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How Not To Be An Inside Trader
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How Not To Be An Inside Trader |
11/17/08
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"In July 2006, Cuban financed Sharesleuth.com, a web site created by former St. Louis Post-Dispatch investigative reporter Christopher Carey to uncover fraud and misinformation in publicly traded companies. Experimenting with a new business model for making online journalism financially viable, Cuban disclosed he would take positions in the shares of companies mentioned in Sharesleuth.com in advance of publication. Business and legal analysts questioned the appropriateness of shorting a stock prior to making public pronouncements which are likely to result in losses in that stock's value. Cuban insisted that the practice is legal in view of full disclosure.
In October 2008, Cuban started Bailoutsleuth.com as a grassroots, online portal for oversight over the US government 700 billion dollar "bailout" of financial institutions"
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Mark Cuban!
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JERRY: (confused) We're talking about people, right?
KRAMER: Yes, yes. The quality, the texture, the intoxicating aroma. These guys don't have it.
JERRY: I thought they smelled pretty nice.
KRAMER: Jerry, your palate's unrefined.
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- wasn't worth it.
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Na she got busted for lying to the Feds - about her insider trading haha
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