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Wall Street giveth, and Wall Street taketh away. When Apple's stock price really, really spiked it wasn't likely to be ma and pa investors putting their cash in
by nicholassmith 14y ago
Wall Street giveth, and Wall Street taketh away. When Apple's stock price really, really spiked it wasn't likely to be ma and pa investors putting their cash in but the big boys assuming they'd make money from it. I imagine a lot of them did, and then when they'd made their profits pulled out because they had no interest in investing in the core business but plenty interest in making money.
Which is fine, it's their job to make money for the clients and funds they manage, but honestly it's coming across as crying over spilt milk. There's people who took a gamble and came in late, rather than playing the numbers and thinking logically that the price was unsustainable and got burnt, now they're punishing the company and trying to extract something to cover their losses.