Pixel Envy

Written by Nick Heer.

The AAPL Slingshot

AAPL is down around $100 from about a month ago. Why? Philip Elmer-Dewitt explains the slingshot:

A guy running a hedge fund, having taken who knows what position in a high-profile security, trashes it on TV, on the Web and in e-mails to clients shortly before what are almost certainly going to be record quarterly earnings, and then when the shares lose some value, brags that he’s been “correct on the stock.”