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I think this is a reaction to textbook Wall Street game-playing. A nice network of hedge managers went 5-6x on aapl, they sell it and bring the price down while
by capkutay 14y ago
I think this is a reaction to textbook Wall Street game-playing. A nice network of hedge managers went 5-6x on aapl, they sell it and bring the price down while "analysts" come up with all this bs about how Apple's record setting quarter doesn't meet their "expectations".
At the same time, I think Tim Cook has to be a little more vocal. It may not be the Steve Jobs way, but I think its ok talk to the press solely for the purpose of inspiring confidence in your company as opposed to waiting for product releases .