Reopening Insider Information Debate.

[David Sklansky]

"I don't think anyone here would argue there isn't value in obtaining special information like your monopoly machine info, or Groty's hedge fund market research. Information which either isn't available to the general market. Or knowledge about how the market is specifically misevaluating information that is available to it. Such information or knowledge is valuable by itself and I can't see how it wouldn't add value to a fundamental analysis - which I think was the point of your thread on that topic. If you have ideas on how to obtain such specific information I'm sure people here would like to hear them. The thing is if you don't, it doesn't do us much good listening to you tell us that it would be nice to have"

You are still missing the point. My claim is that you need not have any information. What you need is to be a good anticipator of prices. You are agreeing with me and disagreeing with DesertCat about how often there are people who know something you don't. Yet DesertCat and not you seem to realize the strategic implications if he is in fact wrong.

[eastbay]

I think David is assuming there is an unambiguous law. I think there is not. "Insider" trading is illegal if certain people say it is, not because there is some objective criteria which make it so.

eastbay

[DesertCat]

[ QUOTE ]
I'm wondering why no one seemed too concerned about the fact that people here had wildly different takes on whether or not my scenarios constitute insider trading and that no conclusion was reached.

Simple question. I have come upon information that gives me an irrefutable giant edge because no one else has it. Or because those others who have it are precluded from trading on it. I came upon this information without breaking any laws. (It may or may not be by accident. You tell me if that matters.) I am not an "insider". But the guy who is taking the other side of my trade has saved himself money because of my willingness to trade on my knowledge.

[/ QUOTE ]

DUCY?

[ahnuld]

= he was going to sell at market price anyways and your inside information enticed you to buy pushing the price up allowing him to sell at a higher price.