Open Thread

Let’s go home and cuddle, DH.

Today is dead to me.

Wow – am reading the comments from the link Cgar posted and half of those posters certainly don’t post anymore…..
Also the What sounds completely unintelligible. He certainly had improved in 09

“ugh – i wanna go home”

Me too, DH. Funny that we always seem to have the “same” day.

lechacal and other sharks:

Re the insider trading case, I was struck by the below in the NYT. Care to comment?

Also, does an analyst who visits a company, takes a tour, and has the ability to get he CEO to pick up the phone and talk to him, (unlike me, for example) end up with the kind of nebulous and ill-defined info these guys got? I’ve been leaning towards Cgar’s position…

“It may come as a surprise to know that there is no actual language that defines the term in the legal books. The S.E.C. relies on Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934, purposely vague provisions that make the purchase or sale of any security through “manipulative and deceptive devices” illegal. It is also a crime to engage “in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.”

If all of this sounds confusing, that’s because it is. And that’s why some argue that the S.E.C. should draw some bright lines around what insider trading is — and what it is not. In an age when information zips across the planet and sophisticated investors piece it all together, the public and investors deserve clear rules. A safe maxim might be: “If you have to ask if it’s right or wrong, it’s probably wrong.””

Seriously, I became placatory during the Brownstoner elections. And once I was voted in as PLUSA President after the three minute voting window closed (during which time I received four votes, resulting in my landslide victory), I had to maintain this diplomatic demeanor.