“This Apple (AAPL) action on the heels of the Consumer Reports iPhone 4 downgrade is a dream scenario for hedge funds ahead of the July 20th earnings report,” Schwarz writes. “There is no better money making opportunity than the Apple slingshot.
Schwarz writes, “Apple’s pristine balance sheet, exponential growth opportunity, and innovative future product pipeline give hedge funds confidence that this stock will always bounce back after being beaten down. As a result they use any and all resources to beat it down when they can.”
Full article – recommended – here.
MacDailyNews Take: “[Hedge funds and other investors] target strong companies like Apple with lies and rumors. In fact, it works better with a strong company like Apple, because after being artificially sunk, it then bobs right back up and the shorts can have their way with it all over again.” – MacDailyNews Take, April 8, 2009