You may be much better educated than I on insider trading, but as I understand it courts have ruled that insiders have to wait a reasonable amount of time for t

You may be much better educated than I on insider trading, but as I understand it courts have ruled that insiders have to wait a reasonable amount of time for the public to absorb that information. "Reasonable amount" seems to have changed over the years (first read about it in Business Adventures, Buffet and Gates' favorite biz book), but I note that most trading firms today state you must wait until the 3rd business day to act on that information. Another issue is whether you know this is fact, but the public only knows it as rumor. Of course, you'll want to consult a lawyer about all this.