Subject:
|
Re: Blue Hopper Car Mania...
|
Newsgroups:
|
lugnet.off-topic.debate
|
Date:
|
Fri, 15 Oct 1999 18:54:19 GMT
|
Viewed:
|
1220 times
|
| |
|
|
In lugnet.off-topic.debate, Larry Pieniazek writes:
> > Is insider trading fraud? If it ever is, then how 'inside' does the
> > information being used have to be in order for it to be fraud? If it's
> > always fraud, then why isn't it fraud for me to buy LEGO on sale and
> > resale at boosted price?
>
> Well, I don't think most forms of what is currently defined as insider
> trading actually are wrong. And if that doesn't set off a firestorm I
> don't know what will.
>
> (where I find insider trading wrong is where I know something damaging
> and I exit my position before it becomes public knowledge, when I had a
> fiduciary duty as an officer of the company to disclose it to
> everyone... I'm OK with buying stock up in advance of the release of
> good news.)
Hmm. What about selling stock off in advance of the release of bad news?
This happened quite recently with Correl Corp... Shortly before they announced
lower than expected profits (dropping the stock price), the president sold off
1/3 of his shares... He saved himself a loss of ~7 million (IIRC)
I'm not sure where this falls myself...
James
http://www.shades-of-night.com/lego/
|
|
Message is in Reply To:
 | | Re: Blue Hopper Car Mania...
|
| (...) Well, I sort of meant that if everyone affected by the deal agrees to it, then nothing else matters. I assume you agree that you can waive your rights if you so choose. (...) I know that Libertarians are into the Force 'n' Fraud phrase, and I (...) (25 years ago, 15-Oct-99, to lugnet.off-topic.debate)
|
178 Messages in This Thread:
(Inline display suppressed due to large size. Click Dots below to view.)
- Entire Thread on One Page:
- Nested:
All | Brief | Compact | Dots
Linear:
All | Brief | Compact
|
|
|
|
