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Re:Tesla Says Model 3 on Track as Quarterly Loss Beats Estim... by oh_sigh on Wednesday February 22, 2017 @08:36PM (#13710905)
Traders who get their 'edge'(alpha) from grey information.

White = information easily available to the public. Say, like SEC filings or press releases.

Grey = information between white and black. For example if you over heard a CEO mention something vague to a colleague at a bar and think you can act on it.

black = clearly material insider information

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