Ice, if IOM goes up in a rather unusual manner tommorow, with
no apparent reason, NASDAQ will send out a web crawler to get
all the info on 'IOM', 'Iomega', 'Zip', 'Jaz', etc... potentially
tied in a Boolean search with 'earnings', 'new', 'confidential',
'secret' and any other handful of phrases that may help them
catch somebody who is trading on insider info. It will be very
much like a 'Yahoo' search.
The problem is that the search will return such a volume of
info that the statute of limitations would expire before they
made sense of it. The engine is designed to weed out much of
the garbage. Even if they can weed out 95% of what they get
back, 5% will still be staggering.
And if I'm the one guy who was the culprit, and I knew
they might be using this type of method, I would carefully
couch my phrases and words -- perhaps with aliases or clever
mis-spellings, so as to avoid this.
Geez, I think ole' Robert Skinner could slip past this without
even knowing what he was doing -- have you ever read his 'riteeng'?
The only way I would feel confident about its success is if
they specifically used his posts for the testbed (when he's
bullish -- he's much better as a bear for some reason).
-MrB |
