Interesting that Liviakis and Barker bought shares Jan 4 and 5, just
before Liviakis' January 7 news release, the one that began:
DATA RACE Announces Breakthrough Modem Technology for Windows CE-Based Devices
PR Newswire, Thursday, January 07, 1999 at 05:18
LAS VEGAS, Jan. 7 /PRNewswire/ -- DATA RACE (NASDAQ:RACE) today announced
that the Company is currently working on a CF-II form factor version of the
Lamprey Low Power Modem. The Lamprey is a technological breakthrough for
Handheld PCs. DATA RACE is currently working with a major modem chip
manufacturer
Now look at the daily prices:
12/31/98 3.093 3.375 3.000 3.375 352,100
01/04/99 3.250 3.500 3.187 3.437 280,300 <- Liviakis buys 53k, Barker 44 k
01/05/99 3.500 3.718 3.312 3.500 291,700 <- Liviakis buy 20k
01/06/99 3.656 4.000 3.625 4.000 832,400 <- volume increase
01/07/99 4.250 6.312 3.937 5.250 2,853,300 <- Liviakis issues news release, stock soars
01/08/99 5.812 6.218 5.625 5.937 2,124,500
01/11/99 6.187 8.625 6.125 8.500 2,253,400
01/12/99 8.875 9.375 6.875 8.125 1,875,400
01/13/99 6.625 8.468 6.312 8.000 1,416,900
01/14/99 7.750 8.000 7.250 7.437 872,900
01/15/99 7.562 8.750 7.437 8.750 1,033,100
01/19/99 9.062 9.375 8.687 9.000 1,261,900
Hey, these guys weren't trading based on privileged inside information,
such as when a news release they were about to put out, were they?
Nah, they wouldn't do that ...
Since they are such good guys, they won't sell in the future just
before a negative news release will they?
Nah, they wouldn't do that ... |
