Trust me the vast amount of these shorts are retail investors. Institutions do make blunders but ucan bet they were selling apple at 700 and buying RIM. Dont listen to the analysts. John Suva saying sell could really be meaning BUY.
Everyone jumped on i phones and ipads , huge volume all the way up. And alot of that volume was on margin. Wait til margin calls are triggered. Apple has alot of cash so a floor price of about 375 is an absolute low. The question for RIM is where is the ceiling. The options contracts for RIM are huge. Thats where the instiitutions are. Everyone ASSUMES alot of the short interest is institutions. In fact they made sure they were covered by large call option volume. The paired trade worked great, long apple short rim. And as that was happening more people were buying Apple on margin. Im not saying Apple will crash below 375. But I think alot of retail investors are the ones short. I think the institutions scanty support for RIM ( 4 of 43 analysts havea buy rating on it) are giving shorts confidence that bb 10 will crash on arrival like the playbook did.If a squeeze is triggered ucan bet the heavy option contract is there to ensure the street wins multibaggers while RIM longs make a modest return and rim shorts lose big. I think we will see upgrades with a steady rise in the share price. I think the move from 15 to ten after earnings allowed alot of covering by institutions. I think most shorters were retailers who were in the long apple short rim paired trade. Dont forget this trade worked out for 4 years!!!!!! It will take alot of unwinding yet to happen.