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

talexuser

Do you call that a warm welcome from Sarkozy? Or perhaps he's letting out a quiet one?... :rotfl:

brasso

I was up late, watching the news, but had to go to bed before news of the deal broke.

This morning, I checked the share prices at about 0930, by which time the bank shares were climbing strongly. I decided to have a punt on BARC, LLOY and RBS. The market had been open for well over an hour by the time I got in. Anyone else with a few quid to spare could have done the same.

Shares continued to rise steadily through the day, and by close of play they were well up on what I'd bought for.

I've not sold yet, and I accept that there is every chance that they will plunge again, and I may lose everything.

My point is that they were there for the taking. You could have bought and sold today and made a very decent profit. Nothing to do with insider dealing.

Regarding the investment, my plan is to hang on in there. My view (which is worth nothing to anyone else, and you must make your own decision) is that the banks may finally have turned the corner. I may well be totally wrong.

If the OP takes any interest in the markets, he/she will know that banks and other financial shares tend to be in the vanguard of stock movements after positive economic news, but equally, tend to plunge further than the average when the news is bad.

This is such an obvious and clear trend that anyone with a bit of nous and a bit of cash has been able to make money over the past 4 years.

2sides2everystory

brasso wrote: »

This is such an obvious and clear trend that anyone with a bit of nous and a bit of cash has been able to make money over the past 4 years.

Ah yes, everyone except the fund managers on behalf of our pension funds you mean ? I am sure the fund managers themselves agree with you.

guitarman001

Of COURSE insider trading is happening. It's happened before, it's happening now, and it will happen again. I'm not saying I know somebody who knows something *COUGH COUGH* but some people really need to open their eyes.

2sides2everystory

'Some people' need to open their eyes ?

I would agree with that - 'some people' need to open their eyes and wake up in prison with the key thrown away.

sorcerer

"I don't need facts."

Funniest thing ever!

2sides2everystory

I do sometimes wonder that there may be an inordinate quantity of immature inexperienced minds inhabiting the forums.

There's Terms and Conditions and there's Facts and one of course must make one's decisions based carefuly upon each of them in this life or risk failure and ridicule, right - isn't that how it goes ?

Wrong. First you learn to discern right from wrong. This used to occur in what was once called "early years" or "childhood" but I fear that for increasing numbers, it just doesn't. But, if you are lucky, it still does, and you make your way in the world armed with the ability to discern one from the other quite easily.

However, if before you have completed your childhood successfully you are recruited by successive spivvish corporate families and brainwashed then you may never learn right from wrong and indeed you may even mature into someone who believes they are wise because they know how to make money and fit the modern day idea of what passes as "success" quite nicely.

And so now we have it. Insider trading is OK, right ? Fact?

qpop

I don't need facts, but I'd make an educated guess that you've perhaps been smoking a bit too much of the funny stuff recently.

Ark_Welder

The thinking and logic on this thread seems rather insider-out to me.

2sides2everystory

qpop wrote: »

I'd make an educated guess ...

Oh right - you're the one who works in financial services but isn't so hot calculating interest ?