Quote:
Originally Posted by ska///235i
Doesnt the Swiss bank own 9 mil shares of AAPL
Not that it means anything but you have a bank holding billion $ in shares plus activist like Icahn....who knows??
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I follow AAPL very closely and can assure you, neither the Swiss Bank nor Icahn are selling AAPL.
My conspiracy theory is that the selling is not only the usual manipulation in the stock and underhanded deals to get in lower, I believe AAPL itself might not be buying back shares until the price drops to their liking.
AAPL has the biggest buyback program and can prop up their own shares if they buyback stock. You never know where they are buying, but I can bet AAPL is quite happy buying back at these levels. The snapback today could be an indicator the buying has started.
As a longterm shareholder, I am fine with it too.
By the way, a short squeeze may also be on the horizon.