"I don't pretend to understand much about how derivatives work or what hedge fund managers do, but I've been watching the ups and downs of Apple's stock price long enough to recognize a pattern when I see it.
This one was a classic slingshot, described succinctly by Jason Schwarz in his seminal Apple: Seven Reasons Shorts Love It:
"If you can keep a good stock down," he wrote, "then you are able to load up for the ride back up. It's like a slingshot — the harder you pull, the more propulsion you generate." "
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