$70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
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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
#2I imagine this is going to happen again (except 100x) when there’s a China “deal.”
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#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.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#4I mean in theory couldn’t anyone close to the news source transmit it somehow via an anonymous communication channel to someone else so they can make the trade. Even if there is an investigation they have to find the proof to make a conviction right?
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#5You can worry about market manipulation, or you can buy GME shares, lock them in the Direct Registration System and wait. I just like the stock.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#6kleptocracy
/klĕp-tŏk′rə-sē/ noun
A government characterized by rampant greed and corruption.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#7No citations.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#8> 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.
What would determine whether the SEC will investigate for insider trading? I would expect them to be shielded from executive pressure.
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#9[flagged]
Re: $70M in 60 Seconds: How Insider Info Helped Someone 28x Their Money
#10This unethical stuff is where Trump actually shows true “brilliance”.
His Truth Social post that day saying (quote) “THIS IS A GREAT TIME TO BUY!” immediately gave any insider traders a perfect alibi.