MIA: Apple Investors
by Hardman Capital
It is striking that Apple (AAPL) has fallen by almost 1/3 in market value over the last several months. At first, there was concern that there might be some market manipulation at work. Hedge fund short sellers or banks with large exposure to naked or semi-naked calls were the steely eyed culprits. However, it has become clear that these agents are not to blame, but rather, the blame can sit squarely on the shoulders of the gentlemen squatting on the Apple end of the quarterly conference call. read more »
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