<br>
<br>
<p>I’m supposed to take my company’s insider trading course soon. I’d bet that they say don’t do this.</p>
<p>Insider trading for us means trading our stock based on information that is not available to the public. The public is aware of a reduction in our backlog.</p>
<p>I’ve worked at companies that forbid employees to trade in anything where you profit if the stock price goes down.</p>
<p>Although I’m not sure how they can find out…</p>
<p>I would never trade our stock in that manner because it has been a highly sucessful company only an idiot would bet against the company. That being said, trading other companies based on public information on your company is not insider trading under any definition.</p>
<p>So doct…what happened to you during the tech crash? You alluded to some losses…</p>
<p>You did not see the tech crash coming?</p>
<p>parent1986 - agreed! There is SO much bad info. here. It’s frightening really…</p>
<p>Really…like what? Come on ldavis…be specific…</p>
<p>"So doct…what happened to you during the tech crash? You alluded to some losses…</p>
<p>You did not see the tech crash coming? "</p>
<p>I saw it coming and called the top in the Nasdaq. Unfortunately, I didn’t realize the extent of it and kept buying and selling on the way down. I also held msft and csco at the peak and all the way down. I did alright in a few names such as intc and aol both of which I sold out of. Also my company’s stock recovered quickly.</p>
<p>Catching a falling safe…</p>
<p>Somebody drops a safe from the 100th floor of a high rise…</p>
<p>You catch it on the 5th floor…</p>
<p>You are still crushed when the safe hits the ground.</p>
<p>I have had a few of those catching falling safe trades…</p>
<p>So many companies are blowing by their estimates makes me think the so- called 'number" provided by analysts are too low…And while i am at it, this whole game of beating their number is ridiculous…i had friends work at GE when JW was at the helm, and when he had a shortage in making the number, he would call GE Capital, and they would find some room in their side of finances to help Jack make GE’s number…what a crock</p>
<p>Yeah…</p>
<p>The earnings estimate game…</p>
<p>I agree with you qdogpa.</p>
<p>I think another crock is the giving out stock options and then the company buys back the stock…</p>
<p>So the shareholders don’t get the earnings…the money made from operations is spent buying back the stock so the company doesn’t keep diluting itself.</p>
<p>Those at the top of a company’s food chain get the money…the shareholders get squat.</p>
<p>Or you cold take personal loans like the CEO of Chesapeake Energy did from the company ,stock has been getting hammered</p>
<p>In many tech companies the rank and file get stock options too and that is a motivating factor. Employees can also take lower salaries in exchange for stock options. There are a lot of tech companies that have done well in earnings and stock price that give out options to management and the employees.</p>
<br>
<br>
<p>It isn’t insider trading but our insider trading course recommends against doing this. It also recommends against shorting and using put options. I generally don’t trade the stock of our main competitors. I have some of my own company stock from ESPP but I have lately avoided trading it. Fortunately there are a ton of other stocks out there that and I have some better than average knowledge about those industries.</p>
<p>Yeah qdogpa…</p>
<p>The CEO of Chesapeake had margin calls in 2008 and now these loans…</p>
<p>If pro athletes and celebrities were stocks, i would short the $&/t out of them…Warren Sapp now files for bankruptcy</p>
<p>Sapp estimates he grossed about $60 million during his playing days, primarily with the Tampa Bay Buccaneers, and now he’s reduced to not much. It’s a little hard to believe one failed investment project, building homes in Fort Pierce, Fla., broke him. But that’s what Sapp explains.</p>
<p>parent1986 and ldavis,
i am still waiting for you to point out and correct the bad information on this thread. Please share so as to help those who are being misinformed…</p>
<p>:)…</p>
<p>
</p>
<p>This is very good news. Sapp is one of the biggest jerks in football. Why the NFL network would put him on their shows is beyond me. He can’t speak English. He is stupid. I still remember the time he blindsided that Greenbay packer player and put him in the hospital. The hit was supposedly legal but was very far away from the ball. Sapp saw an opportunity to injure another player and did so. I hope one day he ends up having to work at some menial job where he belongs.</p>