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FMR Corp., an investment adviser to mutual fund giant Fidelity, has halved its stake in Apple Computer to 4.99 percent. Reuters reports that FMR now holds 17.8 million shares compared to 36.4 million shares or 10.28 percent on April 10, as noted in a recent SEC filing.
Comments
I think it's a pretty bad news for Apple, the next quarter will be down :(
It's sad that the iMac G4 doesn't sell better, it's a good machine, even it's a little bit expensive ...
Troll?
Mother?
It's too bad they didn't sell their shares at the time that the Apple CEO's were selling them, they took a liking by selling them at the current prices. Buy shares now people, theres plenty to go around and at cheap prices, although if you wait longer, they probably will go down some more. And next time when the CEO's sell, do the same or prepare to lose money.
This may mean nothing. Does this FMR manage its own funds? Is that why they had a holding? There are limits to what percentage a fund can hold any given stock. Half of their fund holdings have to be no more than 5% shares of any given stock. Maybe they are realigning. Notice that their AAPL holdings are no right about 5%. Without any more info you cannot assign any meaning at all to this.
That's a good thing. This block will hopefully be taken up by individual investors. The more widely held AAPL is, the better. Institutional investors (currently holding about 60% of AAPL) move as one and when it comes to AAPL, they're generally clueless.
Sell low, buy high? No, wait, that's not it - is it Buy high, sell low?... No, maybe its ...
Oh forget it. I give up.
DD
OR
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Fresh-Faced Recruit
Joined: Jul 2001
Be afraid.
Be very, very afraid.