Apple: The Goldman Connection
By Paulo Santos:Apple's (AAPL) behavior the other day was a great mystery, which drew rivers of ink from many different quarters.The theories on why it suddenly reversed course and plunged were several and varied, from the "exhaustion" theory after Apple went somewhat parabolic, to the iPad situation in China, where a small company is holding the rights to the iPad name and has managed to stop its distribution, could be the cause. More realistically, others pointed to a rumor making the rounds of a possible Nasdaq rebalancing, in the lines of a past one that took down Apple's excessive weight.This rebalancing theory even warranted a note by Citigroup (C) analyst Parin Ghandi, basically saying that the Nasdaq published rules requiring rebalancing did not apply as the weights for Apple or the sum of the largest market caps were not violating the limits set by Nasdaq. Importantly, The Wall Street JournalComplete Story »
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