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Author: AcmeFool Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 75335  
Subject: Re: Am I wrong? Date: 7/25/2002 9:15 PM
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I don't doubt that such an agreement exists, but I would be interested in reading about it. Do you have a reference or link that would give the details of the agreement?

Aljo,

Unfortunately, I cannot find anything useful to help you out here. The only times I see mention of it are when certain buy/sell activities are disclosed. There will be notes included in the activity log stating that the actual event took place x months ago and is just now being released to the public per the agreement with the SEC.

The reasoning behind the agreement (and there are other people with similar deals) is really quite simple -- WEB's activity draws a lot of interest and can cause dramatic movements in a stock. To minimize the negative impact due to the spikes that were occuring whenever WEB bought/sold a stock, the SEC put this deal into place. Even so, WEB's movements -- typically released something like 6 months after the fact -- have an impact on a stock once the data is released.

Sorry I could not be more help. If you happen upon a press release that mentions the deal, let me know...

ACME
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