I'm confused. Why shouldn't he sell his stock? It's HIS stock, right? Or are you alleging some sort of insider trading? I don't really get what I'm supposed to be outraged about here.
Yes insider trading is the point, one rarely knows when to sell 800k+ stock shares to gain 12 million dollars without foreknowledge. Especially when moments later the stock drops again.
Some quick math based on the numbers you posted shows he sold his shares for an average of about $14.57 each, which is less than the $14.72 figure the stock was trading at when the article was published. I'm no expert, but that doesn't seem suspicious to me. Is the allegation that he influenced UBS to give a false report? Is it that he had foreknowledge of the report and acted before the announcement was made? What are the specific allegations being made? Walk me through specifically what you think he did and how it would have given him an unfair trading advantage, and assume I know nothing about trading stocks since that's pretty close to true.
Rollback Post to RevisionRollBack
...and if you disagree with me, you're probably <insert random ad hominem attack here>.
I'm confused. Why shouldn't he sell his stock? It's HIS stock, right? Or are you alleging some sort of insider trading? I don't really get what I'm supposed to be outraged about here.
Rollback Post to RevisionRollBack
...and if you disagree with me, you're probably <insert random ad hominem attack here>.
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Some quick math based on the numbers you posted shows he sold his shares for an average of about $14.57 each, which is less than the $14.72 figure the stock was trading at when the article was published. I'm no expert, but that doesn't seem suspicious to me. Is the allegation that he influenced UBS to give a false report? Is it that he had foreknowledge of the report and acted before the announcement was made? What are the specific allegations being made? Walk me through specifically what you think he did and how it would have given him an unfair trading advantage, and assume I know nothing about trading stocks since that's pretty close to true.