Apple got whacked for no good reason in advance of Monday's earnings report
I don't pretend to understand much about how derivatives work or what hedge fund managers do, but I've been watching the ups and downs of Apple's (AAPL) stock price long enough to recognize a pattern when I see it.
This one was a classic slingshot, described succinctly by Jason Schwarz in his seminal Apple: Seven Reasons Shorts Love It:
"If MORE
Philip Elmer-DeWitt - Jan 23, 2010 11:31 AM ETMason Cohn, Producer - Dec 31, 2009 2:20 PM ET
Two years after Apple first broke $200, the stock sets a new all-time record high
"If you can keep a good stock down," wrote Jason Schwarz last week, explaining why hedge funds love Apple (AAPL), "then you are able to load up for the ride back up. It's like a slingshot — the harder you pull, the more propulsion you generate."
As if to illustrate his point, Apple shot to a new MORE
Philip Elmer-DeWitt - Dec 24, 2009 12:13 PM ET
Wall Street, caught flat footed by Apple's latest earnings, issues a slew of new price targets
Having scrambled to catch up to Apple's (AAPL) rising share price in advance of the company's quarterly earnings report, analysts fell over themselves the next day issuing price targets to reflect the buying orgy that took the stock over $202 a share in after-hours trading Monday.
According to the running list maintained at AAPLinvestors.net, 23 analysts MORE
Philip Elmer-DeWitt - Oct 21, 2009 9:47 AM ET
The buzz among Apple (AAPL) traders today is a thought experiment that Matt Haughey worked up at A Whole Lotta Nothing. He writes
A few months ago I was thinking about Apple's rise in value after the iPhone and how Steve Jobs does a great keynote every year, and naturally I thought "I wonder if there's a way to make money off quick investments around the keynotes?" Then I thought "What MORE
Philip Elmer-DeWitt - Jan 2, 2008 8:38 AM ET
There's a fascinating discussion underway on The Mac Observer's Apple Finance Board -- one of my favorite places for tracking the sentiments of Apple (AAPL) investors.
The participants on AFB tend to be bullish on Apple and long the stock, but they're smart investors and have good antennae for anything that could affect their holdings -- up or down. So I was interested to see how they would respond when a MORE
Philip Elmer-DeWitt - Nov 22, 2007 8:31 AM ET