Insider trade on Splunk acquisition?
twitter.com
Insider trade on Splunk acquisition?
1–10 of 371 posts
Re: Insider trade on Splunk acquisition?
#2Appears pretty obvious! Hard to believe they will be able to keep the profits.
Re: Insider trade on Splunk acquisition?
#3Is there any legit way in which whoever made this trade could have got a wind of a potential acquisition without relying on inside knowledge?
Re: Insider trade on Splunk acquisition?
#4Is there any legit way in which whoever made this trade could have got a wind of a potential acquisition without relying on inside knowledge?
Knowing about the acquisition puts you in possession of material nonpublic information. It's unlawful to trade on the basis of such information whether you work at the company or not. Passing it along is 'tipping' and acting on it is still 'insider trading.'
Re: Insider trade on Splunk acquisition?
#5Appears pretty obvious! Hard to believe they will be able to keep the profits.
[dead]
Re: Insider trade on Splunk acquisition?
#6Obviously I don't condone insider trading, but it's nice to see someone go all in and make some real money. If you're going to risk jail time, you might as well do it for life-changing amounts of cash.
Contrast this with Stephen Buyer who's going to trial and may well end up in jail for a piddly few $100k.
Re: Insider trade on Splunk acquisition?
#7Obviously I don't condone insider trading, but it's nice to see someone go all in and make some real money. If you're going to risk jail time, you might as well do it for life-changing amounts of cash. Contrast this with Stephen Buyer who's going to trial and may well end up in jail for a piddly few $100k.
I expect this trade will indeed change the trajectory of their life.
Re: Insider trade on Splunk acquisition?
#8Is there any legit way in which whoever made this trade could have got a wind of a potential acquisition without relying on inside knowledge?
Knowing about the acquisition puts you in possession of material nonpublic information. It's unlawful to trade on the basis of such information whether you work at the company or not. Passing it along is 'tipping' and acting on it is still 'insider trading.'
I am far from an expert - but think this is essentially true - but does not universally imply you can't trade on the info.
Example: You watch the front door of an office building. From seeing who walks in, you ascertain with 99% probability that companies X and Y are working on some kind of big deal. If you're just a random person with no relationship to those companies, you can trade on this information.
(Not legal advice! Don't do this unless you are sure it is OK! Which I am not!)
Re: Insider trade on Splunk acquisition?
#9Is there any legit way in which whoever made this trade could have got a wind of a potential acquisition without relying on inside knowledge?
Knowing about the acquisition puts you in possession of material nonpublic information. It's unlawful to trade on the basis of such information whether you work at the company or not. Passing it along is 'tipping' and acting on it is still 'insider trading.'
My understanding is that having material nonpublic information is not—in itself—enough to make a trade illegal. As long as you're a true outsider, and didn't get that info using illegal means, you can trade on it.
Maybe this whale was tracking tail numbers, drove down to the executive airport, and saw that Cisco's chief M&A guy had a huge grin on his face as he stepped onto the plane.
(Okay, I doubt that highly, but it is a scenario)
Re: Insider trade on Splunk acquisition?
#10Earlier quoted context omitted.
Knowing about the acquisition puts you in possession of material nonpublic information. It's unlawful to trade on the basis of such information whether you work at the company or not. Passing it along is 'tipping' and acting on it is still 'insider trading.'
I am far from an expert - but think this is essentially true - but does not universally imply you can't trade on the info. Example: You watch the front door of an office building. From seeing who walks in, you ascertain with 99% probability that companies X and Y are working on some kind of big deal. If you're just a random person with no relationship to those companies, you can trade on this information. (Not legal…
[deleted]