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Not necessarily...perhaps someone else failed to keep the information confidential, in which case it would seem that Cuban would be legally free to sell, correc
by ryanwaggoner 18y ago
Not necessarily...perhaps someone else failed to keep the information confidential, in which case it would seem that Cuban would be legally free to sell, correct? Once the news breaks, it's no longer non-public information, right?
- soldarnal 18y agoIt seems likely that the information wasn't already public knowledge or the stock's price would have dropped in advance of the public statement. We've seen this year how fickle the markets can be to public "knowledge" such as when United declared bankruptcy or when Steve Jobs had a heart attack.