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Is This The Stock That Set-Off Today's Collapse?

Tyler Durden's picture




 

With some of the biggest hedge funds - including Greenlight, Third Point, Glenview, Lone Pine, Fir Tree, Steadfast, Omega, York, and Canyon - all heavily invested in Sun Edison, we can't help but wonder if the total and utter collapse in the stock from yesterday's highs indicated forced liquidations that smashed it another 18.6% lower today with dramatically escalating volumes into the last hour (when stocks collapsed...)

SUNE is now down 27% from yesterday's bounce highs...

 

Complete Carnage...

 

For all of these illustrious shops...

 

Charts: Bloomberg

 

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Tue, 08/25/2015 - 16:37 | 6469922 Perimetr
Perimetr's picture

Thomas Jefferson was concise in his early warning to the American nation, "If the American people ever allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the people of all their property until their children will wake up homeless on the continent their fathers conquered."

Tue, 08/25/2015 - 16:42 | 6469943 clooney_art
clooney_art's picture

Does it matter anymore ? We are in a glorious downturn and people don't realize the full impact yet. They will soon be "surprised, no one saw this coming". At that time, you look to the person who is surprised and say to his or her face   ---- "Fuck You".

Tue, 08/25/2015 - 16:47 | 6469987 RawPawg
RawPawg's picture

maybe it would be better if you asked the surprised one..hey,how about a selfie of just the two of us...priceless,i tell ya,priceless...

Tue, 08/25/2015 - 17:47 | 6470273 FL_Conservative
FL_Conservative's picture

"Put your hands in the air like you don't care....."

Tue, 08/25/2015 - 17:59 | 6470306 max2205
max2205's picture

Derivatives will save us

Wed, 08/26/2015 - 12:56 | 6473603 Leopold B. Scotch
Leopold B. Scotch's picture

I don't deserve this.... I was building a house.

Tue, 08/25/2015 - 16:59 | 6470049 Bush Baby
Bush Baby's picture

If it all comes apart it will be a bittersweet victory.

We all know a lot of people, friends, family who have their life savings and hopes tied up in this market. Most have no clue what's going on, and they're going to get screwed hard.

Only hope a phoenix rises out of the ashes, should it come to pass.

 

Tue, 08/25/2015 - 17:45 | 6470266 Nikki Alexis
Nikki Alexis's picture

Are these the same people laughing in my face as I told them for the past 6 1/2 years that this is all a sham?  I feel nothing for them, especially after the crashes in 2000 and 2008.  Pure greed

Tue, 08/25/2015 - 17:29 | 6470202 Groundhog Day
Groundhog Day's picture

So many people I want to say fuck you to.

When the water recedes all the ponzi s are exposed as in
SUNE

Tue, 08/25/2015 - 17:39 | 6470244 Gambit
Gambit's picture

LMAOOOOOO +1000!!! Comment of the day!!!

Tue, 08/25/2015 - 16:41 | 6469950 crazybob369
crazybob369's picture

Smart guy that Jefferson, when he wasn't busy screwing his slaves.

Tue, 08/25/2015 - 16:58 | 6470055 Cow
Cow's picture

stupid comment

Wed, 08/26/2015 - 12:58 | 6473617 Leopold B. Scotch
Leopold B. Scotch's picture

Anything that will sully the idea of "liberty" will do.

Tue, 08/25/2015 - 17:01 | 6470070 Bush Baby
Bush Baby's picture

Ha ! - Like you wouldn't be screwing the slaves.

Tue, 08/25/2015 - 19:10 | 6470528 rejected
rejected's picture

And what do you think our government is doing,,, ?

Tue, 08/25/2015 - 20:52 | 6470939 jeff montanye
jeff montanye's picture

excellent.

Tue, 08/25/2015 - 16:42 | 6469954 EscapeKey
EscapeKey's picture

please stop pushing that faux quote. he never actually said that.

Tue, 08/25/2015 - 16:45 | 6469982 atomicwasted
atomicwasted's picture

Totally agree.  It makes us look like idiots to keep pushing known wrong quotes.

Tue, 08/25/2015 - 17:07 | 6470100 AlaricBalth
AlaricBalth's picture

Attributed to THOMAS JEFFERSON. Although Jefferson was opposed to paper money, this quotation is obviously spurious. Inflation was listed in Webster’s dictionary of 1864, according to the Oxford English Dictionary, but the OED gives 1920 as the earliest use of deflation.

