Quindell and Blatant Market Manipulation?

Lee Wild with an article in Interactive Investor dated Thursday 27th November 2014  at  16:09 pm stated Quindell loses huge contract. Stating a source claiming to be close to senior management that Quindell had lost a contract with one of the UK’s largest accident management companies.

Lee Wild stated in the article that  “paranoia and panic” at Quindell following a board meeting.

In the next 20 minutes before the market closed the shares went down 7% in value.

The allegation was then refuted by Quindell after the market closed.

In other words the article was completely false and any reasonable person would come to the conclusion this was a case of market manipulation.

In my opinion Lee WIld’s article about Quindell was a blatant attempt to manipulate the share price. If you read Lee Wild’s other articles I am sure like me you would find it difficult to take his journalistic skills seriously.

When are the relevant  authorities going to take action?


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