BJ's Restaurants Inc. Message Board

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Non-Tech : BJ's Restaurants Inc.

BJRI 37.24

+1.3%

Nov 13 3:59 PM EST

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To: Wowzer who wrote (58)	11/13/1997 5:47:00 PM
From: Walker	Read Replies (2) of 865

Aren't insiders prohibited from trading prior to the release of earnings? In theory. Tell that to Mike Cowpland, CEO of Corel. He sold $20 mil worth of COS (Vancouver - COSFF on NASDAQ) just weeks before reporting a disastrous quarter. I've been trading long enough to know that stocks move prior to public release of news. I am more curious of who purchased the shares. Since the price was so low, the shares may have been sold at the market. If so, the market maker may be stuck with a large inventory tonight. That could mean a fire sale on the shares tomorrow morning. Walker

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