Science > Abortion > OT: With "Best Friends" Like THESE, Who Needs **Enemies?**
| Topic: |
Science > Abortion |
| User: |
"Craig Chilton" |
| Date: |
20 Feb 2004 07:53:56 AM |
| Object: |
OT: With "Best Friends" Like THESE, Who Needs **Enemies?** |
Just for the record, I've never been a fan of Martha Stewart.
She's always impressed me as being a pretty cold fish. But that's
only my personal opinion, and doesn't count for anything.
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
But all that having been said, just LOOK at what happened to
Martha Stewart yesterday! According to the media, her BEST
FRIEND voluntarily ratted her out in court!! After that, everyone
in the country must be wondering this morning how trustworthy
their friends really are. And what a shame THAT is!!
Her **BEST** friend?!?
<<< Sheeesh!!!! >>> With friends like THAT, Martha doesn't
need any enemies. She obviously has all she needs already.
-- Craig Chilton
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| User: "Light Templar" |
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| Title: Re: With "Best Friends" Like THESE, Who Needs **Enemies?** |
20 Feb 2004 04:46:46 PM |
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"Craig Chilton" <xanadu222@mchsi.com> wrote in message
news:40360d97.247946@netnews.mchsi.com...
Just for the record, I've never been a fan of Martha Stewart.
She's always impressed me as being a pretty cold fish. But that's
only my personal opinion, and doesn't count for anything.
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
Martha isn't currently being charged with insider trading. She has, thus
far, been charged with perjuring herself before a federal grand jury during
the investigation related to alleged insider trading.
Let's say I have a home. An electrician tells me that my wiring is
substandard and will cause a fire if I don't get it replaced. So, instead
of having it replaced, I sell the house without informing the new owner of
the fault wiring. Two months later, the house burns down.
This of course, is a way over simplified example, but it touches on the
issues involved in insider trading cases.
But all that having been said, just LOOK at what happened to
Martha Stewart yesterday! According to the media, her BEST
FRIEND voluntarily ratted her out in court!! After that, everyone
in the country must be wondering this morning how trustworthy
their friends really are. And what a shame THAT is!!
Her **BEST** friend?!?
If her best friend was called to testify, he/she had the choice of perjury,
or ratting Martha out.
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| User: "Craig Chilton" |
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| Title: Re: With "Best Friends" Like THESE, Who Needs **Enemies?** |
20 Feb 2004 07:30:04 PM |
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On Fri, 20 Feb 2004 22:46:46 GMT,
"Light Templar" wrote:
Craig Chilton < > wrote:
Just for the record, I've never been a fan of Martha Stewart.
She's always impressed me as being a pretty cold fish. But that's
only my personal opinion, and doesn't count for anything.
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
Martha isn't currently being charged with insider trading. She has,
thus far, been charged with perjuring herself before a federal grand
jury during the investigation related to alleged insider trading.
Let's say I have a home. An electrician tells me that my wiring is
substandard and will cause a fire if I don't get it replaced. So, instead
of having it replaced, I sell the house without informing the new owner
of the faulty wiring. Two months later, the house burns down.
This of course, is a way over simplified example, but it touches on
the issues involved in insider trading cases.
Yes, but in your example, you are proposing that relevant
information has been WITHHELD. What I see as absurd is
the notion that there's anything wrong with relevant information
being PROVIDED.
But all that having been said, just LOOK at what happened to
Martha Stewart yesterday! According to the media, her BEST
FRIEND voluntarily ratted her out in court!! After that, everyone
in the country must be wondering this morning how trustworthy
their friends really are. And what a shame THAT is!!
Her **BEST** friend?!?
If her best friend was called to testify, he/she had the
choice of perjury, or ratting Martha out.
A TRUE friend would have lied, rather than rat out a
best friend.
IF cornered.
But if she'd been SMART, she'd have simply said that
she could not *recall* any such converation... and gotten
them BOTH off the hook!
-- Craig Chilton
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| User: "Light Templar" |
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| Title: Re: With "Best Friends" Like THESE, Who Needs **Enemies?** |
20 Feb 2004 07:41:40 PM |
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"Craig Chilton" <> wrote in message
news:403ab1cc.38403829@netnews.mchsi.com...
On Fri, 20 Feb 2004 22:46:46 GMT,
"Light Templar" wrote:
Craig Chilton < > wrote:
Just for the record, I've never been a fan of Martha Stewart.
