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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (7584)	4/22/1998 7:59:00 PM
From: CalculatedRisk	Respond to of 18691

Bob, thanks for the response. The blackout periods are determined by the Company (not the SEC), but there is a guideline (that I cannot find). Most companies use the same period: No selling during the last month of the fiscal quarter until three days after results are announced. Maybe this is just accepted practice. I have found that companies violating this guideline tend (not always) to be good short candidates. Recent examples are ACLY (CEO/CFO) and TAVA (CFO). IMO, this is an example of poor internal controls. Regards, Bill