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Technology Stocks : AMD, ARMH, INTC, NVDA
AMD 86.09-2.5%Feb 3 4:00 PM EST

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To: rzborusa who wrote (46346)10/5/2022 12:44:53 PM
From: rzborusaRead Replies (1) of 48037
 
From Chris at AMD > Yahoo:

But it is true, Market manipulation is sanctioned by the SEC. Here is one example.

Elon Musk suddenly declined a seat on the Twitter BOD.
Why?
Today Elon Musk reversed course and will proceed with the buy of Twitter like nothing ever happened.
Why?

On 11 April the SEC indicated that Elon Musk may acquire additional shares in Twitter Inc. now that he is no longer accepting a position on the social media company’s board.

Then Elon Musk proceeded to bash Twitter with legal challenges to the Twitter Acquisition as if he was backing out of the acquisition over Twitter irregularities such as bot counts vs live users. Twitter stock cratered to a summer low of $32. And according to SEC Elon Musk was free to buy. Every share Elon Musk bought at $32 would be a credit to him at closing when he would eventually have to pay $54 per share for the remaining shares outstanding he needed.

Now with millions of shares of Twitter Elon Musk suddenly decides to proceed with the acquisition. He had filled up, with cheap shares to reduce his overall purchase price.

All those shares he bought were from weak handed longs and faked out traders who sold their stock cheaply to Elon Musk because they really believed he was backing out.

This is blatant stock manipulation. And it is legal.
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