Standpoint Research's Ronnie Moas, who created an uproar recently when he downgraded Apple (Nasdaq: AAPL) for 'moral reason', is taking a victory lap of sorts with shares down $44, or 8%, on weak Q1 iPhone unit sales. He is also happy to see Carl Icahn "humbled."

"Nice to see Carl Icahn with some egg on his face this morning... I hope it sticks... he REALLY needed a slice of Humble Pie and got it last night and this morning with Apple dropping $40 (8%)," Moas said.

"He is on record recently as saying that he likes to feast off the stupidity of others... but he is not looking not too smart with HLF now down 20% in three weeks and then buying 900,000 shares of AAPL last week at $550 and saying it is a no-brainer... oftentimes he comes across as a hot-air balloon... I went up against him directly in this piece this past weekend that was distributed via Wall Street Journal (online).

He added, "I am upset that he keeps demanding that Apple pay a dividend instead of using his voice and power to demand that they pay reparations to Asian workers who have no voice (and were grossly underpaid and treated like slaves the last ten years)."

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Hilliard Lyons Downgrades Apple (AAPL) to Long-Term BuyJanuary 28, 2014 2:39 PM