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Hedge Fund manager shows how easy it is to manipulate shares of Apple

Anonymous Coward writes | about a year ago

Apple 0

An anonymous reader writes "In early trading on Tuesday, shares of Apple dropped down to about $437 a share, the lowest Apple has traded at in over a year.

But a curious thing happened just about 3 hours into the trading day.

Hedge fund manager Doug Kass put a tweet teasing the idea that Apple was going to announce a stock split on Wednesday during the company's shareholder meeting.

Shortly thereafter, with Apple trading at $449, Kass put out another tweet saying that it's about time he sell off some of his Apple shares.

But just one hour later, as Kass continued to sell off his shares of Apple, he tweeted out that the rumor — which he effectively willed into existence — was baseless."

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