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Hate to throw cold water on a nice conspiracy theory, but today was a 7 million share day for AAPL. IMO the cost of an orchestrated effort to hold the price down or prop it up on a day like today would be enormous, and so nobody would do it. This is not like a government b'crat trying to prop up a currency with somebody else's money. Here everybody has a real bottom line so they don't throw money away.
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Seems like that to me too, Joe. Nevertheless, I would expect the market to gyrate wildly as waves of buyers and sellers won their little supply and demand battles. This has not happened for three days now, at least until near the close. The price has been way too steady at the seemingly artificial levels of 18 1/2 on Wed, 19 on Thurs, and 19 1/2 today. Someone posited that Goldman Sachs could have been involved with this (or any other large market maker or brokerage for that matter). I have no ideas what might have occurred over these three days, but something out of the ordinary sure seems to have, IMHO.
One other item. I think someone posted here a few days ago about the results of an Oracle/Apple merger. If any of you out there can suggest the likely affect on the price of the two stocks if this were to happen at say a one-to-one merger, would you please post. I have no idea how to calculate this. This is just a what if sort of exercise, to provide a little understaning of the situation. Thanks.
Sam |
