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Apple Falls

Tyler Durden's picture





 

Major misses everywhere, and this for the second quarter in a row - from the Q3 earnings report:

  • APPLE 3Q REV. $35.02B, EST. $37.25B
  • APPLE 3Q EPS $9.32, EXP. $10.37
  • APPLE 3Q NET PROFIT $8.8B
  • APPLE SEES 4Q REV. ABOUT $34B, EST. $38.01B
  • AAPLE 3Q GROSS MARGIN 42.8%, EST. 43.8%
  • APPLE SOLD 17.0 MILLION IPADS DURING QTR, UNIT EST. 15.4M
  • APPLE 3Q IPOD UNITS SOLD 6.8MLN , DOWN 10%
  • APPLE SOLD 4.0 MILLION MACS DURING QTR, UNIT EST. 4.3M
  • APPLE SOLD 6.8 MILLION IPODS IN QTR, UNIT EST. 6.6M

Third quarter in a row of total revenue declines:

More importantly, in Q3 revenues declined across every geography sequentially:

 

Is the dream over - 4 years of AAPL dividends wiped out in seconds:

However don't cry for Apple: it has $117.2 billion in cash and equvalents: a $7 billion increase in the quarter.

As a reminder, everyone is in this: Nubmer of funds owning AAPL stock

Full breakdown of the 50 most widely held HF stocks per Goldman Sachs:

 


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Tue, 07/24/2012 - 16:35 | Link to Comment bmusic
bmusic's picture

I believe it is.  It will be interesting to see what rumors are generated tonight/tomorrow to save the ship.

Tue, 07/24/2012 - 16:39 | Link to Comment Cursive
Cursive's picture

@bmusic

Rumors?  Easy.  4Q12 will be BLOCKBUSTER!  Benny's got your back!  BTFD!

Tue, 07/24/2012 - 16:40 | Link to Comment veyron
veyron's picture

BTFD.  People holding out for iPhone 5, or so they say ...

 

AAPL will hit 700 when they start accepting EBT cards for iphones ...

Tue, 07/24/2012 - 16:43 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

Apple missed, but doesn't close count?

 

Tue, 07/24/2012 - 16:44 | Link to Comment John Law Lives
John Law Lives's picture

Funny image!

Tue, 07/24/2012 - 17:06 | Link to Comment TruthInSunshine
TruthInSunshine's picture

Sir Isaac Newton, bitchez.

crabnasdapple

 

APPL is both a metaphor for and actual cog in the wheel contributing to the crumbling pillar of the unstable foundation barely supporting equity asset prices (temporarily lifted and dramatically overpriced with help from the radical, unprecedented hot beef injections of trillions in fiat by a batshit crazy fractional reserve banking insane asylum) and false hope in a broad, organic economic turnaround, bitchez. Here's a very accurate, insightful & entertaining explanation of this: JibJab

Priced for Unicorn Perfection.

It's different this time.

Buy Kayak.com unless you're Frank Reardon and banned from doing so.

(very nice work, HH)

 

 

Baby
When your wheels stop turning
And you feel let down
And it seems like troubles
Have come all around
I can hear your heart beating
I can hear that sound
But I can't help thinking
And I won't look now

And then I looked up at the sun
And I could see
Oh, the way that gravity pulls on you and me
And then I looked up at the sky
And saw the sun
And the way that gravity pushes on everyone
On everyone
On everyone

On everyone
On everyone
On everyone

Tue, 07/24/2012 - 17:39 | Link to Comment Fukushima Sam
Fukushima Sam's picture

Fuck yeah, take that you central planning Apple motherfuckers!  Once again the competitors are going to eat your lunch, and this time Jobs won't be around to drum up the zombies!

Only problem is now we're going to have to hear Reggie Middleton gloating about it...

Fuck you, Apple, eat shit and die!

Disclaimer: I hate Apple

Tue, 07/24/2012 - 18:13 | Link to Comment Arnold Ziffel
Arnold Ziffel's picture

Doesn't every 5 year old iKid need three iPads hanging from his belt?

