Keeping earnings a secret before officially announced

Discussion in 'Trading' started by Ayn Rand, Apr 24, 2022.

  1. zdreg

    zdreg

    GIGO(garbage in, garbage out) The data given to the accountant may be false.
     
    Last edited: Apr 25, 2022
    #11     Apr 25, 2022
  2. zdreg

    zdreg

    Maybe it a good reason to avoid trading the largest capitalized stocks, which are reporting. Sit back and learn
     
    #12     Apr 25, 2022
  3. deaddog

    deaddog

    How do you falsify data?
    Outright lies eventually come to light. That's fraud. Accountants are paid the big bucks to manipulate accurate data.
     
    #13     Apr 25, 2022
  4. you fellas do know your local congressman are exempt from insider trading, correct?

    they can trade with insider information and they won't got to jail...now ain't that a bitch?
     
    #14     Apr 25, 2022
  5. easymon1

    easymon1

    how dare you.jpg
    Howdy! question the integrity of the selfless dedicated servants of the people.
    My girl Nancy earned each of the hundreds of millions that she's amassed on her $150K salary.
    Wait... How'd she do that?
     
    #15     Apr 25, 2022

  6. yes, your local politicians (both democrats and republicans) are serving their overlords (rich and corporations) who pretend to care about the servants (middle class, poor, and illegals etc.). your local politicans need to get paid thus allowing them to do inside trading.
     
    Last edited: Apr 25, 2022
    #16     Apr 25, 2022
  7. easymon1

    easymon1

    Absolutely! Both wings of that pernicious bird! and the firmly entrenched bureaucrats too. It's a small club and we ain't in it, lol.
     
    #17     Apr 25, 2022
  8. ph1l

    ph1l

    I doubt if it stops them, but insider trading by Congress hasn't been legal for 10 years.
    https://en.wikipedia.org/wiki/STOCK...o law,Congress and other government employees.
     
    #18     Apr 25, 2022
    zdreg likes this.
  9. zdreg

    zdreg

    e.g. date of recording of income from sales can easily be shifted from one period to another period.
     
    #19     Apr 25, 2022
  10. deaddog

    deaddog

    We're saying the same thing. Moving sales is more manipulating than falsifying. The sales happened.
    The accounting industry is self regulated and GAAP is close to legal fraud.
    The take away is you can never be absolutely sure, have a method of contolling your risk!!
     
    #20     Apr 25, 2022