|
Title: Smart money bet against Apple just before it hit a 12-month high Post by: HCK on May 25, 2014, 02:00:07 pm Smart money bet against Apple just before it hit a 12-month high
Institutional ownership in Apple last quarter was near an historic low. <p>FORTUNE -- Two reports from Morgan Stanley and Goldman Sachs about where institutional investors placed their bets last quarter suggest that the "smart money" is not always so smart.</p> <p>In a note to clients issued Friday, Morgan Stanley's Katy Huberty reports that allocation to Apple (AAPL) among the top 100 investors in the stock fell last quarter to 2.0% -- near the low end of its historic MORE (http://tech.fortune.cnn.com/2014/05/23/apple-institutions-hedge-funds/)<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=tech.fortune.cnn.com&blog=8466345&post=143337&subd=fortunebrainstormtech&ref=&feed=1" width="1" height="1" /><img src="http://feeds.feedburner.com/~r/fortuneapple20/~4/eacEovllJe8" height="1" width="1"/> Source: Smart money bet against Apple just before it hit a 12-month high (http://rss.cnn.com/~r/fortuneapple20/~3/eacEovllJe8/http://tech.fortune.cnn.com/2014/05/23/apple-institutions-hedge-funds/#commentshttp://tech.fortune.cnn.com/2014/05/23/apple-institutions-hedge-funds/feed/atom/) |