This is how you manipulate – he bought $1B in stocks – announced the purchase after the fact – market spikes – his holdings likely jumped by $20B – he can easily unload few billions of shares quietly and then announce that he has done so after unloading – which will crash the stock leaving common man as bag holder.
SEC reporting rules for insider transactions needs to be changed.
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This is how you manipulate – he bought $1B in stocks – announced the purchase after the fact – market spikes – his holdings likely jumped by $20B – he can easily unload few billions of shares quietly and then announce that he has done so after unloading – which will crash the stock leaving common man as bag holder.
SEC reporting rules for insider transactions needs to be changed.
Ahh. I was wondering. The jump was nonsense.