Party Poker is up to Something

[4_2_it]

[ QUOTE ]
If he is acting on privileged information in deciding to buy or sell stock, then he is breaking the law.

[/ QUOTE ]

He just announced that he wasn't going through with one of his planned December sales. Hard to see how he is breaking any law since he is neither buying nor selling shares. It's not illegal to just decide to hold shares AFAIK.

A lot of corporate executives announce December stock sales well in advance so that the markets do not get spooked when they see a executive has sold a block of stock. Most of the time the stock sales are for very legitimate reasons related to personal financial/estate planning.

Without any other information, it's hard to read too much into this singular event.