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Post# of 432962
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plumear

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plumear

Re: loophole73 post# 1818

Friday, 01/10/2003 5:56:33 AM

Friday, January 10, 2003 5:56:33 AM

Post# of 432962
Loop, This conversation about insuder sales is very interesting. you guys keep it up.

Question: If an insider had "timed" his sale to take advantage of when he speculated a settlement would occur and then later changed his mind because it turned out his timing was incorrect, wouldn't he be guilty of trading on insider information? It seems it would totally negate the purpose of the 10b-5 plan the company had in place. It seems like this is different than the case of the CEO that abandoned the plan to satisfy shareholders.

Please don't think I'm being argumentative. I want you to know that of all the IDCC posters, you IMO, have been almost invariably right on. Your analysis of the subjects you post on are both insiteful and brilliant.

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