Ariba Inc.


Fig 12
Just for the fun of possible insider trading: Figure 12 shows normal behavior by large players that are pushing the price up during period A. By contrast, we can admire the share accumulation that took place during the price downtrend of B, just before the earnings release that provoked the price jump in Figure 13.

If course I cannot say with certainty that this is an example of insider trading, but those 100,000 shares that were purchased between $ 7.5 and $ 8 (between January 19 and January 23) saw their value jump to $ 9.5 overnight--a gain of about $ 175,000 . Was it just a lucky fund manager there?

Fig 13
The jump in price was a reaction to the company's publishing quarterly results that beat Wall Street expectations.