Mathew 20:16, New Living translation), T-shirts now available: “So those who are last now will be first then, and those who are first will be last." Also, coffee mugs in the Gift Shop reading: “. . . because many are [margin] ‘called’, but few are chosen.”
(Ah, half the fun of being an atheist is to use your former Catholic school training for nefarious purposes.)
I have this funny feelings...... it's not a dump - a short, and I bet you all the moonpies and penny whistles a 2015 dollar will buy that The Vampire Squid is behind it, because I am reasonably confident the Squid has many, many analysts who do the same. fucking. iThing with every release.
Or someone else with a fast com-pu-ter got super lucky. Like those cats who shorted the airlines right around the time of 9/11.
I'm an unashamed Apple fanboy but I have to admit, having read a bunch of stuff on this site this past few days, I owe Tyler an apology. I really didn't understand just how rigged the game is. So - why is anyone going into stocks or bonds at all versus commodities or physical?
In any event, if I were a giant bonus paying squid, what would I do with all sorts of sudden cash?
Look ye upon Goldman. Look ye Anon upon them, verily even unto their servers, for the squid may, possibly, perhaps, have more back doors than a Vegas casino...
Sic semper squidrannus.
Denninger sums it up nicely, today, re: Rotation
Let me ask an intemperate question: Does anyone remember 2007 and early 2008?
The same rotation was observed then, and at the time I warned everyone that the game was entering its last few innings, and would soon destroy everyone twice -- first those who shorted those that were the targets of the rotation in too soon (and got wrecked) and then those who reversed or bought into the ramps when those stocks collapsed along with the former leaders.
The very same pattern appeared as we topped in late 1999 and early 2000.
It's happening again.
This can go on for a while, incidentally, so don't think for a minute that I'm calling for everyone to short with a dartboard. No no no -- not unless you have either an iron stomach (and the margin capacity to match) or would like to be one of the buried.
The reason this particular pattern is ultimately destructive and leads to a large decline is that the losses suffered by those on the wrong end of these moves (in both directions) withdraw liquidity from the market. Markets move in total based on the equilibrium imbalance between price and liquidity. When liquidity is withdrawn as price rises the imbalance shifts toward declines and when that imbalance overpowers the advance the decline back to balance is swift.
The outcome here will not be different, just as it wasn't last time.
Plus, they need to buy a G.I. Joe with the kung-fu grip.
null
Be well.
Funky-ass charts, bitchez!
Hey, you guys remember not so long ago when the main stream media was saying absolute BS like Apple will pull the entire US economy out of recession? When you hear crap like that you KNOW its time to bail. The entrire stock market is one big rigged circus. The analists, the stock brokers, the banks, the newsletter writers..the industry is mining the miners but they always want to make sure they don't totally piss you off because then there would be nodody left to screw.
That Hamptons post . Love It!
Let Me, Hypothecate? You ass clowns" bought the dip"? You are a bunch of lying scumbag, wanabe DOUCHEBAG ASSHOLES!
i'M SICKENED. i MADE GOOD MONEY. You scumbags broke even/
YOU ARE AN IDIOT, NOTHING MORE.
just remember....Apple didn't make that!
guys, this is very simple, short indexes vs long Apple, now the crowded hedge fund hotel is unwinding and further pain is due, unless Apple buys facebook for $38 a share, not sure I would touch it. $212.50 is the target and long term buy zone, then again, nobody ever stays on top, not in the tech world that is.
This is classic. Tom Stolper bats ".999" and every Numismatic life force joins in. I give my trading Ideas, and they are traded against.
Children, respectfully. ( when you are cornered) you make phone calls?> Tyler answers them<<
Muppets slayed, mission accomplished.
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.
No one in their right mind would do it except for one reason, to move (manipulate) the price. And here we all thought that was illegal. And how hard would it be for the SEC to find out who if they really wanted to? Move over eBay. Grand Central Fraud has a new address.
Why would you manipulate the price into Friday close?
Apple will spend $45B on dividends and buying back shares over the next year; apparently they need to. I think the dividend was a dumb idea; the elastic playground doesn't need dividends.
AAPL was a gorilla stock, but if MSFT is any indication, gorilla-hood ends with a few shrugged off disappointments and then a sudden pop.
What's up with the outliers for some after-hours trade: at 16:10 1200 shares traded at 445.1009 and at 16:04 985 shares at 445.1188 against a background of $439 (on 2013-01-25):
http://www.nasdaq.com/symbol/aapl/after-hours
(the use of hundreths of cents is a steganographic tracking mechanism...)
the spike can be seen here (time resolution is crude, but it appears to spike up to 448 in the after-hours zone):
http://www.nasdaq.com/symbol/aapl/real-time
In need of Nanex... Aha! These $445.* trades are now marked with "cancelled trade" (example: 17:11). Not all were cancelled, at 17:38 1157 shares for $445.8798 is still there as of 19:23ET).Just before the 2008 crash, BANK stocks were the tell.
http://money.cnn.com/2008/09/29/markets/markets_newyork/index.htm
This time, AAPL is the tell, but the outcome will be the same: Dow crashes 778 in one day. (Or more)
Some entity that is not effected by losses and connected to counterfeiting.
