Philip Elmer-DeWitt over at Apple 2.0 had an interesting post today talking about why Apple's share price took such a beating in April. Elmer-DeWitt pointed out a column by Canadian money manager and financial columnist Mal Spooner in which he describes a burst of short selling between April 2012 and April 2013.
Short-selling is the brokerage practice of selling stock that you don't own, betting that the price of the stock will drop. The short selling of AAPL that started last April was described by Spooner as being like swarming, where an "innocent bystander is attacked by several culprits at once."
