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To: Walker who wrote (59)	11/13/1997 6:25:00 PM
From: jcashin	Read Replies (3) \| Respond to of 865

Does anyone know where earnings came in at? How about revenues etc.?

To: Walker who wrote (59)	11/13/1997 8:15:00 PM
From: Wowzer	Respond to of 865

Aren't insiders prohibited from trading prior to the release of earnings? <<In theory. Tell that to Mike Cowpland, CEO of Corel. He sold $20 mil worth of COS (Vancouver - COSFF on NASDAQ) just weeks before reporting a disastrous quarter. I've been trading long enough to know that stocks move prior to public release of news.>> That was weeks not a day (15 minutes prior to close), when insiders know exactly what earnings are. The two main insiders are the CEO and CFO each owning 10% or more. I have very high confidence in them, didn't confirm, but they didn't sell. <<Since the price was so low, the shares may have been sold at the market. If so, the market maker may be stuck with a large inventory tonight. That could mean a fire sale on the shares tomorrow morning.>> This wasn't a market transaction it was "off the books" since the bid never dropped to 1 9/16 or even close. The transaction was most likely institution to institution. If that was a sale at market you would have never got out at 1 15/16. My opinion only, Rory