Tyler, I Try/ belligerent children.
Think about what just happened this week. The darling of the world got taken down to the woodshed and was told to smile because she had pretty teeth. And then everyone piled into NFLX and all sorts of other crap like cockroaches hiding from the sun.
Yet all the local dump truck and small town lobster newpapers this weekend will herald the new economy, the new bull market that awaits with open arms and Apple might as well be Atari at this point.
I'm keeping my fingers crossed that with all the hype on the weekend joe six pack will finally relent, fess up and walk down to Ameriprise so he can get "in on the action" and buy some Mutual Funds.
Maybe it took a pension fund or hedge fund this long to realize that the "AAPL to $1,000" calls weren't coming true.
My guess would be CALPERS, who probably bought at $650.
FUCK THE FED! Fuck anything, that has tangible value. Happy 4th of Fucking July!
Perhaps you meant to say that the FED was trying to fuck anything that had tangible value like Gold or Silver?
Certainly not Apple.
Fuck the FED.
End the FED.
I don't play the stock market, but even I can see that Apple's stock was very over valued. With Steve Jobs gone, Apple didn't lose a employee, they lost the only person with the vision to push Apple from nothing to being something greater than Exxon. That being said, Apple's products are not bad, but the new CEO is running apple like HP. There is virtually nothing ground breaking coming out of the Apple camp. Don't take me for a Mac hater, I have a couple mac's myself. But, people used to clamor for the "next best thing" to come from Apple like it was God shitting out miracles and sunshine. Now, the product launches have been lackluster, the product updates have been lackluster, and lost Apple's main selling point aka being virus proof, by allowing Java, which Jobs hated almost as much as Flash, to bring infections to the OS X platform. Not mentioning the Maps fiasco, Apple's image has been tarnished because when Jobs died, Apple got lazy. There, I said it. The boss is away, and the fucktards will play! Without Jobs cracking the whip and at the helm, Apple lost their something special. Apple's true genius was it's ability to make something SIMPLE that simply worked.
It is interesting to ask: If Steve Jobs were to be alive, would this still would have happened?
In my opinion yes, and would add also "of course"/
The people who understand the live-cycle of technology innovation and productizing, I mean hardware not software, can realize that.
Of course not. If Steve Jobs were still alive, you wouldn't have so many people questioning the future profitability and innovative capacity of AAPL. Steve Jobs was one of a kind. Without him, the company is a normal big company, not a perpetual innovation leader that brings in outsized profit margins forever.
Have to agree with andrewp111,
Steve Jobs was the Copernicus of Cupertino.
He was one of a kind and is gone. The corporate culture lives on but the driving force, personality, and intelligence that brought the company back from the grave in the mid-1990's is gone.
I was screaming to people when it went over $600 to sell what they had and take the profit, especially after he passed.
Technology companies come and go in the blink of an eye (6-month windows if not smaller), so be careful.
Jobs would not have let the iPad mini be released, and the iPhone 5 would have been a bigger improvement than it was.
You just don't have the charismatic Captain at the helm anymore.
Hate me all you want. At least I make you think.
I don't hate you Yen Cross, and thought is good.
Not sure people understood what you were saying.
Any Apple post anywhere is a MINEFIELD.
Oh shoot. I hit the wrong button.
SoT? Sunday Been %There done that.
Nothing like my flash dump thanks to some bad chicken....
We all make mistakes.
Wake Up!
am trading ( long aud/usd) Sunday
Hate me
When monday rolls around all the ill-advised will know nothing about this. Fuck these clowns, they have what's coming to them and they'll get it eventually. I might be sitting here drowning in my vodka 5 years waiting on it but it's coming. BTW 5 years of this horseshit is entirely way too generous this entire planet is a huge powderkeg.
You could go down to the bar and see who's throwing money around. Probably just a few of the plunge guys making a get away.
Is there really a tactical reason for selling into the close like that other than you really need the money?
Is it likely that the money is being used for short covering on netflix or is it really anybodys guess? Or is it possible to drive the stock price down with the intent to buy it back at the new low price.
Hate Me/
Am I tired? "No I'm not tired{ } E- Evenrude
I.m short Sunday
Hello parabolic rise in ES as the great hedge unwind begins, assuming the drop is big enough to make a broker do the deed: a margin call on their clients.
I took a flash dump when I visited Kittery Trading Post today. No 5.56, no 7.62x39, no 7.62x51, only 500 primers per customer, many powders out of stock, and drum roll please... old 8mm Mauser surplus ammo for $1 a round!