Tue, 07/24/2012 - 22:50 | Link to Comment Vampyroteuthis ...
Vampyroteuthis infernalis's picture

Crapple craps out. All delusions will come to an end some day.

Tue, 07/24/2012 - 23:00 | Link to Comment engineertheeconomy
engineertheeconomy's picture

 Steve Jobs was a sociopath. So are people that think AAPL can go up forever

Tue, 07/24/2012 - 19:52 | Link to Comment Rottenclam
Rottenclam's picture

I like Reggie's articles, but that was pretty funny...and very true.

*gives greenie*

Wed, 07/25/2012 - 00:25 | Link to Comment Freddie
Freddie's picture

I like Reggie too.  He is a million times better than the liar kramer.  TV is shit and for morons.  I do like listening to Reg on RT on the web.

cr-Apple - well this was a big miss so maybe they can start channel stuffing like GM-Obama or Chrysler-Fiat-Obama.

Hey Tyler's - give us a list off all the big holders of CR-AP-ple.   Did Whitney own it?  Paulson?  Like Tylers graph shows - most hedge fund liars own CR-AP-ple.

Tue, 07/24/2012 - 23:04 | Link to Comment lilimarlene1
lilimarlene1's picture

I read an analyst, a Mr. Wu, saying "I didn't take into account the Ipad's margins" or words to that effect.

And I thought "uh oh, margin compression post from Reggie incoming."

Tue, 07/24/2012 - 17:40 | Link to Comment The Monkey
The Monkey's picture

IPhone 5 is coming out, but before is does, the EU may implode, ubber inexpensive models may find the market, etc.

These were weak results. The only one who can put lipstick on this pick is Uncle Ben.

Tue, 07/24/2012 - 19:55 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

AAPL needs a MaxiPad to stem this bleeding when it gets heavy.

Tue, 07/24/2012 - 17:00 | Link to Comment falak pema
falak pema's picture

poor William Tell's son! 

Tue, 07/24/2012 - 16:59 | Link to Comment Jim in MN
Jim in MN's picture

Shades of William S. Burroughs....

Tue, 07/24/2012 - 18:40 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Shades of William S. Burroughs....

Apple's going down, like a big bald head, disappearing behind the boulevard...

...and Sharkey says, "hey, Robotrader, Long time no see!" He says, "hey, tard, you connect the dots, you pick up the pieces."

http://www.youtube.com/watch?v=o3euLzIBSVo

Tue, 07/24/2012 - 19:05 | Link to Comment jonjon831983
jonjon831983's picture

GAME OVER??? I thought the game was to knock the apple ONTO the ground...  Ok, bring up the next guy, I think I know the rules now.

Tue, 07/24/2012 - 21:21 | Link to Comment The Gooch
The Gooch's picture

"mupple"?

Tue, 07/24/2012 - 16:42 | Link to Comment 5880
5880's picture

What does Hilsenrath think?

Tue, 07/24/2012 - 16:43 | Link to Comment HD
HD's picture

 The Fed will let him know what he thinks...

Tue, 07/24/2012 - 17:42 | Link to Comment NotApplicable
NotApplicable's picture

Isn't it Dudley that diddles him like his favorite puppet?

Tue, 07/24/2012 - 18:39 | Link to Comment Michael
Michael's picture

I sense a disturbance in the force.

Perhaps it's the egos of 226 hedge fund managers bashing each others brains in. That much ego exploding all at once can do a lot of damage very quickly.

Wed, 07/25/2012 - 01:32 | Link to Comment The Monkey
The Monkey's picture

226 hedge fund managers will either collude to ensure there is a bid, or, tell one another that, "the price looks good, we're buying more", as they sell.

Tue, 07/24/2012 - 16:44 | Link to Comment Pancho Villa
Pancho Villa's picture

NFLX and now AAPL. Robottrader, say it ain't so!

Also, EUFN is down 10.1% YTD. vs +6.41% for the S&P500. European financials have a good bit of catching up to do if they are going to be the top performing sector of 2012 as you predicted.

