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To: Chris who wrote (22649)	4/6/2000 4:15:00 PM
From: OX	Respond to of 42787

from what I know... it depends whether it's just a major holder (5%+) or an officer/board member. officers/boardmembers are restricted when they can sell. for both, they have to file form 144. once filed they can sell the same day or not at all. not sure of the duration of the 144 filing. probably take a look at the SEC regs.

To: Chris who wrote (22649)	4/6/2000 11:49:00 PM
From: SnowShredder	Read Replies (1) \| Respond to of 42787

Hi Chris, I really enjoy your views on the market...Thanks... I got this from a friend... >>>The SEC requires listed companies to report transactions of "insiders", directors, key officers, and large holders of stock (above a certain %) each month. Some of the companies have "trading" windows that the "insiders" and buy or sell shares. There is also a limit as to the amount of shares that insider can trade during the window. These companies must send a report to the SEC each month regarding the holdings of these individuals (rule 144). An insider cannot trade on non-public information that may have an effect on the price of the shares. Hope this answers your questions.<<< I dug this up about rule 144... The seller must file a notice of intention to sell with the SEC & act within 90 days of filing. This requirement doesn't apply if the transaciton involves <500 shares or does not exceed $10,000. He or she must own the securities for @ least 2 yrs (fully paid). A seller may sell only 1% of the total # of shares outstanding or an amount equal to the weekly average # of shares sold for the 4 weeks prior to the SEC filing, whichever is greater...A sale may only be made once in a 3 month period. I hope this helps...Best of luck, Where'd He Go?