RE:RE:RE:RE:RE:RE:RE:Pros and cons of $58CDN Then enlighten me please.
Let's say I'm in insider and I know a deal is coming. I give this information to a journalist. The journalist then publishes this information on a website. Following this, thousand of people buy into the company and then an official buyout is announced. You can't prosecute the thousand of people because they acted on a public information from a website. You can't prosecute the journalist because she just passed on the news and did not trade.
So who gets prosecuted for this?
I'd say, the iniital insider. Even if he never traded, people did profit for his inside info. He broke the law. That's why an insider will never, ever release inside information, because then he's liable for anyone trading on this.
That's why all of this garbage doesn't make sense. But whatever I always said the buyout was a fairy tale it's just funny to see how rookies think they understand the stock market.
CookieMonster wrote: Happens all the time! Watch CNBC!