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417 points mkmk | 1 comments | 21 Sep 23 15:58 UTC | HN request time: 0.202s | 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?

replies(7): >>37602338 #>>37603186 #>>37604277 #>>37606267 #>>37607724 #>>37608700 #>>37608735 #

1. harisec ◴[22 Sep 23 06:52 UTC] No.37608735[source]▶

>>37602311 #

You still don't know the exact date of the potential acquisition. So you cannot make a successful trade. I would say it's not insider trading.

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Insider trade on Splunk acquisition?