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These numbers were released after the close, but every trader and their brother was buying this morning. Insider trading is rampant on Wall St. This is clearl

• sabat 14y ago
  These guys are widely seen as a shifty bunch.
• dude_abides 14y ago
  Insider trading is like pissing in the pool. It sounds dirty, but really isn't that big a deal. http://twitter.com/#!/GSElevator/status/197718817382739968 http://twitter.com/#!/GSElevator/status/197718817382739968
• hkmurakami 14y ago
  >every trader and their brother was buying this morning I've noticed over the past year that such stock price behavior is particularly acute near market close (which is perhaps when the less-priviledged-of-the-priviledged-few get in on the info.).
• noname123 14y ago
  Eh, it's actually because everyone who's shorting GRPN covering their shares prior to the catalyst event. Everybody knew that GRPN's earnings were going to be positive (not positive but that it's going from red ink to earning $0.01/share, ha), so even though this company is POS. For the short-term, you don't want to going against the herd who will be turning around from bashing to mildly praising. When shorts cover, it's a wave that eventually lead to a squeeze which causes more shorts to cover - lifting the price. Personally, this is a great event. GRPN will go up a little, leaving it more room for the slow bleed later and given that there's also weekly option series. GRPN is a great stock to trade.