Posts Tagged: insider trading

 

NF-ICON-ASRThe Hunch is not a logical trading decision, but purely a gut feeling. As I read this chapter it seemed to me that Larry’s discussion with his friend would be the internal thoughts and battles one would be having as they tried to understand why they were compelled to follow the Hunch; should they stick with it etc… The counter-intuitive judgement? Or it may idea be the Creative Mind at work, subconsciously assembling all the gathered information until – the Hunch forms. Once the Hunch proved itself correct, Larry did the only thing he could do – add to the position. His strategy here is in complete accordance with Phantom of The Pits – Rule #2.

The second theme centered on the perils of acting on someone else’s market tip – even if the are in a position to get inside information. This is a reoccurring example of having to have faith in your own judgment and trading.The correctness of the tip is less important than the process of gathering the information needed to form a certain opinion as to the market direction.

The different processes used to make money leave different echo’s on your psychological perspective – which can alter your judgment. This painful experience, Larry says, completed his education as a trader. I found this to be a very heavy statement.It was not just learning to follow his own assessment, rather than following the tips of others, but that he gained the confidence in himself necessary to entirely shake off his old way of trading.- Reminiscence of a Stock Operator

MONDAY-1st August

Last Close :7785.70

NF-2807

Above is Daily Chart of Nifty Future

On Friday ,We had Boldly written to Watch 7841 level.Above this level only will show power.

Made High of  7832.80 & crashed. (On Thursday it kissed 7841 & Crashed )

Our Down Targets were :7741-7735 (It kissed low of 7751 & taken U-turn )

now what to do

7746 is 7DEMA -Crucial Support level.

No need to change levels @ all

7741-7717101% 7717 is Last & Crucial Support.If Breaks with volumes and stays below for 20 minutes or more then ??

Or If closes below this level then ?

Yes ,Will Update more to our Subscribers

horsejump

Hurdle if not breaks low of (Friday )…………..Then will face Hurdle at 7795-7800

Crossover will take to 7822 level 

LAXMAN REKHA @ 7841.Crossover with volumes will create unexpected buying.

Rising Trendline ,Now Hurdle at 7878

More Details ,Intraday levels to our Subscribers

Updated at 7:20/28th July/Baroda

 

Rengan Rajaratnam, brother of the convicted co-founder of Galleon Group, the $8bn hedge fund, was on Tuesday acquitted of a charge that he conspired with him as part of a vast insider trading scheme.

The acquittal is the first loss by the US attorney’s office in Manhattan after an unprecedented run of 80 straight convictions of individuals for insider trading since Preet Bharara took over as US attorney in the summer of 2009.

After just a few hours of deliberations, a jury in New York found Mr Rajaratnam not guilty on one count of conspiracy to commit securities fraud. The judge overseeing the trial last week threw out two charges of securities fraud. Before the trial the government had eliminated other charges.

After the verdict Mr Rajaratnam hugged his three attorneys. Judge Naomi Buchwald noted that he would be out of court in time to watch Brazil play Germany in a semi-final World Cup game. Mr Rajaratnam was living in Brazil when prosecutors announced the criminal charges against him last year. >> Read More

 

mukesh4As fate of an alleged seven-year-old insider trading case continues to hang in balance, Reliance Industries says it was issued ‘show-cause notices’ by Sebi on three issues and the reply has been submitted for the same to the markets regulator. 

The case, where RIL has been accused of making unlawful gains through alleged violation of insider trading norms, has been before the Securities Appelate Tribubal for a long time. 

RIL had approached SAT after Sebi refused to settle the case through its ‘consent settlement mechanism’, while norms were also tightened for such settlements in May 2012, while excluding insider trading cases from their ambit. 

The SAT, which hears appeals against decisions of the Securities and Exchange Board of India (Sebi), last month sought more clarity on the issues related to RIL’s appeal as also on the mechanism at Sebi for deciding on consent pleas.  >> Read More

Hurdle to Sun-Ranbaxy merger

30 April 2014 - 6:53 am
 

The merger of Ranbaxy Laboratories with Sun Pharmaceuticals Industries has received a setback with the Andhra Pradesh high court asking both the BSE and the NSE to withhold their approval for the proposal as it hears a petition alleging insider trading in the Ranbaxy scrip.

The high court has issued orders to the stock exchanges to maintain interim status quo on the matter. It has also issued notices to the Securities and Exchange Board of India, the BSE, the NSE, Sun Pharma, Ranbaxy, Daiichi Sankyo and Silver Street Developers — a limited liability partnership firm having two Sun Pharma subsidiaries as partners.

“There shall be interim status quo, as prayed for,” Justice P. Naveen Rao said in his order.

