Nah... that is the beauty of working with somebody else's money ;-) Why do morons do the things they do ? The possibilities are infinite !
On Nov 06 07:42 AM Mark Anthony wrote:
> Karl: > > So exactly what "insider" information they traded on? Do these guys > have some "insider" knowledge about the US dollar that the rest of > us do not know? > > If it was a company stock, some one may have known some insider knowledge > of the company that is not publicly known. > > But this UUP is merely a US dollar bullish ETF fund. There can not > be any insider information you can leverage. You bet a US dollar > bull you buy it, you bet a US dollar bear you sell it. > > The only plausible "insider" information I could even think of, and > as you suggested, is that some one know they will need regulatory > filing to issue new shares. But isn't it public knowledge that they > are approaching the allowed number of shares as per the prospectus, > and hence they will have to register more shares? Any one who cares > to do a little bit due diligence would have known it before hand. > There is nothing secret here. > > It does seem a bit weird that UUP and UDN was not trading against > each other yesterday, as they usuaully SHOULD.
This is not a catastrophe, not such a terrible crisis. A crisis of the fat boys on Wall Street, may be. Look at the difference between SPY and IWM. Never mind TGT. Should tell you a lot. Let the bums pay for their mistakes, hopefully investors will keep management on a shorter leash.
Sarah Palin: Wall Street's Candidate [View article]
Wall Street's Candidate ;-) If this snippet ever gets out, it will probably damn her vice presidential chances ! Nothing wrong with it in principle, but it would almost behoove the O'Bama campaign to use it as negative sound bite.
Insider Trading on UUP Options? [View article]
On Nov 06 07:42 AM Mark Anthony wrote:
> Karl:
>
> So exactly what "insider" information they traded on? Do these guys
> have some "insider" knowledge about the US dollar that the rest of
> us do not know?
>
> If it was a company stock, some one may have known some insider knowledge
> of the company that is not publicly known.
>
> But this UUP is merely a US dollar bullish ETF fund. There can not
> be any insider information you can leverage. You bet a US dollar
> bull you buy it, you bet a US dollar bear you sell it.
>
> The only plausible "insider" information I could even think of, and
> as you suggested, is that some one know they will need regulatory
> filing to issue new shares. But isn't it public knowledge that they
> are approaching the allowed number of shares as per the prospectus,
> and hence they will have to register more shares? Any one who cares
> to do a little bit due diligence would have known it before hand.
> There is nothing secret here.
>
> It does seem a bit weird that UUP and UDN was not trading against
> each other yesterday, as they usuaully SHOULD.
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