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Bristol-Myers Squibb Company Message Board

  • ngospecialist ngospecialist Jul 11, 2002 10:06 AM Flag

    Trade Loading Not Illegal


    Because an actual sale occured it is not illegal, just immoral perhaps. Companies pull sales from one year to the next all the time. This was just larger than usual.

    Important--an actual sale occured and was booked. In the Merck case, no sale occured with pharmacy co-payments. Nothing is going to happen here.

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    • Trade loading ISN'T illegal, but the size was just plain stupid. AND...if any insiders sold stock fully knowing the loading would hurt '02, there could be criminal charges. Long term BMY is a buy, but right now it's in a sh*% storm...and the dividend is NOT secure...and no matter how much you wish it so.

50.02-0.34(-0.68%)Oct 21 4:01 PMEDT