Dow Jones insider trading
Posted: Tue May 08, 2007 11:12 pm
LINK
They purchased 100's of thousands of shares of Dow Jones within 2 weeks before Rupert Murdoch's offer to purchase the company was made public. After the news was released the stock rallied over 50% and they made hella.
Moral of the story: don't buy tons of shares ever, because if coincidentally the stock rises due to unknown circumstances you'll get hammered by the SEC.
They purchased 100's of thousands of shares of Dow Jones within 2 weeks before Rupert Murdoch's offer to purchase the company was made public. After the news was released the stock rallied over 50% and they made hella.
Moral of the story: don't buy tons of shares ever, because if coincidentally the stock rises due to unknown circumstances you'll get hammered by the SEC.