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417 points mkmk | 1 comments | 21 Sep 23 15:58 UTC | HN request time: 0.206s | source

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powera ◴[21 Sep 23 17:17 UTC] No.37600798[source]▶

If everyone looks at a trade like this as prima facie evidence of insider trading, why are these options even for sale?

It is like a casino, except if you win the jackpot you get arrested. Because we run our economy under the law that requires stock prices to be set by ignorant people.

replies(4): >>37600861 #>>37600904 #>>37601108 #>>37601516 #

1. FredPret ◴[21 Sep 23 17:25 UTC] No.37600904[source]▶

>>37600798 #

The law requires not ignorant people, but equally ignorant people. This extremely well-timed trade is just an indication that the trader may not be equally as ignorant as the rest of us.

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Insider trade on Splunk acquisition?