Seeking Alpha
  • westcoastinvests
    AAPL getting pegged to 700 as options expire shows again how rigged the short term game is
    9/21/12
    Reply (7)
    • mdesilvio: it is impressive to land so close to the mark; even NASA can't land it that close.
      9/21/12
    • kevin1533: lol
      9/21/12
    • Skull & Bones: Wall Street is much smarter than those fools at NASA.
      9/21/12
    • westcoastinvests: Not sure about smarter but they are certainly more out for themselves.
      9/21/12
    • mdesilvio: I think the word you're looking for "westcoatinvests" is motivated...
      9/21/12
    • pocohonta: Market makers pin it to pennies above/below option strike price. Retail investors let it expire & mkt makers then exercise to pocket pennies
      9/23/12
    • pocohonta: The trick is for us to realize that pinning will happen, and position ourselves to benefit from the expected stock manipulation each Friday.
      9/23/12