To: TheBattman
"What would you do?"
If you own a stock and get inside information that it will be tanking soon, you just have to take the hit. However, you could try to offset the effect on your portfolio, say, by buying another stock that will likely go up because there will be less competition from the one you own; or you could short futures or have a "put" option on the sector your stock is in. I think that would be legal, at least, you wouldn't go to jail for it.
To: CaliGirlGodHelpMe
Amazing - if you have a friend who works for a company that is "up-and-coming", they can reccomend the stock and give you all the info you might want or need to invest. That same friend warns you that trouble is on the horizon and you cannot act on that info.
Just doesn't seem "right" to me.
I understand the intent of the law - to keep big execs. from dumping stock in their own company, thus leaving the "average Joe" stockholder holding the bag. But sometimes the law just doesn't make sense....
246 posted on
03/08/2004 9:44:24 PM PST by
TheBattman
(leadership = http://www.whitehouse.gov/president/gwbbio.html)
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