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Strategies & Market Trends : Take the Money and Run -- Ignore unavailable to you. Want to Upgrade?

To: Alan Smithee who wrote (15752)	8/21/2002 7:40:10 PM
From: MulhollandDrive	Read Replies (1) \| Respond to of 17639

>>The suit alleges that Ms. Stewart and her associates sold their shares for $79 million with knowledge "of the fact that Stewart was secretly being investigated for insider trading and that this would severely damage Stewart's image, the company' s most precious asset.'' Martha Stewart Living shares have plunged following revelations in June that prosecutors were questioning Ms. Stewart in connection with possible insider trading in ImClone shares.<< IMO, this could be much, much more worse for Martha than the investigation over the measly few shares of IMCL that she dumped. she certainly had material information about issues that would have a profound negative effect on the stock price. isn't this what the furor is about wrt the execs at the enrons and the wcoms ??

To: Alan Smithee who wrote (15752)	8/21/2002 7:43:24 PM
From: Lizzie Tudor	Read Replies (2) \| Respond to of 17639

The suit, seeking class-action status, was filed by New York law firm Milberg Weiss Bershad Hynes & Lerach LLP on behalf of purchasers of the securities of Martha Stewart Living between Jan. 8, 2002 and July 24, 2002. The suit alleges that Ms. Stewart and her associates sold their shares for $79 million with knowledge "of the fact that Stewart was secretly being investigated for insider trading and that this would severely damage Stewart's image, the company' s most precious asset.'' Thats going to be hard to prove though... because the whole mkt was in freefall at the time and it was prudent to sell. Martha and Waksal are toast just because they are amusing to watch too, which is unfortunate (for them). Winnick of Global Crossing was such a worse offender but not much coverage for him. Waksal's kindof a hoot. L