Apollo tumbles on chatter of Ackman short


A rumor Bill Ackman will announce a short position in the company has Apollo Education (APOL) quickly off 6.5% in late-morning action.

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Comments (4)
  • PChan444
    , contributor
    Comments (514) | Send Message
     
    Another crowded short for ackman?
    22 May 2014, 11:35 AM Reply Like
  • TGIMonday
    , contributor
    Comments (136) | Send Message
     
    So why would there be a sell off if an big investor takes a short position? Does he know something that everyone else doesn't?
    (Sorry, I'm new to SA and stocks in general).
    22 May 2014, 05:28 PM Reply Like
  • Nick Patterson
    , contributor
    Comments (10) | Send Message
     
    As some large investors are successful or have big bets pay off in the past, more and more people follow their movements. If enough people believe the investor is going to be right, they can significantly move the market with the announcement of a new position.
    26 May 2014, 10:41 AM Reply Like
  • TGIMonday
    , contributor
    Comments (136) | Send Message
     
    That's interesting. Thanks.
    26 May 2014, 06:48 PM Reply Like
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