Why hedge funds are dumping Apple
Sellers seem to think they can take profits now and then get back into Apple on weakness when less sophisticated investors decide to bail.
The thinking is that consumers will hold back on purchases of existing iPhones because Apple is expected to release a new model in October. Rumors and industry intelligence say that the new iPhone will be the physical redesign that the 4S, introduced in 2011, wasn't. The big changes are predicted to include an upgrade to a 4-inch screen from the current 3.5-inch
"Sellers seem to think they can take profits now and then get back into Apple on weakness when less sophisticated investors decide to bail."
Otherwise known as pumping and dumping mom and pop and the muppets. And, when High Frequency Trading computers do it at the speed of light using over a million false quotes per second, it’s pretty much over before the retail investor even knows it happened. Just the place for your retirement funds this stock market is, don’t you think?
The people that run Apple are smarter than the Hedge Fund Clowns. Stay the course!
The Old Salt
Apple will definitely hit $1000.
The vast majority of people still don't own an iphone. Most of them probably want one, it's clearly the best phone available overall. I'm one of them btw, I've held off from buying one due to price, but I think I will take the plunge with the 5. I'm also considering an ipad.
Their PE is 10 or 12 depending on how you count.
Their PEG is an insane 0.2.
Basically, Apple is priced as if they have zero growth left, even as they are still growing like mad.
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The NBA star could receive as much as $300 million in the 10-year deal, according to reports.
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