She's always impressed me as being a pretty cold fish. But that's
only my personal opinion, and doesn't count for anything.
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
Martha isn't currently being charged with insider trading. She has,
thus far, been charged with perjuring herself before a federal grand
jury during the investigation related to alleged insider trading.
Let's say I have a home. An electrician tells me that my wiring is
substandard and will cause a fire if I don't get it replaced. So,
instead
of having it replaced, I sell the house without informing the new owner
of the faulty wiring. Two months later, the house burns down.
This of course, is a way over simplified example, but it touches on
the issues involved in insider trading cases.
Yes, but in your example, you are proposing that relevant
information has been WITHHELD. What I see as absurd is
the notion that there's anything wrong with relevant information
being PROVIDED.
Relevant information was WITHHELD, to the person that Martha knowingly sold
her worthless stock to based on information that wasn't commonly available
to the general public, or even available and hard to come by information.
That is the harm where insider trading is concerned.
But all that having been said, just LOOK at what happened to
Martha Stewart yesterday! According to the media, her BEST
FRIEND voluntarily ratted her out in court!! After that, everyone
in the country must be wondering this morning how trustworthy
their friends really are. And what a shame THAT is!!
Her **BEST** friend?!?
If her best friend was called to testify, he/she had the
choice of perjury, or ratting Martha out.
A TRUE friend would have lied, rather than rat out a
best friend.
IF cornered.
If you were my best friend in all the world, and I was left to the choice of
a possibility of 10 years in a federal pen, and ratting out... well...
squeek, squeek bud!
But if she'd been SMART, she'd have simply said that
she could not *recall* any such converation... and gotten
them BOTH off the hook!
-- Craig Chilton
Could be, however it wouldn't necessarily saved her from a perjury charge.
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| User: "Ray Fischer" |
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| Title: Re: With "Best Friends" Like THESE, Who Needs **Enemies?** |
20 Feb 2004 10:56:40 PM |
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Craig Chilton <xanadu222@mchsi.com> wrote:
"Light Templar" wrote:
Craig Chilton <xanadu222@mchsi.com> wrote:
Just for the record, I've never been a fan of Martha Stewart.
She's always impressed me as being a pretty cold fish. But that's
only my personal opinion, and doesn't count for anything.
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
Martha isn't currently being charged with insider trading. She has,
thus far, been charged with perjuring herself before a federal grand
jury during the investigation related to alleged insider trading.
Let's say I have a home. An electrician tells me that my wiring is
substandard and will cause a fire if I don't get it replaced. So, instead
of having it replaced, I sell the house without informing the new owner
of the faulty wiring. Two months later, the house burns down.
This of course, is a way over simplified example, but it touches on
the issues involved in insider trading cases.
Yes, but in your example, you are proposing that relevant
information has been WITHHELD. What I see as absurd is
the notion that there's anything wrong with relevant information
being PROVIDED.
You sell 1000 shares of stock XYZ at $10/share. Insiders know about a
deal that will double the stock price in a couple days and buy the
shares from you.
3 days later the stock is at $18/share and you're out $8,000.
You don't see anything wrong with that?
--
Ray Fischer
rfischer@sonic.net
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| User: "Ray Fischer" |
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| Title: Re: OT: With "Best Friends" Like THESE, Who Needs **Enemies?** |
20 Feb 2004 12:38:36 PM |
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Craig Chilton <xanadu222@mchsi.com> wrote:
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
If insider trading was legal it would destroy the stock market.
--
Ray Fischer
rfischer@sonic.net
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| User: "Light Templar" |
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| Title: Re: OT: With "Best Friends" Like THESE, Who Needs **Enemies?** |
20 Feb 2004 04:47:33 PM |
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"Ray Fischer" <rfischer@bolt.sonic.net> wrote in message
news:c15k7b$n0o$1@bolt.sonic.net...
Craig Chilton <xanadu222@mchsi.com> wrote:
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
If insider trading was legal it would destroy the stock market.
Look at the damage Ivan Botsky caused some years ago.
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| User: "Craig Chilton" |
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| Title: Re: OT: With "Best Friends" Like THESE, Who Needs **Enemies?** |
20 Feb 2004 07:37:22 PM |
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On Fri, 20 Feb 2004 18:38:36 GMT,
Ray Fischer <rfischer@bolt.sonic.net> wrote:
Craig Chilton < > wrote:
[ ... ]
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
If insider trading was legal it would destroy the stock market.
