This page has been archived and commenting is disabled.

Who Just Dumped Over $100 Million Of AAPL?

Tyler Durden's picture




 

Flash Crash? AAPL shares cracked lower on a huge sell order (of over $100 million) then rapidly recovered on de minimus volume... did Carl Icahn start dumping?

 

 

So where was all the activity in AAPL today? At the Open? No! On Greek News? No! At 1224ET? Yep!

Source: @NanexLLC

 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 06/11/2015 - 12:45 | 6186749 Creepy A. Cracker
Creepy A. Cracker's picture

I did.  Sorry...

Hitting backspace wouldn't reverse it.

Thu, 06/11/2015 - 12:55 | 6186807 Save_America1st
Save_America1st's picture

who the fuck bought it back?????

Thu, 06/11/2015 - 12:59 | 6186827 Manthong
Manthong's picture

‘tis but a flesh wound

Thu, 06/11/2015 - 13:03 | 6186837 Waylon Bits
Waylon Bits's picture

Doesn't the world economy depend on their gizmos and gadgets though?

Thu, 06/11/2015 - 13:10 | 6186875 The Limerick King
The Limerick King's picture

 

 

An ode to the new Apple clock

With iCon now dumping his stock

The countdown is on

To the end of his con

When fanboys are in for a shock

Thu, 06/11/2015 - 13:19 | 6186907 Urban Roman
Urban Roman's picture

It was Putin.

He wanted to do some renovation on the dacha in Sochi.

Thu, 06/11/2015 - 13:27 | 6186940 Manthong
Manthong's picture

‘coulda been the Bank of Israel.

It ain’t cheap bombing families and schools in Gaza.

Thu, 06/11/2015 - 14:30 | 6187201 Arthor Bearing
Arthor Bearing's picture

NO SPOOFING HERE! NOPE!

Thu, 06/11/2015 - 15:57 | 6187533 random999
random999's picture

my retirement fund bought it! When its time to retire I will be rich! iFinitiy

Thu, 06/11/2015 - 14:23 | 6187161 BullyBearish
BullyBearish's picture

AAPL's become an economic policy tool and as such, the FED and other Central Banks will step in on any and all dips until they decide not to...that is all

Thu, 06/11/2015 - 15:44 | 6187471 Model T
Model T's picture

Really. Selling Apple; the very definition of "smart money".  I can't reply to the objection to my comments about Cesium sinking; because the page is gone now; but Cesium is a heavy metal, the radioactive species has an Atomic Mass of 137; by time it reaches the surface of the ocean it will already be chemically combined; (it's extremely active, chemically); but the resulting heavy molecules will separate out by gravitational gradient in the Sea Water; in plain English they'll sink. No, they don't go straight down, but they do separate out. Let's say at a gravity of one g in Water they separate at a 45 degree angle during thermal diffusion; then as they move a mile sideways, they sink a mile. The surface current that brings the Japanese fishing floats to the Pacific Coast Beachs, is just hat a surface current; as soon as you drop below that every kind of mass motion is going on; the one thing you can count on is these heavy molecules are not going to be favored by gravity; eg. they will sink. You don't find any significant numbers of Cesium Compounds, Cesium Chloride, Suflate, Oxide, whatever; in ocean water samples; because they all sink. This is the real reason you can't measure any increase in water borne Cs137 activity in San Diego for instance. The background Cs137 count is a result of the US Military's long series of atmospheric weaons tests; and because some time has gone by; the background is now very low. George really doesn't have any idea what he's talking about; and he deserves all lthe scorn you can heap on him.

Thu, 06/11/2015 - 15:53 | 6187508 Model T
Model T's picture

A commercial application for Cesium, (normal, or non-radioactive kind), is to use the chemical compound as an oil well bottom plugging mud; it's very effective because it's so heavy; it sinks and it stays sunk; which is the desired performance in this case.  So, "it's a metal and it sinks" was simplified for public consumption; and lyet that is what happens; although it's a slower process than that undergone by a "lump" of metal. Very heavy molecules are separated out by gravity gradient; even the Sodium Chloride, table salt, in the ocean sometimes separates into higher and lower salinity regions; because that molecule is not exactly the same weight as a water molecule; although it's very close; Cesium Compounds are enormously heavy; much, much heavier than Iron Compounds for instance; which don't last long before ending up on the  bottom, either.

Thu, 06/11/2015 - 19:39 | 6188358 reTARD
reTARD's picture

When the crony insiders dump their shares, the mutual funds and pension plan funds (which the average Joe has shares in) soak them up. The insiders always win and the average Joe's always get left holding the bag.

And one wonders why their managed funds tend to underperform...

Thu, 06/11/2015 - 12:55 | 6186808 Headbanger
Headbanger's picture

That Carl..

