The shorts said since apple was going down when the market went up, that apple would TANK if the market went down... So, what happened today should NOT HAVE BEEN POSSIBLE according to the shorts....
Just reminding you guys... what you're seeing today isn't possible, so it didn't happen.
People were saying it was going to go lower when the premarket was down over 1 percent.....the longs and shorts were both thinking this.
Well, Think of this way. There is finite of money in short period of time. If Apple is down, people sell and buy sth else. since Apple market CAP is so large, that means Apple down is good new for every one else. verse versa.
You didn't factor in money going to sit on sidelines.
just when it was time to short the market and buy some appl...... Imagine that...