Chapter 199: Chapter 198: The Mind of an Artist
While Hollywood's buzzing with energy and success, Wall Street's still a mess—everyone's on edge.
The Nasdaq crash keeps spreading, and even the New York Stock Exchange is feeling the tremors. The dot-com bubble's turning into a full-blown economic crisis. But right in the middle of this tech stock meltdown, one high-tech stock's doing something weird—it's bouncing back.
For over two weeks, it's been climbing against the odds, jumping from $9.9 to $13.8 a share! That's nearly a 50% spike!
And this stock? It's Apple—the very company tons of investment firms and brokerages had written off.
Ever since June 21, when they split the stock two-for-one, Apple's share price has been on a tear, leaving a bunch of small-time investors stunned. Does splitting a stock really do *that*? Or is Steve Jobs working some kind of magic?
Of course, anyone who really gets the stock market knows this isn't normal. In a bull market, sure, it'd make sense. But in this bear market? A computer company like Apple—one that big investment firms don't even believe in—pulling off a rally during a crash?
No way.
This kind of oddball surge has to mean some investment group's quietly scooping up shares behind the scenes.
So, who's the mystery player?
On July 13, the answer dropped. The Federal Securities Commission, Nasdaq, and Apple all put out statements at practically the same time: over the past two weeks, Dunn Capital snapped up more than 20 million Apple shares on the secondary market.
Now, Dunn Capital owns 5.06% of Apple's total shares—a huge chunk!
Apple's history is a wild ride. It's been ditched by investors time and again, and the early big players sold off their stakes long ago. These days, Apple doesn't have any major shareholders—over 80% of its stock is held by small retail investors. Before this, the biggest shareholder was the National Pension Fund, with just 3% of the company. Even Steve Jobs—founder, chairman, and CEO—only holds 6 million shares, less than 2% of the total.
Then Dunn Capital swoops in out of nowhere and bam—they're Apple's biggest shareholder overnight!
And everyone knows who's behind Dunn Capital: Dunn himself.
Right now, Dunn's a household name in America—his fame's up there with President Clinton's. Every move he makes gets watched like a hawk by the media. Especially since, two months ago, Wall Street crowned him the "Stock God of the New Century"!
So what's the deal with this sudden move? Is there more to it?
If even the Stock God's betting on Apple, shouldn't investors be piling in too?
Apple's thrilled, and the stock exchange is scrambling to figure it out!
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