“You can’t foment,” Cramer said. “That’s a violation. You can’t create yourself an impression that a stock is down. But you do it anyway because the SEC doesn’t understand it. That’s the only sense that I would say that it is illegal. But a hedge fund that is not up a lot really has to do a lot now to save itself.”
“This is actually blatantly illegal,” Cramer stated flatly, “but when you have six days and your company may be in doubt because you are down, I think it is really important to foment. If I were one of these guys, foment an impression that [Company X] isn’t any good, because [Company X] is the key today.”
Cramer explained, “It’s important to get people talking about it as if something is wrong with [Company X]. Then you would call the [Wall Street] Journal and talk the bozo reporter on [Company X] and you would feed that [Company Y] has got a killer it is going to give. These are the things that you must do… And if you are not doing it, maybe you shouldn’t be in the game.”
With that definition in mind, and in light of the SEC article we just posted, which media outfit, and/or individuals, if any, do you believe is the worst Apple (AAPL) fomenter? And, please include examples (links) to specific instances if you have them. If you don’t believe the media outlets and/or an individuals would do such a thing, please let us know, too, as we have a rather large-sized bridge in Brooklyn for sale that you’ll surely love.