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It’s not “insider” trading if you post about it publicly on Truth Social, the same way it’s not “insider” trading if you took out an ad in the New York Times.
by freeone3000 2y ago
It’s not “insider” trading if you post about it publicly on Truth Social, the same way it’s not “insider” trading if you took out an ad in the New York Times.
The government is allowed to announce policy before doing it! Even if it affects stock prices!
- amelius 2y agoYeah, I'm not on that social media, nor do I read NYT. The same holds for millions of others.
- freeone3000 2y agoToo bad! Insider trading, as a crime, requires that the information be nonpublic material information. You can join Truth Social and follow Donald Trump, so that makes the information public. It actually is that broad. Futures traders often rely on industry-specific periodicals, which are “public”. Same for anything in the (high monthly cost!) Bloomberg terminal. So posting on a specific social media platform, where subscribing is free? That’s 100% public.
- amelius 2y agoExcept he didn't announce anything. He said "a good time to buy" which may be code language that his friends understand.
- freeone3000 2y ago… are you hearing yourself? “It’s a good time to buy!” has the plain english meaning “you should buy stock”. Everyone, you included, understood he was talking about US company stocks. Which, if you did, you would have profited. This theoretical code would be “when i say it’s a good time to buy stock, we should all buy stock!”. That is, well, not a code.
- amelius 2y agoHe should have announced the policy, and said something like "we will pause the tariffs". But instead, he said something vague, which can be interpreted as a hint, and which will open the road for investigations.
- freeone3000 2y ago“Now is a good time to buy” isn’t vague.
- amelius 2y agoThe point is that this text is not the official policy. It is a hint to investors.
- freeone3000 2y agoA public hint to investors.
- amelius 2y agoA hint to those who know the code.