Apple stock closes down 4.15% in largest point drop plunge:
Some reports attributed the drop to rumorsinitiatedby BITG Research analyst Walter Piecyk, who went against the grain last week in issuing a downgrade on the company based on fears that mobile carriers would begin refusing to pay top subsidies to carry the iPhone.
(Via www.appleinsider.com)
Sounds like another in a long series of Wall Street guys purposely making up nonsense to make a quick buck on Apple stock. Happens a few times a year. Make up anything that sounds vaguely possible and negative to people who aren’t paying attention, cause a panic, everyone sells, price goes down. Wall street guys buy like maniacs. A week later, Apple announces record sales again, and the price goes back up. Wall Street guys make millions.
And no one goes to jail.
