What to do when you have access to inside news?

[qll]

I always heared the stories of inside trading. Even dreamed what if I knew this this this before everybody knows that that that. Well this really happens now.

It happens that I know the earnings of a large public traded company one week before they are released to the public. I checked the recent market reaction of recent earning release. The stock price is up or down 5%-15%. Its average daily trading volume tells me if I can trade $20 million one day before the earninng release, the market won't feel a thing. So that is $2 million profit per Q, or $8 million per year.

What should I do now?
A shut up and borrow as much money as I can to trade the stock
B trade options for max gain
C find somebody who has $20 million and share the profit
D don't use it, because it is illegal, although nobody will ever know because I have nothing related to this public company.

Very confused now. Please let me know what you will do and what I should do now.

 

[MTE]

Quote from qll:

I always heared the stories of inside trading. Even dreamed what if I knew this this this before everybody knows that that that. Well this really happens now.

It happens that I know the earnings of a large public traded company one week before they are released to the public. I checked the recent market reaction of recent earning release. The stock price is up or down 5%-15%. Its average daily trading volume tells me if I can trade $20 million one day before the earninng release, the market won't feel a thing. So that is $2 million profit per Q, or $8 million per year.

What should I do now?
A shut up and borrow as much money as I can to trade the stock
B trade options for max gain
C find somebody who has $20 million and share the profit
D don't use it, because it is illegal, although nobody will ever know because I have nothing related to this public company.

Very confused now. Please let me know what you will do and what I should do now.

Well, now they'll know.

 

[momoneythansens]

You could share it with me in exchange for not reporting you

Better duck from the barrage of (not so friendly) responses about to come your way...:eek:

 

[Spydertrader]

Quote from qll:

Please let me know what you will do and what I should do now.

Go to jail. Go directly to jail. Do not pass GO. Do not collect $200 dollars.

Quote from qll:

D don't use it, because it is illegal, although nobody will ever know because I have nothing related to this public company.

Since the internet provides you total and complete anonymity, you should feel safe with this choice.

- Spydertrader

 

[Avid_Consumer]

the sec watches et. it's too late to trade it (not that it would have been a good idea anyway) unless you're trying to get a date with bubba in block3, why not make the info public

 

[Wetton]

This one takes the cake. Best thread ever. What to do, what to do?

It's too bad that they don't do lobotomies anymore. I'd certainly recommend one.

 

[momoneythansens]

Quote from Avid_Consumer:

the sec watches et. it's too late to trade it (not that it would have been a good idea anyway) unless you're trying to get a date with bubba in block3, why not make the info public

LMAO. Given past posts, timing, a little bit of investigative work, there is a 99% probability that the company in question is SNDK...and it was already traded. If it's not SNDK, I'll eat my hat

qll: Time for a new handle, new IP, new ISP, new hard drive, new country of residence, new name, new identity :eek:

 

[wareco]

WWMSD?

What Would Martha Stewart Do?

 

[Wetton]

Oh wait, i missed option c, "find someone with $20 million and share the profits".

Hilarious. I'd definitely recommend the lobotomy.

 

[qll]

Quote from momoneythansens:

LMAO. Given past posts, timing, a little bit of investigative work, there is a 99% probability that the company in question is SNDK...and it was already traded. If it's not SNDK, I'll eat my hat

qll: Time for a new handle, new IP, new ISP, new hard drive, new country of residence, new name, new identity :eek:

no. it is not SNDK. it is a company I never traded before.
read my other posts. i am pretty active in after earning trading, so i watch earnings all the time. i mainly read 10q, hear cc, then day trade. so i am pretty good at predicting what will happen based on earnings.
i really can not believe i can know the earnings of such a big company so easily. i know why wall street guys hang out at golf now.
Connections Really Make The Kill.