Edited - Check the news.
Shorting A Stock...
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BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#1Shorting A Stock...Tags: None -
ShamsWoof10SBR MVP
- 11-15-06
- 4827
#2I would say it is but I doubt they would care... As you know Pat the market is not like wagering... You can shake up the wagering world with a million dollar bet but you wouldn't even be noticed in the market with a million... I'm not saying you're broke but just saying too small of potatoes for anyone to notice.. Make a hundred million and then you might have to worry...
All major companies in my opinion cook their books...
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BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#3I would say it is but I doubt they would care... As you know Pat the market is not like wagering... You can shake up the wagering world with a million dollar bet but you wouldn't even be noticed in the market with a million... I'm not saying you're broke but just saying too small of potatoes for anyone to notice.. Make a hundred million and then you might have to worry...
All major companies in my opinion cook their books...
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Rollins08SBR MVP
- 04-20-07
- 1337
#4It is insider trading because you have knowledge that was not made public. It does not matter if the employee was an executive or not.
The fact is that what you know may not effect performance anyway. They feds could have been there for any number of reasons and it would be nearly impossible to prove. The only way I would worry is if you don't usually short stocks, if it was a high net and if the stock tanks it would seem very suspicious.
Most major companies at this point do not cook their books like Sham said. In my company we get audited at least 3 times a year in my department. No one wants to get caught doing anything the least bit shady after Enron and the others.Comment -
BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#5It just dropped 7 points in the last hour, holy shit.Comment -
BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#6It is insider trading because you have knowledge that was not made public. It does not matter if the employee was an executive or not.
The fact is that what you know may not effect performance anyway. They feds could have been there for any number of reasons and it would be nearly impossible to prove. The only way I would worry is if you don't usually short stocks, if it was a high net and if the stock tanks it would seem very suspicious.
Most major companies at this point do not cook their books like Sham said. In my company we get audited at least 3 times a year in my department. No one wants to get caught doing anything the least bit shady after Enron and the others.Comment -
BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#7It is one Yahoo message boards as well.Comment -
BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#8Local news picked it up. This stock will tank.Comment -
Al MastersSBR Hall of Famer
- 04-29-06
- 6940
#9whats the stock.ill plug it, if it works ill give you 25%, but we must have the stock asap.Comment -
Al MastersSBR Hall of Famer
- 04-29-06
- 6940
#10local news picked it up.............may be to lateComment -
Rollins08SBR MVP
- 04-20-07
- 1337
#12They could have, but that didn't happen here. Look, your not going to get busted, so don't worry. it seems this information is public now, but the fact is that before the information was public you knew about it and you found out from someone inside the company. The answer to your original question is yes this is insider question. But in your case, as long as it wasn't a huge amount of shares, you have nothing to worry about.Comment -
BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#13200 agents were there this morning. Damn.Comment -
BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#14Trading has been halted. ****!Comment -
Al MastersSBR Hall of Famer
- 04-29-06
- 6940
#15WoW, you had a chance to make a score.
Trading of the stock has been suspended ??
what was the stock, or would you rather not say?
Next time you get that kind of info let us know early, if it's real ill jam it,with you as a partner.Comment -
BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#16Comment -
BigBollocksSBR MVP
- 06-11-06
- 2045
#17This stock will absolutely plummet when trading resumes. I just missed out on an absolute killing no doubt, but as Rollins stated I would have been a prime target for insider trading allegations as I rarely short. The SEC's gotten pretty good with nabbing people on this kind of stuff, so it might have been for the better. Thanks for the heads up just a little ahead of time again Patrick...Comment -
GanchrowSBR Hall of Famer
- 08-28-05
- 5011
#18The stock looks to be WCG, which was halted with news pending at 10:59:51, roughly 45 minutes prior to the initial post of this thread.Comment -
BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#19This stock will absolutely plummet when trading resumes. I just missed out on an absolute killing no doubt, but as Rollins stated I would have been a prime target for insider trading allegations as I rarely short. The SEC's gotten pretty good with nabbing people on this kind of stuff, so it might have been for the better. Thanks for the heads up just a little ahead of time again Patrick...Watch it fall. No BIG news yet but...
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Al MastersSBR Hall of Famer
- 04-29-06
- 6940
#20Hey BB,
about your signature??Comment -
Al MastersSBR Hall of Famer
- 04-29-06
- 6940
#23
Any news recieved through the media does not qualify.
Make sure your time frame is correct pat,as timing here and most anywhere will surely be the difference in making a score or getting a sore.
At the moment i cannot see him having an agenda by giving out false times, either way hopefully someones made a friendly mistake. perhaps a time zone error.Comment -
picoBARRELED IN @ SBR!
- 04-05-07
- 27321
#24yep, not inside info if the trading has already been halted.Comment -
Al MastersSBR Hall of Famer
- 04-29-06
- 6940
#25BB, a courtesy bump and all will be made clear??
Don't understand not sure if i want to, but i must agree that certainly is commitment.
Pat, whos posting false info bout you? yea and that would be considered a pathetic lie.
His sig is about 75 year old men , now you state someone said things bout you in refrence to kids,
I'm confused...........
I'm usually on at nights when sports and poker are discussed.........lolComment -
BatemanPatricklSBR Posting Legend
- 06-21-07
- 18772
#26BB, a courtesy bump and all will be made clear??
Don't understand not sure if i want to, but i must agree that certainly is commitment.
pat, whos posting false info bout you? yea and that would be considered a pathetic lie.
His sig is about 75 year old men , now you state someone said things bout you in refrence to kids,
I'm confused...........
I'm usually on at nights when sports and poker is discussed.........lol
Quote:
Originally Posted by BatemanPatrickl
Allegations of child abuse from who? You?
No, I was just wondering if thegame1976 was banned for something such as using the forums to solicit underage sex. From that post, it would seem an appropriate reason. Maybe you could shed some light as to why he was banned?
Quote:
Originally Posted by BatemanPatrickl
No matter, the forum owner was e-mail today.
Was e-mail? He's turned into an e-mail? He was an e-mail but is no longer an e-mail? Have the steroids destroyed your brain?
__________________Comment -
GanchrowSBR Hall of Famer
- 08-28-05
- 5011
#27this fella Ganchrow makes a very important point, if his statement is correct, when i would give my play to my stock guy,he will know that info and try to turn me ,the news must be early early.
...
At the moment i cannot see him having an agenda by giving out false times, either way hopefully someones made a friendly mistake. perhaps a time zone error.Comment
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