Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (83419)	9/2/2000 10:30:03 AM
From: Tommaso	Read Replies (1) \| Respond to of 132070

The definition of "crime" gets really murky in securities trading. I once studied out a very undervalued situation and mentioned the name of the company on a social occasion to someone involved in a big way with mergers and acquisitions. This person said, "That's a hell of a call." I did buy it and made 40% in a few weeks when it was acquired. Of course my investment was so small that no one would have noticed, but I always wondered if this could be deemed insider trading by a hostile party, even though I had done my own research. On the other hand, it seems to be perfectly legal for a market-maker for an OTC BB stock to sit there with bids and asks over a 40% spread and ignore anything in the middle, only meeting anything that comes in at the bid or ask. Legalized scalping, using inside information (all outstanding bids and asks that no one else can see).