Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : ECEC (formerly USSP) -- Ignore unavailable to you. Want to Upgrade?

To: Stuart Cole who wrote (172)	4/15/1999 4:04:00 AM
From: mchip	Respond to of 361

The 144 myth! <<Remember before an insider can sell restricted shares he/she must first file the intent.>> True but all the insiders' broker needs is a signed PAPER form 144 to sell. Please don't think that you will see ANY record of this form for a week or two. Read that as they could have sold up to 2 weeks before you even see the 144. <<This in no way indicates that the shares were sold.>> True. A 144 is a registration to sell, not that they were sold, but realize that they could have been sold before you even see the 144! Look closely at insidertrader.com and match 144's to the actual sales for other companies(which will show up a month or two later on form 4's). You can see sales that took place a week or two before the 144 date by matching the shares and sellers. The internet is great for information but don't fall for the 144 myth! There is no requirement for 144's to be filed electronically, only that the seller's broker has a signed 144 in hand and not in a blackout period to make the trade.