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To: Joseph G. who wrote (3074)	7/19/1998 10:20:00 AM
From: IceShark	Read Replies (2) \| Respond to of 86076

Joe, Insider can sell stock if it is registered, which can be done relatively fast, so long as the Co. does not object if they have restricted stock. That is not what I was thinking about. I seem to remember some obscure SEC reg. that restricted the amount of stock any particular insider could sell per year to X% (I want to say 1%) of outstanding shares. You almost never run into it except for the key guys that were there at startup of the company. There were a bunch of escape hatches - like if you died your estate could dump it. -g- In any event, it doesn't seem like this is applicable. But shorting these two is really playing with fire, given the high profile and fact that money keeps flooding into the high profile liquid names. Weren't some talking heads complaining that AT&T was ripping off people by pricing LU too high? I forget how that worked but I don't think they just issued shares to existing shareholders and let the market decide value. Boy, did I really miss the boat last week on OIL. I was looking at it as a long but could smell the rotting fish, and almost decided to get some cheap puts. Operative word is almost. Well, at least I didn't go long. -vbg- You should have seen the YHOO message board on that one - I think most of those posters should check themselves into the local nut house. Regards, DWW