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Robert McDonald
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FROM INSIDE SILICON VALLEY: Sorting the truth or likely truth from the noise is a key attribute of the successful investor. My commentary is a distillation of some of this effort relative to particular stocks and investment areas. My publishing at this point in time is limited to the blogsphere,... More
  • A FLAGRANT EXAMPLE OF APPLE STOCK MANIPULATION BY J.P.MORGAN 0 comments
    Sep 27, 2011 11:37 AM | about stocks: AAPL, JPM
    WE HAD AN AMAZING IN YOUR FACE EXAMPLE OF APPLE SHARE PRICE MANIPULATION BY JP MORGAN YESTERDAY, 9/26/2011 -- TIME FOR CONCERNED INVESTORS TO MAKE THEIR CONCERNS KNOWN TO THE SEC!
     
     
    ALL OF THE INFORMATION NEEDED IS AVAILABLE ON A COMBINATION OF THE FORTUNE TECH BLOG, THE BARRONS TECH BLOG AND IN THE REFERENCED BLOOMBERG ARTICLE. APPLE DROPPED TO $391.30 FROM ROUND NUMBERS $405 ON THE NEWS FROM JP MORGAN ASIA EARLY IN THE MORNING THAT APPLE WAS REDUCING ITS IPAD ORDERS TO ITS CHINA MANUFACTURER WHILE IGNORING THE STARTUP OF A NEW IPAD FACTORY IN BRAZIL.

    tech.fortune.cnn.com/2011/09/26/did-j-p-.../


    IT SHOULD HAVE BEEN OBVIOUS THAT THE CANCELLED ORDERS HAD BEEN TRANSFERRED AND EVEN JP MORGAN U.S. ADMITTED THIS BY THE END OF THE DAY. THEY REAFFIRMED IN A BULLETIN THAT THERE WAS NO PROBLEM WITH IPAD ORDERS. THE STOCK RECOVERED BEFORE MARKET CLOSE TO $403.17 DUE TO A NUMBER OF REPORTS QUESTIONING THE JP MORGAN ASIA CLAIM. 
     
    IT IS TIME TO STAMP OUT THE CORRUPTION IN THE FINANCIAL INDUSTRY. IT HAS COST TAX PAYERS, 401K'S AND INDIVIDUAL INVESTORS DEARLY. TIME TO LIMIT FINANCIAL INDUSTRY EXECUTIVE BONUS PAYOUTS TO THE ACHIEVEMENT OF BUSINESS WORTHY AND SUCCESSFUL LONG TERM RESULTS THAT PASS THE SMELL TEST.   THEY ALSO NEED TO BE LIMITED TO LESS THAN A FEW THOUSAND K AT THE MOST. MILLION DOLLAR PAYOUTS PAY EVEN HIGH INTEGRITY PEOPLE TO CHEAT.  AND NONE OF THESE GUYS DESERVE THE MILLION DOLLAR TAKE HOMES THEY HAVE BEEN AND ARE STILL GETTING.  AMERICA'S CORPORATE EXECUTIVES NEED TO TAKE LEADERSHIP ACTIONS THAT ARE CONSISTENT WITH BUILDING AMERICA AND NOT TEARING  IT DOWN.

    IT SHOULD ALSO BE NOTED THAT J.P. MORGAN IS THE INVENTOR OF MORTGAGE BACKED SECURITIES (MBS) THAT CONTRIBUTED HEAVILY TO THE RECENT GREAT RECESSION.
     
    DUE DISCLOSURE: VERY LONG ON APPLE
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