July 11, 2007

More Apple stock manipulation

First story this Reuters story comes out:

"Chang said a way to follow up the iPhone with a cheaper version would be to convert the Nano into a phone and price it at $300 or lower. The iPhone sells for $500 and $600, depending on storage space.

"We believe that iPod Nano will be converted into a phone because it's probably the only way for Apple to launch a lower end phone without severely cannibalizing iPod Nano," he said noting that the new phone could have "rather limited functionality."

But then shortly after JP Morgan releases several other stories expressing the doubt of this story.

What a load of crap, I wonder how much money this Kevin Chang from JP Morgan and his friends made manipulating the Apple stock price.

This happened when Engadget posted the possibility that the iPhone shipping date was going to be delayed a few weeks back. The stock price went for a roller coast ride until the news was retracted.

Sigh, I can't people can actually do this and get away with it.

 

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