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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: tyc:> who wrote (6540)	7/7/2002 5:55:18 PM
From: Enigma	Read Replies (1) \| Respond to of 33421

It's a very difficult question because there's almost always some news or other which could be construed as important. In Canada (at least historically) the employee's benefit (difference between market value and strike price at date of exercising) has been taxed as income, so the employee had been pretty well forced to sell on the date of exercising lest the stock falls and he is left with no cash to pay the tax. On the other hand this offers a defense against the accusation of insider trading (selling) if you get my drift?