Ciena (CIEN) Message Board

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Technology Stocks : Ciena (CIEN)

CIEN 230.45

+9.4%

Dec 19 4:00 PM EST

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To: sam who wrote (4831)	11/1/1998 9:03:00 PM
From: uptick	Read Replies (1) of 12623

Insider trading law is an interesting topic but not relevant to a CIEN board. Briefly, it prohibits insiders such as company's officials, bankers, printers to trade or tip such info. Is it illegal? Yes. Can it be done? From what i've seen...Yes. It all depends on who's doing what, when, and how. It's more about market efficiency and less about whether the SEC's doing its job. Ever notice the call options volume before BP-Amoco? Freddy Myer-Kroger? Daimler Chrysler? With tough insider trading laws, shouldn't they be pretty flat? There's been alot of activity in CIEN's nov calls, but it's more due to people coat-tailing contract/merger rumours. options.marketwatch.com

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