Big hedge funds fueled fourth-quarter dive in Apple shares
Noted stock pickers including Leon Cooperman, Eric Mindich and Thomas Steyer unloaded billions of dollars of Apple shares between September 30 and December 31, according to disclosure documents filed on Thursday.
“The stock just went up so much in early 2012 and then was coming back to earth,” said Justin Walters, co-founder of Wall Street research firm Bespoke Investment Group. “Three months from now, we’ll be seeing a lot of the people who sold starting to pick it up again.”
Wishful thinking from Apple investors or fact?