So Steve Jobs might announce his retirement over the weekend. By opening of trading next week stock's down 20% or more, he'll buy back what he just sold and then some...!
...and then he'll be arrested for insider trading.
So Steve Jobs might announce his retirement over the weekend. By opening of trading next week stock's down 20% or more, he'll buy back what he just sold and then some...!
Up ranked and agreed...
So Steve Jobs might announce his retirement over the weekend. By opening of trading next week stock's down 20% or more, he'll buy back what he just sold and then some...!
I'm going to hope this is a ~$350 triggered trade. I considered doing as much (setting a hard price near pre-leave levels at which I'd sell) after the price drop when Jobs went on his current/second leave. If Jobs were to become incapacitated, I can't imagine what would happen to the stock price, deserved or not. Selling now that AAPL's nearly back to pre-Jobsian levels is just smart. Reduces exposure. Puts the bird in the hand, etc.
But this also tells us Mansfield thinks there's no safer time to sell between now and his next option. I understand $350 being "good enough", but when your hardware guy doesn't see a reason to stick around, that's bad news. I mean, he can't help but be doing a little insider trading, right?
This is likely A Bad Thing for AAPL owners, and can be no better than A Neutral Thing, and the latter only if Mansfield isn't real bright, which we know isn't the case. How close we are to the former rather than the latter would seem to be at least partially correlated with Mansfield's business acumen.
AAPL stock dropped in price when it was announced that Jobs was taking time off (meds adjustment?); but it came right back up - along with many other stocks.
How can you say he is insider trading? Does he have some knowledge the rest of us don't have about how Apple stock is performing?
Will somebody please make up a vaguely believable but unsubstantiated rumour about an Apple product, so that I don't have to see this bloke's ugly, rich, fat face on page 2 anymore - thanks.
ITT: Stupid people who have never bought or sold a share in their lives, or have any idea of how the financial world works.
a tad mean to Bob (who I am hearing is a pretty nice guy) but lol'ed anyway, should read more p. 2 news, all the better posting is here.
Why did he not sell the remaining 1 percent? I know nothing of economics, sorry.
Normally this would send a stock tanking, but if this guy has been pretty consistently doing this with his options/shares, then it's not really news, and share prices shouldn't be affected by this.
I suspect the article is just highlighting this pattern with Bob Mansfield so that no one gets the wrong idea.