InvestorsHub Logo
Followers 31
Posts 3557
Boards Moderated 0
Alias Born 07/28/2007

Re: 2late2trnbck post# 18962

Friday, 01/02/2009 10:38:34 PM

Friday, January 02, 2009 10:38:34 PM

Post# of 19383
average investors can do lots of things with a stock like this. Several people on this board could dump their shares tomorrow and create a huge price drop. Likewise the institutional investor (some hedge fund) that holds 1M shares. .. why?

there are all kinds of rules about disclosure for insiders. I don't know them, but it would not be worth their time to play games like this. The person doing it would be some trader acting on behalf of some fund manager likely. Like maybe the hedge fund mentioned above.

It is not technically illegal, just unethical in some circles... the line gets very blurry on the trading floor.