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Non-Tech : Market Makers - What They Do and How They Do It -- Ignore unavailable to you. Want to Upgrade?

To: Fundamentls who wrote (390)	8/28/2000 10:05:36 PM
From: Savant	Read Replies (1) \| Respond to of 429

Right you are, I was being lazy, and didn't look it up. It would make too much sense for the numbers to match..and we couldn't have that. LOL. Thanks for taking the time to The best I remember, you are correct in that they have until the 10th of the following month to reveal their actual sale. The fact that the filings are paper first, does give the edge to those with access to the initial filings. For long term investing, in main stream companies, and during normal times, a fifteen minute or 30 day advantage in viewing the insider reports, probably doesn't make much difference and the system works fairly well. The matter of the delayed 8-Ks is quite another thing. Since the advent of a larger number of traders and extremely high valuations, I feel there is a distinct advantage to knowing any part of the future, or of the past, ahead of others. Those that use that advantage make a large amount of money. I feel we should all have a level field and have that same opportunity...whether we use it or not. The rule 144 limitations are many, complicated, and interesting. I wonder if anyone actually does the oversight on all of them. The SEC is under staffed and under funded. They have a tough job, with insufficient resources. I look forward to the day of all electronic filing, with equal access. I also look forward to the possibility of equal trading rights with/against the MMs. (I'm not holding my breath.) Best, S.