He's such a prankster bankster..

Thu, 06/11/2015 - 12:55 | 6186809 Phoenix901210
Phoenix901210's picture

DId you try ESC?

Thu, 06/11/2015 - 14:04 | 6187082 bluskyes
bluskyes's picture

Only the big players have undo buttons on their terminals.

Thu, 06/11/2015 - 12:45 | 6186758 Lady Jessica
Lady Jessica's picture

<------sudden withdrawal

<------sudden penetration

Thu, 06/11/2015 - 12:46 | 6186761 Soul Glow
Soul Glow's picture

Kevin Henry's fat finger.  He had to sell something to reinvest in JPM.

Thu, 06/11/2015 - 12:47 | 6186764 stant
stant's picture

Someone had a margin call. Someone had to hide that someone had a margin call

Thu, 06/11/2015 - 13:54 | 6187046 Eyeroller
Eyeroller's picture

Ding, ding, ding! We have a winner!

Thu, 06/11/2015 - 12:48 | 6186768 pods
pods's picture

Dennie Hastert's phone just rang a couple more times?

pods

Thu, 06/11/2015 - 12:48 | 6186773 Dave Thomas
Dave Thomas's picture

It was as if a million voices cried out in pain, and were suddenly silenced.

Thu, 06/11/2015 - 12:56 | 6186811 Save_America1st
Save_America1st's picture

and the Farce is strong w/ these assholes too!

Thu, 06/11/2015 - 12:49 | 6186776 LawsofPhysics
LawsofPhysics's picture

My bad.  I dumped some recently...

probably a good time to buy now...

Thu, 06/11/2015 - 12:54 | 6186791 Buster Bluth
Buster Bluth's picture

That was 10 percent gravity.

Thu, 06/11/2015 - 12:53 | 6186793 Stoploss
Stoploss's picture

Someone with a brain???

Thu, 06/11/2015 - 13:24 | 6186926 Arnold
Arnold's picture

Steve Jobs' brain, coming back online.

Thu, 06/11/2015 - 12:53 | 6186794 nope-1004
nope-1004's picture

Computer game, without the TnA.  Waste of time.

 

Thu, 06/11/2015 - 12:53 | 6186795 I am a Man I am...
I am a Man I am Forty's picture

who just bought $100M of apple?

Thu, 06/11/2015 - 13:34 | 6186959 buzzsaw99
buzzsaw99's picture

if icon had anything to say about it apple did.

Thu, 06/11/2015 - 13:54 | 6187045 Seal
Seal's picture

The US taxpayer via the Fed

Thu, 06/11/2015 - 12:53 | 6186796 4 wheel drift
4 wheel drift's picture

ibuy

isell

Thu, 06/11/2015 - 12:57 | 6186819 TalkToLind
TalkToLind's picture

<-- iNeverOwnedAny

Thu, 06/11/2015 - 12:53 | 6186798 j0nx
j0nx's picture

100 mil? Apple's bar tab.

Thu, 06/11/2015 - 12:56 | 6186812 TalkToLind
TalkToLind's picture

This was obviously done by a rayciss, unpatriotic terrorist.

Thu, 06/11/2015 - 12:58 | 6186820 tecno242
tecno242's picture

Wanna know why?  I'll tell ya.

I just went to upgrade my phone last week (it was 2.5 years old)

AT&T like other carriers are dumping the 2 year agreement contract plans.  You know, the plans where you sign up for 2 years and get a 1100$ retail Iphone 6 for 249$?

Yea.. that's gone.  They still have the 2 year agreements as of this moment, but they jacked the each extra line cost from 15 to 40$ a month if you choose that option. (which is going away permanently within a year the guy said)

So why is this important for Apple?  All their phones are EXPENSIVE.  HTC for example has expensive and inexpensive but still nice options. I ended up with an HTC desire, nice phone.

So, now, you essentially pay a slightly discounted from retail price for the phone, but no contract.  To soften the blow, thy allow you to finance the phone over 2 years.  So for my HTC desire which had a 469$ retail, they sold it to me for 358$.  It adds 11$ a month to my phone bill for 2 years until I want a new one. 

For an Apple phone however, you will pay more than 3 times that much.  Your new Apple Iphone will now add roughly 40$ a month to your phone bill.  Same goes for Samsung, except like HTC, they have lower cost options.

Thu, 06/11/2015 - 13:53 | 6187041 SmallerGovNow2
SmallerGovNow2's picture

financing phones?  Jesus.  Next thing you know they'll be financing toilet paper...