Tue, 07/24/2012 - 17:49 | Link to Comment Taffy Lewis
Taffy Lewis's picture

I'm worried that Robottrader might jump in front of that special little bus that picks him up in the morning.

 

Tue, 07/24/2012 - 16:51 | Link to Comment BLOTTO
BLOTTO's picture

Apple - the fall of man...

 

AAPL - the fall of mankind.

Tue, 07/24/2012 - 16:56 | Link to Comment EscapeKey
EscapeKey's picture

Yes, the iPhone will feature 5 new pixels, and a new cup holder, and hence be really fucking innovative and ahead of the curve.

iPhone = underpowered fanboy phone with ridiculously crap multitasking, which plays catch up with leading 'droids.

Tue, 07/24/2012 - 17:13 | Link to Comment geminiRX
geminiRX's picture

I am going to raise my hand shyly and say that I really like my iPhone...even though it's just a version 4.

Tue, 07/24/2012 - 17:38 | Link to Comment eclectic syncretist
eclectic syncretist's picture

iphones are nice, but they've moved from being fashionable to just another electronic commodity with no reason to have a premium priced in, especially since just about everyone who wants one already has one. 

Tue, 07/24/2012 - 17:57 | Link to Comment geminiRX
geminiRX's picture

I own a 5 yr old MacBook pro which i paid a cost premium over the competitors. I gotta admit that I got every penny out of the premium paid. Reliable, no antivirus requirements, no crap clogging the registry, no defragging requirements, and runs as fast as the day I bought it. I agree with zerohedge that the stock has had a good run but stock price has gotten well ahead of reality.

Tue, 07/24/2012 - 20:41 | Link to Comment krispkritter
krispkritter's picture

Boy are you an Apple drone... "no antivirus requirements" Good f'in luck with that or did you miss the implementation of that in the last couple versions of OSX? Or the sweeping under the rug of all the news of the rampant infections of Macs with malware? Keep dreaming of blowing Jobs...you're the kind of iDumbass 5.0 they're hoping for...

Tue, 07/24/2012 - 22:55 | Link to Comment jerry_theking_lawler
jerry_theking_lawler's picture

my niece (an igadget fan...who doesn't have a job and is in school...graduate studies at that) bought a macbook about 2 years ago...gloated about how 'robust', 'fast', 'virus-free' the macs were. got a virus and fried that bitch with all past school work, notes, tests, pictures, etc with no backup. took it to an apple store and they said it was unrecoverable. hah.

you noticed my comment: 'virus-free' the macs were.....

Wed, 07/25/2012 - 09:18 | Link to Comment flapdoodle
flapdoodle's picture

Yeah, but the iPhone 5 will be a 'must have' with all the Apple fanboys as it will come with a vibrator, called the iGerbil

Tue, 07/24/2012 - 17:17 | Link to Comment blunderdog
blunderdog's picture

I don't care for iPhones, but they do have the best interface.  Apple's been doing the one-button mouse thing for 30 years.  They really do have that shit down.

Tue, 07/24/2012 - 17:23 | Link to Comment ebworthen
ebworthen's picture

The iPhone 5 is going to obsolesce every iPhone accessory of the past ten years with it's new connector:  http://finance.yahoo.com/news/whats-dock-apple-shrink-connector-083917831.html

If I had "invested" in the iPhone product stream this would really piss me off.

Tue, 07/24/2012 - 17:25 | Link to Comment Bastiat
Bastiat's picture

But you would deserve it because Apple has been abusing its customers like that forever. 

Tue, 07/24/2012 - 23:15 | Link to Comment engineertheeconomy
engineertheeconomy's picture

But it was worth every penny because he was wearing a black turtleneck shirt. Fucking losers

Tue, 07/24/2012 - 18:54 | Link to Comment tamboo
tamboo's picture

they have a long history of abusing the populace with expensive connectors,

they even used to glue plastic fittings onto usb cords so they wouldnt be compatible with other usb

unless you pry off the damn plastic. takes a guy like joobs to operate like that.

Wed, 07/25/2012 - 02:47 | Link to Comment BigInJapan
BigInJapan's picture

That's classic SONY right there...
Proprietary connectors...

