Cornered shorts?? Cornered analyst??
I'm trying to figure out the CIBC downgrade. The timing of the downgrade is no coincidence.
Either
a) The analyst actually found something *so* bad in the middle of all that good news, that he/she felt compelled to downgrade
or
b) The downgrade is a defensive move from an analyst who feels cornered or represents shorts who feel cornered.
I'm not usually a conspiracy theorist, but when you've got the sheer # of shorters out there interested in seeing this stock go down, you have to consider the possibility.
The alternative, of course, is that the analyst, who has long had a hold rating on AAPL, convinced that the company would fall apart at any minute, is simply becoming more and more anxious.
Have you ever sat at a red light and tried to predict when it would turn green? "Now!" you yell, as the light stands obstinently crimson. You wait a second or two, and convinced that *this* time you'll hit it, you yell "NOW!" with a little more enthusiasm. The pattern repeats on a quickening basis, as you grow more impatient.
Well, perhaps Mr. CIBC has just been sitting at that red light a little too long. . .
Andrew |
