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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (8771)	6/28/1999 6:30:00 PM
From: Rande Is	Read Replies (3) \| Respond to of 57584

XCR, be thankful you didn't trade on the info you received on Friday. To ALL: Technically, those receiving insider info on Friday. . . and traded options or took positions. . .BROKE THE LAW. Hello? SEC regs say that if we trade on info gathered from an insider. . .before it is made public by the company. . .we are breaking the law. Marshall Industries announced that they were being bought . . .this morning. . . .NOT on Friday. All these articles coming out by SEC, where they talk about cracking down on violators. . .could not come soon enough. Every time they make a bust . . . or as the head of the SEC puts it. . . "send in SWAT" . . .the playing field gets a bit more level. . .which is an advantage to us small time individual investors. READ THIS: sec.gov 1998, Donald Wohl, then a Koo Koo Roo director, learned that the company planned to appoint Lee Iacocca as acting chairman of the board. Wohl used that nonpublic information to purchase 50,000 Koo Koo Roo shares for the accounts of three family members and two business associates, ultimately realizing $65,000 in insider trading profits. Wohl faces up to 10 years of imprisonment and a fine of $1,000,000 if convicted on the criminal charges. Somehow I cannot see how a lousy 65k could be in any way worth 10 years of one's life spent behind bars, if convicted. We have proven that we make higher percentages than perhaps anyone on the net. . . by position, swing and day trading . . and shifting to whatever is working. . . .yet we do not trade on insider info. . . we merely predict the future. BIG difference in the eyes of the law. Rande Is