Tue, 07/24/2012 - 17:04 | Link to Comment Agent P
Agent P's picture

"AAPL will hit 700 when they start accepting EBT cards for iphones ..."

I've seen plenty of EBT cardholders with iPhones...there is very little difference between allowing iPhone purchases directly with EBT vs. giving someone EBT so they can use their cash to buy iPhones instead of groceries.

My apologies to all those on EBT who truly need it...I wish you the best and hope things turn around for you.  To those on EBT who fit the scenario above...FUCK YOU!!!

Tue, 07/24/2012 - 22:10 | Link to Comment smiler03
smiler03's picture

I don't understand why "owning" an iphone is seen as something you must not own unless you're wealthy. Any idiot, rich or not, can sign up to $xx.xx per month for the priviledge of "owning" a pretty phone.

Some of us with brains can spend that relatively small amount of money on netflix. ;O)

Tue, 07/24/2012 - 23:21 | Link to Comment engineertheeconomy
engineertheeconomy's picture

You're right. You don't understand.

Tue, 07/24/2012 - 16:41 | Link to Comment SHEEPFUKKER
SHEEPFUKKER's picture

Gee, I wonder if Hilsenrath was privy to Apple's earnings before launching his almost daily Fed ready to act just prior to close Houdini trick. 

Tue, 07/24/2012 - 16:42 | Link to Comment Squid Vicious
Squid Vicious's picture

Apple whoremonger in-chief Gene Munster already talking about lines around the block for the next I-fone ... lol

Tue, 07/24/2012 - 16:44 | Link to Comment financial apoca...
financial apocalyptic contagion's picture

we did it!

Tue, 07/24/2012 - 17:51 | Link to Comment stocktivity
stocktivity's picture

Stores better start their Christmas sales soon.

Tue, 07/24/2012 - 16:38 | Link to Comment ihedgemyhedges
ihedgemyhedges's picture

Save the ship???? MAN THE LIFEBOATS!!!!!

Tue, 07/24/2012 - 16:40 | Link to Comment homersimpson
homersimpson's picture

Tomorrow they announce the new toy called the iShit.. basically it's a shiny, metallic, and slim device that devalues the longer you hold it.

Tue, 07/24/2012 - 16:55 | Link to Comment Unprepared
Unprepared's picture

"basically it's a shiny, metallic, and slim device that devalues the longer you hold it."

 

i$hit = the Dollar?

Tue, 07/24/2012 - 17:54 | Link to Comment NotApplicable
NotApplicable's picture

A dime.

Tue, 07/24/2012 - 16:58 | Link to Comment Cursive
Cursive's picture

@homersimpson

There actually will be another worthless update released tomorrow.  Mountain Lion will be available for download tomorrow.  Be sure to put that on your calendar.

Tue, 07/24/2012 - 17:02 | Link to Comment otto skorzeny
otto skorzeny's picture

sounds like the butt plug I have in now

Tue, 07/24/2012 - 17:18 | Link to Comment rosiescenario
rosiescenario's picture

..does it vibrate?

Tue, 07/24/2012 - 17:25 | Link to Comment ebworthen
ebworthen's picture

lol...I was going to say..."Sounds like a cheap vibrator."

At least with a vibrator you can replace the battery.

Tue, 07/24/2012 - 17:02 | Link to Comment slaughterer
slaughterer's picture

With the global depression and Obamacare, nobody can afford AAPL products anymore.  

Tue, 07/24/2012 - 17:08 | Link to Comment geewhiz190
geewhiz190's picture

companies across every industry group are reporting lower revenues year over year almost without exception. too many leaks in too many places

Tue, 07/24/2012 - 17:19 | Link to Comment FL_Conservative
FL_Conservative's picture

Looks like the hedge fund hotel is gonna have some vacancies.

Tue, 07/24/2012 - 17:36 | Link to Comment stocktivity
stocktivity's picture

Holy Shit! how do all the hedge funds, pension plans, ect all try to sell at once?

