Aug 25, 2016 - 10:55 AM UTC — AAPL: 106.9134 (-1.1166, -1.03%) | NASDAQ: 5216.71 (-0.99, -0.02%)
“Over the past several months, much Foolish ink has been spilled over why Apple has had such a monstrous pullback from its all-time highs set on the same day that the iPhone 5 launched,” Evan Niu writes for The Motley Fool. “Inevitably the sell-off is tied to everything from perceived iPhone 5 shortages (which are now effectively gone), possible capital gains tax increases, increased competition, and many more.”
“Here’s another culprit to add to the list: the shorts are piling on,” Niu writes. “Investors should keep something else in mind, though: those shorts are about to get squeezed out when Apple reports its monster fiscal first quarter in January.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]