All, Somewhat OT
It is amazing to me that HWP was down over 9 points today, about 12.5%, and then, AFTER THE CLOSE, warned that they might not make earnings.
It is obvious, even to a totally disinterested observer, that today's trading in HWP was NOT based on currently public information. It is obvious that selected investors had prior knowledge of this information.
If the SEC has a primary function in the markets, it would seem to me that it is to investigate and punish those that selectively disclose information, and those that profit from the knowledge.
The reason I feel this is an appropriate post for this thread is that, in all probability, those with insider knowledge sold their other tech stocks in anticipation of the fallout from the warning.
Sorry to vent my frustration, I just feel that a level playing field is an key component of a fair equity marketplace.
John
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