Gene Munster, one of the major bulls on Apple, is managing partner at Deepwater Asset Mgmt. In CNBC interview yesterday, he disclosed his firm had sold all their Apple shares. IMO, he was likely talking-up Apple, at the same time his firm was selling. Where is the SEC? Civil action?
CNBC, Bloomberg and other business channels are there to mislead and spread disinformation to retail traders and investors. Have been for some time. They should have shutdown those channels a long time ago but, their buddies in Congress and high places will never allow that!
I've seen that before. In fact the Ira Sohn Conference is basically a sophisticated pump and dump. It's not illegal because as a buy-side analyst, Gene Munster has no fiduciary responsibility to anyone except the investors of the fund. A sell-side analyst representing a broker-dealer has some fiduciary responsibility.
Deepwater sold all their Apple shares. Now you have to waste your time trying to determine who bought all those Apple shares. Always watch the show with a pinch of salt.
%% DONT know. Maybe the SEC, like many did , simply also looked every FRI close price on AAPL\2024; + got some clues on that LOL, long before CNBC ever broadcast that Hope for his sake\ that was not the bottom, sometimes happens that way-not a prediction
By your own admission, he is a "managing partner" and not an "analyst". If he were an analyst, especially a sell-side analyst as someone already noted above, he most likely would get a call from the SEC.
Analysts provide their own vision, which can be more or less accurate. But, you have to trust your own gut when it comes to decision making.