Tue, 07/24/2012 - 18:56 | Link to Comment franzpick
franzpick's picture

Watch for the impending AAPL moment, opening down 75-100 points one of these mornings soon, which ought to clear the market for awhile, but with 200 or so funds unable to leave hotel california.

Tue, 07/24/2012 - 17:37 | Link to Comment Gringo Viejo
Gringo Viejo's picture

All things considered, would you prefer holding Apple @ $645.00 or Silver @ $49.00?

Tue, 07/24/2012 - 19:45 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

the silver, hold it until jpm implodes like bear stearns before it.

Tue, 07/24/2012 - 17:54 | Link to Comment Dr. No
Dr. No's picture

Haha.  $170+ billion in the bank and need rumors to save the ship?  Like every american, the only thing we like better than a success story, is a fall from success story.  But a miss by a company sitting on $170B has a long way to fall before they join comany with GM, RIMM, et al.

Tue, 07/24/2012 - 18:39 | Link to Comment Rich Bagg
Rich Bagg's picture

I plan to buy an Iphone 5.  Shalom will print Apple's market cap plus some next next according to Steve Lies-man and Ron "Penis Face" Insana.

Shalom knows what's best.  Don't fight Shalom.

 

 

Tue, 07/24/2012 - 19:15 | Link to Comment spekulatn
spekulatn's picture

I believe it is.  It will be interesting to see what rumors are generated tonight/tomorrow to save the ship.

 

Rumors. No rumors. We don't need no stinkin rumors.

 

The quarter was transitory.  

Upwards we go, bitchez.

Or do we??

Tue, 07/24/2012 - 19:23 | Link to Comment franzpick
franzpick's picture

One morning soon when AAPL opens down 100, the phones will become known as the iScream.

Tue, 07/24/2012 - 21:34 | Link to Comment Buck Johnson
Buck Johnson's picture

They already started on CNBC, also do we know for sure they have 117 billion in cash?

Tue, 07/24/2012 - 22:15 | Link to Comment smiler03
smiler03's picture

I would say that given their sales of shiny shit at ludicrous prices they probably have even more than $117bn.

Tue, 07/24/2012 - 16:35 | Link to Comment smlbizman
smlbizman's picture

maybe jobs was a better accountant, than a visionary

Tue, 07/24/2012 - 16:56 | Link to Comment Think for yourself
Think for yourself's picture

jobs was never a visionary, he was a designer and ceo. The Woz has always been the visionary.

Tue, 07/24/2012 - 17:20 | Link to Comment iDealMeat
iDealMeat's picture

Neither were / are..  They took all the "vision" from Xerox R n' D , who got it from NASA..

"You didn't build that."    get it?

 

Tue, 07/24/2012 - 17:33 | Link to Comment MsCreant
MsCreant's picture

O-bama-nation.

Tue, 07/24/2012 - 22:16 | Link to Comment smiler03
smiler03's picture

WIMPS

Wed, 07/25/2012 - 04:38 | Link to Comment NoClueSneaker
NoClueSneaker's picture

Burrel Smith, Andy Herzfeld, JLG .... etc.

 Jobs went in the history as a narcisstic clown who ripped off his friends, and destroyed a hope for computing being something good for the ppl.

After all, ppl like John Gilmore, Richard Stallman, Donald Knuth and Linus Torvalds will be remembered on the long run. Gateses and Jobses definately not.

Tue, 07/24/2012 - 16:35 | Link to Comment Cursive
Cursive's picture

7/24/12 AAPL just redefined "shitting the bed".

Tue, 07/24/2012 - 16:41 | Link to Comment azzhatter
azzhatter's picture

that was diarhea man

Tue, 07/24/2012 - 16:44 | Link to Comment bdc63
bdc63's picture

Don't Apple me Bro!

Tue, 07/24/2012 - 16:51 | Link to Comment falak pema
falak pema's picture

O'bammy will tell us that for each solar panel sold by his subsidised friend an aapl will be offered to each man who votes for the right man in november. Double whammy for solar apples! 

Tue, 07/24/2012 - 17:25 | Link to Comment kito
kito's picture

i hear rumors that vegas is placing bets................................

what comes first....iphone6 or qe6 ;)...............................

