It sounded to me like he was defending the stock, both in his words and in his actions. Who knows where the price would have gone to without this brassy intervention. I'm not generally a conspiracy theorist, but given the events of last year through today, I am highly suspicious that there might be some powerful interests at work here.
Last year's campaign to discredit Apple amounted to a full court press in the media and in the market. At the time, I thought it might just be one of the big broker firms taking advantage of a weakened opportunity, but with time it went much further than that scenario would have done. Then I began to notice that the FUD machine was trying to tip the scales to favor Samsung, and for some very weak reasoning at that. Weak enough, that it should never have gotten the momentum it did. The most likely antagonist would be Samsung, as their agenda matches the observed effects. Apple and Samsung were battling it out in many courtrooms. Samsung wanted Apple's top tier position in the smartphone market. I wouldn't put it past Samsung to launch an attack on the stock after an earnings call to further their ambitions through weakening the public perception of their opponent. Back during the pre regulation days of the railroad barons, such things happened frequently.
If such is the case, then there should have been a buildup in the short position against AAPL. Does that mean we'll see a short squeeze over the next few days? Will it be enough to reestablish the price at $550? |
