Short interest: How Apple shares got mugged in April

“Between April 15 and April 30, short interest [on AAPL] doubled again to a record 41.6 million shares,” Philip Elmer-DeWitt reports for Fortune. “It was during that fortnight — on April 19, two trading days before Apple’s Q2 2013 earnings report — that Apple’s share price touched $385.10, its lowest price in 16 months.”

“On that day, the stock’s value, ex cash, was lower than it was in the fall of 2000,” P.E.D. reports, “when you could buy Apple for a split-adjusted price of $7 a share.”

P.E.D. reports, “The good news for Apple investors is that the muggers have since backed off a bit. By May 15, Apple’s short interest had fallen to 26 million shares, down 37.6% in the space of two weeks. Falling short interest, just to be clear, is a sign that the bears have become more bullish.”

Read more in the full article here.

[Thanks to MacDailyNews readers too numerous to mention individually for the heads up.]


    1. Try 1998 to 2013. Ever since the Apple Renaissance began, some anti Apple dickheads tried to spread FUD by saying the iMac, iPod, iPhone and iPad would never be popular. They laughed in Apple’s face when they brought out their new technologies! I bet they are scared of Apple, and fear that this company will be more popular than M$ and Goulgle. Maybe there is even a hint of jealousy!

  1. When Steve was in the driver’s seat, he would ignore Wall Street and tell the bloodsuckers to take a hike. Now that Mr. Ball-less Cook is in charge, he panders to the vultures on Wall Street and gets bitch-slapped for it.

    That’s what you get when you get your dick trapped in a debt vice by Wall Street, Mr. No Cojones Cook.

  2. Does not help when things like Citi today dropping their projection to $430. As I keep saying, AAPL will wander from $450 to $375 until a new iPhone. Then could skyrocket or yhe end of Apple. The market climbs and Apple stagnates.
    I think Apple should make the iPhone capable of running Android like the Mac can run Windows. Maybe a bootcamp app? Why not?

  3. (Sorry for the repost)

    OMG! No new externals…! OMG! No “portfolio product”! OMG! OMG!


    Anyone ever read the old testament where the deity of the day wanted to lead the people because he knew what they really wanted, but all along the people just wanted to be like all of the other surrounding nations by having a regular king-type-person that looked and smelled and tasted like all of the other kings? So the DOTD [deity of the day] let them have their way, and they came to look and smell and taste just like all of the other surrounding nations, and that’s when their problems really began.

    Why do the naive, hasty, and not-well-informed that frequent this site constantly send out their dribble about Apple not being like everyone else?

    Stop confusing stock value, (especially day-to-day), with corporate success, they’re simply not the same. And this is definitely true for Apple.

    I’ve got some info for you: Apple’s just waiting for everybody else to catch up, and when they do, just like SJ, Apple will take the next giant leap, and wait for everybody to catch up. All you have to do is stop listening to the expulsions of the 99% of the anal-cysts that get promoted here, do a little historical retrospective on Apple, (all the way back to just before SJ was fired from Apple), bring all of that hindsight back to the present and you’ll have a more real view of the way things are, and a much better chance of estimating the way things will be.

    It’s a lot better than the constant whining, and way more productive.

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