8 March 2017: Insider information

WikiLeaks uncovered that the CIA is using smartphones and smart televisions for eavesdropping. If central agencies can do it, it is not unlikely that others are also able to do it. What if ‘investment hackers’ started eavesdropping on CEO’s and CFO’s of quoted companies to gain insider information? This would be very hard to detect, because normally insider information can somehow be related to persons in the vicinity of the top management of quoted companies. Should top executives refrain from the use of smart devices?

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Investors were in wait-and-see mode yesterday ahead of key central-bank meetings and economic data. The major US indices drifted somewhat lower. The UVXY and XIV were almost unchanged: the UVXY remained at 19.40 and the XIV rose only 0.01%. This left the results for Danny Daredevil, Adventurous Anny, Solid Suzy and Lazy Larry virtually unchanged.
No trading signal was given for any of our models.

Model Holds Start date

RSS

YTD

QTD

AAR

Danny Daredevil UVXY 1 January 2016

+208.17%

-23.55%

-23.55%

+159%

Adventurous Anny Cash 6 March 2017

0.0%

0.0%

0.0%

0.0%

Solid Suzy XIV 6 March 2017

1.54%

1.54%

1.54%

Later

Lazy Larry
XIV 6 March 2017

1.54%

1.54%

1.54%

Later

RSS = Return Since Start | YTD = Year-To-Date | QTD = Quarter-To-Date | AAR = Average Annual Return

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René visited Diksmuide for a business meeting. He was aware of the medieval origins of the town, and of the heavy beating it had taken during the first world war. Up until one of his first visits to this business relative, he used to marvel at the historic buildings while driving through Diksmuide’s historic center. He felt that there was something to it that was different from any other ancient city center in Belgium. It was the moment, his business relative guided him around and told him about the true scale of what had happened, he started to realize why. To say that the city had taken a heavy beating during the war, is kind of an understatement. In October 1914, in just two weeks time, it had been reduced to rubble in its entirety during the Battle of the Yser. In the 1920s, the city was meticulously rebuilt, brick by brick, from the original blueprints that had survived the war. Diksmuide as we see it today, is in effect a replica of the medieval town it had been until October 1914. Every time René visits Rotterdam with its hypermodern architecture, inevitably his mind is drawn to Diksmuide.