Question: You are the president of Turbocharge, Inc., a publicly traded company. You have been buying...

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Question: You are the president of Turbocharge, Inc., a publicly traded company. You have been buying stock recently because you think the company's product-a more efficient hybrid engine-is very promising. One day, you show up at work and find your desk in the hallway. The CEO has fired you. In a huff, you sell all your company stock. The only silver lining to your cloud is that you make a large profit. Or is this a silver lining? Strategy: You can be in violation of $16 even if you did not have any inside information when you trade. (See the "Result" at the end of this section.)