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Green AAPL Turns Red - Loses 1 Sony!

Tyler Durden's picture




 

UPDATE: As we said - $660.14 VWAP was support

After a few explosive days of performance-chasing desperation in the hedge-fund hotel stock of the decade; everyone's new favorite stock AAPL just did something odd - it traded down! after almost touching $675 just after the open, we are now back below $665 after tsting VWAP and selling back down on heavy volume - small doors, large crowds. Next stop $660.14 (yesterday's VWAP). The drop from the highs is equivalent to losing one entire Sony market cap...

 

and the next support levels (via VWAP)...

 

And on a longer-term basis - we have seen a rising average trade size in recent days and a rather notable professional trading activity day (h/t @eminiwatch) yesterday...

 

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Tue, 08/21/2012 - 11:03 | 2723830 slaughterer
slaughterer's picture

We are on the exact same page, ZH.   We are massively shorting the AAPL death star today. 

Tue, 08/21/2012 - 11:05 | 2723841 diogeneslaertius
diogeneslaertius's picture

PROTIP: attack its weak point for massive damage

Tue, 08/21/2012 - 13:19 | 2724348 whstlblwr
whstlblwr's picture

Fuck you Wall Street slime. Many here don't agree with me on value of FB, but this naked shorting shit is criminal.

"So to Mr. Zuckerburg-and to all your young co-workers, and to all the investors who believe in Facebook-a grand welcome to the very tawdry world of Wall Street. You can continue to stand by and watch this happen over and over again, or you can play a major, even decisive role in stopping this singularly brazen heist.

Mr. Zuckerburg, it is your call.

One more lick: Is it any wonder that the investment public is abandoning the stock market?"

http://seekingalpha.com/author/dr-john-faessel/instablog

Tue, 08/21/2012 - 15:47 | 2725002 I am a Man I am...
I am a Man I am Forty's picture

It doesn't help when the smartest director has sold 37 million shares, but I digress.  FB is still overvalued, apple makes 50 times more money than facebook.

Tue, 08/21/2012 - 11:41 | 2723961 AlphaDawg
AlphaDawg's picture

Good luck mate, make sure you cash out and dont hold too many funds with your broker tho.......remember Mr J. Corzine

Tue, 08/21/2012 - 12:09 | 2724061 spastic_colon
spastic_colon's picture

now 2 Sony's.....shall we say 3

Tue, 08/21/2012 - 11:04 | 2723837 JeremyWS
JeremyWS's picture

Red $AAPL's taste nicer!

Tue, 08/21/2012 - 11:08 | 2723856 tocointhephrase
tocointhephrase's picture

Pink Lady for me, bit of red and a bit of green, kinda like the metals, bit of Silver (a lot of Silver) and a bit of Gold

Tue, 08/21/2012 - 13:25 | 2724380 ZeroAvatar
ZeroAvatar's picture

I'll take the 'Golden Delicious'.

Tue, 08/21/2012 - 11:05 | 2723839 Lost Wages
Lost Wages's picture

I prefer the red delicious to the green granny smith.

Tue, 08/21/2012 - 11:06 | 2723840 Spastica Rex
Spastica Rex's picture

I bet it goes right back up. Why not?

Tue, 08/21/2012 - 11:42 | 2723967 AlphaDawg
AlphaDawg's picture

probably man

Tue, 08/21/2012 - 11:45 | 2723978 max2205
max2205's picture

cup and handle on the weekly chart...no worries

Tue, 08/21/2012 - 11:07 | 2723847 slaughterer
slaughterer's picture

Sell! Get out! Hurry!  Red AAPL has worm in it. 

Tue, 08/21/2012 - 11:06 | 2723850 magpie
magpie's picture

So how much of the EU banking sector can you buy with AAPL market cap ?

Tue, 08/21/2012 - 11:09 | 2723859 slaughterer
slaughterer's picture

Wait until AAPL breaks 660.12.  Watch and see. 

Tue, 08/21/2012 - 11:47 | 2723983 AlphaDawg
AlphaDawg's picture

U gonna get squeezed

Tue, 08/21/2012 - 11:12 | 2723865 _ConanTheLibert...
_ConanTheLibertarian_'s picture

AppleFaceBergBookHaHaSorryLame

Tue, 08/21/2012 - 11:12 | 2723867 user2011
user2011's picture

Correct me if I am wrong, I thought recent data shows samsung beat apple in iphone sales.   And China is showing weakness in the Iphone and Ipad sales.   Seems to me, the hype is becoming old.

