Dude, This man is a creator, He has since created an additional company and sold it. He has mastered fear and greed. He does not beg on the doormat of companies to get hired. He creates his own reality and in the process teaches others by example ( for those willing to listen). The drones of the world who are still with that old company remember the legacy- The day when stock hit $110, The day they exersized their options at that price perhaps - Held on to that stock- because greed told them it would double/ split. Paid the AMT tax on buying and holding that stock. They have since witnessed mass layoff's - Jobs shipped to India and wonder each week if there will be another layoff - How will they pay the mortgage- how will they eat. Wishing now they had done what the original poster of this thread is contemplating, because now it's all just a memory for them and all they feel is pain. You master fear and greed- Follow your method. When you play it safe and follow someone else you are doomed.
In reality, some of these guys just didn't get detected, and could have faced serious legal issues if they did. Martha Stewart had big time problems once the spotlight was on her trading habits. The Bre-X fraudsters got away with their fraud. No one said the world was fair, but you can tell there are sociopathic tendencies from some posters here because they have absolutely no empathy for screwing others out of their money if they make a profit. Openly condoning this behavior isn't right, it's not something to be proud of ( like successfully robbing a bank, who cares if it was masterfully done it's still unethical ).
Insider trading is not like speeding 10-20 above the limit. You can delude yourself into thinking that, but society doesn't agree with you. I think most people know you aren't likely to hurt others with the minimal speeding, but the trading you hurt others every single time. Sociopaths don't care, that part is true.
I don't work in the financial services industry. I don't have any clients or know of any inside information about my company or any others.
Exactly. It's shocking how many on this thread alone would act outright illegally if they believe they could get away with it as long as money is dangling in front of them. Not surprising but shocking.
That does not make a difference. You signed an employment contract and agreed to the bylaws. If your company regulations state that you need to report company own stock trades then you should. If it states that you are not allowed to short then you should not. If it does not state anything after you have put in a reasonable effort to figure out then go ahead and short the stock. But everything else is basically asking us whether you can get away being a meth dealer.