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Story: Apple defends Steve Jobs in options row

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Posted by: John Molloy (Saturday 30 December 2006, 12:47 PM)

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Apple defends Steve Jobs in options row

It's been an interesting week of Apple news in a slow slow week.

First we had two days of talking the stock down knocking large amounts off Apple's share price.

I read somewhere (sorry I KNOW that isn't admissible evidence especially that I couldn't paste the reference here.) that both the Recorder article and the FT originated from San Francisco.

Then we had the filing on Friday and the price rising almost 4 Dollars on the day.

So if you had bought Apple shares on the Wednesday morning when the original article hit you would have made a LARGE amount of money. Something like 10 dollars a share. I'm pretty certain quite a few people did this.

Someone, somewhere has been manipulating the stock price.

Some details about the order of things can be found here:

http://ce.seekingalpha.com/article/23189

John Molloy

John Molloy
IT Consultant
Member since: November 2006

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