Again: insider trading
The last weeks we were questioned often why MLP’s shareholder value doesn’t fall. This was a mystery because the market was falling, MLP remained at its position.
The question we were asked today is why doesn’t the shareholder value rise into heaven after the information of Swiss Life’s step to Bundeskartellamt for merger.
The solution is for both questions the same: insider trading. Appearently the important people knew for weeks what will happen made their bets long before the game was officially opened. Old habbits of the Wiesholes.
Secrecy was always the policy of Manfred Lautenschlaeger, the same way Carsten Maschmeyer deals.
Update:
Harris Associates confirmes to have sold its papers before 9/30.