Tue, 08/21/2012 - 11:15 | 2723876 slaughterer
slaughterer's picture

AAAAAAAAPPPPPLLLLLLLLGGGGGGHHHHHHH! Lol.

Tue, 08/21/2012 - 11:17 | 2723882 slaughterer
slaughterer's picture

Usually the generals are killed last.  Guess not this time. 

Tue, 08/21/2012 - 11:24 | 2723893 Dr. Engali
Dr. Engali's picture

It's all good. It may lose one Sony today but it will probably put on a General Electric tomorrow.

Sarc/

Tue, 08/21/2012 - 11:25 | 2723899 magpie
magpie's picture

If it falls further, it will be falling equities, dollar and bonds...

Tue, 08/21/2012 - 11:28 | 2723912 YesWeKahn
YesWeKahn's picture

Soon, it will lose a fartbook.

Tue, 08/21/2012 - 11:29 | 2723915 SmoothCoolSmoke
SmoothCoolSmoke's picture

There goes 660.  Hmmmmmmm.  This IS intriging.

Tue, 08/21/2012 - 11:30 | 2723920 slaughterer
slaughterer's picture

Market chatter:

Nancy Pelosi is selling her AAPL today. 

iPhone 5 will not get you laid.

iTV has an anti-porn microchip.

 

Tue, 08/21/2012 - 11:31 | 2723925 Meesohaawnee
Meesohaawnee's picture

well ya know. something about nearly 100 per on crude takes away from fools buying the IPHONE 5? naaah. i phones and texting your friends all day are more important than gas for getting to work right? Hows it feel to get that big giant dildo up your ass from wall street again amerika? no problems here. move along.

Tue, 08/21/2012 - 11:32 | 2723929 slaughterer
slaughterer's picture

Well, the algos hit our Buy to Cover stops.  Fun over.  AAPL rally can now proceed. 

Tue, 08/21/2012 - 11:49 | 2723987 AlphaDawg
AlphaDawg's picture

haha

Tue, 08/21/2012 - 12:36 | 2724158 Mark Carney
Mark Carney's picture

LOL, you did your best mate and did not loose your face to Bernak today.  Live to fight another day.

Tue, 08/21/2012 - 11:37 | 2723947 kevinearick
kevinearick's picture

the only thing dumber in ca is wine, and only vermont has a dumber economy than ca.

Tue, 08/21/2012 - 11:38 | 2723950 morning_glory
morning_glory's picture

Shame, I always liked Sony stuff.

Tue, 08/21/2012 - 11:38 | 2723952 ATG
ATG's picture

For what it's worth Dept:

Options Overnight bought Sep SPY Puts an hour ago:

http://richcash8tradeblog.blogspot.com/2012/07/rich-cash-overnight-options.html 

Tue, 08/21/2012 - 11:39 | 2723954 williambanzai7
williambanzai7's picture

I am amazed Sony is worth that much...

Tue, 08/21/2012 - 11:49 | 2723985 adr
adr's picture

Sony arguably makes better products than Apple. The new Walkmans are far superior to Apple products and cost half as much. Even a shitty $35 Sansa Clip has better sound than a $300 iPod.

People think the iPhone4s camera is good. Any Cybershot phone from Europe or Japan puts it to shame, let alone the Nokia Pureview.

Americans think Apple hardware is the pinnacle of electronic engineering. It's too bad most don't have a clue what they are looking at if they tear a computer open. With Apple you find $80 worth of shit Chinese parts you just paid $600 for.

Tue, 08/21/2012 - 12:18 | 2724092 SmoothCoolSmoke
SmoothCoolSmoke's picture

Ipods suck.  No bass.

Tue, 08/21/2012 - 16:57 | 2725287 I am a Man I am...
I am a Man I am Forty's picture

Now if they could just sell some of those products that nobody owns they would be on to something.

Tue, 08/21/2012 - 15:55 | 2725035 I am a Man I am...
I am a Man I am Forty's picture

No kidding Banzai, I've tried to tell these people, seriously, I've tried.  Sony's profit is -$6B.  They probably should be bankrupt, so worth nothing.  That's TD's comparison.

Tue, 08/21/2012 - 11:41 | 2723963 max2205
max2205's picture

I'll see your SONY and raise you 30 GM's

Tue, 08/21/2012 - 11:44 | 2723966 brace_brace_brace
brace_brace_brace's picture

On a side noter Best Buy assholes are toast. Earnings down 91%. Motherfuckers how can you survive with no margin. They killed all small shops now they are out. Burn baby burn. I hope Wallmart assholes burn in hell too. Those are the guys that sold this country out on a wholesale basis. 

