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To: Scoobah who wrote (49)4/15/1999 11:09:00 AM
From: The Street  Read Replies (1) | Respond to of 395
 
Maybe you should tell Edgar they have it all confused too....

From edgar-online.com

Definition of Form 144 and Its Use
This form must be filed by "insiders" prior to their intended sale of restricted stock (issued stock currently unregistered with the SEC). Filing this form results in each seller receiving an automatic exemption from SEC registration requirements for this one transaction. A Form 144 is NOT an EDGAR electronic filing; each 144 is filed by the seller in paper during the day at the SEC. EDGAR Online adds all of the current day's 144 paper filings to our electronic database at the END of each business day.

The value of the EDGAR Online end-of-day listing of 144s is that the first notification of a 144 filing sometimes is the precursor of other 144 filings. 144 sales frequently come in clusters caused by events such as the end of a "lock-up" period or stock options being exercised and can be used to successfully project the onset of increased "sell side" activity in the stock of the target company.

Other uses of 144s include targeting individuals who will be coming into money and may wish to deploy such funds. Thus this timely information is the source of myriad business intelligence uses.




To: Scoobah who wrote (49)4/15/1999 11:21:00 AM
From: Sarkie  Read Replies (1) | Respond to of 395
 
Come on Steve! You have turned this thread into your personal soapbox. Perhaps you should start your own thread which deals with only this subject. You might get 2% to agree with you.