Insider trading?

Discussion in 'Apple, Inc and Tech Industry' started by NewGenAdam, Aug 13, 2013.

  1. NewGenAdam macrumors 6502

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    #1
  2. BaldiMac macrumors 604

    BaldiMac

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    Jan 24, 2008
    #2
    When did he make "an investment based on information not publicly available to the market"?
     
  3. NewGenAdam thread starter macrumors 6502

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    #3
    yeah I guess there's no indication that he did. Hm I can easily imagine that many people get away with it though
     
  4. gnasher729 macrumors P6

    gnasher729

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    #4
    So you are accusing the man of a crime for which he would go to jail, based on - absolutely nothing?
     
  5. NewGenAdam thread starter macrumors 6502

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    #5
    I'm wondering aloud about the extent of insider trading around Apple, which was provoked by this story
     
  6. pdjudd macrumors 601

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    #6
    Then why did you accuse him of "making an investment based on information not publicly available" when you admit that you had no proof of this?

    And your statement had nothing to do with insider trading around Apple, it was about something that one person said.
     
  7. heehee macrumors 68020

    heehee

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    #7
    Just because they met, doesn't mean apple released inside information.
     
  8. vrDrew macrumors 65816

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    #8
    No.

    It would only become insider trading if Tim Cook had told him specific information about the company's future plans that hadn't been made public.

    The information also has to be material. If your wife works for Apple, and she tells you they've switched landscaping contractors for their campus, that might be considered "inside" information that wasn't publicly available - but its not going to materially affect the stock price.

    Carl Icahn is telling you that he thinks Apple is undervalued. He may be right, he may be wrong. But he didn't end up with a $20 billion net worth by being wrong a lot of the time.
     
  9. snberk103 macrumors 603

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    #9
    Actually, I think it is much more likely that Icahn's statement that he thinks the stock is worth $625 is much more likely to influence the price than anything Cook would have told him. A self-fulfilling prophecy, if you will.
     

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