OnThursday the stock got overbought, Today it got oversold and came back a bit. The volume of 100 mil plus for 2 straight days with a big jump Thursday and big drop Friday proves this point that this is not manipulation. This is especially true when you consider the amount of money needed to manipulate with over 4 billion in value changing hands in 2 days.
Manipulation doesn't require that much money. You just have to prime the pump. You get some of the sheep headed off the cliff and the rest just follow. How do you think Wall Street knocked ten bucks off the price of Intel? They got it going and the skumbag momentum playing drooling mob did the rest.
If these people saw someone getting mugged in an alley, they would rush to join in. It's like the wingnut that just told me. It's about making money. Or manipulating people out of money. Or defrauding people out of money. Or scaring people out of money. Or tricking people out of money. He very clearly indicated that ethics had no place in investing. That's your drooling mob momentum crowd at work. You just get things started and wait for them to show up.
It happens because the people with the money make the rules. What happened to the uptick rule? Why doesn't naked shorting get policed? Why was high-speed trading ever allowed? You trace all of this unethical behavior and it leads right to Wall Street's largest firms. They could care less how they transfer your money to their pockets. So, let's not pretend that this isn't happening. It is and the average investor needs to stop looking the other way...
agreed. I sold the rumor and made $ and bought the news a little high at 21.50. Any mkt intc wants they will take. I worked for hrs and we developed wireless. Intc saw that and 2 years later took that market and we had to sell to lucent i think cant quite remember.. Anyway the point is intc missed mobile but the gorilla will adjust and take that mkt too. Collect the divi and watch.