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>The insider trading seems much the same. The sheer volume of those trades, coming less than a week before significant announcements of previously-secret inform
by afro88 12y ago
>The insider trading seems much the same. The sheer volume of those trades, coming less than a week before significant announcements of previously-secret information, was bound to throw up red flags. Did they have to short the stocks as well?
It really was clever of Cohen to generate this reputation of having a 6th sense for stock movement. It turns obvious insider trading into "gee that Cohen is a genius, I wish my intuition was half as good as his"
I bet a lot of his great trades involved some kind of insider knowledge but were put down to him having an uncanny ability to intuit the market.
I guess he didn't have such a great intuition for how far he can push a ruse before the authorities caught on.