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Pastimes : Makin' money honey -- Ignore unavailable to you. Want to Upgrade?

To: sandintoes who wrote (2076)	2/24/2006 11:13:56 PM
From: stock leader	Read Replies (1) \| Respond to of 2260

i remember 1 stock insider trading scam a couple years back. It was a small software company in Calif. name of tcsi. tcsi had not shown a quarterly profit in over 4 years... but all of a sudden they showed a surprise quarterly profit in early quarter of 2002 and qrtly revenues hit year highs of about $4 mill. and the stock rose from .50 to .80 or 60% increase. on that earnings conf call management mentioned a stock buyback also and that they already were off to a great start on their next quarter. Surprisingly though, the stock mysteriously dumped off its .80 highs over the next few weeks after their surprising quarterly profit news. and fell back to .50 A large insider hoolder was suspiciously dumping all his shares during this time... very suspicious considering that (in all appearances) tcsi had amazingly turned the corner and management was 'very optimistic' going foward. Well 3 months after they reported their surprise profit, they reported earnings again and showed a huge plummet in revenues and a large loss. revs only came in at about 800k and were an all=time low for the company clearly the large holder in tsci was given insider info and management fluffed a quarter in order for him to be able to dump out his large position at inflated prices. just another case of insider trading fraud and goes unchecked by SEC