Martha Stewart indicment

[Automaggin2]

http://talkleft.com/archives/002041.html

not anymore cphil

[cphilip]

LOL Good one pbz! Good one!!!! How true!

Automaggin, this place I am talking about WAS a federal prison. Not a halfway house....

[CasingBill]

Correct me if I'm wrong but If someone told you to sell your stock because they knew it was going to crash, would you not sell? Do I have the facts right? If I got a tip like that I'm sure I would sell. Who in their right mind would sit there and say "just because you told me I have to take the hit and lose the money". Unless I have the facts wrong. I would have sold those stocks also.

[shartley]

Originally posted by CasingBill
Correct me if I'm wrong but If someone told you to sell your stock because they knew it was going to crash, would you not sell? Do I have the facts right? If I got a tip like that I'm sure I would sell. Who in their right mind would sit there and say "just because you told me I have to take the hit and lose the money". Unless I have the facts wrong. I would have sold those stocks also.

[cphilip]

Yes it would be illegal if someone told you to sell because they had some insider knowledge that they were using to determine that it was about to go under. That would be illegal. The issue here is did Martha know it was insider information? And then the bigger issue that the government prosecution is basing thier case on is, even if she didn't know at the time, did she cover up what happened? And then, when she announced after the investigation had begun that she was innocent,did that constitue stock manipulation of her own companies stock? That last one is very odd charge to make.

It appears they did not charge her with insider trading but they chose to file a civil suit for that seeking damages. Thats kind of odd too.

The entire loss she avoided by sellin ImClone stock that day was $45,000.

[shartley]

Originally posted by cphilip
The entire loss she avoided by sellin ImClone stock that day was $45,000.

[cphilip]

Yep it remains to be seen if she realy DID know and if she did do anything to interfer afterwards. There is a good deal of evidence her Stock broker did but linking her to knowing before the fact and proving the actions taken were After the fact. Thats the key thing here. The evidence all lies in proving there was a sell agreement AFTER the fact. And then anything she said to protect herself might also be then construed to be helping keep her own stock up. And thats another of the Charges. So we shall see...

Oh, I made no comment on the amount of money at all. Just wanted to make sure people knew the extent of gain here. Fairly small for someone like her and you would think no incentive to lie about it. Doesn't make much sense realy. Kind makes you think one of two things. Either she is innocent or she is the stupidest person in the world! Right now I do not see her as being THAT stupid. But.... hehehe....we shall see.

[aaron_mag]

I had no idea Phil could be so gentlemanly! Martha should see how vigorously you defend her. She can't be THAT hot to you so I'll chalk it up to natural male protectiveness of a female in distress. What can we say...Phil is a southern gentleman after all! Personally I think she is probably guilty but agree with 1stdeadeye. She has lost alot of money over a little savings.

Also she seems to be made an example of while others who are just as guilty or more so get their hands slapped. Just who did she piss off? Listen to me! I'm starting to become a paranoid conspiracy theorist.:)

[than205]

I think it would be more appropriate to go after Ken Lay (sp?). Or at least make certain that he never happens again.

[1stdeadeye]

Originally posted by than205
I think it would be more appropriate to go after Ken Lay (sp?). Or at least make certain that he never happens again.

Hey, this is not a political thread! It is a bash Martha thread dagnabit!

[than205]

Yeah, Yeah.
Politcal threads never happen here....

[FactsOfLife]

Martha Stewart is not an inside trader, she was only on the way to being one.

Now if you people would only read the books on insider trading the way the people who founded it had meant them to be read you all wouldn't be so ignorant.






















I'm sorry I just had to....

[1stdeadeye]

Originally posted by than205
Yeah, Yeah.
Politcal threads never happen here....

Please, Please!

*Roberto Duran's voice* No mas, no mas!

[1stdeadeye]

Originally posted by FactsOfLife
Martha Stewart is not an inside trader, she was only on the way to being one.

Now if you people would only read the books on insider trading the way the people who founded it had meant them to be read you all wouldn't be so ignorant.

I'm sorry I just had to....

Now that made me laugh!!

[than205]

Originally posted by FactsOfLife
Martha Stewart is not an inside trader, she was only on the way to being one.

Now if you people would only read the books on insider trading the way the people who founded it had meant them to be read you all wouldn't be so ignorant.

I'm sorry I just had to....

No! You are completely wrong! Because I say so.