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Strategies & Market Trends : Sharck Soup
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To: mish5000 who wrote (35536)9/17/2001 6:43:08 AM
From: Softechie  Read Replies (1) of 37746
 
SEC Encourages Equity Buying
 The WSJ reports that the Securities and Exchange Commission has waived a list of rules in an attempt to encourage buying at the reopen of trading today. SEC lifts the regulation preventing companies from buying their stock in the first and last 30 minutes of the session (for as many as 10 days) and is allowing companies to buy up to 100% of the previous month's avg. daily volume (up from 25%). Additionally, corporate insiders will be able to purchase shares regardless of when they last traded.
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