“Apple Inc.’s big weighting within the Nasdaq is starting to turn heads, especially after a sharp dive in the company’s share price on Tuesday morning created something that looked like a mini flash-crash,” David Berman writes for Seeking Alpha. “Apple, of course, has been growing in size as a technology company, with a massive market capitalization that gives it a 20% weighting within the Nasdaq 100 – a popular benchmark for exchange traded funds.”
Berman writes, “Apple shares plunged 5.5% at the start of trading – and when we say plunge, we mean a straight line down – and dragged down a number of other shares with it, along with the Nasdaq. The scene was reminiscent – if far more tame – of the dramatic dive in stocks in early May, when the Dow Jones industrial average fell about 700 points nearly instantly, before recovering.”
AAPL chart for Tuesday, September 28, 2010:
Read more in the full article here.
MacDailyNews Take: Apple’s massive size may have the additional benefit of making it too visible a target to be safely manipulated. Everyone’s watching now, criminals.
Start flooding the SEC with complaints.
Talk is cheap. Act now.
Start flooding the SEC with complaints.
Talk is cheap. Act now.
This could also be a sign of success, too. It could be simply that people are trying to sell high, and with the economy as a whole tanking, people have been riding the Apple rocket, and they’re like, “Well, this is all wonderful for Apple, but I need my money now, so I’m going to take it back, thank you.”
This could also be a sign of success, too. It could be simply that people are trying to sell high, and with the economy as a whole tanking, people have been riding the Apple rocket, and they’re like, “Well, this is all wonderful for Apple, but I need my money now, so I’m going to take it back, thank you.”
Maybe Steve Jobs died again?
Maybe Steve Jobs died again?
It’s these WallStreet jackasses who came up with the idea that they can make money when a stock goes down. Why was this ever allowed to happen? That’s why stocks move on rumors now as much or more than actual happenings.
It’s these WallStreet jackasses who came up with the idea that they can make money when a stock goes down. Why was this ever allowed to happen? That’s why stocks move on rumors now as much or more than actual happenings.
Is it the Chinese or Iranian governments or hedge funds; they’re all criminals.
Is it the Chinese or Iranian governments or hedge funds; they’re all criminals.
The SEC is asleep at the wheel with no intention of waking up.
The SEC is asleep at the wheel with no intention of waking up.
Of course, the rumor of Tim Cook is the cause. But I am now making up a rumor that Steve Himself is going to HP.
There, now you know.
Of course, the rumor of Tim Cook is the cause. But I am now making up a rumor that Steve Himself is going to HP.
There, now you know.
Anyone who watched the market knows that there were many stocks that did the almost same thing at the same time. Conspiracy theories, however, are far juicier and more attractive to ‘hit whores.’
Anyone who watched the market knows that there were many stocks that did the almost same thing at the same time. Conspiracy theories, however, are far juicier and more attractive to ‘hit whores.’
Maybe they were in a bubble?
Maybe they were in a bubble?
DEMONS.
DEMONS.
Crooks ! The ones who manipulate that gambling thing called ‘The Market’.
Crooks ! The ones who manipulate that gambling thing called ‘The Market’.
Apple has always been a volatile stock. There are always rough ups and downs and the occasional random storm. Compared to that, msft is like a flat stagnant pond.
Apple has always been a volatile stock. There are always rough ups and downs and the occasional random storm. Compared to that, msft is like a flat stagnant pond.
“Get people talking about it as if something is wrong with RIM,” Cramer advises. “Then you would call the (Wall Street) Journal and talk the bozo reporter on Research in Motion and you would feed that Palm has got a killer it is going to give. These are the things that you must do on a day like today. And if you are not doing it, maybe you shouldn’t be in the game.”
How do you drive Apple stock down to profit from your short position–especially when the company is just about to announce it’s new IPhone?
“Apple–it is very important to spread the rumor that both Verizon and ATT have decided they don’t like the phone,” Cramer says. “It’s a very easy one to do. You also want to spread the rumor that it’s not going to be ready for MacWorld. And this is very easy, because the people who write about Apple want that story. And you can claim that it is credible because you spoke to someone at Apple. It is an ideal short. If I were short Apple, I would be working very hard today to get that. And the way you would do that is pick up the phone and call six trading desks. And say, listen, I just got off the phone with my contact at Verizon. And he has already said–we’re a Samsung house, we are a Motorola house. There is no room for Apple. They want too much. We are not going to let them in. We are not going to let them do what they did to music. And that’s a very effective way to keep a stock down.”
http://tinyurl.com/3dmuu4
“Get people talking about it as if something is wrong with RIM,” Cramer advises. “Then you would call the (Wall Street) Journal and talk the bozo reporter on Research in Motion and you would feed that Palm has got a killer it is going to give. These are the things that you must do on a day like today. And if you are not doing it, maybe you shouldn’t be in the game.”
How do you drive Apple stock down to profit from your short position–especially when the company is just about to announce it’s new IPhone?
