LogFAQs > #942783154

Trading jumps like that aren't necessarily the result of insider trading. More importantly, the announcement apparently happened Tuesday and, at start of Wednesday, it was at $8/share -- not $18 prior to the announcement -- before jumping dramatically.

https://thehill.com/policy/finance/509535-kodak-shares-soar-150-percent-after-federal-government-loan-for-drug

And I imagine the fact that they had applied for a loan was public knowledge.

streamofthesky posted...

I really want to see Bernie, AOC, or someone like that in power.
Just so that all these people brazenly flaunting the law like this have a collective pants shitting moment of horror as someone is finally in charge that will aggressively go after and jail these fucking leeches, utilizing all this in plain sight evidence they've so kindly provided.

I love your childlike naivete regarding these matters. In addition to Bernie and AOC being terrible presidential candidates, neither would have the clout to convince congressmen and senators to push to hinder a system that advantages them. And insider trading is generally a tough allegation to prove. Saying, "Oh, well they invested in a stock with a climbing value before it made a major announcement!" isn't exactly hard evidence of anything.

---

(\/)(\/)|-|
There are precious few at ease / With moral ambiguities / So we act as though they don't exist.