Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : TAVA Technologies (TAVA-NASDAQ) -- Ignore unavailable to you. Want to Upgrade?

To: Rob L. who wrote (5442)	11/5/1997 9:10:00 AM
From: DAN WONG	Read Replies (2) \| Respond to of 31646

To All: Up-dated of Asia Market. Japan 16448.05 -52.05 03:08 Hong Kong 10681.75 -99.03 04:50 Indonesia 494.84 -2.46 04Nov Israel 269.92 +0.76 04Nov Malaysia 733.76 +7.82 04:50 Philippines 1900.67 +19.53 00:04 Singapore 1700.02 -11.74 04:50 Taiwan 7864.20 +78.90 00:04 Thailand 487.11 +8.78 04:50

To: Rob L. who wrote (5442)	11/5/1997 9:31:00 PM
From: David	Respond to of 31646

Rob, Just to clarify this issue, the insider trading policy of companies varies immensely and can go from no sales one week either side of a press release to two months before etc etc. However, it is just that, an internal policy.Obviously insiders have to be careful of not falling fowl of the SEC by trading when they have info that is not out in the market place and that is the reason for internal policies. The only restrictions on 144 sales are really volume related and only allow for a max of 1% of the companies stock to be sold by an insider in a given quarter (there are some other rules as well of course). It would be interesting to find out what their policy is, although I wouldn't get too concerned about insider selling - from personal experience I know that watching your net worth suddenly go dramatically up makes you want to free some of it for other projects. With regards to filing, I believe there is a web site which shows 144 filings (I can't recall the address though, but it may be called "Insider Trading"). Filing a 144 means that you are allowed to sell not that you have and each filing lasts for a quarter; if a sale is made you must then file it and that will appear on Edgar (I think its a Form 5 or 4); once your quarter runs out, if the shares have not been sold and you still think you may sell them you have to file another 144 so, there is an obvious danger that people can double count insider sales if they look at 144 filings rather than actual sales. Best regards, David