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Technology Stocks : The New QLogic (ANCR) -- Ignore unavailable to you. Want to Upgrade?

To: Jay Quinty who wrote (12146)	11/2/1997 5:35:00 AM
From: GuinnessGuy	Respond to of 29386

Jay, "How long after they buy does it get reported?" Here's what I think that I know.-g- The company insiders are supposed to promptly report their sales/purchases to the CFO or treasurer(not sure) such that a report(form 4 for registered shares, form 144 for unregistered shares) of the sale/purchase can be filed with the SEC on the 10th of each month. A good site for perusing insider trading activity is: insidertrader.com And a anecdotal article about an insider's experience trying to buy/sell his former company's stock/options: "Insiders usually do no trades in month 1 and month 3 of a quarter for the following reasons. (This leaves insiders just 4 months per year.) During month 1, no trades are permitted until the quarterly report appears, plus a few days for market to digest the results. Theoretically, by the beginning of month 3 you know how the quarter will be. This may be actually true in some businesses, but not others. In some parts of the computer business, an awful lot of business is booked during month 3, and shipped in the last 2 weeks, so people quite often have no idea at this time whether they'll make the numbers or not. This is especially true for high-end machines (like supercomputers, where pure-supercomputer companies have occasionally had crazed fluctuations because some $20M machine got held up a week). Right now, the government shutdown and its effects on buying and export licenses is a bit strange. Similar weirdnesses go on, for example, in some retail businesses, where the Christmas season is crucial." cis.ohio-state.edu Regards...Craig