I advised my mother to dump it back in December. She thankfully listened and only lost a little bit. She would be screwed today had she not listened.....I knew she should dump it because of the good folks here on ZH. THANK YOU ALL.
.........and I love you.
The genius of Jobs was that he knew how to kill a new product quick if it was a failure. People never remembered the failures because the products had brief life cycles. Steve Jobs also would never put all the bells and whistles on his products, he would roll them out with each new version. Think about it, the Iphone did not go 3g until it was a 3gs or there abouts, phones and smart phones had already been 3g for a few years before. Jobs could have done it earlier but he wanted to build up the excitement of the next innovation and there by milking the fan boys out of cash with each new release. Now the iphone is out of bells and whistles, so no more real innovation.
Tyler, could this be part of the reason for the last min selloff?
This article came out after the ckose of trading.
http://www.guardian.co.uk/technology/2013/jan/25/apple-child-labour-supply
Well, I didn't call the timing but I did put up a good timing-price curve. The older pic is in the description box for this pic showing the drop & the curves again.
The ponzi is coming to an end
CRIMINALS will be CRIMINALS!...But, I'm still "shorting" this PIG!
hopefully, sooner than later, it'll come this way...I'm patient!!
"Nothing to see here, move along."
Yeah, sure. Normal action in the casino.
They changed the dice on the craps table and all of a sudden everyone started losing.
Great time to put down some chips and gamble! Free drinks!
You mean the iPad mini didn't grant us all eternal life?
Ok .... who's realising that Blackberry 10 [launch date Jan 30th] is the new superkid on the block? And what would constitute and precipitate a flash crash?
Denninger has been on it, RIMM, for quite a while.
Another thing is the sub 80 dollar- down to 50 dollar generic pads from China. Chinaman cannot afford AAPL.
It was only somebody cashing out so they could roll into the latest pump and dump circus to hit town;
"Twitter to be valued at $9bn following Blackrock investment."
Love these Nanex charts. The truth is in the detail.
AAPL Parabolic Irrational Exuberance. . .
As mentioned in 2012, vertical moves for any stock, commodity etc are unsustainable.
Charts don't lie.
AAPL monthly chart as of February 5, 2012 & posted February 10, 2012.
http://trader618.com/2012/02/10/aapl-parabolic-irrational-exuberance
AAPL monthly chart as of April 4, 2012 & posted April 9, 2012.
http://trader618.com/2012/04/09/aapl-parabolic-irrational-exuberance-2
The best thing was all those bullshit Investment Bank sell-side analcysts who were calling for $1000/share price target on AAPL hoping to suck the sheeple in as usual.
I usually trade "Global Macro" so don't really trade equities but the only trade in that space I did do was to short AAPL at $701.00 because I genuinely thought it was a blow-off parabolic spike that made the company irrrationally over valued.
Also it helped that my GP (Doctor in the UK) told me he was loading up on AAPL shares. That's when I knew it was time to short.
If I were an AAPL shareholder I'd be absolutely fuming with them for holding on to over $120bn in cash (that their Hedge Fund arm Braeburn Capital have generously parked mostly in corporate bonds and MBS ) instead of distributing it in the form of a special dividend or more share buybacks.
#RottenAAPL
The reason for the decline? I bought an Ipad "mini" and promptly returned it the next day. Att can go scratch as well.
I know this totally irellevant on this thread but yesterday I had no time to bid fairwell to The Geethner.
Sorry Geethner, I had real work to do so here goes. You wont be missed you cocksucking little prick. The whole world is onto you, you scrawny shitbag, and as some folk here have pointed out you have an IQ somewhere in the range of 77. No wonder you were just a pawn for the contollers above you, you fucking hateful front running spot on the cock of an in-bred hicks dog.
The world remember you for what you are small man, I wish you nothing but ill health and an early grave, and to top it off, you have a face that not even your mother could love. A face, that if I ever encounter it, wont stop punching you disgrace of a waste of skin and filth. May you never know a minutes peace for the rest of your life you cunt.
God I fucking hate you with my soul, man boy.
I love the site, and have been following zerohedge when they started on seeking alpha. but there are times when you actually have to do some writing and explain things. esp when you just put up the pictures like this. No matter how many times you fuck this up tylker, you keep doing it again and again.
Whew, my Saturday morning flash dump was a double flusher as well...
With all the beer and crawfish volatility last night, I should have known better-
I just got caught up on the hype.
I thought that Tulips only went up in price... you mean that the price can actually go to zero?
That can't happen to Tulips!
Market finally realizes Tim Cook is no Steve Jobs? and Steve isn't comin back..
57% of Apple's revenue comes from just one product line, the iPhone.
7% comes from iTunes.
Only 3% is iPod.
If you have 57% of your revenue reliant on just one product that is getting spanked into submission along with continued market share erosion, you have some serious problems ahead.
That's why the stock is tanking.
Gravity.