Tue, 08/21/2012 - 11:51 | 2723992 Meesohaawnee
Meesohaawnee's picture

dead on brace.. whole corporate America has totally sold the soul and its government has enabled it.. They keep tellin ya aah profits are good. Its complete bullshit. Nobody gets the profits except corp insiders with options. Gordon Gecko said in the movie Wall street...   "America will destory its self from within".. How prophetic huh? and that was from over 20 years ago. tells ya someone knows something.

Tue, 08/21/2012 - 15:07 | 2724882 dolph9
dolph9's picture

I know that movie like the back of my hand.  Gekko said many things, that was not one of them.

Tue, 08/21/2012 - 11:55 | 2724010 adr
adr's picture

No margin, ha that's funny.

Go try to sell a product to Best Buy, Walmart, Target, Dick's, or any other big box store. When they ask you for 70% margin, try saying no and tell them to take 20%. You won't even see the buyer exit the room he'll be going so fast.

Margin isn't the problem. It is overhead and the corporations cannibalizing themselves by overbuilding. I can shop at 5 Best Buys within 20 miles of me. 15 years ago there were two Best Buy stores within 40 miles.

Amazon isn't the answer either. There is no such thing as losing money but making it up on volume as a business model. Amazon isn't a retailer, they are a stock scam printing cash for select investors, and working as a clearing house for counterfeit merchandise to launder money for corporate terrorists.

Tue, 08/21/2012 - 12:01 | 2724033 brace_brace_brace
brace_brace_brace's picture

Best buy used to sell with 1 or 2% profit margins. Tell it to Panasonic, Sony etc. Some cases even below cost in the name of killing the competition.  I remember years ago i was makingh memory chips for computers in the East coast and had some electronic stores. Back in 1994 when best buy came to town i had to close because i could not work with their margins. They all go away eventually, circuit city, compusa etc. Also you can not open an competitor store in the shopping centers they are in. Monopoly. Walmart is doing the same thing to supermarkets and drug chains now. Watch walgreens, cvs, vons etc in the coming years. They will all go away. Remember what Wallmart did to Rubbermaid? Bankrupted them. 

All these corporations can do all this because they play with others money. Not their own money. I can not compete with my own money when I have a store. I have to close shop and work at wallmart as a greeter at the door, so we become their slaves eventually. Look around you. Madein China shit eveywhere in wallmart or other stores for that matter. How big is too big is the question. You have to put limits on the corporations and when they become too big chop them in pieces.

Tue, 08/21/2012 - 14:20 | 2724657 BurningFuld
BurningFuld's picture

I think I love you.

Tue, 08/21/2012 - 12:10 | 2724069 scatterbrains
scatterbrains's picture

no your cheap hooker politicians sold you out, Walmart was just their to take advantage of cheap whores.

Tue, 08/21/2012 - 12:23 | 2724115 Meesohaawnee
Meesohaawnee's picture

gosh your so right scatter brain.  they (politicians) are the ones that can stop hoe bag companies like CSCO who have 20 billion in cash and still lay off people. Thats all about fluffy cakes stock options nothing else.

Tue, 08/21/2012 - 13:19 | 2724349 Nadaclue
Nadaclue's picture

Ross Perot told you about "that giant sucking sound"

Tue, 08/21/2012 - 11:54 | 2724007 TWSceptic
TWSceptic's picture

Not even noticable on the 3y chart. 

Tue, 08/21/2012 - 12:02 | 2724034 kevinearick
kevinearick's picture

self-medicating societies using their own fecal matter to grow organic and sell it to themselves at a premium, with federal taxpayer subsidies. bless the appleheads.

Tue, 08/21/2012 - 12:10 | 2724066 bnbdnb
bnbdnb's picture

Algo's reversed programming today. Sell.

Tue, 08/21/2012 - 15:52 | 2725028 I am a Man I am...
I am a Man I am Forty's picture

Hey Tyler, you realize Sony doesn't make money right, so theoretically sony might not be worth anything, so that's not really a big deal.  Nobody buys walkmans anymore.  Sony's net income is -6B.  Apple's profit is more than $40B.

Sony loses money, apple is a cash machine.  Now, if Sony made a whole bunch of money this might be slightly meaningful.  Are we gonna get a RIMM comparison next? Or Palm as a measuring stick?

 

 

Tue, 08/21/2012 - 16:47 | 2725257 SmittyinLA
SmittyinLA's picture

Wow, if they leverage their whole company they (APPLE) can outright "buy" the entire state of the art tech industry, not just Sony but also buy HP, Nokia and Samsung. 

Imagine that, a giant corporation simply buying the competition but not just in America like GM but across the world. 

 

 

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