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AAPL Flash-Crashes Over 7%

Tyler Durden's picture




 

Did Icahn just cover? Cramer's view: "that's silly" And no - there's no catalyst - this is your most liquid efficient stock market in the world at work...

 

 

and close-up

 

As Nanex shows - the crash stopped perfectly at AAPL's circuit breaker level

And here is how the major indices were affected by the single-stock crash...

 

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Mon, 12/01/2014 - 10:57 | 5504415 Bastiat
Bastiat's picture

Isn't that illegal?

Mon, 12/01/2014 - 10:58 | 5504422 stinkhammer
stinkhammer's picture

iCrapped

Mon, 12/01/2014 - 11:02 | 5504442 NoDebt
NoDebt's picture

If you you said that chart was for gold, nobody would be surprised.

Mon, 12/01/2014 - 11:06 | 5504459 zerozulu
zerozulu's picture

Something terrible is going to happen. In this game of chess all players know their moves only we the sheeple have no idea

Mon, 12/01/2014 - 11:10 | 5504475 EmmittFitzhume
EmmittFitzhume's picture

Did AAPL reach half of it's avg daily volume in the first 30 minutes?!

Mon, 12/01/2014 - 11:15 | 5504494 Headbanger
Headbanger's picture

DIE AAPL!!

DIE!  DIE!  DIE!

Mon, 12/01/2014 - 11:24 | 5504517 schatzi
schatzi's picture

Dudes, that's 700.000.000 $ sold within a minute from what I can tell. Even AAPL will feel that. Can't see how you can fault lacking liquidity for that drop in price.

Mon, 12/01/2014 - 11:27 | 5504529 zerozulu
zerozulu's picture

I guess, 0.01%er are mad at 0.001%ers

Mon, 12/01/2014 - 11:34 | 5504546 ilion
ilion's picture

iShit also stinks.

Mon, 12/01/2014 - 11:25 | 5504520 Soul Glow
Soul Glow's picture

Chess?  Mother fuckers are playing checkers with the financial system like kindergartners on recess.

Mon, 12/01/2014 - 11:01 | 5504444 Uchtdorf
Uchtdorf's picture

...on some folks.

Mon, 12/01/2014 - 11:03 | 5504452 101 years and c...
101 years and counting's picture

the drop itself isnt.  that fact that 1 person sold more than 100 shares in a block is illegal.  the SEC and FBI are already hunting down that terrorist.

Mon, 12/01/2014 - 11:18 | 5504496 firstdivision
firstdivision's picture

The legality of selling is determined by the effect on the counter-party. 

 

            Is the Counter-Party a Bank?

                Yes                          No

                  |                              |

  Will The Bank Profit?        Will it have a positive effect banks profits?

  Yes                 No                        Yes                 No

   |                    |                           |                     |

Its Legal         Its Illegal             Its Legal          Its Illegal

 

Mon, 12/01/2014 - 11:40 | 5504562 Agstacker
Agstacker's picture

LOL I'd upvote you 2x if I could but only Diebold can do that...

Mon, 12/01/2014 - 10:58 | 5504419 back2basics
back2basics's picture

1st

Mon, 12/01/2014 - 11:09 | 5504465 FrankieGoesToHo...
FrankieGoesToHollywood's picture

and every team gets a trophy.

Mon, 12/01/2014 - 11:05 | 5504421 TeamDepends
TeamDepends's picture

This is the end

Hold your breath and count to tenhttp://www.youtube.com/watch?v=T2L6FXiWFmw

We will stand tall

Face it all together

 

Mon, 12/01/2014 - 10:58 | 5504426 Senduko
Senduko's picture

Plot twist : Iwatch batteries not included. 

 

Mon, 12/01/2014 - 11:01 | 5504437 kaa1016
kaa1016's picture

I was watching the weekly options right as that happened and the 115 puts went from up 50% to up 2000% in a matter of seconds. This market is so unstable that it would not surprise me at all if one of these days in the near future, the S&P closes it's roughly 200 point richness relative to 30 year treasuries in a matter of days.

Mon, 12/01/2014 - 11:08 | 5504467 NoDebt
NoDebt's picture

Possibly hours.  Probably shortly after somebody from the Fed opens their big yap.

I recall last year somebody on this board (fonzannoon) predicted 10 year rates to rise from their lows to hit the heady level of 2.75% within a couple of months.  Helicopter Ben spoke about "tapering" QE4 at a press conference and we nearly hit 2.75% by the end of the day.

Mon, 12/01/2014 - 11:01 | 5504441 Boondocker
Boondocker's picture

It's still icrap....way over valued even in this insane "market "

Mon, 12/01/2014 - 11:38 | 5504556 DavidC
DavidC's picture

It's been overbought since the 20th of October when it gapped to the 101-102 area.