Tue, 08/25/2015 - 18:39 | 6470428 Berspankme
Berspankme's picture

I like the one he made when his negro maid came into his chamber- "booty call"

Tue, 08/25/2015 - 16:51 | 6470023 Dr. Engali
Dr. Engali's picture

I don't know what irritates me more, the fact that people keep posting that phones Jefferson quote, or the fact people keep up voting it thinking it's real

Tue, 08/25/2015 - 17:17 | 6470145 baseball13
baseball13's picture

A statement Jefferson made in a letter to John Taylor in 1816. He wrote,

"And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.

Tue, 08/25/2015 - 18:25 | 6470381 Squid Viscous
Squid Viscous's picture

anti semite! and raycist slave owner/fucker!! he hated everyone that wasn't a white, gentile landowner!!

Tue, 08/25/2015 - 19:24 | 6470582 Bazza McKenzie
Bazza McKenzie's picture

Maybe they're upvoting it because it is true.

Tue, 08/25/2015 - 16:57 | 6470037 tgatliff
tgatliff's picture

For anyone who actually cares about facts... Thomas Jefferson never made the above cited statement.  It is from a letter of an unknown source addressed to Secretary of Treasury Albert Gallatin in 1802.

Tue, 08/25/2015 - 16:58 | 6470052 Cow
Cow's picture

Here's the truth regarding that quote:

http://www.monticello.org/site/jefferson/private-banks-quotation

 

Tue, 08/25/2015 - 20:56 | 6470957 jeff montanye
jeff montanye's picture

thank you

Tue, 08/25/2015 - 17:47 | 6470232 reader2010
reader2010's picture

Thomas Jefferson could've been a Jacobin.  Like Lenin,  Jefferson was a revolutionary who was profoundly influenced by the Great French Revolution and firmly believed in grand social violence against those who control the establishment. During the Great French Revolution , the US government banned any books and revolutionaries (even carried out mail censorship) coming to America from France. Jefferson's letters sent home from France (the US Ambassador to France) got censored and some burned too. 

I really like this quote of his a lot:  "The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants."

Tue, 08/25/2015 - 18:52 | 6470470 chubbyjjfong
chubbyjjfong's picture

I rather like the quote TJ made in 1821 when he addressed a hall of dignitaries that had gathered to express concern at the growing hostilities and civil infighting. He said "Fuck you to all banking mutha fuckas.. bitchez"

Tue, 08/25/2015 - 19:05 | 6470510 rejected
rejected's picture

Then why would he and the others can the Articles which held the states and citizens sovereign and implement a constitution that held a strong national government sovereign with the states and citizens subservient? A constitution, I might add,  that was written without any safeguards for the privileges and rights of said citizens. The so called Bill of Rights was added only after some of the more astute states refused to ratify. Then after ratification,,, almost the first thing done was to enact a central bank! That went sour so they enact another! That one got the boot by apparently the only sane person that ever existed in this nation. And as they say,,, the third times a charm. We all bow and lick the Feds boots in the hopes of getting lower rates while it has purchased not only the government, but well over half the assets in the nation with it's worthless paper. 

 

Tue, 08/25/2015 - 19:57 | 6470705 reader2010
reader2010's picture

According to the chief architects (such as Hamilton  and Adams),  the Constitution was absolutely necessary to put "The Beast" (aka the People) back into the cage.  The entire superstructure of the US was established on some sort of hierarchical structure. Hierarchy means top down control and it also means anti-democratic in nature because it excludes people.  In fact,  the Founding Fathers ‘found that by creating a nation, a symbol, a legal unity called the United States, they could take over land, profits, and political power from favorites of the British Empire.

Tue, 08/25/2015 - 21:14 | 6471037 Nobody For President
Nobody For President's picture

Perimetr -why in th FUCK did you get all those down arrows?

I am convinced there are a bunch of paid shills on this list that want to deny history, facts, and almost anything important. Fuick them.

We are fucked.

Audit the Fed.

End the Fed.

Bring back real money.

It is gonna take a hell of a collapse, but it is remotely possible.

Oh yeah, we got to hang Jamie, Ben, most of the Squid upper management, and Jon - let us not forget the Corozine 'vaporizing' the assests of the people who trusted him, that piece of shit - who is know throwing fund raisers for Hittlery

 

 

 

Tue, 08/25/2015 - 16:40 | 6469940 buzzsaw99
buzzsaw99's picture

love it when blackrock takes a bath

Tue, 08/25/2015 - 16:41 | 6469949 KnuckleDragger-X
KnuckleDragger-X's picture

It can't be, Sun Edison is GREEN!!!

Tue, 08/25/2015 - 17:16 | 6470141 arby63
arby63's picture

And they have such a nice website! They're "changing lives" one government handout at a time!

