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Are we today witnessing the most blatant insider trading of bank shares ever?

That's the question.

I contend that since 2007 at least, the ups and downs and levels of bank shareprices mean nothing to the banks themselves other than as insider opportunities - they are their toy.
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Comments

  • opinions4u
    opinions4u Posts: 19,411 Forumite
    While I really shouldn't feed you so easily, please explain your point.
  • plunt
    plunt Posts: 525 Forumite
    Part of the Furniture Combo Breaker
    That's the question.

    I contend that since 2007 at least, the ups and downs and levels of bank shareprices mean nothing to the banks themselves other than as insider opportunities - they are their toy.



    Please back with facts/further explanation. Also just out of curiosity did you have a short position open today....
  • qpop
    qpop Posts: 555 Forumite
    Answer: No.

    Next thread please :)
    I am an IFA, but nothing I say on this forum constitutes financial advice. Always draw your own conclusions and always do your own research.
  • 2sides2everystory
    2sides2everystory Posts: 1,744 Forumite
    edited 27 October 2011 at 3:55PM
    plunt wrote: »
    Please back with facts/further explanation. Also just out of curiosity did you have a short position open today....
    No I am not a player. I have seen enough to understand what the players look like and I am not content simply to put my finger in the air or anywhere else to feel their "wind" after the event and play for sloppy seconds. I don't need facts. I am just lending written words to what many people must be thinking.

    Simply put, there was inside information available about the eurozone bailout many hours before markets opened. The banks were in the negotiations for Chrissakes !

    On a normal day, who better to be in a position to manipulate their own shareprice than the banks themselves? I am not talking about manipulating news, I am simply talking about ability to manipulate their own shareprice. The constant flow of 24/7 "News" can then be used simply to hide the deed. Take your pick - must've been the swell of confidence in what Angela Merkel did yesterday, or it could have been the weather.

    I saw how disinterested banks were in protecting their mere 'man in the street' shareholders in early 2009.

    I formed the opinion long ago that unless it interferes with their insider plans to take a particular type of bath, some of our banks' shareprices can be as volatile as a piece of soap in the shower.

    But some of the trading volumes today suggest that the wink was tipped all over the City.
  • opinions4u
    opinions4u Posts: 19,411 Forumite
    the trading volumes today suggest that the wink was tipped all over the City
    Or simply that the remarkably low bank shareprices, depressed in part by Eurozone uncertainty, bounced a little due to an apparent level of certainty.

    If the meeting had failed the shareprices would have gone down.

    Large share transactions are public records. Can you identify any that look suspicious?
  • qpop
    qpop Posts: 555 Forumite
    I don't need facts.


    Unfortunately this statement overrides anything else you may feel you want to say.

    But remember, you aren't paranoid, they really are out to get you.



    Opinions4u - The trolls are well-fed this week, no need to make them fatter.
    I am an IFA, but nothing I say on this forum constitutes financial advice. Always draw your own conclusions and always do your own research.
  • Ark_Welder
    Ark_Welder Posts: 1,878 Forumite
    I don't need facts.

    You only need fictions
    Living for tomorrow might mean that you survive the day after.
    It is always different this time. The only thing that is the same is the outcome.
    Portfolios are like personalities - one that is balanced is usually preferable.



  • Ark_Welder
    Ark_Welder Posts: 1,878 Forumite
    The super-conected orb of dots is pretty.
    Living for tomorrow might mean that you survive the day after.
    It is always different this time. The only thing that is the same is the outcome.
    Portfolios are like personalities - one that is balanced is usually preferable.



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