SEC Investigating Insider Trading of Apple Stock

hmmm, let's see where this one goes :eek:

PSSSSHH... Good Luck. :)

MacRumors has more accurate than not "predictions" about pending Apple announcements, the content of those announcements, and I dare say, far more than 98% of Apple employees themselves receive.

If I were an Apple employee I would not trade in Apple stock with any frequency and make sure my trades were either scheduled or guided by buy and sell stops, so the trade itself does not have suspect "timing".

But I can say from first hand experience that trading AAPL stock largely based on MacRumors articles is practical and profitable.

This year we also have an overlay of the market itself crashing bringing down even good company stock prices. That was an unprecedented opportunity to buy good companies at low prices independent of all other factors, and AAPL is an above average stock to begin with.

SEC should leave AAPL alone unless they actually have evidence land on their doorstep of illegal acts, and Obama should stop annoying the CIA, who let's face it, works entirely for, and at the pleasure of, the President! Whichever President!

I bet my good suggestions are ignored and this administration does the wrong thing both times.

Rocketman

Here's to hoping that Apple will be upfront and honest with these allegations by the SEC. Apple plays their cards mostly by this massive image that they have created. I would hate to see them tarnish it over petty financial schemes and backroom trading. I really don't need to see a Michael Moore film that targets an evil Apple Corporation...

Again? Sigh

Here's to hoping that Apple will be upfront and honest with these allegations by the SEC. Apple plays their cards mostly by this massive image that they have created. I would hate to see them tarnish it over petty financial schemes and backroom trading. I really don't need to see a Michael Moore film that targets an evil Apple Corporation...

From what I understand, the SEC is not targeting Apple directly, but brokers who trade AAPL.

I think it is someone who thinks they are better than everyone else and should benefit from their position. You know, the type of person who can "organ shop" small southern states by flying in you their own jet.

(gets on cell phone) SHRED EVERYTHING (/George Bluth quote)

I just wish I had bought some Apple stock in January when it was at around $70 a share. Now it's up to over $160 a share.

If traders have engaged in insider trading then they should be held accountable for any breach. I'd hope there is evidence to warrant the investigations. The 3 possible reasons cited by 'Wall Street sources' don't sound far fetched at all, and are situations that would allow an insider trader to benefit.

That being said, and this is not directed at any previous poster, I do not think we should take shots at any current Apple executive if there is no allegation against them or at Apple as a whole.

We hear about this because we all follow Apple closely, but I am sure there are incidences involving other company stock. We just don't follow those companies closely. This is in no way defending Apple, but until the evidence proves Apple or its executives were involved I don't feel it appropriate to speculate. If they are guilty, then through the book at them, but give the SEC their due diligence to determine who is at fault.

And my 2 cents have just expired...