I doubt it, Ray. Why? because I'll bet that it happens
CONSTANTLY. Every day. On the part of people who are
smart enough NOT to get caught at it. And yet, the stock
market seems to be doing just fine, **other** events
notwithstanding.
-- Craig Chilton
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| User: "Light Templar" |
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| Title: Re: OT: With "Best Friends" Like THESE, Who Needs **Enemies?** |
20 Feb 2004 07:47:34 PM |
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"Craig Chilton" <xanadu222@mchsi.com> wrote in message
news:403db4ac.39139965@netnews.mchsi.com...
On Fri, 20 Feb 2004 18:38:36 GMT,
Ray Fischer <rfischer@bolt.sonic.net> wrote:
Craig Chilton <xanadu222@mchsi.com> wrote:
[ ... ]
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
If insider trading was legal it would destroy the stock market.
I doubt it, Ray. Why? because I'll bet that it happens
CONSTANTLY. Every day. On the part of people who are
smart enough NOT to get caught at it. And yet, the stock
market seems to be doing just fine, **other** events
notwithstanding.
Actually, it's not as common as all that. Corporate execs are not
generally that anxious to give major stockholders information that will
prematurely drive down their stock, and the SEC is pretty strenuous in their
investigations of large stock purchases just before a major rise in a
companies stock. It does, of course, happen, but if it were as prevalent
as all of that, then trust in the stock market would soon erode to nothing.
.
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| User: "Craig Chilton" |
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| Title: Re: OT: With "Best Friends" Like THESE, Who Needs **Enemies?** |
21 Feb 2004 12:33:12 AM |
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On Sat, 21 Feb 2004 01:47:34 GMT,
"Light Templar" wrote:
Craig Chilton < > wrote:
Ray Fischer <rfischer@bolt.sonic.net> wrote:
Craig Chilton < > wrote:
[ ... ]
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
If insider trading was legal it would destroy the stock market.
I doubt it, Ray. Why? because I'll bet that it happens
CONSTANTLY. Every day. On the part of people who are
smart enough NOT to get caught at it. And yet, the stock
market seems to be doing just fine, **other** events
notwithstanding.
Actually, it's not as common as all that. Corporate execs are not
generally that anxious to give major stockholders information that will
prematurely drive down their stock, and the SEC is pretty strenuous in their
investigations of large stock purchases just before a major rise in a
companies stock. It does, of course, happen, but if it were as prevalent
as all of that, then trust in the stock market would soon erode to nothing.
I accede to your better knowledge of the system. I've never
purchased any stock. But it just seems to me that people telling
their friends about what's happening in the market just can't really
be all that big a deal. However, if it actually is, then I guess that
law must make some sense.
-- Craig Chilton
.
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| User: "Ray Fischer" |
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| Title: Re: OT: With "Best Friends" Like THESE, Who Needs **Enemies?** |
20 Feb 2004 10:54:24 PM |
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Craig Chilton <xanadu222@mchsi.com> wrote:
Ray Fischer <rfischer@bolt.sonic.net> wrote:
Craig Chilton <xanadu222@mchsi.com> wrote:
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
If insider trading was legal it would destroy the stock market.
I doubt it, Ray. Why? because I'll bet that it happens
CONSTANTLY. Every day.
Not as much as you might think since the result is almost always
fines and/or imprisonment. It's too easy to catch people. Detecting
insider trading can be and is done by computers.
On the part of people who are
smart enough NOT to get caught at it.
Stock trades are all reported. Stock prices are known. All that
needs to be done is look for sizable profits immediately preceding
large shifts in a stock's price. Computers are good at sifting
through data looking for that kind of correlation.
--
Ray Fischer
rfischer@sonic.net
.
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| User: "Craig Chilton" |
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| Title: Re: OT: With "Best Friends" Like THESE, Who Needs **Enemies?** |
21 Feb 2004 12:29:56 AM |
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On Sat, 21 Feb 2004 04:54:24 GMT,
Ray Fischer <rfischer@bolt.sonic.net> wrote:
Craig Chilton < > wrote:
Ray Fischer <rfischer@bolt.sonic.net> wrote:
Craig Chilton < > wrote:
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
If insider trading was legal it would destroy the stock market.
