Mr Silvers,
One of us doesn't know what he is talking about, of that, we can both be assured. Here's my side.
According to the SEC, an inside trader commits a crime if the information results in either (1) illegal gains or (2) losses avoided. It doesn't say anything, NADA, about loosing money on inside information. By definition, an inside trade must include the above two characteristics... or it's NOT considered an inside trade.
Now I realize this may be too simplistic for many to comprehend so I have addressed your concerns to the SEC and NASD. Upon receipt of their response I will post their words verbatim right here on The Saint thread.
Now, if you are wrong I expect you to leave The Saint alone forever. If you are right, then The Saint must quit posting inside information/rumors on this thread for the next 20 years ;-)
And while we are waiting for the official word, why don't you spend your time in a more suitable manner by going after the real insiders who propelled the stock up today on no, NADA, news.
I'm right behind you Saint (about 50 feet),
WFS
PS. You have always seemed to me to be polite and gracious for the most part. Implying stupidity or ignorance, such as, "W.F. You dont know what you are talking about", has lowered my opinion of you a few notches. IMO, a better response would have been, "W.F. I believe you are mistaken...". |
