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Old 01-24-2013, 10:54 PM   #61
sirex
King Sirex
 
Join Date: Aug 2002
Location: Toronto
Posts: 9,849
well seems like there has been some huge plays in regards to hedge funds doing a long apple, short rim position.

So, it's likely that with the bad press on Apple, alot of stock was dumped to cover margin due to the short positions on RIM.

I read and heard that RIM has 25% of the stock shorted. So you can imagine a bunch of margin calls and them trying to stay in the position and ride the RIM craze out.

I mean it seems to be the only logical thing here. I mean, I definitely understand that AAPL would drop, but $60, on earnings that truthfully weren't that bad.
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