----- Original Message -----
From: "Chris Montgomery" <[EMAIL PROTECTED]>
Sent: Monday, September 25, 2000 11:18 PM
> Forwarded FYI. It will be interesting to see how this plays out.
>
>From what I can tell, everything happened in due process and in the open. The
most significant transaction was:
ALLAIRE, JOSEPH J. CB 140,000 S 08/04/00 $32.18-33.08 2,310,000 COM
The fact is that insiders. i.e. those managing the company, inevitably have a
much better handle on the financial affairs of the company than those outside,
but as long as everything is properly filed and declared on time - which these
transactions appear to be - and the officers of the company make statements on
the basis of current information, and which they can reasonable expect to be
accurate and in the belief they are true on the basis of that current
information - for external investors it is "caveat emptor".
Allaire stock closed today at 8.50.
Yes- I know there is now a CF stock list for these things, and we should
continue the discussion there.
Adrian Cooper.
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