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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: 0.204s | 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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1. user3939382 ◴[21 Sep 23 19:47 UTC] No.37603186[source]▶
If I may comment on this issue in the abstract: don't count on technicalities to get you out of legal trouble. Those are fine if you're very wealthy and have money for the types of lawyers and appeals that can use them. For everyone else, you don't want to be so close to the line that you end up losing because the judge doesn't like your face and woke up on the wrong side of the bed.