Fred Hickey bet against Apple and lost

Our sister blog BloggingStocks brings us a story about analyst Fred Hickey who recommended shorting Apple Inc back in January. People who took Hickey at his word, when AAPL traded at $85.94, would have had to pay $102.20 to cover the short position, or about a 19% loss.

Ouch.

So will Apple continue its growth? S&P analyst Scott Kessler thinks APPL shares may rise to $125 over the next year. At yesterday's Financials Q2 2007 conference call, Apple said to expect revenue to dip seasonally during Q3.