This followed a writ petition filed by some individual investors alleging heavy trading in the Ranbaxy stock before the merger with Sun Pharma was announced on April 6. >> Read More

 

INSIDER TRADING

 

Who was Knowing this NEWS ???

In Last 3 sessions from 367 to 467 level…………………………….(And now News is out )

2ND-APRIL

RANBAXY-BLASTED

 

 

Technically Yours/ASR TEAM/BARODA

Updated at 5:45/07th April/Baroda

 

And so the most lucrative insider trading case in history has just resulted in a criminal conviction.

  • EX-SAC FUND MANAGER MARTOMA FOUND GUILTY OF INSIDER TRADING
  • MARTOMA CHARGED IN MOST LUCRATIVE INSIDER SCAM IN U.S. HISTORY
  • EX-SAC FUND MANAGER MARTOMA FOUND GUILTY ON ALL CHARGES
  • MARTOMA ACCUSED OF ILLEGAL TRADES TIED TO ALZHEIMER’S DRUG

Hopefully Steve Cohen’s alleged hush money which bought Martoma’s allegiance and silence will be worth it (and still there upon release) to make Martoma’s stay in Federal pound me in the assprison – up to 25 years – more pleasurable.

And some tweets from the regulators:

 

 

 

 

INSIDER TRADING

 

Stock was at Rs 133 on 19th December and Today kissed 214 level.

Yes ,Today is 15th Session 

BUYBACK

Today NEWS is out :

MASTEK-250

Who Bought 35 lac shares on 20th December ?

Who Bought 19 lac shares on 6th January ?

Yesterday who bought 32 lac shares from 184 to 208 level ????

HANG HANGWhy nobody talks ??Why…………………..Nobody takes action ??

Basically Everybody is Involved from Management ,Insiders ,CC People ,Fund Managers……….This is not first time …Happened many times and we are writing everytime this thing

happens.

U Try to Rig any stock with low volume or u write some where about stock and u trade in that stock…….then see what happens to TRADERS or Analysts ??

Think it over………..But in India (Insider Trading is done by everybody )

4 Time in Year Promoters/Fii’s/Mutual Fund people do manipulation during result time……….That period starts from Tomorrow.

Technically Yours/ASR TEAM/BARODA

 

Think this would make a difference?

 Today, jury selection will begin in the insider trading case against Mathew Martoma, a former portfolio manager at embattled hedge fund SAC Capital. But before attorneys could argue before the jury, Martoma’s lawyers tried to set an interesting term – they wanted to ban the use of the word “greed” during the trial.

This request didn’t go over well, according to the NYT:

In a ruling on Monday, the judge presiding over the trial, Paul G. Gardephe, barred prosecutors from introducing evidence of Mr. Martoma’s fainting spell. But he decided to allow prosecutors to use the word “greed” during the trial, despite concerns raised by Mr. Strassberg that the word could be used as a way to “tap into the anger out there against Wall Street.”

Remember, Martoma fainted in his front yard when the FBI took him in.

Martoma is accused of passing inside information to Steve Cohen, the founder of SAC Capital, that made the firm $276 million. It’s the latest in a string of cases against SAC, which last year pleaded guilty to federal insider trading charges, returned outside investor money, and became a family office. >> Read More

 

The Securities and Exchange Board of India (Sebi) is of the view that the insider trading case involving Mukesh Ambani’s Reliance Industries (RIL) cannot be settled through consent mechanism as any such a decision would be against public interest.

In a hearing before the Securities Appellate Tribunal (SAT) on Monday, Sebi counsel Darius Khambata said the regulator cannot be compelled to settle the case. “They (RIL) have a right to go for consent application. Does that confer a right, no… The consent norms are purely administrative guidelines. It should be left entirely to Sebi to offer or not offer a settlement process,” Khambata said, citing a Bombay High Court order in a similar case involving Shilpa Stock Broker.

“…The person who is alleged to be in breach of the regulations or statutory provisions, which are designed to protect the public interest, will have no vested right either to insist upon Sebi to settling a dispute or enforcing compliance of the terms,” Khambata added. >> Read More

 

Investors are bracing for October-December earnings results, as they look for signs of how much a slowdown in economic growth is impacting corporate profits.

As is customary, Infosys Ltd will unofficially kick off results from blue-chips when it reports earnings on Jan. 10.

Caution is also expected to prevail ahead of key economic indicators, including industrial output on Jan. 10, which tends to impact capital good shares.

Factory data will be followed by wholesale and consumer inflation later in the month, which will help determine whether the central bank raises interest rates at its policy review on Jan. 28.

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Technically Yours,
Team ASR,
Baroda, India.