General [M]ayhem

Go Back   General [M]ayhem > Real Time Sub-Forums > The Pit
Register Members List Mark Forums Read [M]erchandise Calendar

Thread Tools
edplayer's Avatar
Originally Posted by xagent
What the hell is wrong with insider trading?

Insider trading laws let the SEC prosecute anyone for trading on any nonpublic information. In other words, if you're deemed to have "too much information" than the average joe is allowed to have, you could be guilty. There really is no difference between a hot stock tip and insider trading. Incentive to seek information and trade intelligently is killed. Eventually, the stock market becomes gambling, notinvesting.

Insider trading is also a victimless crime. Liberals hate insider trading only due to their hatred for any person or business that makes a profit, their hatred for the word profit, and general anti-corporate attitudes.

It looks like your definition of insider trading is not even correct

I read your post and in regards to part 1 I did't follow Stewart's case so I don't know what was in the news. Your second part clearly shows that you don't understand what insider trading is
[QUOTE=g|aSsJaw;25381610]0/0 = undefined, it's a vertical line[/QUOTE]

[QUOTE=g|aSsJaw;25381666]I'm not going to go back and forth with you about it all night, you clearly have no idea what you're talking about.[/QUOTE]
Old 07-18-2004, 12:36 AM edplayer is offline  
Reply With Quote

Advertisement [Remove Advertisement]

the thing about the insider trading is that, although it seems like victimless at first, what you have to realise is that when martha dumps her shares before the crash, it means that somebody bought them. Martha knows that it is going to be worthless soon, so she sells it to some poor schmuck who gets fucked up the ass. There's your victim.
Old 07-18-2004, 12:45 AM chriszuma is offline  
Reply With Quote

Originally Posted by TheMorlock
yes you do, if this insider trading is acted on by anyone else.

You are correct , I am wrong .

implicit in your scenario is that the reason the broker would call is that you already owned the shares. I failed to realize that.

a tip o' my cap to you , sir !
I didn't say that I didn't say it. I said that I didn't say that I said it. I want to make that very clear.
Old 07-18-2004, 04:51 AM jubjub is offline  
Reply With Quote


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump

All times are GMT -7. The time now is 07:30 AM.

Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.