Comment by jonathankoren

Ahh but that’s because the point of putting the trades on automatic is what allows insiders to trade even though they have inside information. As soon as you put trades on manual you’re opening yourself up to use inside information.

I don’t remember the story, but you can imagine a situation where you scheduled a big buy a year in advance right before earnings. You’ve done this consistently for a few years, and it’s paid off for you. The company has grown consistent quarter after quarter. Only now, this year right before the earnings call, you cancel the purchase.

Now tell me, do you think the company’s earnings exceeded expectations?