Very Funny Read `The Butler Did It,'

[robertstone]

Just read this on Bloomberg, check it out lol

`The Butler Did It,' SEC Finds in Probe of Sillerman Trades

By David Scheer

Sept. 26 (Bloomberg) -- This time, according to the U.S. Securities and Exchange Commission, the butler really did do it.

http://www.bloomberg.com/apps/news?pid=20601087&sid=axynATlE9g28&refer=home

--RS

 

[Don Bright]

That is pretty funny. Butler faxes signature of contract, then 12 minutes later buys $600 worth of stock, stock goes up 9000% and butler makes $48,000....LOL. I thought maybe we were talking about "Butler" of hedge fund infamy.

Don

 

[a529612]

Did he sell the stock right away after the run up?

 

[wareco]

Quote from a529612:

Did he sell the stock right away after the run up?

Yeah, apparently. He made a 9,000% profit, which happened in about 1 day after the announcement. Stock went from 10 cents to over $9.00. Funny thing is, the stock continued upward to $23.40. That's 23,400% :eek: