I bought a company's stock yesterday that went public today that they will be bought

jwblue · Nov 30, 2006

I received a tip from a message board yesterday to buy a stock. Today I found out they will be bought by another company, cuasing the stock to go up 15%. I bought about 2K worth of stock (35 shares) Are the Feds going to knock on my door now for insider trading?

IS

LineTamer+ · Nov 30, 2006

Did you receive the information from somone "in the know" or was it public info?

jwblue · Nov 30, 2006

Line Tamer said:
Did you receive the information from somone "in the know" or was it public info?

Don't know who he was. He basically just said... "Buy this stock". That's it. I am probably overreacting (at least I hope so). My profit could have been around $400. I didn' buy futures or anything.

IS