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Technology Stocks : Nam Tai Elec. (NTAI) -- Ignore unavailable to you. Want to Upgrade?

To: kolo55 who wrote (1416)	5/6/1998 2:51:00 PM
From: John Gault	Respond to of 1696

I'm not a lawyer but my understanding of rule 144 sets forth guidelines for company insiders to sell personal stock. However, it doesn't, in any way, allow them to sell stock based on material information that only an insider would know. ie. according to rule 144 an insider can't know that they just finished one of the worst quarters in their history and dump 560,000 shares. Beyond that, the purchase of 250,000 shares before he sold could certainly be looked at as bidding the stock price up. For the purpose of selling his stock? I'll let the SEC figure that out. BTW. I will be asking the SEC to investigate this.