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To: Carl Yee who wrote (718)	7/29/1998 1:04:00 AM
From: Smilodon	Read Replies (1) of 3015

Insiders usually can't sell until after the earnings release. The company is in their quiet period and insiders are usually barred from selling as that would be seen as insider trading, since the company should already know its quarterly results. Technically, if an outside board member had not been briefed on the quarterly results, he could sell. But as a matter of course, most, if not all, companies impose a trade restriction for all insiders during the quiet to avoid the appearance of impropriety. Corporate officers and executives are definitely barred from trading during this time. The stock may very well trade off in anticipation, but the supply will not hit the market for a few weeks. Regards, Archer

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