RE: Just a thought20 Jun 2020 14:13
It’s a theory but it’s not correct, in my humble opinion. Two main points.
1) Every company has open periods where directors can buy and sell shares, these tend to be 4 weeks from when an update has been given - ie. 6 monthly results, annual report..
2) The legality of insider trading isn’t a scale, it’s binary. If you made £1 profit by trading on inside information then you Committed a criminal act. There isn’t a concept of ‘its only a bit illegal’.. The punishment in fines and jail term may take into account the amount of the gain made (it would probably be based on the subsequent loss that someone else made) - being prosecuted for insider trading would preclude you from running a public company, it may also preclude you from holding any position within financial services as you would fail fca screening checks.
Good we have positivity here, although would be better if it was informed positivity. I’m long on the stock and hope it goes well, however, anyone investing here needs to ensure they don’t listen to the BS on these threads.
In my opinion, this share price will either implode or multiply by a significant factor. I’m hoping for the latter but it is a gamble and people need to go in eyes wide open.
As Abraham Lincoln said, “Just because it’s on the internet, doesn’t mean it’s true”. I include everything I write, it’s merely an opinion and I could of course be very wrong.
Have a good weekend all.