Let me preface this blog by telling you I believe victim less crimes, such as egregious insider trading activities, are punished far too harshly in this country. It panders to populism, the pitched fork guy running naked in the streets after rich people. I do not believe that anyone should have his/her freedom taken away for stupid stuff, like selling XYZ ahead of a bad earnings report. Fine the person; bar them from the industry, but keep the prisons filled with child abusers instead.
Having said that, can someone please be kind enough to explain to me, in layman’s terms, as I am still reeling from the FEYE s-1 filing, how Bill Ackman is allowed to freely admit taking his single largest investment ever ($4 billion), in AGN, while knowing before hand that VRX would bid for the company?
How did Bill know before hand?
He had a deal with VRX in place that said he’d support their hostile takeover?!?
Wow.
It’s good to be King.
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Dont forget the MASSIVE buy imbalance in AGN on the close an hour before it the news was announced
So brazen
You just need to work harder to be king my man!
The SEC is only concerned with the little guys. Like the guy who bought $90K worth of Heinz call options last year.
http://www.sec.gov/News/PressRelease/Detail/PressRelease/1370539873749#.U1Ze59FOXIU
Wealthy people born into prominent families have a certain privilege over others.
My timing is impeccable – took starter long in FEYE yesterday.
Your FEYE drawdown will continue until I sell it. Sorry about your luck, pal!
It ain’t gay if it’s in a three way.
I cordially disagree on the topic of lenient punishment for ‘white collar’ crimes. Every shyster deserves a proper colon cleanse by Bubba in the bowels of a federal prison shower.
And also of note, child molesters do not belong in prison, they belong in the gas chamber.
Halfblood
That’s because you’re Archie bunker bitter. The populism I speak of caters to people like you.
I champion the ability for Americans to gain great fortunes and provide for their families for generations to come as long as they do so legally, ethically, and with respect for those of lesser means.
You have a pitched fork and are running naked in the streets after millionaires.
…you are making my blood boil. Going to cut the lawn.
Of course I am.
+1
i put RVNC on my watchlist after your mention and bought at $27.50 last week. Today is a good day.
He has political connections.
The political elitists run the show.
And it’s why Jon Corzine is not in prison.
And they sent Martha Stewart to prison, not for inside trading, but for “lying” to the FBI.
Those muthafrs (sp.) lie to us every day.
+1
we just have to decrypt what’s behind the lies to take profit 🙂
this FEYE registration has been telegraphed for months – in every Q and K. I hope you know that the float is 60mm shares and the remaining 90mm are coming free in the next 2 months.
Anyone playing around in ISRG? I may dip in sometime soon.
and/or OMED
Did you not see Jumpin Joe Kern’ write off the possibility of this being insider trading, in about 5 seconds, on Squawk Box this morning? Nothing to see here…
it’s not only insider trading but for someone in his standing & position, it’s immoral, unethical & just plain cheating
FEYE should file more S-1’s. Haven’t seen +2 in a long while. Lot of 4/25 52.50 calls bought.
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