“Hey, have some investors been screwing around illegally with the shares of high-flying Apple, Inc. [sic], a superstar of the investment scene?” Dan Dorfman wonders for The HuffingtonPost.
“The SEC, as usual, declined comment, and Apple refused to respond to calls seeking comment. Wall Street sources, however, speculated that the agency’s investigation likely centered on possible trading that may have been based on the illegal use of inside information involving three particular Apple-related developments,” Dorfman reports.
In effect, they raise specific questions:
• Whether anyone got an illegal lead on precisely how sales were faring on key items in Apple’s highly successful Ipod product line.
• Whether anyone was given a precise insight into the health of the company’s co-founder and CEO, Steve Jobs, a cancer survivor who took a six-month leave of absence last January and then received a liver transplant. Subsequent questions about the viability of his health then led to a great deal of volatility in Apple’s shares.
• Whether anyone had exact knowledge of when specific releases would be made by the company with regard to Jobs’ health or Ipod sales and pretty much of an awareness, as well, as to what those announcements would say.
MacDailyNews Take: No mention of the blatant fomenters and other assorted media dregs that distort, concoct, and outright lie about Apple in obvious attempts to affect the company’s fortunes and, directly or indirectly, the company’s stock price? The SEC fails again. No surprise. Still, semi-awake beats brain-dead every time.
Also, please see: Which media outfits are the worst Apple fomenters? – August 31, 2009
Dorfman continues, “Judging from ‘some uncanny trading’ that he saw taking place in Apple, one hedge fund trader told me ‘it almost looked at times like the buyers and sellers were working at the company.'”
Full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” and “Wingsy” for the heads up.]