Apple fell 2.6% on Dec. 1 in an ugly close that left investors deeply suspicious
Apple had already dropped sharply twice on Tuesday -- once at 10 a.m. and again at 3:25 p.m. -- when, 12 minutes before the close, the volume of trading suddenly spiked and the stock went into freefall.
More than 3.5 million shares changed hands in a fury of last-minute trading, and when the dust cleared, Apple had MOREPhilip Elmer-DeWitt - Dec 2, 2009 1:14 PM ET
There's an interesting and timely paragraph about Apple buried in the middle of Scott ("The Finance Professor") Rothbort's latest primer on hedge funds (Hedge Fund Liquidations: Five Things You Need to Know).
He's explaining how hedge fund investors -- technically, limited partners -- are only allowed to withdraw money on an quarterly or annual basis, which can result, when a fund is performing poorly, in a rush of redemptions that resembles MOREPhilip Elmer-DeWitt - Nov 3, 2008 8:17 AM ET
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