Travelex (Finablr LON:FIN) insider trading or insider job?

in #travelex5 years ago

Travelex situation

You can always check archive.org

screencapture-travelex-2020-01-09-12_05_01.png

January 8th

https://www.theguardian.com/technology/2020/jan/08/travelex-hack-staff-write-paper-invoices-as-websites-remain-down

“As the crisis continued on Wednesday, shares in Travelex’s parent company Finablr, a global payments company listed in London, plunged by 16% to a record low.”

January 2nd:

Twitter
Screenshot 2020-01-09 at 12.05.12.png

LON:FIN

Hourly chart: https://www.tradingview.com/chart/Ptv41VXt/
hourly chart.png

Dates (massive drop prior to hack)

https://www.bloomberg.com/news/articles/2019-12-19/billionaire-clan-under-fire-from-muddy-waters-loses-700-million

Rich_Family_Under_Fire_From_Muddy_Waters_Loses__820_Million_-_Bloomberg.png

A front-line worker earning close to minimum wage can be easily persuaded to infect the IT systems.

Of course it's not an accusation, more of a statement of the fact and genuine observation - holding short position of a company that is under massive threat - kind of cool, next level hacking!

I will dig into that research more:

(need to click on the checkbox to access the file)

I am open-minded in relation to discussing such adventures.

Non-violent, whitecollar, a few billion pounds changing hands, way more efficient than laboring and being paid minimum wage