Tue, 07/24/2012 - 17:41 | Link to Comment eclectic syncretist
eclectic syncretist's picture

Call in Corzine as the new CEO....

Tue, 07/24/2012 - 18:49 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Cursive said:

7/24/12 AAPL just redefined "shitting the bed".

"iShitting the bed."

Tue, 07/24/2012 - 16:35 | Link to Comment earleflorida
earleflorida's picture

snappled!

Tue, 07/24/2012 - 16:35 | Link to Comment bob_dabolina
bob_dabolina's picture

Obama upcoming statement:

Bush's fault.

Tue, 07/24/2012 - 16:35 | Link to Comment AccreditedEYE
AccreditedEYE's picture

I've waited SOOOO long for this moment...

Tue, 07/24/2012 - 16:36 | Link to Comment realtick
realtick's picture

Me 2. It's been 2 long, brother.

Tue, 07/24/2012 - 16:44 | Link to Comment AccreditedEYE
AccreditedEYE's picture

Just the beginning... people will realize they're just another tech company and the new thing will come along. For those who try and talk "cash on the balance sheet" to you, remind them that MSFT had the same problem and it sure as hell didn't help them out. Cheers.

Tue, 07/24/2012 - 16:54 | Link to Comment Dr. Engali
Dr. Engali's picture

That's been my point all along. Microsoft was a "cool" happening company until it wasn't. Then the stock got cut in half and it didn't matter how much money they had..it was dead money. Anybody who stayed in this thing after Steve Jobs is a fool.

Tue, 07/24/2012 - 18:10 | Link to Comment notbot
notbot's picture

Anybody who stayed in this thing after Steve Jobs is a fool.

Not to point out the obvious, but you do realize it's up 60% since then?  (Let the hating begin in response to this comment) 

Tue, 07/24/2012 - 18:26 | Link to Comment Dr. Engali
Dr. Engali's picture

Most of that run was based on what Jobs had in place. The question is what next?

Tue, 07/24/2012 - 19:59 | Link to Comment malikai
malikai's picture

I remember this saying from the 90s that went something like "irrational exuberance" or something like that.

Just saying.

Tue, 07/24/2012 - 22:23 | Link to Comment smiler03
smiler03's picture

Nobot, yes indeed about the Jobs +$$$$ effect.

What you need to understand though is that by being in anyway positive about apple is the equaivalent of being slightly skeptical about gold being $5000 next month.

I'll take your downvotes, your post can't. I think AAPL is extremely overpriced slightly more than run of the mill shit.

Wed, 07/25/2012 - 00:56 | Link to Comment Freddie
Freddie's picture

There has been talk about the next big thing being iTV.  TV is now a horrible commodity business but it always has been.  There are not many other niches they can go into.  They are up against the law of large numbers and it always wins.

Wed, 07/25/2012 - 12:28 | Link to Comment notbot
notbot's picture

Engali - that is my whole point.  Anyone who didn't see that AAPL had a lot of runway in their current product portfolio and addressable market (with or without Jobs) was the "idiot."  No offense intended, just mean that passing up a 60% run in 9 months is crazy.  Get out now if you think their product roadmap is exhausted...it trades like water... but it wasn't smart to sell at that time.

Tue, 07/24/2012 - 17:11 | Link to Comment geewhiz190
geewhiz190's picture

anybody old enough to remember when Memorex was the hottest name on the board? anybody?

Tue, 07/24/2012 - 17:17 | Link to Comment Dr. Engali
Dr. Engali's picture

Is it live or is it Memorex?

Tue, 07/24/2012 - 17:22 | Link to Comment rosiescenario
rosiescenario's picture

....as you went south down 101, you knew you were about to enter the soon to be named 'Silicon Valley' when Memorex's sign appeared on your right.....

 

And there was Fairchild, Varian, Monolithic Memories, National Semiconducter, etc. One big difference back then, we made all the stuff here in the U.S. We invented it and pioneered its production and then the corporations gave it away.

