I'm amazed that with CI buying millions of shares the stock only bounces up briefly, then spends the rest of the day trending downward. This has been the pattern the past few days or weeks. I get the day traders. They don't care where this stock ends up next week or even at close of day. All they care is where is it going in the next few seconds or minutes. This pattern tells me that other than CI few people or institutions are buying. Ricci and gang are selling regularly, further putting downward pressure, and short interest is at all time high - 27m as of 11/29. It's like two tectonic plates exerting pressure on the stock, yet CI's purchase of 60m shares not only doesn't overcome the opposite forces - he's losing ground!
I think you're right. When Ricci bought that personal assistant company, Cook decided to through him overboard. But Siri revenue wasn't ever very much anyway (never reported, but probably given away for free). And there's always that IC connection between the two companies. Love to hear an explanation.
The only plausible explanation is that the institutional investors are selling and maybe short interest is increasing. They probably think this is going to turn nasty - Ricci fighting off IC and taking the ship down with him. They also figure that Ricci is focused on this fight and neglecting business. Whatever the cause for this downturn, the people with the money don't see it turning out well.