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Dear FBI: Here Is Today's Market Manipulation
Last Thursday, it was Avon that was cheated higher after a fake takeover filing provided just enough momo juice for the machines to destroy any and every short in the stock instantly. Today, it was Quest Diagnostics turn to be manipulated.
Between 1005 and 1015ET today, someone quietly - and with no price movement - bought around 1200 lots (equivalent of 120,000 shares) of June $75 Strike call options at around the $1.25 level.
Then at around 1027ET, targeted rumors started to circulate, and a tweet - since inexplicably deleted - was sent by @OptionsHawk which, according to Bloomberg, said "Quest had hired Goldman Sachs & Co. after receiving a $95-a-share approach. "
The calls exploded to over $12 in price (a 1100% return) and the stock soared over 20%.
Then denials.
"It's rumors of them selling themselves but they're being really quiet," said JMP Securities analyst J.T. Haresco. "No one (at the company) is answering any calls, so it's all speculation."
You decide!! Does this look like someone got really lucky... or was it all a massive manipulation?
Chart of $DGX - note the slow pick-up and acceleration pic.twitter.com/Dk0kNDMsCQ
— Eric Scott Hunsader (@nanexllc) May 22, 2015
The tweeted rumor has been deleted and the Twitter member has stated in his defense:
- OPTIONSHAWK'S KUNKLE SAYS HE CONVEYED `MARKET RUMOR' ON QUEST
And then @Optionshawk stated that the tweet was "removed because I never said it, they mis-quoted the whole thing."
Of course, since the tweet has been deleted there is no way to check what was actually quoted. Or misquoted.
* * *
Given that the FBI is investigating the Avon pump-and-dump, we assume they will quickly get to the bottom of the case above, especially since it would take about 5 minutes to find out who bought the calls.
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It really helps if you own a few congress-critters....
"Reshaping the Markets the old-fashioned way... We turn them..."- Smith Blarney & Co.
FBI fighting fraud against the dick that feeds them....lol!!!!!!
The FBI is entirely worthless...
Just read their news blog and realize for every fraud case they solve, dozens are not...
I think crApple's doing a fine job today as well - no news and it's up 1 3/4% - or did I miss something?
DavidC
Must hae missed this on Bloomturd. /sarc. All they have been reporting is that Wally World has gone all fuzzy & fluffy about humane raising of factory farmed animals. Complete with an interview with Pacelle. I smell desperation. Must get more sales.
A lot of "free range" chickens have a 3' wide run that they can go outside to, and all of their food and water is kept inside.
isnt it funny that in europe a small chicken-life news-coverage starts about the same time
in germany the story is that most of the chicken die even in "bio"-plants
http://www.n-tv.de/ratgeber/Wie-gut-ist-das-Bio-Ei-article15149746.html
started a few month earlier when a single plant started some epidemic salmonella across europe
http://www.n-tv.de/panorama/Eier-aus-Bayern-sollen-schuld-sein-article15...
centralisation is good for u, it allows for closely monitored quality standards
I changed a filter on my tractor, all bent over trying to reach and not spill with an RIR on my shoulder pecking me in the head. Fucking brat knew my hands were tied. Mine take this free range shit a little too far.
FBI must get eyestrain starring at gnats all day.
While camels roam the halls of power destroying America.
Why did you become an agent?
To follow the camel's ass and help it swat flies?
They are not getting along with their other syblings that are in the same line of work
nailguns everywhere
This world is so awesome. Everything is planned, made up and contribed.
Fake Tits, fake nose, fake paychecks...etc. etc.
actually they do look into this kind of stuff sometimes
Round up the usual suspects. [/Captain Renault]
5% of the time they investigate 100% of the time.
Quick, we should all go on twitter and mention take over bids for the top stocks. Then sit back and watch the algo's puke.
Just kidding.
ZH is being sold to CNN, quick what is the sign.
ZH has value?
I see the ads, but I've never purchased anything advertised.
And I've never reccommended ZH to anyone.
Are you this Chuck Knoblauch?
https://twitter.com/abc13houston/status/492391198288781312/photo/1
Now who or what is stupid enought to fall for that?
I wonder how many more failed experiments this so-called God has littered around the universe?
Don't look for the SEC to do anything about this problem...
http://www.globaldeflationnews.com/sec-commissioner-stein-fed-up-with-cr...
Karma's a bitch.
I work for Quest no rumors here
With powerful politicians privy to inside information, this is a great way to raise money to run for office. No need to sell yourself to donors anymore!
No prosecutions forth coming..why? its called Mesirah.
Belgium?