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

To: Miljenko Zuanic who wrote (1898)	1/25/2002 9:07:57 AM
From: Arthur Radley	Read Replies (3) \| Respond to of 2515

Miljenko, You wrote.."Isn’t this FRAUD, selling on inside knowledge, regardless from who and for what money is needed?????" If you are taking friendly suggestions, may I offer a suggestion that you devote some time to understanding what FRAUD is and what inside information is for publicly owned companies. For you to imply fraud and in sider activity it absurd. For you to imply that they were acting on insider information...must mean that the CEO is as detached from reality as you are. Miljenko....Miljenko...if one knows anything about biotech companies, that is that stock offering are always the first course of action to obtain funds. And just for your knowledge, I have TWO analyst reports on BTRN and in each they talk about the FACT that BTRN will probably have TWO stock offerings in the future(One being already announced after these reports were issued). So please tell me how this should be construed as trading on insider information when it has and is being openly discussed in an open forum. Miljenko..another friendly suggestion...devote less time to your efforts to develope your arrogances and more time to not posting drivel and miss leading and erroneous information. And Miljenko..invest in those biotechs that don't offer secondary stock offers and guess what...you won't be investing in ANY biotechs. Now have a good day...and look up the meaning of FRAUD!

To: Miljenko Zuanic who wrote (1898)	1/25/2002 12:35:46 PM
From: Madharry	Read Replies (1) \| Respond to of 2515

The sad truth is that the insider trading rules are only enforced to prevent non-legitamate insiders from making windfalls like outside attorneys, printers, and the like. It is routine to see massive insider selling a month before poor earning results occurs, and massive exercising of opitions just before a merger or buyout is announced. Not once have I heard of the SEC being involved. In fact there is cottage industry in the private banking areas of investment banks offering CEOs and the like ways of protecting their new found wealth without having to disclose insider sales. That is why after the ipo they can hardly wait until puts and calls are offered on the exchange.