What strikes me about M&A tip rings is the risk/reward math. The people accepting tips get limited upside — edge on a single trade — but career-ending felony exposure as the downside.
The SEC's EDGAR makes an enormous amount of material information freely available: 10-Ks, 8-Ks, proxy statements, insider ownership filings. Investors who systematically work through that public record can build durable informational advantages. The MNPI game is a strictly worse deal on expected value.
What strikes me about M&A tip rings is the risk/reward math. The people accepting tips get limited upside — edge on a single trade — but career-ending felony exposure as the downside.
The SEC's EDGAR makes an enormous amount of material information freely available: 10-Ks, 8-Ks, proxy statements, insider ownership filings. Investors who systematically work through that public record can build durable informational advantages. The MNPI game is a strictly worse deal on expected value.
https://archive.ph/BLTyH
It's never too late to donate to DJT.
I think that this obvious insider trading was made by pawns, and the king is hidden somewhere