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I think it was nervous 'muppets' putting in sell orders over the weekend. People moved in to buy once the retail orders were processed??
You gotta think they had a team meeting this weekend to take out all the stop loss orders.
And sorry, I should have warned everyone a couple of weeks ago when I threw in the towel and bought some indexes... Sigh. Still have some change to throw into the market. What do folks think of VONE?
You gotta think they had a team meeting this weekend to take out all the stop loss orders.
No kidding. Putting in any kind of stop loss order amount to asking to be screwed by Wall St. Undoubtedly every broker is using the customers limit orders against them. Where is the law against that, you might ask?
BUT: I think what happened today (the initial drop, I mean) was not just a regular retail muppet limit-order sweep. I mean, you don't engineer an AAPL drop of about 13% just to take out some limit orders. There is something much more serious going on. Is the stock bubble really bursting?
Looks like the PPT "banging the close" started around 10 min ago, 25min before market close. All indices reversed sharply, upward.
(I'm starting to sound like ZeroHedge).
Was that alleged "email" to Cramer from Tim Cook legal?
The SEC will probably look at it. You know Apple is sweating over the imminent stock annihilation when the CEO is trying to butter up Jim fucking Cramer.
The Fidelity retail data for today is now available. Looks like retail muppets have been buying AAPL, but one cannot tell whether the buying was at the dip or after the partial recovery. Also notable is that the Monday retail list is so similar to the Friday one. Compare below.
Correct me if I'm wrong but everytime this happens and the plunge protection team steps in, the news always claims stocks only lost the adjusted number. And they never mention the big loss that someone had to cover. I mean what happned to that original $1,0000 loss, the loss just didn't dissapear, no Lord of London didn't unilaterally decree that the Dow was just $1000 under valued, and adjusted accordingly.
The stock market loss over $1400 today, that's twice as much than the 2007 $700 one day loss.
Starting the day off It loss $1000 then some how enough stocks were bought to earase $700 of those losses. Then it fail again to almost $800 bellow adding another 300 it had to erase again.
You know Apple is sweating over the imminent stock annihilation when the CEO is trying to butter up Jim fucking Cramer
Not that Jim Cramer needs much buttering up to pump a stock.
Stock market retail customers buying the -9% DIP?
Best strategy is not to panic. Hold on, the market has always recovered and gone higher.
Best strategy is not to panic. Hold on, the market has always recovered and gone higher.
It has often lost half its value for years. But don't worry. In the long term we're all dead anyway.
Looks like China is taking an other 6% on the chin. Oh well.
Looks like China is taking an other 6% on the chin. Oh well.
They are still positive for the last 52 weeks. It's us who are destroyed.
Or was it just Wall Street buying their own dip and front-running the muppets? Or was it the Federal Reserve "Plunge Protection Team" stepping in? Or did Tim Cook fix it all by himself, with an email? At one point this morning, COMP was down 9% and AAPL even more (about -13% from the Friday close), and on a high instantaneous volume. It looks like people on Patnet are busy with the markets, light volumes predicted on PatNet until 13:00 PST.
UPDATE: Fidelity retail orders data for today has been updated.
Dictionary:
Muppets == retail customers, people easily fooled
COMP = NASDAQ composite index