Posted on 02/03/2008 8:29:20 PM PST by BGHater
Another Day, another dollar.
Seriously, the timeline doesn’t work to show any insider information. SG management did not become aware of the magnitude of the trading irregularities until Friday, 18 January. The trades on 9 and 10 January should be clear and my guess is he would have had to put his order in for the 18th sale at least two days before execution.
SG share price was down from its peak of eur158 to around EUR95; the global economy and equities looked soft. Probably looked to take some profit. The fact that he kept over a million shares shows that he wasn’t aware of the looming problems.
In France anything they can do to blame Bush they’ll find a way.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.