9/8 My company stock is really low right now and I'd like to buy
stocks. However, I think I am subject to this "Quiet Period"
contract I signed. Does the quiet period prohibit me from buying,
selling, shorting, or all of the above? Where do I find out more
information? Thanks.
\_ Read the contract. -tom
\_ what tom said. but generally, if you are not an officer,
director, or have >= 10% of the company's shares but are a
regular employee, it is STILL insider trading if you trade
based on "material non-public information". In practice this
means squishing depends on:
- how closely your bet was to some major product announcement/
buy-out/order/etc.
- e-mail evidence of your receipt of non-public info
- magnitude and rate of stock price change
- how much money you made
- how many other people traded on the inside information
- one data point: an nvidia engineer got nailed for a $60K
profit on a trade from ~ $76 -> $118 in which the deal
announcement was made within 1 week of the buy. 14 other
nvidia employees were also charged. that was in 2000.
\_ you cant but CEO can and that is what he is doing right now
then he'll buy them back toward the end after you all sold your
stocks.. then buy them and put out good news to raise stock price
\_ According to tom CEOs don't buy stock because they are already
compensated in stock. |
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