On Wed, 2006-11-22 at 00:19 -0900, John Andersen wrote: > On Tuesday 21 November 2006 22:53, TheOldWiseKing wrote: > > Another point I've just got from a friend, that in the USA Stock Market, > > It's not allowed to buy more that 10% of the stocks of a certain > > company. Because this may cause the buyer to bring the company down. > > > > Anyone is sure of this information? > > I suggest you get a more reliable friend.
There is a partial truth in the line above. One is not allowed to own more than 10% of a companies outstanding stock, unless one files papers with the SEC, regarding the buying or selling of that stock. Up to 10% is unfettered trading, over 10% is monitored trading. So either the original info was wrong, or the listener heard the correct info and took this misinformation out of it, a thing which happens all too often. -- To unsubscribe, e-mail: [EMAIL PROTECTED] For additional commands, e-mail: [EMAIL PROTECTED]
