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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?


To: Mighty_Mezz who wrote (1310)6/29/1998 11:46:00 AM
From: Cosmo Daisey  Respond to of 4634
 
Dave,
How about insiders friends, family, other employees that are not technically insiders?
CD



To: Mighty_Mezz who wrote (1310)6/29/1998 11:54:00 AM
From: CalculatedRisk  Respond to of 4634
 
David, re:insiders. They are legally allowed to trade at any time (The SEC does not regulate when insiders can trade). However most companies restrict insider trading to certain periods, usually starting 3 days after earnings are released, and concluding the last day preceding the final month of the quarter. Or inversely, the "blackout" period starts on the first day of the final month (June 1st for TAVA) and continues until 3 days after earnings are released.

There are numerous examples of insiders trading in the so called "blackout" period. This usually indicates a company with poor internal controls ... like ACLY for example!
Regards, Bill