I haven't bought any Apple goods and I'm not going to.

DavidC

Mon, 12/01/2014 - 11:06 | 5504458 Keltner Channel Surf
Keltner Channel Surf's picture

That's cuz Bezos announced an iTunes killer:  a micro-usb music delivery drone the size of a dragonfly that flies from Seattle, physically connects to your phone and delivers a tune for 66c

Mon, 12/01/2014 - 11:38 | 5504559 DavidC
DavidC's picture

I found that extremely funny!

DavidC

Mon, 12/01/2014 - 11:45 | 5504577 Keltner Channel Surf
Keltner Channel Surf's picture

Sadly, there are likely folks with Fire TV sticks firmly implanted in both ears who think I was being serious :)

Mon, 12/01/2014 - 16:24 | 5505772 IronForge
IronForge's picture

.666 Dollars.

FIFY - The Masses want Drama;  and the Demagogues and Conspiracy Extremists want Fear  ^_^

Mon, 12/01/2014 - 11:07 | 5504460 Dazar Nummers
Dazar Nummers's picture

I read ZH and sometimes learn things I dont think Im supposed to know but Im a brave little soldier.

Mon, 12/01/2014 - 11:09 | 5504462 TalkToLind
TalkToLind's picture

This chart will be banned and scoured from the internet.  It didn't happen.  It will be considered Thought Crime to even mention it.

Mon, 12/01/2014 - 11:10 | 5504471 gatorengineer
gatorengineer's picture

we fucked some folks.....

Mon, 12/01/2014 - 11:13 | 5504486 Jahbulon
Jahbulon's picture

Made me wet my britches....

Mon, 12/01/2014 - 12:22 | 5504707 Wahooo
Wahooo's picture

We flashed some folks.

Mon, 12/01/2014 - 11:14 | 5504488 CaptOveur
CaptOveur's picture

Are you sure the iPhone 6 quality issues are not a catalyst?

Mon, 12/01/2014 - 11:18 | 5504500 FieldingMellish
FieldingMellish's picture

Didn't they reduce orders last night for some parts? I saw something go by on RanSquawk.

 

Here it is: http://headlines.ransquawk.com/headlines/apple-aapl-has-started-scaling-...

Mon, 12/01/2014 - 11:22 | 5504510 knowshitsurelock
knowshitsurelock's picture

This market is not driven and manipulated by the algo's.  It is a supply and demand driven market which honestly determines the actual relative value of stocks based on their earnings. 

Do I need to add a sarc tag to this post?

Mon, 12/01/2014 - 11:23 | 5504512 Soul Glow
Soul Glow's picture

Blow off top.

Mon, 12/01/2014 - 11:26 | 5504518 gatorengineer
gatorengineer's picture

And the Dow goes green.....

Mon, 12/01/2014 - 11:29 | 5504535 Soul Glow
Soul Glow's picture

Everything makes so much sense.

Mon, 12/01/2014 - 12:39 | 5504778 Vinnie BS repellent
Vinnie BS repellent's picture

Why not? All it takes is a few BILLION in printed paper and the Dow goes up. Should be down 150 easy today, but it is the favoreite pet of Yellen and BofJ lately.

Mon, 12/01/2014 - 11:24 | 5504516 gatorengineer
gatorengineer's picture

a 680B stock cant take a 300M order or roughly 1/2000th of its float.... we in a whole lotta shit....

I think what you saw was the test firing of an Algo Rail gun......  would be nice to see an analysis to see what Futures bucket they hit to trigger that.... or a Nanex analysis to see if it was a single block dump and how big....

Mon, 12/01/2014 - 11:26 | 5504519 ukspreads
ukspreads's picture

Surprise surprise, Dow almost green............Zzzzzzz

Mon, 12/01/2014 - 11:30 | 5504537 Jahbulon
Jahbulon's picture

The POMO team probably crapped their britches for a few seconds there......

Mon, 12/01/2014 - 11:41 | 5504561 franzpick
franzpick's picture

Can never hear many callers on their iP6: who says AAPL gives good phone...

Mon, 12/01/2014 - 12:10 | 5504662 Not Goldman Sachs
Not Goldman Sachs's picture

Circuit breakers are for sissies.

Mon, 12/01/2014 - 12:37 | 5504771 Vinnie BS repellent
Vinnie BS repellent's picture

Central Banks trying to keep the healthiest pig alive and shoveling billions into the Dow to day, but there is no CB intervention right?...

Mon, 12/01/2014 - 12:54 | 5504821 Random_Robert
Random_Robert's picture

Looks like a CME Gold Chart

Mon, 12/01/2014 - 15:13 | 5505484 TalkToLind
TalkToLind's picture

Some of those iPhones 5s and 6 have gold tinted paint.

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