To: fight_truth_decay
According to the "insider trading" laws, if I work for a company that I think is a really good company and tell people to buy the stock because of all the great products coming down the pike, I could be guilty of a crime.
And they call this the "Land of the Free?"
To: Reelect President Dubya
Buy on RUMOR, sell on News!
To: Reelect President Dubya
"According to the "insider trading" laws, if I work for a company that I think is a really good company and tell people to buy the stock because of all the great products coming down the pike, I could be guilty of a crime. And they call this the "Land of the Free?" "
Yes, because that information doesn't belong to you, that information belongs to the owners (the same way the vault combination number doesn't belong to the president of a bank even though he "knows" it). And since trading shares on the public market creates such a large pool of owners, that information has to become available to all of them equally and at the same time.
23 posted on
06/06/2003 8:27:52 PM PDT by
Tamzee
( It is useless to attempt to reason a man out of a thing he was never reasoned into. - J. Swift)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson