aznt1217
Active Member
Wow interesting. Basically his words are "chill out" and stop fear mongering lol
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No way that doing that is legal.. That's totally giving out information about a company in a non-public way.. Unless that email went out to everyone in the world first.
I'm enjoying the fact that a bunch of Chano's SCTY money is in my wallet nowMaybe Chanos is one of them.....SCTY is up 10%!
AAPL was at 95 and turned based on that email and is now positive. It was also the first to turn. Tim Cook is now more powerful than Janet Yellen.No way that doing that is legal.. That's totally giving out information about a company in a non-public way.. Unless that email went out to everyone in the world first.
No way that doing that is legal.. That's totally giving out information about a company in a non-public way.. Unless that email went out to everyone in the world first.
Not sure what you are looking at but google shows over 105 million shares traded of AAPL (almost 2x avg.).That was very interesting indeed. Very uncommon for Cook. Apple, Google and a few other giants have tremendous power.
Edit: the volume on the AAPL swing today was also very low: only a bit over 4 million shares traded yet today. That's as many as TSLA (which is x2 the price). Go figure...
Here is the SEC ruling SEC.gov | SEC Says Social Media OK for Company Announcements if Investors Are AlertedI think that it would kinda fall under the SEC's social media disclosure rules. CNBC very quickly disclosed it both on tv and on twitter and other news outlets reported on it. I'm not an expert on Reg FD though.
“One set of shareholders should not be able to get a jump on other shareholders just because the company is selectively disclosing important information,” said George Canellos, Acting Director of the SEC’s Division of Enforcement. “Most social media are perfectly suitable methods for communicating with investors, but not if the access is restricted or if investors don’t know that’s where they need to turn to get the latest news.”
Regulation FD requires companies to distribute material information in a manner reasonably designed to get that information out to the general public broadly and non-exclusively. It is intended to ensure that all investors have the ability to gain access to material information at the same time.
Here is the SEC ruling SEC.gov | SEC Says Social Media OK for Company Announcements if Investors Are Alerted
Tim Cook was replying to Jim Cramer's email inquiry so I am not sure how this will play out.
Cook could have simply said posted on twitter, and THEN, replied to cramer in an email. But nooo, he had to give a head start to cramer and his friends...I think Cook now needs to give out his email address to all AAPL investors and answer questions from them while making all the email exchanges public?
Its going to be interesting to find out how long they held the info before the tweet was made & who else at CNBC was in the loop.Cook could have simply said posted on twitter, and THEN, replied to cramer in an email. But nooo, he had to give a head start to cramer and his friends...
Brilliant. If people are only allowed to buy, not sell, not sell short then the stock market will go up forever and ever. I guess that's kind of what the Chinese government has tried.
Chinese authorities are in the process of regulating stock market sell-offs out of existence. They’re investigating foreign and local hedge funds that trade in both directions, outlawing the selling of insider shares by corporate executives and banning short-selling.
With nationalistic sloganeering and promises of stability, Beijing thinks it can eliminate the fears that have gripped the local investor class.
It won’t work. And they shouldn’t try to prevent market panics, in any case.
Stock markets have to go down. The Chinese stock market must fall. So must the US stock market. Without the threat of losses, the gains never show up.
I want you to picture a world in which stocks never went down. What multiple would you pay for the earnings of a public company’s stock if it was never going to drop? What would make you ever sell your stocks other than needing to use the money?
In theory, you would pay an infinite multiple and you would hold on forever. A one-way asset would eventually surpass whatever price you paid in a best case scenario, but the worst case scenario would be flat returns.
If that sounds great, I can assure you that it’s a horror story.
So relevant from Josh Brown:
Stock markets have to go down. The Chinese stock market must fall. So must the US stock market. Without the threat of losses, the gains never show up.
So relevant from Josh Brown:
In theory, you would pay an infinite multiple and you would hold on forever. A one-way asset would eventually surpass whatever price you paid in a best case scenario, but the worst case scenario would be flat returns.
If that sounds great, I can assure you that it’s a horror story.
Yes, but not at the same time haha. And how does having no threat of losses means no gains? There's either loss, no change, and gains. No loss means there is just no change or gains.
Infinite gains/profits going upwards with worst-case flat returns, essentially guaranteeing your principal investment? Sounds good to me.
Here is the SEC ruling SEC.gov | SEC Says Social Media OK for Company Announcements if Investors Are Alerted
Tim Cook was replying to Jim Cramer's email inquiry so I am not sure how this will play out.