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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (15961)	12/6/1998 8:22:00 PM
From: Roger A. Babb	Read Replies (2) \| Respond to of 18691

xcr600, there is no prohibition against company press releases during the "quiet period".

To: xcr600 who wrote (15961)	12/8/1998 3:10:00 PM
From: BelowTheCrowd	Respond to of 18691

xcr600, In general, press releases may occur at any time. I believe company policies vary somewhat, but the general rule always holds: If you have material information which is not public and which may impact stock prices, you cannot buy or sell the stock. So if you're in the process of drafting a press release about something important, you can't sell. Most companies have pretty tight rules on selling by "important" insiders which go far beyond the "quiet period" rules. Usually there's only a small window of opportunity, and usually the person has to decide to buy or sell ("place the order") well in advance. mg