Widespread Pain

In the past couple of weeks , the 13-Fs for the second quarter came out.The most widely held stock by hedge funds was Apple. There is widespread pain in hedge fund land the past few days as the stock has been very weak. Hedge funds are not known to stick around when there is trouble, which is why I avoid stocks widely held by hedge funds at all costs. The stock should bounce with the rest of the market but I would look elsewhere.

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