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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony,

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To: Patchie who wrote (99479)5/16/2007 3:42:13 PM
From: StockDung  Read Replies (1) of 122087
 
PATCHIE, JUDD BAGLEY ACCUSED CRAMER OF COMMITING FRAUD BECAUSE OF INSIDER TRADING.

HE SHOULD CHECK HIS FACTS AS I DID.

By: De Daumier-Smith Send PM Profile Ignore Recommend Add To Favorites
Posted as a reply to msg 7237 by FlyonWall

Re: Smith, Re: Anybody want to talk about SEC subpoena response ethics?
Hey FloydonWall,

It helps if you read the actual post.

The 10b5-1 plan, apparently hastily written and signed in the hours after Cramer and TSCM got their subpoena, calls for Cramer to sell 12,500 shares per month for a year...150,000 total. If he were operating by the plan, he would have sold 12,500 in 2/06.

Instead, Cramer sold 112,500 shares in 2/06, and only then did Cramer tell his shareholders about the subpoena.

After 12 months he had sold multiple hundreds of thousands of shares, and in what you can hardly call an "orderly" manner.

This was a fraud committed upon the shareholders of TSCM.

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