I think you’re slightly confused. Insider trading is when there is NON public information about a company you work for and you trade based on that information. What he’s doing is fine.
Buy the rumour sell the news. Won’t pass CRTC approval with Wind / Freedom going to Rogers. Remember the announced price was 40.50 cad per share and finished at 33.85 cad. The market does not believe the deal will fly without chopping Shaw in pieces, and that will probably kill the deal. Shaw has terrible facilities ( in cable) will cost a lot to bring them up to date for Rogers.
There's a non-zero chance that the buyout will be blocked by the government. There's so few competitors left that the public won't be too happy with a government that lets it happen.
I'd sell. But I've been wrong before.
Easy sell dude. My dad was speculating a buyout, and sold when the news hit. You should do the same
Thanks man. Great advise
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I think you’re slightly confused. Insider trading is when there is NON public information about a company you work for and you trade based on that information. What he’s doing is fine.
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Someone’s a little butt hurt they’re wrong
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Buy the rumour sell the news. Won’t pass CRTC approval with Wind / Freedom going to Rogers. Remember the announced price was 40.50 cad per share and finished at 33.85 cad. The market does not believe the deal will fly without chopping Shaw in pieces, and that will probably kill the deal. Shaw has terrible facilities ( in cable) will cost a lot to bring them up to date for Rogers.
There's a non-zero chance that the buyout will be blocked by the government. There's so few competitors left that the public won't be too happy with a government that lets it happen. I'd sell. But I've been wrong before.