stocko convicted of insider trading, page-34

kse3137...

Very true...in fact most "traders" base a good proportion of their daily process looking for the footprints of insider activity.

It is very rare for any stock in fact to see absolutely no "signs" of unusual volume or trading behaviour prior to significant announcements.

Look at virtually any stock that spikes due to a value adding announcement, be it an acquisition, discovery...what ever...and you will see 9 times out of ten clear signs of "someone" getting set in the stock.

Whilst Stocko was Cleary buying (and I assume selling) on inside information, and very much talking out of place regarding information he was obviously in possession of, I still see his prosecution as being a bit like the car driver that gets stung for speeding, even though everyone else was doing the same speed.

In this regard, I feel the prosecution is unfortunate...however in reference to the use of multi-nics for the purpose of misleading, some of which appears related to the insider nature of what he was doing, then I feel no sympathy for him what so ever.

Same goes for the numerous multi-nic posters still in action here...some of which are clearly the "alter ego" of what I suspect might be more sanguine posters. I very much suspect we have quite a few who switch from their "bad" to their "good" side depending on their position in the stock...or general market "flavour".

There is no argument in my book to support using multi-nics to mislead others...PERIOD!

Some 12 years ago, I started this "game" on the markets with open eyes and a basic trust in human nature...and I lost money consistently! I now automatically assume most people are out to rip you off...including many small-cap company directors...and surprise surprise, have managed to turn those results on their head.

What does that say about the "system"???

It is clear there are many posting on these threads who know more than the public does...sometime they are blatant, but more often give very subtle "clues" which only those informed can pick up on. lol...I suspect a few of these people might be questioning their future "contributions" after today's verdict.

Another "issue" for me are directors trades...WGP was a recent point in question for selling at the "top" of an announcement induced rally...I mean, how does that work?

Worse still are directors who actively "trade" their stock...the old YAM was a good example of both buys and sells around key potential re-rating announcements...for the life of me, I cannot work out how anyone so closely involved in a company, particular their projects and announcements relating to same, can actively trade at arms length?

I suggest it is impossible!

Think about that for a minute...you are in charge of the a company's direction, you are looking at various activities that may or may not impact the value of that company, you choose when and what to announce...and yet you can buy and sell shares virtually at will?

Makes Stocko's indiscretions look a little tame.

Cheers!