Noticed Citigroup just downgraded Rimm to sell from hold (briefing). But there was just huge buying off the 102 level. What's next?
Here come the leftist conspiracy nuts! How dare you question the official story! You are just jealous of the capitalists who made so much money on this. Why oh why do you hate their freedoms to rig the market?
This is why you should have read the 2nd half of "Reminiscences", Rearden. Covers this very subject, from someone who had been on both sides of the "news".
Man this is one sick , sick story. I'm glad I wasn't watching or trading this or I probably would've had a heart attact. I did see something wild like this w ISRG, it was trading @ 127 into earnings. Earnings were announced, the stock went over 140 briefly, enough to crush weak shorts, and then incredibly swooned to under 120 within the next 15 minutes, and finally went under 100 within a few days. Now thats commodity price type movement. And this had no fake headlines, which the RIMM obviously did, and that should be investigated.