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No. Three months in advance is just as stupid as a year past. It gives people opportunity to manipulate prices. "Day of" should be the rule. Basically, have th
by bena 5y ago
No. Three months in advance is just as stupid as a year past. It gives people opportunity to manipulate prices.
"Day of" should be the rule. Basically, have them trade in the public eye. You could subscribe to congressional stock feeds to see what they're personally buying and selling as it happens.
- ceejayoz 5y agoThree months in advance without the ability to cancel it subjects them to risk if they're trying to trade on insider info; the info could leak, change, be affected by something unexpected, etc. Letting them do "day of" doesn't really help; if you know Boeing's gonna get the contract at 3:00pm you could just do the buy at 2:59pm. No one has time to react.
- bena 5y agoThese sort of things are like driving container ships, they're big, slow, and their moves are heavily telegraphed. When Boeing thinks about inking a contract, they crow about it. By the time the contract is signed, any changes in the stock are reflected. "Three months without the ability to cancel" is a very naive solution and creates a whole new host of problems while not really solving much.