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What is insider training - like where is the line drawn?
A company I've invested in is planning on extending into another geographical market - they announced this in their mid annual report in September.
If I email their support and ask "how are you progressing re: expanding into x area" and I get a response from an employee fully explaining the current progress being made and ETAs etc. - then buy shares using that information that is not public knowledge - will that get me in trouble?
I'm confused.
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Insider trading is information that is not publicly available.
A company expanding isn't insider trading
An email from the CEO telling you that the company stock is going to rise of fall tomorrow and to buy or sell is insider trading.
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>>1080799
What OP is doing is inside trading because the public won't know the progress of the companies expansion until the next report, so OP can short the stock if it isn't meeting what they claim.
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>>1080806
But it is public knowledge if they would send the same response to anyone that asks?
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