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Technology Stocks : Advanced Micro Devices - Moderated (AMD)
AMD 259.65+2.3%Jan 23 9:30 AM EST
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To: Bill Jackson who wrote (105719)11/13/2003 3:04:40 PM
From: TGPTNDRRead Replies (2) of 275872
 
Bill, Re: <However, when Jerry buys 300,000 and sells none, that means he feels it will go higher.>

While I could be wrong, I think that Sanders, as an insider, is subject to the one year rule.

Rule 144's Holding Period(s)

At its core, Rule 144 allows a holder of restricted[And Control --TGP] stock to resell such stock upon the expiration of a one-year holding period. Until February of 1997, the holding period was two years. The foundational principle underlying 144's holding period is that securities acquired and held for one year were most likely purchased with investment intent and not with a "view towards distribution." The holding period begins upon the "date of acquisition of the securities." Securities are deemed acquired when the full purchase price or other consideration is paid. Securities issued, but not fully paid, do not start the 144 holding period until full payment is made.

The soonest he can sell, IMO, is November 23.

Any other opinions out there?

-tgp
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