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Absolutely. If someone else (preferably rich) thinks that $500 doesn't justify true value of Apple, he could buy in the market, and good luck to short-sellers t
by btian 14y ago
Absolutely. If someone else (preferably rich) thinks that $500 doesn't justify true value of Apple, he could buy in the market, and good luck to short-sellers to borrow so many to sell.
My guess is that it's just some insider selling, and it's coincidental that it closed at $500 on option expiry date. Otherwise it would be hard to explain how it ended at $486 on Wednesday.
- kjackson2012 14y agoIt's not legal. It's price manipulation. However, the SEC doesn't care, because it's very hard to prove.
- travisp 14y agoIf you're sure the price is being manipulated low or high in the short term, then you have a very easy money making opportunity.