Neither. The bubble popped. AAPL was THE largest holding among all hedge funds. It was the only thing giving them alpha this year offsetting all their other losses. Once this baby popped, the blood bath was going to be awful. If the ES doesn't hold here, this stock is going to 450. Even at that price, it would only be back at unched on the year.
King, I really feel for you. That's a nice pop in AAPL. But you probably would have sold it much lower no?