Would it be considered insider trading? Hell yeah. But, everyone who makes it big playing the stock game is doing it via insider trading. It's kinda like counting cards in blackjack. Sure, it's illegal, but it's hard to prove unless you're being obvious about it.
"People say that marijuana smoking is going to get in the way of my career. I say to them that on the contrary, my fighting career is getting in the way of my marijuana smoking." -Nick Diaz