|
PureBytes Links
Trading Reference Links
|
Ron Augustine wrote:
> Jim,
>
> If you can't see the difference between a "securities analyst" and some
> unconnected individual who is expressing an opinion based on personal
> experience, there's not much hope for a logical discussion.
Now,now--let's not get demeaning.
> Under your analogy, all of the "analysts" and stock-pickers on CNBC must be
> escorted right from the TV studio to the paddy wagon to be carted off to
> jail and wait for their ill-begotten profits to accrue...
Obviously, all of the "analysts" and stock pickers on CNBC are just guessing. These
are just opinions. But if it could be proven that any of them were abusing inside
information, action would be taken - - as in Dan Dorfman.
> "favorable information which will be released to the general public in three
> weeks" could be the fact that the product actually does what it was designed
> to do!
If the doctor knows it (ie clinical trials) and the public does *not* -- he's an
insider !
> Or, to use the IBM-PC analogy, Intel is coming out with a new CPU
> that will quadruple the current speed of any PC just by plugging it into the
> old CPU slot --
--and if that is true and you know it and the general public does not -- you are an
insider.
> Jim
> _______________________________________
> At 12:02 PM 10/13/1999 -0700, you wrote:
> >Ron
> >
> >Welcome to the busy-body club. You are apparently under the impression that
> >"insider information" originates only from employees of a company. Wrong !
> Look at
> >the original Equity Funding case which precipitated the insider trading
> laws. The
> >insider in that case was a securities analyst.
> >
> >Of course you are right in your IBM PC analogy. Bad analogy ! Add to it
> that you
> >*do* have favorible information which will be released to the general public in
> >three weeks and you offer this pending event as an inducement to buy the
> stock and
> >you could be in trouble.
> >
> >Jim
> >______________
> >Ron Augustine wrote:
> >
> >>
> >> No, I think you and a few other busy-bodies missed the point -- the Doctor
> >> said "I'm just a doctor who has had phenomenal results with the product" --
> >> There is no hint of "inside information", nor is the Doctor affiliated with
> >> the company.
> >>
> >> If I tell you that I have had phenomenal results with an IBM PC and you
> >> decide to buy IBM Stock, do we both go to jail? -- Get Real!!!
> >> _______________________________________
> >
> >
|