7 replies to this topic

[Hum]

Apple (AAPL) shares got a boost Tuesday afternoon on rumors that the company may announce a split on Wednesday during its annual shareholder meeting.

The rumor comes from former money manager and current TheStreet.com contributor Douglas Kass, who did not disclose his source.

“High above the Alps my Gnome is hearing a rumor that Apple will announce a stock split at tomorrow’s shareholder meeting,”

Kass wrote in a post on Twitter, providing no further details. Apple shares rose more than 1.4% on the rumor after nearing a new closing low.



source

[threetonesun]

Hum, on 27 February 2013 - 14:48, said:

after nearing a new closing low.

... this year.

[Manish]

Apparently the rumour/tweet was just a ruse to manipulate the value of Apple's shares.

http://www.networkwo...nity/node/82539

[+techbeck]

Got a boost? They are at 447 currently. What were they at yesterday and before?

Never mind...

Manish, on 27 February 2013 - 14:57, said:

Apparently the rumour/tweet was just a ruse to manipulate the value of Apple's shares.

http://www.networkwo...nity/node/82539

Figures.

[neufuse]

hedge fund managers pull this crap all the time they want money, it should be illegal to manipulate stock price for a gain like this

it's almost like another form of insider trading, just in this case you are making the information up to force the price in your favor from the outside...

[Brian M]

neufuse, on 27 February 2013 - 17:27, said:

hedge fund managers pull this crap all the time they want money, it should be illegal to manipulate stock price for a gain like this

it's almost like another form of insider trading, just in this case you are making the information up to force the price in your favor from the outside...

It's no different than these "analysts" who put out massively inflated figures, causing the share prices to conveniently tank once said company doesn't meet them (check Apple's last earnings call - their best quarter ever - but because it didn't meet these analysts' ridiculous predictions, the shares dropped).

[neufuse]

Brian M, on 27 February 2013 - 17:53, said:

It's no different than these "analysts" who put out massively inflated figures, causing the share prices to conveniently tank once said company doesn't meet them (check Apple's last earnings call - their best quarter ever - but because it didn't meet these analysts' ridiculous predictions, the shares dropped).

yeah, I know how it all works... just wish there was consequences for those "analysis" and managers manipulating the market

[Growled]

I believe it when I see it.