Mychal Kendricks, a former linebacker for the defending Super Bowl Champion Eagles is being charged with insider trading. I’m going to tell you to not do that.
First, most people that think that they have some sort of inside information, that they’re going to make some trade on, don’t. They just have some news that ten million other people have, and are unfortunately waiting for like the news to be more mainstream for the stock to pop. The news is already out there; the stock is not going to pop. That’s the reason it’s trading for two dollars a share.
Second, most people don’t know what to do to maximize what they would get out of trading on that information, and I am not going to tell you how to do that here!
The last thing is, the SEC does a great job of catching these people. These are not high actors. It’s not hundreds of millions of dollars in trades. It’s a relatively small amount, and yet it didn’t go under the radar. They got caught, and now he’s embarrassed.
He’s probably going to have to pay some fines, and, you know, probably not jail time, but he’ll probably get some sort of punishment, and the black eye in the public is probably really bad for his career.