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Re: None

Wednesday, 06/22/2005 12:14:00 PM

Wednesday, June 22, 2005 12:14:00 PM

Post# of 173788
Insider trading: Observation and drawing conclusion on the observation is not insider trading..

For example if you see MCI Ceo and Verizon Ceo in the restaurant (public) shake hands together with a smile (or even if they mention the merger dealand you overheard them) then you conclude that they are doing merger then you buy the stock , that is ok IMO..

or if you are already making research and plan to buy (if you can prove it) and just one more piece of info (and you are just drawing conclusion and not insider tips), I think that's legal.. I don't remember what it is called.. I think something like jigsaw/puzzle effect...

bottom line is if you got a tip from other people then be careful... it's not worth it.. look at martha... though she is more popular now and make more money on books and tv series I bet she doesn't want to go to jail if she has the option to choose... Jail is not a fun place.. it would be intersting to se ehow many % of these insider traders who get caught?

anyone ever heard the statistics? is it 50%? 25%? 10%?
maybe it's low since people keep doing it..

JMHO

Stan

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