Quote:
Originally posted by Anne Elk
I used the insider trading analogy because frommy limited reading on the subject, I thought they were buying and selling based on what they knew would happen to the price from the institutional decisions that were made within Putnam. SO even if I had the time to do the research and watch the price it would take longer, maybe days, for the information to trickle down to me.
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Yeah, the Putnam thing (on further reading) is a bit different, because it involves insiders, not just institutions. But I'm not sure they would have any better information than a large institution. All of this timed trading stuff is something big players can do because they can take a calculated risk on 2-3 basis point differences.
As for the SEC thing, they just got a guilty plea out of a goldman sachs economist, who bought wads of 30 yr bonds right before the treasury publicly announced they were goign to stop offering them for sale.
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