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1) use of insider information in securities trading is illegal. pick up a copy of "martha stewart living" for the details. <br />2) rumors and gossip are a part of life in equity markets. misinformation is a way of life. "the inquirer" would be embarrassed to cover wall street. <br />3) stockholders can in not complacently rely on the hope that the company's management will impliment strategy on the basis of dollars and sense. <br />executives and their board rooms make decisions based on ego everyday. "king of the hill" occurs in the board room as well as the playground. regularly. "new coke". <br />4) regarding the difficulty of anticipating movement in securities prices, there is and old story of a trader who was being shown the beautiful sailboat of a well known stock broker, the trader asked, "where are the customers' yachts?"
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