Friday, April 29, 2016

Wall Street vs. Sesame Street

April 22, 2016
As Ackman's Herbalife Saga Hits the Big Screen We Look at 4 Other Heavily Shorted Stocks

Here is the list of "Heavily Shorted" stocks from the article.

Short Interest

Apple: 1.0%
Micron: 6.8%
BlackBerry: 14.5%
Sirius: 8.5%
Herbalife: 26.7%



One if these things is not like the others. Which one is different? Do you know? Can you tell which thing is not like the others? I'll tell you if it is so.

Claiming that Apple was heavily shorted last week is a bit like claiming that billionaire Warren Buffett is heavily in debt if he he has a mortgage on his home.

Of course, it might be a different story now. It's not been a great week for Apple. First came the stock's iTank, then came the news of the iCon, lol. Sigh.

April 29, 2016
Carl Icahn to Apple: I'm out

High-profile investor Carl Icahn sold all his Apple stock due to China’s attitude toward the Cupertino-based company. The activist investor noted he made roughly $2 billion on the shares.

If you bought Apple stock on margin and as a short-term "sure thing" trade last week, and were wondering who to thank for your epic losses (other than yourself), then now you know! But hey, it's all good. Somebody got $2 billion richer. Isn't that all that matters? I'm sure it will all trickle back down to you someday!

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