Tips and smart tip$. Have you ever received an insider trading style tip from a client?

[marylander1940]

There are tips, and tip$. Have you ever received an (insider trading) style tip from a client?

 

http://static5.businessinsider.com/image/4add8e0b000000000086ca84-1190-625/you-better-be-ready-for-the-next-galleon-sized-insider-trading-probe-because-its-here.jpg

 

I'm aware that many of yinz are not only tech savy but also good investors in real state and other areas. If yes (you've received a tip from a client) did you follow it? If not, do you regret not following it?

 

No names, please. Maybe you can tell a story a friend told you, or something you overheard...

 

Related to this subject...

 

http://www.companyofmen.org/threads/would-you-like-to-have-a-stock-market-business-forum.110386/

http://www.companyofmen.org/threads/what-would-you-like-to-do-when-you-retire-from-escorting.109307/page-2#post-1033612

[+ nycman]

Not an escort /client thing....or even in insider trading thing....but.....

 

I used to have a friend who knew his industry extremely well.

 

He would often get invitations to events that could best be described as "insider events", although the press was always present and reporting.

This was in the early age of cell phones and the internet was still in it's infancy. He would call me from the floor of the event 5 minutes into

it with very specific BUY/SELL/LONG/SHORT instructions.

 

It wasn't insider trading. He had no specific knowledge that wasn't available to the general public and he never worked for any of the companies

that he instructed me to trade. He just knew his industry extraordinarily well and he knew the value in using that knowledge quickly before the

rest of the world could translate what they had just seen unveiled. He had the unique ability to spot a revolutionary moment the second he saw it.

 

The amount of cash that was made in those heated phone calls was impressive.

 

For the record....he was NEVER wrong.

 

It was truly amazing.

[+ Keith30309]

The SEC's division of enforcement is pretty sophisticated and aggressive (including wire taps, tracing large cash movements and in one case, tracing suspect's concurrent use of NYC metro subway cards) and just "getting lucky" is unlikely to go unnoticed for long. I'm familiar with a case where a broker was forced to disgorge significant "profits", lost his license and barely escaped jail.

Just buy your favorite guy a Rolex instead.

[+ purplekow]

 

Just buy your favorite guy a Rolex instead.

My budget allows me to buy a Bolex, which as I heard from the guy selling them from inside his raincoat, has the time AND date and no one can tell the difference.

[robberbaron4u]

Buy First Pacific. You didn't hear it from me. . .

[instudiocity]

There you go again, M1940. Asking questions that could lead to legal entrapment of someone.

 

I wouldn't touch your question with any answer but this reply.

[robberbaron4u]

Don't buy First Pacific. You didn't hear it from me. . .

[stop]

I recommend buying as many shares as you can in li'l Lisa's patented animal slurry

[rvwnsd]

Anyone who gives anyone else "insider" information is just plain crazy. One never knows who one is talking to.

[robberbaron4u]

Hold First Pacific. You didn't hear it from me. . .