Australian (ASX) Stock Market Forum

Examples of insider trading

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17 September 2004
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Just out of interest, I thought I'd start a thread on insider trading. I am hoping for concrete examples, not just rampant speculation.

To start the ball rolling, have a look at the volume and price action of EXR towards the end of june. On the day of the massive drop, it was announced that an oil well was a duster. However, it looks like the market was partially informed before this.

Another example was BGF before announcing a doubling of gold reserves. This leaked so badly that the SP actually decreased after the announcement as all the speculators tried to sell the fact (actually that worked out damm well for me as I loaded up on the options LOL).
 

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Re: Examples of insider trading.

For examples of insider trading, you only need look as far as your nearest Perth based miner. I'll post some examples here in the following posts.

Start off with AZR (see attached).
 

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Re: Examples of insider trading.

Another example... RTM.
 

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Re: Examples of insider trading.

LEG...stretched its legs
 

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Re: Examples of insider trading.

I managed to cut a slice off that one...thought I was in for another slice end of last week, but last 4 days is not promising... :swear:
 

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Re: Examples of insider trading.

Not quite in the spirit of this thread but FSL did it well... announced their uranium move...and managed to do a cross trade right on the open bell @ 2cents..for 20,000,000 shares...same day shares closed @8c..next day @17c!!!!! I notice a director got 1,000,000 of them, and a broker who worked with them on the RFS blue got over 8,600,000 (cost him about$170,000). He has managed to sell a touch over 2,000,000 for $370,000 within 2 days. :rolleyes: I wonder where the other 10,000,000 went?
 

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Re: Examples of insider trading.

And another one in the West :D ... BDI
Was amused to see that KIM (holds over 50% of BDI ) got the speeding ticket.. :D
 

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Re: Examples of insider trading.

Anyone researched moves in bulk after a speeding ticket issued?
Where can you get a list daily?
I'd be particularly interested in buying activity from directors prior to the ticket.Or major holder.
 
Re: Examples of insider trading.

What exactly is a speeding ticket? Shows how much of a noobie I am; but nothing asked nothing learned!
 
Re: Examples of insider trading.

When ain increase in share price is queried by the ASX, thats a speeding ticket.
 
Re: Examples of insider trading.

It attracts bottom-pickers like hyenas to a carcass :D
 
Re: Examples of insider trading.

Bottom picking is socially un acceptable.
I personally like nice rounded tops.
Its an emerging trend I believe.
 
Re: Examples of insider trading.

RRS is a classic.

It pumps just b4 annoucements, then dumps straight after.

So much insider trading on this stock it is just unbelievable.

Good day-trade stock, just don't get caught in the down draft
 
Re: Examples of insider trading.

Well I really cant believe that "Insider" trading is the cause of these fast rises and sharp declines.

Inside trading is a jailable offence and if its as wide spread as your indicating---on a daily basis and even you all can see it as plain as day--then ASIC (Who I agree are toothless)--are totally inept!!

You guys are way way better qualified and equiped to track these offenders down.

How un lucky was RIVKIN??
How did the bumbling idiots ASIC find RIVKIN---hell it happens every day!

This would be headline news---why isnt it?
 
Re: Examples of insider trading.

You have to be careful that the price movement before the big announcement is not just speculators moving in or out just before an announcement is due. More often than not the announcement is well and truely expected to occur around a certain date as companies keep everyone informed. eg quarterly and annual statements all include current work in progress and anticipated dates when results are expected.
 
Re: Examples of insider trading.

kaveman said:
You have to be careful that the price movement before the big announcement is not just speculators moving in or out just before an announcement is due. More often than not the announcement is well and truely expected to occur around a certain date as companies keep everyone informed. eg quarterly and annual statements all include current work in progress and anticipated dates when results are expected.

Hedge funds!
 
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