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Technology Stocks : Apple Inc.
AAPL 255.53-1.0%Jan 16 9:30 AM EST
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To: Lizzie Tudor who wrote (56408)8/28/2006 4:33:19 PM
From: David Bogdanoff  Read Replies (1) of 213182
 
Lizzie;
This is a good example of how certain companies can easily be manipulated. Companies that do not pay dividends, have stock buyback programs, or issue guidance are like dry leaves in a winter storm. Any rumor knocks the price down, providing easy profits for shorters.
BTW, as has been pointed out on this board(by yourself if not others), it is not illegal simply to issue backdated stocks, which is something Jobs may have been involved in at Pixar. The illegality can occur subsequently in regards to how the public announcement of the options(were shareholders misinformed?) or the tax treatment of the options. It is not so clear that Jobs is connected with these activities.
jmho,
Bogtalk
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