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Stock market retail customers buying the -9% DIP?


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2015 Aug 24, 10:57am   6,071 views  13 comments

by justme   ➕follow (1)   💰tip   ignore  

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

Comments 1 - 13 of 13        Search these comments

1   Tenpoundbass   2015 Aug 24, 11:25am  

justme says

Or was it the Federal Reserve "Plunge Protection Team" stepping in

yeah that one!

2   FNWGMOBDVZXDNW   2015 Aug 24, 11:49am  

I think it was nervous 'muppets' putting in sell orders over the weekend. People moved in to buy once the retail orders were processed??

3   EBGuy   2015 Aug 24, 11:54am  

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?

4   justme   2015 Aug 24, 12:03pm  

EBGuy says

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?

5   justme   2015 Aug 24, 12:46pm  

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).

6   epitaph   2015 Aug 24, 1:10pm  

Ironman says

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.

7   justme   2015 Aug 24, 1:45pm  

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.

8   Tenpoundbass   2015 Aug 24, 2:15pm  

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.

9   justme   2015 Aug 24, 3:47pm  

epitaph says

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.

10   Strategist   2015 Aug 24, 6:12pm  

justme says

Stock market retail customers buying the -9% DIP?

Best strategy is not to panic. Hold on, the market has always recovered and gone higher.

11   Heraclitusstudent   2015 Aug 24, 6:49pm  

Strategist says

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.

12   Heraclitusstudent   2015 Aug 24, 6:49pm  

Looks like China is taking an other 6% on the chin. Oh well.

13   Strategist   2015 Aug 24, 8:14pm  

Heraclitusstudent says

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.

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