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Pastimes : THE SLIGHTLY MODERATED BOXING RING

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To: jlallen who wrote (17579)7/16/2002 8:57:04 AM
From: Dayuhan  Read Replies (1) of 21057
 
Yes or no?

Assuming equivalent circumstances, yes.

If I was a corporate insider, privy to confidential information, and I sold my shares immediately prior to a major negative disclosure, then I would accept that any thinking person would assume that I'd done something illegal and say so. I'd just be glad I didn't leave any hard evidence. I might be a bit piqued if it really had been just coincidence, but we both know that that sort of coincidence doesn't happen in the real world.

there was no evidence to support it and in fact there was plenty of exculpatory evidence and facts

No evidence to support it? What are you talking about? All the circumstantial evidence points directly at illegality. That deal has red flags flying all over it. The only exculpatory factor is the absence of either documentary evidence or personal testimony proving that the person making insider trade actually had the information in question.
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