Apple CEO Tim Cook could face SEC scrutiny for violating fair disclosure regulation

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Comments

  • Reply 41 of 76
    foggyhillfoggyhill Posts: 4,767member
    Quote:

    Originally Posted by wood1208 View Post



    Tim didn't say anything against SEC regulations but same info he could have said in public 2 minutes on TV as public info. SEC will tell Tim, next time be careful.

     

    Public info doesn't mean everyone gets it at the same time, just they can potentially could all get it at the exact same time. There are always people who will get it before, even if its by 0.1 seconds... The person who got it at the 1 second mark will complain about it obviously...

  • Reply 42 of 76
    jfc1138jfc1138 Posts: 3,090member
    Quote:

    Originally Posted by SpamSandwich View Post

     



    Not that you need to explain yourself, but presumably your buy was very large if you consider it your best trade?




    The percentage gain wouldn't change so on a  gauge of best % in a day trade....

  • Reply 43 of 76
    Tim Cook made a public statement. Everyone who trades daily had access to it.
  • Reply 44 of 76
    geekmeegeekmee Posts: 634member
    So does this mean that SEC is now going to investigate... every guest that Cramer talks to?
  • Reply 45 of 76
    technotechno Posts: 737member

    of all people, why that idiot Kramer?

  • Reply 46 of 76
    Quote:

    Originally Posted by gregq View Post



    I applaud AI the use of the use of the word "shenanigans" - love it image

  • Reply 47 of 76
    maestro64maestro64 Posts: 5,043member

    You're now seeing why Steve Jobs did not like Wall Street they will bite the hand that feeds them every time. Really someone need to tweet the email. I do not think this help the stock today. The blood bath happen and the vultures sweep in to take what they could before the idiots realize what was happening. It is all paper losses until you sell, and what you will see is the weak stocks will die and never come back and the good companies will see more money pour into them since only the good will still be around.

     

    Of course the stock market is not going to affect China, why because most Chinese with money do not invest in the markets, it is too new of an idea for them to trust, they are like my parent who grew up during the depression the mattress was the only safe place for real money. Most Asian are the same way, why do you see so many Asian home invasion in the US, because they keep their money close to them and other Asian know this. China economy will be fine as long as Americans keep buying goods made in China and the Chinese keep liking expensive things and use their cash to buy it.

  • Reply 48 of 76
    daven wrote: »
    No. I think the issue is that you are giving one person a heads up before giving the public at large the same heads up. Next time Apple may want to publish the email in the Apple PR section of their web site simultaneously with sending the message to Cramer. The sad thing is I just saw a news article claiming that the release was a desperate act to shore up the stock price to keep people from leaving Apple. The same site also bashed Apple when they didn't issue such statements so it is darned if you do and darned if you don't.

    Yeah. Unlike well-connected analysts, who can leak secret product info, mixed with assumptions and FUD with impunity.
  • Reply 49 of 76
    atlappleatlapple Posts: 496member

    Tim could argue that CNBC has a total audience of 4 people.

  • Reply 50 of 76
    techno wrote: »
    of all people, why that idiot Kramer?

    For the past couple of years, Kramer has been incredibly -- and consistently -- supportive of Apple as a stock to buy and hold, rather than to jump in and out of.

    Also, he loves his AppleWatch, parading it around and flashing it in his morning show almost every single day.

    Perhaps those things matter to Cook.
  • Reply 51 of 76
    mubailimubaili Posts: 454member
    Cook divulged nothing of importance with his communication to Cramer (of all people). It was all very bland and free of numbers.

    On the other hand, Cook should never talk to circus monkey Cramer anyway.
    sigh! The market did stage a fake recovery on top of Cook's comment. Without the comment we would most likely have a 1000 point bloodbath.
  • Reply 52 of 76
    rogifanrogifan Posts: 10,669member
    mubaili wrote: »
    sigh! The market did stage a fake recovery on top of Cook's comment. Without the comment we would most likely have a 1000 point bloodbath.

    We don't know that the market turned around because of what Cook said. And Apple was still down over 2% on the day.
  • Reply 53 of 76
    SpamSandwichSpamSandwich Posts: 33,407member
    Quote:

    Originally Posted by mubaili View Post





    sigh! The market did stage a fake recovery on top of Cook's comment. Without the comment we would most likely have a 1000 point bloodbath.



    Meh. No one died as a result of this.

  • Reply 54 of 76
    rogifan wrote: »
    mubaili wrote: »
    sigh! The market did stage a fake recovery on top of Cook's comment. Without the comment we would most likely have a 1000 point bloodbath.

    We don't know that the market turned around because of what Cook said. And Apple was still down over 2% on the day.

    That's a rather daft statement.

    It was down 13% before that, at its worst point. An 11 percentage points reversal.
  • Reply 55 of 76
    rogifanrogifan Posts: 10,669member
    That's a rather daft statement.

    It was down 13% before that, at its worst point. An 11 percentage points reversal.

    Lots of stocks came back today, not just Apple. At one point Netflix was down over 16%. It ended the day down about 6.8% but up 2.5% after hours.
  • Reply 56 of 76
    rogifan wrote: »
    Lots of stocks came back today, not just Apple. At one point Netflix was down over 16%. It ended the day down about 6.8% but up 2.5% after hours.

    Netflix is a ludicrous comparison to Apple. It's a stock with some weird PE ratio in the region of 200x to 300x, i.e., you would therefore expect that stock to be all over the map.

    Not remotely in the volatility league of an incredibly mature, stable company like Apple with a PE ratio not even in the low teens (even including the cash).
  • Reply 57 of 76
    ktappektappe Posts: 824member
    Quote:

    Originally Posted by anantksundaram View Post





    That's a rather daft statement.

     

    You're calling someone else daft when you claim a single letter by a single CEO to a single newsman somehow reversed the entire stock market. Oh, which it didn't, because the world markets are continuing as I type this to decline, just as they did before the letter.

     

    Are you a fanboi of Mr. Cook much??

  • Reply 58 of 76
    I'm pretty sure that disclosing anything to Jim Cramer was considered a "media" release by Cook.
  • Reply 59 of 76
    singularitysingularity Posts: 1,328member
    thomasfxlt wrote: »
    I'm pretty sure that disclosing anything to Jim Cramer was considered a "media" release by Cook.
    The point is that a media releases is to all media outlets at the same time and nit to one individual
  • Reply 60 of 76
    crowleycrowley Posts: 10,453member
    The point is that a media releases is to all media outlets at the same time and nit to one individual
    Since when? Apple give lots of interviews and scoops to individual media outlets. Phil Schiller getting on stage with John Gruber for example.
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