Your favorite Apple, iPhone, iPad, iOS, Jailbreak, and Cydia site.
02-14-2013, 07:03 PM #1
Hedge Funds Largely Responsible for AAPL Fall
Apple's recent fall from grace on Wall Street can be largely attributed to the massive unloading of AAPL shares by the biggest hedge funds in the business.
According to documents filed this morning with the Securities and Exchange Commission, mandatory disclosure statements show that fourth quarter stock selling was driven by just a handful of hedge funds that collectively dumped more than one million shares of the Cupertino, California-based tech giant.
Noted stock pickers including Leon Cooperman, Eric Mindich and Thomas Steyer unloaded billions of dollars of Apple shares between September 30 and December 31, according to disclosure documents filed on Thursday.
"The stock just went up so much in early 2012 and then was coming back to earth," says Justin Walters, co-founder of Wall Street research firm Bespoke Investment Group. "Three months from now, we'll be seeing a lot of the people who sold starting to pick it up again."
02-14-2013, 10:10 PM #2
Complain about hedge funds cause Apple's fall, but never mentioned they are the ones who made Apple's stocks rise.
In order to be able to massive unloading there has to be massive purchasing to cause Apple's price rise so high.
02-15-2013, 08:10 AM #3
This is great news. This can be used against the Greenlight Capital lawsuit. If Apple pays an excessive dividend it will prompt significant selling by hedge funds and lower the stock value and subsequently their companies value. Which.... ding ding ding... it bad for the company. Stock manipulation should not be rewarded.
02-15-2013, 08:36 AM #4