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Re: faithabides post# 236320

Tuesday, 03/08/2022 11:21:19 AM

Tuesday, March 08, 2022 11:21:19 AM

Post# of 282768
Not sure what you are trying to say.

A poster claimed that he knew folks who had inside knowledge about the considerable quantity of silk produced by KBLB. I said that anyone who traded on that knowledge, either to buy if the knowledge portends an increase in share price or to sell if the knowledge is bad, would be illegally trading. This is the definition of insider trading and it is a crime.

The reason it is a crime is simple: those trading on the basis of inside knowledge have an unfair advantage over those of us who don’t. I have no inside sources nor do I want any. I doubt there are many folks with insider information, but suspect that those who had such a goldmine would have better things to do than follow this message board.

I can’t imagine a person with insider information that predicted the company was going to fail would continue to buy stocks. Frankly I don’t really know what other investors are doing and what they know. I only know what they say they are doing and what they know. The ones who claim insider knowledge are either not being truthful or should keep their mouths shut imho.
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