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Old 02-01-2013, 12:05 AM   #1
MrMaxwell
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Let's play the"would this be illegal" game

It's okay to trade stock based on a public promotion.

Would it be okay to trade based on knowing when one was going to happen before ANYONE else knows?

My first thought would be, no.. It'd be insider trading
BUT
Would it really be so since you wouldn't actually have inside about fundamentals of the actual company?
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Old 02-01-2013, 04:00 AM   #2
ottopottomouse
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Is the knowing from you guessing/working it out for yourself or being told by an employee or anyone related to the business?
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Old 02-01-2013, 04:50 AM   #3
MrMaxwell
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Originally Posted by ottopottomouse View Post
Is the knowing from you guessing/working it out for yourself or being told by an employee or anyone related to the business?
If you knew about a stock promotion before it happened.. Say, as in, something like this: the promoter told you.
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Old 02-01-2013, 05:23 AM   #4
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Quote:
Originally Posted by MrMaxwell View Post
If you knew about a stock promotion before it happened.. Say, as in, something like this: the promoter told you.
Yeah, illegal a lot, all the way around. Conspiracy first comes to mind, followed by charges of fraud, illegal stock manipulation..........it only gets worse from there.

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Old 02-01-2013, 05:35 AM   #5
Tony Soundview
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Was the promoter wearing a wire when he told you this?
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Old 02-01-2013, 05:51 AM   #6
MrMaxwell
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Was the promoter wearing a wire when he told you this?
Hell no, I'm better at clandestine business than that!!

LOL

No, this is just me thinking out loud
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Old 02-01-2013, 05:51 AM   #7
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Yeah, illegal a lot, all the way around. Conspiracy first comes to mind, followed by charges of fraud, illegal stock manipulation..........it only gets worse from there.


I kinda thought it'd end up being a pile of different reasons
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Old 02-01-2013, 06:04 AM   #8
lagcam
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My turn.

If MrMxwell started a thread in which he asked if something was illegal is there any remote chance in hell that it wouldn't be illegal?
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Old 02-01-2013, 06:06 AM   #9
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Quote:
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I kinda thought it'd end up being a pile of different reasons
You mean like how unethical and immoral it might be?

Reality?

The entire stock exchange system is unethical and immoral to begin with, so as far as I am concerned, if you can get away with it, fine. You'd be doing nothing different than the Big Boys!

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Old 02-01-2013, 06:06 AM   #10
MrMaxwell
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My turn.

If MrMxwell started a thread in which he asked if something was illegal is there any remote chance in hell that it wouldn't be illegal?
Touche

BUT

Every god damned thing that is a good idea seems to be fucking illegal
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Old 02-01-2013, 06:08 AM   #11
MrMaxwell
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Originally Posted by AdultPornMasta View Post
You mean like how unethical and immoral it might be?

Reality?

The entire stock exchange system is unethical and immoral to begin with, so as far as I am concerned, if you can get away with it, fine. You'd be doing nothing different than the Big Boys!

AGREED
Only my luck is to end up being made an example of, so I try to stay clear of doing anything illegal If I would let myself break laws I'd have unfathomable amounts of money.
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