Thu, 06/11/2015 - 14:37 | 6187227 Sanity Bear
Sanity Bear's picture

nah, that line of business has shitty profits

Thu, 06/11/2015 - 13:56 | 6187055 silverer
silverer's picture

Apple absolutely HAS TO keep up the stock price.  Government orders.  They are going to get "Microsoft ugly" with the revenue producing schemes, and have actually started already...  The good news is now you can buy cheap Chinese phones running Java in English, so there will be a way out of paying $1,200 for a phone.

Thu, 06/11/2015 - 13:08 | 6186822 Depression is Coming
Depression is Coming's picture

More likely margin call..anyone trying to unload a big position will just slowly walk their offer down while getting hit. Lift if there are lots of buys hitting you for optimal price.

this action is exactly why you don't short the lows of the day anymore. No momentum and HFT fuckery for the win.

Could have been some genius math wiz fapping it, and while cleaning off his keyboard..guess he unloaded twice for the price of 1..hundred million

Thu, 06/11/2015 - 13:02 | 6186828 jimfcarroll
jimfcarroll's picture

** delete comment ***

EDIT: Originally I couldn't read the charts. It looks consistent. Sorry.

Thu, 06/11/2015 - 13:05 | 6186846 adr
adr's picture

More stock was sold than the company is actually worth.

Thu, 06/11/2015 - 13:16 | 6186886 TalkToLind
TalkToLind's picture

It amazes me that people are still willing to pay $699 - $1099 for a new cell phone; y'all bitchez must be rich!  On the other hand, frugal S.O.B.'s like me are able to get brand new phones with high-end hardware and specs for substantially less.

 

Thu, 06/11/2015 - 13:42 | 6186993 matinee55
matinee55's picture

apple freaks will pay anything & they pay & pay again - repeat - buts I looks good with my foone

Thu, 06/11/2015 - 13:17 | 6186901 asfffasfff
asfffasfff's picture

obama-presidency is over. apple need to be crashed once before it will be phoenixed in future

 or b) they make an agreement with next elected presidency

 

Thu, 06/11/2015 - 13:28 | 6186943 The Delicate Genius
The Delicate Genius's picture

seems like the swiftness of the recovery is more interesting than the likely m-call dump.

AAPL is a good stock. Overvaluation is simply a feature and bug of the stock market in general. HTC and Samsung might be better, a lot depends on what AAPL can do in China/Asia in the face of HTC and other chinese and indian carriers, etc. but at least they make and innovate and are expanding in an expanding market.

Some of this aapl bashing on here, imo, has nothing to do with real world assessment at all. I don't get the fanboys blind to other innovators, but I also don't get the bashers who have been wrong, over and over again.

shrug.

Thu, 06/11/2015 - 13:52 | 6187040 silverer
silverer's picture

China realizes the importance of Apple to the US stock market.  When the time is right, you can expect some creative taxes on Apple products in China.  After all, they don't really need Apple, and they can build stuff just as good or better (J.C., they already build the damned iPhones!).

Thu, 06/11/2015 - 19:27 | 6188335 BrosephStiglitz
BrosephStiglitz's picture

China is supremely boned right now.  I do maintain they will overtake the US, but in the short run they are in serious trouble. 

Apple also has their own hedge fund, by the way, it's pretty secretive but.. I could see then purchasing 100 million in stock to stabilize the price, if it was necessary.  Also note- the products they sell are just one part of their balance sheet, and yes I think they will struggle too long run, but right now if you invest in Apple you invest in earning potential (which is admittedly poor these days, relative to valuation) but you're also investing in top notch capital management.  Given the fear and drive to preserve capital (fear of losing income is actually driving capital), not gains.

Thu, 06/11/2015 - 13:57 | 6187056 Eyeroller
Eyeroller's picture

We margin called some AAPL folks...

Thu, 06/11/2015 - 14:13 | 6187114 tommylicious
tommylicious's picture

FUCK YOU FANBOIZ!!!  BASTARDS!!!!!!!!!!!!!!!!!!!!!!!!!

Thu, 06/11/2015 - 14:18 | 6187137 Jack Daniels Esq
Jack Daniels Esq's picture

Timmy Cooky is an iDiot - my free ol' Razr still rocks

Thu, 06/11/2015 - 14:35 | 6187214 Sanity Bear
Sanity Bear's picture

$100 mil of Apple stock at current market cap is ~0.014% of the company (about one part in 7000).

 

If selling that tiny fraction of a company causes this to happen, then there really is no liquidity in the market at all, is there?

 

What, I wonder, would be the price if you actually had to find real buyers for the whole company, or even a tenth of the company?

Thu, 06/11/2015 - 15:11 | 6187341 Random_Robert
Random_Robert's picture

Looks like a Comex Gold chart at 8:00am EST on any random Weekday...

 

 

Thu, 06/11/2015 - 17:58 | 6188036 malek
malek's picture

The SNB?

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