If you think of the price increase that would have occurred if the appeals court went 2-1 the other way (which would have hurt GOOG financially) probably would have went from 3.50 to 7.00 or 10.00 or more. Let's say 300%
Now that we are at .70 just think if this court just allows an en banc review (which costs the judges nothing personally, is in no way corrupt, and would not hurt GOOG although the result of the en banc review could) the price of this stock would jump back to at least 3.00 if not more 4.00 or 5.00. This is over a 500% gain.
A substantially larger gain for allowing the review than the actual appeals decision for no cost to anyone.
Not that anyone involved directly with the en banc decision would be allowed to financially benefit. But if there was an insider "indirectly in the know" there would be a monster profit potential for them. And just think since this is only a review, no one involved (other than shorty and who cares about him) would be hurt in anyway. The kind of scenario where you can still sleep at night on your new found bed of money.
So, the filing for en banc review will occur mid-october. The filing itself will not have an impact on the PPS. The granting (or denying) of the review would occur maybe a month later. This will be the time to watch for any insider activity. I am not sure what it would look like, but increased volume for sure. And, in this period of time is the perect place to do it because the increased volume could be attributed to 'poor retail dummies who think the news of a filing for en banc actually means something' ... what a great cover
I will be keeping my eyes open for the next couple of weeks...