Tue, 07/24/2012 - 17:46 | Link to Comment camaro68ss
camaro68ss's picture

Hey, lest traffic for me now.

Tue, 07/24/2012 - 18:58 | Link to Comment Tippoo Sultan
Tippoo Sultan's picture

+1, Rosie. +1.

Tue, 07/24/2012 - 16:49 | Link to Comment SMG
SMG's picture

But CNBC says it's going to 1500.  Why would they try and mislead me? I thought we were friends.

http://www.cnbc.com/id/48301466

 

 

 

Tue, 07/24/2012 - 17:01 | Link to Comment EscapeKey
EscapeKey's picture

It is a conviction buy, as is Bear Sterns.

And Jon Corzine is a good man, who wouldn't hurt a fly.

Tue, 07/24/2012 - 18:47 | Link to Comment Al Huxley
Al Huxley's picture

Well conviction should certainly play a role somewhere.

Tue, 07/24/2012 - 16:35 | Link to Comment lizzy36
lizzy36's picture

Every one of HF's with AAPL as top position just got gut rot, instantly. 2/20 adding value since 2008.

Tue, 07/24/2012 - 16:37 | Link to Comment spastic_colon
spastic_colon's picture

including the S&P

Tue, 07/24/2012 - 18:16 | Link to Comment fuu
fuu's picture

Awww, might as well jump.

Tue, 07/24/2012 - 18:41 | Link to Comment RSloane
RSloane's picture

+10 to you, Sir.

Tue, 07/24/2012 - 19:01 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

fuu said:

Awww, might as well jump.

Go ahead and jump.

Tue, 07/24/2012 - 21:27 | Link to Comment fuu
fuu's picture

The judges would have also accepted: Jump You F*#kers.

Tue, 07/24/2012 - 17:01 | Link to Comment Yikes
Yikes's picture

With Apple being 4-5% of the S&P and 5% down after hours.  Yes, heartburn headed into tomorrow.

Wed, 07/25/2012 - 00:59 | Link to Comment Freddie
Freddie's picture

Isn't CR-AP-ple about 15% if the NASDAQ?  

Tue, 07/24/2012 - 17:15 | Link to Comment Agent P
Agent P's picture

That's the beauty of 2/20...even if you suck, you still get to keep the 2.

Tue, 07/24/2012 - 16:35 | Link to Comment realtick
realtick's picture

Thank God. I thought this nightmare would never end.

Tue, 07/24/2012 - 16:36 | Link to Comment HD
HD's picture

iHappy.

Tue, 07/24/2012 - 16:36 | Link to Comment Piranha
Piranha's picture

iMetoo

Tue, 07/24/2012 - 16:49 | Link to Comment falak pema
falak pema's picture

ibeaujolais

Tue, 07/24/2012 - 17:04 | Link to Comment Temporalist
Temporalist's picture

iToldYouSo

Tue, 07/24/2012 - 17:47 | Link to Comment camaro68ss
camaro68ss's picture

Iappled the bed

Wed, 07/25/2012 - 01:31 | Link to Comment Freddie
Freddie's picture

iHopium

Tue, 07/24/2012 - 16:39 | Link to Comment Yikes
Yikes's picture

iFlush

Tue, 07/24/2012 - 16:41 | Link to Comment Arie L Ultra
Arie L Ultra's picture

Ihype

Tue, 07/24/2012 - 16:46 | Link to Comment Ineverslice
Ineverslice's picture

iWorms

Tue, 07/24/2012 - 17:05 | Link to Comment flapdoodle
flapdoodle's picture

iRan

Tue, 07/24/2012 - 19:26 | Link to Comment Karl von Bahnhof
Karl von Bahnhof's picture

iApplied.
For food stamps.

Tue, 07/24/2012 - 16:36 | Link to Comment spastic_colon
spastic_colon's picture

i couldnt have been more wronger

Tue, 07/24/2012 - 16:36 | Link to Comment Xibalba
Xibalba's picture

The world is broke...the bankers stole it all.  And bankers still use the crackberry. 

Tue, 07/24/2012 - 16:36 | Link to Comment Jason T
Jason T's picture

The rollover has begun.  The golden age of high corporate profits is over!

