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Re: IT'S TIME,,,,,,,,,,,,SHORT THE CHIT OUT OF AAPL,,,,,,,,,LOL AAPL Plunges Most In Six Months

By: Decomposed in ROUND | Recommend this post (0)
Tue, 17 Apr 12 3:12 AM | 52 view(s)
Boardmark this board | De's Test Board 		Msg. 40471 of 45510
(This msg. is a reply to 40470 by capt_nemo)
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Hey, I know some people who shorted AAPL!

I'd be calling them geniuses today . . . except that they're still way underwater on their decision.




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Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

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The above is a reply to the following message:
IT'S TIME,,,,,,,,,,,,SHORT THE CHIT OUT OF AAPL,,,,,,,,,LOL AAPL Plunges Most In Six Months
By: capt_nemo in ROUND
Tue, 17 Apr 12 3:05 AM 		Msg. 40470 of 45510

I said that a couple months ago also LOL. "IF" the feds are done propping it up, then we just might have a reality check on this bloated pig.........


Submitted by Tyler Durden on 04/16/2012 16:33 -0400

Apple
British Pound
GOOG
NASDAQ
Reality
recovery
SPY

Amid the fourth heaviest volume of the year, Apple shares fell over 4% today - its largest single-day drop in six months (and largest two-day drop in 23 months) and GOOG also fell over 3%. This dragged the NASDAQ down but the S&P 500 (which was implicitly hurt by this major underperformance) managed to survive with relatively minimal damage close-to-close as the EUR repatriation drove TSY yields up and the USD down with correlations doing the rest to support stocks. Heavier volume and trade size came in as ES (the S&P 500 e-mini future) slid notably into the close though - almost 10pts off its afternoon highs and over 1% off its day-session opening levels (which were the highs). USD weakness accelerated rapidly after the European close - quite evenly distributed across all the majors but EUR weighed heavily as it retraced most of Friday's losses. The USD selling stopped around 130pm ET. The USD weakness supported some recovery from early weakness in commodities but the second largest compression in Brent-WTI in 16 months to around $15 - led by Brent more than WTI - on the Seaway reversal date being brought forward, was the biggest news in commodities. Silver ended unch and gold down modestly. Credit outperformed stocks on the day (and from open-to-close) but this seems as much credit-equity index arb as credit remains notably weaker. HYG stayed in sync with SPY today after we first noted the convergence on Friday (following the April asset allocation shift). After rallying early, Treasuries stabilized through the USD selling frenzy immediately post-European close but as the USD stabilized in the late afternoon (and AUD weakened) so Treasuries were oddly sold off (along with stocks) ending the day basically unchanged (after being lower by 4-5bps before the US open). VIX closed unchanged after opening lower and pushing to well over 20% at its worst - as 19% seemed to support it as we rallied in the afternoon. ES tested above its 50DMA once again and closed back below it on a relatively heavy day with very low average trade size.

AAPL traded back in line with the entire retail sector's market cap for the first time in a month, broke its 20DMA for the first time in four months, and fell the most in six months today. There was little sign of opportunistic dip-buyers as it leaked lower all day...

MY CHART,,,,,,,,,,,,,,,,,,,,,

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