“Apple–it is very important to spread the rumor that both Verizon and ATT have decided they don’t like the phone,” Cramer says. “It’s a very easy one to do. You also want to spread the rumor that it’s not going to be ready for MacWorld. And this is very easy, because the people who write about Apple want that story. And you can claim that it is credible because you spoke to someone at Apple. It is an ideal short. If I were short Apple, I would be working very hard today to get that. And the way you would do that is pick up the phone and call six trading desks. And say, listen, I just got off the phone with my contact at Verizon. And he has already said–we’re a Samsung house, we are a Motorola house. There is no room for Apple. They want too much. We are not going to let them in. We are not going to let them do what they did to music. And that’s a very effective way to keep a stock down.”
http://tinyurl.com/3dmuu4
https://denebleo.sec.gov/tcr/add.action?c=3 SEC enforcement complaint form. Please fill it out and name Goldman Sacks or other Wall Street Behemoth as the perp
Read this for more info
http://dealbook.blogs.nytimes.com/2010/09/27/troubling-trades-found-ahead-of-flash-crash/
https://denebleo.sec.gov/tcr/add.action?c=3 SEC enforcement complaint form. Please fill it out and name Goldman Sacks or other Wall Street Behemoth as the perp
Read this for more info
http://dealbook.blogs.nytimes.com/2010/09/27/troubling-trades-found-ahead-of-flash-crash/
When is the SEC, or Congress, going to recognize that computerized trades at fractions of a second are not needed to create liquidity, but instead create unsafe volatility? Short term trading does nothing to add any value to any company or it’s products by providing needed capital. The only benefit I have heard of is providing liquidity – but who really beleaves that liquidity in fractions of a second is necessary?
When is the SEC, or Congress, going to recognize that computerized trades at fractions of a second are not needed to create liquidity, but instead create unsafe volatility? Short term trading does nothing to add any value to any company or it’s products by providing needed capital. The only benefit I have heard of is providing liquidity – but who really beleaves that liquidity in fractions of a second is necessary?
Can you list a few stocks that dropped 5.5% at Monday’s open?
Can you list a few stocks that dropped 5.5% at Monday’s open?
I blame Bush. And Palin and the Tea Party (nice name for a band, if I may steal that line of joking from Dave Barry).
I blame Bush. And Palin and the Tea Party (nice name for a band, if I may steal that line of joking from Dave Barry).
Actually, it kinda looks like the result of a polygraph when you ask any politician the question, so “So, you actually try to help others, right?” And then the politician says “Yes.”
Actually, it kinda looks like the result of a polygraph when you ask any politician the question, so “So, you actually try to help others, right?” And then the politician says “Yes.”
I blame the stupid Obama, Reed, Pelosi Idiots for the liberal Idiologes. What a F.up Bunch we have in the government.
@Contrarian, you must be one of these idiots. And you think Bush was bad! LOL…..!
I blame the stupid Obama, Reed, Pelosi Idiots for the liberal Idiologes. What a F.up Bunch we have in the government.
@Contrarian, you must be one of these idiots. And you think Bush was bad! LOL…..!
All Apple needs to do is set aside 1 or 2 BILLION to BUY at 5% trailing the stock and another BILLION 5% under that. No one will try to Flash Apple’s stock. Apple can make their own floor! Try it somewhere else idiots. Apple would pick up a half billion on the next attack!
All Apple needs to do is set aside 1 or 2 BILLION to BUY at 5% trailing the stock and another BILLION 5% under that. No one will try to Flash Apple’s stock. Apple can make their own floor! Try it somewhere else idiots. Apple would pick up a half billion on the next attack!
Anyone who is investing in the stock market these days is an idiot. The only one making steady profits in the market are the big banks. “Retail” investors like you and I are just cannon fodder.
——RM
Anyone who is investing in the stock market these days is an idiot. The only one making steady profits in the market are the big banks. “Retail” investors like you and I are just cannon fodder.
——RM
I saw the dip first thing in the morning when I checked MDN. The thought occurred to me that the stock price might decline throughout the day–I have seen this happen before. On a whim, I placed an order about $3 below current price. When I checked after lunch, the second dip had happened and my order was filled at $285. Not an investment strategy. Just a whim.
I saw the dip first thing in the morning when I checked MDN. The thought occurred to me that the stock price might decline throughout the day–I have seen this happen before. On a whim, I placed an order about $3 below current price. When I checked after lunch, the second dip had happened and my order was filled at $285. Not an investment strategy. Just a whim.
Somebody dumped 1,640,000 shares within open minute of the open. That’s why it dropped. The rumors were just an excuse. If they picked it back up they made $50MM on the day.
Somebody dumped 1,640,000 shares within open minute of the open. That’s why it dropped. The rumors were just an excuse. If they picked it back up they made $50MM on the day.
Yeah! I sold 2000 shares and turn around and bought 2200 shares with profit. Don’t you love day traders!!!
Yeah! I sold 2000 shares and turn around and bought 2200 shares with profit. Don’t you love day traders!!!