We Have a Problem
Gordon Gekko would be proud. Apparently all it takes to manipulate the stock market now is 140 characters. On 1/29/13, a Twitter account posing as the Twitter account of a market commentary site reported that, "Audience noise suppression company being investigated by DOJ on rumored fraud charges Full report to follow later". The Twitter account with eight followers was a blatant fraud. Audience (NASDAQ: ADNCmore »)
After reaching bottom of $5.51 per share, investors have given Audience (NASDAQ: ADNC) a standing ovation. Since the lows of October, the stock has more than doubled – gaining 120% to reach $12. But it wasn’t too long ago that shares were trading well above $20. This means, despite the strong 120% gains, the stock is still down close to 50% over the past six months. Why?
The reason more »
Why would an insider ever buy additional shares of their company’s stock? Why not diversify their exposure to the market by instead investing in other businesses? Our answer to this line of thinking is that generally, insiders will avoid buying, and in fact will often sell shares for this perfectly understandable reason. However, when they do buy it may be because they are extremely confident in the company’s more »
It’s hard to consider that there it be a better derivative play today on Wall Street than that of tech giant Apple (NASDAQ: AAPL). Its famed “halo effect” has not only become legendary, but to the extent that if the company sees fit to breathe on you, analysts will rush to upgrade your stock. But it’s a double-edged sword. Just as quickly as Apple can elevate your status more »