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Biotech / Medical : Pluvia vs. Westergaard

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To: Noneyet who wrote (1066)9/5/1997 11:09:00 AM
From: Wendell Holmes   of 1267
 
Tom, good points about Nasdaq. This is merely another service of the NASD to try to stem defections to the NYSE, where volume only gets reported once, and buyers and sellers meet to eliminate the middleman. Even there, though, the same deal with insider dope goes on. How many times has the SEC announced that they were "investigating" suspicious volume increases in options of companies prior to announcement of a merger? How many times do they ever follow up with an annoucement of prosecution of the guilty parties. In Hong Kong, it's considered bad form to get inside dope and not act on it. Why else would you cultivate the contacts, work so hard. Here it's bad form to act on it unless you publicly denounce those who do it first.
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