I doubt it, Ray. Why? because I'll bet that it happens
CONSTANTLY. Every day.
Not as much as you might think since the result is almost always
fines and/or imprisonment. It's too easy to catch people. Detecting
insider trading can be and is done by computers.
On the part of people who are smart enough NOT to get caught at it.
Stock trades are all reported. Stock prices are known. All that
needs to be done is look for sizable profits immediately preceding
large shifts in a stock's price. Computers are good at sifting
through data looking for that kind of correlation.
I accede to your better knowledge of the system. I've never
purchased any stock. But it just seems to me that people telling
their friends about what's happening in the market just can't really
be all that big a deal. However, if it actually is, then I guess that
law must make some sense.
-- Craig Chilton
.
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| User: "Ray Fischer" |
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| Title: Re: OT: With "Best Friends" Like THESE, Who Needs **Enemies?** |
21 Feb 2004 01:05:36 PM |
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Craig Chilton <xanadu222@mchsi.com> wrote:
Ray Fischer <rfischer@bolt.sonic.net> wrote:
Craig Chilton <xanadu222@mchsi.com> wrote:
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
If insider trading was legal it would destroy the stock market.
I doubt it, Ray. Why? because I'll bet that it happens
CONSTANTLY. Every day.
Not as much as you might think since the result is almost always
fines and/or imprisonment. It's too easy to catch people. Detecting
insider trading can be and is done by computers.
On the part of people who are smart enough NOT to get caught at it.
Stock trades are all reported. Stock prices are known. All that
needs to be done is look for sizable profits immediately preceding
large shifts in a stock's price. Computers are good at sifting
through data looking for that kind of correlation.
I accede to your better knowledge of the system. I've never
purchased any stock. But it just seems to me that people telling
their friends about what's happening in the market just can't really
be all that big a deal.
It's a big deal when people like you and me get screwed out of
thousands of dollars.
However, if it actually is, then I guess that
law must make some sense.
Just last year a family near here shared some insider information.
They all made out quote well, with proffits on the order of $100,000.
Then they had to give it all back. Plus fines. Plus probation.
--
Ray Fischer
rfischer@sonic.net
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| User: "Craig Chilton" |
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| Title: Re: OT: With "Best Friends" Like THESE, Who Needs **Enemies?** |
21 Feb 2004 02:36:03 PM |
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On Sat, 21 Feb 2004 19:05:36 GMT,
Ray Fischer <rfischer@bolt.sonic.net> wrote:
Craig Chilton < > wrote:
Ray Fischer <rfischer@bolt.sonic.net> wrote:
Craig Chilton < > wrote:
AND... I think that the SEC's supposed "insider trading" rule is
one of the **dumbest** government regulations ever enacted. So
someone finds out that something might affect the value of their
stock, and they can't ACT on that? Come ON!! Give me a break!!
Big harry deel!! NO biggie!
If insider trading was legal it would destroy the stock market.
I doubt it, Ray. Why? because I'll bet that it happens
CONSTANTLY. Every day.
Not as much as you might think since the result is almost always
fines and/or imprisonment. It's too easy to catch people. Detecting
insider trading can be and is done by computers.
On the part of people who are smart enough NOT to get caught at it.
Stock trades are all reported. Stock prices are known. All that
needs to be done is look for sizable profits immediately preceding
large shifts in a stock's price. Computers are good at sifting
through data looking for that kind of correlation.
I accede to your better knowledge of the system. I've never
purchased any stock. But it just seems to me that people telling
their friends about what's happening in the market just can't really
be all that big a deal.
It's a big deal when people like you and me get screwed out of
thousands of dollars.
Well, in all honesty, I'll have to say that that might be
applicable to you, but not me. I've never left more than a
few bucks behind in a casino, and I've never played the stock
market. And have no regrets about either of those courses
of action.
However, if it actually is, then I guess that law must make
some sense.
Just last year a family near here shared some insider information.
They all made out quote well, with proffits on the order of $100,000.
Then they had to give it all back. Plus fines. Plus probation.
Reminds me of a line by Lee Marvin to a convicted soldier in
"The Dirty Dozen": "You just made one mistake! You let yourself
get CAUGHT."
(LOL!!)
-- Craig Chilton
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