Lots of People Expect Apple Stock Price To Fall.

The short interest on Apple's stock (AAPL) has gone way up with the recent run-up in price, rising more than 25% from April to May (June numbers not yet out). What this means is that lots of people sold the stock (by 'borrowing' it from a third party) with the intent of buying it back later at a lower price.

Here's what the chart looks like today:

Now, I'm not one to call people stupid, but with the World Wide Developers Conference coming up next week and the prospect of significant announcements, I've just gotta think there are better stocks to short sell than Apple Computer right now....(hint, hint)...

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