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Strategies & Market Trends : Tech Stock Options

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To: Electric who wrote (40129)4/17/1998 5:10:00 AM
From: ViperChick Secret Agent 006.9   of 58727
 
I have an SEC question as I am not familiar with these rules

Someone told me that the 1.2 million shares that the "venture capitalists" wanted to sell on XCIT after hours could have been sold before the close if it was because of earnings...because they would have been able to see the earnings ahead of time and get out before the close....

thus something "fishy" about the rumor..

BUT...if they had access to the information about earnings PRIOR to the release...wouldnt they be governed by the insider trading rules..or something else at the very least...

Electric...you are sounding more and more like OJ every day..dont start using any more capital letters or I wont be able to tell you apart...
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