Hi,
I think I can find a Tesla employee who can supply us with information like the following (I think the odds are about 90%), but before I do that I need some information about the legalities of Insider Trading:
http://www.streetinsider.com/Analys...ory+Gearing+Up+-+Pacific+Crest+/10681668.html
I think that having regular access to this type of information would be extremely useful. But I don't want to ask anyone to do anything illegal, or get anyone in trouble for illegally disclosing insider information and I'm not sure exactly what crosses that line. My first thought was that only high level employee's would have access to that type of information, but it doesn't look like that is correct:
http://www.sec.gov/answers/insider.htm
EDIT ADDITION:Would posting on the forum convert illegal "nonpublic information", to legal public information? Would doing that displease Tesla? And would it be allowed on TMC?
I'm not concerned with morality of using this type of information for making trades. Analysts obtain and use exactly the type of nonpublic information that I want to obtain. Since 100% of that information is not immediately made available I don't think it is wrong to at least try to obtain a level playing field.
A related question, is If I can find someone, I don't know how to quietly share the information with others on the forum. If it's useful information I would be happy to share it with this community, but I don't want to start a feeding frenzy type of scenario.
I think I can find a Tesla employee who can supply us with information like the following (I think the odds are about 90%), but before I do that I need some information about the legalities of Insider Trading:
http://www.streetinsider.com/Analys...ory+Gearing+Up+-+Pacific+Crest+/10681668.html
...Following a factory visit in Fremont, analyst Brad Erickson noted the company was "gearing up" for the Model X, and he expects investor optimism to grow into the launch.
"We were encouraged to see Tesla's new body line (called Body Line 2) beginning to pilot Model X shells, and we view this as a good sign toward the company being able to launch the vehicle "on time." Compared to Body Line 1, the sheer size and greater number of production robots (we'd estimate 3x to 4x) was evident, and we couldn't help but notice several buses worth of new employees receiving training for the new line. To say the mood in the factory is one of "gearing up" would be an understatement," said Erickson...
I think that having regular access to this type of information would be extremely useful. But I don't want to ask anyone to do anything illegal, or get anyone in trouble for illegally disclosing insider information and I'm not sure exactly what crosses that line. My first thought was that only high level employee's would have access to that type of information, but it doesn't look like that is correct:
http://www.sec.gov/answers/insider.htm
http://www.investopedia.com/articles/03/100803.aspIllegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security. Insider trading violations may also include "tipping" such information, securities trading by the person "tipped," and securities trading by those who misappropriate such information.
Examples of insider trading cases that have been brought by the SEC are cases against:
Corporate officers, directors, and employees who traded the corporation's securities after learning of significant, confidential corporate developments;
Rule 10b5-1 provides that a person trades on the basis of material nonpublic information if a trader is "aware" of the material nonpublic information when making the purchase or sale. The rule also sets forth several affirmative defenses or exceptions to liability.
It looks like I need a legal definition of material nonpublic information.Using nonpublic information for making a trade violates transparency, which is the basis of a capital market. Information in a transparent market is disseminated in a manner by which all market participants receive it at more or less the same time. Under these conditions, one investor can gain an advantage over another only through acquiring skill in analyzing and interpreting available information. This skill is based on individual merit and awareness. If one person trades with nonpublic information, he or she gains an advantage that is impossible for the rest of the public.
EDIT ADDITION:Would posting on the forum convert illegal "nonpublic information", to legal public information? Would doing that displease Tesla? And would it be allowed on TMC?
I'm not concerned with morality of using this type of information for making trades. Analysts obtain and use exactly the type of nonpublic information that I want to obtain. Since 100% of that information is not immediately made available I don't think it is wrong to at least try to obtain a level playing field.
A related question, is If I can find someone, I don't know how to quietly share the information with others on the forum. If it's useful information I would be happy to share it with this community, but I don't want to start a feeding frenzy type of scenario.
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