So, who dumped 800,000 shares of AAPL in the last second of trading on Friday?

“Here is what happened to Apple stock in the last second of regular trading [on Friday], courtesy of Nanex,” Tyler Durden writes for Zero Hedge.

“Unlike traditional flash crashes where the trade is an HFT error, or a few shares traded through the entire bid or offer stack,” Durden writes, “in this case it looks like a very premeditated unloading of some 800K shares (some $350 million worth) of AAPL in the last second, with the full knowledge it was shake the market.”

Durden writes, “Why anyone would want (or wait until the very last second) to do that, while covering the offsetting ES short in the pair trade, to ramp the market into the close, is anyone’s guess.”

AAPL on Jan. 25, 2012 via Nanxe

See all of the charts in the full article here.

MacDailyNews Take: Stay comatose, SEC.

72 Comments

  1. Hey, Obama appointed Mary Jo White to head the SEC, and he says she’s a rough and tough little critter, She’s prosecuted mobsters and terrorists, and their ain’t nobody meaner. The fact that she’s spent the last ten years in private practice defending the banks against the SEC has no bearing on the matter, of course.

  2. Why anyone would want…

    My guesses:

    1) Stupidity.

    2) Rich 1%er wants to deliberately DAMAGE Apple and make it as lousy and hateful as every other current biznizz on Wall Street. But that’s redundant of #1 above.

    3) Samsung. But that’s redundant of both #1 and #2 above. 😆

  3. Possible manipulation? There is one called the “walls of red.” This is done by throwing a large volume of shares into the market at very critical points during the trading cycle. It is usually done at the opening or towards the close. This is done to drag the stock down or boost it up.

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