insider trading

[towman]

Streetcop said:

I hoped my subtle and (humourous, if I don't mind saying so myself) picture art .............. Street

When does that start then Gary ?

[wolves_wanderer]

Just put a spread bet on the share price rather than actually buying any stock, that's what I'd do

[Streetcop]

towman said:

Streetcop said: I hoped my subtle and (humourous, if I don't mind saying so myself) picture art .............. Street When does that start then Gary ?

I don't need to question your eyesight being an HGV driver.....Oh yes...I do, don't I?

Street

[Northernboy]

tim_s said:

i'm considering buying shares in listed company who is launching a new product which uses services provided by the company i work for. i don't know any dates but i know that after an announcement about the service the share price will jump so if i buy shares now and sell after the announcement will this be considered insider trading?

Yes, probably. If you are acting on restricted information, then it is likely that you are comitting an offence.

The penalties for insider trading are extreme.

You will probably get away with it, but of you don't, it will not be a slap on the wrist. It could well be a lot of years in prison.

Look at it this way, you are effectively using your inside knowledge to cheat the people from whom you buy the shares. Legal or not, it's definitely immoral.

[Northernboy]

Zod said:

andygo said: Pass the info on to me me me me me me!!! That's just as bad!

Each person in a chain of information is as guilty as the first, and last, person.

If you hear a rumour, pass it on, and your friend buys the stock, you are every buit a s guilty as he is.

[limpsfield]

If it is all in the public domain anyway, why are the shares going to jump? i.e. if it is out there, surely the market has reacted.

Just a thought - but what Joe bloggs thinks is a sure thing to make the price go up can often end up being viewed somewhat differently by the market

>> Edited by limpsfield on Saturday 25th September 12:13