Mark Cuban, owner of the Dallas Mavericks, is the latest inside trader that is going to be go to jail.
SEC has filed charges that Mark had insider information when he sold his 600,000 stocks of Mamma.com. Several days later the company announced a stock offering and as expected within several weeks Mamma.com stocks went from $13.50 to $8 per share.
It is amazing at the cost that we will have to suffer to try someone that is obviously guilty according to statements made.
Monday, November 17, 2008
The new inside trader, Mark Cuban
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Ralph
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11:06 AM
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Labels: Dallas Mavericks, inside trading, Mark cuban, world stock markets
Monday, January 7, 2008
Strait of Hormuz, US Navy threatened!Strait of Hormuz, US Navy threatened!
The Strait of Hormuz is starting to heat up as five Iranian revolutionary guard boats provoked three US Navy ships in one of the best strategic location for Opec's trade route.
This could lead to more problems for the US if there is a military build up in the strait or the gulf that is part of the Iranian coast.
This is believed to be the result of US interfering in the Islamic nuclear program. Do we have another war pending in our future and will we lose our import of oil if there is?
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Ralph
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8:29 AM
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Labels: dubai, dubai hotels, marketing plans, strait of hormuz, world atlas, world stock markets