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Re: IL Padrino post# 2320

Thursday, 03/03/2005 1:02:19 PM

Thursday, March 03, 2005 1:02:19 PM

Post# of 36792
Il Padrino, you have no worry about inside information. Even Martha Stewart was not prosecuted for insider trading. She was prosecuted for lying to the feds, since they had no case against her for insider trading. Insider trading applies only to those in the company who trade from the knowledge they have as "insiders", hence the term "insider trading." Also, I always wondered why you didn't just call your father's friend's son yourself, no harm to you to get the info since that doesn't amount to insider trading if you gain the info and then trade based on that info. (If you father's friend's son traded on the info, that would be classical "insider trading.")GR