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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (50746)	3/8/1999 6:36:00 PM
From: Knighty Tin	Respond to of 132070

Tip, That used to be illegal and was called trading on inside information. I have no idea when it became legal to scam the public and help your friends make money. MB

To: yard_man who wrote (50746)	3/8/1999 8:08:00 PM
From: IceShark	Read Replies (1) \| Respond to of 132070

7. "Last week, Compaq's chief financial officer told a select group of institutional investors that demand for its PCs had slowed substantially. The stock, not surprisingly, was crushed the next day, although I think it's safe to assume the institutional investors got out first. Incredibly, a Compaq spokesman defended what the CFO did by saying that the disclosure didn't constitute 'material information.' Oh, sure. All those investors went running for the door yelling 'Sell!' because the news was 'immaterial information.'" When is the limp wristed SEC ever going to start kicking ass and lopping heads off? I've always thought plaintiff securities lawyers were a bit lower than snake slime, but maybe that is what it takes.