Fake E-Mail Results in Angry Apple Shareholders

drhamad writes "Apple stock dropped 2.2% today in mid-afternoon trading as Engadget published news based on a faked e-mail inside Apple. 'Apparently an internal memo was sent to several Apple employees--and forwarded to Engadget--around 9am CT today saying that Apple issued a press release with the news that the iPhone was now scheduled for October, and Leopard was delayed until January. About an hour and a half after that e-mail went out, a second e-mail was sent--this time officially from Apple--saying the first e-mail was a fake, and that the delivery schedule for the iPhone and Leopard had not changed.'"

Comments

And when do options expire this month? :-)

[Eternal Vigilance]

Wheeee, fun time trading for somebody today.

Re:And when do options expire this month? :-)

[Anonymous Coward]

Yesterday??? We're not that stupid. We've been planning this for months.
It will look like a perfectly normal transaction: we invested the money that we got from our grandmother's estate.
Pity about grandma...she screamed awful loud.

Re:And when do options expire this month? :-)

[mobby_6kl]

Shorting would be too obvious. Instead, here's Apple employee "get rich quick" method #5234:

• Send out fake email which will result in a good price drop
  
• Buy stock!
  
• Send out official email which denies everything
  
  • Stock bounces back up within 1-2 days
• Sell stock!

They'll never catch me!

In other news...

[fahrbot-bot]

...an internal memo was sent to several Apple employees--and forwarded to Engadget...

...several Apple employees filed for unemployment this afternoon.