Silicon Valley IT Administrator and Friends Charged in Insider Trading Ring

Re:Silicon Valley IT Administrator and Friends Charged in In... by larnmar on Tuesday December 17, 2019 @08:30PM (#21820927)

The best way to cover your tracks would be to post about it in advance on /r/wallstreetbets so that you look like just another YOLOing idiot.

[ Parent | on HN ]

Re:Silicon Valley IT Administrator and Friends Charged in In... by rolltiide on Wednesday December 18, 2019 @04:41AM (#21823286)

eh you can do a lot with erroneous trading patterns for weeks/months before your big trades

but if you work for the same company its best not to do the trade at all

instead of looking for an 8% move, just get the 2% move in the ETF that the company is part of. there is a prohibition that extends to derived or linked securities, but this is much harder to detect and prove. its just ammunition without a weapon

but really, better to play the sector as a whole. if I worked for Expedia and saw what affected their earnings, I would trade Priceline expecting exposure to the same trends.

[ Parent | on HN ]