4 ms·
> Why do such comically obvious insider trading if you're only selling a small percentage of your stock? Because then it makes it look innocuous and fools thos
by HelloMcFly 9y ago
> Why do such comically obvious insider trading if you're only selling a small percentage of your stock?
Because then it makes it look innocuous and fools those who would scrutinize the behavior, like it did may have for anyone expressing the above opinion. It would be so blindingly damning to sell-off all of one's holdings, but selling off a small portion could allow for partial benefit of your asset at peak value before it declines.
If it were me, I'd do it exactly this way. I'd be trying to find the perfect intersection of mitigating the upcoming asset value decline and maximizing perceived innocuousness. Selling everything? That'd be a sucker's move.
- thefalcon 9y agoThe point is you're still going to be investigated, and it's not going to be fun, and probably not going to be worth the relative small gain you'll make even on the off chance you manage to get away with it. [That said, if it's me, I'm making a point of disclosing all future stock sales well in advance just to make sure this kind of thing can't come back to bite me.]
- zentiggr 9y agoBut they've spent their careers building up layers of untouchable-it is, and assuming since nothings bitten them before, they can do what they want... what's a minor investigation when you can grab a few mil? And get the probes quashed by just mentioning in a closed hearing how many SEC officials and congresspeople were involved in the breach, or maybe they weren't? Hard to figure out when I'm spending so much time in these hearings... (I hate myself for having written that but ugh Too damn much tit-for-tat.)