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Presented without comment as the iconic tech firm of our time loses the somewhat satanic $555 lows of pre-earnings taking the firm back to two-month lows and dragging the rest of the market with it...
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Houston we have hit a wall.
Repeat after me:
This time is different.
This time is different.
This time is different.
This time is...
Time to move on to the next fruit I guess
Nope, time for QE3, bitchez!
jklol
FOMC minutes tomorrow. This could be the washout before Ben sprinkles his fairy dust.
BTFD (Buy Tomorrow's Fairy Dust)
Trickle-down debtonomics.
Nothing tricklish about how the debt flows. More like an avalanche.
Dude, don't joke around like that. Now Governor Moonbeam has to send a personal assistant out to get him a fresh pair of jockeys.
Let's have a bunch of us put that on Twitter and watch the markets flash crash.
You do realize institutions can't get enough of FB, right? Watch it pop on Friday, as much as its irrational to say, over the $100bn mkt cap mark.
s/pulled/pushed
Lets see...
We have A for AAPL, B for our Banana Republic and C for... for, um... Cocaine? Change? Chunky Monkey? Wait, that's ice cream...
cokeNwhores, Bogota style
"Time to move on to the next fruit I guess"
Take your pick: www.super-fruit.net
You mean Samsung (exotic berry)...
chase covers losses via selling oil and apple:)
Well, we did Blackberry...a small, delicate fruit that is easily squashed. We did Apple, a fruit (symbolic of America) that is easily bruised and once bruised becomes rotten to the core. So what does that leave us with? How about a fruit that for once represents reality...the durian. It's big, ugly, covered in spikes, and stinks to high hell. Anybody care to market the Durian brand smartphone?
CaptainObvious :
Well, we did Blackberry...a small, delicate fruit that is easily squashed. We did Apple, a fruit (symbolic of America) that is easily bruised and once bruised becomes rotten to the core. So what does that leave us with? How about a fruit that for once represents reality..
Grapes, wrath. (Literally read that as: GRAPES comma WRATH)
In a few months now ....
there are no fruits on wall street
Or Iran,
I remember president Ack mah dinner jacket
Saying that once.
Where's the volume :/
Where's Top Calling Troll this week?
I got your volume right here.
Who could have predicted this?
even Jamie saw this coming.....
Not me, long and wrong again. FUUUUUUU
So both original investment ideas and profile pictures then?
mad skillz
And GM just dumped Facebook ad services. Not effective.
ALL HAIL THE NASDAQ!!!!!!
Their product never was effective. If you can't track your CCP into actual sales, it's a shot in the dark on how you're doing. A 20% click-rate is not that bad. If they want to improve it then they need to use effective tactics to do so. To simply stop using FB ads and claim it is in-effective is a reduction fallacy. They simply lack the personnel to use them effectively.
Oooohhhhh yeah! That hot brunette I wanna fuck just uploaded bikini pics! Oh hold on, what's this? A GM vehicle for $199 a month? Fuck the bikini! I'm clicking the GM ad!
Is that what you believe is happening?
More and more people using FB on mobile devices, not prone to clicking ads.
And for the record, I'm not much of a FB guy, but I have never, not even once, clicked on an ad on FB.
I don't even look at them.
There are ads on Facebook?
What's Facebook?
I do not have complete records from your time. Much was lost. The best I have been able to determine is that 'the FaceBook' was a movie, or a massively-parallel software game based on a movie.
It became popular just before the Last War.
I have never been on FB but it tracks me on every page i go to.
Users clicked on their ads but then quickly realized GMs cars are not compatible with Farmville and did not complete a purchase....
That's it, they just need to cross-promote with Zynga. Buy a new GM via a Facebook ad, and unlock a unique quest and upgrade for Farmville!
BULLISH !
Fracking brilliant article title ... ZeroHedge rules
Apple @555 Gld @ 1550
which one holds?
Looks like AAPL won, Gold 1546...
Yup. what happened to those appl margin calls?
AAPL 553.05...552.73.
20 minutes to go, will they pop or poop?
Yeah I see and I hate fkin aapl but....
ABX SLW EXK GDX etc. etc. etc..
The juniors are being obliterated, lots of -12% and over moves.
Man, those poor fucking commercials in the gold market - closing so many of their short positions and taking the long side of the trade right at the start of what's sure to be a massive leg down - taken to the cleaners by the spec's again. When will those nutty bullion banks ever learn to follow the trend? /sarc
Al please expand on that. You referring to the miners? Because this has already been a big fkin leg down.
