AAPL Hits Nine-Month Low – Are Institutional Buyers to Blame?

Posted by at 3:53 pm on January 16, 2013

In the wake of considerable media backlash over a highly-questionable Wall Street Journal story claiming that Apple had cut back orders on iPhone parts to “half” previous levels — a claim now clearly shown to be inaccurate — AAPL has dropped to its lowest price in nine months, closing on Tuesday at $485.92 (though it is up to almost $490 in after-hours trading).

Evidence has now emerged that some investors may be deliberately trying to suppress the stock.

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