MrB and all: conspiratorial musings===>get this...
Day one: AMEX stock, WTT, drops from 12 to 10.
Day two: AMEX stock, WTT, drops from 10 to 9
Day two, after AMEX market closes: press release from WTT.
Given the above scenario, which transpired during the past two days, I must conclude that I'm either extremely naive, or that something conspiratorial (or shall we say "wrong"/illegal ) happened. Or possibly all of the above.
A stock drops from 12 to 9 on nonpublic information. To me that appears to be insider trading. Who is it that moves the market that much, two trading days prior to a public press release by the company?
Who? I mean, which individuals? Who are they? Where are they? Where and when did they place their sell orders? What did they know, and from where did they get their information? How large were their orders? What was the timing of their orders?
I'm not talking about an abstraction here. I'd like to know precisely who moved WTT's stock price, and upon what basis. Surely that is something that can be determined by someone, somewhere.
I just don't get it. I'm considering writing an inquiry letter to the SEC. Before I do, any insights on this would be appreciated. Perhaps there is something I'm missing.
Ice |
