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pbmus

(12,422 posts) Thu Dec 13, 2018, 12:15 AM Dec 2018

I'll take insider trading for 10000, Alex

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I'll take insider trading for 10000, Alex (Original Post) pbmus Dec 2018 OP

Not likely to 'stick', here's why ... mr_lebowski Dec 2018 #1

mr_lebowski

(33,643 posts)

1. Not likely to 'stick', here's why ...

Reply to pbmus (Original post)

Thu Dec 13, 2018, 12:39 AM

Dec 2018

Insider Trading implies making use of knowledge not known to the public.

Decision to increase spending was made public on Sunday. Purchase was made on Tuesday, 2 days later.

A purchase made at opening of market on Monday? Now that would look pretty bad. A purchase made on the previous Friday? That'd look REALLY BAD.

But a purchase made 2 days after the news was made public is not particularly solid evidence of insider trading. UNLESS it can be shown Inhofe became privy to a particular large contract being given specifically to Raytheon ... say ... Monday night?

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