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“etson, my understanding from what I read is that the workers had a hunch and were not privy to any non-public/inside information, material or otherwise.It’s been a while since I had occasion to research it, but I thought the standard was close to actual knowledge. ”
Yeah, agree with you that it would likely not count if it was just a pure hunch. Think they would need something more specific than that for it to stand up.
you read an article about the unwashed and you thought of me? 🙁 what did the article say? i cant think of many reasons people choose not to shower other than laziness or social deviance. tho maybe unwashed people live longer because it builds up their immune systems? either way, pretty gross.
if i could train my dog to take a shower on his own, i would. he needs a bath soon. he smells like tortillas.
…probably a good case for prosecutorial discretion.”
Could be. I don’t know the facts well enough, but sounds right to me.
DCB is probably correct that insider trading is unfortunately common among people who are much less sympathetic than these guys but it’s very hard to nail these people. Just look at the runup in any company’s stock prior to a deal announcement for evidence of this.
Also consider how a deal announcement takes negotiating leverage away from the company. “Oh, you don’t want to do a deal? Ha! You already announced it. Sign here.”
It would also signal to other interested parties who may want to bid even higher.
At some point you have to announce. it’s an art form as to when!!!
“Did anyone read that article in the NYT about the rise of the”Unwashed”-people who never use deodorant or wash much…..”
No, but I can usually smell them so i don’t need a newspaper article to warn me.
This is all do to the strength of the Euro and EUROTRASH invading our shores. Asians don’t sweat so it’s not the Asians and have you ever stood close to any Mexicans??? They all smell like fabric softener they are so clean and freshly washed and clothed. I can actually know when a Mexican is behind me because of the strong fresh smell of the fabric softener. That’s because the wife stays home all day to do laundry and cook food for the working menfolk.
etson, my understanding from what I read is that the workers had a hunch and were not privy to any non-public/inside information, material or otherwise. It’s been a while since I had occasion to research it, but I thought the standard was close to actual knowledge.
In lechacal’s hypo, I think the lawyer in the room negotiating the deal would be guilty of insider trading even if the deal cratered at the last minute. Unlike the rail yard workers, the lawyer possessed actual, material non-public information and traded on it and had a fiduciary duty not to. No hunch or educated guess there.
Yes, they probably should announce that there’s interest or that they solicited interest. It would be to the shareholders’ benefit.”
What if the deal falls through? Companies look at stuff all the time that doesn’t end up happening. A deal announcement can be very disruptive to a company. Employees get nervous about layoffs, people lose focus. Announcing a “might happen” deal is not the way people do things.
Also consider how a deal announcement takes negotiating leverage away from the company. “Oh, you don’t want to do a deal? Ha! You already announced it. Sign here.”
“etson, my understanding from what I read is that the workers had a hunch and were not privy to any non-public/inside information, material or otherwise.It’s been a while since I had occasion to research it, but I thought the standard was close to actual knowledge. ”
Yeah, agree with you that it would likely not count if it was just a pure hunch. Think they would need something more specific than that for it to stand up.
you read an article about the unwashed and you thought of me? 🙁 what did the article say? i cant think of many reasons people choose not to shower other than laziness or social deviance. tho maybe unwashed people live longer because it builds up their immune systems? either way, pretty gross.
if i could train my dog to take a shower on his own, i would. he needs a bath soon. he smells like tortillas.
*rob*
“Did anyone read that article in the NYT about the rise of the”Unwashed”-people who never use deodorant or wash much…..”
Bierdos anyone?
“By slopefarm on November 1, 2010 10:13 AM
…probably a good case for prosecutorial discretion.”
Could be. I don’t know the facts well enough, but sounds right to me.
DCB is probably correct that insider trading is unfortunately common among people who are much less sympathetic than these guys but it’s very hard to nail these people. Just look at the runup in any company’s stock prior to a deal announcement for evidence of this.
Also consider how a deal announcement takes negotiating leverage away from the company. “Oh, you don’t want to do a deal? Ha! You already announced it. Sign here.”
It would also signal to other interested parties who may want to bid even higher.
At some point you have to announce. it’s an art form as to when!!!
So are we impressed by the 200K # that showed up at the Rally in DC this weekend?
I would have thought more myself….
“Did anyone read that article in the NYT about the rise of the”Unwashed”-people who never use deodorant or wash much…..”
No, but I can usually smell them so i don’t need a newspaper article to warn me.
This is all do to the strength of the Euro and EUROTRASH invading our shores. Asians don’t sweat so it’s not the Asians and have you ever stood close to any Mexicans??? They all smell like fabric softener they are so clean and freshly washed and clothed. I can actually know when a Mexican is behind me because of the strong fresh smell of the fabric softener. That’s because the wife stays home all day to do laundry and cook food for the working menfolk.
etson, my understanding from what I read is that the workers had a hunch and were not privy to any non-public/inside information, material or otherwise. It’s been a while since I had occasion to research it, but I thought the standard was close to actual knowledge.
In lechacal’s hypo, I think the lawyer in the room negotiating the deal would be guilty of insider trading even if the deal cratered at the last minute. Unlike the rail yard workers, the lawyer possessed actual, material non-public information and traded on it and had a fiduciary duty not to. No hunch or educated guess there.
“y daveinbedstuy on November 1, 2010 10:12 AM
Yes, they probably should announce that there’s interest or that they solicited interest. It would be to the shareholders’ benefit.”
What if the deal falls through? Companies look at stuff all the time that doesn’t end up happening. A deal announcement can be very disruptive to a company. Employees get nervous about layoffs, people lose focus. Announcing a “might happen” deal is not the way people do things.
Also consider how a deal announcement takes negotiating leverage away from the company. “Oh, you don’t want to do a deal? Ha! You already announced it. Sign here.”