Apple Stock Trading Under Scrutiny
Apple is accustomed to scrutiny for its business practices, it seems to be the brunt of a monthly lawsuit. But now things are different, just past the options pricing scandal, Apple is under the eye of the SEC for possible insider trading. The HuffingtonPost, well connected as they are, have received documents that outline four specific times where “uncanny trading” took place.
Uncanny being poor code for trading with inside information. Of course, Apple stock has been doing quite well lately, doubling in recent months. This of course means that there are few investors scared or annoyed about Apple. The SEC disagrees. Especially with a company like Apple that values secrecy over transparency, insider trading allegations could put a dark cloud over the Snow Leopard dawn.
The actual areas of suspicion, mostly regarding Job’s health and iPod sales information have a full insider flavor attached. Who else knows anything about what is going on in Cupertino? If these trades can be proven as irregular, and they can track down the source, we may have not just a inquiry, but a major lawsuit in the works.
As a final note, there are 16 million shares short against …
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