SI
SI
discoversearch

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.
Technology Stocks : Western Digital (WDC) -- Ignore unavailable to you. Want to Upgrade?


To: CalculatedRisk who wrote (8902)3/11/1998 10:14:00 PM
From: BIGSTUDLY  Read Replies (1) | Respond to of 11057
 
Hey Guys,
I'm still kinda new to this investing game, but the way I understand
it is it's sorta illegal to buy or sell stocks based on information
received from a companies management, right? That is, unless that
information is available to the general public. Don't they call
that insider trading?



To: CalculatedRisk who wrote (8902)3/12/1998 7:18:00 AM
From: steve goldman  Respond to of 11057
 
Calculated, I went back and looked at your post and yes, infact, you stated two things: 1.) You had an employee freind at WDC who was telling you things re: rampant rumors, **not actual known fact, and 2.) You have a another freind is a top exec who you stated did not tell you this. Perhaps I misread it, but it is also difficult to tell when someone is being slight (sleight?), which is what I thought you were doing which is why I trying to clarify that which you said. If I misunderstood, I do infact apologize. If anyone on here follows the thread I host on SI Subject 15612, you will know I dont always have time to read each and every message, and I do not know of your previous statements of relationships with WDC personnel. Subject 15612

As anyone reading this thread knows, I like this stock and feel that it could be a reasonable takeover target given its discount to revenues, strong management and efficient operations. I know noone at WDC and was only pointing out the strong, very strong action in the stock yesterday, the incredible option actions in the March and APril calls (which then later hit the news because of their action) and was indicating that such strength in the stock, the size of prints and size of option is generally associated with larger players getting involved....it might corroborate a takeover rumor.

Clearly trading on insider information is illegal and if anyone has such information and trades upon it, they should be held accountable. I dont recall the name ofthe poster, but to address their issue, what we are discussing here are the current rumors, their possible legitimacy, the sources of the rumors and potential for coming to fruition. Making money on the rumor of a buyout is not illegal. Making money on insider information is illegal.

Regards,
Steve@yamner.com