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Pastimes : All Clowns Must Be Destroyed
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To: Ilaine who wrote (36772)5/31/2000 5:46:00 PM
From: Thomas M.  Read Replies (1) of 42523
 
Go back and reread what Rick said.

This abstract seems to imply that public info. makes it simply an issue of flipping a coin. That's absurd, as most data is released to the public before advisory committee meetings, and one can tell a ton about the likely outcome of phase III trials from earlier trials and/or preclinical work.

In other words, what they are calling insider trading is actually trading based on public info. This study is of no merit whatsoever, IMHO.

Tom
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