But it's not insider trading at this level, that's the whole point. This is a freakishly small amount of stock. At these levels he would own a lot more META if he just bought QQQ (META is 3.3% of composition) with a fraction of his net worth
The definition of insider trading does not take into consideration "levels."
> This is a freakishly small amount of stock.
That he personally purchased. I don't know what private and public entities he may have shared the information with or what other purchases traded on his information.
> At these levels he would own a lot more META if he just bought QQQ (META is 3.3% of composition) with a fraction of his net worth
At the level of an individual game a card counter is mathematically not a huge problem. They're just shifting the odds by 1 or 2% in their favor. I wonder why casinos bother to kick them out? They'd stand to win a lot more if they just flopped everything on roulette anyways.
I think you're letting the imputed scope interfere with your evaluation and mistaking net worth for liquid assets.
