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Insider trade on Splunk acquisition?

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417 points mkmk | 1 comments | 21 Sep 23 15:58 UTC | HN request time: 0.273s | source
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sakex ◴[21 Sep 23 18:57 UTC] No.37602311[source]▶
Let's say you live in front of the Splunk office, and you see tens of people in suits, a limo with a CISCO sticker, as well as a lot of commotion on the office in front of you. You strongly suspect something is happening, you buy $22k of Splunk calls.

Is that insider trading?

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ar_lan ◴[21 Sep 23 18:58 UTC] No.37602338[source]▶
Disclaimer: not financial advice

I don't think so, it happened publicly, you weren't privvy to classified details. I would go for it if I were in that scenario.

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sakex ◴[21 Sep 23 19:09 UTC] No.37602538[source]▶
If it's legal, it means that somebody could write a model that could predict mergers pretty accurately and make a lot of money. For instance, by tracking flight patterns of C-suites executives, scanning car brands in parkings next to offices using satellite images, and analysing working hours of the staff (this can be done in multiple ways like sending e-mails to check of automated OOO responses or analysing the light coming out of the building from satellite images.)
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1. JumpCrisscross ◴[21 Sep 23 19:16 UTC] No.37602651[source]▶
> by tracking flight patterns of C-suites executives, scanning car brands in parkings next to offices using satellite images

This was old enough to be the stuff of office legends fifteen years ago. (Also, flying drones to thermally image petroleum tankers to infer their levels.)