March 6, 2013

An Apple Story, Bullish Cross Fall

An Apple story, Bullish Cross’s fall.

Bullish Cross’s investment advice in 2012 to keep buying Apple

But, AAPL went the other way, in a big way.

Fortune on investors who followed Bullish Cross’s Apple advice. 
Zaky had taken under management more than $10.6 million of other people's money and lost it all.
Apple’s business may be controlled by Apple but its stock price is heavily influenced by hedge funds that will buy/sell based on other factors as well rather than just Apple fundamentals.

The hedge funds seemed to have moved on to Google whose stock is going through similar steps right now.

Tags: apple story, bullish cross fall, bullish cross apple loss, hedge funds buying google