So I have inside information

Catchy title for a post, and my bet is that the CEO may be "testing the rumor mill." I've also been in the presence of many high level executives of a company with 50,000 employees and this kind of info is typically discussed offsite, and there is usually no email trail, etc.

Having said that, I would have to wonder what Maria Bartiromo at CNBC did between when she had dinner with Bernake Saturday night last month and blurted out that Bernake said he was misunderstood 1/2 hour before market close. Then Bernake admits "he had an error in judgement ?"

Love to know how many short positions were being created that day ! Even if the CEO is level, I agree he (or she) is lame.

I have a real complaint, if you can't tell, at the amount of trading being done with info that you and I don't get. Opportunity knocks, but so does BS.
 
Quote from gunslinger:

In the conversation he told me that he has been under a huge amount of pressure b/c due to the nature of his biz, he will have to make an announcement within the next week stating that his co's earinings will be way down for the next year.
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I could tell some tales. But, there is this thing called the food chain. This guy's earnings are no secret. Think of his suppliers and their order cutbacks. Think of the sales representatives that didn't hit their numbers. Up and down the line purchasing agents are aware. This list is huge, outside the company.

Insider trading, maybe. A secret, not hardly. Consider yourself on the pheriphery of the information and act on it, just don't make too big a splash in the pool. Enjoy.

--jeff
 
too funny...how many PM's did you get from the loser ET guests?.... lol


Quote from gunslinger:

Let me start off by saying I have been in the business for 15+ years and have never come across "genuine" inside info. Of course I have gotten the "My friend knows the CEO and he says..." at least a few times a year, but it has always been meaningless.

A few days ago I had a drink with a CEO to discuss certain issues totally unrelated to market or his business. In the conversation he told me that he has been under a huge amount of pressure b/c due to the nature of his biz, he will have to make an announcement within the next week stating that his co's earinings will be way down for the next year.

It is a small-mid cap stock, followed by a few well respected boutique brokerages. I met this person only this one time and have no line to him (though my father does business with him).
I will not be using this info, nor will I be passing it onto others (too much of a pussy I guess). My question is what would you do?
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I have heard the way CEO's pass info like this all the time and don't get caught is too pass it to one person then he passes it and then that guy trades off it. If you think it's good then give it to someone and have them give it to someone to trade off of. Report back what happens.
 
Quote from TheDr.:

IMO..There's nothing to be done...The price of stock has already been handicapped by the floor anyway...That's why it's called speculation..Traders have already handicapped whatever that CEO is going to do before he even knows it...By the time he makes whatever announcement,or decides anything.. Traders have pulled money off the table and have moved on.....

Insider Information is BS...If the infomation is worth a damn. The move is gone because traders have already moved the price stock on the speculation of news.....Made money, Lost money, and moved on!
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This isnt a " miss" based on slowing sales or something. This will be an ongoing increase in expenses, which def has not been factored in by the street.

If you read my OP I had stated that I have heard the "I have inside info" chit forever and never put any credit in any "tip' I have gotten. However, this is definitely different. I thouhgt about acting on it, but realized unless I can make millions it wouldnt be worth it. That is why I posted, wanted to see what you guys would do.
 
Quote from ElectricSavant:

too funny...how many PM's did you get from the loser ET guests?.... lol
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I receieved 4 PM's on this topic, they were of a "looking out, dont do it" tone.

In answer to ur previous question the guy knew I was in the industry, but not what capacity. It was a very matter of fact comment that lasted maybe 30 seconds.
 
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