TigerSoft - www.tigersoft.com 12/26/2007
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A NEW WAVE OF INSIDER TRADING.
ONXX: An Example Of Insider Trading
See www.tigersoft.com for seeing how to trade profitably in an age of rampant insider trading.
A NEW WAVE OF INSIDER TRADING.
"Some high-profile professionals -- lawyers, investment bankers and traders -- have admitted
or are accused of scheming to grab illegal profits. A spike in takeover bids is driving the trend...
In the past three months, the Securities and Exchange Commission has filed more than half a
dozen cases that charge professionals at top brokerage houses, hedge funds and even some top
accounting firms with insider-trading plots. The schemes could have earned more than $35 million.
The chislers were caught because their moves were "outlandishly dumb".
(1) "A vice president at Morgan Stanley used her mother's brokerage account to buy companies targeted for
acquisition before the deals were announced."
(2) "A Hong Kong couple increased the size of their brokerage account 25-fold -- and made two wire
transfers totaling $6.9 million -- just before making a massive illegal trade."
(3) "An investment banker made calls to Pakistan from his office phone to place trades driven
by inside information."
The spike in mergers has presented more opportunities for the greedy. And greed seems to have
gone to their heads, making them imprudent. But there are other cases. For example, "in 2001, an employee
of UBS Securities was said to be wondering how he would settle a $25,000 personal loan from a friend. Then,
the SEC says, he came up with a bright idea: Why not pay it off in stock tips? After all, as a manager in the
equity-research department at UBS, he knew about upcoming changes in stock recommendations by UBS
analysts before they became public. So, according to the SEC, he hatched the plan with his creditor-friend, and
they agreed to split after-tax profits.
arrangement went on for years, the SEC says, as the two exchanged coded text messages on
A fox, a henhouse and a bust
"A Morgan Stanley compliance lawyer in charge of preventing leaks was allegedly profiting from them.
2004 and 2005, the attorney gave undisclosed takeover news to her husband, who passed it
a family-run operation, a father and three sons set up a hedge fund to trade on illegal
obtained insider information from their father, who had a senior management position at Taro Pharmaceutical
the past year, says the SEC, an investment banker working on mergers and acquisitions for
the most recent case, he allegedly called the Pakistani banker at least five times from
his office phone in February
the past two years, a Morgan Stanley vice president in New York reportedly used online
two may have thought they were covering their tracks by using accounts of a Chinese
resident. But the
the two weeks leading up to the May 1 announcement by News Corp. that it wanted to buy Dow
It's So Easy To Spot Insider Buying if You Use TigerSoft
Here is Case on ONYX in 2007
In this instance, as in many, there is public news. Insiders immediately buy in that news.
The trick here was to buy with them or soon afterward, because though though the stock doubled
in two days to 25, it went steadily much higher. Tiger tracks readily these stocks. It flags their
occurrence and puts automatic Buys and Sells on the screen.
You can use Yahoo to read the news on a stock after you se the Tiger Buys.
Here is the story behind the rally.