4 ms·
No you wouldn't. Everyone would be in your boat. He has info you did not which is how he did it. It's not smart. It's just unscrupulous. It may also turn out to
by harry8 7y ago
No you wouldn't. Everyone would be in your boat. He has info you did not which is how he did it. It's not smart. It's just unscrupulous. It may also turn out to be really, really dumb. At least I hope so.
- icedchai 7y agoHe can buy back in at a lower level and probably double his gains. You can't say he made a bad decision.
- harry8 7y agoFinancially it could be, and i hope it is, a disaster. Insider trading is a thing. Saying one thing about privileged information in public while trading as though the opposite is true could well come back and bite him very, very hard. Dumb. Corrupt. Doesn't matter how common crime is for it to be worth prosecuting. If you did it on public info. Fine. Redistribution of wealth from those who did not to you for being faster. If you did on information you then lied about in public, in an official capacity. Rot in jail you crook. Even if he "gets away with it" no sane individual would ever trust him with anything ever again.
- dk- 7y agoto be fair, anyone watching china cases emerge in january should have done the same thing. hindsight is 20/20 and all, but when china didn't lock their borders down right away should have been a major warning sign