Who Knew About RIMM? (Insider Trading) in [Market-Ticker]

Posted 2012-05-29 16:55
by Karl Denninger
in Corruption

Who Knew About RIMM? (Insider Trading)

This is rather blatant....

Gee, look at all those options.... especially all those ones expiring Friday....

Where are the damned

Let me guess -- the SEC folks are all busy jacking off to their Internet porn again?

Discussion below (registration required to post)

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User Info	Who Knew About RIMM? (Insider Trading) in forum [Market-Ticker]
Goldmanssack Posts: 1080 Incept: 2009-07-08 There is no pain, you are receding	SEC Theme Song: ---------- "But like every one of the superstates that preceded it, it has one iron rule: logic is an enemy and truth is a menace" - The Obsolete Man, Twilight Zone 2012-05-29 17:06:31 Permalink
Steelhead23 Posts: 2043 Incept: 2008-09-09 Portland OR	Insider trading? Gee Karl, are you an insider? You have been predicting a collapse at RIMM for weeks if not months, so I assumed you were shorting them. Perhaps someone else, someone large, shares your view - or reads the Ticker. If Facebook bought RIMM (which is losing money) do you think that would improve their shareholder approval rating? ---------- "Give me control of a nation's money and I care not who makes it's laws" ~~Mayer Amschel Bauer Rothschild~~ Benjamin Bernanke For-profit commercial banks are a menace and should be eradicated 2012-05-29 17:18:25 Permalink
Genesis Posts: 130787 Incept: 2007-06-26	Yeah, when you bet on the collapse NOW in share price, that's almost always insider trading. Big difference between shorting the stock and buying a PUT that expires in three days. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2012-05-29 17:19:12 Permalink
Gweedo Posts: 100 Incept: 2010-11-12 Florida	Maybe JPMorgan and RBS took their review information and did something with it... They have got a couple billion in bad bets to make up for, right? Last modified: 2012-05-29 19:00:17 by gweedo 2012-05-29 18:51:11 Permalink
Smacktle Posts: 1362 Incept: 2009-01-20 Texas	Was it a RIMM job?! ---------- The faults of the burglar are the qualities of the financier. - George Bernard Shaw 2012-05-29 18:58:50 Permalink
Ignorantsavage Posts: 702 Incept: 2007-11-27 united States	What am I missing: I see no expiration date of June 1st listed in the first image for this post, and thus don't see any PUT options expiring within three days. I do see what looks like a date in the Option Code, but the "exp" (expiration?) listed is still "JUN 12". Further, two of the yellow-highlighted items, presumably the items of interest, don't seem to have matched the activity on RIMM (-54%, -22%). Are those supposed to be bets on future declines that have yet to be determined yet? If so, this could still just be a lottery ticket by someone yes? -edit Doh, thanks, I see it now - zooming in a little makes it obvious that the "JUN 12" is actually "JUN1 12". So, fishy activity with a large bet placed on a collapse within three days on RIMM. Last modified: 2012-05-29 20:02:45 by ignorantsavage 2012-05-29 19:56:31 Permalink
Genesis Posts: 130787 Incept: 2007-06-26	Jun 1 12 (3) = June 1st, 2012, 3 days remaining. ---------- I don't care* if it makes sense -- only if it makes money. -- Me* Bank (n): See scam, fraud and theft. *Eat a bankster -- they're low-carb.* *What part of "shall not be infringed" was unclear?* 2012-05-29 19:57:28 Permalink
Maybe-not Posts: 76 Incept: 2011-04-26	Hate to say it, but this is by design, apple and android allow easy access to your info by .gov. Google walet anyone? Soon cash will be illegal. I promise. Watch capital controls in Europe take shape. Rimm is dead because tptb said so. Hard for me to say what I just said. Not sure I believe it myself. But, what other reason is there for a company to destroy itself? It's not just individual info, but corporate as well. Not to mention the huge insider wealth that will be made by insiders. Who is John Gult? It's over, downhill from here, how long before the boom generation figures it out? My guess, when it's too late. 2012-05-30 00:14:16 Permalink
Bailout-funder Posts: 1019 Incept: 2008-10-17 SF Bay Area, CA	Ignoratnsavage, it is actually displayed like this "Jun1 12". So, the "Juj" & the "1" are very close together, which explains your errant reading of "Jun 12". ---------- "As we have now seen, one little lie, repeated often enough, becomes one gigantic mess." "Someone clearly got the best government money can buy, but it certainly wasnt us." --Karl Denninger 2012-05-30 03:02:29 Permalink
Eighty6thebs Posts: 4183 Incept: 2007-06-26 It's contained to sub-prime!	"predicting a collapse at RIMM for weeks if not months" or years in some cases. ---------- "Sounds to me like you guys a couple of bookies" - Billy Ray Valentine "No I am not scared, and neither should you be!" - Iraqi Information Minister 2012-05-30 07:41:25 Permalink
Rjazz117 Posts: 17801 Incept: 2007-09-11 Online	People have been predicting The Collapse of RIMM, because RIMM has been looking like a giant fail for weeks, if not months...or years. ---------- To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical. Thomas Jefferson 2012-05-30 08:09:20 Permalink
Antone Posts: 7687 Incept: 2008-02-03 Seditionia, USSA	RIMM's fate was sealed the second the iPhone was released. ---------- As if anything has changed: Wir sind gefickt. 2012-05-30 08:32:03 Permalink
Eighty6thebs Posts: 4183 Incept: 2007-06-26 It's contained to sub-prime!	I'd argue it was the second MS Exchange supported email sync for free. ---------- "Sounds to me like you guys a couple of bookies" - Billy Ray Valentine "No I am not scared, and neither should you be!" - Iraqi Information Minister 2012-05-30 08:48:29 Permalink
Ignorantsavage Posts: 702 Incept: 2007-11-27 united States	So, how did this play out? I'm having a hard time trying to extract data from the first image in this post - what is signified by the "%Cha..." column? If that was the bet on the movement of price of RIMM stock, it was a big miss by the guy buying the shorts. OTOH, if the "Net C..." column indicates that the bet was for RIMM to drop by as much as 28 cents, this was a big win for someone. The big drop during the applicable time period seems to be on the morning of May 30 with a price of ~10.14, down from the prior day's close of 11.23. 2012-06-12 18:05:48 Permalink