Anyone who thinks that stock market cap is something other than a vaporous con needs to have a smell of AAPL shares today because that one has a stinky diaper. Last week's model of AAPL shares predicted they would begin to sell off this week and so they have. The shares began selling off at the open and before anyone knew it, they had plunged $8 per share before catching a thin bid. It's like I have written so many times, the declining volume here means that the pumped up prices didn't really add masses of the public like the Ponzi pushers hoped for. It did drive all the shorts out though. So now the public doesn't want to buy and the shorts don't have to cover.
The only players left in the market now are leveraged longs. Mark and Patsy are out of the game now and so it is just the criminal element working against itself. This is why when the trap door opens it will be a fast and furious decline that nobody will have seen coming because nobody really understands the true nature of what is going on. It is a Ponzi scheme and they always fail. When they fail it does not happen gradually because the participants all go running for the door at the same time and the last guy out gets left holding an empty bag.
I'm telling you, that kind of plunge on low volume is a bad, bad sign. The next bad sign will be when we see a big gap down in the shares and volume skyrockets indicating that the con men are no longer colluding with each other but instead have decided that it needs to be every man for himself.
Just like the collapse of any other organized crime syndicate that ever existed...
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