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Strategies & Market Trends : Technical analysis for shorts & longs

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Nov 14 4:00 PM EST

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To: Logain Ablar who wrote (34523)	9/28/2001 8:32:26 PM
From: Johnny Canuck	Read Replies (1) of 68048

SEC Seen Giving Reduced Stock Buyback Relief Until Oct. 12 Dow Jones Newswires WASHINGTON -- The Securities and Exchange Commission will extend relief to corporations seeking to buy back their own shares for an additional two weeks, but the relief will be less sweeping that it has been, according to individuals familiar with the move. Emergency relief set to end Friday will be extended until Friday, Oct. 12, but only in part, these individuals said. Rules that bar firms from buying shares in the first and last half-hour of trading will be reintroduced, but relief from restrictions on the volume of shares that may be purchased will continue, according to these individuals. After the Sept. 11 terrorist attacks, which shut down U.S. stock markets for four days, the SEC temporarily lifted rules limiting the timing and volume of corporate stock buybacks. The rules, meant to prevent stock manipulation, bar companies from buying their own shares in the first and last half-hour of trading and limit how much stock a company can buy on any given day. Write to Judith Burns at judith.burns@dowjones.com

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