Tue, 07/24/2012 - 16:42 | Link to Comment homersimpson
homersimpson's picture

Well, in all fairness, generating 8.8 billion in a quarter can still buy a lot of politicians for a very long time..

Tue, 07/24/2012 - 16:36 | Link to Comment distopiandreamboy
distopiandreamboy's picture

AAPL's earnings are postively correlated with student loan disbursements.

Tue, 07/24/2012 - 16:41 | Link to Comment devo
devo's picture

Yep!

And new credit cards.

Tue, 07/24/2012 - 17:31 | Link to Comment pursueliberty
pursueliberty's picture

They will plan a realease when fall student loans hit the bank accounts in early september before all the money is spent.

Tue, 07/24/2012 - 16:36 | Link to Comment BigMike
BigMike's picture

GAS UP THE COPTER BEN!!!!!!!!

Tue, 07/24/2012 - 16:36 | Link to Comment Conman
Conman's picture

Now we know why the Fed released hilsenrath at 3:55.

Tue, 07/24/2012 - 16:37 | Link to Comment Dr. Engali
Dr. Engali's picture

No last minute rumor from Hilsenbarf will save this pig tommorow.

Tue, 07/24/2012 - 22:07 | Link to Comment Bringin It
Bringin It's picture

iHopeSo

Tue, 07/24/2012 - 16:38 | Link to Comment tu-ne-cede-malis
tu-ne-cede-malis's picture

Hedge funds just got lit up...

Tue, 07/24/2012 - 16:56 | Link to Comment bdc63
bdc63's picture

you just wait ... they will all claim to have gotten out of the name at the very very tippy top, and it was all the 'dumb money' that got seared ...

Tue, 07/24/2012 - 16:37 | Link to Comment Mr Lennon Hendrix
Mr Lennon Hendrix's picture

As AAPL is a leading indicator, we must have re-entered a recession.

Tue, 07/24/2012 - 16:43 | Link to Comment papaswamp
papaswamp's picture

Bingo sir ..bingo

Tue, 07/24/2012 - 17:16 | Link to Comment camaro68ss
camaro68ss's picture

hahaha, I love this F*ing web site!

Tue, 07/24/2012 - 16:58 | Link to Comment bdc63
bdc63's picture

No, no ... you don't understand ... it is only a leading indicator when it is going up ...

Tue, 07/24/2012 - 16:38 | Link to Comment ryoma
ryoma's picture

On to Face Plant!

Tue, 07/24/2012 - 16:38 | Link to Comment slaughterer
slaughterer's picture

Glad we are short 53,250 shares.  

Tue, 07/24/2012 - 17:29 | Link to Comment spastic_colon
spastic_colon's picture

at an average of $250?     joke.....joke......don't shoot

Tue, 07/24/2012 - 16:38 | Link to Comment Randall Cabot
Tue, 07/24/2012 - 16:41 | Link to Comment falak pema
falak pema's picture

newton's law!

And HF's barbecue!

Its time that others burnt apart from the sheeple in greece and spain!

May these HFs rot in fiat hell! 

Tue, 07/24/2012 - 16:39 | Link to Comment tmosley
tmosley's picture

Anti Claus is comin' to town, bitches.

Tue, 07/24/2012 - 17:16 | Link to Comment RSloane
RSloane's picture

Now that you finally included the word "bitches" its +1 for you.

Tue, 07/24/2012 - 16:39 | Link to Comment Central Bankster
Central Bankster's picture

See you guys at sub 500.  I will be adding puts tomorrow.  Hope it doesn't fall too hard tonight, I don't want to pay much for otm puts.

Tue, 07/24/2012 - 16:39 | Link to Comment pods
pods's picture

Ouch, miss their top line estimate by 6%?  That's gonna leave a mark.

pods

Tue, 07/24/2012 - 16:39 | Link to Comment azzhatter
azzhatter's picture

Hard to say if it's over. Things are "cool" until everyone has one, then people start looking for the next cool thing. Rotation I believe they call it.

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