Talk about ending 2006 on an upper — another holiday season of outstanding iPod sales — and then a downer after Christmas as Apple (AAPL) stock takes a 6% dive no thanks to some allegedly shaky stock option shenanigans.

The Mecury News:

Apple Computer shares dropped more than 5 percent to $76.77 in early trading this morning after a report that federal prosecutors are investigating whether former company executives falsified stock option grants.

Greed is a terrible thing, isn’t it? As an AAPL stock shareholder, I’ll be watching this news carefully. Hopefully if there have been any misdeeds here, they call out those responsible and put the proper checks and balances in place to prevent this from ever happening again. I do like the fact that Apple acknowledged finding irregularities. It’s not like they are saying nothing is wrong which doesn’t put it in Enron territory. At the same time, this isn’t the way to close 2006.

Update 10:30am PST: If you follow the current stock price, you’ll see that it has bounced back and is down less than 1%.

Did this post make you go hmm?

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