this post was submitted on 01 Apr 2024
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There's like a week or so delay in them having to report trades, by then you've missed the profit, drive there's up a little, and when they sell it drops the price because they have a bunch of shares.
A week later you find out they sold, maybe make a slight profit if your fast. Then you hear what they bought a week and go give them even more money.
Because all the extra money following them, them selling a company could domino into real world consequences at the company like layoffs.
The system is broken. We're past the point of "gaming" it for scraps. We need a better system or we're fucked.