RE:The new Apple Inc: Going long on BlackBerry’s Lots to digest there but JMO, this exemplifies what's wrong with the 'free' market. SH's should be the ones evaluating the stock, with potential and future in mind. Down the road means little to a shorter, with not even owning a share they can run a sp down. Won't even matter if BB turned the corner tomorrow, they know that no business can maintain a constant upswing. There's just too much going on in the world to fantasize that way. Doesn't matter if it's BB or porkbellies, all fair game to a short.
Said it before, businesses will fail or succeed without the shorts but I do think the timetable for either of those events would be drastically reduced if there were no hedgers. Right now they are in control, occasionally burned but overall they stay ahead while lining their pockets with hard earned savings of a easy target. Last time I checked, hedge fund assets were over $3 trillion, maybe even 4 by now. Do I think they played a part in the national debts of some countries, I do. Hard to compete against that I'll gotten resource. You drive the Honda Civic, they drive the Mercedes....oh wait that's just your financial advisor's utility vehicle....lol. Just sell me a mutual fund with a straight face knowing there are companies on the prospectus that you actively short....includes one bottle of snake oil...lol
Must be another rant day for me so I think I'll go golfing, again.