The Shrine

Maybe they know they're being let go soon? Or they're just striking when the iron is hot?

http://www.gamespot.com/news/2005/06/17 ... 27732.html

This sounds like a serious breach of SEC protocol. Insider trading is illegal, and chief officiers are definately on the inside.

The Article wrote:Insider trades (those by a company officer, director, or owner of 10 percent or more of a class of the company's securities) must be reported to the Securities and Exchange Commission by the 10th of the month following the month of the trade. InsiderInsights.com regularly posts news of such trades.

From that, I think insider trading (as defined there) itself is not illegal. What's illegal is if those on the inside use their inside information to their benefit. So if I'm a CEO of a company and we're about to post a huge loss, if I then dump a bunch of our stock before the public knows about it, then that's illegal. But if I sell some of our stock and there's nothing major going on, then that's not illegal.

Insider trading in general is just frickin' dodgy to me - I mean, it's a tough situation - it encourages hard work for company officers to be personally vested in their organization, but then they ALWAYS have inside information that the market doesn't have, in some way, shape, or form...

I'd agree with the article, having company execs dump huge loads of stock is never a vote of confidence...

Hm.