Insider Dealing would you do it?

jsd

Active member
232 3
ok its illegal etc, but would you use it to make huge sums of money?

I'll go first......... YES.

JD
 

Mr Chill

Active member
173 2
jsd said:
ok its illegal etc, but would you use it to make huge sums of money?

I'll go first......... YES.

JD

This is about as interesting as your silly chicken thread . :rolleyes:
 

FetteredChinos

Veteren member
3,897 40
nope, i couldnt do it.

fear of getting caught and all that. i quite value my freedom at the moment.

Far more important things in life, such as courtesy to other people. Mentioning no names on this thread!


FC
 

jsd

Active member
232 3
Re: Re: Insider Dealing would you do it?

Mr Chill said:


This is about as interesting as your silly chicken thread . :rolleyes:

Hmmm well ive read one of Elders books in which he spoke to a lawyer who acted on it, Elder then assumed a short position (it may of been his purpose to do so before discussing this particular company) but he did tie that trade into the conversion with the lawyer.. but im sure Elder used chart analysis rather than the takeover information for basing his trade.etc..

so just seeing how open people are with themselves.

jd.
 

anley

Senior member
2,730 229
Why not, everyone else is doing it in London. In fact the deeper you look into the London market the more you realise what a cess-pit of insider dealing it really is.

The authorities are completely useless and it's very very hard to bring a prosecution, and that's why there are hardly any ID cases in the courts, unless of course it's completely blatent.

Different matter in the US, there they normally always get their man unless of course he's in the Club sitting at the top.
 

Skimbleshanks

1
2,325 16
Perhaps 'insider dealing' should be defined first - after all, it will mean different things to different people.

Everything is in the charts anyway, so there's far more to be made IMO from correctly interpreting the charts than having an ear to the ground (if that is what insider dealing is).

Out of interest, one of the mentors I've had reckoned that you had only really made it as a trader once you had been investigated by the US authorities (he was a US citizen) - it was a sort of 'badge of honour' as in the eyes of the ignorant your trades could only be explained as 'well, he can only have inside knowledge to be that successful', which is a load of rubbish as they're all on the charts for every Thomas, Richard and Harold to see for themselves.
 

donaldduke

Experienced member
1,665 257
I got twenty other brokers out there, analyzing Charts...
Stop sending me information and start getting me some.


Gordon Gekko, Wall Street.
 

FetteredChinos

Veteren member
3,897 40
skim, I presume those big ears of yours are nowhere near the ground then??

:cheesy:

sorry, i couldnt resist it!


valid points though.


incidentally. Where does one draw the line with "insider dealing".

presumably it is to relate to the actual purchase/dumping of shares prior to a major price sensitive piece of news. But how does this then apply to spreadbetting, as there is no ownership actually involved. I fell asleep when trying to read up on this in the CMC manual. perhaps someone could shed light on this.

perhaps we have yet another massively "grey area" here.

FC
 

FetteredChinos

Veteren member
3,897 40
I'm an ordinary sort of bunny


and now a bit of a gay icon if i believe everything i read in the papers.

you go girl!!!
 

Dow Dog

Well-known member
409 0
Everything is in the charts anyway, so there's far more to be made IMO from correctly interpreting the charts than having an ear to the ground (if that is what insider dealing is).

I don't think Enron's directors could have made as much from a study of Technical Analysis as they did from insider trading, do you ?

I also often wonder if the Titanic's captain thought it was all in the charts.
 

TheBramble

Legendary member
8,395 1,171
FetteredChinos said:
incidentally. Where does one draw the line with "insider dealing".

presumably it is to relate to the actual purchase/dumping of shares prior to a major price sensitive piece of news. But how does this then apply to spreadbetting, as there is no ownership actually involved.

A couple of guys working for an SB were hauled off the streets recently for precisely that reason - it appears it does apply.

I think perhaps the real question is:- if you could be 100% sure of absolutely getting away with it - would you do it?

Like any other trading situation where you weigh the risk/reward, with these odds, you'd be crazy NOT to do it.

However, if you want to bring moral issues into it you'd maybe want to ask yourself a couple of questions.

1. Why would it be morally wrong to win a trade on 'inside information' yet not through purely excellent trading skills? You're still beating the same people - and taking money from the same people - with superior knowledge.

2. Someone once said "Morals are a function of the date on the calendar and the latitude and longitude at which you find yourself".

The degree to which you agree with that statement is the degree to which you would consider using inside information for your financial benefit.
 
 
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