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

To: Eggolas Moria who wrote (55526)	4/10/1999 8:59:00 PM
From: Earlie	Respond to of 132070

Gary: You are correct, that there is no requirement. On the other hand, whenever there has been heavy insider selling AND lousy follow-on warnings, the class action boys view it as a slam-dunk, and the companies always settle on the court house stairs rather than be called to testify as to why they decided to sell a couple of million shares just before the company reported crummy numbers. Even the judges understand the concept of "lag" with respect to released numbers. When the insider selling has been heavy, it is in a company's best interest to warn, but some (like Intel) decide to give their executives selling room right down to the wire. Dangerous, but greed is a powerful emotion. Best, Earlie