Tue, 08/25/2015 - 16:43 | 6469963 Squid Viscous
Squid Viscous's picture

I heard Cramer say it was safe to start building a position about 40% ago, lol!

Tue, 08/25/2015 - 16:43 | 6469969 buzzsaw99
buzzsaw99's picture

he meant to say 40 years ago

Tue, 08/25/2015 - 16:46 | 6469991 PrimalScream
PrimalScream's picture

Portfolio games.

When do these funds report their results??

Tue, 08/25/2015 - 16:49 | 6470011 curbyourrisk
curbyourrisk's picture

Check out there recently sold preferred convertible bond and where it is trading.  This is in HUGE trouble...

Tue, 08/25/2015 - 16:55 | 6470035 Rainman
Rainman's picture

another solar energy casualty

Tue, 08/25/2015 - 16:56 | 6470045 Proofreder
Proofreder's picture

NO, check the collapse in TWTR beginning at 3:00

The SPY followed in lockstep.

D O W N tomorrow is my call also.  Let 'er rip!

Tue, 08/25/2015 - 16:59 | 6470062 falak pema
falak pema's picture

nowhere to run nowhere to hide; HF nightmare on leveraged plays.

Tue, 08/25/2015 - 17:07 | 6470077 Yen Cross
Yen Cross's picture

  It's not only the direct oil plays that are killing investors, it's all the indirect energy plays that are also getting "bitch slapped" by lower demand and cheaper commodity prices. These clowns are so levered up across the board.

 I mean we're talking about a company with a  Mkt cap of 3.239B  puny

http://www.sunedison.com/

  The system needs a giant enema, so things can normalize.

Tue, 08/25/2015 - 17:03 | 6470078 NaiLib
NaiLib's picture

Cash is getting more and more expensive by the day

Tue, 08/25/2015 - 17:53 | 6470290 Non Passaran
Non Passaran's picture

...and money cheaper

Tue, 08/25/2015 - 21:24 | 6471075 Nobody For President
Nobody For President's picture

No, no,it is not cash - it is dry powder.

Get your definiitons straight.

Tue, 08/25/2015 - 17:04 | 6470085 Cman5000
Cman5000's picture

 Bullish on Cartridge Boxes,Piano wire and Pitchforks. 

Tue, 08/25/2015 - 17:16 | 6470139 Jason T
Jason T's picture

stop paying attention to the ticker and listening to the radio ..  get back to real work.  ..something like that said back in 1930. 

Tue, 08/25/2015 - 17:24 | 6470181 Grinder74
Grinder74's picture

Solyndra?

Tue, 08/25/2015 - 17:46 | 6470271 CHX
CHX's picture

chinese stock syndrome

Tue, 08/25/2015 - 18:10 | 6470332 TeethVillage88s
TeethVillage88s's picture

Most active Decline/Decreased Stocks NYSE

Symbol, Company, Last Sale, Change Net, / %

GLPW, Global Power Equipment Group, $5.49, 1.26 ? 18.67%
SUNE, SunEdison, Inc., $8.80, 1.93 ? 17.99%
POM, PEPCO Holdings, $22.51, 4.44 ? 16.47%
ELS^C, Equity Lifestyle Properties, $26.16, 3.8101 ? 12.71%
GFI, Gold Fields Limited, $2.82, 0.37 ? 11.60%
DSW, DSW Inc., $27.35, 3.52 ? 11.40%
FENG, Phoenix New Media Limited, $3.95, 0.50 ? 11.24%
RYAM, Rayonier Advanced Materials, $6.16, 0.74 ? 10.72%
MN, Manning & Napier, Inc., $8.92, 1.06 ? 10.62%
EVH, Evolent Health, Inc., $16.44, 1.93 ? 10.51%

Read more: http://www.nasdaq.com/markets/most-active.aspx?exchange=NYSE#ixzz3jrmRyXRO

and further down:

CHK, Chesapeake Energy Corporation, $6.03, 0.58 ? 8.77%
TOL, Toll Brothers Inc., $35.08, 2.98 ? 7.83% (RE)

Tue, 08/25/2015 - 19:34 | 6470622 highwaytoserfdom
highwaytoserfdom's picture

buzzsaw99  love it when blackrock takes a bath...  Amazing sexism on Fink who lost 100m for First Boston and invented MBS...     Blyth Masters had nothing over on this clown...  and to think of the pension funds BlackRock controls....      

You have a  whole list of CNBS Welsh propaganda prompted  pin head  wealth destruction clowns...    Love to see crony crooks get their due..... 

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