I was actually referring to the commercial short and long positions as reported on the Commitment of Traders report. Commercial traders are always net short, partly because they write the calls to sell to the speculative longs. At gold peaks they're typically 3:1 short to long. Right now (as of last Tuesday) they're 1.55:1 short to long, which is as low as I've ever seen the ratio. So odds are that now's closer to the bottom of the drop in gold rather than the start of a big leg down (hence the /sarc notation).
As for the miners, I'm ambivalent. There are a couple I like, that have been sold down beyond all reason (baby out wiith the bathwater kind of thing), but the majors seem to suffer from massive incompetence for the most part, and a lot of the juniors have been overpromising and under-delivering for so long that the sector is kind of getting what it deserves. That said, I still think they're overdone and I'm pretty sure the really big leg up is still to come.
Many thanks
" and a lot of the juniors have been overpromising and under-delivering for so long that the sector is kind of getting what it deserves. That said, I still think they're overdone and I'm pretty sure the really big leg up is still to come."
Just had a huge move up, this leg down was coming, pretty ugly out there today though. Look at the fundamentals, lots of juniors have great prospects if gold holds above 1200.
Algo logic = Alcoholic
You can only realize profits if you SELL.
unless your TBTF
If God is 777 and the Devil 666, then Man must be 555
---The Pixies
This apple's goin' to heaven
Goldman selling their AAPL stake to their customers....The street wins again, myyy prettyyyyyy
Ok, I have a trick question for you, who's triple 8?
Elvis
Money to pay for purchasing facebook shares has to come from somewhere (tech sector... possibly a stock that had a large run up?)
Dig up Jobs and put a pair of sunglasses on him.
There's an app for that
CNBC is so horrid - between the Facebook bashing that clearly someone "at the top" of this infommercial channel ordered the paid talking heads to spew about . . . now the breathless "A new breaking announcement that 700 million Euros have left Greece for Bunds etc . . . is it a run?" You morons, this has been going on for well over a year. And really. 700 Million? That isn't even 3/4 of a Billion. Particularly pathetic programming today.
Pathetic shills.
If Man is 5...if man is 5... if man is 5... This monkey has gone to heaven
Quick, tell the Chinese slaves at Foxconn to make us a Golden iPads stat!
TD; any truth that JPM is dumping silver (and gold) to cover their losses in the CIO?
Someone please tell you've been selling calls the last month and pocketing the premiums?
AAPLberrrrrrrrrrrr!
Newton's AAPL...
man gold is taking a dump at the moment....better get my janitor clothes on and clean up this mess, there craaappll everywhere
btw: Krugman says this is bullish
:( Gold Longs
:( paper gold longs :) physical gold longs
Gold miners currently showing strong support around 0. Keep an eye out for a buying opportunity...
LOL - I'll wait till they trade in the negatives, thanks. Although I might get on board DUST (3x gold miners bear). Looks to be the first stock/fund in history destined to go straight up forever without correction.
Nah, they'll TVIX it. Dust down 20% in a day while GDXJ crashes to the $8 range.
Physical disconnect picking up pace 3i7cHeZ
Then Steve Jobs must be 888
Only if he comes back as Quetzalcoatl
What the eff happened around 3 PM EST that tanked everything? JPM news about the feds?
GM will no longer advertise on FB. Not effective
the PPT guy that punches the Buy buy buy all day must have fallen asleep.
it is GOOD news that the fbi is investigating. i'm not sure why, but i'm sure it is good!!
That's the Facebook IPO fucked.
DavidC
Good thing they upped the IPO price. Second round of BATS bitchez!
Go ahead, bite the big crAAPL, don't mind the maggots.
+1 for a Stones reference.
BTFD
Jopamites are unwinding their positions
2 days in a row
Fuck JPM
damnit i plan on shorting fb as soon as they go public. why couldn't the GM news come next week
Don't you need to wait a few weeks before you can short a new stock anyway?
I thought that was a story about the crashing gold but no, not here. Can gold survive the death of the euro? It doesn't look like it.
Seriously, gold is the worth thing to hold in 2012. All the people who claimed that gold was good in times of crisis have lost all credibility. That doesn't make the Fed right, but gold is really terrible when a fiat currency dies. Apple is probably better, making good products that people buy.
