SAC Capital Advisors indicted by a federal grand jury

http://www.cnbc.com/id/100900245

Asta la vista, baby.

 

Why not turn it into a family office? Cohen, himself is not hammered by the charges.

 

Because if you are insider trading on your own money, then you no longer have deniability and you are the one that goes to jail. But sure, if he is on the level, he sure has the means to do anything he wants.

 

Funny, some ET clowns are still defending SAC. Cohen is as rotten as they come. The "Cohen had no idea" defense is equally as dumb, I'm sure Enron execs are innocent as well - it was the accountants!

http://dealbook.nytimes.com/2013/07/19/the-things-traders-say-the-sac-edition/

 

So SAC is ~15B and 10B is Cohens - if that other 5B gets taken out of the fund some of the stocks he owns a high percentage of might get beaten down

http://www.cnbc.com/id/100900242?__source=yahoo|finance|headline|headline|story&par=yahoo&doc=100900242|SAC+Capital%27s+biggest+pos

CLW 7.4% which is ~1.6m shares - avg daily volume is 160k

 

People are trying to figure out how to ride the waves of unwinding of postions.

 

Do you think Cohen will go to jail ?

 

no. he's white and jewish.

if he were brown and sri lankan/indian....

 

Maybe that's why volume is so low these few days. Doesn't SAC do something like 10% of total NYSE volume?

 

You wonder if having SAC Capital on the work history looks bad on a resume now.
Maybe some new traders to join EliteTrader?