The Street, which is about .01% correct in picking Apple information has a doozy today that is obviously inclined to drop the stock price. Today, they predict that Apple is planning a massive recall on batteries. They go on to say "Additionally, it is rumored that AT&T will be awarded another year to be the exclusive carrier of the iPhone in the U.S. and that Apple will be refreshing its notebook line in time for the back-to-school season."
This sounds a bit like their 2007 prediction in which they announced that Steve Jobs is going to take a leave of absense from the company and Eric Schmidt would be taking over. Or this one where Steve Jobs is getting sent up the river on options charges. Stock drops temporarily… a lot of money changes hands.
Doug Kass is the face behind these predictions. Anyone think this will come true? Will the stock drop? Will Kass’s constituants make a boatload of money?
How obvious does market manipulation have to get before someone calls them out?
SEC? Anyone home?
Oh, and the flip side is that Apple is selling iPhones like iPancakes. MacBooks will be released in late September (after school starts) and the AT&T rumor speculated by USA Today goes against their earlier statement that AT&T inked a 5 year deal with Apple. Likely, neither are true.
If you want advice on Apple stock, perhaps trying Cramerwatch.org’s monkey (the primate has a better record than the Street’s founder, Jim Cramer) would be a better choice.
FTC: We use income earning auto affiliate links. More.