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Friday, July 13, 2012 11:33:49 AM
The logic is that a private transaction, by not being on the open market, should have no influence on the day to day trading activity and therefore would grant no advantage to the participants who would be presumed to be an informed buyer and seller acting apart from the general market.
All truth passes through three stages. First, it is ridiculed. Second, it is violently opposed. Third, it is accepted as being self-evident. - Arthur Schopenhauer (1788-1860)
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