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Biotech / Medical : Imclone systems (IMCL) -- Ignore unavailable to you. Want to Upgrade?

To: RCMac who wrote (1755)	12/30/2001 6:22:17 PM
From: aknahow	Respond to of 2515

I am obviously not a lawyer. but to have inside information is not in any way illegal. To trade on it is a violation of securities laws. But if the information is disclosed to the world, properly or improperly, an then traded on, was it still inside information at the time of the trades? Monday when the market opens what advantage does the person who revealed this information to everyone have over you or I, assuming the information is correct? Obviously we don't know if the information is correct or not. I agree with you on this part: "unlike the corporation -- has no right unilaterally to make the info public, and he apparently breached his obligations to the corporation in doing so."