Friday, December 29, 2006

Were they "Ma-nipple-ating" Apple Stock This Week?

Many years ago, when I worked as a stockbroker, there was a retired fellow who used to call in for his quotes (this was in the pre-PC, pre-Internet days). Whenever his stocks were down, he used to say "They're ma-nipple-ating it I tell you. There ma-nipple-ating it! Those specialists are manippleating the stock market." So was Apple Computer (AAPL) being manippleated, I mean manipulated, this week? It raises eyebrows when the stock is down about 5% one day, up around 5% today, on basically old news. It wouldn't be the specialists since it is traded on NASDAQ, but could it be other investment groups that are behind this? Phil's Stock World wrote an interesting piece on this.

Author owns AAPL.

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