IT WAS A CRIMINAL VIOLATION!!!
Zerohedge caught it right away...
Did Tim Cook Violate Regulation "Fair Disclosure" by emailing Jim Cramer to Save Apple Stock this Morning?
"Earlier today, as AAPL stock was plummeting and had lost a whopping $75 billion in market cap, dropping as low as $92/share, CNBC's Jim Cramer pulled a rabit out of a hat, or in this case a previously undisclosed email out of his inbox."
"While we are delighted by Tim Cook's subjective take of AAPL's Chinese prospects, we have a different question: where is the public filing that accompanies this letter which constitutes nothing short of a private business update with an outside, and unregulated by Apple, market cheerleader?"
"Because as the AAPL reaction to Tim's letter, which was clearly in Cramer's private possession for at least 1 millisecond before it was made public (and thus we don't know who else may have had access to it before its public dissemination), just how is this not a Regulation Fair Disclosure violation?"
END
Hmm. Somebody's in some hot water...if we have any regulators who aren't watching porn on their computers!
More chaos on the way.
Bix Weir
www.RoadtoRoota.com
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