Mike, et al - slightly OT re: selective disclosure like CTXS's a couple months ago. The Business section in The Washington Post yesterday (Sun, 20 Aug) had an article and a 'discussion box' on the new SEC's "Fair Disclosure" rule (links below - TWP keeps its 'free' access for two weeks from posting). Fred Barbash, TWP business editor, wrote them. I particularly liked the quotes from comments that an industry representative submitted to the SEC on how us individual investors should not get this info because we aren't capable of making our own decisions based on it. What cheek. Had I gotten this info when the NYC analysts got it, I, too, would have bailed and shorted and then covered a week later. Instead, I waited for the dust to settle and had to double down in anticipation of (a) taking the tax loss 31+ days after the second buy, or (b) holding both piles of stock until I recover, on average, something close to my initial investment and then (i) getting out or (ii) deciding to hold some more. Just what sophisticated decision-making was that industry rep thinking about that we can't do?
Links -
the article "Thank SEC for Fair Disclosure" pg. H1
www.washingtonpost.com/wp-dyn/articles/A57581-2000Aug19.html
the box "SEC Strikes Blow for 'Those Kept in the Dark'"
www.washingtonpost.com/wp-dyn/articles/A57587-2000Aug19.html
Regards, and happy reading (although when you get to the quote, don't blame me if you spit coffee all over your PC)
Harry |
