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$70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

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Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#81

Post by astral_drama »

mullingitover wrote: post #26
hdevalence wrote: post #3

> We don’t know who placed the trades. We don’t know what they knew. Actually, “we”, collectively, do know, because the SEC maintains an “XKEYSCORE for equities” called CAT. If there was interest, the government could know exactly who placed these trades. But the call (options) are coming from inside the house.

No economic system is functional without a bunch of compromises, and capitalism needs strong regulations as a check to keep it from turning absolutely rotten. We're witnessing the removal of all of the guardrails, traffic signals, road maintenance crews. The highway patrols have been replaced by organized teams of highwaymen. It'll get a lot worse before it gets better.

> It'll get a lot worse before it gets better.

If they're getting away with it, they'll do it again. The tariffs were paused for 90 days. The plan is to run the same playbook in 90 days.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#83

Post by rapnie »

consumer451 wrote: post #35
mullingitover wrote: post #26

Earlier quoted context omitted.

No economic system is functional without a bunch of compromises, and capitalism needs strong regulations as a check to keep it from turning absolutely rotten. We're witnessing the removal of all of the guardrails, traffic signals, road maintenance crews. The highway patrols have been replaced by organized teams of highwaymen. It'll get a lot worse before it gets better.

I recently read someone's comment here stating that "trust is efficient." What we are witnessing is the devolution of the USA from a high-trust to low-trust business environment. "Low-trust business environment" is the euphemism we have used to describe other countries, where corruption is rampant. This is so sad to watch.

Not just sad to watch. Would a country with a low-trust business environment be allowed to have such a huge mountain of government debt, and continue to have its currency be the world's reserve currency? A lot of sadness hinges on those considerations.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#84

Post by eru »

vanviegen wrote: post #63
eru wrote: post #43

Earlier quoted context omitted.

Insider trading in the US is more about misappropriating information that belong to a party you have fiduciary duties to, not so much about harm to the public. For example, imagine you are working for Warren Buffet and you learn that he has quietly bought some stocks and next weeks he's going to announce that. Assume that this announcement will reliably make the stock trade up. If you trade on that information, that'…

Insider trading around Warren Buffett seems like a really odd example. More typical would be company employees knowing the quarterly results before they are published. And there, it's easy to see how the law is protecting the public by leveling the playing field.

Even in your example the law ain't leveling the playing field: the company is allowed to trade on its quarterly earnings ahead of publishing them.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#85

Post by NKosmatos »

Whenever I see similar articles I get reminded that all these are worthless paperless money, exchanging hands and playing a game. Futures, options, securities (and all the rest financial jargon) proves that there is a very big economic game at play in a global scale. No wonder the whole planet owes some trillions (to whom?) :-)

There is no need for scientists to prove we’re living inside a simulation, this whole global turn based strategy financial game, affecting our lives, is the proof that someone is having a laugh at/with us ;-)

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#86

Post by DeathArrow »

LeafItAlone wrote: post #51
nramanand wrote: post #13

A relevant aside: surely insider trading is happening all the time? There are so many daily market-shifting events involving so many privy parties that it seems inevitable to happen every few minutes (not defending the actions in the article). How many physicians have been able to get rich from learning a CEO will be out of commission? In that case, I'm not even sure whether it would be considered insider trading. Ho…

>How many physicians have been able to get rich from learning a CEO will be out of commission? Do you actually have an answer to that? Or are you just throwing out an unanswerable question as some form of “gotcha”? Now I’m actually curious. There aren’t _that_ many publicly traded companies; only about 4,000 according to Google. A little over 9,000 IPOs since 1980 [0]. The number of companies where the CEO being “out…

But not only the physicians know a CEO will be out of commission. And there are many more cases where a CEO will leave a company without being ill.

And there are much more situations that will influence stock prices than a company changing its CEO. Those situations can be both internal and external to a company.

So I think we potentially have thousands or tens of thousands of people who learn information that make them rich if they act quickly. And even that has a multiplying factor since those people have friends and family.

"Hey Bill, wanna make a quick buck? As soon as market opens buy XYZ. You don't know it from me and I didn't call you today."

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#87

Post by labster »

astral_drama wrote: post #81
mullingitover wrote: post #26

Earlier quoted context omitted.

No economic system is functional without a bunch of compromises, and capitalism needs strong regulations as a check to keep it from turning absolutely rotten. We're witnessing the removal of all of the guardrails, traffic signals, road maintenance crews. The highway patrols have been replaced by organized teams of highwaymen. It'll get a lot worse before it gets better.

> It'll get a lot worse before it gets better. If they're getting away with it, they'll do it again. The tariffs were paused for 90 days. The plan is to run the same playbook in 90 days.

Why do you trust that they will actually wait 90 days to run the same playbook? There’s nothing stopping Trump from reneging on his 90 day tariff pause.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#88

Post by hello_computer »

aetherspawn wrote: post #76
hello_computer wrote: post #69

Earlier quoted context omitted.

The brilliant thing is that they have woven it deep into the retirement ponzi-schemes, so nothing short of a cataclysm will unwind it. There is also the Machiavellian consideration of external threats. We need these corporations to make the tools of Ahriman. Without them, another country's corporations will make them first, and use them to subjugate us. People who believe in God ( not just the Abrahamic one, but any…

Sorry I don’t really understand the part about the tools of Ahriman, would you mind to explain?

Technology of all sorts. Engineering, finance, management, etc. I am leaning more on the Steiner interpretation than the strict Zoroastrian one. One could also say "The Devil", but that will really get you people squealing. One could refer to the apocryphal "Book of Enoch" for the details on that one.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#89

Post by urbandw311er »

NKosmatos wrote: post #85

Whenever I see similar articles I get reminded that all these are worthless paperless money, exchanging hands and playing a game. Futures, options, securities (and all the rest financial jargon) proves that there is a very big economic game at play in a global scale. No wonder the whole planet owes some trillions (to whom?) :-) There is no need for scientists to prove we’re living inside a simulation, this whole glob…

I take a different view. These moments when the mask briefly slips are a chance to remember that we are controlled by a greedy elite and only given the illusion of choice and prosperity.

Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money

#90

Post by dtquad »

xeornet wrote: post #65
solardev wrote: post #9

[flagged]

[flagged]

The Pelosis' trades are public knowledge. Pelosi and her husband have outperformed the market by being tech-optimistic Californians. One of their most lucrative investments was investing in Nvidia after ChatGPT was released triggering the AI boom. Did that require any particular political "insider knowledge"? No.
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