Because they want to push the price up. They tell their friends and relatives to buy with personal funds, then use customer funds to hedge and push up the price with a large block purchase. Their friends and relatives sell on the rise, make a ton of $$.. Then the stock falls. It's done all the time. It's criminal. But the SEC can't control it.
First of all, the dude on CNBC was bald, wearing a striped suit with a plaid shirt and a paisley tie. Signs of ultimate psychosis. If AAPL were to price at $240, it would have a cash to market of 0.50. Unheard of. What the dumb anals should be focusing on is what AAPL will do with its $100 BILLION ++ in cash. IMO, they are doing the right thing. Nothing. As the economy continues to deteriorate, cash will rule supreme and AAPL will acquire the best.
Actually, I think we are on the same page with this one. I think it could bounce around 28-29, but I am selling puts, and will just keep rolling them out at this level. The media is jumping all over refining margins right now. You know, when a stock is down, they say they knew it... etc.
Yeah, I worked over 30 years in the Exxon Building 800 Bell Houston with its metal walls and wonderful Petro Club on the 42nd floor. Rex is a good buddy. So I sold some 30 puts. Big deal. And it's 'know' not no... IQ is low as stated previously.
I know you have a very low IQ, but it would be help#$%$l if you could provide meaning#$%$l thought and info to dispute what I have posted... #$%$.
interesting. They posted record profits, reduced debt, paid a special dividend.... got a Credit Suisse UPGRADE... and investors keep selling.
this may be a bit oversold.
If you look at the most recent Quarter, they made about $1.00/share. AND, that was with an extra $0.40/share in one time selling and admin costs used to make the company more cost efficient longer term. So, it's the PE here that will set the floor. Currently 6:1 which is way below all similar companies. Good luck.
So you sold on the Credit Suisse upgrade... Why? The company is floating in cash, eliminating debt, buying back shares, and posting record profits..... Interesting.
Hey, it's the stock market. But when Credit Suisse says BUY and puts a target about 40% above the current price, I pay attention. CS is not a fly by night group.