STRONG BUY, page-261

If one reads https://www.copyright link/markets/...tre-of-the-wisetech-maelstrom-20191023-p533em , one learns that Jcap is a business that works for hedge funds. Initially the focus was on China, but as less money was being invested in China, Jcap had to broaden its market. It would be a no-brainer to have a small side bet if one knew a stock was going to be targeted by a deep-pocket hedge fund. Drawing a long bow, this in itself may be construed as insider trading if one extends that to include a person who becomes aware of non-public information, and trades on that basis.

On the last point, in Australia people have been convicted of a crime, and jailed, because they profited from information from the Bureau of Statistics before the information was published. See https://www.copyright link/companie...amay-sentenced-to-seven-years-20150316-1m0j9d. Even a man who accessed “buy” recommendations before they were published was jailed for insider trading – see https://www.heraldsun.com.au/truecr...g/news-story/9689ee5640f2a6b2f54b12c7ddbe6ad7