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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Dave Gore who wrote (24570)	1/25/2002 10:38:25 AM
From: Softechie	Read Replies (3) \| Respond to of 99280

IMCL 9:12 (Dow Jones) Imclone Systems (IMCL) said the majority of CEO Samuel Waksal's stake in the company was sold to cover margin calls on his personal account. On Jan. 18, Bank of America sold 2.6 million Imclone common shares and UBS PaineWebber sold 213,000 shares, reducing Waksal's beneficial ownership in the company to 582,000 common shares. Bank of America also sold 72,754 Imclone shares owned by COO Harlan Waksal to cover margin calls on his personal account. After the sale, Harlan Waksal beneficially owned 3.1 million Imclone shares. The stock closed at $73.83 on DEC. 5, 2001, and $19.58 Thursday. (RG) Margin call??? Are these guys daytraders???