SEC investigating Apple and other analysts supply chain reports for insider trading
1. Mxyzptlk (Posts: 3213; Member since: 21 Apr 2012)
I don't see how this investigation is justified.
7. VZWuser76 (Posts: 1175; Member since: 04 Mar 2010)
With what happened today, this investigation would actually benefit Apple. That leak about display orders being reduced made Apple's shares go down. Now of course if the leak had said they were increasing their display orders Apple's shares would have gone up. The point is that leaked info is being used to manipulate the stock market, in particular any companies that are involved with the iphone.
Just because Apple is being investigated doesn't mean it's bad. They, like any other company, are not above the law. They have rules to follow like everyone else. Being a fan is one thing, following someone absolutely blindly is not good. It's not realistic, ad they will eventually let you down.
12. QWIKSTRIKE (Posts: 829; Member since: 09 Mar 2010)
This is what happens to any stock when sales slow , and euphoria starts to wane
8. Droiddoes (unregistered)
You wouldn't. Tim Cook could take a sh*t directly into your mouth and you would thank him and say "please sir, can I have some more?"
11. PhoneArenaUser (Posts: 5430; Member since: 05 Aug 2011)
"I don't see how this investigation is justified."
Of Course you don't see.
2. Nathan_ingx (Posts: 2992; Member since: 07 Mar 2012)
Ooo... The fruit is getting more and more bitter day by day.
3. rusticguy (Posts: 2818; Member since: 11 Aug 2012)
So this is why TIM Cook was headed to China ... to investigate who's leaking such nasty info which is causing shares to slide or he knew this info would leak so was there to prevent the leak ... :)
18. remixfa (Posts: 13902; Member since: 19 Dec 2008)
more than likely it was actually to try to directly strong arm China Mobile into carrying the iPhone at an Apple approved cost to keep margins high. Considering they had a sit down with China mobile, that's the most likely scenario.
Apple traders benefit from this. They all call each other and talk about the latest news, then report it to the media. While the media is reporting it, they are selling their shares which causes a loss in value. When the media reports come out, more people sell shares.. which makes the value drop further. Give it a day or 2, buy back your shares at a cheaper price, wait for it to go up a bit... then start a new rumor. Rinse and repeat. Making millions for nothing.
6. SIGPRO (Posts: 393; Member since: 03 Oct 2012)
The fruit keeps rotting and rotting eventually it will not exist anymore!
15. -SEUL8TR- (Posts: 113; Member since: 13 Jan 2013)
Just give it a another few years, shares would tumble to $100......!
9. Droiddoes (unregistered)
LMFAO, could this company become any more disgusting or immoral?
Burn baby BURN!
10. QWIKSTRIKE (Posts: 829; Member since: 09 Mar 2010)
I did predict this through my Elliot wave post here over a month ago that this would happen ad that $485.00 may probably be a target. Elliot waves are based on emotion of euphoria and fear of greedy investors and their reactions to technical highs like the wave 5 top that I posted that Apple was probably in. I predicted Apple would try to retrace back to the higher target in a "b" wave then fail as a "c" wave to lower lows. Now the SPX market will pull back after the 1st quarter, and then let's see how the Feds quantitative easing keeps this going.
Possible pull backs 1340-1285!
13. XPERIA-KNIGHT (Posts: 2384; Member since: 08 Aug 2012)
wow, good stuff there......so you see them falling again "after" a possible 1st quarter comeback?
19. QWIKSTRIKE (Posts: 829; Member since: 09 Mar 2010)
I said it all in this thread link, and many other threads and look what happened from my November prediction about the stock, and it unfolded just like I said that it would. I have taught, and studied Elliot waves and traded for real with real money not fiction!
14. InspectorGadget80 (Posts: 6118; Member since: 26 Mar 2011)
Apple should also be ingestigated how they keep banning products and why their trial was so short &a awarded.