You bet! As I said above, I sure pity the poor fucking bullion banks who've been closing out their short positions and going long at a record pace, RIGHT AT THE START OF GOLD's NEXT BIG LEG DOWN!!! Wow, those poor bastards, always getting fleeced by the spec trade /sarc
Why is the price still going down?
I price my income/assets in ounces troy ... I got a raise this week.
LOL, umm, no. What happens is the commodity will go down for a period, as long as the dollar stays up, when the dollar goes, guess what goes bezerk? See gold is about investing , not gambling. You can actually buy and hold gold, unlike your silly tech stocks which are based on a few people renting some space in some office building. There is nothing to them, they can go poof in a second. Gold has , lets see a solid history going back to all our history.
In uncertain times do you invest your future on a proven commodity, or some hipsters in an office with a fad, an idea, and a few computers.
They don't even have computers these days. They rent virtual machines in Amazon's "cloud".
There is literally nothing there.
Bastiard...
Right. Why own physical gold when you could own Apple stock..??
Uh oh..pump failure
I shorted Pandora at 10AM on their IPO through InteractiveBrokers. My other broker (Optionshouse) was like "no you can't short pandora". IB was like "fire away"
I have to call a spade a spade here. Aapl barely budged. The market is taking a shit and the metals are taking a bigger shit. Market probably closes green with the metals still in the shitter.
Doubt that, looking at the action and theres no chance for it to close green today. No dip to buy today - the rules are the dip has to be bought on opening dip pre euro close.
I think the fed has a rule that they only come in to buy up a bunch of ETF's if the market is way down before noon. Too little too late for illegal fed intervention today.
i am sure that rule is being changed as i type this
You play by the PPTs rules or you get out!
3:30 meltups are only for no volume, slow grind up days. sheesh people havent you been paying attention all year. This market is so predictable its not even funny- but profitable for those who play along.
Did you sell physical ozt today? I have more than I started the day with. #winning
morgan stanley about to take out the 14 handle... ouch , seems like yesterday that doosh CEO was crowing about how much it was up off the lows
What Biderman said: people are selling some of their assets to buy FB IPO since they have no cash. Explains why dollar is going up too.
Is AAPL's performance a forecast of Consumer Confidence on the 29th?
next you'll be telling me that a myspace, umm I mean facebook which has peaked and makes 1 billion a year isnt worth 100 billion.
Im waiting on a groupon for the facebook IPO. Big savings, oh thats right, groupon is........
I just bought some zynga puts. Hopefully people pull money out of that unprofitable company to invest in facebook.
zynga, facebook, groupon, linked in, apple. In 10 years people are going to look back at these stocks and think. WTF were we thinking. Sort of the way you look back at old photos and look at your hair and clothes choices.
Uh we already had a .com bubble. People don't learn.
This is the social networking bubble. Entirely different thing.
exactly! how do you count ad clicks at the flea market once everyone is reduced to gruel and hand me downs.
My aapl to $525 call when it was at $600 is right on target. I still have the DJ moving to 12,225 before Bernanke does his next thang, too. Trade is in line. Have at it space monkeys.
who the fk is buying the market at the close here? What a fkin total joke. I would love to know who is jumping in here at this point in time. Funny stuff.
Well it's not green but they left the metals in the dust. Mission accomplished.
looks like the gold chart
Ha ! Even though Bernanke's secretary pushed the "Transmit" button in her boss's iB account at 10:30 par usual (aka "fed open market operations"), Beezelbub awoke from his dogmatic slumber (perhaps an alert from his ZH RSS feed) and took a flaming '9 circles of Hell' dump at noon.
CNBS is blaming reports of money leaving the Greek banking system for the late-day plummet. If so, looks like that money went into GOOG, ouzo and UUP, the only big things up today (aside from lovely inverse funds).
The GOOG uptick is likely bad news for the Fakebook IPO -- with GM taking their advertising dollars elswhere, Gaybama may be the sole big advertiser left -- perhaps videos of Geithner telling us "a lower market is cheap, and that's good, because more people can afford it." Only Dumbo had bigger ears.
GM pulls the plug on Facebook advertising -
e.wsj.com/article/SB10001424052702304192704577406394017764460.html
Apple pretty much has two products: the iPad and the iPhone.
And who is Apple relying on to buy their fucking iCrap? The completely broke, debt-loaded U.S consumer who, as we've confirmed over and over again, is loading up on debt to maintain their current standard of living.
