By MoneyMorning.com.au
You may have seen a strange ad in yesterday’s subscription version of Money Morning.
It began, “Are you interested in investigating insider trading, suspicious volume spikes, and price sensitive announcements?”
The ad appears in today’s subscription version of Money Morning too. (For your free subscription click here). Read it. And if you’re interested, send a cover letter and CV to dan@dailyreckoning.com.au.
We’re always looking to find ways to help you make money.
And our gut feeling is this is one way to do it. Like it or not, there are some stock traders and investors who act on confidential inside information. Of course, that’s illegal… and that’s NOT what we’re looking to do.
What we ARE looking for is whether a switched-on guy or gal can analyse this hard-to-find info and generate profitable trading ideas from it.
Australia is one of the least transparent share markets in the world. For example, according to research firm Morningstar, Australia’s funds industry ranks 14th out of 16 in the developed world in terms of disclosure.
Investors often have no idea what shares, bonds, or other assets their funds own, or how risky those assets are.
Our aim is to break open the industry stranglehold on price-sensitive info… and put it to use for you. Or at least see if it’s possible.
There’s certainly a lot of work to do. In a three month period in late 2010, ASIC generated nearly 20,000 alerts flagging suspicious trades.
Australia is almost the last share market in the world where some investors have a big information advantage over others. Let’s see if we can even things up a bit for the individual investor.
Cheers.
Kris