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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Puck who wrote (53233)	3/17/2000 2:44:00 AM
From: LPS5	Respond to of 122087

Puck, I'm familiar with the lock-ups. There was a time when 180 days was de rigeur, and now I've heard of 90 or even 30 day lock-ups, in some cases. Insiders are not permitted to sell stock in their company short - period. In addition, they are not permitted to make "short swing" trades, or long transactions of a period of less than six months. With regard to your question about shorting stock and covering it with shares that are freed after a lock-up, that issue is specifically identified and prohibited in Rule 10b-21, "Short selling in connection with a public offering." However, there are always those folks who'll seek out (and some will even find) loopholes to circumvent even the most vigilantly observed securities laws and regulatory measures. Also bear in mind that the definition of a corporate "insider" is fairly specific. LPS5