OT: WSJ: Cuban charged with Insider Trading

Discussion in 'Portland Trail Blazers' started by SpanishFly, Nov 17, 2008.

  1. SpanishFly

    SpanishFly Member

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    by SEC, into the fire Mark. Just heard this on CNBC
     
  2. maxiep

    maxiep RIP Dr. Jack

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    Re: WSJ: Cuban charged with Insider Trading

    Mods, please move to OT.

    Interesting. If true, Stern may use it as an excuse to force him to sell the Mavs.
     
  3. Sedatedfork

    Sedatedfork Rip City Rhapsody

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    Re: WSJ: Cuban charged with Insider Trading

    I wonder if he was giving tips to Tim Donaghy
     
  4. SpanishFly

    SpanishFly Member

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    Re: WSJ: Cuban charged with Insider Trading

    sorry Max, gotta get used to this board
     
  5. THE HCP

    THE HCP NorthEastPortland'sFinest

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    Re: WSJ: Cuban charged with Insider Trading

    Maybe he will trade Dirk to Paul for some Microsoft stock.
     
  6. The_Lillard_King

    The_Lillard_King Westside

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    Re: WSJ: Cuban charged with Insider Trading

    Wow . . . I wonder if this (along with the economy) will make Cuban tighten up those purse strings.




    Edit: Within hours of receiving this information, according to the complaint, Cuban called his broker and instructed him to sell Cuban's entire position in the company. When the offering was publicly announced, Mamma.com's stock price opened at $11.89, down $1.215 or 9.3 percent from the prior day's closing price of $13.105. According to the complaint, Cuban avoided losses in excess of $750,000 by selling his stock prior to the public announcement of the offering.

    http://www.sec.gov/news/press/2008/2008-273.htm


    I don't think 750K, interest and a penalty for 750K will have much of an impact of Cuban . . .
     
    Last edited: Nov 17, 2008
  7. BenDavis503x

    BenDavis503x Suspended

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    Re: WSJ: Cuban charged with Insider Trading

    Deputy Mod. Where is your gold star?
     
  8. hasoos

    hasoos Well-Known Member

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    Re: WSJ: Cuban charged with Insider Trading

    The worse thing that will happen to him is he will be Martha Stewart'd. (In other words, minimum security prison, where they merely paint the walls on the ground, and chill out for a few months.)
     
  9. maxiep

    maxiep RIP Dr. Jack

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    Re: WSJ: Cuban charged with Insider Trading

    No need to apologize. I was just helping you out. You'll figure this place out eventually.:cheers:
     
  10. maxiep

    maxiep RIP Dr. Jack

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    Re: WSJ: Cuban charged with Insider Trading

    Man, you have a raging case of hurtbutt.
     
  11. AgentDrazenPetrovic

    AgentDrazenPetrovic Anyone But the Lakers

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    Re: WSJ: Cuban charged with Insider Trading

    meh, fuck the SEC.
     
  12. SpanishFly

    SpanishFly Member

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    Re: WSJ: Cuban charged with Insider Trading


    SEC sucks, they were asleep at the wheel when all the Wal St creative finance BS/leveraging was goin on = hundreds of billions and even trillions in losses. And now they target Cuban for a few million - what the FUK is up with that?
     
  13. THE HCP

    THE HCP NorthEastPortland'sFinest

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    Re: WSJ: Cuban charged with Insider Trading

    Ya, I'm more of a Pac-10 guy myself.
     
  14. AgentDrazenPetrovic

    AgentDrazenPetrovic Anyone But the Lakers

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    Re: WSJ: Cuban charged with Insider Trading

    Yup. They just want a moral victory to seem like they're doing shit.
     
  15. BenDavis503x

    BenDavis503x Suspended

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    Re: WSJ: Cuban charged with Insider Trading

    Naw, I just like messing with you over the top forum nerds.
     
  16. Ed O

    Ed O Administrator Staff Member Administrator

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    Re: WSJ: Cuban charged with Insider Trading

    I've added "OT" but since it's NBA-related I'm leaving it in the main forum.

    Ed O.
     

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