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Pastimes : THE SLIGHTLY MODERATED BOXING RING

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To: Bill who wrote (17757)7/18/2002 12:42:18 PM
From: Dayuhan  Read Replies (2) of 21057
 
Your proof is the timing. Heck, if he'd waited a year, he could have doubled his money. It's pathetically obvious that your theory on the timing is ridiculous.

What are you talking about? The stock price movement is utterly irrelevant. Nobody's saying the man is prescient. Hell, he barely seems sentient.

Repeat this to yourself, three times: when a connected insider sells stock just before a negative announcement is made, privileged information has been acted upon. That's the way it works in the real world, whether or not the person leaves evidence behind. It doesn't get different just because a politician is involved.

It's not obvious enough to SEC investigators who researched the matter and attained thousands of pages of documents. They cleared him.

How many times does this have to be repeated? All this means is that the evidence was insufficient to prosecute. That's according to the legal standard. The rest of us don't have to be that rigorous; if we see bird poop on the windshield we can assume that there's been a bird in the vicinity.
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