What the hell is Apple going to do? Have financing options on their iPads and iPhones? They're going to have to if nobody has the financial resources to purchase their iShit.
I see a calamitous end to all of this virtual bullshit in the near future. Not just Apple. It'll be Facebook, Zynga, LinkedIn, Groupon; all companies who rely on consumers to purchase the products from the companies who bought ad space.
FUCKING STUPID.
Hello Apple sells more Macs than ever and will continue to do so as increasingly more people make the switch from PC to Mac. Then you have Apple TV coming out... Don't worry they'll do fine. Can't say the same about others. You can see right away who the Windows users are lol.
You say that as if you're completely confident that Americans/Westerners have been buying these products from their stashes of sparkling new cash in their savings accounts.
Apple TV and Macbook Air are not going to save Apple.
I guarantee it.
What a sad little fanboy you are. Macs will never be more than a tiny little niche market for users with more money than brains. I know it hurts you terribly, but go back and read Reggie's research on Apple. You might actually learn something.........but I doubt it.
you will learn that reggie has been dead wrong about apple, as well as this site, apple had fantastic earnings, apple has been due for a pullback, reggie's unit sales were wrong , margins were wrong, and most recently he was totally lost on the growth of apple in china, so why don't you learn something and compare reggie's numbers with actuals? why don't you do that, instead of regurgitating nonsense from something you read that has been consistently wrong, this stock will need to go to 150 for reggie to get his credibility back on apple, so far his call has been a money loser.....idiot
TV is an absolutely horrible market to be entering right now. I have two televisions that I haven't been able to give away, that's right, free TVs. I'm going to have to resort to organizing a "Shoot Your TV Day" at one of the local ranges to get rid of them. Market share shrinking all over, people waking up en masse how much of a liar their TVs are.
Why, this AAPL news is just as unexpected as the dot com bust, the tech wreck, and housing blowout were! Only a superhuman could have detected the Bubbles forming in them! Only a superhuman could possibly have detected one forming in AAPL and nasdaq in 2012, right? Jim Cramer said Buy: so what could go wrong???
So it's extra amazing how every two-bit Paper 'Tard (and their brother) who couldn't see jack sh*t in any of those transparent bankster contrivances can always seem to sniff out a "bubble in gold" like a Blue Tick Bloodhound on a mangy 'coon.
Bizarro World, my home.
People were going to sell AAPL stock at some point after the run the stock has had. Profits should be taken lest they evaporate.
"The Fruit of Knowledge has met its Societal Match?"
It takes a very special apiary bee to pollinate the aapl's money tree - does it not? Sadly, the iBee's are in disarray. Their homing mechanism has been hijacked by a hybrid orchard of 'Floral FaceBook's' that substantiates the iFruit decomposition,... having a falling out with the flower du`jour, deep in the iconic valley of infatuation for a less pithy fragrance of hive solidarity?
What's parabolic in reverse - gravity.
APPL follows its index well - NASDAQ100 - most weighting here.
NASDAQ100 isn't looking so healthy.
http://bullandbearmash.com/chart/nasdaq100-daily-14-2012/
1 word Verizon 4GLTE
Fortunately I grew up during the original tech bubble. It's made me quite resistant to the Apple and Facebook hype.
I look around, shake my head in amazement, and buy the fucking dips in gold.
One bad aapl spoils the barrel.
One bad apple spoils the whole damn bunch
boy
long silver..
till the end..
why always pick on APPLE? as the WSJ noted "WIndows is antiquted technology"-ie the dinosaur in the last throes of death; APPLE are the mammals slowly taking over while the last of the lizards die off
Maybe because my designed and $$$ MacBook Air does indeed crash more than my generic, but cheap Toshiba lapdog with Windows 7?
Then there is the directly annoying stuff:
Java doesn't work and Apple/Oracle - I don't really give a shit who - cannot be arsed to fix it. In general many MacOS applications have the look, feel and level of support one gets for gratis on Linux: Lots of dedicated users with opinions but nothing verified and ducumented. Generally, there is not much information on how to fix anything from Apple, "support" seems to be "We got your money already, now go Google it yourself - Cunt!"
Maybe people just realise: "Shit, I went and paid extra for this?", "I thought this would just work"?? The Buying Apple Experience is like having voting for Obama and then slowly being forced to realise that he is at the same time more evil than Bush and more effective at being evil!
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