Riding the AAPL Slingshot

Phillip Elmer-Dewitt:

Apple, as Schwarz reminds us, is the favorite punching bag of the hedge funds and institutions that control more than 70% of its shares. It's a pretty good bet that the earnings Apple is scheduled to report in less than two weeks will set new records, and savvy fund managers know this. If they were dumping the stock in early June, it's only because they were planning to snap it back up in advance of Apple's July 19th earnings report.
via Apple 2.0. If you own any AAPL, do yourself a favor and subscribe to Apple 2.0. Phillip is level headed, been around the block a couple times, and writes with delightful clarity.