Shares of Apple closed at 500 on Friday, Jan. 18. Not 499.99, not 500.01—five zero zero point zero zero dollars on the nose. There’s a long history of market watchers having cried conspiracy on Apple stock and for some observers, the impossibly round number was just too much of a coincidence. “I still have that bridge to sell you if you don’t think the fix was in on this,” wrote John Gruber an Apple über-blogger.
A Twitter chorus joined in:
• Proof of stock market manipulation
• If this doesn’t merit an SEC investigation then they should just close
• Can’t imagine all the crazy back-house trading and manipulation that must have occurred to have $AAPL land exactly at $500.00
• I’m reminded again why amateurs shouldn’t get involved in the financial markets