Suspicious trading....

[kalian]

http://www.axisoflogic.com/artman/publish/article_4708.shtml

Exchanges saw a huge spike in the purchase of Bank One options even before news of the huge J.P. Morgan acquisition broke. The transactions were enormously profitable for a fortunate few.



Coincidence or insider trading...? :shrug:

[lcordero]

1. And I'll bet that not one of them are going to see jail time

[Frodo]

2. Speculation on their yahoo message board a day or two early.

Of course, those things go on all the time (speculation that is).

But combined with trading activity??


Will be interesting to watch

[RainDog]

3. The entire system is rigged to allow insider trading

as the article says, this is so obviously a situation that begs the question...

YET, if it was someone "lower on the rung" who does not have the responsiblity NOT to give insider information...

then it isn't insider information...

so all that has to happen is for the insider to tell the messenger who can avoid the letter of the law while violating the spirit of the law, whose intent is to allow as level a playing field as possible.

this is why the stock market is total bullshit and it is immoral, imo, that people can make shitloads of money by doing nothing other than being privvy to information they shouldn't have in the first place.

[bemildred]

4. Actually, you can make shitloads of money by being

a good guesser. Like Vegas, but even more rigged. The
really cool thing about stock is it's just like being able
to print your own money, as long as you can get people to
buy it. You just buy some paper and print as much as you
want and sell it, and bingo, there is all that money, and
you owe squat but some vague fiduciary duties in return.

[Art_from_Ark]

8. You don't even need paper anymore

since most stocks today are merely computer files

[bemildred]

9. You are correct, but

"buy some magnetic media" doesn't read as well ...
:-)

[KoKo]

5. Unless you're Martha! Interesting how "examples" are picked to target

for "insider trading" isn't it.

[jmcgowanjm]

6. yes, the entire game is rigged

That's why Spitzer will have to be bought off
soon.

BTW, the JPM/ONE deal is being seen as a
merger of weakness.
The JPM/Chase deal never has panned out.

And like the BankAmerica/Fleet deal
the odds are high that it won't go thru.

[RainDog]

7. And this is why the bush style tax cut was b.s.

because his tax cut, unlike a payroll tax cut, put more money into the hands of the already affluent, who can then spend it betting among themselves in the stock market. Sure, they can buy another house or whatever, but their basic needs are more than met, and then it becomes an issue of who can finagle the most monopoly money.

It sounds like you're saying that the money making is all on the buzz, both then, and with your rumor that it won't go through.

Like too much, it's all just shimmery surface, all shiny happy people.