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.

Microcap & Penny Stocks : ICVI (now MTEI) -- Ignore unavailable to you. Want to Upgrade?

To: Janice Shell who wrote (5207)	5/31/1998 1:04:00 PM
From: Moonglow	Read Replies (2) \| Respond to of 11850

Thanks for the example.....but then what about the company who recently came out with really good news (and I can't remember the name of the company either) and it turns out that word of the good news was already all over the Internet even to the details as to the dollar amount. I guess that was insider info....but are all the people who bought the stock because of it at risk in going to jail? I don't think so. In your example, it seems to me as though those people got into trouble because they profited from the info that they had which they KNEW TO BE TRUE! But what about the college son's friends? Suppose one of them had told his Mom and she bought and sold. She would have no way of knowing FOR SURE if the info was true or not. She would just have been reacting to "what she had heard" even if it turned out later to truly be inside info. One thing I know for sure....no agency anywhere will EVER be able to stop people from talking. Here's an unrelated case in point about "things heard." Even back in the early 1970's, I had heard that Rock Hudson liked other men. I heard it from enough sources that I figured it was true. I had no way of knowing for SURE if it was true, but if Rock had been a stock, I would have based my decisions on what I was hearing. I think maybe, possibly that is the difference. We all read Jim's account from AOL about the conversation on the plane. Well, I, for one, happen to believe it, because I've had some mighty interesting conversations with people on planes...and I have learned A LOT from those conversations. But just because I believe it, doesn't necessarily mean that it is true. And yet, if I decide to increase my ICVI position because of it, am I guilty of trading on insider info? Somehow, once again, I don't think so. Juanita