“The last time we wrote about Doug Kass — a small hedge fund manager with a large presence on CNBC — it was to document a nifty piece of stock manipulation played out on his Twitter feed in February, the day before Apple’s annual shareholder meeting,” Philip Elmer-DeWitt reports for Fortune. “Apple’s share price was down and Kass was long the stock. He tweeted a rumor that the company was about to announce a split, the stock went up, he sold his shares at a profit, he tweeted that the rumor was baseless and then spent the rest of the day hurling insults at his critics.”
“Well, Kass is at it again. On Sunday, citing the same “Gnome” that was the source for his stock split story, he tweeted: ‘@DougKass: From my Gnome, high above the Alps – ‘Is Apple’s Tim Cook… Cooked?,”” P.E.D. reports. “Kass, it turns out, is not alone in suggesting that the solution to Apple’s woes on Wall Street is to fire its CEO. We’ve been hearing whispers to that effect from disgruntled shareholders for weeks, but now — two days before Cook is scheduled to report Apple’s March quarterly earnings — they’ve come to the surface.”
P.E.D. writes, “Make no mistake, the people who want Tim Cook’s head on a spike are not friends of Apple.”
Read more in the full article here.
MacDailyNews Take: As we just wrote on Saturday, “Funny, we didn’t hear anybody complaining about Tim Cook last September as Apple went parabolic nearly a year after Steve Jobs’ death. Patience, padawans; not much longer now.”
We wouldn’t bet against him. – MacDailyNews Take, regarding Tim Cook, December 12, 2012
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Doug Kass shows how easy it is to manipulate shares of Apple – February 27, 2013
Can the U.S. SEC prosecute Doug Kass over Apple stock split rumor? – February 27, 2013
Rotten rumors of impossible Apple stock split helps fund manager Kass clear profits – February 26, 2013
Apple stock split rumor pushes shares higher – February 26, 2013
Doug Kass: Apple to announce stock split on Wednesday – February 26, 2013