I'd not timely heard the bogus rumors re the Lenovo buyout of NOK.
wmpoweruser.com
But, it does seem a too obvious effort in "management of share prices by rumor"... other wise known as "flagrantly illegal manipulation"... which looks to be more particularly interesting, coming as the rumor mongering did, precisely coincident with the Dark Knight Trading Debacle of 2012... ?
And, also, almost synchronous with the reports of "insider buying"... which itself seems it was clearly orchestrated and intended mostly to serve as tool to manipulate trading in the shares. That is, unless that appearance was intended to mask the larger issue in the accelerating pace in dilution, as the backdoor distribution of company ownership interests accelerates, with the value of a share being diluted through the rapidly expanding transfer of option based interest to management...
So, who was responsible for creating the rumors ?
Traders ? Market makers ? Competitors ?
Clear enough that there could be no expectation there would be "legs" to the rumors, so it had to be a short term focused trader behind the NOK trading scam... ?
I don't think it says very much for the intrinsic value of NOK shares that that many shareholders were that easily suckered by and excited by what seems in hindsight that it was a CLEARLY bogus rumor... and, that there were as many as there were who were as anxious as they were to sell shares into the news... ?
Hmmm.
I'm not quibbling with the choice to take profits on a stupid bit of market excess, of course... whether it was fueled by rumors or by market makers not being able to tell a short sale from a buy, up from down, etc.
What are the odds, do you think, that those two simultaneous events were "a coincidence" ?
And, of course, there may be more news yet to come on the origin of the share volume that KCG had to be able to churn through ? The media stories describing their trades can't be overly correct... as they'd not explain the $ losses being reported ?
Was KCG's software... sabotaged ? Were they also set up on the trade structure and the rumors ? Gee. I wonder who could possibly be morally bankrupt enough that they might consider doing something like that ?
I shake my head, constantly, that anyone still bothers to pretend that trading the NYSE is any different than trading pink sheets...
And, then, for NOK to have the pitch that was made in the rumors be dismissed by being LAUGHED AT... ?
Ouch...
I think it's obvious enough that there are some serious "disconnects" apparent in the market for NOK shares.
No doubt there's bad actors on both sides of the trade, here... with the company obviously "fluffing" numbers in their filings, and pretending option based dilution is "insider buying"... with the rumors and the "software glitches"... not looking like "coincidence" to me...
Was stunned, also, to see the link I posted quoting the SEC as saying that anything that occurs inside of second is something they ignore as "noise"... ?
LOL!!!
What sort of moron do you have to be to get a job at the SEC ?
That sort of deliberate advertisement of purposeful ignorance is "issuing a license to steal" of course...
I doubt anyone is "missing" that point, today...
And, it's obvious that ANY temporal limit in drawing lines they choose not to see beyond... is no more rational than the SEC saying... "we don't care what happens on Friday's, because what happens on Fridays is just "noise" ".
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