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To: Barry Grossman who wrote (5767)	7/17/1998 3:47:00 PM
From: Scott Maxwell	Read Replies (1) \| Respond to of 93625

> How long is the insider sales window? > What are the considerations for determining this window? Three days after earnings to about a month before next earnings, assuming no significant corporate developments. The concept prohibits insiders from selling when they might have some knowledge (like some idea of upcoming earnings) not available to the general public. The reports of insider activity are due 10 days after the end of each month. How quickly you get them thereafter depends on your data provider. I don't expect any unusual level of sales activity based on what I've heard from the brokers, and the start of a window is often the weakest period for any recent IPO's stock price, thus my comment that today is _probably_ a favorable time to buy. When you add the options expiration activity, you have a very atypical day.