Mon, Oct 20, 2014, 1:43 AM EDT - U.S. Markets open in 7 hrs 47 mins

Recent

% | $
Quotes you view appear here for quick access.

Insmed Incorporated Message Board

  • fudfighter4 fudfighter4 Jul 26, 2013 8:28 AM Flag

    Bugseypug - how do you compare these two cases?

    I pointed out a recent example of the SEC taking action against insider trading -

    "The Securities and Exchange Commission announced that New York-based hedge fund advisory firm Sigma Capital Management has agreed to pay nearly $14 million to settle charges that the firm engaged in insider trading based on nonpublic information obtained through one of its analysts about the quarterly earnings of Dell and Nvidia Corporation."

    I also pointed out recent Short positions - offering the SEC as a preliminary line of enquiry evidence that investors who disclosed Short positions for mid-July recently sold over a million shares of INSM at an average price representing less than 60% of the average analyst valuation -

    Settlement ... Short position

    June 28 ... 2,089,095
    July 15 .... 3,281,476

    Date ......... High ... Low ..... Volume

    June 28 ... 12.11 ... 11.58 ... 4,070,922
    July 01 .... 10.65 ... 09.00 ... 4,792,748
    July 02 .... 10.15 ... 09.67 ... 1,036,093

    Valuation ... Analyst

    $17.00 ..... Canaccord Genuity
    $17.50 ..... UBS
    $18.00 ..... Wedbush
    $21.00 ..... Lazard
    $22.00 ..... Leerink Swann

    A very small number of investors must have made a combined bet of around $10 million that the share price would not reposition in line with analyst valuations as a result of the Phase III success.

    Making trades intended to influence the trading of other investors is illegal. Making trades on the basis of nonpublic information is illegal. If the SEC receives enough complaints to prompt an investigation, what excuse could they offer?

    Your response to this argument was -

    "The SEC will do nothing, at least that's my opinion."

    It was kind of you to share that - but it would be of far more value to those who haven't yet voiced their concerns were you to explain WHY you believe the SEC will do nothing in this particular instance.

    For example, how would you compare the evidence of recent insider trading at INSM with the evidence which persuaded the SEC to investigate Sigma Capital?

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • Update from bugseypug -

      "For me, I'll not contact the SEC as I'm not privy to all the pertinent information to make an educated case."

      So ..... nobody should ever contact the SEC to point out trades which appear to have been based upon nonpublic information - because nobody can ever be certain there is pertinent information to which they are not privy.

      • 1 Reply to fudfighter4
      • For the sake of clarity....this is my entire post which you selectively pried a small bit from....

        ' I don't think I have ever tried to "influence" anyone to do anything with their shares. I too highly encourage people to do what is right for them in their circumstance. For me, I'll not contact the SEC as I'm not privy to all the pertinent information to make an educated case."

        PLEASE READ THE SECOND SENTENCE...I think that is pertinent to the third sentence.

    • Bugseypug -

      "The SEC will do nothing, at least that's my opinion."

      It was kind of you to share that - but it would be of far more value to those who haven't yet voiced their concerns were you to explain WHY you believe the SEC will do nothing in this particular instance.

      For example, how would you compare the evidence of recent insider trading at INSM with the evidence which persuaded the SEC to investigate Sigma Capital?

      • 1 Reply to fudfighter4
      • "For example, how would you compare the evidence of recent insider trading at INSM with the evidence which persuaded the SEC to investigate Sigma Capital?"

        I do not have any knowledge of "insider trading" at any company, much less INSM. As for Sigma, I'm sorry, I really didn't keep up with that....so on both points, I am ignorant. However, you seem to be knowledable and quite certain that you have some "evidence". Have you shared that with the SEC?

    • My last comment to any of your posts Insmed folks must laugh at you daily, that is if they read this board.
      Their legal folks could easily take you to task iif they chose so. In that case you would have two choices: run for cover or spend tens of thousands on legal fees. Now that would be fun for all of us to witness. Do you enjoy your presence here as the clown of posters. Sop sad. So dumb.

      Sentiment: Buy

      • 2 Replies to dorianrivers21
      • We''ll just have to agree to differ on this.

        My own view is that Insmed would be supportive of any attempt to convict those responsible for the share price manipulation which resulted in a share offering approved by the BOD when the price was around $14 eventually generating proceeds of $9.776 a share - less than half the average analyst valuation.

        And fwiw - your repeated use of the word "clown" is an acknowledgement of the weakness of your argument.

      • "Their legal folks could easily take you to task iif they chose so"

        I'm only suggesting it might be in our interests were the SEC to ask the investors who recently shorted over a million shares of INSM for less than 60% of the average analyst valuation to explain why they anticipated being able to buy cover that massive Short position at an even lower price than 60% of the average analyst valuation.

        Whose legal folks are you suggesting "could easily take me to task" for making that suggestion?

 
INSM
13.29-0.51(-3.70%)Oct 17 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Netflix, Inc.
NasdaqGSFri, Oct 17, 2014 4:00 PM EDT
Pilgrim's Pride Corporation
NasdaqGSFri, Oct 17, 2014 4:00 PM EDT