My pal Bill Singer of Brokeandbroker.com brings us up to speed on the massive hedge fund insider trading ring and the status of some of the players.
Insider Trading
3Com Insider Trading Probe In Effect
The SEC is looking into what many people are calling a blatant sign of insider info on the Hewlett-Packard for 3Com acquisition according to Bloomberg (hat tip Zero Hedge). In case you missed it: More than 8,000 3Com calls changed hands on Nov. 11, 17 times the four-week average. The most active were contracts conveying…
Why Greenwich PD May Run Out of Handcuffs Soon
At last count, the insider trading ring that was originally busted in mid-October has already included roughly 30 people arrested so far. With high profile funds like SAC Capital being closed in on, it’s helpful to get a better idea of how this thing was actually run. The below infograph comes to us from the…
Insider Trading Cards – Collect 'Em All!
Hot Links: Greenblatt, Krugman, Roubini & Livermore
Stuff I’m Reading this Morning… What’s all the hubub about with Roubini‘s carry trade prediction from this weekend? (Clusterstock) To hedge a portfolio, diversify or hold cash? Great post. (AbnormalReturns) Love this stuff – 7 Lessons from trading legend Jesse Livermore. (Minyanville) The best and worst stock reactions from this earnings season. (Bespoke) The Bears…
Hot Links: Wasted!
Stuff I’m Reading this Morning… Greenbackd’s monthly list of stocks with activist positions. (Greenbackd) I’m making this one the post of the day: All about compounding. (InvestingCaffiene) Bill Ackman, David Einhorn and others share their best investing ideas. (Clusterstock) Peter Maass has a new book out about the violent world of crude oil. (USAToday) Bill…
Galleon Hedge Fund Taking On Water
Much like the Spanish galleons of old, which sailed back to the motherland laden with the ill-gotten riches plundered from the Americas, the Galleon Group of hedge funds was nailed today for insider trading. I’ve only skimmed the indictment, but what caught my eye was the paying off of newsire service employees for an early…
Insider Trading Lesson 1: No Call Options
You guys are so stupid. The first thing the SEC looks at is the call option activity whenever there’s a high profile merger or takeover. Anything unusual is gonna be flagged. From DealBook: The Securities and Exchange Commission on Wednesday charged two men with running an $8.6 million insider-trading scheme connected to Dell’s $3.9 billion agreement…
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