More Insider Trading Ties To SAC Capital

[Parsad]

While there is no formal investigation of SAC, it seems as though the web of connections to Cohen's firm is getting wider.  Cheers!

 

http://www.bloomberg.com/apps/news?pid=20601087&sid=aqUVDRr07Vrs&pos=6

[Uccmal]

Well I hope they leave a few hundred million for Fairfax when all this is said and done.

 

What is the expression:  "Where there is one cockroach...

[Mungerville]

f**k*rs

[ubuy2wron]

Does anyone think that the fact SAC maybe the subject of intense scrutiny become a tradable event. I have traded OGXI which was a largish relatively illiquid holding of Galleon. Will investors start to pull their dough from SAC funds may they become in fact victims of the same chain of events which they attempted to orchestrate with FFH or is my poetic justice scenario just a fantasy?

[dcollon]

Most of SAC's money is Mr. Cohen's so, unless he has to sell to pay legal bills I wouldn't expect there to be as much of an opportunity.  But I agree that it's certainly worth watching closely.